Addleshaw Goddard provides ‘practical and efficient solutions’ to transactional and regulatory issues. The ’innovative, diligent’ Carl Posern and the ‘thorough and precise’ Paul Denham are the lead transactional specialists, advising on a variety of derivatives matters across asset classes, notably credit derivatives, foreign exchange, swap portfolio sales and complex collateral structures, as well as synthetic securitisations. The group frequently assists on product development, structuring and documentation of transactions for clients in the Middle East. Former Bank of England Deputy General Counsel Tess Kelly joined in 2024 to bolster the firm’s financial regulatory capability.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Solid and deep knowledge on all aspects of derivatives including regulatory requirements combined with practical and efficient solutions. Particularly strong on use of technology to drive efficiencies.’
‘Paul Denham was a safe pair of hands to guide us through the derivative aspects of a large and complex transaction using innovative approaches. He was always focused on practical solutions and outcomes to the various issues that arose.’
‘Paul Denham is a great professional. Readily available, cooperative, supportive and with a commercial mindset. He provided great advice, going above and beyond what was requested. Excellent.’
‘AG has developed exceptional expertise in tailor-made solutions at the interface between ABS and ABF including synthetic solutions.’
‘Carl Posern is a very innovative, diligent partner in the space of synthetic SRTs in particular on the investor side.’
‘Paul Denham assisted us on a de-risking transaction that included derivatives and structured products. His knowledge and understand helped guide our team through. We enjoyed working with Paul and found him to be very personable and knowledgeable. We really valued his dedication and availability in a fast-paced transaction.’
‘Paul Denham provides us with deep analysis in a timely manner at reasonable legal fees.’
'Paul Denham is very personable and knowledgeable. We really valued his dedication and availability in a fast paced transaction.'
'Paul Denham – thorough and precise.'
Key clients
- Virgin Money
- ICBC London
- The Norinchukin Bank
- JP Morgan Asset Management
- Nationwide Building Society
- Pension Insurance Corporation
- B2C2
- Coventry Building Society
- The Co-operative Group
- Marex Financial
- Lloyds Bank Commercial Banking
Work highlights
Advised Nationwide Building Society and Virgin Money on derivatives aspects of Nationwide's acquisition valued the entire share capital of Virgin Money at approximately £2.9billion.
Advised Marex Financial in relation to its ISDA Master Agreements and credit support documentation.
Advised The Coventry Building Society on derivatives aspects of its £780 million cash acquisition of The Co-operative Bank.
Lawyers
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Carl Posern
Other key lawyers
Paul Denham; Tess Kelly