Our Approach

Davis Polk & Wardwell has one of the largest contingents of U.S.-trained lawyers in Europe, with approximately 48 corporate and tax lawyers assigned to our London, Paris and Madrid offices.

We advise European industrial corporations, technology companies, financial institutions and governments on all areas of finance and business and have been involved in several of the largest recent securities offerings and M&A transactions in Europe. We have broad experience in international finance, particularly European cross-border finance. Our lawyers identify and address problems presented both by new types of corporate financings and by transactions involving conflicting regulatory regimes. We provide cost-efficient, effective advice and representation in all areas important in today's international financial environment – from relatively straightforward issuances of equities or debt in the United States to complex global offerings or mergers.

Awards & Rankings

Davis Polk ranked:

  • 1st as manager’s counsel among U.S. law firms in European, Middle Eastern and African (EMEA) equity and equity-related offerings through the third quarter of 2009 (Thomson Reuters)
  • 2nd as issuer’s counsel among U.S. law firms in EMEA equity and equity-related offerings through the third quarter of 2009 (Thomson Reuters)
  • 2nd among U.S. law firms in French M&A and IPO transactions announced in the fourth quarter of 2009 (CorpFin)
  • 5th among U.S. law firms in European M&A transactions announced in 2009 (mergermarket)

Notable Matters

  • €7.2 billion underwritten rights offering of ordinary shares by Banco Santander, a Spanish bank
  • We advised Grupo Ferrovial, one of the world’s leading infrastructure companies based in Madrid, on its merger with Cintra Concesiones de Infraestructuras de Transporte, a Madrid-based toll road development and management company and a 66.88%-owned subsidiary of Grupo Ferrovial.  
  • $3.75 billion offering of extendible notes by Lloyds TSB Group , a leading U.K. financial services group
  • €4.4 billion capital increase by HeidelbergCement. The transaction is the largest capital increase in Germany in 2009 and among the largest German share placements since 2000.
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