"Jeremy is very good at cutting through a mass of detail and getting to the point. He has an art of being able to turn something very complex into something readily understandable."
Chambers UK 2019

Overview

Jeremy Clay is Managing Partner of Mayer Brown. A member of the firm’s London Real Estate practice, he has served on Mayer Brown’s Management Committee since 2012.

Jeremy represents investors, developers, banks and corporate clients in all kinds of structured development, investment and finance transactions.

Consistently ranked as a leading individual by the legal directories, Jeremy is described by clients as being "very practical" and "incredibly commercial in the way he thinks about things." (Chambers UK 2014). He is a "very effective negotiator" who "speaks authoritatively on whatever you ask him" and "keeps his cool throughout." "He was easily the most impressive lawyer that I have worked with for ages. He is exceptionally and unusually impressive. He takes a pragmatic approach to things and sees the wider picture" says one client (Chambers UK 2013); he "is good at keeping things in context; he thinks laterally about points and doesn't take silly positions" notes Chambers UK 2012. He "ably leads complex deals and is a very effective negotiator" (Legal 500 2012); "excellent in all aspects" (Legal 500 2011). Sources say "He exudes confidence, and has the ability to match. He's practical on what the real issues are and aren't" notes Chambers UK 2011. Legal 500, 2010 values his "sound judgment coupled with good common sense." He is held in extremely high regard for "his expert technical and negotiating capabilities" notes Chambers & Partners UK Directory 2009. He is "an excellent negotiator and transaction manager" (Legal 500, 2009) and has been called an "exceptional lead lawyer, providing practical advice on complex issues and really delivering to a tight schedule when needs be", he "typifies the common-sense ethos of the firm" (Chambers UK 2007). A client called him "smart, savvy" and "the best business person I have worked with in any law firm who heads an increasingly impressive practice.” (UK Legal 500 2006) Jeremy has also been rated by clients as an "impressively original thinker" who is "fantastic to work with and technically skilled” flagging up, in particular, his flexibility and knack of ensuring punctual delivery (The Chambers Directory 2005).

Spoken Languages

  • English

Experience

  • Advising Ashkenazy Acquisition Corporation on the purchase of Old Spitalfields Market, London for £105 million.
  • Advising a Crosstree Real Estate Partners/Helical Bar plc joint venture in relation to the purchase of properties adjoining London’s Old Street roundabout for £60.75 million.
  • Advising British Land on their £129.6 million acquisition of the Clarges Estate in Mayfair.
  • Advising a US financial institution in its participation in the acquisition of a loan portfolio from Bank of Ireland for $1.8 billion secured principally by high quality, London-based office, multifamily and retail properties.
  • Advised Canary Wharf Group plc in a joint venture with Qatari Diar Real Estate Investment Company to conclude an agreement with Shell International to redevelop the Shell Centre site at South Bank.
  • Advised JPMorgan Chase Bank on the £495 million acquisition and refurbishment of 25 Bank Street, Canary Wharf, London.
  • Advised British Land plc on their acquisition of a mixed office and retail investment property in Victoria, London and on their acquisition of Grenfell Island, a prime office and leisure scheme in Maidenhead, UK.
  • Acted for Unilever in relation to the redevelopment, sale and lease back of its European HQ.
  • Advised the Canary Wharf Group on a joint venture with a MSREF Fund to undertake the redevelopment of the 300,000 square foot office development, Drapers Gardens scheme, in the City of London.
  • Advised M3 Capital on the takeover as Investment Manager and restructuring of a European Platform (based in Jersey) investing in Central and Eastern European properties.
  • Advised Sloane Capital on the purchase and financing of 9 Place Vendôme, Paris at a price in excess of €600m.
  • Advised SloaneCap on the forward purchase and leaseback of the Standard Chartered Headquarters’ building developed at 35 Basinghall Street, London EC2 (and then on its subsequent forward sale). Also advised the same client on the forward purchase of the Hilton Hotel at Canary Wharf.
  • Advised St Modwen plc on numerous developments including the redevelopment of: Edmonton Green involving the development of over 300,000 sq ft of retail space (including a new Asda superstore), offices, new leisure centre, new health centre, bus station and approximately 170 new flats; Hatfield Town Centre: a complex mixed use scheme covering some 3.3ha (8.1 acres) of land; comprising retail, A3, community facilities and affordable and private sector housing elements; and Bedford Town Centre.
  • Advised Bear Stearns on the development and letting of its European Headquarters at Canary Wharf.

Perspectives

Education

University of Oxford, Law

Admissions

  • England and Wales

Consistently ranked as a leading individual by the legal directories

  • Jeremy Clay heads the firm's global real estate team. He regularly acts for private equity funds and financial institutions, as well as property companies, on very high-value investment acquisitions and development projects. A client says: "Jeremy is very good at cutting through a mass of detail and getting to the point. He has an art of being able to turn something very complex into something readily understandable." (Chambers UK 2019).
  • Global real estate head Jeremy Clay wins praise from industry sources as "one of the top people you'd go to for a structured asset disposal." He concentrates his practice on investment and development transactions on behalf of clients including private equity funds, prominent financial institutions and property companies. Sources praise his "highly pragmatic and commercial style." (Chambers UK 2018).
  • “Very commercial and knowledgeable.” (IFLR 1000 2017).
  • Global head of practice Jeremy Clay, is "client driven and commercial". (Legal 500 2017).
  • Jeremy Clay draws on extensive expertise in structured development and financing matters to advise financiers, developers and corporate end-users on their real estate issues. Market commentators note his "fantastic" skill set, saying that "his negotiation skills are very effective." (Chambers UK 2017).
  • Mayer Brown International LLP’s "fantastic" global practice head Jeremy Clay advised Brookfield Property Partners on its acquisition of Center Parcs from Blackstone. (Legal 500 2016).
  • The "extremely good" Jeremy Clay is well regarded by peers. He regularly advises on structured real estate transactions and other investment matters, as well as a range of development issues. (Chambers UK 2016).
  • Global practice head Jeremy Clay is "wise, commercially savvy, and unafraid to get involved in the nitty-gritty". (Legal 500 2015).
  • Jeremy Clay leads the firm's worldwide real estate practice. "I think he is outstanding," enthuses one client; "he is at the top of his game. Very commercial and will properly play his part in a negotiation." (Chambers UK 2015).
  • Jeremy is described by clients as being "very practical" and "incredibly commercial in the way he thinks about things." (Chambers UK 2014).
  • He is a "very effective negotiator" who "speaks authoritatively on whatever you ask him" and "keeps his cool throughout." "He was easily the most impressive lawyer that I have worked with for ages. He is exceptionally and unusually impressive. He takes a pragmatic approach to things and sees the wider picture" says one client (Chambers UK 2013).
  • He "is good at keeping things in context; he thinks laterally about points and doesn't take silly positions" (Chambers UK 2012).
  • He "ably leads complex deals and is a very effective negotiator" (Legal 500 2012).
  • "excellent in all aspects" (Legal 500 2011).
  • Sources say "He exudes confidence, and has the ability to match. He's practical on what the real issues are and aren't" (Chambers UK 2011).
  •  "sound judgment coupled with good common sense" (Legal 500, 2010). 
  • He is held in extremely high regard for "his expert technical and negotiating capabilities" (Chambers & Partners UK Directory 2009).
  • He is "an excellent negotiator and transaction manager" (Legal 500, 2009).
  • Has been called an "exceptional lead lawyer, providing practical advice on complex issues and really delivering to a tight schedule when needs be", he "typifies the common-sense ethos of the firm" (Chambers UK 2007).
  • A client called him "smart, savvy" and "the best business person I have worked with in any law firm heads an increasingly impressive practice.” (UK Legal 500 2006).
  • Jeremy has also been rated by clients as an "impressively original thinker" who is "fantastic to work with and technically skilled” flagging up, in particular, his flexibility and knack of ensuring punctual delivery (The Chambers Directory 2005).