England - London • Finance

Slaughter and May

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Forming an integral part of the firm’s blue-chip corporate and banking offerings, Slaughter and May‘s ’exceptional’ restructuring team is best-known for its ability to provide ‘top-notch advice on large and complex UK situations’. In this context, the team, which is led by the ’experienced, hardworking and smart’ Ian Johnson, is particularly accomplished at handling work in listed situations, both for Plcs as debtors, as well as acquirers of distressed debt. Johnson is also adept at handling work for beleaguered retail financial services entities in the unique challenges faced with their insolvencies, as well as frequently being used as a sounding board for central governments and central banks. The ‘extremely experienced’ Tom Vickers is ’calm in a crisis’ and has a versatile practice that also includes some creditor work for banking clients. At an associate level, Evelyn Fleming is ‘technically strong and has great case management skills’. 

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'A technically strong team that connects well with the wider firm to deliver great client service.'
  • 'The exceptional team applies its commercial acumen incredibly well to utilising the law to achieve the commercial intent of their clients.'
  • 'Highly polished, very experienced, especially in listed situations. Top-notch debtor advice on large and complex UK situations.'
  • 'The very experienced, hardworking and smart Ian Johnson is calm in a crisis and well respected by other lawyers and advisers.'
  • 'Tom Vickers is extremely experienced, calm in a crisis and highly versatile.'
  • 'The exceptional Claire Cooke has first-rate subject matter knowledge which she applies to deliver commercial solutions in complex situations.'
  • 'Evelyn Fleming is technically strong and has great case management skills.'

Key clients

  • Cineworld Group
  • ASOS
  • NEXT plc
  • McBride plc
  • Interserve
  • Grant Thornton
  • NSF
  • Deutsche Bank AG, London Branch
  • Atlas Mara Limited
  • AlixPartners
  • Silicon Valley Bank

Work highlights

  • Advising Cineworld Group plc on the Chapter 11 cases for its US, UK and Jersey businesses.
  • Advised Silicon Valley Bank UK on the consequences for its own financial position following its parent, Silicon Valley Bank, being placed into receivership by the Federal Deposit Insurance Corporation, and the Bank of England subsequently announcing it intended to place SVBUK into a Bank Insolvency Procedure.
  • Advised NEXT plc on the acquisition of the majority of Joules’ assets out of administration by a newly formed joint venture between NEXT and Joules’ founder, Tom Joule.

Lawyers

Leading individuals

Ian Johnson

Slaughter and May

Partner; Ian heads our Restructuring and Insolvency group and advises across the full spectrum of restructuring, refinancing and insolvency matters. He has significant experience advising companies (and their boards), lenders, investors and buyers on complex and international restructuring and distressed situations. Ian also frequently advises governments, central banks and insolvency practitioners.

Tom Vickers

Slaughter and May

Partner; Tom advises across the full spectrum of restructuring and insolvency matters, including complex corporate restructurings and contentious and non-contentious insolvency matters. In the financial services space his experience includes bank resolution and insolvency work for governments, central banks and insolvency practitioners.

Practice head

The lawyer(s) leading their teams.

Ian Johnson

Other key lawyers

Tom Vickers, Claire Cooke, Tim Newey, Joshua Bauernfreund, Ed Couzens, Evelyn Fleming