Jones Day (Europe)

The Scoop

A heavy-hitter with a hand in most major areas of law and internationally-recognised prowess in litigation, Jones Day uses its size and reach to maintain strong client relationships with global corporate giants. With 37 offices spread across 17 countries, the firm is one of the largest in the world.

From one small office to "one firm worldwide"

Founded in 1893 by Judge Edwin Blandin and William Lowe Rice, Jones Day made its name by representing Midwestern manufacturers and transportation companies from its base in Cleveland, Ohio, and it was one of the first firms to adopt a corporate management structure. The decades since have brought steady growth, with the addition of dozens of offices in the US and overseas. Jones Day's European network includes more than 400 lawyers working in Brussels, Frankfurt, Madrid, Milan, Moscow, Munich and Paris. The firm has also been active in the China market for more than 20 years, with offices in Mainland China, Hong Kong and Taiwan. The firm was also an early riser in Singapore, where it set up shop in 2001. In 2011, Jones Day opened an office in Boston and also set up shop in Saudi Arabia, via an association with local Saudi firm Al Sulaim Al Awaji & Partners Law Firm.

The firm ranks high on the revenue charts, topping the $1 billion mark, according to The American Lawyer's annual Am Law 100 survey. And it seems to have avoided the worst effects of the 2008-09 downturn, promoting dozens of new partners worldwide, including four in London, and opening two new offices in 2009 by acquiring Mexican law firm De Ovando y Martinez del Campo in Mexico City and staking a claim in Dubai.

Big in Britain

Founded in 1986 and expanded in 2003 when Jones Day merged with City stalwart Gouldens, the firm's London office is home to 164 fee earners, mostly English-qualified solicitors, but including some US-trained lawyers and dual-qualified lawyers. While the firm's work encompasses just about every major area of law, the London office focuses primarily on M&A, capital markets, private equity, banking and finance, business restructuring, intellectual property, tax investment funds, litigation and real estate. London real estate lawyers count as clients some of the city's biggest names in the business, including Hercules Unit Trust and British Land, one of the UK's largest REITs.

Jones Day boasts that it represents more than half the Fortune 500 and has maintained relationships with most of its clients for over a decade. Among the big-name companies who have come to rely on Jones Day's service are The Sherwin-Williams Company, which the firm has defended in lead paint litigation; retail giant Macy's, which has sought representation on employment issues and consumer class action suits; and Chrysler, which hired Jones Day as restructuring counsel during its headline-grabbing bankruptcy proceedings. The firm also represented the century-old auto-parts supplier Dana Corporation in connection with its restructuring, which included the first company voluntary arrangement (CVA) in the UK. Other well-known clients include Standard Bank, Citigroup, Royal Bank of Scotland, IBM and Sanofi-Aventis.

Recent News

Masters of M&A

One of the busiest law firms when it come to corporate transactions, Jones Day has held the top ranking for number of M&A deals completed worldwide for the last 11 years in a row, according to the Thompson Reuters and Bloomberg league tables. Among major transactions since the start of 2011, the firm advised Texas Instruments Incorporated on its $6.5 billion acquisition of the National Semiconductor Corporation; represented Lubrizol Corporation in its $9.7 billion purchase by Berkshire Hathaway; and advised Potash Corporation of Saskatchewan in its deflection of one of the largest attempted hostile takeovers in history-a $43.1 billion bid by BHP Billiton.

In spring 2011, a Jones Day team including lawyers from the Moscow, London, New York and Washington offices advised Alfa Group on the $1.1 billion sale of its interest in Russian broadcasting company CTC Media to Telcrest Investments Limited.

Investing in Ireland

American billionaire Wilbur Ross and his company WL Ross & Co specialise in investing in failed companies. In 2011, Ross decided that the struggling Bank of Ireland was a worthy target for rescue and turned to Jones Day for advice. Jones Day is currently advising WL Ross as part of a consortium whose $1.6 billion investment will help bail out the Dublin-based bank and forestall nationalisation. The Irish government already controls 36 per cent of the bank, though this investment will reduce that stake to 15.1 per cent. As a result of the deal, WL Ross will acquire a 9 per cent stake in the Bank of Ireland; the consortium as a whole will own 34.9 per cent.

Energy drive

In June 2011, Jones Day advised longtime client Ryder System in its £154 million acquisition of the truck leasing company Hill Hire from Lloyds Banking Group. The US-based Ryder, which has been operating in Britain for 40 years, is working on expanding its presence in the country.

Jones Day also paved the way for several headline-making deals in 2010. For example, a multijurisdictional team of lawyers helped set up a $1.7 billion joint venture for US-based Atlas Energy, which joined with Indian energy giant Reliance Industries to develop a leasehold for natural gas drilling and operations in the Marcellus Shale region of Pennsylvania and West Virginia.

Things are looking Up in China

In January 2011, a cross-border team that included lawyers in London, Hong Kong and Singapore advised China-based Up Energy Group on a $70 million senior debt financing deal after Up's assets were bought by Tidetime Sun Limited for $1 billion in convertible bonds. Jones Day also helped Up with capital restructuring associated with the deal. The prior month, an M&A group advised Yue Xiu Enterprises, the Guangzhou, Hong Kong Municipal Government's principal investment vehicle, in the $159 million sale of its cement and ready-mix concrete business to China Resources Cement Holdings.

Worldly conscience

With a partner charged with overseeing pro bono in every firm office, Jones Day's fee-free efforts reach many corners of the world. In addition to its involvement with LawWorks, the London office participates in a wide range of local and international projects, including a longstanding relationship with the Waterloo Legal Advice Service, which provides legal advice to individuals who do not qualify for Legal Aid but cannot afford to pay for a solicitor. A number of Jones Day trainees and associates are regular advisers at the centre, to which the firm also provides administration and other services. The firm also does its part to assist legal development in China, awarding grants to Chinese students to study law in China under its 11-year-old International Legal Fellowship program.

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Jones Day (Europe)


21 Tudor Street
London EC4Y 0DJ
Phone: +44 (0)20 7039 5959
www.jonesday.com

STATS


  • Employer Type: Private
  • London Partner-in-charge: John Phillips
  • Total No. Attorneys 2011: 2,500

Major Office Locations

  • Sydney, Australia
  • Brussels, Belgium
  • Sao Paulo, Brazil
  • Shanghai, China
  • Beijing, China
  • Los Angeles, CA
  • San Diego, CA
  • Irvine, CA
  • San Francisco, CA
  • Silicon Valley, CA
  • Washington, DC
  • Atlanta, GA
  • Chicago, IL
  • Boston, MA
  • New York, NY
  • Columbus, OH
  • Cleveland, OH
  • Pittsburgh, PA
  • Dallas, TX
  • Houston, TX
  • Mexico City, Mexico
  • Moscow, Russia
  • Riyadh, Saudi Arabia
  • Jeddah, Saudi Arabia
  • Singapore, Singapore
  • Madrid, Spain
  • Taipei, Taiwan
  • Dubai, United Arab Emirates
  • London, United Kingdom
  • Paris, France
  • Munich, Germany
  • Frankfurt, Germany
  • Hong Kong, Hong Kong
  • New Delhi, India
  • Milan, Italy
  • Tokyo, Japan
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