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Ashurst LLP

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Our people are our greatest asset. We bring together lawyers of the highest caliber with the technical knowledge, industry experience and regional know-how to provide the incisive advice our clients need. We offer the unique opportunity to work closely with clients on market leading transactions in small and collegial offices across the U.S.


Our Work:

Our U.S. Projects team advises on all aspects of project procurement, delivery and financing in the U.S. and coordinates closely with our offices in London, Sydney, Madrid, Paris and Tokyo on the delivery of world class market knowledge to our transactions. Our award-winning practice focuses on public-private partnerships (PPP) and other infrastructure projects in all sectors including rail, road, airport, ports, student housing, courthouses, water and waste and have worked on ground breaking transport and social infrastructure projects across the nation.

Most recently, our U.S. Projects team has been advising:
• The Maryland Department of Transportation on the $9 billion I-495/I-95 Capital Beltway and I-270 Congestion Relief Improvements P3 Project in Maryland;
• LA Metro on the approx. $6 billion West Santa Ana Branch P3 Project;
• The Port Authority of New York and New Jersey on the estimated $2.05 billion Newark AirTrain Project;
• The Honolulu Authority for Rapid Transportation on the last development of the last segment of the $8+ billion Honolulu Rail Transit Project;
• Georgia Department of Transportation on the $1.5 billion Major Mobility Investment Program;
• Financing parties in relation to the $2 billion LAX Automated People Mover Project;
• City of LA on the $700m+ LA Street Civic Building Project;
• The New Jersey Economic Development Authority on the
$300-400 million Offshore Wind Port Project;
• Fargo; and
• Vista Ridge.

Our Global Loans team in New York works closely with our offices in other countries to provide seamless coverage to finance providers and borrowers on a wide range of U.S. and cross-border lending transactions, including leveraged and acquisition finance, general corporate lending, fund finance, lending to the insurance sector, debt and corporate restructurings, and trade and export financings.

As part of a global team we have a reputation for successfully managing large and complex multi-jurisdictional transactions and projects, and for delivering outstanding outcomes for our clients.

In recent years, our Global Loans team in New York has acted for:
• ANZ as arranger on a $450 million syndicated green loan facility to finance the construction of an EV battery plant in Georgia;
• A leading auto parts manufacturer on a $2 billion debt restructuring;
• A major European bank on a senior secured credit facility to finance an acquisition of a marine terminal in North Carolina;
• ING on the world’s first fund financing linked to the borrower’s sustainability performance;
• AVEVA Group on the debt financing for its $5 billion acquisition of OSIsoft;
• New money lenders to Virgin Atlantic as part of its Chapter 15 recapitalization (IFLR 2021 “Restructuring Deal of the Year”);
• The Abu Dhabi National Oil Company (ADNOC) on a long-term strategic investment partnership with Apollo for an underlying real estate portfolio valued at $5.5;
• McLaren on its $620 high yield bond issuance and refinancing of its existing revolving credit facilities; and
• The agent and arrangers on a $125 million credit facility to a leading US infrastructure fund to finance the acquisition of a portfolio of infrastructure assets.

Ashurst’s first class team of structured products attorneys offers substantial industry expertise, and provides transactional, and structuring advice to leading international banks. Our Structured Products team has extensive experience advising on all forms of structured products (including notes, warrants and certificates), together with structured bank deposits, and across all underlying asset classes and product structures. We act as program counsel on a number of leading structured product platforms, which provides our team with a steady flow of diverse transactions.

Our team handles structured products ranging from plain vanilla debt and lightly-structured products, such as callable step up notes and fixed to floating rate notes, to products linked to equities, indices, commodities, credit, foreign exchange rates, interest rates, inflation rates, funds, bonds, dynamic strategies and other asset classes and hybrids. We also advise on more complex structured products such as, volatility and hedge fund-linked products.

Our structured products group prioritizes the training of new attorneys, giving them significant contact with clients in different geographic areas and business areas. We pride ourselves on enabling our attorneys to develop ongoing relationships with firm clients. We provide the necessary training to help new attorneys learn to play a meaningful role in a wide variety of financial transactions, and to develop expertise in the relevant securities and related laws.

Ashurst has a first class global derivatives practice offering the full spectrum of transactional, advisory and documentation services for derivatives and structured products.

We have a market-leading, specialist team that advises leading investment banks and other financial institutions and covers the full spectrum of the derivatives area. Unlike many other firms, we have specialist lawyers focused on each area so our expertise encompasses all classes of OTC derivatives, repos, securities lending, repackagings, credit-linked notes and structured products. One of our great strengths is our ability to adapt and move from structuring one product to another quickly thanks to the versatility and depth of knowledge of our team. As a result, our clients are empowered to respond to changing market demands and enabled to release the most popular products in a short turnaround time.

We have the track record, deep market understanding, commercial acumen, bench strength and global expertise to provide the high quality service required wherever our clients do business.

Pro Bono & DE&I:

Ashurst is committed to creating a world leading pro bono practice and aims to do this by developing leading local pro bono programs in each office in Ashurst’s network and by developing cross-border pro bono projects which enable Ashurst’s offices to work together to tackle global and regional social justice issues.

At Ashurst we take our responsibility seriously to ensure that everyone has access to legal advice and representation regardless of means. As a law firm, the most effective contribution we can make is to use our knowledge and expertise to assist people and community organizations through the provision of legal services.

Diversity and Inclusion (D&I) is at the core of our business strategy and we place our values and D&I at the heart of everything we do. Fostering a collaborative, respectful and inclusive culture is key to Ashurst’s vision of being the most progressive global law firm. It allows us to offer exceptional service to our clients and create a great place for our people to work. Ashurst has a number of firm-wide initiatives aimed at supporting D&I efforts. We recently joined the Law Firm Antiracism Alliance (LFAA), a national collaborative of more than 125 law firms united in identifying and dismantling structural or systemic racism in the law. We also have active D&I networks that focus on various diversity strands, including a women’s network, networks focused on LGBTI+ colleagues and allies, disability awareness, multiculturalism and caring responsibilities.

Firm-wide climate commitment:

Ashurst is committed to the fight against climate change through the work we do and the decisions we make with regards to our business. Aligned to the 17 UN SDGs, the foundation of Ashurst's Sustainability Goals and therefore its path to Net Zero, is the Carbon Neutrality plan, which sets out a roadmap including initial reduction goals for the firm to achieve by 2023 (as against 2019 levels) including:
• 20% reduction in CO2 emissions from travel;
• 30% reduction in paper usage; and
• 20% improvement in water, utility and energy usage efficiencies.

Alongside this, the firm will integrate other measures including eliminating single use plastics, and focus on the transformation of business ecosystems to integrate ESG considerations as a business imperative.

As a global firm, Ashurst has been certified carbon neutral since 01 January 2020, with the firm having engaged environmental consultants Natural Capital Partners to establish an offset project programm. Staff were asked to have their say on what types of projects the firm should support with options that included agricultural, forestry & landscape, renewable energy, water, household devices and resource recovery. All projects are located outside areas of the firm's major offices to ensure investment is made in areas of the world on the front lines of the effects of climate change.

Ashurst's Sustainability Goals chart a quantifiable path for the firm to continue to build on its own culture of sustainability, progressing its journey to Net Zero and increasing its pro bono and social impact.

Social Impact

We recognize our role as a global law firm and member of the business community, in helping achieve positive social impacts in our broader communities. Through our Social Impact Program, we provide our lawyers opportunities to share their time and professional skills to support community partners. We also recognize our role in driving forward important social justice conversations; and our ability to advocate for positive social change.

We seek to do this by :
• Partnering with leading community organizations to
help them deliver key community projects and services; and;
• Facilitating volunteering opportunities for our lawyers
to contribute their time and skills, and directly assist community organizations.

Secondments

Client and internal secondments to other offices are one of the many ways in which the firm invests in our lawyers, our network and our client relationships. They represent a strategic opportunity to develop and maintain client relationships and grow client revenue. They also provide a unique opportunity to learn more about the intricacies of our clients’ businesses, and help us gain an in-depth understanding of areas in which the firm provides a service. The more that is known and understood about a client, the better placed we are to provide a service that exceeds client expectations. Secondments are a great opportunity to demonstrate our commitment to the career progression of our lawyers and to provide the highest quality and professionalism to our clients. Some of our recent secondments in New York have entailed attorneys working at ANZ, Barclays, J.P. Morgan, Macquarie, and Lloyds.

Sustainability

Ashurst is committed to the fight against climate change through the work we do and the decisions we make with regards to our business. We have worked on a number of ground-breaking green bonds and loans, many of which have been “firsts” in their market. We have also led on a number of major new renewable developments in Asia, Australia, Africa, Europe and the Middle East, including seven of the largest solar portfolio financings in the UK. We believe our integrated approach to climate change risk, green finance and wider environmental issues is how we can best achieve our aim of becoming a leader in sustainability.

Benefits & Perks:

Our benefits & perks offerings include:
• Hybrid working schedule – 60/40
• Medical and vision insurance
• Dental insurance is offered at no cost to employees
• Global parental leave policy - 26 weeks fully paid leave irrespective of gender identity
• 401 k program
• Health Savings Account
• Gym Memberships
• Pre-tax mass transit program
• Pre-tax parking benefits
• Employee Assistance Program
• On-site wellness room
• Short term disability insurance
• Long term disability insurance
• Longer term care
• Basic life insurance
• Pre-tax mass transit program
• Pre-tax parking benefits
• Pre-tax mass transit program
• Pre-tax parking benefits

Additionally, we pay for a bar review course and bar examination fees and an interest-free loan to incoming first year associates.

Health & Wellbeing

• Ergonomic Reimbursements
• Headspace Meditation subscription
• Flexible Working Arrangements

Summer Program Overview

At Ashurst, we offer the unique opportunity to work closely with clients on market leading transactions in a small and collegial office, while benefiting from being part of a major international law firm. Our U.S. offices are centrally located in Hudson Yards, New York, Santa Monica, Los Angeles County and Austin, Texas.

We provide a stimulating and rewarding experience for our summer associates, and present a realistic picture of life as a junior associate, with exposure to both U.S. and global deals and partners. Summer associates will be exposed to multiple practice areas during their 10 week summer program.