Elizabeth Leckie


Elizabeth specializes in US finance and restructuring with over 30 years of experience on a broad range of finance transactions for financial institutions and corporations through all phases from origination through workout, restructuring and bankruptcy.

Her experience covers syndicated secured and unsecured lending, asset-based lending, acquisition finance, subordinated debt, structured finance, letters of credit and other bank finance transactions. 

In addition to acquisition, working capital and other corporate financings, she has deep experience in cross-border margin loan financings, especially those involving security over ADRs and GDRs, and regularly advises on complex cross-border structured finance transactions involving derivatives and repos, with a particular emphasis on issues relating to loans, loan participations and security interests.. 

Elizabeth served as lead partner in our U.S. Covid-19 response, coordinating our local and global practices to deliver market-leading thought leadership and advanced delivery solutions to our clients at the onset of the pandemic. She is a Fellow and a member of the Board of Regents of the American College of Commercial Finance Counsel and a Life Fellow of the American Bar Foundation. She is noted for her contributions to understanding and education on cross-border issues in the loan market and with respect to legal opinions. Elizabeth is active in the legal opinions community and a member of the Board of Directors of the Working Group on Legal Opinions and co-chair of its affinity group on cross-border opinions.

Until 2024, Elizabeth was also Regional Diversity, Equity and Inclusion Partner for the Americas, active locally and globally on matters affecting diversity, equity and inclusion at a policy and management level, and with hands-on experience advising and directing our many U.S. initiatives. 

Published Work

Speaking Engagements

Panelist, "How Practitioners Are Addressing Current Opinion Issues," Working Group on Legal Opinions Webinar, New York, January 2021

Panelist, “Brexit: Delays, Dramas and Developments,” LSTA & LMA Conference, New York, May 2019

Panelist, “Rationalizing Legal Opinion Practice in the Cross-Border Context,” Working Group on Legal Opinions Spring Seminar, New York, May 2019

Panelist, “Brexit and Beyond,” LMA & LSTA Joint Annual Loan Market Conference, London, March 2019

Panelist, “Current Opinion Issues and Trends: Cross-Border Transactions,” Working Group on Legal Opinions Spring Seminar, New York, May 2018

Panelist, “Cross-Border Opinions,” ABA Business Law Section Spring Meeting, Orlando, April 2018

Panelist, “Brexit: A Practical Dialogue,” LMA & LSTA Joint Annual Loan Market Conference, London, March 2018

Moderator, "U.K. and U.S. Loan Markets: Trends and Deal Terms," LSTA and LMA Conference, London, March 2017

Panelist, “Britain Without Europe; Europe Without Britain: What Will It Look Like?,” New York City Bar, New York, November 2016

Co-Chair, “Opinion Issues Relating to the EU, including EU Bail-In Provisions in Financing Agreements and Anticipating Brexit,” WGLO Fall Seminar, New York, November 2016

Presenter, “A Look Across the Pond: Effects of Brexit and Bail-in Rules in Practice,” ABA 2016 Business Law Section Annual Meeting, Boston, September 2016

Presenter, “Brexit: UK Will Leave EU,” LSTA Webcast, June 2016

Presenter, “The New European Bail-In Rules and Their Impact on US Documentation for Affected Institutions,” WGLO Webinar, April 2016

Presenter, “Update on Article 55 Bail-In,” LMA and LSTA joint conference, London, March 2016

Presenter, “What the EU Bail-In rule means for the US Loan Market,” LSTA Webcast, January 2016

Presenter, "UK and U.S. Loan Market Trends and Deal Terms," LMA and LSTA joint London conference, March 2015


Leadership Positions And Professional Affiliations

American Bar Association

The Law Society

Fellow of the American College of Commercial Finance Lawyers (ACCFL)



Admitted: Solicitor in England & Wales, 1987

Admitted: Bar of the State of New York, 1990


LL. M program, University of Illinois, 1988

M.A., Law, Oxford University, 1984

A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.