With experience spanning the full range of domestic and international rail matters, the lawyers in our market-leading rail practice are skilled at handling substantial rail matters around the world. Our legal knowledge encompasses every aspect of the rail industry, allowing us to provide our clients with commercial, pragmatic and innovative advice and support.

Norton Rose Fulbright is our first choice for rail legal advice. They clearly understand the market and our own requirements.Chambers UK, 2022

Our clients include train operating companies, state-owned rail entities, rolling stock owning companies (ROSCOs), banks, development contractors and financiers, lessors, rolling stock manufacturers, depot operators, local authorities, governments and regulatory bodies.

The global rail industry continues to evolve. Infrastructure investment is set to grow in line with increasing demand for railway services. Digitalization of railways is bringing new opportunities as is the vital activity of developing a greener industry. Our in-depth industry knowledge and experience gained from all sides of rail transactions is enabling us to support our clients throughout this evolution.

Our areas of work include

  • Asset and lease financing, project finance, capital markets, structured finance, commodity finance and securitization
  • Corporate finance, M&A and privatization
  • Employment and labor, including benefits and pensions
  • Environmental law
  • Franchising and concessions
  • Health and safety
  • High-speed rail
  • Infrastructure (including track, signaling and airport links), procurement, construction and finance
  • Intellectual property, ticketing and technology and digital railway
  • Light rail, trams, underground and metro projects
  • Litigation and disputes
  • PFI/PPP/P3
  • Procurement law, competition law and rail regulation, including EU law, public law, anti-competition and state aid
  • Rail regulatory advice
  • Real estate, including urban development and planning
  • Rolling stock procurement, acquisition, supply, financing, leasing, maintenance and refurbishment
  • Station and depot procurement, construction, financing and access
  • Tax
  • Track, station and depot access and financing
  • Traffic management systems
  • Urban development
Market recognitions
  • Chambers UK, UK-wide: Asset Finance: Rail Finance (Band 1), Chambers and Partners, 2022
  • Chambers UK, UK-wide: Transport: Rail: Projects & Infrastructure, Chambers and Partners, 2022
  • Chambers UK, UK-wide: Transport: Rail: Rolling Stock (Band 1), Chambers and Partners, 2022
  • Legal 500 UK, Transport finance and leasing (Tier 1), The Legal 500, 2022 
  • Legal 500 UK, London: Rail (Tier 1), The Legal 500, 2022


A light shining on two rail tracks coming together


Transport perspective

Railway train station


Great British Railways: The Williams-Shapps Plan for Rail (the "Plan")



Impact of Brexit on Transport