CMS

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CMS is sought after for its excellence in cross-border financial transactions, particularly in project finance, fund financing, real estate financing, and derivatives work. Practice head Gordon Hay is noted for his project finance specialisation, regularly acting for banks and borrowers. Stephen Phillips predominantly advises on receivables, derivatives and securitisations. Jenny Allan excels in energy financing work, and Alan Fulton is an expert in real estate finance and acquisition finance transactions. Caryn Miller is a key point of call for lenders and borrowers in all areas of corporate, acquisition and development finance. John Waller joined in June 2025.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The team is responsive and delivers as required when asked - dependable and consistent.’
  • ‘Alan Fulton is our primary relationship. He is excellent to work with. His client care is exceptional, transactions move very smoothly, and he manages a lot of the process without ever making it seem like there are any hurdles. Alan is also commercially very astute.'

Key clients

  • Albo Holding Limited
  • aosphere Limited

Work highlights

Advised a syndicate of three lenders on the provision of a credit facility to a subsidiary of Quinbrook Infrastructure Partners to fund the development of a portfolio of 5 synchronous condenser plants across the UK.