Banking & Finance
Global Guide 2024 : Canada
Band 1
Email address
[email protected]Contact number
+1 416 362 1812About
Provided by McCarthy Tétrault LLP
Our Financial Services Group has an unmatched depth of understanding of financial services transactions and products, which allows us to assist clients in the full range of sophisticated and innovative products and transactions.
With offices across Canada, we are able to field our client teams with all the necessary jurisdictional expertise required for successful outcomes, including regulatory and transactional expertise.
Market Leaders
- We act for 81% of the total number of domestic and foreign banks operating in Canada and 90% of the foreign banks operating as Schedule III foreign bank branches in Canada.
- Our team has more experience than any other Canadian law firm in raising capital for financial services companies, including banks and insurance companies. For example, we are regular counsel on six out of seven covered bond programs established by Canadian financial institutions. In both the covered bond offerings and the capital offerings, we acted on more deals for Canadian banks and life insurance companies in 2016 than any other Canadian law firm by a considerable margin.
New Entrants
We have advised in connection with the establishment of numerous new regulated entrants into Canadian financial services, including new banks, bank branches, trust companies and insurance companies.
Chambers Review
McCarthy Tétrault maintains a prominent position in the Canadian banking and finance marketplace through its representation of lenders, including many of the country's largest financial institutions, as well as major foreign banks. The group has a strong presence in the structured finance and asset-based lending spaces, with further proficiency in areas such as refinancing and acquisition finance. The firm also acts on the borrower side, offering significant experience of project finance as well as construction and bridge financing. The team additionally has a strong track record advising on banking regulatory and compliance matters in relation to M&A as well as regulatory investigations and fintech mandates. The firm's expansive sector expertise ranges from TMT and infrastructure to mining and energy. Notable for its impressive reach across Canada, the firm has offices in Québec, Ontario, Alberta and British Columbia, as well as in New York and London, UK.
Work Highlights
- McCarthy Tétrault was Canadian counsel to Golub Capital Markets, and a syndicate of lenders, on their provision of a high-value financing package to Excelitas Technologies.
Strengths
Provided by Chambers
"They are always up to speed on current issues, able to quickly distil salient points from complex issues and to provide reliable opinions that assist our decision-making."
"They are experienced and sophisticated partners who can deal with complex matters efficiently and effectively."
"Their entire team has a high calibre of knowledge, which is very useful in helping us navigate the legal process."
"I rely on McCarthy to always provide very thoughtful advice and to always offer the guidance needed to proceed with our transactions."
"They provide great client-centric service and responsiveness, and their teams are well staffed."
"They are always up to speed on current issues, able to quickly distil salient points from complex issues and to provide reliable opinions that assist our decision-making."
"They are experienced and sophisticated partners who can deal with complex matters efficiently and effectively."
"Their entire team has a high calibre of knowledge, which is very useful in helping us navigate the legal process."
"I rely on McCarthy to always provide very thoughtful advice and to always offer the guidance needed to proceed with our transactions."
"They provide great client-centric service and responsiveness, and their teams are well staffed."
Notable Practitioners
Barry Ryan operates from the firm's Toronto office and he has a wealth of experience advising major banks and state bodies on a variety of significant matters.
Toronto-based Richard Higa is a highly respected individual with a strong track record in real estate and acquisition finance. He has extensive experience assisting with cross-border financing structures.
"With Richard we are always in excellent hands."
"Richard is a pleasure to deal with."
"He's an excellent lawyer who has great client-handling skills and is known in the market."
Gordon Baird is a well-regarded, Toronto-based banking and finance lawyer. His skills encompass a broad range of areas, with a particular proficiency for lender-side mandates, including secured transactions.
"He is an extremely strong lawyer and can be trusted for highly sophisticated transactions."
"Gordon does an excellent job."
Montréal-based Michel Deschamps is a trusted adviser to many high-profile clients due to his longstanding experience in the market. He is especially noteworthy for his expertise in receivables financing.
Justin Lapedus is a strong performer in the Canadian banking world, notably acting on acquisition finance and asset-based lending. His client base includes a range of prominent players, including major Canadian banks and private equity houses. He is based in Toronto.
Montréal-based Richard O'Doherty is well experienced in financial services law, notably acting on cross-border acquisition finance transactions. His client base includes major Canadian banks and insurance groups.
Ranked Lawyers at
McCarthy Tétrault LLP
Canada
Members
Provided by McCarthy Tétrault LLP