Ranking tables

Commodities: Physicals | UK

UK-wide

This section covers the regulation and trade of commodities, and any related litigation. It does not typically include investing in a company that will eventually produce a commodity (eg investing in a coal mine) unless a clear link to commodities trading can be demonstrated. It is split into three tables:  Derivatives & Energy Trading: This covers advice on commodities derivatives transactions and regulations, including trading relating to energy units such as electricity, gas, coal and oil.   Trade Finance: This covers prepayment financing, receivables, structured commodity finance and export credit financing.   Physicals: This covers disputes concerning the direct trade in commodities and related matters. Practitioners advise on a range of both 'soft' and 'hard' commodities, from cash crops to coal, metals, oil and gas. Typical clients include commodities trading houses, export credit agencies, financial institutions, freighters and insurers. 

Rankings overview for Departments

All Departments profiles

1

Band 1

  1. HFW
    1
    HFW
    Commodities: Physicals
    2025 | Band 1 | 15 Years Ranked
    HFW has a widely lauded physicals practice, also offering capability in derivatives and energy trading, among other areas. The firm routinely handles complex and high-profile commodities disputes and contractual matters for international clients on a global scale. HFW is notable for its handling of matters before GAFTA, FOSFA and other trade bodies. The team possesses significant expertise across the full spectrum of commodities, including metals, grain, sugar, oil and biofuels. Its clients include oil and gas companies, traders and banks.
  2. Reed Smith LLP
    1
    Reed Smith LLP
    Commodities: Physicals
    2025 | Band 1 | 15 Years Ranked
    Reed Smith has a market-leading commodities practice with extensive capability across physicals, derivatives, energy trading and trade finance. The firm deals with all kinds of hard and soft commodities, from sugar to metals. It marshals a deep bench of practitioners to represent global clients, which include trade associations, banks and producers. Reed Smith maintains a strong international practice.
2

Band 2

  1. Clyde & Co LLP
    2
    Clyde & Co LLP
    Commodities: Physicals
    2025 | Band 2 | 16 Years Ranked
    Clyde & Co offers a strong physical commodities practice that is well known for extensive expertise in hard and soft commodities, covering disputes, investigations and regulations. The firm additionally draws on extensive shipping, futures and derivatives experience. Its clients include major banks, trading companies and producers. The firm demonstrates expertise in advising clients on transactional matters relating to commodities assets.
  2. Hill Dickinson LLP
    Commodities: Physicals
    2025 | Band 2
3

Band 3

  1. Squire Patton Boggs
    3
    Squire Patton Boggs
    Commodities: Physicals
    2025 | Band 3 | 4 Years Ranked
    Squire Patton Boggs has a well-regarded commodities practice with international capabilities. It has an expanding team with notable strength in the physical commodities space. The firm acts for a range of clients including energy, mining and oil companies in addition to traders.
  2. Stephenson Harwood LLP
    3
    Stephenson Harwood LLP
    Commodities: Physicals
    2025 | Band 3 | 11 Years Ranked
    Stephenson Harwood has a strong physicals practice with expertise across hard and soft commodities, including metals, minerals, coal and oil. The firm represents large international clients across the industry on a range of issues and has additional prowess in sanctions and fraud. It maintains close relationships with major trading houses. The firm's other clients include international banks, mining, power, oil and agribusiness companies.
  3. Mills & Co. Solicitors Limited
    Commodities: Physicals
    2025 | Band 3
4

Band 4

  1. Penningtons Manches Cooper LLP
    4
    Penningtons Manches Cooper LLP
    Commodities: Physicals
    2025 | Band 4 | 13 Years Ranked
    Penningtons Manches Cooper offers expertise in physical commodities matters to a client roster that includes financing banks and trading companies. The firm advises on contentious and non-contentious commodities matters, with complementary ability in civil fraud. It draws on a wealth of experience handling soft commodity cases.
  2. Schjødt LLP
    4
    Schjødt LLP
    Commodities: Physicals
    2025 | Band 4 | 3 Years Ranked
    Schjødt is a well-respected Norwegian firm with a significant and growing practice in London. The firm has extensive experience in the physical commodities space and demonstrates notable expertise in disputes arising from contamination, breach of duty and fraud. The firm has additional experience in arbitrations. Its clients include trading and commodities companies and multinational conglomerates.