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Ranking tables

Global Canada Banking & Finance

The Global-Wide Banking & Finance section of Chambers research is a recognition of the firms adept at advising on various elements of a broad range of cross-border banking transactions, which includes advice to both borrower and lender clients. The following topics are included:

  • Acquisition finance: Transactions involving arranging finance for acquisitions acting for either the lender or the borrower.
  • General bank lending: Syndicated lending, structured finance, leveraged finance.
  • Project finance: Financing of infrastructure and industrial projects. Often arranged on a non-recourse loan basis. See also equipment finance and leasing.
  • Refinancing: The refinancing and restructuring of existing loans and debtor-in-possession financing is also included.

Rankings overview for Departments

All Departments profiles

1
Band 1
  1. Blake, Cassels & Graydon LLP
    1
    Blake, Cassels & Graydon LLP
    Banking & Finance
    Global 2022 | Band 1 | 19 Years Ranked
    Blake, Cassels & Graydon is a pre-eminent Canadian firm in the banking and finance space, with robust expertise in asset-based lending, leveraged private equity transactions and acquisition financing, including cross-border work. It is also well regarded for its experience of syndicated lending and structured derivatives, servicing a client base of leading domestic banks and global financial services providers. The firm is renowned for its involvement in especially high-value deals and distinguished by its nationwide and international reach. The group demonstrates notable proficiency on project finance mandates and when acting for REITs, with further expertise in fintech. The firm boasts a full-service regulatory group serving a wide range of clients, from banks and insurance companies to securities and foreign exchange dealers. The team regularly acts as an adviser to financial institutions from the USA, Asia and Europe.
  2. McCarthy Tétrault LLP
    1
    McCarthy Tétrault LLP
    Banking & Finance
    Global 2022 | Band 1 | 19 Years Ranked
    McCarthy Tétrault maintains a prominent position in the Canadian banking and finance marketplace through its representation of lenders including many of the country's largest financial institutions, as well as major foreign banks. The group has a strong presence in the structured finance and asset-based lending spaces, with further proficiency in areas such as debt refinancing. The firm also acts on the borrower side, offering significant experience of project finance as well as capital markets transactions, with further expertise in covered bond matters. The team additionally has a strong track record advising on banking regulatory and compliance matters in relation to M&A and capital markets transactions, as well as frequently representing international banks and insurance companies looking to establish operations in Canada. The firm's fintech practice includes expertise in blockchain and payment systems. Notable for its impressive reach across Canada, the firm has offices in Québec, Ontario, Alberta and British Columbia.
2
Band 2
  1. Davies Ward Phillips & Vineberg LLP
    2
    Davies Ward Phillips & Vineberg LLP
    Banking & Finance
    Global 2022 | Band 2 | 19 Years Ranked
    Davies Ward Phillips & Vineberg represents a variety of lenders and borrowers in cross-border financing and refinancing transactions. The Toronto-based firm offers further expertise in asset-based lending, acquisition finance and project finance, with further recognition for its expertise in alternative financing arrangements, including commercial paper financing and high-yield debt. The group is well respected for its long-standing relationships with major Canadian banks, regularly acting for syndicates consisting of domestic and international financial institutions, as well as private equity funds and mining, energy and infrastructure businesses.
  2. Fasken
    2
    Fasken
    Banking & Finance
    Global 2022 | Band 2 | 19 Years Ranked
    Fasken remains a strong choice for mining finance and wider project finance mandates, offering notable expertise in relation to PPP and infrastructure financing. It also has a strong bank lending practice and in-depth expertise in acquisition and corporate finance. Clients benefit from the firm's offices across Canada and internationally to advise on cross-border transactions. The team is well regarded for its representation of financial institutions in the establishment of revolving credit facilities and share purchase agreements, and acts for a number of the country's most high-profile banks. The group further demonstrates an impressive track record in matters relating to payment systems, credit and debit card programmes and outsourcing arrangements. It is equally well placed to handle regulatory work relating to large-scale M&A transactions, market entry and bank formation issues.
  3. Norton Rose Fulbright
    2
    Norton Rose Fulbright
    Banking & Finance
    Global 2022 | Band 2 | 19 Years Ranked
    Norton Rose Fulbright wins praise for the strength of its dedicated asset-based lending practice, with an impressive track record advising chartered banks, as well as energy, natural resources and healthcare clients. The team is singled out for its international capabilities and cross-office support, as well as its expansive presence across Canada, with offices in Alberta, Québec, Ontario and British Columbia. The firm has notable aptitude on credit agreement amendments, renewals, and bond and equity issuances. It is recognised for its expertise in complex cross-border matters including bank debt, acquisition finance, debt capital markets and bank bond solutions.
  4. Stikeman Elliott LLP
    2
    Stikeman Elliott LLP
    Banking & Finance
    Global 2022 | Band 2 | 19 Years Ranked
    Stikeman Elliott advises borrowers, lenders and sponsors on a full range of transactions, including acquisition finance, asset-based lending and aircraft finance. The firm is frequently involved in novel deals in the banking and finance space, with notable experience in refinancing, restructuring and credit extensions and amendments, as well as mining and stream finance. The group regularly acts on financing matters for private equity firms, with notable experience acting on cross-border financings involving lenders and borrowers in the USA, South America and Europe. It is well equipped to handle international transactions and frequently represents domestic and international banks and pension funds. The team provides advice on the regulatory aspects of capital markets transactions, with notable experience in derivatives regulation. It has further expertise in bank insolvency work, anti-money laundering, tax regulatory and credit union issues.
  5. Torys LLP
    2
    Torys LLP
    Banking & Finance
    Global 2022 | Band 2 | 19 Years Ranked
    Torys handles a broad spectrum of banking work across its Toronto and Calgary offices, providing clients with additional support on Canada-US cross-border matters through the firm's office in New York. The group's experience includes advising on high-end acquisition finance and project finance matters, with in-depth experience acting on secured and unsecured credit facilities. The team acts for a range of both lender and borrower-side clients, including leading domestic banks, insurance companies, international financial institutions and pension and private equity funds. The firm's esteemed regulatory practice is notable for its advice regarding financial services M&A, as well as its credit union and consumer protection work. It often acts for foreign financial institutions on the establishment of their Canadian branches, as well as advising Canadian banks on potential expansion plans.
3
Band 3
  1. Goodmans LLP
    3
    Goodmans LLP
    Banking & Finance
    Global 2022 | Band 3 | 19 Years Ranked
    Goodmans is a prominent Toronto law firm with a strong banking and finance practice and a significant emphasis on corporate lending, acquisition and leveraged finance, and real estate financing transactions. The department demonstrates considerable experience in managing cross-border transactions and represents a number of global financial services companies. It additionally advises on structured finance and streaming transactions in the mining sector. The team frequently acts for US banks on asset-based lending transactions, with additional expertise in debt restructuring and refinancing matters.
  2. McMillan LLP
    3
    McMillan LLP
    Banking & Finance
    Global 2022 | Band 3 | 19 Years Ranked
    McMillan is home to a highly regarded banking and finance team with a strong lender client base and wide-ranging experience encompassing construction, infrastructure, PPP and real estate financing transactions. The firm demonstrates additional strength in multi-creditor files. The group acts for national and international financial institutions on cross-border transactions, including syndicated credit facilities and restructuring mandates. Its client list also comprises insurance companies and private equity sponsors, as well as gaming and cannabis companies.
  3. Osler, Hoskin & Harcourt LLP
    3
    Osler, Hoskin & Harcourt LLP
    Banking & Finance
    Global 2022 | Band 3 | 19 Years Ranked
    Osler, Hoskin & Harcourt houses a highly regarded banking and finance practice in Canada that is recognised for its representation of foreign financial institutions, including US banks and hedge funds. The group handles a wide variety of traditional banking work, including asset-based lending and acquisition and project finance, with further expertise in debt financing and leveraged finance transactions. The firm advises a number of Canadian lenders and borrowers in connection with domestic and multi-jurisdictional transactions, with offices in Montréal, Toronto, Calgary and New York playing key roles. Its clients include traditional and active lenders, such as private equity and hedge funds as well as borrowers in sectors such as mining, energy and technology. The department also acts for a significant market share of major Canadian banks on the regulatory aspects of cross-border M&A transactions, as well as advising on regulatory matters arising from capital markets issuances and securitisations. The team is also well equipped to advise on credit cards and consumer disclosure matters.
4
Band 4
  1. Bennett Jones LLP
    4
    Bennett Jones LLP
    Banking & Finance
    Global 2022 | Band 4 | 19 Years Ranked
    Bennett Jones operates an established and respected banking group known for its strength in Calgary, as well as maintaining a robust group in Toronto. Its expertise cuts across a range of sectors, but the firm is especially notable for its handling of financings in the energy and natural resources sector. The group demonstrates wide-ranging expertise covering mandates such as project and acquisition finance, and is further recognised for its experience handling distressed credit and asset financing work, including aircraft finance. The practice represents a varied client base comprising senior issuers and borrowers, as well as pension funds, hedge funds and other institutional investors. The group is also noted for its activity representing non-traditional lenders and credit providers.
  2. Borden Ladner Gervais LLP
    4
    Borden Ladner Gervais LLP
    Banking & Finance
    Global 2022 | Band 4 | 19 Years Ranked
    Borden Ladner Gervais has a large banking and finance team operating from offices across Canada. The group acts on a wide variety of lender mandates in the real estate and natural resources sectors, as well as assisting with construction and project finance matters. The firm also often represents clients in cross-border transactions and is regularly called upon by a number of major Canadian and international banks, as well as non-traditional lenders and sponsors. It is noted for its experience in syndicated acquisition financing, secured credit agreements, securitisation and refinancing. The department additionally handles a wide range of regulatory matters, including the creation of new financial services entities and branches in Canada, the launch of new financial products and anti-money laundering mandates.
  3. Cassels Brock & Blackwell LLP
    4
    Cassels Brock & Blackwell LLP
    Banking & Finance
    Global 2022 | Band 4 | 14 Years Ranked
    Cassels Brock & Blackwell is a prominent Canadian law firm with a well-respected banking and finance practice. The firm has notable expertise in mining finance, as well as advising clients on matters across other industry sectors, including construction, real estate, energy and manufacturing, with a growing practice in the cannabis market. The group frequently assists its strong sponsor client base with the restructuring and amendment of credit facilities, as well as advising on project financings. It offers additional proficiency in distressed debt lending and consumer finance and often acts for foreign lenders on cross-border financing transactions. The department attracts further recognition for its non-traditional lender representation.
  4. Dentons Canada LLP
    Banking & Finance
    Global 2022 | Band 4