Waterfront has been highly ranked in the just-published 2023 edition of The Legal 500.

The international legal guide classes Waterfront as an elite firm in the intellectual property, mergers and acquisitions and venture capital categories.

The Legal 500 praises the work of Waterfront's intellectual property lawyers Matthew Harris, Piers Strickland and Phil Leonard, saying the firm has an "excellent range of hugely experienced IP litigators'' advising SMEs and large corporations. It focuses on Matthew Harris' work in the agrochemicals sector and Piers Strickland's reputation acting for household names, including in the food and beverage, retail, financial services and fashion industries. The guide also refers to Waterfront's notable High Court appearances relating to copyright and unregistered design infringement issues.

Waterfront's mergers and acquisitions team is described as "smart, agile, responsive and technically excellent'' by The Legal 500. It highlights the work of Angus Young, Waterfront's Head of Corporate, and the firm's expertise in private mergers and acquisitions, cross border transactions, joint ventures and complex commercial arrangements.

The Legal 500 calls Waterfront's venture capital team "very knowledgeable'', with "incredible agility'' and says it acts a "steady pair of hands'' for entrepreneurs, company founders and early-stage investment funds mentioning partners Matthew Cunningham and Angus Young.