The derivatives practice at A&O Shearman handles the full range of buy‑side and sell‑side transactions, with notable strength in cross‑jurisdictional mandates. The team primarily advises global financial services groups on matters involving credit, equity, currency and digital asset products. Practice co‑head Azam Aziz regularly represents financial institutions, investment banks, global lenders and corporate issuers. Aziz’s diverse practice spans hedge fund matters, equity derivatives work, large‑scale infrastructure financings, and loan total return swap arrangements. Donna Parisi co-leads the team, with experience in hedging transactions, repurchase transactions, and securitizations. Geoffrey Goldman frequently advises derivatives clearinghouses, trading facilities, and trade repositories, with particular involvement in regulatory and market infrastructure work. James Bryson is handling contingent hedging, repo and SRT transactions, as well as being knowledgeable of the regulatory aspects of derivatives. Other noteworthy individuals include Andrew Feng, who supports on regulatory and transactional matters. All individuals that have been mentioned are based in New York.

The derivatives and structured products practice at Cadwalader, Wickersham & Taft LLP is active in credit risk transfers, CLOs, synthetic securitizations and esoteric asset class transactions. The team is co‑headed by James Frazier, who handles credit risk transfer matters, and Ivan Loncar, whose practice spans structured municipal finance, debt refinancings and warehouse facilities. Brian Foster focuses on financing, derivatives and structured products, often involved in structured and private equity investments. Lary Stromfeld is noted for his work in complex market structures, novel ESG securitizations and regulatory matters. Jed Miller advises on commercial real estate loan securitizations, credit risk transfer transactions and significant risk transfer structures. Patrick Calves handles hedge fund interests, mortgage loan repurchase facilities and secured back leverage financings, reflecting the group’s broader expertise in complex financing arrangements. Daniel Meade joined the Washington DC office from Paul, Weiss, Rifkind, Wharton & Garrison LLP in February 2025, bringing experience in commercial real estate loan matters. All lawyers mentioned are based in New York unless otherwise noted.

Praised by clients as the 'absolute top tier for equity derivatives,' the derivatives team at Cleary Gottlieb Steen & Hamilton operates across the healthcare, fintech, banking, and oil‑and‑gas sectors, with particularly deep strength in financial services. The group's roster of clients includes Coinbase, Goldman Sachs and Morgan Stanley. The group is jointly led by Deborah North, Clayton Simmons, and Brandon Hammer. North handles a broad spectrum of derivatives and structured finance transactions, with notable experience in regulatory matters, cross‑border security arrangements and stock lending structures. North regularly engages with the SEC and CFTC, and is regarded as a 'standout partner' who is 'sharp, tailored and incredibly commercial.' Clayton Simmons, described by clients as an 'incredible sharp attorney,' focuses on the equity side of the practice, advising on accelerated share purchase transactions, bilateral repo arrangements and securities‑backed credit facilities. Hammer is frequently involved in financial regulatory and digital asset matters, while Brian Morris is a key contact for commodities and derivatives regulation, often advising banks and other financial institutions. All lawyers mentioned are based in New York.

Advising major aerospace, technology, cryptocurrency and fintech clients, Davis Polk & Wardwell LLP maintains its presence in equity and equity‑linked financings, securities underwriting and public offerings, frequently acting for underwriters, initial purchasers and issuers across complex capital markets transactions. Co‑leading the group, Christopher Schell is highly regarded for his work on structured‑products financing transactions, while fellow co‑head Mark Mendez brings extensive experience in convertible, exchangeable and other equity‑linked offerings. Caitlin Wood advises on a wide range of equity‑related matters, including public and private convertible and exchangeable securities offerings, as well as accelerated share repurchase programs. Yan Zhang primarily represents financial institutions in offerings of structured products and is noted for her expertise across diverse asset classes. Mark DiFiore focuses on equity‑linked transactions, particularly convertible notes offerings, which often involve cross‑border elements. Derek Walters handles exchangeable notes transactions and is especially active in the technology and fintech sectors. All lawyers mentioned are based in New York.

The group at Fried, Frank, Harris, Shriver & Jacobson LLP is active across both the buy‑side and sell‑side of the derivatives regulatory practice, and regularly represents global banks, fintech companies and other major market participants. The team is engaged in matters involving market‑linked products, hedge funds, private equity funds and real estate funds. Ray Shirazi co‑leads the practice from New York, advising on a broad range of transactional and regulatory issues, with particular experience in equity‑linked derivatives and commodity‑based structured products. In Washington DC, fellow co‑head William Breslin focuses on accelerated share repurchase agreements, hedge fund matters and synthetic asset‑based financings. David Mitchell brings expertise in futures, swaps and derivatives, including electronic trading facilities and regulatory compliance. Nihal Patel regularly represents financial institutions on regulatory, compliance and structured finance matters, often involving commercial mortgage‑backed securities and other structured products. Michael Yu is active in structured notes programs, FX forwards, hedging arrangements and regulatory structuring. Other noteworthy individuals include Josh Xiong, who supports clients across a wide range of asset classes. All individuals mentioned are based in New York unless stated otherwise.

The practice at Latham & Watkins focuses on equity derivatives and is recognised for its capabilities across regulatory, enforcement and litigation matters. The team advises on the full spectrum of over‑the‑counter derivatives and exchange‑traded products and is particularly active in the cryptocurrency, financial services, pharmaceutical, and oil and gas sectors. The New York‑based group is led by Rafal Gawlowski, Yvette Valdez, Douglas Yatter and Courtenay Myers Lima. Gawlowski is experienced in revolving credit facilities, margin loan matters and share repurchase transactions. Valdez has notable expertise in the crypto‑derivatives markets and advises on hedging mandates and financings. Yatter specialises in derivatives enforcement and litigation matters, frequently representing cryptocurrency exchanges. Myers Lima advises on structured products, capital markets matters and bank and broker‑dealer regulatory issues. Witold Balaban is noted for his work on cross‑border transactions, including convertible debt and hedging arrangements and capped‑call transactions. Catherine Lee focuses on equity‑linked capital markets transactions and is sought after for her experience with share repurchase and capped‑call transactions. Reza Mojtabaee-Zamani advises on debt and hedging arrangements and IPO margin loans, while Eric Rice handles capital markets and monetization transactions. Other key contacts include counsel Polina Tulupova, active in convertible debt and capped‑call transactions, and counsel Melissa Ferraro, who joined the team from Linklaters LLP in September 2025.

The derivatives group at Clifford Chance handles structured finance, securitization, and derivatives transactions, with its clientele comprising arrangers, acquirers, and financiers. Key clients include private equity and investment firms as well as banks, such as KKR, Nuveen Alternative Advisors, and TPG Angelo Gordon. Co-leading the practice, Gareth Old is involved in securitization, credit risk transfer, and collateralized fund obligation transactions. Fellow co-head Lee Askenazi is skilled in handling commercial mortgage-backed securities, revolving credit facilities, and repurchase facilities. With expertise in MBS, ABS and credit risk transfers, Alistair Dunlop is active in forward-flow purchase agreements, consumer loans and financing matters. Rebecca O'Brien focuses on private credit-related matters and securitizations, while Andrew Des Rault is geared to support on credit risk transfers and commercial real estate transactions. All individuals that have been mentioned are based in New York.

Experienced in regulatory compliance and contentious derivatives matters, the team at Katten is sought after by derivatives exchanges, brokerage firms and financial services institutions. Splitting his time between Chicago and New York, practice co‑head Lance Zinman advises on crypto and blockchain matters and handles regulatory investigations. Fellow co‑heads Daniel Davis in Washington DC and Carl Kennedy in New York both focus on financial markets regulation. Davis is well-versed in CFTC matters, energy contracts and crypto‑derivatives products, while Kennedy brings deep expertise in over‑the‑counter and listed derivatives and is also experienced in high‑stakes regulatory and transactional matters. In Chicago, Christian Kemnitz is noted for defending financial services firms in litigation and CFTC enforcement actions, and is also experienced in derivatives regulatory issues involving the CFTC and broader domestic and international regulatory matters. In New York, Stephen Morris advises on interpreting the SEC Treasury‑clearing mandate, comparing clearing‑agency rules and addressing market‑structure integration issues. Chicago‑based Brian Poronsky defends trading firms and investment banks in arbitrations, federal court proceedings and financial services litigation, including multi‑district matters, and also advises on regulatory and enforcement investigations. In New York, Alexander Kim is noted for his contributions to derivatives regulatory matters.

The group at White & Case LLP brings expertise across both buy‑side and sell‑side derivatives matters, with strong capabilities in financing and capital markets transactions. The firm is active across a wide range of industries, including energy, mining and metals, travel, automotive and financial services, and counts Société Générale, The Hertz Corporation and Microsoft Corporation among its notable clients. Regarded as an 'excellent partner' with a 'creative' approach, Ian Cuillerier heads the practice, regularly advising sponsors, borrowers, equity investors and lenders. His recent caseload includes interest‑rate derivatives transactions, regulatory advice and hedging arrangements, often involving multijurisdictional elements. The team was recently strengthened by the arrival of Rubi Ali, who joined from Jones Day in January 2026 and brings experience in advising financial institutions, investment funds and corporations on derivatives and fixed‑income transactions, as well as related regulatory issues. Other noteworthy individuals include Joseph Chen, who supports clients across a diverse range of matters. All individuals mentioned are based in New York.

The ‘highly personable and user-friendly’ team at Eversheds Sutherland is equipped to advise on derivatives regulatory, enforcement, and transactional issues, with particular activity in energy-related matters. The Washington-based team is jointly led by the capable quartet of Meltem Kodaman, David McIndoe, Raymond Ramirez, and R. Michael Sweeney Jr. Kodaman brings expertise in securities and commodities regulatory advice, structuring novel transactions, in addition to engagement with foreign exchange, equity and commodity products. McIndoe and Sweeney Jr specialize in energy and commodity trading, often handling cross-border trading frameworks and related regulatory matters. Ramirez advises government-sponsored enterprises, asset managers, and insurance companies on derivatives trading issues, and on compliance with the CEA and the CFTC. Other key contacts include Nana Amoo and Aleeza Kanner, who are geared to support on a range of derivatives matters. All lawyers mentioned are based in Washington DC.

The practice at Haynes and Boone CDG, LLP is often engaged in investment management and digital assets related work, with its offering spanning transactions and regulatory issues, and is regarded by clients for its 'deep technical expertise combined with a highly commercial, execution-focused approach.' The team is co-headed by Brian Sung, who is active in repo transactions, digital asset-linked derivatives and structured products transactions, and hedging arrangements. Fellow co-head Michele Navazio joined the team from Seward & Kissel LLP in April 2025, bringing expertise in total return swaps, significant risk transfer transactions, credit default swaps, and commodity forward transactions. In Charlotte, Edward Ivey is active in regulatory and cryptocurrency-related matters and brings 'specialist expertise in the digital assets and tokenization space.’ Other key contacts include Matthew Frankle, who has been noted as a 'highly knowledgeable and commercially oriented finance lawyer,' alongside Matthew Howes and Erica Penn-Mensah who assist on complex finance transactions and trading documentation. All lawyers are based in New York, unless stated otherwise.

The derivatives practice at Hogan Lovells US LLP encompasses the full spectrum of transactional, regulatory and contentious work, with a core emphasis on derivatives transactions. The team frequently acts for major multinational banks and is active across sectors including healthcare and manufacturing. Praised by clients for his ‘encyclopedic understanding of all things related to derivatives and markets,’ Edward So joined the firm as practice head from White & Case LLP in May 2025. He is highly experienced in ATM transactions, hedging arrangements and equity derivatives matters, and is also adept at advising on related regulatory and tax issues. Marvin Goldstein focuses on commodities and derivatives law, bringing expertise in revolving credit facilities, bespoke finance structures and high‑stakes litigation. Other key lawyers include Lauren Kimmel, who assists on a range of transactional and regulatory matters. All lawyers mentioned are based in New York.

The group at Morrison Foerster advises on regulatory and transactional derivatives matters, with a client roster that includes multinational banks, financial services institutions, investment banks and asset managers. The team is well placed to handle an extensive array of asset classes, spanning fixed income, foreign exchange, equity, commodities, credit and digital assets. Rhys Bortignon heads the practice and advises clients on both the buy‑side and sell‑side, with recent activity in repo transactions, finance‑linked hedging documentation, derivatives arrangements and related regulatory issues. Tyler Miller is experienced in FX trading documentation, financings and commodity derivative transactions. All individuals mentioned are operating out of New York.

Noted for its 'expertise in the tender option bond space,' the practice at Orrick, Herrington & Sutcliffe is a key port of call for transaction structuring, securities law advice and regulatory matters. The team is sought after by multinational banks, investment banks, private equity firms and digital infrastructure companies, and is well equipped to handle a broad range of derivatives and structured products work. Practice head Nikiforos Mathews maintains a diverse practice spanning bespoke transactions, including hedging and repo arrangements, as well as advising on swap‑regulatory matters and trading documentation. Al Sawyers focuses on complex tax structuring, real estate financings, synthetic risk transfers and credit risk transfer transactions, and is also adept at handling esoteric structures. Jonas Robison frequently assists on matters involving foreign exchange, equity option and cleared derivative agreements, alongside regulatory and trading‑related issues. All lawyers mentioned are based in New York.

The team at Paul, Weiss, Rifkind, Wharton & Garrison LLP is well-equipped to advise both buy-side and sell-side clients on derivatives instruments and transactions. The practice is primarily handling regulatory compliance, hedging transactions, and acquisition financings, with notable activity in the digital assets and cryptocurrency industries. Manuel Frey heads up the offering, with expertise in cross-border OTC derivatives, hedging arrangements, credit risk transfers, and regulatory matters, and he regularly advises investment funds and global financial institutions. Kerri Durso is engaged in matters involving total return swaps, data center infrastructure financings and bankruptcy-related matters. Hilary Christian is experienced in significant risk transfer transactions and repo-based leverage transactions. Sean Anderson specializes in the regulatory aspects of derivatives and structured products transactions. All lawyers mentioned are based in New York.

Regularly advising multinational financial services institutions, the derivatives and structured products group at Sidley Austin LLP is well placed to act on both the buy‑side and sell‑side of complex transactions. In Chicago, Elizabeth Schubert is active across matters involving brokerage, digital assets and swaps, while Boston‑based Ellen Pesch handles both transactional and regulatory issues, including revolving credit facilities and cross‑border derivatives regulatory matters. In New York, William Massey focuses on securities offerings, equity derivatives work and broader corporate law mandates. Also in New York, Michael Kohler represents issuers and underwriters in securities law and corporate finance matters, while Prabhat Mehta is experienced in structured products and equity derivatives transactions, frequently advising on energy and real estate‑related matters.

The derivatives practice at Simpson Thacher & Bartlett LLP advises on a broad range of transactions, including large‑scale infrastructure financings and capital markets matters. The team’s client base spans the energy, data infrastructure, asset management, automotive and aerospace sectors. New York‑based Jonathan Lindabury, who heads the group, is active across derivatives transactions and regulatory advisory work, with recent mandates involving leveraged acquisition financings, convertible senior notes offerings, equity hedging arrangements, and capped call transactions. Considered by clients an ‘absolute star,’ Marc Langer joined the team from Goldman Sachs in April 2025, bringing strength in OTC equity derivatives, regulated swaps and margin lending matters. All lawyers mentioned are based in New York.

Willkie Farr & Gallagher LLP is well-equipped to handle transactional and regulatory advice relating to derivatives matters, with particular strength in energy-related work. The team is also experienced in physical, financial and digital commodities, including energy and environmental commodities, metals, agricultural products, foreign currencies and digital currencies. John Thomas heads up the group from New York, with experience in municipal bond commodity prepayment transactions, commodity derivatives transactions and regulatory matters in relation to the CFTC and FERC. Rita Molesworth is skilled at advising on CFTC and OTC derivative regulatory matters, while Kari Larsen is also knowledgeable in these areas. Chelsea Pizzola joined the team in Washington DC in June 2025, bringing expertise in derivatives, commodities and securities regulation. Tamika Bent is versed in commercial real estate transactions and crypto-currency related matters. All lawyers are based in New York, unless stated otherwise.

The practice at Baker Botts L.L.P. focuses on derivatives transactions and regulatory compliance, with particular strength in the energy and commodities markets. The team is particularly adept at handling corporate finance-related derivatives, and is jointly led by New York's Evan Koster and Washington DC's Michael Loesch. Koster joined the team from Hogan Lovells US LLP in February 2025, bringing expertise in a broad spectrum of matters covering securities-based swaps, energy derivatives, and repo transactions, often involving cross-border elements, while Loesch primarily advises on regulatory matters. In Dallas, David Emmons is particularly experienced in cross-border transactions, with a focus on credit default swaps, alongside Jonathan Goldstein who is also active in these. In Washington DC, Elaine Walsh predominantly advises renewable energy, oil and gas, and utility companies, in relation to energy asset acquisitions and regulatory issues. Other noteworthy individuals include the New York-based Ignacio Beheran.

The derivatives practice at Gibson, Dunn & Crutcher LLP spans transactional, regulatory and contentious matters, and is particularly active in the engineering, energy, cryptocurrency, and aerospace sectors. Jeffrey Steiner heads up the group from Washington DC; he brings particular knowledge of complex regulatory issues in relation to the CFTC, SEC, and ISDA, and is well-versed in global derivatives regulations. In New York, Adam Lapidus focuses on transactions, with experience in contingent FX hedging, interest rate hedging, novel prepaid forward transactions, and ATM equity offerings.

The derivatives offering at Goodwin spans equity and debt capital markets transactions. The group is jointly led by Edwin O’Connor and John Servidio in New York, alongside James Barri in Boston. O’Connor’s recent caseload includes capped call transactions, while Servidio is also active in this area, often representing issuers and underwriters. Barri frequently represents investment banks as underwriters in public convertible note offerings. The team is engaged in derivatives transactions spanning the energy, life sciences, investment management, and financial services industries.

The derivatives and structured products group at Herbert Smith Freehills Kramer is particularly active in credit derivatives matters, frequently representing buy‑side participants on regulatory issues involving industry bodies such as ISDA, SIFMA, MFA, the CFTC and FIA. Leading the team from New York, the 'responsive, thoughtful, commercial' Fabien Caruzzo advises on both transactional and regulatory derivatives matters, with a strong focus on asset manager clients and cross‑border work. He brings expertise in master‑netting and collateralization, ISDA master agreements and repurchase agreements. In New York, Linda Sharkey provides support across a broad range of matters.

Regularly advising asset managers, the structured finance and derivatives team at McDermott Will & Schulte handles regulatory compliance, tax structuring and public finance transactions. Noted by clients as 'knowledgeable' and 'insightful,' Jonathan Ching co‑leads the practice, bringing expertise in structured credit transactions, asset‑based finance and matters involving insurance‑related and digital assets as well as commodities. Fellow co‑head David Taub offers experience in municipal derivatives, distressed municipal credits and fintech‑related issues. Andrew Kummer is active across structured finance and derivatives mandates, with recent involvement in forward flow arrangements, credit facilities and warehouse financing transactions. All lawyers mentioned are based in New York.

The team at Skadden, Arps, Slate, Meagher & Flom LLP focuses its derivatives practice on SEC enforcement investigations, compliance with SEC and CFTC rules, and transactional matters. Its client base includes asset managers and energy companies, as well as global banking and financial services institutions. New York‑based Yossi Vebman, who leads the group, advises on share‑forward transactions, total‑return swaps and equity‑linked matters. David Meister is sought after for his representation of high‑profile firms in SEC investigations often relating to derivatives transactions. All individuals mentioned are based in New York.