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DEPARTMENT PROFILE

Herbert Smith Freehills

Capital Markets

5 ranked lawyersBand 1AustraliaAsia-Pacific 2021 View ranking table

Chambers Review

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

What the team is known for

A highly respected team handling an array of DCM, ECM and securitisation work. Maintains a strong reputation for acting for issuers on highly complex and innovative matters, including high-profile IPOs, dual listings and hybrid issuances. Boasts significant experience in the Eurobond and US private placement spheres. Also noted for its depth of experience interacting with key regulators in the market.

Strengths

"They're great at navigating out of complexity," a client comments, "demonstrating first-class expertise, technical knowledge and commercial understanding and the ability to work almost around the clock to meet deadlines." The client goes on to add: "They're able to link the various elements of a transaction together and to know which buttons to press and when."

Work highlights

Advised Brookfield Infrastructure on its dual-track IPO and sale process for the Dalrymple Bay Coal Terminal, at an estimated value of over AUD2 billion.

Acted for APA on its issue of GBP400 million 3.125% notes due 18 July 2031.

Notable practitioners

Andrew Booth is recognised by market sources as "a technically skilled and capable practitioner." He has an established practice representing lenders and corporates on the establishment of AMTN programmes as well as bond issuances.

Michael Ziegelaar has an active practice advising corporates on institutional placements, security purchase plans and IPOs. A client praises his experience, commenting: "He has done it all, so he can foresee difficult issues before they arise and present options for avoiding or addressing them."

Patrick Lowden is an established practitioner with a wealth of experience acting for clients on debt capital raisings, including note and bond issuances.

Philippa Stone is widely reputed as the dominant practitioner with regard to ECM matters, often being the lawyer of choice for issuers, underwriters and lead managers on major IPOs and secondary capital raising. One client says: "She's just brilliant, she's someone who can so succinctly advise you on what the law is but also from a market perspective what the best approach to take is, and she also very easily engages with other parties on a deal." Another adds: "She brings that corporate wherewithal and experience to complex situations."

Tim McEwen is regarded as a "seasoned expert for ECM work who builds client trust very quickly and who has a nice, quietly self-assured and confident manner." He frequently acts for corporate clients in relation to issuances and listings.

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Ranked Lawyers

Chambers Research is conducted by 200 Research Analysts, across 200 jurisdictions and provides nearly 6,000 rankings tables. Annually we collect hundreds of thousands of responses from clients, the majority via in-depth interview. Learn more about our methodology.

Australia

Capital Markets: Debt


Andrew Booth
Band 2
Patrick Lowden
Band 2

Capital Markets: Equity


Michael Ziegelaar
Band 2
Philippa Stone
Star Individuals
Tim McEwen
Band 2