Herbert Smith Freehills Kramer LLP

Leveraging its deep-rooted firmwide institutional ties with a high proportion of FTSE-listed corporates, Herbert Smith Freehills Kramer LLP is best-known for its borrower work. This includes advice across the full scope of their ongoing debt finance needs, including in the context of revolving credit facilities and strategic M&A, both of which often involve banking syndicates. Kristen Roberts, who oversees the firm’s well-received annual corporate debt and treasury report it produces in collaboration with the Association of Corporate Treasurers (ACT), has deep insight into market trends ensuring he is very well-placed to advise corporates on their debt and treasury needs, including identifying arbitrage opportunities. ‘Very strategic’ US-qualified partner Gabrielle Wong has a focus on advising corporates on New York-law governed financing terms, and is pivotal to the firm’s success advising on finance structures to borrowers in the music and royalty space. On the lender front, the team is best-known for its emerging markets work, particularly in the context of multi-sourced financings, as well as for banks funding reserve-based lending transactions in the oil and gas sector. William Breeze co-heads the team alongside Wong and Roberts.