Transatlantic Elite 2011

The Lawyer

  • Akin Gump Strauss Hauer & Feld

    Transatlantic Elite 2011

    The US shale gale has ­rejuvenated Akin Gump Strauss Hauer & Feld’s traditional oil and gas practice, much in the way a merger with Orrick ­Herrington & Sutcliffe might have rejuvenated the entire firm.

  • Allen & Overy

    Transatlantic Elite 2011

    In the race to cover the globe with a myriad of flags, few firms have achieved reach on the same scale as Allen & Overy (A&O).

  • Ashurst

    Transatlantic Elite 2011

    In May this year Ashurst ­unveiled plans to launch a New York project finance practice, underlining its ambition to ­secure a piece of the expected boom in US infrastructure ­projects, many of them related to the energy and natural ­resources market.

  • Baker & McKenzie

    Transatlantic Elite 2011

    Emerging markets and ­renewables are the buzzwords for Baker & ­McKenzie’s energy practice, as the international firm extends its reach beyond its long-established staples in oil, gas and power.

  • Baker Botts

    26-Jun-2011

    Baker Botts kicked off what it expected to be a busy 2011 with a brace of multibillion dollar M&A deals, including offshore drilling specialist Ensco’s $7.3bn acquisition of Pride ­International and UK-based Wood Group’s disposal of its well support division to US ­industrial giant General ­Electric.

  • Chadbourne & Parke

    Transatlantic Elite 2011

    Roughly 60 per cent of the chargeable time generated by Chadbourne & Parke’s project finance group in the past five years has been on renewable energy and biofuels projects.

  • Cleary Gottlieb Steen & Hamilton

    Transatlantic Elite 2011

    Any firm would be happy with a $67bn deal under its belt, so Cleary Gottlieb Steen & ­Hamilton can be forgiven for being proud of its role advising Brazilian energy ­giant ­Petrobras on its mammoth global equity offering, the world’s largest ever.

  • Clifford Chance

    Transatlantic Elite 2011

    In an increasingly crowded market, Clifford Chance is one name bouncing consistently around the top echelons of the energy industry.

  • Cravath Swaine & Moore

    Transatlantic Elite 2011

    At Cravath Swaine & Moore, where lawyers pride themselves on taking a generalist approach to the market, there are no strict internal sector-based ­departmental lines.

  • Davis Polk & Wardwell

    Transatlantic Elite 2011

    Multibillion-dollar energy deals are a dime-a-dozen at Davis Polk, but is its lucrative haul in the energy sector a result of the firm’s expertise in the area or a more general strength in M&A?

  • Debevoise & Plimpton

    Transatlantic Elite 2011

    The question of Debevoise & Plimpton’s prominence in ­energy circles was raised late last year when London-based partner Peter Rees quit the firm to join Royal Dutch Shell.

  • Dewey & LeBoeuf

    Transatlantic Elite 2011

    With at least 20 per cent of the firm’s total 2010 revenue ­derived from clients in the global energy market, natural resources is very much a core area for Dewey & LeBoeuf.

  • DLA Piper

    Transatlantic Elite 2011

    Its critics might dismiss it as mid-market and one-size-fits-all, but DLA Piper is marching ahead in its quest to plant flags in new jurisdictions and expand its energy practice across the globe.

  • Freshfields Bruckhaus Deringer

    Transatlantic Elite 2011

    The cream of the world’s M&A instructions do not necessarily flow from having a leading project finance capability, but as Freshfields Bruckhaus ­Deringer found to its cost, it is a ­specialism you ignore at your peril.

  • Future spend: Moody’s views

    Transatlantic Elite 2011

    Credit rating agency Moody’s Investors Service provides credit ratings for more than $1.5tr of debt securities associated with utilities and project financings.

  • Gibson Dunn & Crutcher

    Transatlantic Elite 2011

    Gibson Dunn & Crutcher might not be the sort of firm to shout it from the rooftops, but the past year has seen its energy practice steadily pick up ­momentum with key deals and office expansions.

  • Herbert Smith

    Transatlantic Elite 2011

    The history of Herbert Smith’s domestic energy practice is rooted in the North Sea, when the firm advised on financings for a string of US companies entering the UK market.

  • Hogan Lovells

    Transatlantic Elite 2011

    A year on from the merger of US firm Hogan & Hartson and the UK’s Lovells, the combined firm’s energy partners claim they are already reaping the ­results of Hogan Lovells’ new global footprint.

  • Hydrocarbons’ great divide

    Transatlantic Elite 2011

    The recovery of hydrocarbons is like wringing blood from a stone. Some hydrocarbons are thinner than blood (and some much thicker) and some rock is more squeezable.

  • Inner energy

    Transatlantic Elite 2011

    The world’s top law firms can beef up in energy all they like, but if their face doesn’t fit with clients then it’s time for a ­rethink.

  • Kirkland & Ellis

    Transatlantic Elite 2011

    Kirkland & Ellis is another one of the band of US firms that likes to think of itself as being, as one partner puts it, “agnostic on industries”.

  • Latham & Watkins

    Transatlantic Elite 2011

    Of all The Lawyer’s Sweet ­Sixteen firms it is Latham & Watkins that has made the most explicit push into tapping the global energy transactional market recently.

  • Linklaters

    Transatlantic Elite 2011

    Linklaters is among the firms where the energy practice has long benefited from its global approach.

  • Mayer Brown

    Transatlantic Elite 2011

    While much of the internal ­turmoil Mayer Brown endured several years ago appears to be largely behind it, the firm is now a smaller and more ­geographically diverse animal than it was prior to the fiscal meltdown.

  • Milbank

    Transatlantic Elite 2011

    Milbank’s traditionally less-than-ravenous appetite for growth means that over the past three years most of its ­lateral investments would ­cumulatively fit into any one of Latham & Watkins’ strategic moves.

  • Morgan Lewis & Bockius

    Transatlantic Elite 2011

    The reputation of Morgan Lewis & Bockius in energy ­circles has historically lain in its regulatory practice.

  • Norton Rose

    Transatlantic Elite 2011

    Three international mergers in two years have meant ­exponential growth for Norton Rose, with new presences in Canada, South Africa and ­Australia extending the energy practice’s global ­footprint.

  • Pillsbury Winthrop

    Transatlantic Elite 2011

    A glance at the revenue per lawyer (RPL) rankings will tell you that, firmwide, Pillsbury Winthrop Shaw Pittman is not among the global elite.

  • Shearman & Sterling

    Transatlantic Elite 2011

    ?Shearman & Sterling has had its fair share of critics in the past few years, but a number of big-ticket deals and a breadth of practice areas are evidence of its continued success in the ­energy arena.

  • Simpson Thacher & Bartlett

    Transatlantic Elite 2011

    Simpson Thacher blindsided most in the legal market when, as exclusively ­revealed in The Lawyer, in April this year it ­unveiled plans to open an office in Houston with the hire of Vinson & Elkins banking ­partner Robert Rabalais.

  • Skadden Arps Slate Meagher & Flom

    Transatlantic Elite 2011

    Late last year, Skadden underlined both its public ­company M&A credentials and its ­reputation for energy sector-related deals when it scooped Pillsbury Winthrop Shaw Pittman to ­advise Chevron on its $4.3bn ­acquisition of Atlas Energy.

  • Slaughter and May

    Transatlantic Elite 2011

    Slaughter and May has built its reputation on top-quality legal brains spread throughout a small but well-connected ­network of offices. Despite its relatively tiny footprint, the London-based firm remains ­attractive to big-ticket, global energy deals.

  • SNR Denton

    Transatlantic Elite 2011

    SNR Denton’s high-profile transatlantic merger last ­September heralded a new era of increased global prominence for both legacy firms.

  • Sullivan & Cromwell

    Transatlantic Elite 2011

    Some transatlantic firms rush to plant flags around the globe. Some hold high-profile energy summits. Sullivan & Cromwell opts for a more low-key ­approach. The firm eschews ring-fenced teams of lawyers in the energy sector, preferring to see it as one avenue of work for a broad range of its practices.

  • Sweet 16 spark power surge

    Transatlantic Elite 2011

    Ever since 2008, when The Lawyer first published the Transatlantic Elite, we have tracked the activities of a collection of trailblazing firms known as the Sweet Sixteen.

  • Vinson & Elkins

    Transatlantic Elite 2011

    Vinson & Elkins is one of ­Houston’s - and therefore the US’s - oil and gas big two.

  • Wachtell Lipton Rosen & Katz

    Transatlantic Elite 2011

    When it comes to potentially tricky public company M&A, the number one firm to turn to in the US - maybe the world - is Wachtell Lipton Rosen & Katz. And that blunt ­assessment is as true in the ­energy and natural resources sectors as it is in any other.

  • Weil Gotshal & Manges

    Transatlantic Elite 2011

    Weil Gotshal & Manges’ focal point in the global energy ­market, which even its own lawyers would admit is not a core sector for the firm, has ­traditionally been private ­equity.

  • White & Case

    Transatlantic Elite 2011

    White & Case has a long and ­illustrious history, but although during 2011 the ship has been steadied, 2010 was a year its energy practice would prefer to forget.