At Hogan Lovells International LLP, 'the team is composed of exceptional individuals with a deep knowledge of what is needed to deliver a trade receivables securitisation'. The firm's work encompasses a broad range of ABS transactions, with a growing presence in mortgage-backed structures, and clients note that the partners are 'really solution-driven and try always to strike the right balance from the start'. Standout partner Julian Craughan has a particular focus on consumer and SME assets, including residential, automotive, lease, buy-now-pay-later and unsecured loan securitisations. He advised UK mortgage lender Enra Specialist Finance on a forward flow transaction backed by buy-to-let mortgage loans. Prominent partner Tauhid Ijaz assisted warehouse lender, seller and retention holder Apollo Asset Management with a €365m Dutch RMBS deal, which is a prime example of the firm's growing role in residential mortgage transactions. Newly promoted partner David Palmer has 'very deep subject matter expertise and an ability to focus in on the key issues'. He worked with US-qualified partner Dennis Dillon on the £120m financing of a warehouse for SME merchants originated by Liberis Limited.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘The team is composed of exceptional individuals with a deep knowledge of what is needed to deliver a trade receivables securitisation. The team is really solution driven and try always to strike the right balance / compromise from the start which is efficient. Re billing, HL implemented a regular reporting of the accrued fees which is very helpful to monitor the legal fees.’
‘On top of their excellent technical skills, the individuals (Dennis Dillon, David Palmer) are really pleasant to work with. They understand the commercial matters and always try to explain the issues in clear manner, not overcomplicating things.’
'Delivers digestible legal advice which is easy to follow in a complex area of expertise.'
'David Palmer (partner) and Isabel Tinsley (Counsel). Isabel is extremely strong for a non-partner.'
‘Strong commercial thinking - with an aim to get to the answer effectively. Good sense of how to engage in the negotiation to keep processes moving.’
‘David Palmer is excellent. Very deep subject matter expertise, ability to focus in on the key issues, and extreme patience even with demanding clients!’
‘Extremely knowledgeable, strong team from trainee up to partner who work seamlessly together, flawless work output, innovative fee arrangements for large projects adopting a "balanced scorecard" approach, such that an uplift was given on fees dependent on our feedback of performance’
‘Knowledge of the industry and our business. Flawless work output.'

Key clients

Volkswagen (including Volkswagen Finance Services (UK Limited
Zopa Limited
HSBC Bank PLC
Banco Santander S.A.
Citigroup Global Markets Limited
BNP Paribas
Standard Chartered Bank
Brookfield
Enra Group Limited
Mercedes Benze Financial Services
RCI Financial Services
Bank of America
National Air Traffic Services
Taulia inc.
Quantum Mortgages
Affinity Water Limited
Department for Education
Ambac Assurance UK Limited
Apollo Asset management
Deutsche Bank Group
Societe Generale
Castlelake
Scania GB (a separate part of the VW Group)
Bank Millenium

Work highlights

Advised Bank of America Securities as Arranger and Lead Manager on the largest UK residential mortgage backed securitization (RMBS) in 2022, a £2.1 billion RMBS transaction.
Advised Apollo Global Management as warehouse lender, seller and retention holder in respect of its €365m inaugural Dutch residential mortgage backed securitisation, Prinsen Mortgage Finance No. 1 B.V. , a static securitisation of prime Dutch mortgage loans granted to individuals by Fenerantis B.V. (under the Merius Hypotheken label) to finance the acquisition of residential properties located in the Netherlands.
Advised UK mortgage lender Enra Specialist Finance in relation to (i) a financing of an amount up to £300m with development loans and bridging loans secured over property in England and Wales and (ii) their forward flow transaction in respect of first ranking buy-to-let mortgage loans.

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