Herbert Smith Freehills Kramer LLP predominantly acts for large multinational banks on high-strategic transactions, though it also advises corporates, funds, and insurance companies on structured financing techniques such as margin loans, credit derivative-based pre-payment triggers, collateralisation terms, and credit insurance policies. The team’s sole partner Nick May is ‘an excellent, reliable and practical lawyer who has the unusual craft of being able to make complex concepts seem understandable’. Clients praise his invaluable industry experience. Nick Rutter provides sound support in advising both banks and non-bank buy-side clients on both OTC and exchange-traded derivatives.