Global law firm White & Case LLP has increased its high yield capabilities with the addition of new partner Paul Clews in London.
"We’ve seen significant growth in the use of high yield debt over the past three years," said London-based partner Rob Mathews, EMEA Regional Section Head, Capital Markets. “High yield now has the degree of prominence in Europe that it has enjoyed in the US since the mid-1980s, with deal value and volume growing consistently for nearly a decade. We expect continued growth in the international high yield market in the years ahead.
"In that context, Paul will help us further develop our underwriter business to complement the advice we already offer to issuers, and build our position in the international market as a firm that can advise on both bank and bond work under both US and English law. His addition also complements and builds on the capital markets and high yield investments the Firm has already made in its EMEA offices, including London, Frankfurt, Madrid, Milan and Paris. In particular, Paul’s arrival supports the Firm's ongoing strategy of continuing to grow and strengthen our busy and successful London office."
Clews, who joins the Firm’s Global Capital Markets Practice, focuses on high yield debt offerings and international capital markets transactions in general, as well as restructurings, tender offers and other liability management exercises and general corporate matters. He joins White & Case from Shearman & Sterling and brings 14 years of experience.
"Paul has excellent technical skills, market knowledge and profile and is held in high regard by his clients," said London-based White & Case partner Lee Cullinane, EMEA Regional Section Head, Banking. “There are exciting synergies with other White & Case practices, particularly our EMEA bank finance and private equity groups, and Paul will have a key role to play in supporting the ongoing development of both.
"In addition, his advice on high yield mandates in emerging markets such as Africa and Central & Eastern Europe is an ideal fit with the Firm’s EMEA footprint, and will help ensure we both benefit from the growth of high yield financings in these markets and leverage the existing strength of our emerging markets network."
Worldwide, the Firm’s Global Capital Markets Practice has around 220 lawyers, including nearly 60 partners, who are based in 27 offices and advise on all aspects of securities transactions as well as providing regulatory guidance to clients across the world. The fully integrated practice is uniquely positioned to advise on cross-border and domestic deals that require US, English and/or local law capabilities.
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