Private Capital Law Firms: Real Estate

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PRIVATE CAPITAL LAW FIRMS: REAL ESTATE PRIVATE CAPITAL LAW FIRMS: REAL ESTATE We break down the activity of law firms involved in private equity real estate (PERE) deals advised on by number, value, deal type and location.

Fig. 1: Law Firms by Number of PERE Deals, 2017 - 2018 YTD Fig. 2: Law Firms by Number of PERE Deals, 2000 - 2018 YTD (As at May 2018) (As at May 2018) No. of Known PERE Deal Proportion of All No. of Known PERE Deal Proportion of All Firm Firm Assignments PERE Deals Assignments PERE Deals Clifford Chance 56 4% Clifford Chance 136 4% PwC Legal 52 4% Loyens & Loeff 91 3% Loyens & Loeff 45 3% Houthoff Buruma 84 3% CMS Hasche Sigle 44 3% Dentons 83 3% Dentons 43 3% PwC Legal 82 3% Houthoff Buruma 43 3% CMS Hasche Sigle 76 2% DLA Piper 39 3% DLA Piper 61 2% GSK Stockmann 26 2% Simpson Thacher & 56 2% Bartlett Greenberg Traurig 22 2% Linklaters 54 2% Van Doorne 22 2% Greenberg Traurig 45 1% Source: Preqin Source: Preqin

Fig. 3: Largest PERE Deals, 2017 - 2018 YTD (As at May 2018) Asset Legal Advisor(s) Deal Size (mn) Logicor Clifford Chance, Simpson Thacher & Bartlett 12,250 EUR Monogram Residential Trust Jones Day, Goodwin 3,000 USD Fidal, PwC Legal, Wargny Katz et Associés, White & Case, De Pardieu Brocas Maffei, Coeur Défense 1,720 EUR EY Legal, Franklin, Lasaygues & Associés Netherlands, Retail Portfolio Deloitte, Houthoff Buruma, NautaDutilh, Loyens & Loeff 1,600 EUR 20 Fenchurch Street Mayer Brown, BLP, CMS Cameron McKenna Nabarro Olswang 1,280 GBP The Leadenhall Building Berwin Leighton Paisner, Herbert Smith Freehills, Mayer Brown 1,150 GBP Germany, Industrial Portfolio Jones Day 1,280 EUR Sony Center Freshfields Bruckhaus Deringer, Greenberg Traurig, P+P Pöllath + Partners, PwC Legal 1,100 EUR Ballantyne Corporate Park Nelson Mullins, Simpson Thacher & Bartlett, Troutman Sanders 1,200 USD European Logistics Portfolio Goodwin 1,000 EUR

Source: Preqin

Fig. 4: Law Firms by Number of Single-Asset PERE Deals, Fig. 5: Law Firms by Number of Portfolio PERE Deals, 2017 - 2018 YTD (As at May 2018) 2017 - 2018 YTD (As at May 2018)

50 48 5% Proportion of Single-Asset 18 17 7% Proportion of Portfolio 40 40 16 6% 40 35 4% 14 13 34 12 5% 12 Deals 28 Deals 30 26 3% 10 9 4% 22 8 8 7 7 7 20 18 2% 6 3% 16 6 5 2% 10 1% 4 No. of Portfolio Deals 2 1% No. of Single-Asset Deals 0 0% 0 0% Dentons Dentons DLA Piper PwC Legal DLA Piper Simmons PwC Legal Freehills Simmons & Van Doorne HerbertSmith Loyens & Loeff Loyens & Loeff Clifford Chance Clifford Chance GSK Stockmann Drees & Sommer Houthoff Buruma CMSHasche Sigle Houthoff Buruma GreenbergTraurig GreenbergTraurig No. of Single-Asset Deals Proportion of Single-Asset Deals No. of Portfolio Deals Proportion of Portfolio Deals

Source: Preqin Source: Preqin

Fig. 6: Prominent Law Firms* Involved in PERE Deals by Asset Location, 2017 - 2018 YTD (As at May 2018) North America Europe Asia & Rest of World Sklar Kirsh Clifford Chance Herbert Smith Freehills DLA Piper PwC Legal Clayton UTZ Jackson Walker Loyens & Loeff Arnold Bloch Leibler Stewart & Bonnet CMS Hasche Sigle HauckSchuchardt Goodwin Dentons PwC Legal King & Spalding Houthoff Buruma SMNG Rechtsanwaltsgesellschaft mbH Cole Schotz DLA Piper - Duval & Stachenfeld GSK Stockmann - Olshan Grundman Frome Rosenzweig & Wolosky Van Doorne - Simpson Thacher & Bartlett Greenberg Traurig - Nelson Mullins - -

Source: Preqin

Fig. 7: Prominent Law Firms* Involved in PERE Deals by Deal Size, 2017 - 2018 YTD (As at May 2018) Less than $50mn $50-99mn $100-249mn $250-500mn $500-999mn $1bn or More Simpson Thacher Houthoff Buruma PwC Legal Clifford Chance Cheuvreux Notaires Jones Day & Bartlett Van Doorne Dentons Dentons Clifford Chance DLA Piper Jones Day Freshfields Loyens & Loeff Loyens & Loeff PwC Legal Addleshaw Goddard Goodwin Bruckhaus Deringer Chiomenti Dentons Greenberg Traurig Loyens & Loeff Dentons PwC Legal Studio Legale DLA Piper Clifford Chance DLA Piper Lovells Greenberg Traurig Mayer Brown Sklar Kirsh White & Case Greenberg Traurig Norton Rose Fulbright Clifford Chance Clifford Chance Wargny Katz Wargny Katz NautaDutilh DLA Piper Allen & Overy Brown Rudnick et Associés et Associés CMS Cameron De Pardieu De Pardieu Norton Rose Fulbright NautaDutilh Deloitte McKenna Nabarro Brocas Maffei Brocas Maffei Olswang Freshfields Jackson Walker Houthoff Buruma Eversheds Sutherland Gide Loyrette Nouel Fidal Bruckhaus Deringer Stewart & Bonnet Lovells Linklaters FAIRWAY King & Spalding EY Legal - - - Fidal - White & Case - - - - - Lasaygues & Associés - - - - - Franklin

Source: Preqin

Fig. 8: Prominent Law Firms* Involved in PERE Deals by Asset Type, 2017 - 2018 YTD (As at May 2018) Office Residential Retail Industrial Mixed Use Hotel Land Simmons & Clifford Chance Dentons DLA Piper Van Doorne GSK Stockmann Noerr LLP Simmons Jung & Schleicher CMS Hasche Sigle Houthoff Buruma Houthoff Buruma PwC Legal Drees & Sommer Clifford Chance Rechtsanwalte Rotthege PwC Legal PwC Legal Clifford Chance Loyens & Loeff King & Spalding PwC Legal Wassermann Loyens & Loeff Goodwin PwC Legal EY Legal Dentons CMS Hasche Sigle Wagensonner Houthoff Buruma Loyens & Loeff DLA Piper Van Doorne DLA Piper Jones Day HEUSSEN

Source: Preqin

We hope that you find the data in this report useful and welcome any feedback you may have.

If you would like to learn more about the methodology used or share data for our future reports, please contact [email protected] or get in touch with your account manager.

*Unless otherwise noted, firms are included in tables based on number of known deals advised on within the given criteria. In the event of a tie, firms with the same number of known deals are ranked according to the deals’ aggregate value. If you would like to learn more about the methodology used or share data for our future reports, please contact [email protected].