The rail practice at international law firm Stephenson Harwood LLP has won Rail Finance Law Firm of the Year at the Global Transport Finance awards, which were held last night. The award, previously called the Jane's Transport Finance awards, which our aircraft finance team won in 2010 and our ship finance team won in 2011, recognises the firm that delivered some of the most outstanding and industry changing deals of the year.
Recent client matters include advising Hitachi on its bid for the Crossrail rolling stock, the largest single contract within the Crossrail project, advising Macquarie Bank on its first venture into the European rail rolling stock leasing market and advising the banks on the new rolling stock which forms part of the £320 million improvements to London Overground.
Commenting on the award, Graeme McLellan said: "We are delighted to have received the Global Transport Finance award in recognition of the hard work of the team during this year. The Stephenson Harwood rail practice has, over the last few years, risen to become a major player in the rail industry, advising clients on the whole spectrum of rail matters including franchising and concessions, rolling stock procurement, leasing and financing, and rail projects – both in the UK and internationally. We are glad that our strong performance has been acknowledged in this way."
The award follows extremely strong team and individual rankings for the rail practice in the legal directories Chambers & Partners and Legal 500 this year, with all of the partners listed as "Leading Individuals" in Chambers & Partners. Graeme McLellan, head of the rail practice, is noted as "(an) extremely capable operator who is quick to suggest innovative solutions" (Legal500) and partner Tammy Samuel is complimented as providing "cogent advice" (Chambers). The team will be joined by a new rail partner early in the New Year.