Department profile
Cleary Gottlieb Steen & Hamilton LLP

Derivatives

USA Guide 2026 : USA - Nationwide


Cleary Gottlieb Steen & Hamilton LLP

Rankings

Chambers Review

Provided by Chambers

Derivatives - USA - Nationwide

Band 1

Band 1


What the Team is Known For
Cleary Gottlieb Steen & Hamilton LLP boasts a deep bench with expertise across both transactional and regulatory derivatives matters. The derivatives practice is able to marshal experience tackling bankruptcy issues in relation to derivatives, including swaps, and has an excellent track record advising on the Dodd-Frank Act. The attorneys are recognized for their skill working on cross-border and international transactions and frequently draw on the expertise of colleagues based in locations across the globe.

Work Highlights

Provided by Chambers

  • Cleary Gottlieb Steen & Hamilton LLP represented Walgreens Boots Alliance in multiple transactions involving Cencora, including ongoing structuring and transactional advice relating to variable prepaid forwards relating to over $4.5 billion worth of shares of Cencora.

Strengths

Provided by Chambers

  • The range of experts in the field make Clearly a one-stop shop. The team has expert transactional support, regulatory advice, insolvency and jurisdictional advice that can all be pulled together within the firm in no time.

    Derivatives respondentUSA
  • Cleary is stellar in its attention to detail, ability to create complex and bespoke structures and expertise in US securities law.

    Derivatives respondentUSA
  • The partners invest a great deal of time to understand the client's business, which strengthens their ability to provide targeted advice and suggestions.

    Derivatives respondentUSA

Notable Practitioners

Provided by Chambers

  • Senior StatespeopleMichael D Dayan
    Senior StatespeopleMichael D Dayan

    Michael D Dayan

    Major corporations and financial institutions turn to Michael Dayan for advice on derivatives transactions, particularly on equity derivatives.
    • Michael is an authority in the field. He is extremely well-regarded for his thoughts on very complex issues and provides a valuable point of view on transactions and regulatory issues.

      Derivatives respondentUSA
  • Senior StatespeopleSeth Grosshandler
    Senior StatespeopleSeth Grosshandler

    Seth Grosshandler

    Seth Grosshandler has built a formidable reputation among peers and clients for his ability to advise on derivatives within a bankruptcy context. His sector expertise makes him a highly respected adviser to trade associations, clearing houses and financial institutions.
  • Band 1Brandon M Hammer
    Band 1Brandon M Hammer

    Brandon M Hammer

    Brandon Hammer has an established reputation as a strong regulatory lawyer in the derivatives market. He comes especially recommended for his ability to assist with derivatives in the context of bankruptcy.

    • Brandon is extremely responsive and helpful.

      Derivatives respondentUSA
    • We have been astounded by his ability to deliver commercial and technically precise feedback.

      Derivatives respondentUSA
    • Brandon is a really thoughtful lawyer, who is extremely knowledgeable about a variety of things that are both technical and complicated. He provides digestible information and good, practical advice.

      Derivatives respondentUSA
    • Brandon is exceptionally responsive and he gives really thoughtful bankruptcy analysis that is helpful for coming up with creative structures.

      Derivatives respondentUSA
  • Band 1Deborah North
    Band 1Deborah North

    Deborah North

    Deborah North's impressive cross-border practice encompasses both transactional and regulatory matters.

    • Deborah is a standout partner in the field. She has the perfect balance of commercial understanding and legal skill, and her advice is practical, on-point and constructive.

      Derivatives respondentUSA
    • Deborah is terrific. She brings a wealth of knowledge and experience.

      Derivatives respondentUSA
  • Band 3Clayton I. Simmons
    Band 3Clayton I. Simmons

    Clayton I. Simmons

    Clayton Simmons comes highly regarded for his expertise on derivatives regulations. Major financial institutions regularly call upon Clayton to advise on thorny regulatory and insolvency issues.
    • Clay has such a good fundamental knowledge of the rules that you can really get good advice from him. He is generally considered a thought leader in the space, so we go to him for bespoke or novel issues.

      Derivatives respondentUSA
    • Clay is brilliant. He is super sharp and smart as well as thoughtful, diligent, dedicated and commercial.

      Derivatives respondentUSA
    • Clay is outstanding at equity derivatives and US securities laws.

      Derivatives respondentUSA
    • Clay is very responsive and clear. He is good at issue spotting on derivatives transactions.

      Derivatives respondentUSA

Ranked Individuals at Cleary Gottlieb Steen & Hamilton LLP (6)

USA - Nationwide

Cleary Gottlieb Steen & Hamilton LLP has rankings in the following guides

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