We advise on all OTC, cleared and listed derivatives across all asset classes and strategies. Our deep product knowledge, ranging from fixed income trades (such as total return swaps on loans to relative value trades) to equity products (from delta one swaps to dispersion and volatility trades), means that we can assist clients to manage legal risk across trading books.  Our practice covers document negotiations (whether standardised or bespoke), structured transactions, re-papering projects, legal opinions, producing risk policies for non-standard products and advising on disputes.

Short-term credit markets and securities finance
We advise on all repo, stock loan and other securities finance transactions, including credit intermediation, collateral arrangements, custody and client money issues, and all prime brokerage matters. Our partners have led legal teams in this area at Goldman Sachs, Merrill Lynch and Credit Suisse. In addition, Dan Harris has written major academic articles and has given expert evidence to the English High Court in this area.

ESG & Responsible Investment
We have the leading ESG practice in the absolute-return space, advising clients on ESG related issues. Our work with the UNPRI ensures that we are at the forefront of this developing area.

General Counsel
We act either as a first port of call for Portfolio Managers and COOs or as a sounding board for in-house GCs by offering advice and insight or helping to alleviate pressure from volume of work. Having held senior executive positions in-house, our partners are familiar with the numerous issues that can be generated by global businesses. We have sat on management (including operational, risk and assurance) committees, advised through complex and multi-jurisdictional regulatory investigations, led M&A deals, dealt with competition issues and managed contentious (including employment) matters across multiple regions. Further, our lawyers have extensive experience of dealing with regulators and enforcement agencies across the globe.

Managed Account
We provide “hub services” to managed account platforms, including the facilitation of on-boarding third party investment managers, the establishment of trading and financing relationships with counter-parties, preparing agendas and updates for the independent board, obtaining LEIs, registering for ISDA protocols, coordinating service providers, obtaining and providing KYC documents, acting as process agent for the SPVs on the platform, closing accounts and terminating agreements. We have experience of doing this across multiple jurisdictions.