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Rankings published in 2026
Banking and finance
Tier 4
28 firms ranked
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Tier 1

A&O Shearman
8 practice areas
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Clifford Chance
9 practice areas
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Linklaters
8 practice areas
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Tier 2

Baker McKenzie
6 practice areas
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DLA Piper
5 practice areas
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Loyens & Loeff
9 practice areas
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Stibbe
8 practice areas
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White & Case
6 practice areas
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Tier 3

Ashurst Perkins Coie
6 practice areas
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Deloitte Legal
8 practice areas
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Eubelius
9 practice areas
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Jones Day
6 practice areas
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Liedekerke
8 practice areas
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NautaDutilh
6 practice areas
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Tier 4

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

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

A&O Shearman
8 practice areas
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Clifford Chance
9 practice areas
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Linklaters
8 practice areas
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Stibbe
8 practice areas
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Tier 2

Loyens & Loeff
9 practice areas
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NautaDutilh
6 practice areas
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Tier 3

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

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

A&O Shearman
8 practice areas
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Baker McKenzie
6 practice areas
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Clifford Chance
9 practice areas
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Linklaters
8 practice areas
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NautaDutilh
6 practice areas
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Tier 2

Eubelius
9 practice areas
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Freshfields
7 practice areas
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Stibbe
8 practice areas
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Tier 3

Loyens & Loeff
9 practice areas
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Notable

Argo
7 practice areas
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Cleary Gottlieb Steen & Hamilton
7 practice areas
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Deloitte Legal
8 practice areas
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Jones Day
6 practice areas
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Liedekerke
8 practice areas
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M&A
Tier 1
39 firms ranked
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Tier 1

A&O Shearman
8 practice areas
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Baker McKenzie
6 practice areas
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Cleary Gottlieb Steen & Hamilton
7 practice areas
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Freshfields
7 practice areas
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Tier 2

Argo
7 practice areas
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Clifford Chance
9 practice areas
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Eubelius
9 practice areas
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Linklaters
8 practice areas
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Loyens & Loeff
9 practice areas
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Stibbe
8 practice areas
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Tier 3

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

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

AKD
4 practice areas
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Astrea
3 practice areas
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Contrast
3 practice areas
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Dentons
2 practice areas
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PwC Legal
5 practice areas
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Quorum
2 practice areas
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Notable

Ashurst Perkins Coie
6 practice areas
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Bird & Bird
4 practice areas
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Cambrian
2 practice areas
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EY Law
4 practice areas
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Fieldfisher
4 practice areas
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Four & Five Law
2 practice areas
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PKF BOFIDI Legal
1 practice area
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Linked Reviews
Financial and corporate

Established in New York in 1946,Cleary Gottlieb Steen & Hamilton is an international law firm with offices in the Americas, Europe and Asia. Its Belgian presence dates back to 1960 when it opened its Brussels office. 

 

Focusses / specialisms 

In Belgium, the firm is especially strong in M&A, with banking and capital markets also being areas of activity. 

The banking practice focuses mostly on cross-border transactional and advisory work rather than commoditised or purely national work. The firm’s client list is broad and includes blue chip Belgian and international issuers, state-owned companies, large banks and international private equity houses. 

A hallmark of the firm’s top-tier M&A practice is its international focus, as it is often appointed as a lead transactional counsel on deals covering multiple jurisdictions.  

An area of relative strength in the capital markets practice is debt, but the firm is also highly active in equity. The firm’s recent work includes significant issuer-side engagements, as well as advice to many prominent international and Belgian financial institutions on the bank or joint lead manager’s side. 

 

Key clients 

Key clients include Bekaert, Bpost, ING Bank, Goldman Sachs, Bank of America Merrill Lynch, JC Flowers, Altus Capital, Infrabel, ArcelorMittal, Eurofima, Anheuser Busch InBev, Barco, Umicore, UBS, Swift, CVC Capital Partners, TPG, General Motors, Goodyear and Texas Instruments, Elia, Ontex and Befimmo. 

 

Deal Highlights
4 results4 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
Novasep Holding SAS - M&A
2021-01-15
Cleary Gottlieb Steen & Hamilton
Belgium
M&A
Novasep Holding SAS
Seller
AbbVie Inc. - M&A
2022-03-01
Cleary Gottlieb Steen & Hamilton
Belgium
M&A
AbbVie Inc.
Buyer
Ontex Group NV - M&A
2022-07-29
Cleary Gottlieb Steen & Hamilton
Belgium
M&A
Alexia Duquesne, Andris Rimsa, Chantal Kordula, Daniel Culley, Daniel Ilan, Gaia Shen, Jan-Frederik Keustermans, Julie De Vrieze, Kylie Barza, Laurent Legein, Marijke Spooren, Nuna Van Belle, Ruben Foriers, William McRae
Ontex Group NV
Seller
Anheuser-Busch InBev SA/NV - M&A
2023-12-18
Cleary Gottlieb Steen & Hamilton
Belgium
M&A
Anheuser-Busch InBev SA/NV
Seller
We round up this week’s top moves in the finance, corporate, M&A and PE practices in the UK, France, the US and Germany
M&A
We roundup top lateral hires in finance, corporate, PE and M&A practices at law firms across the US and Europe
The move gives the US firm a four-partner antitrust team across Brussels and London, adding senior firepower in two key European competition hubs
M&A
We round up top lateral hires across the finance, PE, M&A, competition and corporate practices at leading law firms in the UK, the US and the EU
Jeff Karpf, who took on the role of managing partner in January, discusses his first 90 days, capital markets trends amid tensions, and lateral hiring priorities
New hires were made across the corporate, finance and M&A practices in the US, UK and Europe
IFLR1000
On November 14th, 2025, Pampa Energía S.A. (“Pampa”), a leading company in the energy and oil and gas sector, issued, in the local and international markets, its 7.750% senior unsecured notes due 2037, for an aggregate principal amount of US$450,000,000 (the “Notes”), under the U.S.$2,100,000,000 note program for the issuance of convertible and non-convertible (obligaciones negociables). The transaction was carried out in accordance with Rule 144A and Regulation S of the U.S. Securities Act of 1933.
M&A
Ilona Logvinova joins the firm’s New York office as it aims to boost its AI and digital transformation efforts
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