Cravath’s London Office Moves to 100 Cheapside
Capital Markets
Cravath has one of the most respected capital markets practices in the world. We hold a distinctive reputation for devising and executing the innovative, sophisticated deal structures underlying landmark financing transactions, including the first simultaneous cross‑border tender offer, direct listings, high‑profile IPOs and acquisition financings for many of the largest U.S. and cross‑border transactions.
Our practice is balanced between representing issuers and underwriters on debt, equity and hybrid offerings, both domestically and internationally. Cravath’s substantial presence in London, where we have one of the largest contingents of U.S. lawyers in the city, enhances our ability to provide seamless, round‑the‑clock coverage.
We execute complex, cross-border deals issued in multiple currencies, as well as IPOs and other high‑profile transactions for companies ranging from emerging startups to leading multinational corporations in the United States and abroad. Our lawyers have led offerings in a broad range of industries and we also regularly advise on SEC‑registered and Rule 144A offerings by sovereign and supranational entities.
Our U.S. and foreign private issuer clients rely on Cravath’s expertise to resolve their most challenging issues before the SEC, including on difficult accounting or other disclosure matters, as well as potential reporting and compliance issues. Cravath lawyers maintain strong relationships with members of the SEC staff and our representation includes alerting our clients to newly enacted U.S. securities laws and SEC and exchange rules and regulations, as well as advising them with respect to compliance with these requirements. We also counsel clients on how U.S. securities laws and regulations interact with evolving areas such as crypto and data privacy.
Our lawyers’ ability to execute all offering types, our client-targeted expertise and our commercial understanding of business situations are highly recommended by clients and peers:
- “Clear leaders in the market, [Cravath] presents the complete package for clients: ‘They know how to move a deal along, and they know the SEC.’” Chambers
- “They are a perennial leader in capital markets transactions in Europe.” Chambers
- “Cravath runs a top-notch U.S. securities practice from its London office and is involved in some of the largest transactions in the U.S. and global equity capital markets.” The Legal 500
- “Cravath has served as one of our primary outside counsels for over 20 years. They’ve helped us in a variety of different matters and transactions including an IPO, secondary equity offerings, and, more recently, a 144A debt offering. I would say that the firm in general, but specifically the capital markets team, provides the highest quality legal services that I think we get from any outside counsel. I’ve found their work to be uniformly excellent. They get some of the brightest people, they have a pretty broad range of expertise, and the quality of the lawyers is uniformly high. They’re very responsive and I think they really meet the client’s needs in pretty much all facets.” IFLR1000
- “They collaborate seamlessly to ensure they deliver their firm’s absolute best on every client matter.” Chambers
- “Absolutely outstanding. Deep technical expertise combined with wide sector knowledge and unbelievable commitment.” IFLR1000
- “Excellent lawyers technically and creative problem-solvers” who are “regularly sought for advice on complex or esoteric capital markets issues.” Chambers
- Cravath is “the best at anticipating and answering our changing legal needs.” Chambers
- “There’s Cravath and then there’s everyone else.” The Legal 500
Our practice is balanced between representing issuers and underwriters on debt, equity and hybrid offerings, both domestically and internationally. Cravath’s substantial presence in London, where we have one of the largest contingents of U.S. lawyers in the city, enhances our ability to provide seamless, round‑the‑clock coverage.
We execute complex, cross-border deals issued in multiple currencies, as well as IPOs and other high‑profile transactions for companies ranging from emerging startups to leading multinational corporations in the United States and abroad. Our lawyers have led offerings in a broad range of industries and we also regularly advise on SEC‑registered and Rule 144A offerings by sovereign and supranational entities.
Our U.S. and foreign private issuer clients rely on Cravath’s expertise to resolve their most challenging issues before the SEC, including on difficult accounting or other disclosure matters, as well as potential reporting and compliance issues. Cravath lawyers maintain strong relationships with members of the SEC staff and our representation includes alerting our clients to newly enacted U.S. securities laws and SEC and exchange rules and regulations, as well as advising them with respect to compliance with these requirements. We also counsel clients on how U.S. securities laws and regulations interact with evolving areas such as crypto and data privacy.
Our lawyers’ ability to execute all offering types, our client-targeted expertise and our commercial understanding of business situations are highly recommended by clients and peers:
- “Clear leaders in the market, [Cravath] presents the complete package for clients: ‘They know how to move a deal along, and they know the SEC.’” Chambers
- “They are a perennial leader in capital markets transactions in Europe.” Chambers
- “Cravath runs a top-notch U.S. securities practice from its London office and is involved in some of the largest transactions in the U.S. and global equity capital markets.” The Legal 500
- “Cravath has served as one of our primary outside counsels for over 20 years. They’ve helped us in a variety of different matters and transactions including an IPO, secondary equity offerings, and, more recently, a 144A debt offering. I would say that the firm in general, but specifically the capital markets team, provides the highest quality legal services that I think we get from any outside counsel. I’ve found their work to be uniformly excellent. They get some of the brightest people, they have a pretty broad range of expertise, and the quality of the lawyers is uniformly high. They’re very responsive and I think they really meet the client’s needs in pretty much all facets.” IFLR1000
- “They collaborate seamlessly to ensure they deliver their firm’s absolute best on every client matter.” Chambers
- “Absolutely outstanding. Deep technical expertise combined with wide sector knowledge and unbelievable commitment.” IFLR1000
- “Excellent lawyers technically and creative problem-solvers” who are “regularly sought for advice on complex or esoteric capital markets issues.” Chambers
- Cravath is “the best at anticipating and answering our changing legal needs.” Chambers
- “There’s Cravath and then there’s everyone else.” The Legal 500
Deals & Cases
May 08, 2025
State Street Corporation’s $2 Billion Registered Senior Notes, Floating Rate Notes and Fixed‑to‑Floating Rate Senior Notes Offering
Cravath represented the underwriters in connection with the $2 billion registered senior notes, floating rate notes and fixed‑to‑floating rate senior notes offering of State Street Corporation, a provider of a broad range of financial products and services to institutional investors worldwide. The transaction closed on April 24, 2025.
Deals & Cases
May 07, 2025
Costamare’s Spin‑Off of Costamare Bulkers
On May 7, 2025, Costamare Inc. (“Costamare”) announced that it has completed the spin‑off of its dry bulk business into a standalone public company, Costamare Bulkers Holdings Limited (“Costamare Bulkers”). Each holder of Costamare common shares received one common share of Costamare Bulkers for every five Costamare common shares held as of the close of business on April 29, 2025. Cravath represented Costamare in connection with the transaction.
Deals & Cases
May 06, 2025
JPMorgan Chase & Co.’s $6 Billion Registered Fixed‑to‑Floating Rate Notes Offering
Cravath represented the underwriters in connection with the $6 billion registered fixed‑to‑floating rate notes offering of JPMorgan Chase & Co., a leading global financial services firm. The transaction closed on April 22, 2025.
Deals & Cases
May 02, 2025
Keysight Technologies, Inc.’s Registered Debt Offering
Cravath represented the underwriters in connection with the $750 million registered debt offering of Keysight Technologies, Inc., a global leader in high value, mission critical electronic design and test solutions based on sales of tools and software used by engineers to design and optimize electronic products across various industries. The transaction closed on April 17, 2025.
Deals & Cases
April 17, 2025
LPL Financial Holdings Inc.’s $1.73 Billion Registered Common Stock Offering and Concurrent $1.5 Billion Senior Notes Offering
Cravath represented the underwriters in connection with the $1.73 billion registered common stock offering of LPL Financial Holdings Inc. (“LPL”), a holding company which, through its securities brokerage, offers investment advisory services and insurance brokerage services. Cravath also represented the underwriters in connection with LPL’s concurrent $1.5 billion senior notes offering. Proceeds of the offerings will be used to partially finance LPL’s acquisition of Commonwealth Financial Network. The transactions closed on April 2, 2025, and April 3, 2025, respectively.
Activities
April 21, 2025
Three Cravath Partners Featured in Vault’s 2025 Guide to Legal Practice Areas
Cravath partners C. Daniel Haaren, Bethany A. Pfalzgraf and Noah Joshua Phillips were featured in the 2025 edition of “Practice Perspectives: Vault’s Guide to Legal Practice Areas,” which highlights the experiences of practicing lawyers in more than 20 different areas of the law and is published annually.
Activities
April 07, 2025
Cravath Wins IFLR Europe 2025 “Loan Deal of the Year” Award for its Role in Financing TDR Capital and I Squared Capital’s Acquisition of Applus
On April 3, 2025, IFLR honored Cravath as an advisor of the “Loan Deal of the Year” at the publication’s 2025 Europe Awards, in connection with the Firm’s representation of the lead arrangers and initial purchasers in the financing for TDR Capital and I Squared Capital’s €1.9 billion acquisition of Applus. In announcing the award, IFLR highlighted the “bespoke innovative English law financing arrangements” involved in the deal as well as the nine global jurisdictions it spanned. The publication also noted how “the deal teams navigated untested regulatory and other deal‑specific requirements that contained a number of firsts in the Spanish market.”
Activities
April 01, 2025
India Business Law Journal Names Philip Boeckman to its 2025 International A‑List
On March 31, 2025, Cravath partner Philip J. Boeckman was named for the fourth consecutive year to India Business Law Journal’s 2025 “International A‑List.” The list recognizes lawyers who are “indispensable advisers on India‑related matters, bridging jurisdictions and driving transactions and disputes that fuel India’s engagement with the world,” as nominated primarily by lawyers at Indian law firms.
Activities
March 25, 2025
Ellen Park Moderates Session at INTA’s 2025 “New York Workshop: Integrating Intellectual Property, Finance and Valuation”
On March 19, 2025, Cravath of counsel Ellen H. Park participated in the International Trademark Association (INTA)’s “New York Workshop: Integrating Intellectual Property, Finance and Valuation.” The event convened professionals in finance, law, technology, business and other related industries to discuss global trends in IP valuation and how to grow and manage intangible assets. Ellen moderated a session entitled “The 2025 Macroeconomic Outlook for Mergers and Acquisitions and Capital Markets,” which reviewed key economic indicators and their anticipated impact on the M&A landscape, as well as guidance for IP professionals involved in M&A or capital markets on how to effectively navigate the dynamic economic environment.
Activities
March 20, 2025
Law360 Selects Seven Cravath Partners for 2025 Editorial Advisory Boards
Seven Cravath partners were selected to serve on Law360’s 2025 Editorial Advisory Boards: Wes Earnhardt (Media & Entertainment), Brittany L. Sukiennik (Trials), Douglas Dolan (Capital Markets), Arvind Ravichandran (Tax Authority International), Jeffrey T. Dinwoodie (Banking), Adam M. Sanchez (Private Equity) and Benjamin G. Joseloff (International Trade). As Editorial Advisory Board members, they will provide feedback on Law360’s coverage and expert insight on how best to shape future coverage.
Deals & Cases
May 08, 2025
State Street Corporation’s $2 Billion Registered Senior Notes, Floating Rate Notes and Fixed‑to‑Floating Rate Senior Notes Offering
Cravath represented the underwriters in connection with the $2 billion registered senior notes, floating rate notes and fixed‑to‑floating rate senior notes offering of State Street Corporation, a provider of a broad range of financial products and services to institutional investors worldwide. The transaction closed on April 24, 2025.
Deals & Cases
May 07, 2025
Costamare’s Spin‑Off of Costamare Bulkers
On May 7, 2025, Costamare Inc. (“Costamare”) announced that it has completed the spin‑off of its dry bulk business into a standalone public company, Costamare Bulkers Holdings Limited (“Costamare Bulkers”). Each holder of Costamare common shares received one common share of Costamare Bulkers for every five Costamare common shares held as of the close of business on April 29, 2025. Cravath represented Costamare in connection with the transaction.
Deals & Cases
May 06, 2025
JPMorgan Chase & Co.’s $6 Billion Registered Fixed‑to‑Floating Rate Notes Offering
Cravath represented the underwriters in connection with the $6 billion registered fixed‑to‑floating rate notes offering of JPMorgan Chase & Co., a leading global financial services firm. The transaction closed on April 22, 2025.
Deals & Cases
May 02, 2025
Keysight Technologies, Inc.’s Registered Debt Offering
Cravath represented the underwriters in connection with the $750 million registered debt offering of Keysight Technologies, Inc., a global leader in high value, mission critical electronic design and test solutions based on sales of tools and software used by engineers to design and optimize electronic products across various industries. The transaction closed on April 17, 2025.
Deals & Cases
April 17, 2025
LPL Financial Holdings Inc.’s $1.73 Billion Registered Common Stock Offering and Concurrent $1.5 Billion Senior Notes Offering
Cravath represented the underwriters in connection with the $1.73 billion registered common stock offering of LPL Financial Holdings Inc. (“LPL”), a holding company which, through its securities brokerage, offers investment advisory services and insurance brokerage services. Cravath also represented the underwriters in connection with LPL’s concurrent $1.5 billion senior notes offering. Proceeds of the offerings will be used to partially finance LPL’s acquisition of Commonwealth Financial Network. The transactions closed on April 2, 2025, and April 3, 2025, respectively.
Activities
April 21, 2025
Three Cravath Partners Featured in Vault’s 2025 Guide to Legal Practice Areas
Cravath partners C. Daniel Haaren, Bethany A. Pfalzgraf and Noah Joshua Phillips were featured in the 2025 edition of “Practice Perspectives: Vault’s Guide to Legal Practice Areas,” which highlights the experiences of practicing lawyers in more than 20 different areas of the law and is published annually.
Activities
April 07, 2025
Cravath Wins IFLR Europe 2025 “Loan Deal of the Year” Award for its Role in Financing TDR Capital and I Squared Capital’s Acquisition of Applus
On April 3, 2025, IFLR honored Cravath as an advisor of the “Loan Deal of the Year” at the publication’s 2025 Europe Awards, in connection with the Firm’s representation of the lead arrangers and initial purchasers in the financing for TDR Capital and I Squared Capital’s €1.9 billion acquisition of Applus. In announcing the award, IFLR highlighted the “bespoke innovative English law financing arrangements” involved in the deal as well as the nine global jurisdictions it spanned. The publication also noted how “the deal teams navigated untested regulatory and other deal‑specific requirements that contained a number of firsts in the Spanish market.”
Activities
April 01, 2025
India Business Law Journal Names Philip Boeckman to its 2025 International A‑List
On March 31, 2025, Cravath partner Philip J. Boeckman was named for the fourth consecutive year to India Business Law Journal’s 2025 “International A‑List.” The list recognizes lawyers who are “indispensable advisers on India‑related matters, bridging jurisdictions and driving transactions and disputes that fuel India’s engagement with the world,” as nominated primarily by lawyers at Indian law firms.
Activities
March 25, 2025
Ellen Park Moderates Session at INTA’s 2025 “New York Workshop: Integrating Intellectual Property, Finance and Valuation”
On March 19, 2025, Cravath of counsel Ellen H. Park participated in the International Trademark Association (INTA)’s “New York Workshop: Integrating Intellectual Property, Finance and Valuation.” The event convened professionals in finance, law, technology, business and other related industries to discuss global trends in IP valuation and how to grow and manage intangible assets. Ellen moderated a session entitled “The 2025 Macroeconomic Outlook for Mergers and Acquisitions and Capital Markets,” which reviewed key economic indicators and their anticipated impact on the M&A landscape, as well as guidance for IP professionals involved in M&A or capital markets on how to effectively navigate the dynamic economic environment.
Activities
March 20, 2025
Law360 Selects Seven Cravath Partners for 2025 Editorial Advisory Boards
Seven Cravath partners were selected to serve on Law360’s 2025 Editorial Advisory Boards: Wes Earnhardt (Media & Entertainment), Brittany L. Sukiennik (Trials), Douglas Dolan (Capital Markets), Arvind Ravichandran (Tax Authority International), Jeffrey T. Dinwoodie (Banking), Adam M. Sanchez (Private Equity) and Benjamin G. Joseloff (International Trade). As Editorial Advisory Board members, they will provide feedback on Law360’s coverage and expert insight on how best to shape future coverage.
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