Tax

Prominent tax group that regularly advises on big-ticket work for a diverse client base. The team has a full-service tax offering and can assist with everything from corporate transactions to restructuring and fund-related tax issues. Works with a wide range of multinational clients from industries including banking and financial services, investment management and real estate.

Sources say: "The team is technically excellent, practical in its application and extremely responsive."

Advised Telefónica on the tax aspects of its 50:50 joint venture with Liberty Global to combine the UK operations of O2 and Virgin Media.

Chris Davies advises clients in the banking sector on a broad range of financing-related issues. Capital markets forms a large part of his practice, with structured finance and securitisation being noted areas of strength.

Dan Neidle leads the tax team at Clifford Chance. He has a broad client base in the financial services sector. He often advises on tax compliance matters, as well as tax issues arising from corporate restructuring.