IFLR is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement


This law firm has not supplied any contact details or supplementary information for this country or region. For more information about profiling options please contact Prin Shasiharan.
Rankings published in 2026
Banking and finance
Tier 1
28 firms ranked
View full list

Tier 1

A&O Shearman
8 practice areas
View profile
Clifford Chance
9 practice areas
View profile
Linklaters
8 practice areas
View profile

Tier 2

Baker McKenzie
6 practice areas
View profile
DLA Piper
5 practice areas
View profile
Loyens & Loeff
9 practice areas
View profile
Stibbe
8 practice areas
View profile
White & Case
6 practice areas
View profile

Tier 3

Ashurst Perkins Coie
6 practice areas
View profile
Deloitte Legal
8 practice areas
View profile
Eubelius
9 practice areas
View profile
Jones Day
6 practice areas
View profile
Liedekerke
8 practice areas
View profile
NautaDutilh
6 practice areas
View profile

Tier 4

AKD
4 practice areas
View full profile
Altius
6 practice areas
View profile
Argo
7 practice areas
View profile
Cleary Gottlieb Steen & Hamilton
7 practice areas
View profile
Fieldfisher
4 practice areas
View profile
Hogan Lovells Cadwalader
2 practice areas
View profile
Lydian
7 practice areas
View profile
PwC Legal
5 practice areas
View profile

Notable

Ariga
2 practice areas
View profile
Astrea
3 practice areas
View profile
Freshfields
7 practice areas
View profile
Monard Law
7 practice areas
View full profile
Strelia
4 practice areas
View profile
Van Bael & Bellis
4 practice areas
View profile
Capital markets : Debt
Tier 1
17 firms ranked
View full list

Tier 1

A&O Shearman
8 practice areas
View profile
Clifford Chance
9 practice areas
View profile
Linklaters
8 practice areas
View profile
Stibbe
8 practice areas
View profile

Tier 2

Loyens & Loeff
9 practice areas
View profile
NautaDutilh
6 practice areas
View profile

Tier 3

Baker McKenzie
6 practice areas
View profile
Cleary Gottlieb Steen & Hamilton
7 practice areas
View profile
Eubelius
9 practice areas
View profile
Freshfields
7 practice areas
View profile
Jones Day
6 practice areas
View profile
White & Case
6 practice areas
View profile

Notable

Argo
7 practice areas
View profile
Ashurst Perkins Coie
6 practice areas
View profile
Deloitte Legal
8 practice areas
View profile
Liedekerke
8 practice areas
View profile
PwC Legal
5 practice areas
View profile
Capital markets : Equity
Tier 1
14 firms ranked
View full list

Tier 1

A&O Shearman
8 practice areas
View profile
Baker McKenzie
6 practice areas
View profile
Clifford Chance
9 practice areas
View profile
Linklaters
8 practice areas
View profile
NautaDutilh
6 practice areas
View profile

Tier 2

Eubelius
9 practice areas
View profile
Freshfields
7 practice areas
View profile
Stibbe
8 practice areas
View profile

Tier 3

Loyens & Loeff
9 practice areas
View profile

Notable

Argo
7 practice areas
View profile
Cleary Gottlieb Steen & Hamilton
7 practice areas
View profile
Deloitte Legal
8 practice areas
View profile
Jones Day
6 practice areas
View profile
Liedekerke
8 practice areas
View profile
Capital markets : Structured finance and securitisation
Active
6 firms ranked
View full list

Active

A&O Shearman
8 practice areas
View profile
Clifford Chance
9 practice areas
View profile
Deloitte Legal
8 practice areas
View profile
Liedekerke
8 practice areas
View profile
Loyens & Loeff
9 practice areas
View profile
Stibbe
8 practice areas
View profile
Financial services regulatory
Tier 1
19 firms ranked
View full list

Tier 1

A&O Shearman
8 practice areas
View profile
Bird & Bird
4 practice areas
View profile
DLA Piper
5 practice areas
View profile
Linklaters
8 practice areas
View profile
Simont Braun
5 practice areas
View profile

Tier 2

Baker McKenzie
6 practice areas
View profile
Deloitte Legal
8 practice areas
View profile
Eubelius
9 practice areas
View profile
Gide Loyrette Nouel
1 practice area
View profile
Loyens & Loeff
9 practice areas
View profile
NautaDutilh
6 practice areas
View profile

Tier 3

Altius
6 practice areas
View profile
Ashurst Perkins Coie
6 practice areas
View profile
Clifford Chance
9 practice areas
View profile
K Law
3 practice areas
View profile
Liedekerke
8 practice areas
View profile
Lydian
7 practice areas
View profile
Monard Law
7 practice areas
View full profile

Notable

Argo
7 practice areas
View profile
M&A
Tier 1
39 firms ranked
View full list

Tier 1

A&O Shearman
8 practice areas
View profile
Baker McKenzie
6 practice areas
View profile
Cleary Gottlieb Steen & Hamilton
7 practice areas
View profile
Freshfields
7 practice areas
View profile

Tier 2

Argo
7 practice areas
View profile
Clifford Chance
9 practice areas
View profile
Eubelius
9 practice areas
View profile
Linklaters
8 practice areas
View profile
Loyens & Loeff
9 practice areas
View profile
Stibbe
8 practice areas
View profile

Tier 3

Altius
6 practice areas
View profile
Liedekerke
8 practice areas
View profile
NautaDutilh
6 practice areas
View profile
Simont Braun
5 practice areas
View profile
Van Bael & Bellis
4 practice areas
View profile
White & Case
6 practice areas
View profile

Tier 4

CMS DeBacker
3 practice areas
View profile
Cresco
5 practice areas
View profile
DLA Piper
5 practice areas
View profile
Deloitte Legal
8 practice areas
View profile
Jones Day
6 practice areas
View profile
Lydian
7 practice areas
View profile
Monard Law
7 practice areas
View full profile
Quinz
3 practice areas
View profile
Strelia
4 practice areas
View profile
Van Olmen & Wynant
3 practice areas
View profile

Tier 5

AKD
4 practice areas
View full profile
Astrea
3 practice areas
View profile
Contrast
3 practice areas
View profile
Dentons
2 practice areas
View profile
PwC Legal
5 practice areas
View profile
Quorum
2 practice areas
View profile

Notable

Ashurst Perkins Coie
6 practice areas
View profile
Bird & Bird
4 practice areas
View profile
Cambrian
2 practice areas
View profile
EY Law
4 practice areas
View profile
Fieldfisher
4 practice areas
View profile
Four & Five Law
2 practice areas
View profile
PKF BOFIDI Legal
1 practice area
View profile
Project development
Tier 1
14 firms ranked
View full list

Tier 1

A&O Shearman
8 practice areas
View profile
Clifford Chance
9 practice areas
View profile
Linklaters
8 practice areas
View profile

Tier 2

Loyens & Loeff
9 practice areas
View profile
Lydian
7 practice areas
View profile
Stibbe
8 practice areas
View profile

Tier 3

Deloitte Legal
8 practice areas
View profile
Eubelius
9 practice areas
View profile
Jones Day
6 practice areas
View profile
Liedekerke
8 practice areas
View profile
Monard Law
7 practice areas
View full profile

Tier 4

DLA Piper
5 practice areas
View profile
White & Case
6 practice areas
View profile

Tier 5

Fieldfisher
4 practice areas
View profile
Linked Reviews
Financial and corporate

“Magic Circle” firmAllen & Overy is among the largest law firms in the world with 44 office locations globally. The firm’s Belgian offices are in Antwerp and Brussels. 

 

Focusses / specialisms 

The firm’s financial and corporate offering in Belgium is top tier, with market-leading competence possessed in banking, capital markets, M&A and project development. 

The banking team has a roughly equal split between sponsor and borrower side work and provides a comprehensive service to large banks, corporate borrowers and issuers on all types of financing work. The firm also has a top-flight financial services regulatory practice to complement its transactional and advisory work. 

In capital markets the firm is strong and highly active across debt, equity, derivatives and structured finance. It has traditionally been recognised for its underwriter-side work but has in recent years increased the number of issuer-side representations. 

Its market leading M&A team has a prolific deal flow and roles on most of the large Belgian transactions. The team is strong in both the French and Dutch parts of Belgium and boasts the most active private equity practice in the country. 

The firm is also well recognised for its projects practice, which is strong in both infrastructure and energy. Comprised of dedicated lawyers based in Brussels and Antwerp, the firm has pioneered the development of public-private partnerships and greenfield in the Belgian legal market and has played a role in every major PFI and PPP in Belgium. 

 

Key clients 

Key clients include Belfius Bank, ABN AMRO, ING Belgium, KBC Bank, Kharis Capital, Natixis, Immobel, Argenta Spaarbank, Bank of America, International Swaps & Derivatives Association, JP Morgan, Lineas, Kartesia, Société Générale, Crédit Agricole, Recticel, QSR Platform and La Lorraine Bakery Group. 

 

Client feedback: 32nd edition (2021/2022) 

Project development: Energy 

“A&O Belgium is a very well established name in the DBFM(O)market and as such has a wealth of experience that it can use to its advantage in advising us. They have a hands-on and efficient approach and are able to think alongside us to tackle challenges (e.g. group internal) and provide solutions.” 

 

M&A 

“Strong experience in international M&A, very reliable and qualitative service. Also strong in brand building by providing training to young PE professionals.” 

13 results13 results
Deal Highlights
18 results18 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
KBC - Bond Issue
2021-05-01
A&O Shearman
Belgium
Bond issue
KBC
Issuer
KBC - Bond Issue
2021-09-01
A&O Shearman
Belgium
Bond issue
KBC
Issuer
Ghelamco Invest NV - Bond Issue
2021-06-01
A&O Shearman
Belgium
Bond issue
Ghelamco Invest NV
Issuer
MG RE INVEST - Bond Issue
2021-05-01
A&O Shearman
Belgium
Bond issue
MG RE INVEST
Issuer
Argenta Spaarbank NV - Bond Issue
2021-02-01
A&O Shearman
Belgium
Bond issue
Argenta Spaarbank NV
Issuer
Waterland Private Equity Investments BV - M&A
2021-07-16
A&O Shearman
Belgium
M&A
Waterland Private Equity Investments BV
Seller
Lansweeper NV - M&A
2021-07-02
A&O Shearman
Belgium
M&A
Lansweeper NV
Seller
Aliaxis Finance SA - Bond Issue
2021-10-01
A&O Shearman
Belgium
Bond issue
BBVA - Banco Bilbao Vizcaya Argentaria, BNP Paribas, Crédit Agricole, HSBC, KBC
Underwriter
Aliaxis Finance SA - Bond Issue
2021-11-01
A&O Shearman
Belgium
Bond issue
BBVA - Banco Bilbao Vizcaya Argentaria, BNP Paribas, Crédit Agricole, HSBC, KBC
Underwriter
Argenta Spaarbank NV - Bond Issue
2021-10-01
A&O Shearman
Belgium
Bond issue
Argenta Spaarbank NV
Issuer
Telenet Group Holding NV - M&A
2022-03-25
A&O Shearman
Belgium
M&A
Telenet Group Holding NV
Seller
Frontline Ltd. - M&A
2022-04-07
A&O Shearman
Belgium
M&A
Frontline Ltd.
Buyer
Argenta Spaarbank NV - Bond Issue
2022-02-01
A&O Shearman
Belgium
Bond issue
Argenta Spaarbank NV
Issuer
Rivean Capital BV - M&A
2022-06-22
A&O Shearman
Belgium
M&A
Frederiek Adams
Rivean Capital BV
Buyer
Alpha Private Equity Funds Management Co. - M&A
2022-07-13
A&O Shearman
Belgium
M&A
Alpha Private Equity Funds Management Co.
Seller
JERA Co. Inc. - M&A
2023-03-22
A&O Shearman
Belgium
M&A
JERA Co. Inc.
Buyer
CVC Capital Partners Ltd. - M&A
2023-06-20
A&O Shearman
Belgium
M&A
CVC Capital Partners Ltd.
Buyer
Liberty Global Belgium Holding BV - M&A
2023-03-21
A&O Shearman
Belgium
M&A
Liberty Global Belgium Holding BV
Buyer
Tom Schoors will combine the new EU chair role with his post as Belgium managing partner, helping global clients to tap into the firm’s EU expertise across 16 offices
ESG
Lawyers at A&O Shearman and Vinson & Elkins say that judges are approaching statutory interpretation differently following Loper Bright, but they are still paying attention to government arguments
New hires were made across the finance practices in New York, San Francisco, London and Milan
M&A
Paolo Nastasi, managing partner for Italy, delves into Q1 market trends, deal structures and how the firm is driving growth at a practice level
Regulations must be effective, not excessive, says OCC chief Rodney Hood
M&A
As the European Commission seeks input on updating its 20-year-old merger rules, focusing on traditional competition metrics will no longer be enough, lawyers say
The UK managing partner reflects on her career and discusses the opportunities ahead for the firm, particularly in leveraged finance
Partner Tom Grant discusses the legal innovation behind the first Solvency II-compliant restricted tier 1 bond issuance in Portugal and how it can help the firm to win more work
Sponsored

Sponsored

  • IFLR1000
    Sponsored by Radu Tărăcilă Pădurari Retevoescu SCA (RTPR)
    RTPR assisted Autonom Services S.A. in relation to a new bond issue, with an aggregate nominal value of EUR 30 million and a maturity of 5 years, with a fixed annual interest rate of 6.14%. Autonom Services is the most important independent player on the operational leasing and rent-a-car markets in Romania. The bonds issued have been admitted to trading on the regulated market of the Bucharest Stock Exchange and are correlated with the company’s sustainability objectives.
  • IFLR1000
    Sponsored by Radu Tărăcilă Pădurari Retevoescu SCA (RTPR)
    RTPR has assisted the Swedish investment company Oresa and the entrepreneur Cristian Amza in relation to the sale of the entire stake in the La Fantana group, which has subsidiaries in Romania and Serbia, to the strategic investor Axel Johnson. La Fantana is a market leader in watercooler and bottled water supply solutions, for companies, public spaces, but also for the residential segment, with national coverage in Romania and Serbia. The RTPR team was coordinated by partners Costin Taracila and Alina Stavaru, who were closely assisted throughout the process by Cezara Urzica (Senior Associate) and Andrei Nicolae (Junior Associate). The team also included Ianita Tui (Counsel), Ana Popa, Marina Fecheta-Giurgica (Senior Associates), Andrei Tosa (Managing Associate), Maria Luca, Irina Marinescu and Luka Perovic (Junior Associates). Cosmin Tilea (Partner), Andreea Stoiciu, Livia Tuca (Associates) and Ambra Lazar (Junior Associate) have advised on the financing aspects of the deal. The English law advisors involved in this deal were A&O Shearman lawyers Stephen Lloyd (Partner), Jeremy Wilkins and Adarsh Chhabria (Senior Associates), as well as Kate Eades (Partner) and Eoin Broderick (Senior Manager) from KPMG Law in London.
  • IFLR1000
    Sponsored by Radu Tărăcilă Pădurari Retevoescu SCA (RTPR)
    RTPR has assisted Evryo Group, owned by funds managed by Macquarie Asset Management, in relation to the sale of its renewable energy portfolio to PPC Group. The transaction includes the Evryo Wind Farm, Romania’s largest operational onshore wind farm, with a total installed capacity of 600 MW, and the group’s hydropower system comprising 4 hydroelectric plants and associated hydro facilities, with a total installed capacity of approximately 22 MW.