Lawyers in the Capital Markets Practice act on a range of complex international debt and equity transactions. The practice acts both for companies seeking to raise financing and for the banks and other advisers arranging and often underwriting such financing.
Approximately 70% of the capital markets transactions in London have a significant international component, either because the issuer operates in international jurisdictions or because a portion of the fundraising is to be conducted overseas (usually in the US, other parts of Europe, or Asia).
Examples of recent transactions include:
- Eurasian Natural Resources Corporation PLC – Advising ENRC, the holding company of a leading diversified natural resources group based in Kazakhstan, on the company's US$3.0 billion initial public offering and admission to trading on the main market of the London Stock Exchange - one of the largest IPOs in 2007.
- JPMorgan Cazenove – Advising JPMorgan Cazenove on fundraising and admission to the main market of Talvivaara, a Finnish nickel mining business.
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Peter Wilkinson
St Andrews, History
Within a few months of joining Jones Day I found myself working in the Capital Markets Practice of the Firm. Almost straight away I found myself in client meetings, assisting with discussions, and doing first drafts of much of the key documentation.
A key benefit was the international aspect of the work. London's position as a global centre for raising capital ensures that companies from around the globe are seeking our help to take their business further. I was fortunate to go to India twice on deals and I have dealt with companies from pretty much the four corners of the globe! This is, of course, helped by Jones Day's size and global presence. It has allowed me to experience more of the global nature of world commerce.
One of the main advantages of Jones Day's training system is that you can gain a high level of experience in a practice throughout your two years of training, allowing you to make a far more informed choice when it comes to qualification. I was able to continue doing capital markets work throughout my training contract, whilst also obtaining experience in other practices. As a result when it came to qualifying into capital markets, I was more confident of my experience than if I had trained at a firm with seats. By having two years to decide my own career path, I feel that I have been given the experience to make the right choice.
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