Linklaters LLP has a deep bench of securitisation partners in London, as well as a strong team of associates handling innovative, complex and multi-jurisdictional structures across all asset classes. 'Its people are exceptionally talented and a pleasure to work with', notes one client. Led by Mark Nuttall, the group includes standout practitioners in Adam Fogarty, who handled £1.75bn in issuance under an RMBS master trust programme; mortgage-backed, loan portfolio and covered bonds specialist Andrew Vickery; Alexander Shopov, whose work includes receivables finance and RMBS deals; covered bonds and utility securitisation expert Reza Taylor; Thomas Quoroll, who advised an alternative investment firm on a €1bn portfolio acquisition; and emerging talents Aditi Srivastava and the 'very dedicated' Lucy Sidey. The whole team 'showcases the ability to deliver complex transactions in a timely and orderly fashion, across public and private financings', and clients praise its strong collaboration skills. Mark Drury joined Reed Smith LLP.
Testimonials
Collated independently by Legal 500 research team.
'Linklaters is one of the most prominent law firms in the securitisation space and one of the select few law firms which could advise clients on the most complex transactions. They are very experienced and exposed to the latest developments in the market. Their people are exceptionally talented and a pleasure to work with. In terms of law firms, their ability to be very commercial makes them stand out amongst their peers.'
'Adam Fogarty is very experienced in the securitisation market and has the ability to explain complex concepts in simpler terms for non-lawyers. Lucy Sidey is an upcoming junior partner that is very dedicated, friendly and generally great to work with. She has been extremely accommodating in the past on commercial arrangements and these relationship efforts as well as the excellent quality of her team is what has made us come back twice in three months for subsequent deals.'
'Michael Watson is exceptionally dedicated and organised, has a great attitude and excels at dealing with clients. He is very commercial and excels at always seeking to build compromise between the parties. In terms of senior associates across law firms we work with, I have never worked with anyone quite as impressive as him in terms of work ethic and the ability to deliver a successful transaction for his clients. William Bibby does a great job at representing the client's interest and position while seeking to come to a consensus.'
‘A strong team, giving lots of options on partner and associate coverage. Broad skill set means they can cover a wider range of deals without continually bringing in specialists from other departments.’
‘Andy Vickery, Tom Quoroll, Alex Shopov, Reza Taylor – all very strong but offer different characters giving a client the ability to choose the right personality for the job. I don't believe any other law firm can offer a group of finance lawyers capable of operating as specialists in public structured debt and also generalists able to cover corporate debt, leverage, REF and derivatives, each to a high standard.’
‘The Linklaters team has been at the front and centre of the legal work instructed by my securitisation team, showcasing ability to deliver complex transactions in a timely and orderly fashion, across public and private financings. In particular, their ability to leverage their deep understanding of our internal constraints when solving for our challenges has been outstanding. It is a pleasure working with a team with such strong team work and collaboration skills. ’
‘They are commercial and have a strong knowledge of the market and our structures which is extremely valuable to us. Most importantly, we value the way that they work with our advisers – they are very collaborative and work with us on transactions so that we achieve the goal of closing the transaction together. As a direct comparison, we have worked with other lawyers representing arranging banks recently and Linklaters compare very favourably – we noticed more collaboration when working with the Linklaters team and no "drama".’
‘Adam Fogarty: leads our transactions and is a great sounding board for any issues that might arise on any given transaction. Such a responsive partner. We appreciate that we are not his client but nevertheless he always seeks to understand our position so that he is able to represent his clients most effectively bearing in mind everyone's objective to get the transaction over the line. We very much value his expertise, opinion and sound judgement as well as great working style and are very pleased to have him and his team working on our deals.'
Key clients
- Cerberus
- Bank of America
- AB CarVal Investors LP
- J.P. Morgan
- Santander UK PLC
- SGS Group
- Citi
- Barclays
- BNP Paribas
- Deutsche Bank
- Lloyds
- Alix Partners
- Morgan Stanley
- Assured Guaranty
- HSBC
- Song Capital
Work highlights
- Advised Cerberus as buyer on one of the largest and most complex portfolio acquisitions and financings of all time, on the acquisition and financing of over 10,000 portfolios with a nominal value of €33bn and a book value of €1bn across 13 European jurisdictions.
- Acted as counsel to the arranger/dealers (Citi, Barclays, BNP Paribas, BofA Securities, Deutsche Bank and Lloyds Bank) on the first of its kind ‘stock and drop’ issuance under Nationwide Building Society’s Silverstone RMBS master trust programme.
- Acted for Citibank as the sponsor and risk retention holder in its call and refinancing of its 2021 Jupiter Mortgage No. 1 PLC securitisation.
Lawyers
Practice head
The lawyer(s) leading their teams.
Mark Nuttall