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Rankings published in 2026
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Tier 1
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Tier 1
Tier 2
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Notable
Linked Reviews
Financial and corporate
The New Practice (TNP) is a commercial law firm based in Lagos Nigeria. It is led by managing partner Baba Alokolaro.
Focusses / specialisms
The firm has a particular focus on debt capital markets transactions.
Key clients
The firm has developed strong relationships within the banking practice area with Lagos State Government and One Finance and Investments.
In capital markets the firm has connections with ARM Trustees.
In M&A TNP has ties with Ellah Lakes, Consonance Kuramo Special Opportunities Fund II, Arwua Capital Management, uLesson Education Limited, and Frutta.
Research period review: 33rd edition (2023/2024)
During the research period, the firm was active in debt capital markets, M&A and project development.
In debt capital markets the firm worked on bond and note issuances for clients connected to energy and consumer goods sectors.
In M&A the firm worked on mergers for clients connected with the consumer goods sector.
In project development the firm worked on infrastructure projects for sponsors.
Deal highlights: 33rd edition (2023/2024)
Bilaad Realty Nigeria N10 billion sukuk issue
Lagos State Blue Line Project
Lagos State Medical Park Project
Client Feedback: 33rd edition (2023/2024)
M&A
“The lawyers are pragmatic and commercially minded. They have become more than legal advisers – they are business partners.”
Bukola Bankole
“Bukola has become my sounding board for all things Nigerian law. She is intelligent and very experienced – with a very down-to-earth approach to resolving issues I raise with her.”