Legal Business

Golden goodbyes – changing faces and fortunes at the City’s top banking teams

As the golden generation of banking rainmakers retire, Legal Business takes a look at the core teams of the City elite and assesses the talent in the Square Mile’s top finance practices.

‘The days of lawyers being experts only in the investment grade market are a thing of the past,’ reflects Clifford Chance (CC)’s Michael Bates, and, if anyone should know, the Magic Circle firm’s veteran head of finance should. ‘Corporate treasurers are diversifying funding sources, so while you have to be steeped in investment grade knowledge you also need to have a good level of understanding in areas such as the US private placement market, European private placement and institutional lending markets, the investment grade bond world and M&A/stock market-related requirements to ensure different strands of the capital structure work in harmony.’