CMS joins the ranking this year and clients remark that it has 'a good team providing a range of capital markets law services'. Though it is best known for advising issuers, the firm increasingly acts for investment banks. Head of debt capital markets Michael Cavers recently advised UK Power Networks on its £10bn MTN programme. Key partner Jason Harding acted for long-term client Northumbrian Water on the establishment of its £6bn EMTN programme, as well as £400m in new issuance of publicly listed notes. Senior associate Kirsty Templar also played a key role in those deals. Chris Clark's broad practice encompasses OTC derivatives, DCM transactions and structured products.
Testimonials
Collated independently by Legal 500 research team.
'When we engage CMS to provide legal support, I have every confidence that we are in a very safe set of hands and that they'll deliver for us. They are very knowledgeable and it's easy to establish a productive working relationship with their flexible and approachable style. They listen to and address all concerns. I would have no reservations recommending CMS to other potential clients.'
'Jason Harding and Kirsty Templar are both knowledgeable, very responsive to client needs and a pleasure to work with.'
Work highlights
- Advised Northumbrian Water Finance plc (“NWF”)/Northumbrian Water Limited (“NWL”) on the establishment of its £6 billion EMTN Programme for issuances by NWF and guaranteed by NWL.
- Advised NIE Finance plc (“NIE Finance”)/Northern Ireland Electricity Networks Limited (“NIE Networks”) on a £350 million listed bond issue by NIE Finance guaranteed by NIE Networks.