The Legal 500 Recommends 2009 Edition

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The Legal 500 recommends

Morrison & Foerster (UK) LLP

2009 edition Morrison & Foerster (UK) LLP

Morrison & Foerster (UK) LLP

This PDF is an extract of the full recommendations for the firm in the 2009 edition of The UK Legal 500.

The attached pages contain all the recommendations for the firm. This document relates to your firm only, to see how your firm has performed against your peers and our full editorial analysis please go to www.legal500.com or refer to the printed book.

Foreign Firms

US firms in London

Leading US lawyers at US law firms in London | Dual US/UK law capability - 51-100 fee-earners

London

Corporate and commercial

Flotations - small and mid-cap | M&A - lower mid-market deals, £50m-£250m | Outsourcing and procurement | Venture capital

Dispute resolution

Commercial litigation

Finance

Debt capital markets | Derivatives and structured products

TMT (technology, media and telecoms)

IT and telecoms | Pharmaceuticals and biotechnology

©Legalease 2009 US FIRMS IN LONDON Overview

Leading US lawyers at US law firms in London Camille Abousleiman Dewey & LeBoeuf Corporate finance George Barboutis Dewey & LeBoeuf Corporate finance Brian Bates Morrison & Foerster (UK) LLP Corporate finance Mark Bergman Paul, Weiss, Rifkind, Wharton & Garrison LLP Corporate finance Philip Boeckman Cravath, Swaine & Moore LLP Corporate finance Gary Born Wilmer Cutler Pickering Hale and Dorr LLP Arbitration Ian Clark Latham & Watkins Corporate finance Gregory Conway Simpson Thacher & Bartlett LLP Corporate finance Phillip Fletcher Milbank, Tweed, Hadley & McCloy LLP Project finance Pamela Gibson Shearman & Sterling LLP Corporate finance James Kiernan Debevoise & Plimpton LLP Corporate finance Paul Kumleben Davis Polk & Wardwell Corporate finance James Learner Kirkland & Ellis International LLP Corporate finance William Plapinger Sullivan & Cromwell LLP Corporate finance Ashar Qureshi Cleary Gottlieb Steen & Hamilton LLP Corporate finance Barry Russell Bingham McCutchen (London) LLP Banking and finance Glen Scarcliffe Cleary Gottlieb Steen & Hamilton LLP Corporate finance Kenneth Schiff Weil, Gotshal & Manges Corporate finance Scott Simpson Skadden, Arps, Slate, Meagher & Flom (UK) LLP Corporate finance

Firms are listed A-Z within tiers

©Legalease 2009 US FIRMS IN LONDON Dual US/UK law capability - 51-100 fee-earners

Dual US/UK law capability - 51-100 fee-earners Cadwalader, Wickersham & Taft LLP Cleary Gottlieb Steen & Hamilton LLP Debevoise & Plimpton LLP Gibson, Dunn & Crutcher LLP Hogan & Hartson Kirkland & Ellis International LLP McDermott Will & Emery UK LLP Milbank, Tweed, Hadley & McCloy LLP Morrison & Foerster (UK) LLP Orrick, Herrington & Sutcliffe Wilmer Cutler Pickering Hale and Dorr LLP

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Milbank, Tweed, Hadley & McCloy LLP’s London practice is praised particularly for its track record in capital markets and project finance. Highlights include landing a lead role on the estimated £2bn sale of Abbey’s train-leasing division, Porterbrook, to a consortium led by Deutsche Bank, which was one of the largest leveraged acquisitions of 2008. The firm bolstered its London dispute resolution team with the arrival of Julian Stait from DLA Piper UK LLP. Originally from San Francisco, Morrison & Foerster (UK) LLP has been in London since 1980. It advises both publicly traded and privately held companies in connection with M&A, TMT, biotech, outsourcing and financial services. Life sciences expert James Halstead was elected to the partnership in January 2009, one of only ten made by the firm in 2009. Orrick, Herrington & Sutcliffe has recruited seven new partners in 2008 and 2009, with five arriving from Heller Ehrman, including venture capital partners Richard Eaton, Chris Grew and Struan Penwarden. The London team’s expertise spans insolvency, finance and M&A.

©Legalease 2009 CORPORATE AND COMMERCIAL Flotations - small and mid-cap

Flotations - small and mid-cap BERWIN LEIGHTON PAISNER LLP NORTON ROSE LLP

ASHURST LLP CHARLES RUSSELL LLP DLA PIPER UK LLP EVERSHEDS LLP FIELD FISHER WATERHOUSE LLP HUNTON & WILLIAMS JONES DAY LG MEMERY CRYSTAL LLP NABARRO LLP OLSWANG PINSENT MASONS LLP SIMMONS & SIMMONS STEPHENSON HARWOOD TRAVERS SMITH LLP Addleshaw Goddard LLP Beachcroft LLP Bircham Dyson Bell LLP Bird & Bird LLP Burges Salmon LLP Bristol CMS Cameron McKenna LLP Clyde & Co LLP Cobbetts LLP Dechert LLP Denton Wilde Sapte LLP Fasken Martineau LLP Finers Stephens Innocent LLP Fladgate LLP Gibson, Dunn & Crutcher LLP Halliwells Hammonds LLP Howard Kennedy K&L Gates Macfarlanes LLP Marriott Harrison Mayer Brown International LLP Mishcon de Reya Morrison & Foerster (UK) LLP Orrick, Herrington & Sutcliffe Osborne Clarke Rosenblatt Solicitors SJ Berwin LLP Salans Shepherd and Wedderburn Speechly Bircham LLP Taylor Wessing LLP Watson, Farley & Williams LLP

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Mishcon de Reya advised ACP Mezzanine on its €80m secondary fundraising, while other clients include Cubus Lux and Metric Group. Ross Bryson is recommended. Led by Paul Claydon, Morrison & Foerster (UK) LLP advised BHK on its £2m AIM IPO. Ed Lukins is also recommended. Orrick, Herrington & Sutcliffe’s practice is now led by Hilary Winter, who joined from Jones Day. Richard Eaton is also recommended.

©Legalease 2009 CORPORATE AND COMMERCIAL M&A - lower mid-marketdeals, £50m-£250m

M&A - lower mid-market deals, £50m-£250m EVERSHEDS LLP HAMMONDS LLP OSBORNE CLARKE PINSENT MASONS LLP DECHERT LLP DEWEY & LEBOEUF McDERMOTT WILL & EMERY UK LLP NABARRO LLP OLSWANG REED SMITH TAYLOR WESSING LLP WRAGGE & CO LLP Barlow Lyde & Gilbert LLP Bird & Bird LLP Field Fisher Waterhouse LLP LG Lewis Silkin LLP Mishcon de Reya Reynolds Porter Chamberlain LLP Stephenson Harwood Trowers & Hamlins LLP Clyde & Co LLP K&L Gates Dickson Minto WS Morrison & Foerster (UK) LLP Dundas & Wilson LLP Orrick, Herrington & Sutcliffe Gibson, Dunn & Crutcher LLP Salans Holman Fenwick Willan LLP Watson, Farley & Williams LLP Akin Gump Strauss Hauer & Feld Chadbourne & Parke MNP Arnold & Porter (UK) LLP Steptoe & Johnson Baker Botts (UK) LLP Milbank, Tweed, Hadley & McCloy LLP Bingham McCutchen (London) LLP O’Melveny & Myers LLP Dorsey & Whitney Paul, Hastings, Janofsky & Walker (Europe) LLP Fried, Frank, Harris, Shriver & Jacobson(London) LLP Wilmer Cutler Pickering Hale and Dorr LLP

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International deals up to £100m remain the sweet spot for Kevin Dean’s 16-partner UK corporate group at K&L Gates. Clients declare themselves ‘well satisfied’ with its service, highlighting ‘impressive bench strength’. Jeremy Davis is a ‘good communicator’. Morrison & Foerster (UK) LLP’s six-partner corporate group is best known for technology and healthcare sector work and, increasingly, natural resources. Paul Claydon heads the team, which includes James Gubbins and Natalie Diep. One of its largest recent deals was Claydon’s advice to Acambis on its £276m recommended takeover by Sanofi-Aventis. Orrick, Herrington & Sutcliffe’s ‘top-rate’ London M&A capability has grown fast in the last two years and can now call on the skills of five UK-qualified and three US-qualified partners. The practice attains ‘the highest possible standard on all counts and is a pleasure to work’. The arrival of Hilary Winter in early 2008 has added public company expertise, and clients attest that Dean Poster is ‘one of the best lawyers we have ever encountered’.

©Legalease 2009 CORPORATE AND COMMERCIAL Outsourcing and procurement

Outsourcing and procurement BAKER & McKENZIE LLP BIRD & BIRD LLP DLA PIPER UK LLP FIELD FISHER WATERHOUSE LLP PINSENT MASONS LLP ALLEN & OVERY LLP HERBERT SMITH LLP LATHAM & WATKINS MAYER BROWN INTERNATIONAL LLP MILBANK, TWEED, HADLEY & McCLOY LLP MORRISON & FOERSTER (UK) LLP Addleshaw Goddard LLP Berwin Leighton Paisner LLP Bristows Burges Salmon LLP CMS Cameron McKenna LLP Clifford Chance Denton Wilde Sapte LLP Eversheds LLP Freshfields Bruckhaus Deringer LLP Hunton & Williams Kemp Little LLP Linklaters LLP Lovells LLP Nabarro LLP Norton Rose LLP Olswang Slaughter and May Stephenson Harwood Taylor Wessing LLP

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Milbank, Tweed, Hadley & McCloy LLP has a strong outsourcing practice led by Laurence Jacobs, who has ‘unbeatable experience and knows just what makes a particular strategy successful’, and has recently worked with the NHS, Reed Elsevier, Invensys and ProSieben. Other notable recent work includes asset management outsourcing advice for JPMorgan, Citibank and Mellon. Sean Keaton advised AstraZeneca on its global applications maintenance outsourcing, and is ‘always able to provide top-quality service and a personable approach’. Morrison & Foerster (UK) LLP has ‘an amazing team of lawyers’ in its outsourcing group. Alistair Maughan chairs the global practice, and is ‘among the elite in his particular discipline’. The group recently advised HMRC on its £80m outsourcing contract with CapGemini and continues to do significant supplier-side work as a member of the TCS panel. Jon Edgell is recommended, and recently advised Lloyds TSB and new client Investec. For public procurement work, Addleshaw Goddard LLP is ‘a cut above the rest’. The team, led by Manchester-based consultant Garth Lindrup, acted for the Department of Health, the MoD, and the NHS in 2008. Margaret Harvey leads the outsourcing practice.

©Legalease 2009 CORPORATE AND COMMERCIAL Venture capital

Venture capital OSBORNE CLARKE SJ BERWIN LLP TAYLOR WESSING LLP Berwin Leighton Paisner LLP Bird & Bird LLP Brown Rudnick Berlack Israels LLP Harbottle & Lewis LLP Morrison & Foerster LLP Nabarro LLP Olswang Orrick, Herrington & Sutcliffe Addleshaw Goddard LLP Arnold & Porter (UK) LLP CMS Cameron McKenna LLP Covington & Burling LLP Dorsey & Whitney Field Fisher Waterhouse LLP Hogan & Hartson Jones Day Kemp Little LLP Marriott Harrison Speechly Bircham LLP Wilmer Cutler Pickering Hale and Dorr LLP Winston & Strawn London Wragge & Co LLP

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Praised for its ‘excellent knowledge and industry understanding’, Harbottle & Lewis LLP mainly advises growth companies and entrepreneurs in media, entertainment and technology, but in 2008 it continued to build its investor client base, adding Hemisphere Capital to existing clients Atomico and London Seed Capital. Morrison & Foerster LLP, a major player in the VC arena globally with a strong focus on biotechnology, offers a full service from venture funding to exits. ‘Highly recommended’ partner Paul Claydon had an active 2008, closing notable deals for Plethora Solutions Holdings, Hunter-Fleming and Piramed. Nabarro LLP advises various active investors, notably Balderton Capital and Accel. In 2008 it advised the latter on a US$16.8m investment in Playfish. Andrew Wigfall and Andrew Inkester are recommended.

©Legalease 2009 DISPUTE RESOLUTION Commercial litigation

Commercial litigation CLIFFORD CHANCE FRESHFIELDS BRUCKHAUS DERINGER LLP HERBERT SMITH LLP ALLEN & OVERY LLP LOVELLS LLP

ASHURST LLP LINKLATERS LLP SLAUGHTER AND MAY BARLOW LYDE & GILBERT LLP REED SMITH CMS CAMERON McKENNA LLP SJ BERWIN LLP CLYDE & CO LLP SIMMONS & SIMMONS MAYER BROWN INTERNATIONAL LLP STEPHENSON HARWOOD NORTON ROSE LLP ADDLESHAW GODDARD LLP EVERSHEDS LLP BAKER & McKENZIE LLP INCE & CO BERWIN LEIGHTON PAISNER LLP NABARRO LLP DLA PIPER UK LLP TAYLOR WESSING LLP DENTON WILDE SAPTE LLP WHITE & CASE LLP Bird & Bird LLP LG Davies Arnold Cooper LLP Latham & Watkins Debevoise & Plimpton LLP Macfarlanes LLP Dewey & LeBoeuf Mishcon de Reya Edwards Angell Palmer & Dodge UK LLP Olswang Field Fisher Waterhouse LLP Pinsent Masons LLP Holman Fenwick Willan LLP Reynolds Porter Chamberlain LLP Jones Day Travers Smith LLP K&L Gates Watson, Farley & Williams LLP Byrne and Partners Morgan Lewis Charles Russell LLP Peters & Peters Dechert LLP Shearman & Sterling LLP Dorsey & Whitney Speechly Bircham LLP Hammonds LLP Steptoe & Johnson Lewis Silkin LLP Weil, Gotshal & Manges Manches LLP Wragge & Co LLP McDermott Will & Emery UK LLP Blake Lapthorn Irwin Mitchell LLP Bristows Kingsley Napley Bryan Cave Masseys LLP Covington & Burling LLP Memery Crystal LLP Dawsons LLP Middleton Potts Edwin Coe LLP Morrison & Foerster (UK) LLP Farrer & Co Osborne Clarke Finers Stephens Innocent LLP Paul, Hastings, Janofsky & Walker (Europe) LLP Fladgate LLP Payne Hicks Beach Fox Williams LLP Penningtons Solicitors LLP Gibson, Dunn & Crutcher LLP Pritchard Englefield Gide Loyrette Nouel LLP Rosenblatt Solicitors Harbottle & Lewis LLP Salans Hogan & Hartson Shadbolt LLP Howard Kennedy

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Debt capital markets ALLEN & OVERY LLP LINKLATERS LLP

CLIFFORD CHANCE FRESHFIELDS BRUCKHAUS DERINGER LLP

Ashurst LLP Cleary Gottlieb Steen & Hamilton LLP Slaughter and May White & Case LLP Baker & McKenzie LLP Sidley Austin LLP Herbert Smith LLP Simmons & Simmons Lovells LLP Skadden, Arps, Slate, Meagher & Flom (UK) LLP Norton Rose LLP CMS Cameron McKenna LLP Gide Loyrette Nouel LLP Denton Wilde Sapte LLP Latham & Watkins Dewey & Leboeuf Arnold & Porter (UK) LLP K&L Gates Berwin Leighton Paisner LLP Mayer Brown International LLP Cravath, Swaine & Moore LLP Morrison & Foerster (UK) LLP Jones Day Weil, Gotshal & Manges

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Mayer Brown International LLP’s Drew Salvest advised Technikabank on the first international offering by an Azerbaijani issuer. The team is noted for its responsiveness, with the ‘personable, polite, calm and good humoured’ John Taylor standing out. Strong bank connections feed Morrison & Foerster (UK) LLP London office, which also has an active debt trading practice for commercial loans and distressed debt. Weil, Gotshal & Manges recently advised Willis Group on the private placement of US$500m senior notes.

Derivatives and structured products ALLEN & OVERY LLP CLIFFORD CHANCE LINKLATERS LLP Ashurst LLP Simmons & Simmons

Baker & McKenzie LLP Freshfields Bruckhaus Deringer LLP Mayer Brown International LLP Norton Rose LLP Shearman & Sterling LLP Sidley Austin LLP Slaughter and May White & Case LLP Berwin Leighton Paisner LLP Field Fisher Waterhouse LLP CMS Cameron McKenna LLP Gide Loyrette Nouel LLP Denton Wilde Sapte LLP Lovells LLP Dewey & Leboeuf Morrison & Foerster (UK) LLP Bryan Cave Milbank, Tweed, Hadley & McCloy LLP Burges Salmon LLP Bristol Olswang Eversheds LLP Orrick, Herrington & Sutcliffe Herbert Smith LLP Reed Smith Jones Day SJ Berwin LLP McDermott Will & Emery UK LLP

Firms are listed A-Z within tiers

Lovells LLP’s focus on trustee work has been a boon, bringing in a number of long-term restructuring deals. David Hudd is widely acclaimed as a leading derivatives expert, and he and James Doyle are known for structured derivatives and SIV work. Peter Green and Jeremy Jennings-Mares at Morrison & Foerster (UK) LLP have assisted over 25 banks with exposure to Lehman Brothers, unwinding CDOs and swap positions. Structured equity, credit and fund-linked deals are key strengths. At Bryan Cave, Martha Collins Rolle’s ‘advice is practical and easy to interpret’. Clients praise her willingness to find creative solutions, and value the experience Stephen Ball gained in derivatives disputes at Bankers Trust and Nomura.

IT and telecoms BAKER & McKENZIE LLP BIRD & BIRD LLP DLA PIPER UK LLP FIELD FISHER WATERHOUSE LLP OLSWANG ALLEN & OVERY LLP BERWIN LEIGHTON PAISNER LLP CLIFFORD CHANCE DENTON WILDE SAPTE LLP HERBERT SMITH LLP KEMP LITTLE LLP LATHAM & WATKINS LINKLATERS LLP LOVELLS LLP MAYER BROWN INTERNATIONAL LLP MORRISON & FOERSTER (UK) LLP PINSENT MASONS LLP TAYLOR WESSING LLP Addleshaw Goddard LLP Bristows CMS Cameron McKenna LLP Freshfields Bruckhaus Deringer LLP Milbank, Tweed, Hadley & McCloy LLP Norton Rose LLP Osborne Clarke Simmons & Simmons Technology Law Alliance Wragge & Co LLP Arnold & Porter (UK) LLP McGrigors LLP Ashurst LLP Nabarro LLP Barlow Lyde & Gilbert LLP Reynolds Porter Chamberlain LLP Beachcroft LLP SJ Berwin LLP Blake Lapthorn Slaughter and May Charles Russell LLP Speechly Bircham LLP Eversheds LLP Stephenson Harwood Harbottle & Lewis LLP Towerhouse Consulting Hunton & Williams Travers Smith LLP Jones Day White & Case LLP LG

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Global IT and telecoms outsourcing remains a specialism of the London team at Mayer Brown International LLP. 2008 saw it advise AT&T on multibillion-dollar telecoms outsourcing deals with Shell and IBM. Peter Dickinson, who heads the telecoms practice, advised on both deals, as well as handling complex supplier-side regulatory mandates. A ‘first-class’ provider of ‘high-quality work’, outsourcing head Mark Prinsley led the firm’s activity in the international ITO space, and also handled some notable large-scale technology advisory work. ‘A distinctly competent and trustworthy lawyer’, technology transactions group head Alistair Maughan continues to build a strong reputation at Morrison & Foerster (UK) LLP, particularly for acting on user-side IT outsourcing deals for leading banks and, notably, for HMRC. However, the team has depth: the ‘brilliant’ Jon Edgell was crucial to securing the reappointment to the Lloyds TSB panel and attracting new instructions from Investec, while Chris Coulter acted for Odeon UCI, and David Skinner advises both user and supplier-side clients. Pinsent Masons LLP has ‘a sophisticated and dedicated’ team and an outstanding reputation for acting on IT transactions in the public and financial services sectors. In 2008, it also acted for supplier-side clients such as Siemens, which it advised on an implementation dispute with a central government department, and Fujitsu in relation to the termination of its contract with the Secretary of State for Health. The ‘very creative’ Clive Seddon heads the group, while Iain Monaghan is recommended for his ITO work in both the public and private sectors. Robert McCallough is a first-class litigator and led on the work with Fujitsu.

Pharmaceuticals and biotechnology ARNOLD & PORTER (UK) LLP BIRD & BIRD LLP SIMMONS & SIMMONS TAYLOR WESSING LLP ALLEN & OVERY LLP BRISTOWS CMS CAMERON McKENNA LLP COVINGTON & BURLING LLP DLA PIPER UK LLP FRESHFIELDS BRUCKHAUS DERINGER LLP HERBERT SMITH LLP LINKLATERS LLP LOVELLS LLP MORRISON & FOERSTER (UK) LLP OLSWANG ROITER ZUCKER SOLICITORS SJ BERWIN LLP WRAGGE & CO LLP Addleshaw Goddard LLP Ashurst LLP Baker & McKenzie LLP Davies Arnold Cooper LLP Fasken Martineau LLP Powell Gilbert LLP Reed Smith Clifford Chance McDermott Will & Emery UK LLP Eversheds LLP Morgan Lewis Field Fisher Waterhouse LLP Norton Rose LLP Howrey LLP Osborne Clarke Latham & Watkins Slaughter and May Mayer Brown International LLP

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Lovells LLP is highly visible on patent work but also has a very broad life sciences practice, including regulatory work through the life cycle of products and clinical trials. John Meltzer’s product liability practice is extremely strong, while Stephen Bennett successfully acted for Eli Lilly in a patent dispute over a chemotherapy drug. Clients say ‘service levels and industry knowledge are excellent’. Morrison & Foerster (UK) LLP has an ‘excellent’ corporate team in the life sciences sector, with a global practice that is strong in the US and Asia. London corporate lawyer James Halstead has been promoted to the partnership, and been seconded to the firm’s Tokyo office to build relationships between its clients and London. Commercial partner Julian Thurston has been advising Singapore-based S*BIO Pte on a development collaboration, while corporate partner James Gubbins has ‘done more deals than anyone’. Olswang is strong in patent litigation - where GSK is a new client win - and also licensing and corporate life science work. Clients praise the firm’s transactional work in the sector. New team head Stephen Reese, who is ‘competent and pragmatic’, and delivers a ‘quick turnaround’ for clients, recently advised Dr Reddy’s Laboratories on commercial IP matters, while Michael Burdon advised Boston Scientific Corp on three substantial patent enforcement matters.