Bloomberg Finance L.P. - GLOBAL LEGAL ADVISERS...Latham & Watkins LLP 9 2.855 2,557 12 15 2.094...
Transcript of Bloomberg Finance L.P. - GLOBAL LEGAL ADVISERS...Latham & Watkins LLP 9 2.855 2,557 12 15 2.094...
GLOBAL LEGAL ADVISERSLEAGUE TABLESQ1 2020
The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array of deal types including loans,
bonds, equity and M&A transactions; according to Bloomberg standards.
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Professional Service.
LEGAL ADVISER RANKINGS
LEGAL CAPITAL MARKETS
DATA SUBMISSIONS AND QUERIES
Contact EmailPhone
Q1 2020
Equities
Fixed Income
Loans
Larisa Bykova
Andrea Niper
Nadine Ali
+1 646 324 2355
+1 609 279 3880
+44 20 3525 8782
© 2020 Bloomberg Finance L.P. All rights reserved.
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page1
GlobalEquity,EquityLinked&RightsGlobalEquity,EquityLinked&Rights:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
King&WoodMallesons 1 7.180 6,430 15 9 2.908 4.272
SimpsonThacher&Bartlett 2 4.338 3,885 8 13 2.150 2.188
DavisPolk&Wardwell 3 4.062 3,638 11 10 2.515 1.547
JunHeLLP 4 3.979 3,563 10 72 0.262 3.717
WilsonSonsiniGoodrich&Rosati 5 3.488 3,124 7 3 4.773 -1.285
GoodwinProcterLLP 6 3.421 3,064 13 12 2.218 1.203
GrandallLawFirm 7 3.191 2,858 15 24 0.986 2.205
MorganLewis&BockiusLLP 8 2.947 2,640 3 161 0.028 2.919
Latham&WatkinsLLP 9 2.855 2,557 12 15 2.094 0.761
CliffordChanceLLP 10 2.680 2,400 5 25 0.984 1.696
PaulWeissRifkindWharton&Garrison
11 2.612 2,339 4 50 0.445 2.167
ClearyGottliebSteen&Hamilton 12 2.175 1,948 5 23 1.120 1.055
ZhongLunLawFirm 13 2.077 1,860 18 19 1.359 0.718
LefosseAdvogados 14 1.909 1,710 2 122 0.089 1.820
LinklatersLLP 15 1.716 1,537 4 4 4.614 -2.898
VenableLLP 16 1.655 1,482 7 14 2.122 -0.467
CooleyLLP 17 1.649 1,477 16 16 1.957 -0.308
DLAPiperLLP 18 1.498 1,342 11 101 0.136 1.362
Winston&StrawnLLP 19 1.495 1,339 5 - - 1.495
SidleyAustinLLP 20 1.335 1,195 4 44 0.484 0.851
TOTAL 100% 89,556 482 100%
GlobalEquity,EquityLinked&Rights:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
ConyersDill&Pearman 1 0.93 27
ZhongLunLawFirm 2 2.08 18
CooleyLLP 3 1.65 16
GrandallLawFirm 4 3.19 15
King&WoodMallesons 4 7.18 15
GoodwinProcterLLP 6 3.42 13
Latham&WatkinsLLP 7 2.86 12
DLAPiperLLP 8 1.50 11
DavisPolk&Wardwell 8 4.06 11
JunHeLLP 10 3.98 10
Appleby 11 0.06 9
Jingtian&Gongcheng 11 0.50 9
AllbrightLawOffice 13 0.47 8
Maples&Calder 13 0.84 8
SimpsonThacher&Bartlett 13 4.34 8
BeijingDehengLaw 16 0.41 7
StikemanElliott 16 1.22 7
VenableLLP 16 1.66 7
WilsonSonsiniGoodrich&Rosati
16 3.49 7
BakerMcKenzie 20 0.73 6
Bloomberg GlobalLegalAdviser|Q12020
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GlobalEquity,EquityLinked&RightsGlobalEquity,EquityLinked&Rights:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 10.893 8,030 36 1 14.813 -3.920
Latham&WatkinsLLP 2 10.488 7,732 23 2 11.596 -1.108
SimpsonThacher&Bartlett 3 6.029 4,445 8 10 2.771 3.258
Shearman&SterlingLLP 4 5.664 4,175 5 14 1.875 3.789
Ropes&GrayLLP 5 5.043 3,718 10 7 3.804 1.239
LinklatersLLP 6 4.290 3,162 10 5 5.887 -1.597
HuntonAndrewsKurthLLP 7 3.736 2,754 3 21 1.060 2.676
PinheiroGuimaraesAdvogados 8 3.479 2,565 2 - - 3.479
GoodwinProcterLLP 9 2.588 1,908 13 3 6.982 -4.394
SidleyAustinLLP 10 2.580 1,902 5 6 4.370 -1.790
Allen&OveryLLP 11 2.564 1,890 4 4 6.474 -3.910
OslerHoskin&HarcourtLLP 12 2.009 1,481 6 23 0.880 1.129
CravathSwaine&Moore 13 1.913 1,410 1 27 0.753 1.160
SkaddenArpsSlateMeagher&FlomLLP
14 1.893 1,396 8 8 3.364 -1.471
CooleyLLP 15 1.709 1,260 10 13 2.119 -0.410
CliffordChanceLLP 16 1.698 1,252 5 30 0.550 1.148
FreshfieldsBruckhausDeringer 17 1.670 1,231 3 25 0.759 0.911
FangdaPartners 18 1.653 1,219 4 37 0.382 1.271
CahillGordon&Reindel 19 1.651 1,217 3 11 2.513 -0.862
Winston&StrawnLLP 20 1.492 1,100 1 - - 1.492
TOTAL 100% 73,721 354 100%
GlobalEquity,EquityLinked&Rights:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 10.89 36
Latham&WatkinsLLP 2 10.49 23
GoodwinProcterLLP 3 2.59 13
CooleyLLP 4 1.71 10
LinklatersLLP 4 4.29 10
Ropes&GrayLLP 4 5.04 10
MintzLevinCohnFerrisGlovsky&PopeoPC
7 0.46 8
SimpsonThacher&Bartlett 7 6.03 8
SkaddenArpsSlateMeagher&FlomLLP
7 1.89 8
White&CaseLLP 7 1.48 8
EllenoffGrossmanSchole&CyruliLLP
11 0.06 7
BlakeCassels&GraydonLLP 12 0.58 6
Covington&Burling 12 0.37 6
LowensteinSandlerLLP 12 0.11 6
OslerHoskin&HarcourtLLP 12 2.01 6
TianYuanLawFirm 12 0.53 6
ZhongLunLawFirm 12 0.10 6
BakerMcKenzie 18 0.36 5
CliffordChanceLLP 18 1.70 5
Commerce&FinanceLawOffices 18 0.39 5
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GlobalEquityIPOGlobalEquityIPO:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
King&WoodMallesons 1 17.319 5,145 10 6 3.634 13.685
SimpsonThacher&Bartlett 2 10.794 3,207 6 65 0.137 10.657
ZhongLunLawFirm 3 5.565 1,653 14 9 3.242 2.323
DavisPolk&Wardwell 4 5.147 1,529 3 21 1.336 3.811
Winston&StrawnLLP 5 4.506 1,339 5 - - 4.506
PaulWeissRifkindWharton&Garrison
6 3.703 1,100 1 - - 3.703
Latham&WatkinsLLP 7 3.608 1,072 3 5 4.500 -0.892
JunHeLLP 8 3.495 1,038 7 31 0.780 2.715
StikemanElliott 9 2.802 832 2 22 1.255 1.547
LawFirmofSalahAl-Hejailan/The 10 2.355 700 1 46 0.349 2.006
ShardulAmarchandMangaldas&Co
11 2.349 698 1 20 1.391 0.958
GlobalLawOffice 12 2.079 618 1 - - 2.079
ShanghaiUnitedLawFirm 13 1.743 518 1 - - 1.743
Allen&Gledhill 14 1.637 486 2 70 0.103 1.534
GrandallLawFirm 15 1.464 435 5 19 1.606 -0.142
Fenwick&WestLLP 16 1.453 432 2 - - 1.453
WeilGotshal&MangesLLP 17 1.431 425 1 11 2.422 -0.991
White&CaseLLP 18 1.274 379 2 - - 1.274
ConyersDill&Pearman 19 1.249 371 22 17 1.676 -0.427
Maples&Calder 20 1.061 315 5 27 0.974 0.087
TOTAL 100% 29,709 187 100%
GlobalEquityIPO:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
ConyersDill&Pearman 1 1.25 22
ZhongLunLawFirm 2 5.56 14
King&WoodMallesons 3 17.32 10
Appleby 4 0.18 9
Jingtian&Gongcheng 5 0.40 8
JunHeLLP 6 3.49 7
SimpsonThacher&Bartlett 7 10.79 6
GrandallLawFirm 8 1.46 5
Maples&Calder 8 1.06 5
Ogier 8 0.46 5
Winston&StrawnLLP 8 4.51 5
AllbrightLawOffice 12 0.43 4
BeijingDehengLaw 12 0.71 4
ChinaCommercialLawCo 12 1.00 4
Commerce&FinanceLawOffices
12 0.51 4
BeijingDentonsLawOfficesLLP
16 0.25 3
DLAPiperLLP 16 0.03 3
DavisPolk&Wardwell 16 5.15 3
GFELawOffice 16 0.52 3
HoganLovellsUSLLP 16 0.03 3
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GlobalEquityIPOGlobalEquityIPO:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 13.449 2,592 11 14 1.860 11.589
Latham&WatkinsLLP 2 10.955 2,111 3 7 4.675 6.280
CravathSwaine&Moore 3 7.319 1,410 1 - - 7.319
Ropes&GrayLLP 4 6.979 1,345 3 5 5.166 1.813
FangdaPartners 5 6.324 1,219 4 34 0.454 5.870
Winston&StrawnLLP 6 5.708 1,100 1 - - 5.708
DaviesWardPhillips&VinebergLLP 7 3.697 712 1 - - 3.697
Allen&OveryLLP 8 3.621 698 1 - - 3.621
CyrilAmarchandMangaldas 8 3.621 698 1 - - 3.621
CliffordChanceLLP 10 3.553 685 3 19 0.951 2.602
CooleyLLP 11 2.885 556 3 6 5.008 -2.123
TianYuanLawFirm 12 2.013 388 6 43 0.257 1.756
BlakeCassels&GraydonLLP 13 1.790 345 2 79 0.035 1.755
Kirkland&Ellis 14 1.679 324 3 10 3.229 -1.550
GreenbergTraurigLLP 15 1.552 299 2 - - 1.552
LlinksLawOffice 16 1.446 279 1 - - 1.446
SkaddenArpsSlateMeagher&FlomLLP
17 1.346 259 3 2 10.619 -9.273
JiaYuanLawOffices 18 1.223 236 1 22 0.922 0.301
Shearman&SterlingLLP 19 1.038 200 1 9 3.247 -2.209
BoreniusAttorneysLtd 20 1.029 198 1 - - 1.029
TOTAL 100% 19,271 115 100%
GlobalEquityIPO:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 13.45 11
TianYuanLawFirm 2 2.01 6
ZhongLunLawFirm 2 0.37 6
Commerce&FinanceLawOffices 4 0.66 4
FangdaPartners 4 6.32 4
King&WoodMallesons 4 0.93 4
MillerThomsonLLP 4 0.00 4
NortonRoseFulbrightLLP 4 0.24 4
Chiu&Partners 9 0.38 3
CliffordChanceLLP 9 3.55 3
CooleyLLP 9 2.88 3
HARPERGREYLLP 9 0.01 3
HowseWilliamsBowers 9 0.30 3
Jingtian&Gongcheng 9 0.28 3
Kirkland&Ellis 9 1.68 3
Latham&WatkinsLLP 9 10.95 3
Loeb&LoebLLP 9 0.42 3
Ropes&GrayLLP 9 6.98 3
SkaddenArpsSlateMeagher&FlomLLP
9 1.35 3
AllbrightLawOffice 20 0.05 2
Bloomberg GlobalLegalAdviser|Q12020
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GlobalBondsGlobalBonds:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 17.635 58,050 39 3 7.783 9.852
ClearyGottliebSteen&Hamilton 2 6.309 20,769 22 2 8.254 -1.945
Latham&WatkinsLLP 3 5.764 18,975 23 6 4.445 1.319
CravathSwaine&Moore 4 5.309 17,475 16 5 4.564 0.745
Sullivan&Cromwell 5 5.136 16,905 20 1 17.333 -12.197
SkaddenArpsSlateMeagher&FlomLLP
6 4.255 14,008 18 13 2.568 1.687
SimpsonThacher&Bartlett 7 4.040 13,300 11 10 2.967 1.073
GibsonDunn&Crutcher 8 3.706 12,200 12 11 2.762 0.944
Shearman&SterlingLLP 9 2.954 9,725 11 7 3.420 -0.466
MayerBrownLLP 10 2.339 7,700 8 35 0.572 1.767
Alston&BirdLLP 11 2.127 7,000 6 - - 2.127
McGuireWoodsLLP 12 1.899 6,250 4 22 0.928 0.971
FaegreDrinkerBiddle&ReathLLP 13 1.823 6,000 7 - - 1.823
BracewellLLP 14 1.716 5,650 7 - - 1.716
Allen&OveryLLP 15 1.667 5,486 6 42 0.324 1.343
Arnold&PorterKayeScholerLLP 16 1.549 5,100 4 19 1.295 0.254
CooleyLLP 17 1.519 5,000 4 - - 1.519
Kirkland&Ellis 17 1.519 5,000 7 21 1.273 0.246
White&CaseLLP 19 1.502 4,943 4 - - 1.502
SidleyAustinLLP 20 1.455 4,790 11 26 0.798 0.657
TOTAL 100% 329,174 328 100%
GlobalBonds:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 17.64 39
Latham&WatkinsLLP 2 5.76 23
ClearyGottliebSteen&Hamilton 3 6.31 22
Sullivan&Cromwell 4 5.14 20
SkaddenArpsSlateMeagher&FlomLLP
5 4.26 18
CravathSwaine&Moore 6 5.31 16
GibsonDunn&Crutcher 7 3.71 12
Shearman&SterlingLLP 8 2.95 11
SidleyAustinLLP 8 1.46 11
SimpsonThacher&Bartlett 8 4.04 11
JonesDay 11 1.43 9
WombleBondDickinsonUSLLP 11 1.17 9
MayerBrownLLP 13 2.34 8
BracewellLLP 14 1.72 7
FaegreDrinkerBiddle&ReathLLP
14 1.82 7
Kirkland&Ellis 14 1.52 7
Allen&OveryLLP 17 1.67 6
Alston&BirdLLP 17 2.13 6
HoganLovellsUSLLP 17 1.28 6
Jenner&BlockLLC 20 1.22 5
Bloomberg GlobalLegalAdviser|Q12020
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GlobalBondsGlobalBonds:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 16.478 63,950 65 2 11.137 5.341
SimpsonThacher&Bartlett 2 13.940 54,100 44 1 19.544 -5.604
Sullivan&Cromwell 3 7.012 27,214 20 3 10.436 -3.424
SidleyAustinLLP 4 6.030 23,400 25 6 4.201 1.829
CravathSwaine&Moore 5 5.939 23,050 21 9 3.944 1.995
ClearyGottliebSteen&Hamilton 6 5.856 22,726 24 8 3.990 1.866
Latham&WatkinsLLP 7 5.362 20,808 17 21 0.730 4.632
Shearman&SterlingLLP 8 5.121 19,875 25 5 5.699 -0.578
LinklatersLLP 9 3.927 15,238 17 10 3.356 0.571
HuntonAndrewsKurthLLP 10 3.369 13,075 17 6 4.201 -0.832
Allen&OveryLLP 11 2.062 8,002 10 4 7.445 -5.383
GibsonDunn&Crutcher 12 2.061 8,000 6 12 2.761 -0.700
SkaddenArpsSlateMeagher&FlomLLP
13 1.908 7,405 7 13 2.327 -0.419
MayerBrownLLP 14 1.817 7,050 11 16 1.637 0.180
JonesDay 15 1.675 6,500 6 - - 1.675
Alston&BirdLLP 16 1.417 5,500 6 35 0.197 1.220
BakerBottsLLP 17 1.385 5,375 7 33 0.266 1.119
CahillGordon&Reindel 18 1.308 5,075 6 23 0.651 0.657
FriedFrankHarrisShriver&Jacobson
19 1.288 5,000 5 35 0.197 1.091
Morrison&FoersterLLP 19 1.288 5,000 4 42 0.079 1.209
TOTAL 100% 388,090 385 100%
GlobalBonds:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 16.48 65
SimpsonThacher&Bartlett 2 13.94 44
Shearman&SterlingLLP 3 5.12 25
SidleyAustinLLP 3 6.03 25
ClearyGottliebSteen&Hamilton 5 5.86 24
CravathSwaine&Moore 6 5.94 21
Sullivan&Cromwell 7 7.01 20
HuntonAndrewsKurthLLP 8 3.37 17
Latham&WatkinsLLP 8 5.36 17
LinklatersLLP 8 3.93 17
MayerBrownLLP 11 1.82 11
Allen&OveryLLP 12 2.06 10
BakerBottsLLP 13 1.38 7
SkaddenArpsSlateMeagher&FlomLLP
13 1.91 7
Alston&BirdLLP 15 1.42 6
CahillGordon&Reindel 15 1.31 6
GibsonDunn&Crutcher 15 2.06 6
JonesDay 15 1.67 6
FriedFrankHarrisShriver&Jacobson
19 1.29 5
Winston&StrawnLLP 19 0.90 5
Bloomberg GlobalLegalAdviser|Q12020
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GlobalLoansGlobalLoans:LegalAdviser-LenderRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
CahillGordon&Reindel 1 25.512 89,941 92 2 10.431 15.081
Shearman&SterlingLLP 2 7.257 25,584 16 9 2.787 4.470
McGuireWoodsLLP 3 6.761 23,835 30 5 7.377 -0.616
Latham&WatkinsLLP 4 6.186 21,807 33 4 7.400 -1.214
Allen&OveryLLP 5 5.197 18,323 16 3 7.811 -2.614
SimpsonThacher&Bartlett 6 5.146 18,142 13 8 3.924 1.222
DavisPolk&Wardwell 7 4.928 17,372 15 1 16.964 -12.036
CliffordChanceLLP 8 3.876 13,663 9 6 5.702 -1.826
White&CaseLLP 9 2.733 9,636 18 12 1.973 0.760
FriedFrankHarrisShriver&Jacobson
10 2.483 8,754 5 18 0.874 1.609
SkaddenArpsSlateMeagher&FlomLLP
11 2.051 7,230 2 31 0.384 1.667
LinklatersLLP 12 1.828 6,443 7 14 1.476 0.352
NortonRoseFulbrightLLP 13 1.816 6,402 14 10 2.530 -0.714
CravathSwaine&Moore 14 1.532 5,400 3 7 4.040 -2.508
BakerMcKenzie 15 1.393 4,913 15 11 2.375 -0.982
MilbankLLP 16 1.351 4,764 9 28 0.426 0.925
FaskenMartineauDuMoulinLLP 17 1.248 4,400 3 22 0.768 0.480
Dentons 18 1.032 3,639 8 19 0.873 0.159
PaulHastingsLLP 19 0.989 3,487 1 44 0.213 0.776
GideLoyretteNouel 20 0.940 3,313 1 61 0.155 0.785
TOTAL 100% 352,541 459 100%
GlobalLoans:LegalAdviser-LenderRankedbyDealCount
Firm RankMkt
Share(%)DealCount
CahillGordon&Reindel 1 25.51 92
Latham&WatkinsLLP 2 6.19 33
McGuireWoodsLLP 3 6.76 30
White&CaseLLP 4 2.73 18
Allen&OveryLLP 5 5.20 16
Shearman&SterlingLLP 5 7.26 16
BakerMcKenzie 7 1.39 15
DavisPolk&Wardwell 7 4.93 15
NortonRoseFulbrightLLP 9 1.82 14
SimpsonThacher&Bartlett 10 5.15 13
Lee&Ko 11 0.62 10
CliffordChanceLLP 12 3.88 9
MilbankLLP 12 1.35 9
Dentons 14 1.03 8
Shin&Kim 14 0.38 8
LinklatersLLP 16 1.83 7
WeilGotshal&MangesLLP 16 0.81 7
King&SpaldingLLP 18 0.38 6
BaeKim&Lee 19 0.18 5
FriedFrankHarrisShriver&Jacobson
19 2.48 5
Bloomberg GlobalLegalAdviser|Q12020
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GlobalLoansGlobalLoans:LegalAdviser-BorrowerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Kirkland&Ellis 1 13.555 41,395 55 1 14.630 -1.075
Latham&WatkinsLLP 2 10.335 31,561 30 3 5.357 4.978
SkaddenArpsSlateMeagher&FlomLLP
3 8.531 26,051 16 6 3.111 5.420
SimpsonThacher&Bartlett 4 6.504 19,862 21 2 7.038 -0.534
ClearyGottliebSteen&Hamilton 5 3.114 9,510 8 73 0.226 2.888
White&CaseLLP 6 3.114 9,509 11 12 1.759 1.355
CliffordChanceLLP 7 2.706 8,264 2 7 2.820 -0.114
HerbertSmithFreehills 8 2.648 8,088 3 42 0.513 2.135
Debevoise&PlimptonLLP 9 2.604 7,951 5 31 0.730 1.874
GibsonDunn&Crutcher 10 1.957 5,977 6 9 2.149 -0.192
Shearman&SterlingLLP 11 1.823 5,567 4 11 1.766 0.057
HuntonAndrewsKurthLLP 12 1.801 5,500 5 138 0.052 1.749
SidleyAustinLLP 13 1.701 5,193 4 70 0.234 1.467
Sullivan&Cromwell 14 1.630 4,978 3 5 4.655 -3.025
Ropes&GrayLLP 15 1.513 4,619 6 16 1.489 0.024
FriedFrankHarrisShriver&Jacobson
16 1.352 4,128 5 47 0.453 0.899
WillkieFarr&Gallagher 17 1.304 3,982 4 67 0.243 1.061
BakerMcKenzie 18 1.268 3,872 7 41 0.517 0.751
CravathSwaine&Moore 19 1.175 3,588 6 28 0.846 0.329
DavisPolk&Wardwell 20 1.144 3,492 4 30 0.751 0.393
TOTAL 100% 305,386 392 100%
GlobalLoans:LegalAdviser-BorrowerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Kirkland&Ellis 1 13.55 55
Latham&WatkinsLLP 2 10.33 30
SimpsonThacher&Bartlett 3 6.50 21
SkaddenArpsSlateMeagher&FlomLLP
4 8.53 16
White&CaseLLP 5 3.11 11
PaulWeissRifkindWharton&Garrison
6 0.92 10
ClearyGottliebSteen&Hamilton 7 3.11 8
BakerMcKenzie 8 1.27 7
CravathSwaine&Moore 9 1.17 6
GibsonDunn&Crutcher 9 1.96 6
Ropes&GrayLLP 9 1.51 6
Allen&OveryLLP 12 1.10 5
AshurstLLP 12 0.32 5
Debevoise&PlimptonLLP 12 2.60 5
FriedFrankHarrisShriver&Jacobson
12 1.35 5
HuntonAndrewsKurthLLP 12 1.80 5
WeilGotshal&MangesLLP 12 1.12 5
Winston&StrawnLLP 12 0.80 5
Allens 19 0.33 4
BakerBottsLLP 19 0.36 4
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page9
USEquityOfferingsUSEquityOfferings:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
WilsonSonsiniGoodrich&Rosati 1 10.387 3,023 4 1 12.639 -2.252
SimpsonThacher&Bartlett 2 8.540 2,485 3 11 2.972 5.568
GoodwinProcterLLP 3 8.443 2,457 11 2 6.739 1.704
PaulWeissRifkindWharton&Garrison 4 5.153 1,499 2 58 0.151 5.002
VenableLLP 5 5.094 1,482 7 4 6.155 -1.061
DavisPolk&Wardwell 6 4.847 1,410 1 6 4.586 0.261
Latham&WatkinsLLP 7 4.490 1,307 7 7 4.532 -0.042
CooleyLLP 8 4.382 1,275 12 5 5.459 -1.077
Winston&StrawnLLP 9 4.127 1,201 4 - - 4.127
WilmerHale 10 3.164 921 6 3 6.563 -3.399
DLAPiperLLP 11 2.863 833 6 51 0.221 2.642
SkaddenArpsSlateMeagher&FlomLLP
12 2.709 788 3 10 3.559 -0.850
FriedFrankHarrisShriver&Jacobson 13 2.589 754 2 - - 2.589
CliffordChanceLLP 14 2.114 615 2 - - 2.114
JonesDay 15 1.882 548 2 - - 1.882
Morrison&FoersterLLP 16 1.838 535 1 - - 1.838
O'Melveny&MyersLLP 17 1.649 480 1 48 0.240 1.409
BallardSpahrLLP 18 1.600 466 4 81 0.016 1.584
MintzLevinCohnFerrisGlovsky&PopeoPC
19 1.578 459 4 55 0.191 1.387
Fenwick&WestLLP 20 1.483 432 2 37 0.526 0.957
TOTAL 100% 29,100 144 100%
USEquityOfferings:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
CooleyLLP 1 4.38 12
GoodwinProcterLLP 2 8.44 11
Latham&WatkinsLLP 3 4.49 7
VenableLLP 3 5.09 7
DLAPiperLLP 5 2.86 6
WilmerHale 5 3.16 6
BallardSpahrLLP 7 1.60 4
MintzLevinCohnFerrisGlovsky&PopeoPC
7 1.58 4
Vinson&ElkinsLLP 7 1.28 4
WilsonSonsiniGoodrich&Rosati 7 10.39 4
Winston&StrawnLLP 7 4.13 4
BrownsteinHyattFarberSchreckLLP
12 0.04 3
Kirkland&Ellis 12 1.19 3
Maples&Calder 12 1.46 3
SimpsonThacher&Bartlett 12 8.54 3
SkaddenArpsSlateMeagher&FlomLLP
12 2.71 3
CliffordChanceLLP 17 2.11 2
Dorsey&WhitneyLLP 17 0.04 2
Fenwick&WestLLP 17 1.48 2
FriedFrankHarrisShriver&Jacobson
17 2.59 2
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USEquityOfferingsUSEquityOfferings:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Latham&WatkinsLLP 1 16.054 4,670 17 1 16.125 -0.071
Ropes&GrayLLP 2 10.615 3,088 8 4 8.562 2.053
DavisPolk&Wardwell 3 9.967 2,900 16 3 9.727 0.240
SimpsonThacher&Bartlett 4 9.284 2,701 3 10 4.240 5.044
SidleyAustinLLP 5 5.605 1,631 4 5 8.356 -2.751
CravathSwaine&Moore 6 4.848 1,410 1 13 1.694 3.154
Winston&StrawnLLP 7 3.781 1,100 1 - - 3.781
WeilGotshal&MangesLLP 8 3.747 1,090 1 21 0.682 3.065
SkaddenArpsSlateMeagher&FlomLLP
9 3.729 1,085 5 6 6.153 -2.424
WilmerHale 10 3.632 1,057 4 19 0.808 2.824
CooleyLLP 11 3.510 1,021 7 9 4.770 -1.260
CahillGordon&Reindel 12 3.498 1,017 2 7 5.656 -2.158
GoodwinProcterLLP 13 2.718 791 8 2 13.586 -10.868
CliffordChanceLLP 14 2.695 784 3 22 0.532 2.163
ClearyGottliebSteen&Hamilton 15 1.838 535 1 - - 1.838
White&CaseLLP 16 1.209 352 3 12 2.034 -0.825
MintzLevinCohnFerrisGlovsky&PopeoPC
17 1.169 340 8 14 1.267 -0.098
Kirkland&Ellis 18 1.016 296 2 18 0.890 0.126
GibsonDunn&Crutcher 19 0.907 264 1 23 0.461 0.446
HuntonAndrewsKurthLLP 20 0.874 254 2 - - 0.874
TOTAL 100% 29,091 143 100%
USEquityOfferings:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Latham&WatkinsLLP 1 16.05 17
DavisPolk&Wardwell 2 9.97 16
GoodwinProcterLLP 3 2.72 8
MintzLevinCohnFerrisGlovsky&PopeoPC
3 1.17 8
Ropes&GrayLLP 3 10.62 8
CooleyLLP 6 3.51 7
EllenoffGrossmanSchole&CyruliLLP
6 0.16 7
SkaddenArpsSlateMeagher&FlomLLP
8 3.73 5
Covington&Burling 9 0.77 4
SichenziaRossFerenceLLP 9 0.08 4
SidleyAustinLLP 9 5.61 4
WilmerHale 9 3.63 4
CliffordChanceLLP 13 2.70 3
FriedFrankHarrisShriver&Jacobson
13 0.77 3
LowensteinSandlerLLP 13 0.15 3
McGuireWoodsLLP 13 0.14 3
SimpsonThacher&Bartlett 13 9.28 3
White&CaseLLP 13 1.21 3
ZysmanAharoniGayerSullivan&Worcester
13 0.09 3
CahillGordon&Reindel 20 3.50 2
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USEquityIPOUSEquityIPO:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
SimpsonThacher&Bartlett 1 20.596 1,957 2 - - 20.596
DavisPolk&Wardwell 2 14.841 1,410 1 12 1.449 13.392
Winston&StrawnLLP 3 12.636 1,201 4 - - 12.636
PaulWeissRifkindWharton&Garrison
4 11.575 1,100 1 - - 11.575
Fenwick&WestLLP 5 4.543 432 2 - - 4.543
WeilGotshal&MangesLLP 6 4.472 425 1 7 5.200 -0.728
Latham&WatkinsLLP 7 3.935 374 2 4 8.061 -4.126
Allen&Gledhill 8 3.265 310 1 - - 3.265
CooleyLLP 9 2.965 282 1 3 11.278 -8.313
GraubardMiller 10 2.541 242 1 6 6.578 -4.037
GoodwinProcterLLP 11 2.434 231 1 10 2.096 0.338
GoodmansLLP 12 2.368 225 1 - - 2.368
Ropes&GrayLLP 13 2.178 207 1 - - 2.178
WilmerHale 14 2.014 191 2 14 0.553 1.461
TarterKrinsky&DroginLLP 15 1.578 150 1 - - 1.578
EllenoffGrossmanSchole&CyruliLLP
16 1.263 120 1 2 15.415 -14.152
RichardsLayton&Finger 17 1.222 116 1 - - 1.222
Maples&Calder 18 1.052 100 1 - - 1.052
SkaddenArpsSlateMeagher&FlomLLP
18 1.052 100 1 8 3.250 -2.198
Loeb&LoebLLP 20 0.691 66 1 - - 0.691
TOTAL 100% 9,503 32 100%
USEquityIPO:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Winston&StrawnLLP 1 12.64 4
Fenwick&WestLLP 2 4.54 2
Latham&WatkinsLLP 2 3.93 2
SimpsonThacher&Bartlett 2 20.60 2
WilmerHale 2 2.01 2
Allen&Gledhill 6 3.26 1
BallardSpahrLLP 6 0.53 1
CooleyLLP 6 2.96 1
DavisPolk&Wardwell 6 14.84 1
DuaneMorrisLLP 6 0.15 1
EllenoffGrossmanSchole&CyruliLLP
6 1.26 1
FlemingPLLC 6 0.08 1
GoodmansLLP 6 2.37 1
GoodwinProcterLLP 6 2.43 1
GraubardMiller 6 2.54 1
GunsterYoakley&StewartPA 6 0.60 1
Loeb&LoebLLP 6 0.69 1
LoevLawFirmPC/The 6 0.06 1
LucoskyBrookmanLLP 6 0.09 1
LuseGormanPomerenk&Schick 6 0.60 1
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USEquityIPOUSEquityIPO:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Latham&WatkinsLLP 1 21.533 2,046 2 10 2.935 18.598
CravathSwaine&Moore 2 14.841 1,410 1 - - 14.841
Ropes&GrayLLP 3 14.153 1,345 3 5 8.839 5.314
Winston&StrawnLLP 4 11.575 1,100 1 - - 11.575
DavisPolk&Wardwell 5 10.457 994 4 11 2.405 8.052
CooleyLLP 6 5.850 556 3 6 8.570 -2.720
Kirkland&Ellis 7 3.111 296 2 7 3.902 -0.791
CliffordChanceLLP 8 2.624 249 2 - - 2.624
GreenbergTraurigLLP 9 2.541 242 1 - - 2.541
BlakeCassels&GraydonLLP 10 2.368 225 1 - - 2.368
Shearman&SterlingLLP 11 2.105 200 1 8 3.250 -1.145
MorganLewis&BockiusLLP 12 1.632 155 1 - - 1.632
K&LGatesLLP 13 1.578 150 1 - - 1.578
SchiffHardinLLP 14 1.326 126 2 17 0.057 1.269
HuntonAndrewsKurthLLP 15 1.070 102 1 - - 1.070
SkaddenArpsSlateMeagher&FlomLLP
16 1.054 100 1 2 14.695 -13.641
FriedFrankHarrisShriver&Jacobson
17 0.670 64 1 - - 0.670
Covington&Burling 18 0.603 57 1 - - 0.603
GoodwinProcterLLP 19 0.595 57 1 1 30.418 -29.823
VenableLLP 20 0.145 14 1 - - 0.145
TOTAL 100% 9,503 32 100%
USEquityIPO:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 10.46 4
CooleyLLP 2 5.85 3
Ropes&GrayLLP 2 14.15 3
CliffordChanceLLP 4 2.62 2
Kirkland&Ellis 4 3.11 2
Latham&WatkinsLLP 4 21.53 2
SchiffHardinLLP 4 1.33 2
BlakeCassels&GraydonLLP 8 2.37 1
Covington&Burling 8 0.60 1
CozenO'Connor 8 0.08 1
CravathSwaine&Moore 8 14.84 1
FriedFrankHarrisShriver&Jacobson
8 0.67 1
GoodwinProcterLLP 8 0.60 1
GreenbergTraurigLLP 8 2.54 1
HuntonAndrewsKurthLLP 8 1.07 1
K&LGatesLLP 8 1.58 1
MorganLewis&BockiusLLP 8 1.63 1
Shearman&SterlingLLP 8 2.10 1
SichenziaRossFerenceLLP 8 0.09 1
SkaddenArpsSlateMeagher&FlomLLP
8 1.05 1
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USEquityLinkedUSEquityLinked:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
MorganLewis&BockiusLLP 1 40.035 2,500 1 - - 40.035
K&LGatesLLP 2 18.416 1,150 1 3 13.404 5.012
GoodwinProcterLLP 3 8.808 550 1 - - 8.808
DLAPiperLLP 4 7.206 450 1 - - 7.206
Latham&WatkinsLLP 5 6.406 400 1 10 1.804 4.602
Barnes&Thornburg 6 4.404 275 1 - - 4.404
PaulWeissRifkindWharton&Garrison
6 4.404 275 1 - - 4.404
DavisPolk&Wardwell 8 4.003 250 1 17 0.018 3.985
PepperHamiltonLLP 9 2.302 144 1 - - 2.302
AshurstLLP 10 2.082 130 1 - - 2.082
GibsonDunn&Crutcher 11 1.681 105 1 - - 1.681
Vinson&ElkinsLLP 12 0.253 16 1 - - 0.253
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 6,245 11 100%
USEquityLinked:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
AshurstLLP 1 2.08 1
Barnes&Thornburg 1 4.40 1
DLAPiperLLP 1 7.21 1
DavisPolk&Wardwell 1 4.00 1
GibsonDunn&Crutcher 1 1.68 1
GoodwinProcterLLP 1 8.81 1
K&LGatesLLP 1 18.42 1
Latham&WatkinsLLP 1 6.41 1
MorganLewis&BockiusLLP 1 40.03 1
PaulWeissRifkindWharton&Garrison
1 4.40 1
PepperHamiltonLLP 1 2.30 1
Vinson&ElkinsLLP 1 0.25 1
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USEquityLinkedUSEquityLinked:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 27.746 2,770 9 1 39.185 -11.439
HuntonAndrewsKurthLLP 2 25.037 2,500 1 3 9.037 16.000
Shearman&SterlingLLP 3 11.517 1,150 1 4 8.391 3.126
GoodwinProcterLLP 4 10.015 1,000 1 5 7.111 2.904
SimpsonThacher&Bartlett 4 10.015 1,000 1 7 3.873 6.142
Latham&WatkinsLLP 6 6.948 694 2 2 19.903 -12.955
Ropes&GrayLLP 7 5.508 550 1 - - 5.508
CahillGordon&Reindel 8 2.003 200 1 - - 2.003
White&CaseLLP 9 1.052 105 1 - - 1.052
PillsburyWinthropShawPittmanLLP
10 0.158 16 1 - - 0.158
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 9,985 18 100%
USEquityLinked:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 27.75 9
Latham&WatkinsLLP 2 6.95 2
CahillGordon&Reindel 3 2.00 1
GoodwinProcterLLP 3 10.01 1
HuntonAndrewsKurthLLP 3 25.04 1
PillsburyWinthropShawPittmanLLP
3 0.16 1
Ropes&GrayLLP 3 5.51 1
Shearman&SterlingLLP 3 11.52 1
SimpsonThacher&Bartlett 3 10.01 1
White&CaseLLP 3 1.05 1
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USCorporateBondsUSCorporateBonds:LegalAdviser-Issuer/BorrowerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 14.484 62,825 48 2 7.946 6.538
ClearyGottliebSteen&Hamilton 2 6.614 28,690 31 6 4.860 1.754
Latham&WatkinsLLP 3 6.478 28,100 37 4 6.044 0.434
SimpsonThacher&Bartlett 4 4.969 21,556 23 3 6.516 -1.547
Sullivan&Cromwell 5 4.120 17,873 26 1 9.777 -5.657
SkaddenArpsSlateMeagher&FlomLLP
6 4.114 17,844 23 8 3.748 0.366
Shearman&SterlingLLP 7 3.176 13,775 18 15 1.931 1.245
GibsonDunn&Crutcher 8 3.170 13,750 14 5 5.193 -2.023
McGuireWoodsLLP 9 2.847 12,350 7 10 3.048 -0.201
CravathSwaine&Moore 10 2.761 11,975 16 20 1.405 1.356
Kirkland&Ellis 11 2.666 11,563 20 9 3.313 -0.647
FaegreBakerDanielsLLP 12 1.960 8,500 4 14 2.161 -0.201
MayerBrownLLP 13 1.833 7,950 10 18 1.719 0.114
Alston&BirdLLP 14 1.718 7,450 7 71 0.090 1.628
SidleyAustinLLP 15 1.674 7,261 12 11 2.966 -1.292
White&CaseLLP 16 1.648 7,150 9 13 2.273 -0.625
HoganLovellsUSLLP 17 1.535 6,658 15 38 0.571 0.964
WillkieFarr&Gallagher 18 1.522 6,600 9 22 1.244 0.278
FaegreDrinkerBiddle&ReathLLP 19 1.383 6,000 7 71 0.090 1.293
BracewellLLP 20 1.303 5,650 7 - - 1.303
TOTAL 100% 433,769 589 100%
USCorporateBonds:LegalAdviser-Issuer/BorrowerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 14.48 48
Latham&WatkinsLLP 2 6.48 37
ClearyGottliebSteen&Hamilton 3 6.61 31
Sullivan&Cromwell 4 4.12 26
SimpsonThacher&Bartlett 5 4.97 23
SkaddenArpsSlateMeagher&FlomLLP
5 4.11 23
Kirkland&Ellis 7 2.67 20
King&SpaldingLLP 8 0.88 18
NortonRoseFulbrightLLP 8 0.26 18
Shearman&SterlingLLP 8 3.18 18
Chapman&CutlerLLP 11 0.08 17
BallardSpahrLLP 12 0.57 16
CravathSwaine&Moore 12 2.76 16
Goulston&Storrs 12 0.00 16
HoganLovellsUSLLP 15 1.53 15
GibsonDunn&Crutcher 16 3.17 14
HodgsonRussLLP 16 0.01 14
SidleyAustinLLP 18 1.67 12
JonesDay 19 1.14 10
MayerBrownLLP 19 1.83 10
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USCorporateBondsUSCorporateBonds:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 15.459 72,873 77 2 15.757 -0.298
SimpsonThacher&Bartlett 2 13.370 63,025 56 1 16.596 -3.226
SidleyAustinLLP 3 6.661 31,402 40 7 5.861 0.800
CravathSwaine&Moore 4 6.065 28,592 29 6 6.652 -0.587
Latham&WatkinsLLP 5 4.953 23,350 22 13 2.133 2.820
CahillGordon&Reindel 6 4.934 23,260 31 3 9.279 -4.345
Shearman&SterlingLLP 7 4.916 23,175 29 4 6.686 -1.770
GibsonDunn&Crutcher 8 4.158 19,600 14 12 2.470 1.688
ClearyGottliebSteen&Hamilton 9 3.940 18,575 24 9 3.240 0.700
Sullivan&Cromwell 10 3.585 16,900 13 10 2.920 0.665
HuntonAndrewsKurthLLP 11 3.146 14,833 25 8 4.921 -1.775
LinklatersLLP 12 3.084 14,540 14 14 1.820 1.264
SkaddenArpsSlateMeagher&FlomLLP
13 3.031 14,288 19 11 2.482 0.549
Allen&OveryLLP 14 2.408 11,350 14 5 6.681 -4.273
MayerBrownLLP 15 2.370 11,173 17 16 1.490 0.880
O'Melveny&MyersLLP 16 1.973 9,300 9 22 0.591 1.382
JonesDay 17 1.549 7,300 7 36 0.114 1.435
FriedFrankHarrisShriver&Jacobson
18 1.220 5,750 6 32 0.143 1.077
MilbankLLP 19 1.177 5,550 7 18 0.837 0.340
Alston&BirdLLP 20 1.167 5,500 6 32 0.143 1.024
TOTAL 100% 471,404 624 100%
USCorporateBonds:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 15.46 77
SimpsonThacher&Bartlett 2 13.37 56
SidleyAustinLLP 3 6.66 40
CahillGordon&Reindel 4 4.93 31
CravathSwaine&Moore 5 6.07 29
Shearman&SterlingLLP 5 4.92 29
HuntonAndrewsKurthLLP 7 3.15 25
ClearyGottliebSteen&Hamilton 8 3.94 24
Latham&WatkinsLLP 9 4.95 22
OrrickHerrington&SutcliffeLLP 10 0.21 19
SkaddenArpsSlateMeagher&FlomLLP
10 3.03 19
MayerBrownLLP 12 2.37 17
CozenO'Connor 13 0.01 16
Allen&OveryLLP 14 2.41 14
GibsonDunn&Crutcher 14 4.16 14
LinklatersLLP 14 3.08 14
RobinsonBradshaw&HinsonPA 14 0.06 14
Trespasz&MarquardtLLP 14 0.01 14
Sullivan&Cromwell 19 3.59 13
MintzLevinCohnFerrisGlovsky&PopeoPC
20 0.03 11
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USInvestmentGradeCorporateBondsUSInvestmentGradeCorporateBonds:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 16.346 60,275 43 2 8.184 8.162
Latham&WatkinsLLP 2 5.770 21,275 28 6 4.792 0.978
ClearyGottliebSteen&Hamilton 3 5.672 20,915 22 7 4.489 1.183
Sullivan&Cromwell 4 4.644 17,123 25 1 11.517 -6.873
SimpsonThacher&Bartlett 5 4.438 16,364 16 3 6.963 -2.525
GibsonDunn&Crutcher 6 3.648 13,450 13 5 5.451 -1.803
SkaddenArpsSlateMeagher&FlomLLP
7 3.593 13,250 16 10 2.858 0.735
McGuireWoodsLLP 8 3.349 12,350 7 8 3.740 -0.391
CravathSwaine&Moore 9 3.247 11,975 16 19 1.724 1.523
Shearman&SterlingLLP 10 2.705 9,975 12 15 2.074 0.631
FaegreBakerDanielsLLP 11 2.305 8,500 4 11 2.652 -0.347
MayerBrownLLP 12 2.088 7,700 8 24 1.271 0.817
Kirkland&Ellis 13 2.034 7,500 12 14 2.099 -0.065
SidleyAustinLLP 14 1.969 7,261 12 9 3.050 -1.081
Alston&BirdLLP 15 1.898 7,000 6 - - 1.898
WillkieFarr&Gallagher 16 1.708 6,300 8 21 1.516 0.192
FaegreDrinkerBiddle&ReathLLP 17 1.627 6,000 7 - - 1.627
BracewellLLP 18 1.532 5,650 7 - - 1.532
WachtellLiptonRosen&Katz 19 1.403 5,175 6 40 0.424 0.979
SquireSanders 20 1.383 5,100 5 20 1.565 -0.182
TOTAL 100% 368,746 489 100%
USInvestmentGradeCorporateBonds:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 16.35 43
Latham&WatkinsLLP 2 5.77 28
Sullivan&Cromwell 3 4.64 25
ClearyGottliebSteen&Hamilton 4 5.67 22
King&SpaldingLLP 5 1.03 18
NortonRoseFulbrightLLP 5 0.31 18
Chapman&CutlerLLP 7 0.10 17
BallardSpahrLLP 8 0.68 16
CravathSwaine&Moore 8 3.25 16
Goulston&Storrs 8 0.00 16
SimpsonThacher&Bartlett 8 4.44 16
SkaddenArpsSlateMeagher&FlomLLP
8 3.59 16
HodgsonRussLLP 13 0.01 14
GibsonDunn&Crutcher 14 3.65 13
HoganLovellsUSLLP 15 1.13 12
Kirkland&Ellis 15 2.03 12
Shearman&SterlingLLP 15 2.71 12
SidleyAustinLLP 15 1.97 12
JonesDay 19 1.27 9
WombleBondDickinsonUSLLP 19 1.04 9
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USInvestmentGradeCorporateBondsUSInvestmentGradeCorporateBonds:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 16.868 69,798 72 2 16.858 0.010
SimpsonThacher&Bartlett 2 13.956 57,750 49 1 18.711 -4.755
SidleyAustinLLP 3 7.456 30,850 38 3 7.130 0.326
Latham&WatkinsLLP 4 5.208 21,550 18 17 1.220 3.988
Shearman&SterlingLLP 5 5.196 21,500 26 5 6.473 -1.277
CravathSwaine&Moore 6 5.135 21,250 19 6 5.873 -0.738
GibsonDunn&Crutcher 7 4.737 19,600 14 12 2.492 2.245
Sullivan&Cromwell 8 4.000 16,550 12 9 3.565 0.435
ClearyGottliebSteen&Hamilton 9 3.353 13,875 16 10 3.468 -0.115
HuntonAndrewsKurthLLP 10 3.017 12,483 22 7 5.747 -2.730
LinklatersLLP 11 2.946 12,190 9 16 1.394 1.552
MayerBrownLLP 12 2.673 11,060 16 14 1.809 0.864
Allen&OveryLLP 13 2.646 10,950 13 4 6.623 -3.977
SkaddenArpsSlateMeagher&FlomLLP
14 2.278 9,425 12 11 2.911 -0.633
O'Melveny&MyersLLP 15 2.248 9,300 9 20 0.722 1.526
CahillGordon&Reindel 16 2.024 8,375 10 8 4.601 -2.577
JonesDay 17 1.764 7,300 7 - - 1.764
Alston&BirdLLP 18 1.329 5,500 6 31 0.174 1.155
BakerBottsLLP 19 1.299 5,375 7 37 0.122 1.177
FriedFrankHarrisShriver&Jacobson
20 1.208 5,000 5 31 0.174 1.034
TOTAL 100% 413,788 529 100%
USInvestmentGradeCorporateBonds:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 16.87 72
SimpsonThacher&Bartlett 2 13.96 49
SidleyAustinLLP 3 7.46 38
Shearman&SterlingLLP 4 5.20 26
HuntonAndrewsKurthLLP 5 3.02 22
CravathSwaine&Moore 6 5.14 19
OrrickHerrington&SutcliffeLLP 6 0.23 19
Latham&WatkinsLLP 8 5.21 18
ClearyGottliebSteen&Hamilton 9 3.35 16
CozenO'Connor 9 0.01 16
MayerBrownLLP 9 2.67 16
GibsonDunn&Crutcher 12 4.74 14
RobinsonBradshaw&HinsonPA 12 0.07 14
Trespasz&MarquardtLLP 12 0.01 14
Allen&OveryLLP 15 2.65 13
SkaddenArpsSlateMeagher&FlomLLP
16 2.28 12
Sullivan&Cromwell 16 4.00 12
MintzLevinCohnFerrisGlovsky&PopeoPC
18 0.04 11
CahillGordon&Reindel 19 2.02 10
HawkinsDelafield&Wood 19 0.21 10
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USHighYieldCorporateBondsUSHighYieldCorporateBonds:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Latham&WatkinsLLP 1 13.360 7,285 10 1 13.501 -0.141
SimpsonThacher&Bartlett 2 12.272 6,692 8 5 5.969 6.303
ClearyGottliebSteen&Hamilton 3 11.278 6,150 7 10 3.316 7.962
Kirkland&Ellis 4 7.451 4,063 8 2 10.299 -2.848
SkaddenArpsSlateMeagher&FlomLLP
5 5.812 3,169 5 3 7.390 -1.578
White&CaseLLP 6 5.777 3,150 6 16 1.705 4.072
HoganLovellsUSLLP 7 4.585 2,500 3 - - 4.585
DavisPolk&Wardwell 8 4.034 2,200 4 4 6.632 -2.598
AkinGumpStraussHauer&FeldLLP
9 3.209 1,750 3 - - 3.209
SchulteRoth&ZabelLLP 9 3.209 1,750 2 22 1.137 2.072
Shearman&SterlingLLP 11 2.934 1,600 3 24 1.042 1.892
PaulWeissRifkindWharton&Garrison
12 2.842 1,550 2 13 2.842 0.000
Torys 13 1.994 1,088 2 45 0.174 1.820
KramerLevinNaftalis&Frankel 14 1.834 1,000 1 - - 1.834
NixonPeabodyLLP 14 1.834 1,000 1 - - 1.834
WeilGotshal&MangesLLP 16 1.650 900 1 15 2.084 -0.434
Dechert 17 1.559 850 1 25 0.995 0.564
Allen&OveryLLP 18 1.421 775 2 - - 1.421
Sullivan&Cromwell 19 1.375 750 1 14 2.463 -1.088
BlakeCassels&GraydonLLP 20 1.100 600 2 - - 1.100
TOTAL 100% 54,530 80 100%
USHighYieldCorporateBonds:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Latham&WatkinsLLP 1 13.36 10
Kirkland&Ellis 2 7.45 8
SimpsonThacher&Bartlett 2 12.27 8
ClearyGottliebSteen&Hamilton 4 11.28 7
White&CaseLLP 5 5.78 6
SkaddenArpsSlateMeagher&FlomLLP
6 5.81 5
DavisPolk&Wardwell 7 4.03 4
AkinGumpStraussHauer&FeldLLP
8 3.21 3
HoganLovellsUSLLP 8 4.58 3
Shearman&SterlingLLP 8 2.93 3
Allen&OveryLLP 11 1.42 2
BlakeCassels&GraydonLLP 11 1.10 2
OslerHoskin&HarcourtLLP 11 1.10 2
PaulWeissRifkindWharton&Garrison
11 2.84 2
SchulteRoth&ZabelLLP 11 3.21 2
Torys 11 1.99 2
AZB&Partners 17 0.50 1
Allen&Gledhill 17 0.40 1
Alston&BirdLLP 17 0.83 1
AssegafHamzah&Partners 17 0.40 1
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USHighYieldCorporateBondsUSHighYieldCorporateBonds:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
CahillGordon&Reindel 1 30.117 15,345 22 1 36.549 -6.432
CravathSwaine&Moore 2 17.354 8,842 11 3 12.120 5.234
SimpsonThacher&Bartlett 3 10.745 5,475 8 4 8.362 2.383
SkaddenArpsSlateMeagher&FlomLLP
4 8.219 4,188 5 16 0.646 7.573
ClearyGottliebSteen&Hamilton 5 5.888 3,000 5 9 2.631 3.257
DavisPolk&Wardwell 6 4.956 2,525 3 2 12.930 -7.974
HuntonAndrewsKurthLLP 7 4.612 2,350 3 11 1.409 3.203
LinklatersLLP 8 3.631 1,850 4 6 4.462 -0.831
Latham&WatkinsLLP 9 3.533 1,800 4 5 6.050 -2.517
PaulHastingsLLP 10 1.963 1,000 2 - - 1.963
Shearman&SterlingLLP 11 1.619 825 2 7 3.758 -2.139
FriedFrankHarrisShriver&Jacobson
12 1.472 750 1 - - 1.472
CadwaladerWickersham&Taft 13 1.374 700 1 - - 1.374
SidleyAustinLLP 14 1.084 552 2 23 0.141 0.943
Davidson&ShearLLC 15 0.981 500 1 - - 0.981
MilbankLLP 15 0.981 500 1 14 0.752 0.229
Sullivan&Cromwell 17 0.687 350 1 - - 0.687
WitaraCakraAdvocates 18 0.638 325 1 - - 0.638
Covington&Burling 19 0.147 75 1 22 0.188 -0.041
- - - - - - - -
TOTAL 100% 50,952 76 100%
USHighYieldCorporateBonds:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
CahillGordon&Reindel 1 30.12 22
CravathSwaine&Moore 2 17.35 11
SimpsonThacher&Bartlett 3 10.75 8
ClearyGottliebSteen&Hamilton 4 5.89 5
SkaddenArpsSlateMeagher&FlomLLP
4 8.22 5
Latham&WatkinsLLP 6 3.53 4
LinklatersLLP 6 3.63 4
DavisPolk&Wardwell 8 4.96 3
HuntonAndrewsKurthLLP 8 4.61 3
PaulHastingsLLP 10 1.96 2
Shearman&SterlingLLP 10 1.62 2
SidleyAustinLLP 10 1.08 2
CadwaladerWickersham&Taft 13 1.37 1
Covington&Burling 13 0.15 1
Davidson&ShearLLC 13 0.98 1
FriedFrankHarrisShriver&Jacobson
13 1.47 1
MilbankLLP 13 0.98 1
Sullivan&Cromwell 13 0.69 1
WitaraCakraAdvocates 13 0.64 1
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USLoansUSLoans:LegalAdviser-LenderRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
CahillGordon&Reindel 1 33.132 84,907 90 2 16.903 16.229
Shearman&SterlingLLP 2 9.403 24,096 15 7 4.410 4.993
McGuireWoodsLLP 3 9.208 23,597 29 3 12.325 -3.117
DavisPolk&Wardwell 4 6.303 16,152 14 1 28.211 -21.908
SimpsonThacher&Bartlett 5 6.260 16,042 11 5 6.555 -0.295
Latham&WatkinsLLP 6 6.212 15,919 27 6 6.466 -0.254
FriedFrankHarrisShriver&Jacobson
7 3.416 8,754 5 10 1.460 1.956
White&CaseLLP 8 3.200 8,200 11 8 1.598 1.602
SkaddenArpsSlateMeagher&FlomLLP
9 2.341 6,000 1 14 0.641 1.700
CravathSwaine&Moore 10 2.107 5,400 3 4 6.751 -4.644
MilbankLLP 11 1.775 4,549 8 20 0.409 1.366
Allen&OveryLLP 12 1.397 3,581 2 - - 1.397
Kirkland&Ellis 13 1.252 3,208 2 12 1.381 -0.129
Dentons 14 1.222 3,132 5 19 0.409 0.813
CliffordChanceLLP 15 1.137 2,915 1 15 0.636 0.501
PaulHastingsLLP 16 1.102 2,824 1 22 0.355 0.747
NortonRoseFulbrightLLP 17 0.936 2,399 6 43 0.088 0.848
WeilGotshal&MangesLLP 18 0.848 2,174 5 16 0.586 0.262
Sullivan&Cromwell 19 0.819 2,100 1 - - 0.819
DLAPiperLLP 20 0.819 2,098 1 46 0.075 0.744
TOTAL 100% 256,267 275 100%
USLoans:LegalAdviser-LenderRankedbyDealCount
Firm RankMkt
Share(%)DealCount
CahillGordon&Reindel 1 33.13 90
McGuireWoodsLLP 2 9.21 29
Latham&WatkinsLLP 3 6.21 27
Shearman&SterlingLLP 4 9.40 15
DavisPolk&Wardwell 5 6.30 14
SimpsonThacher&Bartlett 6 6.26 11
White&CaseLLP 6 3.20 11
MilbankLLP 8 1.78 8
King&SpaldingLLP 9 0.52 6
NortonRoseFulbrightLLP 9 0.94 6
Dentons 11 1.22 5
FriedFrankHarrisShriver&Jacobson
11 3.42 5
WeilGotshal&MangesLLP 11 0.85 5
ThompsonHineLLP 14 0.22 4
Winston&StrawnLLP 14 0.12 4
CravathSwaine&Moore 16 2.11 3
Allen&OveryLLP 17 1.40 2
DuaneMorrisLLP 17 0.05 2
Haynes&BooneLLP 17 0.20 2
Kirkland&Ellis 17 1.25 2
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USLoansUSLoans:LegalAdviser-BorrowerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Kirkland&Ellis 1 15.412 36,409 53 1 21.803 -6.391
Latham&WatkinsLLP 2 12.398 29,290 26 3 4.603 7.795
SkaddenArpsSlateMeagher&FlomLLP
3 10.747 25,389 16 4 4.525 6.222
SimpsonThacher&Bartlett 4 7.012 16,566 19 2 10.349 -3.337
ClearyGottliebSteen&Hamilton 5 4.025 9,510 8 51 0.341 3.684
White&CaseLLP 6 2.696 6,369 7 19 1.236 1.460
GibsonDunn&Crutcher 7 2.530 5,977 6 6 3.125 -0.595
Shearman&SterlingLLP 8 2.356 5,567 4 16 1.684 0.672
SidleyAustinLLP 9 2.198 5,193 4 48 0.353 1.845
Sullivan&Cromwell 10 2.107 4,978 3 5 3.260 -1.153
Ropes&GrayLLP 11 1.955 4,619 6 11 2.148 -0.193
FriedFrankHarrisShriver&Jacobson
12 1.748 4,128 5 32 0.684 1.064
Debevoise&PlimptonLLP 13 1.609 3,801 4 21 1.103 0.506
WillkieFarr&Gallagher 14 1.568 3,705 4 46 0.368 1.200
CravathSwaine&Moore 15 1.519 3,588 6 17 1.279 0.240
HuntonAndrewsKurthLLP 16 1.482 3,500 4 85 0.079 1.403
DavisPolk&Wardwell 17 1.478 3,492 4 20 1.135 0.343
WeilGotshal&MangesLLP 18 1.449 3,423 5 7 3.067 -1.618
WinsteadPC 19 1.411 3,333 2 108 0.010 1.401
McCarthyTetrault 20 1.228 2,900 2 - - 1.228
TOTAL 100% 236,238 277 100%
USLoans:LegalAdviser-BorrowerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Kirkland&Ellis 1 15.41 53
Latham&WatkinsLLP 2 12.40 26
SimpsonThacher&Bartlett 3 7.01 19
SkaddenArpsSlateMeagher&FlomLLP
4 10.75 16
PaulWeissRifkindWharton&Garrison
5 1.14 9
ClearyGottliebSteen&Hamilton 6 4.03 8
White&CaseLLP 7 2.70 7
CravathSwaine&Moore 8 1.52 6
GibsonDunn&Crutcher 8 2.53 6
Ropes&GrayLLP 8 1.96 6
FriedFrankHarrisShriver&Jacobson
11 1.75 5
WeilGotshal&MangesLLP 11 1.45 5
BakerBottsLLP 13 0.46 4
DavisPolk&Wardwell 13 1.48 4
Debevoise&PlimptonLLP 13 1.61 4
GoodwinProcterLLP 13 0.73 4
HuntonAndrewsKurthLLP 13 1.48 4
MorganLewis&BockiusLLP 13 0.81 4
PerkinsCoieLLP 13 0.28 4
Shearman&SterlingLLP 13 2.36 4
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USLeveragedLoansUSLeveragedLoans:LegalAdviser-LenderRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
CahillGordon&Reindel 1 47.353 77,504 86 1 37.153 10.200
Latham&WatkinsLLP 2 9.638 15,774 24 3 11.157 -1.519
McGuireWoodsLLP 3 6.819 11,162 17 2 12.541 -5.722
FriedFrankHarrisShriver&Jacobson
4 5.348 8,754 5 8 2.614 2.734
White&CaseLLP 5 4.772 7,810 10 9 2.140 2.632
DavisPolk&Wardwell 6 4.370 7,152 12 5 4.377 -0.007
SimpsonThacher&Bartlett 7 3.996 6,540 3 4 9.299 -5.303
Allen&OveryLLP 8 2.188 3,581 2 - - 2.188
Kirkland&Ellis 9 1.960 3,208 2 7 3.070 -1.110
CliffordChanceLLP 10 1.781 2,915 1 - - 1.781
PaulHastingsLLP 11 1.726 2,824 1 12 0.835 0.891
Shearman&SterlingLLP 12 1.569 2,568 6 10 1.910 -0.341
Sullivan&Cromwell 13 1.283 2,100 1 - - 1.283
Dentons 14 1.104 1,807 4 16 0.570 0.534
MilbankLLP 15 1.059 1,734 4 21 0.366 0.693
DaviesWardPhillips&VinebergLLP
16 0.745 1,220 1 - - 0.745
King&SpaldingLLP 17 0.619 1,013 3 - - 0.619
GibsonDunn&Crutcher 18 0.519 850 1 59 0.008 0.511
HoganLovellsUSLLP 19 0.504 825 1 - - 0.504
PaulWeissRifkindWharton&Garrison
20 0.489 800 1 56 0.020 0.469
TOTAL 100% 163,673 197 100%
USLeveragedLoans:LegalAdviser-LenderRankedbyDealCount
Firm RankMkt
Share(%)DealCount
CahillGordon&Reindel 1 47.35 86
Latham&WatkinsLLP 2 9.64 24
McGuireWoodsLLP 3 6.82 17
DavisPolk&Wardwell 4 4.37 12
White&CaseLLP 5 4.77 10
Shearman&SterlingLLP 6 1.57 6
FriedFrankHarrisShriver&Jacobson
7 5.35 5
Dentons 8 1.10 4
MilbankLLP 8 1.06 4
WeilGotshal&MangesLLP 8 0.41 4
King&SpaldingLLP 11 0.62 3
SimpsonThacher&Bartlett 11 4.00 3
ThompsonHineLLP 11 0.21 3
Allen&OveryLLP 14 2.19 2
DuaneMorrisLLP 14 0.07 2
Kirkland&Ellis 14 1.96 2
Morrison&FoersterLLP 14 0.31 2
NortonRoseFulbrightLLP 14 0.09 2
Shin&Kim 14 0.14 2
Arnold&PorterKayeScholerLLP
20 0.02 1
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USLeveragedLoansUSLeveragedLoans:LegalAdviser-BorrowerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Kirkland&Ellis 1 18.887 29,059 48 1 15.000 3.887
Latham&WatkinsLLP 2 12.654 19,470 19 4 6.929 5.725
SimpsonThacher&Bartlett 3 9.256 14,241 17 2 10.379 -1.123
SkaddenArpsSlateMeagher&FlomLLP
4 9.001 13,849 7 10 2.530 6.471
ClearyGottliebSteen&Hamilton 5 4.839 7,445 6 54 0.253 4.586
White&CaseLLP 6 4.140 6,369 7 9 2.564 1.576
Ropes&GrayLLP 7 3.002 4,619 6 7 3.819 -0.817
Debevoise&PlimptonLLP 8 2.471 3,801 4 11 2.530 -0.059
WillkieFarr&Gallagher 9 2.408 3,705 4 38 0.551 1.857
CravathSwaine&Moore 10 2.294 3,530 5 29 0.678 1.616
DavisPolk&Wardwell 11 2.270 3,492 4 35 0.615 1.655
WeilGotshal&MangesLLP 12 2.225 3,423 5 3 7.035 -4.810
SidleyAustinLLP 13 2.075 3,193 3 - - 2.075
FriedFrankHarrisShriver&Jacobson
14 2.003 3,081 3 19 1.524 0.479
PaulWeissRifkindWharton&Garrison
15 1.708 2,628 8 5 4.493 -2.785
KramerLevinNaftalis&Frankel 16 1.365 2,100 1 - - 1.365
MilbankLLP 17 1.141 1,755 3 22 1.103 0.038
MorganLewis&BockiusLLP 18 1.140 1,754 2 28 0.699 0.441
Sullivan&Cromwell 19 1.105 1,700 2 13 1.828 -0.723
McCarthyTetrault 20 1.072 1,650 1 - - 1.072
TOTAL 100% 153,855 196 100%
USLeveragedLoans:LegalAdviser-BorrowerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Kirkland&Ellis 1 18.89 48
Latham&WatkinsLLP 2 12.65 19
SimpsonThacher&Bartlett 3 9.26 17
PaulWeissRifkindWharton&Garrison
4 1.71 8
SkaddenArpsSlateMeagher&FlomLLP
5 9.00 7
White&CaseLLP 5 4.14 7
ClearyGottliebSteen&Hamilton 7 4.84 6
Ropes&GrayLLP 7 3.00 6
CravathSwaine&Moore 9 2.29 5
WeilGotshal&MangesLLP 9 2.23 5
BakerBottsLLP 11 0.71 4
DavisPolk&Wardwell 11 2.27 4
Debevoise&PlimptonLLP 11 2.47 4
WillkieFarr&Gallagher 11 2.41 4
FriedFrankHarrisShriver&Jacobson
15 2.00 3
MilbankLLP 15 1.14 3
SidleyAustinLLP 15 2.08 3
AkinGumpStraussHauer&FeldLLP
18 0.49 2
GoodwinProcterLLP 18 0.98 2
GreenbergTraurigLLP 18 0.81 2
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CanadaEquityOfferingsCanadaEquityOfferings:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StikemanElliott 1 23.708 1,461 7 3 11.191 12.517
SimpsonThacher&Bartlett 2 15.456 953 1 - - 15.456
NortonRoseFulbrightLLP 3 12.129 748 1 - - 12.129
PaulWeissRifkindWharton&Garrison
3 12.129 748 1 7 4.435 7.694
BlakeCassels&GraydonLLP 5 8.782 541 4 6 5.321 3.461
GoodmansLLP 6 4.756 293 1 23 0.178 4.578
OslerHoskin&HarcourtLLP 7 3.734 230 1 4 10.844 -7.110
FaskenMartineauDuMoulinLLP 8 2.924 180 3 16 0.763 2.161
SkaddenArpsSlateMeagher&FlomLLP
9 2.890 178 1 25 0.160 2.730
ScudderLawFirmPC 10 2.473 152 1 - - 2.473
Torys 11 1.378 85 2 2 13.133 -11.755
Dentons 12 1.286 79 2 - - 1.286
BakerMcKenzie 13 1.210 75 1 27 0.100 1.110
GoodwinProcterLLP 13 1.210 75 1 27 0.100 1.110
StewartMcKelveyLLP 15 0.949 59 1 - - 0.949
WilsonSonsiniGoodrich&Rosati 16 0.736 45 1 - - 0.736
BennettJonesLLP 17 0.622 38 2 8 2.940 -2.318
McCarthyTetrault 18 0.568 35 1 19 0.427 0.141
FarrisVaughanWills&Murphy 19 0.565 35 2 - - 0.565
FoglerRubinoffLLP 20 0.529 33 2 14 1.225 -0.696
TOTAL 100% 6,163 49 100%
CanadaEquityOfferings:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
StikemanElliott 1 23.71 7
BlakeCassels&GraydonLLP 2 8.78 4
FaskenMartineauDuMoulinLLP 3 2.92 3
BennettJonesLLP 4 0.62 2
BordenLadnerGervaisLLP 4 0.30 2
Dentons 4 1.29 2
FarrisVaughanWills&Murphy 4 0.57 2
FoglerRubinoffLLP 4 0.53 2
Lotz&Co 4 0.01 2
McMillanLLP 4 0.29 2
O'NeillLawCorp 4 0.06 2
Torys 4 1.38 2
BakerMcKenzie 13 1.21 1
BeadleRaven 13 0.00 1
BoughtonLawCorp 13 0.23 1
CasselsBrock&BlackwellLLP 13 0.01 1
ChitizPathakLLP 13 0.25 1
DaviesWardPhillips&VinebergLLP
13 0.29 1
Dorsey&WhitneyLLP 13 0.13 1
FoxRothschildLLP 13 0.09 1
Bloomberg GlobalLegalAdviser|Q12020
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CanadaEquityOfferingsCanadaEquityOfferings:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
OslerHoskin&HarcourtLLP 1 31.717 1,961 6 4 8.082 23.635
DavisPolk&Wardwell 2 17.870 1,105 2 - - 17.870
DaviesWardPhillips&VinebergLLP
3 16.351 1,011 2 5 7.659 8.692
BlakeCassels&GraydonLLP 4 9.081 562 6 2 23.324 -14.243
McCarthyTetrault 5 8.052 498 3 1 32.314 -24.262
StikemanElliott 6 3.892 241 4 3 8.213 -4.321
CooleyLLP 7 3.748 232 3 - - 3.748
Torys 8 3.722 230 1 6 4.722 -1.000
FaskenMartineauDuMoulinLLP 9 1.354 84 4 13 0.299 1.055
MorganLewis&BockiusLLP 10 1.206 75 1 19 0.099 1.107
BakerMcKenzie 11 0.566 35 1 10 1.878 -1.312
BordenLadnerGervaisLLP 12 0.562 35 2 11 1.254 -0.692
BennettJonesLLP 13 0.477 29 2 27 0.006 0.471
Dentons 14 0.450 28 2 - - 0.450
CasselsBrock&BlackwellLLP 15 0.248 15 1 8 3.638 -3.390
WildeboerDellelceLLP 16 0.226 14 1 - - 0.226
PaulWeissRifkindWharton&Garrison
17 0.134 8 1 - - 0.134
DLAPiperLLP 18 0.134 8 1 9 2.335 -2.201
Loeb&LoebLLP 19 0.091 6 1 - - 0.091
MLTAikinsLLP 20 0.054 3 2 - - 0.054
TOTAL 100% 6,184 50 100%
CanadaEquityOfferings:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
BlakeCassels&GraydonLLP 1 9.08 6
OslerHoskin&HarcourtLLP 1 31.72 6
FaskenMartineauDuMoulinLLP 3 1.35 4
MillerThomsonLLP 3 0.02 4
StikemanElliott 3 3.89 4
CooleyLLP 6 3.75 3
HARPERGREYLLP 6 0.03 3
McCarthyTetrault 6 8.05 3
BennettJonesLLP 9 0.48 2
BordenLadnerGervaisLLP 9 0.56 2
DaviesWardPhillips&VinebergLLP
9 16.35 2
DavisPolk&Wardwell 9 17.87 2
Dentons 9 0.45 2
MLTAikinsLLP 9 0.05 2
BakerMcKenzie 15 0.57 1
CasselsBrock&BlackwellLLP 15 0.25 1
DLAPiperLLP 15 0.13 1
DumoulinBlackLLP 15 0.01 1
GetzPrinceWells 15 0.00 1
Loeb&LoebLLP 15 0.09 1
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page27
CanadaEquityIPOCanadaEquityIPO:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StikemanElliott 1 41.649 1,112 2 1 72.814 -31.165
SimpsonThacher&Bartlett 2 35.681 953 1 - - 35.681
GoodmansLLP 3 10.980 293 1 4 1.616 9.364
FaskenMartineauDuMoulinLLP
4 5.708 152 1 - - 5.708
ScudderLawFirmPC 4 5.708 152 1 - - 5.708
O'NeillLawCorp 6 0.131 3 2 - - 0.131
CasselsBrock&BlackwellLLP 7 0.030 0.80 1 - - 0.030
Lotz&Co 8 0.028 0.75 2 - - 0.028
TupperJonsson&Yeadon 9 0.019 0.50 1 - - 0.019
BennettJonesLLP 10 0.013 0.35 1 - - 0.013
BeadleRaven 11 0.011 0.30 1 - - 0.011
IrwinLowyLLP 12 0.010 0.26 1 - - 0.010
FarrisVaughanWills&Murphy 13 0.009 0.25 1 - - 0.009
Sui&Co 14 0.008 0.23 1 - - 0.008
MLTAikinsLLP 15 0.007 0.20 1 14 0.079 -0.072
SegevLLP 15 0.007 0.20 1 - - 0.007
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 2,670 17 100%
CanadaEquityIPO:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Lotz&Co 1 0.03 2
O'NeillLawCorp 1 0.13 2
StikemanElliott 1 41.65 2
BeadleRaven 4 0.01 1
BennettJonesLLP 4 0.01 1
CasselsBrock&BlackwellLLP 4 0.03 1
FarrisVaughanWills&Murphy 4 0.01 1
FaskenMartineauDuMoulinLLP
4 5.71 1
GoodmansLLP 4 10.98 1
IrwinLowyLLP 4 0.01 1
MLTAikinsLLP 4 0.01 1
ScudderLawFirmPC 4 5.71 1
SegevLLP 4 0.01 1
SimpsonThacher&Bartlett 4 35.68 1
Sui&Co 4 0.01 1
TupperJonsson&Yeadon 4 0.02 1
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CanadaEquityIPOCanadaEquityIPO:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 41.389 1,105 2 - - 41.389
DaviesWardPhillips&VinebergLLP
2 35.681 953 1 - - 35.681
BlakeCassels&GraydonLLP 3 16.948 452 2 6 1.616 15.332
StikemanElliott 4 5.708 152 1 - - 5.708
MLTAikinsLLP 5 0.125 3 2 - - 0.125
HARPERGREYLLP 6 0.066 2 3 - - 0.066
MillerThomsonLLP 7 0.043 1 4 5 1.790 -1.747
DumoulinBlackLLP 8 0.013 0.35 1 7 0.698 -0.685
PushorMitchellLLP 9 0.010 0.26 1 13 0.079 -0.069
GetzPrinceWells 10 0.009 0.25 1 10 0.168 -0.159
PetersonMcVicarLLP 11 0.008 0.23 1 11 0.164 -0.156
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 2,670 17 100%
CanadaEquityIPO:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
MillerThomsonLLP 1 0.04 4
HARPERGREYLLP 2 0.07 3
BlakeCassels&GraydonLLP 3 16.95 2
DavisPolk&Wardwell 3 41.39 2
MLTAikinsLLP 3 0.13 2
DaviesWardPhillips&VinebergLLP
6 35.68 1
DumoulinBlackLLP 6 0.01 1
GetzPrinceWells 6 0.01 1
PetersonMcVicarLLP 6 0.01 1
PushorMitchellLLP 6 0.01 1
StikemanElliott 6 5.71 1
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CanadaEquity&EquityLinkedCanadaEquity&EquityLinked:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StikemanElliott 1 23.708 1,461 7 3 8.368 15.340
SimpsonThacher&Bartlett 2 15.456 953 1 - - 15.456
NortonRoseFulbrightLLP 3 12.129 748 1 - - 12.129
PaulWeissRifkindWharton&Garrison
3 12.129 748 1 9 3.316 8.813
BlakeCassels&GraydonLLP 5 8.782 541 4 5 7.717 1.065
GoodmansLLP 6 4.756 293 1 26 0.133 4.623
OslerHoskin&HarcourtLLP 7 3.734 230 1 4 8.109 -4.375
FaskenMartineauDuMoulinLLP 8 2.924 180 3 12 2.846 0.078
SkaddenArpsSlateMeagher&FlomLLP
9 2.890 178 1 28 0.120 2.770
ScudderLawFirmPC 10 2.473 152 1 - - 2.473
Torys 11 1.378 85 2 2 9.821 -8.443
Dentons 12 1.286 79 2 - - 1.286
BakerMcKenzie 13 1.210 75 1 30 0.075 1.135
GoodwinProcterLLP 13 1.210 75 1 30 0.075 1.135
StewartMcKelveyLLP 15 0.949 59 1 - - 0.949
WilsonSonsiniGoodrich&Rosati 16 0.736 45 1 - - 0.736
BennettJonesLLP 17 0.622 38 2 13 2.199 -1.577
McCarthyTetrault 18 0.568 35 1 23 0.319 0.249
FarrisVaughanWills&Murphy 19 0.565 35 2 - - 0.565
FoglerRubinoffLLP 20 0.529 33 2 19 1.458 -0.929
TOTAL 100% 6,163 49 100%
CanadaEquity&EquityLinked:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
StikemanElliott 1 23.71 7
BlakeCassels&GraydonLLP 2 8.78 4
FaskenMartineauDuMoulinLLP 3 2.92 3
BennettJonesLLP 4 0.62 2
BordenLadnerGervaisLLP 4 0.30 2
Dentons 4 1.29 2
FarrisVaughanWills&Murphy 4 0.57 2
FoglerRubinoffLLP 4 0.53 2
Lotz&Co 4 0.01 2
McMillanLLP 4 0.29 2
O'NeillLawCorp 4 0.06 2
Torys 4 1.38 2
BakerMcKenzie 13 1.21 1
BeadleRaven 13 0.00 1
BoughtonLawCorp 13 0.23 1
CasselsBrock&BlackwellLLP 13 0.01 1
ChitizPathakLLP 13 0.25 1
DaviesWardPhillips&VinebergLLP
13 0.29 1
Dorsey&WhitneyLLP 13 0.13 1
FoxRothschildLLP 13 0.09 1
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CanadaEquity&EquityLinkedCanadaEquity&EquityLinked:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
OslerHoskin&HarcourtLLP 1 31.564 1,961 6 3 9.800 21.764
DavisPolk&Wardwell 2 17.784 1,105 2 - - 17.784
DaviesWardPhillips&VinebergLLP
3 16.755 1,041 3 7 5.761 10.994
BlakeCassels&GraydonLLP 4 9.038 562 6 1 25.525 -16.487
McCarthyTetrault 5 8.013 498 3 2 24.847 -16.834
StikemanElliott 6 3.873 241 4 6 6.178 -2.305
CooleyLLP 7 3.730 232 3 - - 3.730
Torys 8 3.704 230 1 5 6.437 -2.733
FaskenMartineauDuMoulinLLP 9 1.348 84 4 15 0.225 1.123
MorganLewis&BockiusLLP 10 1.200 75 1 21 0.074 1.126
BakerMcKenzie 11 0.563 35 1 12 1.412 -0.849
BordenLadnerGervaisLLP 12 0.560 35 2 13 0.944 -0.384
BennettJonesLLP 13 0.474 29 2 29 0.004 0.470
Dentons 14 0.448 28 2 - - 0.448
CasselsBrock&BlackwellLLP 15 0.246 15 1 9 2.737 -2.491
WildeboerDellelceLLP 16 0.225 14 1 10 1.835 -1.610
PaulWeissRifkindWharton&Garrison
17 0.134 8 1 4 7.818 -7.684
DLAPiperLLP 18 0.133 8 1 11 1.756 -1.623
Loeb&LoebLLP 19 0.090 6 1 - - 0.090
MLTAikinsLLP 20 0.054 3 2 - - 0.054
TOTAL 100% 6,214 51 100%
CanadaEquity&EquityLinked:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
BlakeCassels&GraydonLLP 1 9.04 6
OslerHoskin&HarcourtLLP 1 31.56 6
FaskenMartineauDuMoulinLLP 3 1.35 4
MillerThomsonLLP 3 0.02 4
StikemanElliott 3 3.87 4
CooleyLLP 6 3.73 3
DaviesWardPhillips&VinebergLLP
6 16.76 3
HARPERGREYLLP 6 0.03 3
McCarthyTetrault 6 8.01 3
BennettJonesLLP 10 0.47 2
BordenLadnerGervaisLLP 10 0.56 2
DavisPolk&Wardwell 10 17.78 2
Dentons 10 0.45 2
MLTAikinsLLP 10 0.05 2
BakerMcKenzie 15 0.56 1
CasselsBrock&BlackwellLLP 15 0.25 1
DLAPiperLLP 15 0.13 1
DumoulinBlackLLP 15 0.01 1
GetzPrinceWells 15 0.00 1
Loeb&LoebLLP 15 0.09 1
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CanadaEquity,EquityLinked&PreferredCanadaEquity,EquityLinked&Preferred:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StikemanElliott 1 22.608 1,461 7 4 7.477 15.131
SimpsonThacher&Bartlett 2 14.739 953 1 - - 14.739
NortonRoseFulbrightLLP 3 11.566 748 1 - - 11.566
PaulWeissRifkindWharton&Garrison
3 11.566 748 1 9 2.963 8.603
BlakeCassels&GraydonLLP 5 9.535 616 5 2 13.188 -3.653
GoodmansLLP 6 4.536 293 1 26 0.119 4.417
Torys 7 3.635 235 3 3 12.163 -8.528
OslerHoskin&HarcourtLLP 8 3.561 230 1 5 7.245 -3.684
FaskenMartineauDuMoulinLLP 9 2.788 180 3 12 2.543 0.245
SkaddenArpsSlateMeagher&FlomLLP
10 2.756 178 1 28 0.107 2.649
ScudderLawFirmPC 11 2.358 152 1 - - 2.358
McCarthyTetrault 12 1.702 110 2 23 0.285 1.417
Dentons 13 1.226 79 2 - - 1.226
BakerMcKenzie 14 1.154 75 1 30 0.067 1.087
GoodwinProcterLLP 14 1.154 75 1 30 0.067 1.087
StewartMcKelveyLLP 16 0.905 59 1 - - 0.905
WilsonSonsiniGoodrich&Rosati 17 0.702 45 1 - - 0.702
BennettJonesLLP 18 0.593 38 2 13 1.965 -1.372
FarrisVaughanWills&Murphy 19 0.539 35 2 - - 0.539
FoglerRubinoffLLP 20 0.504 33 2 19 1.302 -0.798
TOTAL 100% 6,463 51 100%
CanadaEquity,EquityLinked&Preferred:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
StikemanElliott 1 22.61 7
BlakeCassels&GraydonLLP 2 9.54 5
FaskenMartineauDuMoulinLLP 3 2.79 3
Torys 3 3.63 3
BennettJonesLLP 5 0.59 2
BordenLadnerGervaisLLP 5 0.28 2
Dentons 5 1.23 2
FarrisVaughanWills&Murphy 5 0.54 2
FoglerRubinoffLLP 5 0.50 2
Lotz&Co 5 0.01 2
McCarthyTetrault 5 1.70 2
McMillanLLP 5 0.28 2
O'NeillLawCorp 5 0.05 2
BakerMcKenzie 14 1.15 1
BeadleRaven 14 0.00 1
BoughtonLawCorp 14 0.22 1
CasselsBrock&BlackwellLLP 14 0.01 1
ChitizPathakLLP 14 0.24 1
DaviesWardPhillips&VinebergLLP
14 0.28 1
Dorsey&WhitneyLLP 14 0.13 1
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CanadaEquity,EquityLinked&PreferredCanadaEquity,EquityLinked&Preferred:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
OslerHoskin&HarcourtLLP 1 33.177 2,111 7 3 9.347 23.830
DavisPolk&Wardwell 2 17.364 1,105 2 - - 17.364
DaviesWardPhillips&VinebergLLP
3 16.360 1,041 3 7 5.495 10.865
BlakeCassels&GraydonLLP 4 8.825 562 6 2 24.344 -15.519
McCarthyTetrault 5 7.824 498 3 1 26.268 -18.444
StikemanElliott 6 3.782 241 4 6 5.892 -2.110
CooleyLLP 7 3.642 232 3 - - 3.642
Torys 8 3.616 230 1 5 6.139 -2.523
FaskenMartineauDuMoulinLLP 9 1.316 84 4 16 0.215 1.101
MorganLewis&BockiusLLP 10 1.172 75 1 22 0.071 1.101
BakerMcKenzie 11 0.550 35 1 13 1.347 -0.797
BordenLadnerGervaisLLP 12 0.546 35 2 14 0.900 -0.354
BennettJonesLLP 13 0.463 29 2 30 0.004 0.459
Dentons 14 0.437 28 2 - - 0.437
CasselsBrock&BlackwellLLP 15 0.241 15 1 9 2.610 -2.369
WildeboerDellelceLLP 16 0.220 14 1 11 1.750 -1.530
PaulWeissRifkindWharton&Garrison
17 0.130 8 1 4 7.456 -7.326
DLAPiperLLP 18 0.130 8 1 12 1.675 -1.545
Loeb&LoebLLP 19 0.088 6 1 - - 0.088
MLTAikinsLLP 20 0.052 3 2 - - 0.052
TOTAL 100% 6,364 52 100%
CanadaEquity,EquityLinked&Preferred:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
OslerHoskin&HarcourtLLP 1 33.18 7
BlakeCassels&GraydonLLP 2 8.82 6
FaskenMartineauDuMoulinLLP 3 1.32 4
MillerThomsonLLP 3 0.02 4
StikemanElliott 3 3.78 4
CooleyLLP 6 3.64 3
DaviesWardPhillips&VinebergLLP
6 16.36 3
HARPERGREYLLP 6 0.03 3
McCarthyTetrault 6 7.82 3
BennettJonesLLP 10 0.46 2
BordenLadnerGervaisLLP 10 0.55 2
DavisPolk&Wardwell 10 17.36 2
Dentons 10 0.44 2
MLTAikinsLLP 10 0.05 2
BakerMcKenzie 15 0.55 1
CasselsBrock&BlackwellLLP 15 0.24 1
DLAPiperLLP 15 0.13 1
DumoulinBlackLLP 15 0.01 1
GetzPrinceWells 15 0.00 1
Loeb&LoebLLP 15 0.09 1
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CanadaCorporateBondsCanadaCorporateBonds:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DaviesWardPhillips&VinebergLLP
1 10.608 1,500 1 5 6.411 4.197
McCarthyTetrault 2 10.255 1,450 3 1 20.255 -10.000
Torys 2 10.255 1,450 5 4 9.758 0.497
StikemanElliott 4 9.017 1,275 3 3 15.820 -6.803
OslerHoskin&HarcourtLLP 5 7.779 1,100 3 2 17.151 -9.372
DavisPolk&Wardwell 6 7.072 1,000 1 - - 7.072
FaegreDrinkerBiddle&ReathLLP
6 7.072 1,000 1 - - 7.072
Sullivan&Cromwell 8 6.188 875 2 - - 6.188
BlakeCassels&GraydonLLP 9 5.658 800 3 8 5.618 0.040
NortonRoseFulbrightLLP 9 5.658 800 2 6 5.914 -0.256
CravathSwaine&Moore 11 4.597 650 1 - - 4.597
McGuireWoodsLLP 12 3.890 550 1 - - 3.890
AIRD&BerlisLLP 13 2.829 400 1 - - 2.829
GoodmansLLP 14 2.475 350 1 - - 2.475
BennettJonesLLP 15 2.122 300 1 - - 2.122
Shearman&SterlingLLP 16 1.768 250 1 - - 1.768
McMillanLLP 17 1.273 180 1 - - 1.273
BordenLadnerGervaisLLP 18 0.884 125 1 13 0.887 -0.003
BurnetDuckworth&Palmer 19 0.601 85 1 9 4.879 -4.278
- - - - - - - -
TOTAL 100% 14,140 30 100%
CanadaCorporateBonds:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Torys 1 10.25 5
BlakeCassels&GraydonLLP 2 5.66 3
McCarthyTetrault 2 10.25 3
OslerHoskin&HarcourtLLP 2 7.78 3
StikemanElliott 2 9.02 3
NortonRoseFulbrightLLP 6 5.66 2
Sullivan&Cromwell 6 6.19 2
AIRD&BerlisLLP 8 2.83 1
BennettJonesLLP 8 2.12 1
BordenLadnerGervaisLLP 8 0.88 1
BurnetDuckworth&Palmer 8 0.60 1
CravathSwaine&Moore 8 4.60 1
DaviesWardPhillips&VinebergLLP
8 10.61 1
DavisPolk&Wardwell 8 7.07 1
FaegreDrinkerBiddle&ReathLLP
8 7.07 1
GoodmansLLP 8 2.48 1
McGuireWoodsLLP 8 3.89 1
McMillanLLP 8 1.27 1
Shearman&SterlingLLP 8 1.77 1
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CanadaCorporateBondsCanadaCorporateBonds:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
OslerHoskin&HarcourtLLP 1 16.880 2,180 4 1 21.205 -4.325
McCarthyTetrault 2 16.647 2,150 4 3 11.438 5.209
BlakeCassels&GraydonLLP 3 12.389 1,600 5 11 3.118 9.271
StikemanElliott 4 11.111 1,435 4 7 5.769 5.342
DaviesWardPhillips&VinebergLLP
5 8.517 1,100 2 8 4.989 3.528
SidleyAustinLLP 6 7.743 1,000 1 - - 7.743
Latham&WatkinsLLP 7 5.033 650 1 - - 5.033
DavisPolk&Wardwell 8 4.259 550 1 - - 4.259
Allen&OveryLLP 9 3.871 500 1 9 3.742 0.129
GibsonDunn&Crutcher 9 3.871 500 1 6 6.237 -2.366
GoodmansLLP 9 3.871 500 2 9 3.742 0.129
Shearman&SterlingLLP 9 3.871 500 1 - - 3.871
CravathSwaine&Moore 13 1.936 250 1 - - 1.936
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 12,915 25 100%
CanadaCorporateBonds:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
BlakeCassels&GraydonLLP 1 12.39 5
McCarthyTetrault 2 16.65 4
OslerHoskin&HarcourtLLP 2 16.88 4
StikemanElliott 2 11.11 4
DaviesWardPhillips&VinebergLLP
5 8.52 2
GoodmansLLP 5 3.87 2
Allen&OveryLLP 7 3.87 1
CravathSwaine&Moore 7 1.94 1
DavisPolk&Wardwell 7 4.26 1
GibsonDunn&Crutcher 7 3.87 1
Latham&WatkinsLLP 7 5.03 1
Shearman&SterlingLLP 7 3.87 1
SidleyAustinLLP 7 7.74 1
Bloomberg GlobalLegalAdviser|Q12020
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EMEAEquityIPOEMEAEquityIPO:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
LawFirmofSalahAl-Hejailan/The 1 44.970 700 1 5 6.443 38.527
SimpsonThacher&Bartlett 2 27.973 435 1 - - 27.973
RoschierAsianajotoimistoOy 3 12.740 198 1 - - 12.740
AdvokatfirmaetThommessenAS 4 4.568 71 1 - - 4.568
ConyersDill&Pearman 4 4.568 71 1 - - 4.568
SacranieGow&CoRealty 6 2.448 38 1 - - 2.448
Castren&Snellman 7 0.594 9 1 14 0.796 -0.202
CBR&Associes 8 0.477 7 1 - - 0.477
SetterwallsAdvokatbyraAB 9 0.338 5 1 11 2.671 -2.333
AdvokatfirmaetSelmerDA 10 0.238 4 1 - - 0.238
AdvokatfirmanTorngrenMagnellKommanditbola
10 0.238 4 1 - - 0.238
AdvokatfirmaetSchjodtAS 12 0.234 4 1 - - 0.234
HillDickinsonLLP 13 0.193 3 1 - - 0.193
GianniOrigoniGrippoCapelliPartners 14 0.093 1 1 - - 0.093
MarriottHarrison 14 0.093 1 1 - - 0.093
Drew&Napier 16 0.078 1 1 - - 0.078
HoganLovellsUSLLP 16 0.078 1 1 - - 0.078
NektorovSaveliev&Partners 16 0.078 1 1 - - 0.078
- - - - - - - -
- - - - - - - -
TOTAL 100% 1,556 13 100%
EMEAEquityIPO:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
AdvokatfirmaetSchjodtAS 1 0.23 1
AdvokatfirmaetSelmerDA 1 0.24 1
AdvokatfirmaetThommessenAS 1 4.57 1
AdvokatfirmanTorngrenMagnellKommanditbola
1 0.24 1
CBR&Associes 1 0.48 1
Castren&Snellman 1 0.59 1
ConyersDill&Pearman 1 4.57 1
Drew&Napier 1 0.08 1
GianniOrigoniGrippoCapelliPartners
1 0.09 1
HillDickinsonLLP 1 0.19 1
HoganLovellsUSLLP 1 0.08 1
LawFirmofSalahAl-Hejailan/The 1 44.97 1
MarriottHarrison 1 0.09 1
NektorovSaveliev&Partners 1 0.08 1
RoschierAsianajotoimistoOy 1 12.74 1
SacranieGow&CoRealty 1 2.45 1
SetterwallsAdvokatbyraAB 1 0.34 1
SimpsonThacher&Bartlett 1 27.97 1
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EMEAEquityIPOEMEAEquityIPO:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
CliffordChanceLLP 1 56.115 435 1 2 15.158 40.957
BoreniusAttorneysLtd 2 25.556 198 1 - - 25.556
AdvokatfirmaetSchjodtAS 3 18.329 142 1 - - 18.329
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 776 3 100%
EMEAEquityIPO:LegalAdviser-ManagerRankedbyDealCount
Firm Rank MktShare(%) DealCount
AdvokatfirmaetSchjodtAS 1 18.33 1
BoreniusAttorneysLtd 1 25.56 1
CliffordChanceLLP 1 56.11 1
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page37
EMEAEquityOfferingsEMEAEquityOfferings:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
LawFirmofSalahAl-Hejailan/The 1 19.794 700 1 21 0.548 19.246
DavisPolk&Wardwell 2 15.809 559 1 - - 15.809
SimpsonThacher&Bartlett 3 12.313 435 1 - - 12.313
LinklatersLLP 4 7.119 252 1 10 2.011 5.108
BakerMcKenzie 5 5.681 201 3 5 3.089 2.592
RoschierAsianajotoimistoOy 6 5.608 198 1 - - 5.608
CooleyLLP 7 4.730 167 3 20 0.739 3.991
Latham&WatkinsLLP 8 4.317 153 3 4 3.760 0.557
AdvokatfirmaDLAPiperSwedenKB 9 3.880 137 1 - - 3.880
AdvokatfirmaetThommessenAS 10 3.011 106 3 - - 3.011
AdvokatfirmanVingeKB 11 2.290 81 2 - - 2.290
AdvokatfirmaetSchjodtAS 12 2.156 76 2 - - 2.156
ConyersDill&Pearman 13 2.011 71 1 - - 2.011
AdvokatfirmanCederquistKB 14 1.753 62 1 - - 1.753
McDermottWill&EmeryLLPINC 15 1.500 53 2 40 0.016 1.484
SacranieGow&CoRealty 16 1.077 38 1 - - 1.077
ShibolethYisraeliRobertsZisman&Co
17 1.061 37 1 - - 1.061
ZysmanAharoniGayerSullivan&Worcester
18 0.704 25 2 29 0.086 0.618
GoldfarbSeligman&Co 19 0.569 20 1 28 0.145 0.424
AdvokatfirmanLindahl 20 0.524 19 1 - - 0.524
TOTAL 100% 3,535 45 100%
EMEAEquityOfferings:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
AdvokatfirmaetThommessenAS 1 3.01 3
BakerMcKenzie 1 5.68 3
CooleyLLP 1 4.73 3
Latham&WatkinsLLP 1 4.32 3
SetterwallsAdvokatbyraAB 1 0.42 3
AdvokatfirmaetSchjodtAS 6 2.16 2
AdvokatfirmanVingeKB 6 2.29 2
McDermottWill&EmeryLLPINC 6 1.50 2
ZysmanAharoniGayerSullivan&Worcester
6 0.70 2
AGPAdvokaterAS 10 0.16 1
AdvokatfirmaDLAPiperSwedenKB 10 3.88 1
AdvokatfirmaetSelmerDA 10 0.10 1
AdvokatfirmanCederquistKB 10 1.75 1
AdvokatfirmanDelphi 10 0.37 1
AdvokatfirmanLindahl 10 0.52 1
AdvokatfirmanTorngrenMagnellKommanditbola
10 0.10 1
AvanzaAB 10 0.08 1
CBR&Associes 10 0.21 1
CarterLedyard&MilburnLLP 10 0.36 1
Castren&Snellman 10 0.26 1
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EMEAEquityOfferingsEMEAEquityOfferings:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
FreshfieldsBruckhausDeringer 1 17.410 880 2 9 2.060 15.350
LinklatersLLP 2 14.363 726 2 2 13.057 1.306
FriedFrankHarrisShriver&Jacobson
3 11.062 559 1 - - 11.062
Allen&OveryLLP 4 9.719 491 1 1 45.276 -35.557
CliffordChanceLLP 5 8.616 435 1 6 2.829 5.787
White&CaseLLP 6 7.659 387 3 3 9.682 -2.023
DavisPolk&Wardwell 7 4.981 252 1 10 1.537 3.444
BoreniusAttorneysLtd 8 3.924 198 1 - - 3.924
BakerMcKenzie 9 3.801 192 3 18 0.283 3.518
SkaddenArpsSlateMeagher&FlomLLP
10 3.001 152 1 - - 3.001
AdvokatfirmaetSchjodtAS 11 2.814 142 1 - - 2.814
DLAPiperLLP 12 2.395 121 1 - - 2.395
RoschierAdvokatbyraAB 13 1.847 93 1 - - 1.847
GoodwinProcterLLP 14 1.638 83 3 12 1.013 0.625
Gornitzky&Co 15 1.619 82 4 23 0.091 1.528
Ropes&GrayLLP 16 1.579 80 1 - - 1.579
GideLoyretteNouel 17 0.989 50 1 - - 0.989
Covington&Burling 18 0.970 49 2 - - 0.970
WikborgRein&Co 19 0.594 30 1 - - 0.594
LowensteinSandlerLLP 20 0.416 21 1 - - 0.416
TOTAL 100% 5,052 31 100%
EMEAEquityOfferings:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Gornitzky&Co 1 1.62 4
BakerMcKenzie 2 3.80 3
GoodwinProcterLLP 2 1.64 3
White&CaseLLP 2 7.66 3
Covington&Burling 5 0.97 2
FreshfieldsBruckhausDeringer 5 17.41 2
LinklatersLLP 5 14.36 2
AdvokatfirmaetSchjodtAS 8 2.81 1
Allen&OveryLLP 8 9.72 1
BlakeCassels&GraydonLLP 8 0.21 1
BoreniusAttorneysLtd 8 3.92 1
CliffordChanceLLP 8 8.62 1
DLAPiperLLP 8 2.39 1
DavisPolk&Wardwell 8 4.98 1
FriedFrankHarrisShriver&Jacobson
8 11.06 1
GideLoyretteNouel 8 0.99 1
Gracin&MarlowLLP 8 0.20 1
Loeb&LoebLLP 8 0.08 1
LowensteinSandlerLLP 8 0.42 1
Ropes&GrayLLP 8 1.58 1
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AIMEquityOfferingsAIMEquityOfferings:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(GBP
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
NortonRoseFulbrightLLP 1 80.069 9 1 - - 80.069
GianniOrigoniGrippoCapelliPartners
2 9.965 1 1 - - 9.965
MarriottHarrison 2 9.965 1 1 - - 9.965
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 11 2 100%
AIMEquityOfferings:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
GianniOrigoniGrippoCapelliPartners
1 9.97 1
MarriottHarrison 1 9.97 1
NortonRoseFulbrightLLP 1 80.07 1
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Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page41
EuropeanBondsEuropeanBonds:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Allen&OveryLLP 1 19.444 19,127 42 1 18.774 0.670
White&CaseLLP 2 18.225 17,928 18 5 8.747 9.478
ClearyGottliebSteen&Hamilton 3 11.394 11,208 10 6 6.123 5.271
LinklatersLLP 4 8.513 8,374 18 3 13.393 -4.880
SlaughterandMay 5 5.300 5,213 7 30 0.185 5.115
MayerBrownLLP 6 4.823 4,745 5 - - 4.823
CliffordChanceLLP 7 4.120 4,053 12 4 11.985 -7.865
WeilGotshal&MangesLLP 8 2.085 2,051 4 22 0.372 1.713
Kirkland&Ellis 9 1.942 1,910 3 28 0.210 1.732
HomburgerAG 10 1.917 1,886 3 15 0.760 1.157
Winston&StrawnLLP 11 1.882 1,851 1 - - 1.882
UriaMenendezLawFirm 12 1.525 1,500 1 18 0.554 0.971
KZHHoldingCorp 13 1.271 1,250 1 - - 1.271
StudioLegaleRioloCalderaroCrisostomo
14 1.169 1,150 2 - - 1.169
ErsteGroupBank 15 1.141 1,123 1 - - 1.141
FreshfieldsBruckhausDeringer 16 1.032 1,015 3 11 1.344 -0.312
AdvokatfirmaetBAHRAS 17 0.996 979 4 - - 0.996
MannheimerSwartling 18 0.984 968 4 44 0.029 0.955
CravathSwaine&Moore 19 0.859 844 4 12 1.190 -0.331
ArthurCox 20 0.848 835 3 - - 0.848
Latham&WatkinsLLP 21 0.785 772 2 17 0.583 0.202
TOTAL 100% 98,367 160 100%
EuropeanBonds:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Allen&OveryLLP 1 19.44 42
LinklatersLLP 2 8.51 18
White&CaseLLP 2 18.23 18
CliffordChanceLLP 4 4.12 12
ClearyGottliebSteen&Hamilton
5 11.39 10
SlaughterandMay 6 5.30 7
MayerBrownLLP 7 4.82 5
AdvokatfirmaetBAHRAS 8 1.00 4
CravathSwaine&Moore 8 0.86 4
MagnussonAdvokatbyra 8 0.15 4
MannheimerSwartling 8 0.98 4
Stibbe 8 0.56 4
WeilGotshal&MangesLLP 8 2.08 4
ArthurCox 14 0.85 3
FreshfieldsBruckhausDeringer
14 1.03 3
HomburgerAG 14 1.92 3
Kirkland&Ellis 14 1.94 3
Simmons&Simmons 14 0.03 3
WolfTheiss 14 0.12 3
WombleBondDickinsonUSLLP
14 0.55 3
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EuropeanBondsEuropeanBonds:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Allen&OveryLLP 1 35.437 51,821 96 1 34.434 1.003
LinklatersLLP 2 19.508 28,527 42 2 17.330 2.178
CliffordChanceLLP 3 13.385 19,574 29 3 11.122 2.263
White&CaseLLP 4 9.508 13,904 20 4 10.066 -0.558
DavisPolk&Wardwell 5 3.973 5,810 6 9 2.896 1.077
Morrison&FoersterLLP 6 3.131 4,578 4 - - 3.131
GideLoyretteNouel 7 1.710 2,500 1 15 0.550 1.160
WikborgRein&Co 8 1.635 2,391 1 - - 1.635
CravathSwaine&Moore 9 1.546 2,261 2 17 0.422 1.124
Latham&WatkinsLLP 10 1.402 2,050 3 21 0.228 1.174
HengelerMueller 11 1.273 1,862 11 6 3.739 -2.466
CahillGordon&Reindel 12 1.078 1,576 2 20 0.260 0.818
FreshfieldsBruckhausDeringer 13 0.783 1,145 3 11 1.321 -0.538
SlaughterandMay 14 0.684 1,000 1 - - 0.684
HoganLovellsUSLLP 15 0.670 980 7 5 4.043 -3.373
ClearyGottliebSteen&Hamilton
16 0.581 850 2 14 1.060 -0.479
ChiomentiStudioLegale 17 0.513 750 1 - - 0.513
LacoroEfibancaSpA 17 0.513 750 1 - - 0.513
SimpsonThacher&Bartlett 19 0.431 631 2 7 3.669 -3.238
British&MalayanTrusteesLimited
20 0.402 588 1 - - 0.402
TOTAL 100% 146,235 242 100%
EuropeanBonds:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Allen&OveryLLP 1 35.44 96
LinklatersLLP 2 19.51 42
CliffordChanceLLP 3 13.39 29
White&CaseLLP 4 9.51 20
HengelerMueller 5 1.27 11
HoganLovellsUSLLP 6 0.67 7
DavisPolk&Wardwell 7 3.97 6
Morrison&FoersterLLP 8 3.13 4
FreshfieldsBruckhausDeringer
9 0.78 3
Latham&WatkinsLLP 9 1.40 3
CahillGordon&Reindel 11 1.08 2
ClearyGottliebSteen&Hamilton
11 0.58 2
CravathSwaine&Moore 11 1.55 2
JonesDay 11 0.35 2
SimpsonThacher&Bartlett 11 0.43 2
AdvokatfirmaetBAHRAS 16 0.01 1
AdvokatfirmaetThommessenAS
16 0.31 1
AdvokatfirmanVingeKB 16 0.17 1
Albar&Partners 16 0.03 1
ArthurCox 16 0.03 1
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EMEACorporateHighYieldBonds(incEM)EMEACorporateHighYieldBonds(incEM)-Risk:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Kirkland&Ellis 1 23.181 2,260 4 5 7.708 15.473
Allen&OveryLLP 2 19.443 1,896 4 10 4.065 15.378
SimpsonThacher&Bartlett 3 10.564 1,030 2 3 10.704 -0.140
SkaddenArpsSlateMeagher&FlomLLP
4 6.469 631 2 - - 6.469
Latham&WatkinsLLP 5 5.128 500 1 - - 5.128
LinklatersLLP 5 5.128 500 1 2 22.304 -17.176
White&CaseLLP 7 3.590 350 1 9 4.133 -0.543
CravathSwaine&Moore 8 3.077 300 1 - - 3.077
HengelerMueller 8 3.077 300 1 - - 3.077
MilbankLLP 8 3.077 300 1 - - 3.077
ArthurCox 11 2.757 269 1 - - 2.757
Shearman&SterlingLLP 12 2.667 260 1 - - 2.667
Arendt&Medernach 13 2.331 227 1 - - 2.331
Dentons 13 2.331 227 1 - - 2.331
WeilGotshal&MangesLLP 15 2.051 200 1 4 8.225 -6.174
LutherS.A. 16 1.709 167 1 - - 1.709
MayerBrownLLP 16 1.709 167 1 8 5.691 -3.982
Ropes&GrayLLP 16 1.709 167 1 - - 1.709
- - - - - - - -
- - - - - - - -
TOTAL 100% 9,750 21 100%
EMEACorporateHighYieldBonds(incEM)-Risk:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Allen&OveryLLP 1 19.44 4
Kirkland&Ellis 1 23.18 4
SimpsonThacher&Bartlett 3 10.56 2
SkaddenArpsSlateMeagher&FlomLLP
3 6.47 2
Arendt&Medernach 5 2.33 1
ArthurCox 5 2.76 1
CravathSwaine&Moore 5 3.08 1
Dentons 5 2.33 1
HengelerMueller 5 3.08 1
Latham&WatkinsLLP 5 5.13 1
LinklatersLLP 5 5.13 1
LutherS.A. 5 1.71 1
MayerBrownLLP 5 1.71 1
MilbankLLP 5 3.08 1
Ropes&GrayLLP 5 1.71 1
Shearman&SterlingLLP 5 2.67 1
WeilGotshal&MangesLLP 5 2.05 1
White&CaseLLP 5 3.59 1
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EMEACorporateHighYieldBonds(incEM)EMEACorporateHighYieldBonds(incEM)-Risk:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Allen&OveryLLP 1 47.360 4,942 11 1 28.482 18.878
LinklatersLLP 2 18.632 1,944 4 9 3.832 14.800
ClearyGottliebSteen&Hamilton
3 8.145 850 2 - - 8.145
SimpsonThacher&Bartlett 4 7.799 814 3 10 3.134 4.665
Latham&WatkinsLLP 5 7.666 800 2 5 6.793 0.873
MilbankLLP 6 4.648 485 2 7 5.812 -1.164
CliffordChanceLLP 7 3.354 350 1 2 16.424 -13.070
NautaDutilh 8 2.396 250 1 - - 2.396
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 10,435 25 100%
EMEACorporateHighYieldBonds(incEM)-Risk:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Allen&OveryLLP 1 47.36 11
LinklatersLLP 2 18.63 4
SimpsonThacher&Bartlett 3 7.80 3
ClearyGottliebSteen&Hamilton
4 8.15 2
Latham&WatkinsLLP 4 7.67 2
MilbankLLP 4 4.65 2
CliffordChanceLLP 7 3.35 1
NautaDutilh 7 2.40 1
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EMEACorporateInvestmentGradeBonds(incEM)EMEACorporateInvestmentGradeBonds(incEM):LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 24.937 5,155 6 - - 24.937
White&CaseLLP 2 24.188 5,000 4 7 4.544 19.644
LinklatersLLP 3 9.698 2,005 4 4 10.390 -0.692
Winston&StrawnLLP 4 8.955 1,851 1 - - 8.955
ClearyGottliebSteen&Hamilton 5 7.825 1,618 4 17 0.185 7.640
Allen&OveryLLP 6 3.749 775 2 1 31.869 -28.120
DeBrauwBlackstoneWestbroek 7 3.628 750 1 - - 3.628
FreshfieldsBruckhausDeringer 7 3.628 750 1 6 5.688 -2.060
ArthurCox 9 2.737 566 2 - - 2.737
Shearman&SterlingLLP 10 2.419 500 1 11 1.567 0.852
MannheimerSwartling 11 2.265 468 3 18 0.115 2.150
CliffordChanceLLP 12 1.445 299 1 3 13.021 -11.576
SlaughterandMay 13 1.422 294 1 - - 1.422
WeilGotshal&MangesLLP 14 1.330 275 1 - - 1.330
SkaddenArpsSlateMeagher&FlomLLP
15 1.302 269 1 5 7.313 -6.011
MatryMeiri&Co 16 0.470 97 1 - - 0.470
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 20,672 32 100%
EMEACorporateInvestmentGradeBonds(incEM):LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 24.94 6
ClearyGottliebSteen&Hamilton 2 7.83 4
LinklatersLLP 2 9.70 4
White&CaseLLP 2 24.19 4
MannheimerSwartling 5 2.26 3
Allen&OveryLLP 6 3.75 2
ArthurCox 6 2.74 2
CliffordChanceLLP 8 1.45 1
DeBrauwBlackstoneWestbroek 8 3.63 1
FreshfieldsBruckhausDeringer 8 3.63 1
MatryMeiri&Co 8 0.47 1
Shearman&SterlingLLP 8 2.42 1
SkaddenArpsSlateMeagher&FlomLLP
8 1.30 1
SlaughterandMay 8 1.42 1
WeilGotshal&MangesLLP 8 1.33 1
Winston&StrawnLLP 8 8.95 1
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EMEACorporateInvestmentGradeBonds(incEM)EMEACorporateInvestmentGradeBonds(incEM):LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
White&CaseLLP 1 18.154 7,082 7 5 12.784 5.370
CliffordChanceLLP 2 16.757 6,537 9 1 22.251 -5.494
Allen&OveryLLP 3 16.194 6,318 15 2 16.970 -0.776
DavisPolk&Wardwell 4 12.866 5,019 6 4 12.938 -0.072
LinklatersLLP 5 12.330 4,810 7 3 13.749 -1.419
CahillGordon&Reindel 6 11.932 4,655 5 - - 11.932
FreshfieldsBruckhausDeringer
7 2.884 1,125 2 12 0.924 1.960
Shearman&SterlingLLP 8 2.179 850 1 - - 2.179
Sullivan&Cromwell 9 1.410 550 1 11 1.109 0.301
HengelerMueller 10 1.282 500 1 10 1.309 -0.027
MayerBrownLLP 10 1.282 500 1 - - 1.282
SimpsonThacher&Bartlett 10 1.282 500 1 - - 1.282
HuntonAndrewsKurthLLP 13 0.810 316 1 - - 0.810
AdvokatfirmanVingeKB 14 0.641 250 1 - - 0.641
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 39,012 56 100%
EMEACorporateInvestmentGradeBonds(incEM):LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Allen&OveryLLP 1 16.19 15
CliffordChanceLLP 2 16.76 9
LinklatersLLP 3 12.33 7
White&CaseLLP 3 18.15 7
DavisPolk&Wardwell 5 12.87 6
CahillGordon&Reindel 6 11.93 5
FreshfieldsBruckhausDeringer
7 2.88 2
AdvokatfirmanVingeKB 8 0.64 1
HengelerMueller 8 1.28 1
HuntonAndrewsKurthLLP 8 0.81 1
MayerBrownLLP 8 1.28 1
Shearman&SterlingLLP 8 2.18 1
SimpsonThacher&Bartlett 8 1.28 1
Sullivan&Cromwell 8 1.41 1
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WesternEuropeanCorporateHighYieldBondsWesternEuropeanCorporateHighYieldBonds-Risk:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Kirkland&Ellis 1 27.612 2,260 4 4 14.429 13.183
Allen&OveryLLP 2 16.548 1,354 2 7 7.610 8.938
SimpsonThacher&Bartlett 3 12.583 1,030 2 2 20.038 -7.455
SkaddenArpsSlateMeagher&FlomLLP
4 7.706 631 2 - - 7.706
Latham&WatkinsLLP 5 6.108 500 1 - - 6.108
LinklatersLLP 5 6.108 500 1 - - 6.108
White&CaseLLP 7 4.276 350 1 6 7.737 -3.461
CravathSwaine&Moore 8 3.665 300 1 - - 3.665
HengelerMueller 8 3.665 300 1 - - 3.665
Shearman&SterlingLLP 10 3.176 260 1 - - 3.176
WeilGotshal&MangesLLP 11 2.443 200 1 3 15.398 -12.955
LutherS.A. 12 2.036 167 1 - - 2.036
MayerBrownLLP 12 2.036 167 1 - - 2.036
Ropes&GrayLLP 12 2.036 167 1 - - 2.036
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 8,185 17 100%
WesternEuropeanCorporateHighYieldBonds-Risk:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Kirkland&Ellis 1 27.61 4
Allen&OveryLLP 2 16.55 2
SimpsonThacher&Bartlett 2 12.58 2
SkaddenArpsSlateMeagher&FlomLLP
2 7.71 2
CravathSwaine&Moore 5 3.67 1
HengelerMueller 5 3.67 1
Latham&WatkinsLLP 5 6.11 1
LinklatersLLP 5 6.11 1
LutherS.A. 5 2.04 1
MayerBrownLLP 5 2.04 1
Ropes&GrayLLP 5 2.04 1
Shearman&SterlingLLP 5 3.18 1
WeilGotshal&MangesLLP 5 2.44 1
White&CaseLLP 5 4.28 1
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WesternEuropeanCorporateHighYieldBondsWesternEuropeanCorporateHighYieldBonds-Risk:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%) Volume(EURMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Allen&OveryLLP 1 50.165 3,220 6 3 15.775 34.390
SimpsonThacher&Bartlett
2 12.679 814 3 - - 12.679
Latham&WatkinsLLP 3 12.463 800 2 - - 12.463
LinklatersLLP 4 7.790 500 1 8 5.521 2.269
MilbankLLP 5 7.556 485 2 6 8.374 -0.818
CliffordChanceLLP 6 5.453 350 1 1 23.663 -18.210
NautaDutilh 7 3.895 250 1 - - 3.895
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 6,419 15 100%
WesternEuropeanCorporateHighYieldBonds-Risk:LegalAdviser-ManagerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Allen&OveryLLP 1 50.16 6
SimpsonThacher&Bartlett 2 12.68 3
Latham&WatkinsLLP 3 12.46 2
MilbankLLP 3 7.56 2
CliffordChanceLLP 5 5.45 1
LinklatersLLP 5 7.79 1
NautaDutilh 5 3.89 1
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Sukuk&IslamicFinancingSukuk&IslamicFinancing:LegalAdviser-Issuer/BorrowerRankedbyVolume
Q12020 Q12019
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Allen&OveryLLP 1 58.300 1,800 2 1 64.424 -6.124
AdnanSundra&Low 2 35.256 1,089 8 3 6.998 28.258
Albar&Partners 3 2.192 68 9 - - 2.192
Widyawan&Partners 4 2.052 63 3 - - 2.052
ShookLin&Bok 5 1.849 57 1 4 5.409 -3.560
HLTanLim&Partners 6 0.307 9 12 - - 0.307
SooThienMing&Nashrah
7 0.045 1 2 - - 0.045
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 3,088 37 100%
Sukuk&IslamicFinancing:LegalAdviser-Issuer/BorrowerRankedbyDealCount
Firm Rank MktShare(%) DealCount
HLTanLim&Partners 1 0.31 12
Albar&Partners 2 2.19 9
AdnanSundra&Low 3 35.26 8
Widyawan&Partners 4 2.05 3
Allen&OveryLLP 5 58.30 2
SooThienMing&Nashrah 5 0.04 2
ShookLin&Bok 7 1.85 1
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page50
Sukuk&IslamicFinancingSukuk&IslamicFinancing:LegalAdviser-Manager/LenderRankedbyVolume
Q12020 Q12019
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
LinklatersLLP 1 43.751 2,250 2 - - 43.751
Allen&OveryLLP 2 27.223 1,400 3 2 16.519 10.704
AdnanSundra&Low 3 16.169 832 7 4 12.107 4.062
Dentons 4 6.426 330 4 9 2.233 4.193
ShearnDelamore&Co 5 2.232 115 3 15 0.190 2.042
ZulRafique&Partners 6 1.761 91 1 18 0.117 1.644
Albar&Partners 7 1.327 68 2 7 4.088 -2.761
HishamSobri&Kadir 8 1.110 57 1 10 1.418 -0.308
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 5,143 23 100%
Sukuk&IslamicFinancing:LegalAdviser-Manager/LenderRankedbyDealCount
Firm Rank MktShare(%) DealCount
AdnanSundra&Low 1 16.17 7
Dentons 2 6.43 4
Allen&OveryLLP 3 27.22 3
ShearnDelamore&Co 3 2.23 3
Albar&Partners 5 1.33 2
LinklatersLLP 5 43.75 2
HishamSobri&Kadir 7 1.11 1
ZulRafique&Partners 7 1.76 1
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GCCSukukGCCSukuk:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Allen&OveryLLP 1 100.000 1,800 2 2 25.140 74.860
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 1,800 2 100%
GCCSukuk:LegalAdviser-IssuerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Allen&OveryLLP 1 100.00 2
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GCCSukukGCCSukuk:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
LinklatersLLP 1 61.644 2,250 2 - - 61.644
Allen&OveryLLP 2 38.356 1,400 3 1 48.327 -9.971
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 3,650 5 100%
GCCSukuk:LegalAdviser-ManagerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Allen&OveryLLP 1 38.36 3
LinklatersLLP 2 61.64 2
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EMEALoansEMEALoans:LegalAdviser-LenderRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Allen&OveryLLP 1 23.023 11,286 10 1 33.679 -10.656
CliffordChanceLLP 2 19.356 9,488 8 2 19.264 0.092
Latham&WatkinsLLP 3 10.937 5,361 8 3 11.895 -0.958
CahillGordon&Reindel 4 9.254 4,536 7 14 0.747 8.507
LinklatersLLP 5 8.370 4,103 4 6 4.427 3.943
GideLoyretteNouel 6 6.263 3,070 1 15 0.744 5.519
SimpsonThacher&Bartlett 7 3.696 1,812 1 - - 3.696
FreshfieldsBruckhausDeringer 8 2.938 1,440 1 24 0.354 2.584
Shearman&SterlingLLP 9 2.470 1,211 2 38 0.113 2.357
SkaddenArpsSlateMeagher&FlomLLP
10 2.256 1,106 1 - - 2.256
DavisPolk&Wardwell 11 2.171 1,064 1 23 0.372 1.799
HoganLovellsUSLLP 12 1.853 908 1 20 0.510 1.343
WeilGotshal&MangesLLP 13 1.287 631 2 28 0.294 0.993
PaulHastingsLLP 14 1.228 602 1 - - 1.228
Dentons 15 0.937 459 3 10 1.233 -0.296
McCannFitzgerald 16 0.918 450 1 - - 0.918
GomezAcebo&Pombo 17 0.430 211 1 - - 0.430
EvershedsSutherlandLtd 18 0.409 200 1 25 0.350 0.059
MilbankLLP 19 0.398 195 1 16 0.671 -0.273
AshurstLLP 20 0.382 187 1 13 0.991 -0.609
TOTAL 100% 49,021 63 100%
EMEALoans:LegalAdviser-LenderRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Allen&OveryLLP 1 23.02 10
CliffordChanceLLP 2 19.36 8
Latham&WatkinsLLP 2 10.94 8
CahillGordon&Reindel 4 9.25 7
LinklatersLLP 5 8.37 4
Dentons 6 0.94 3
Shearman&SterlingLLP 7 2.47 2
WeilGotshal&MangesLLP 7 1.29 2
AshurstLLP 9 0.38 1
Cases&LacambraSLU 9 0.01 1
DLAPiperLLP 9 0.03 1
DavisPolk&Wardwell 9 2.17 1
EvershedsSutherlandLtd 9 0.41 1
FreshfieldsBruckhausDeringer
9 2.94 1
GideLoyretteNouel 9 6.26 1
GomezAcebo&Pombo 9 0.43 1
HoganLovellsUSLLP 9 1.85 1
McCannFitzgerald 9 0.92 1
MilbankLLP 9 0.40 1
PaulHastingsLLP 9 1.23 1
Bloomberg GlobalLegalAdviser|Q12020
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EMEALoansEMEALoans:LegalAdviser-BorrowerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
CliffordChanceLLP 1 18.584 7,570 2 2 11.584 7.000
HerbertSmithFreehills 2 17.364 7,073 2 15 1.263 16.101
Kirkland&Ellis 3 11.220 4,570 6 23 0.626 10.594
Debevoise&PlimptonLLP 4 9.439 3,845 1 - - 9.439
Allen&OveryLLP 5 7.563 3,081 5 1 22.940 -15.377
SimpsonThacher&Bartlett 6 6.793 2,767 3 - - 6.793
Latham&WatkinsLLP 7 4.916 2,002 3 4 7.863 -2.947
HuntonAndrewsKurthLLP 8 4.448 1,812 1 - - 4.448
McCannFitzgerald 9 3.535 1,440 1 - - 3.535
White&CaseLLP 10 3.265 1,330 2 32 0.328 2.937
LinklatersLLP 11 3.029 1,234 2 6 5.407 -2.378
SkaddenArpsSlateMeagher&FlomLLP
12 1.478 602 1 - - 1.478
HengelerMueller 13 1.227 500 1 - - 1.227
ArthurCox 14 1.105 450 1 - - 1.105
MannheimerSwartling 15 0.927 378 1 - - 0.927
GianniOrigoniGrippoCapelliPartners
16 0.749 305 1 - - 0.749
AshurstLLP 17 0.683 278 2 - - 0.683
WillkieFarr&Gallagher 18 0.614 250 1 - - 0.614
SlaughterandMay 19 0.547 223 1 5 6.422 -5.875
DLAPiperLLP 20 0.492 200 1 18 1.116 -0.624
TOTAL 100% 40,734 45 100%
EMEALoans:LegalAdviser-BorrowerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Kirkland&Ellis 1 11.22 6
Allen&OveryLLP 2 7.56 5
Latham&WatkinsLLP 3 4.92 3
SimpsonThacher&Bartlett 3 6.79 3
AshurstLLP 5 0.68 2
CliffordChanceLLP 5 18.58 2
HerbertSmithFreehills 5 17.36 2
LinklatersLLP 5 3.03 2
UriaMenendezLawFirm 5 0.38 2
White&CaseLLP 5 3.27 2
ArthurCox 11 1.10 1
CahillGordon&Reindel 11 0.48 1
Cuatrecasas 11 0.29 1
DLAPiperLLP 11 0.49 1
Debevoise&PlimptonLLP 11 9.44 1
GKCPartners 11 0.32 1
GianniOrigoniGrippoCapelliPartners
11 0.75 1
GunerLawOffice 11 0.39 1
HengelerMueller 11 1.23 1
HuntonAndrewsKurthLLP 11 4.45 1
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Asiaex-JapanEquityIPOAsiaex-JapanEquityIPO:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
King&WoodMallesons 1 32.295 5,145 10 2 8.073 24.222
ZhongLunLawFirm 2 10.376 1,653 14 3 7.201 3.175
JunHeLLP 3 6.516 1,038 7 15 1.733 4.783
Latham&WatkinsLLP 4 4.380 698 1 16 1.655 2.725
ShardulAmarchandMangaldas&Co
4 4.380 698 1 11 3.090 1.290
GlobalLawOffice 6 3.876 618 1 - - 3.876
ShanghaiUnitedLawFirm 7 3.249 518 1 - - 3.249
GrandallLawFirm 8 2.730 435 5 10 3.568 -0.838
ConyersDill&Pearman 9 1.883 300 21 8 3.723 -1.840
ChinaCommercialLawCo 10 1.865 297 4 - - 1.865
BeijingDHHLawFirm 11 1.494 238 2 - - 1.494
Maples&Calder 12 1.351 215 4 21 1.438 -0.087
BeijingDehengLaw 13 1.333 212 4 25 1.210 0.123
TianYuanLawFirm 14 1.293 206 2 5 4.895 -3.602
Allen&Gledhill 15 1.105 176 1 44 0.230 0.875
HunanQiyuanLawFirm 16 1.092 174 1 - - 1.092
BeijingJinKaiLawyers 17 1.001 159 1 - - 1.001
GFELawOffice 18 0.972 155 3 57 0.115 0.857
JiaYuanLawOffices 19 0.956 152 1 1 10.206 -9.250
Commerce&FinanceLawOffices 20 0.948 151 4 13 2.184 -1.236
TOTAL 100% 15,933 114 100%
Asiaex-JapanEquityIPO:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
ConyersDill&Pearman 1 1.88 21
ZhongLunLawFirm 2 10.38 14
King&WoodMallesons 3 32.29 10
Appleby 4 0.34 9
Jingtian&Gongcheng 5 0.75 8
JunHeLLP 6 6.52 7
GrandallLawFirm 7 2.73 5
Ogier 7 0.86 5
AllbrightLawOffice 9 0.80 4
BeijingDehengLaw 9 1.33 4
ChinaCommercialLawCo 9 1.87 4
Commerce&FinanceLawOffices
9 0.95 4
Maples&Calder 9 1.35 4
BeijingDentonsLawOfficesLLP
14 0.46 3
GFELawOffice 14 0.97 3
NortonRoseFulbrightLLP 14 0.50 3
BeijingDHHLawFirm 17 1.49 2
BeijingGrandwayLawOffices 17 0.72 2
BeijingKangDaLawFirm 17 0.85 2
Bird&Bird 17 0.04 2
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Asiaex-JapanEquityIPOAsiaex-JapanEquityIPO:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
FangdaPartners 1 19.325 1,219 4 22 1.422 17.903
Allen&OveryLLP 2 11.065 698 1 - - 11.065
CyrilAmarchandMangaldas 2 11.065 698 1 - - 11.065
TianYuanLawFirm 4 6.150 388 6 27 0.806 5.344
DavisPolk&Wardwell 5 5.284 333 2 22 1.422 3.862
LlinksLawOffice 6 4.418 279 1 - - 4.418
JiaYuanLawOffices 7 3.736 236 1 12 2.888 0.848
King&WoodMallesons 8 2.845 179 4 35 0.379 2.466
JunHeLLP 9 2.818 178 2 24 1.385 1.433
MayerBrownLLP 10 2.580 163 1 - - 2.580
SkaddenArpsSlateMeagher&FlomLLP
11 2.525 159 2 8 3.897 -1.372
BeijingDehengLaw 12 2.172 137 2 - - 2.172
SimpsonThacher&Bartlett 13 2.049 129 1 - - 2.049
Commerce&FinanceLawOffices 14 2.016 127 4 5 4.627 -2.611
Dechert 15 1.685 106 2 10 2.927 -1.242
Loeb&LoebLLP 16 1.272 80 3 - - 1.272
Chiu&Partners 17 1.151 73 3 26 0.948 0.203
ZhongLunLawFirm 18 1.134 71 6 42 0.273 0.861
Latham&WatkinsLLP 19 1.027 65 1 2 9.266 -8.239
EvershedsSutherlandLtd 20 0.930 59 1 - - 0.930
TOTAL 100% 6,307 58 100%
Asiaex-JapanEquityIPO:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
TianYuanLawFirm 1 6.15 6
ZhongLunLawFirm 1 1.13 6
Commerce&FinanceLawOffices 3 2.02 4
FangdaPartners 3 19.32 4
King&WoodMallesons 3 2.85 4
NortonRoseFulbrightLLP 3 0.73 4
Chiu&Partners 7 1.15 3
HowseWilliamsBowers 7 0.93 3
Jingtian&Gongcheng 7 0.86 3
Loeb&LoebLLP 7 1.27 3
AllbrightLawOffice 11 0.16 2
BeijingDehengLaw 11 2.17 2
DavisPolk&Wardwell 11 5.28 2
Dechert 11 1.69 2
Haiwen&Partners 11 0.72 2
JunHeLLP 11 2.82 2
ONCLawyers 11 0.37 2
SkaddenArpsSlateMeagher&FlomLLP
11 2.52 2
AddleshawGoddard 19 0.14 1
AhammadJonaed&Partners 19 0.09 1
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Asiaex-JapanEquityLinkedAsiaex-JapanEquityLinked:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
GrandallLawFirm 1 21.942 1,695 9 8 2.075 19.867
FreshfieldsBruckhausDeringer 2 14.421 1,114 1 - - 14.421
King&WoodMallesons 3 12.783 987 2 5 6.591 6.192
DavisPolk&Wardwell 4 5.955 460 1 - - 5.955
EYChen&CoLawFirm 5 5.230 404 1 - - 5.230
TianheLawFirm 6 5.156 398 1 - - 5.156
JiaYuanLawOffices 7 5.016 387 2 4 9.249 -4.233
Dentons 8 4.438 343 1 1 34.711 -30.273
Jingtian&Gongcheng 9 4.278 330 1 22 0.270 4.008
AllbrightLawOffice 10 3.768 291 4 9 2.057 1.711
Broad&KenPartners 11 3.649 282 1 - - 3.649
Commerce&FinanceLawOffices
12 3.042 235 1 - - 3.042
SimpsonThacher&Bartlett 13 1.942 150 1 - - 1.942
ChinaCommercialLawCo 14 1.509 117 1 11 1.048 0.461
LanternLawFirm 15 1.473 114 1 - - 1.473
ZhejiangT&CLawFirm 16 1.077 83 1 20 0.519 0.558
CapitalLaw&Partners 17 0.962 74 1 - - 0.962
ZhejiangL&HLawFirm 18 0.737 57 1 - - 0.737
BeijingDehengLaw 19 0.640 49 2 - - 0.640
BeijingKangDaLawFirm 20 0.555 43 1 12 1.016 -0.461
TOTAL 100% 7,725 40 100%
Asiaex-JapanEquityLinked:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
GrandallLawFirm 1 21.94 9
AllbrightLawOffice 2 3.77 4
BeijingDehengLaw 3 0.64 2
JiaYuanLawOffices 3 5.02 2
KadirAndri&Partners 3 0.01 2
King&WoodMallesons 3 12.78 2
BeijingKangDaLawFirm 7 0.56 1
Broad&KenPartners 7 3.65 1
CapitalLaw&Partners 7 0.96 1
ChinaCommercialLawCo 7 1.51 1
Commerce&FinanceLawOffices
7 3.04 1
DavisPolk&Wardwell 7 5.96 1
Dentons 7 4.44 1
EYChen&CoLawFirm 7 5.23 1
FreshfieldsBruckhausDeringer
7 14.42 1
GlobalLawOffice 7 0.38 1
Jingtian&Gongcheng 7 4.28 1
LanternLawFirm 7 1.47 1
ShanxiHengYiLawOffice 7 0.26 1
SimpsonThacher&Bartlett 7 1.94 1
Bloomberg GlobalLegalAdviser|Q12020
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Asiaex-JapanEquityLinkedAsiaex-JapanEquityLinked:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Latham&WatkinsLLP 1 43.799 1,000 1 4 10.484 33.315
LinklatersLLP 2 42.986 981 2 2 21.793 21.193
Sullivan&Cromwell 3 13.140 300 1 - - 13.140
Teh&Lee 4 0.075 2 4 7 0.014 0.061
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 2,283 8 100%
Asiaex-JapanEquityLinked:LegalAdviser-ManagerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Teh&Lee 1 0.08 4
LinklatersLLP 2 42.99 2
Latham&WatkinsLLP 3 43.80 1
Sullivan&Cromwell 3 13.14 1
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page59
Asiaex-JapanIssuerG3CurrencyBondsAsiaex-JapanIssuerG3CurrencyBonds:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
LinklatersLLP 1 21.723 12,723 25 1 29.239 -7.516
SidleyAustinLLP 2 15.667 9,176 19 2 26.306 -10.639
Allen&OveryLLP 3 11.560 6,770 11 3 7.506 4.054
Latham&WatkinsLLP 4 6.275 3,675 8 7 3.305 2.970
ClearyGottliebSteen&Hamilton 5 6.056 3,547 7 22 0.521 5.535
CliffordChanceLLP 6 4.180 2,448 8 4 5.058 -0.878
SkaddenArpsSlateMeagher&FlomLLP
7 2.590 1,517 4 25 0.417 2.173
MayerBrownLLP 8 2.242 1,313 6 18 0.625 1.617
CravathSwaine&Moore 9 2.134 1,250 1 - - 2.134
King&WoodMallesons 10 2.055 1,203 6 5 4.639 -2.584
NortonRoseFulbrightLLP 11 1.793 1,050 4 12 1.376 0.417
JiaYuanLawOffices 12 1.707 1,000 1 - - 1.707
PaulHastingsLLP 13 1.352 792 3 6 3.544 -2.192
Maples&Calder 14 1.320 773 6 - - 1.320
AliBudiardjoNugrohoReksodiputro 15 1.238 725 2 - - 1.238
FangdaPartners 15 1.238 725 5 18 0.625 0.613
FreshfieldsBruckhausDeringer 17 1.195 700 2 11 1.668 -0.473
Haiwen&Partners 18 1.138 667 4 - - 1.138
Walkers 18 1.138 667 4 - - 1.138
Ogier 20 0.959 562 7 - - 0.959
TOTAL 100% 58,568 120 100%
Asiaex-JapanIssuerG3CurrencyBonds:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
LinklatersLLP 1 21.72 25
SidleyAustinLLP 2 15.67 19
Allen&OveryLLP 3 11.56 11
CliffordChanceLLP 4 4.18 8
Latham&WatkinsLLP 4 6.27 8
ClearyGottliebSteen&Hamilton 6 6.06 7
Ogier 6 0.96 7
King&WoodMallesons 8 2.05 6
Maples&Calder 8 1.32 6
MayerBrownLLP 8 2.24 6
FangdaPartners 11 1.24 5
JunHeLLP 11 0.85 5
Haiwen&Partners 13 1.14 4
NortonRoseFulbrightLLP 13 1.79 4
SkaddenArpsSlateMeagher&FlomLLP
13 2.59 4
Walkers 13 1.14 4
ConyersDill&Pearman 17 0.80 3
Jingtian&Gongcheng 17 0.57 3
PaulHastingsLLP 17 1.35 3
AliBudiardjoNugrohoReksodiputro
20 1.24 2
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page60
Asiaex-JapanIssuerG3CurrencyBondsAsiaex-JapanIssuerG3CurrencyBonds:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Allen&OveryLLP 1 24.114 14,513 26 2 17.017 7.097
LinklatersLLP 2 22.223 13,375 36 1 29.263 -7.040
NortonRoseFulbrightLLP 3 11.992 7,218 10 8 3.009 8.983
CliffordChanceLLP 4 8.514 5,124 12 4 12.842 -4.328
DavisPolk&Wardwell 5 8.418 5,067 16 3 13.009 -4.591
Shearman&SterlingLLP 6 5.862 3,528 11 6 4.299 1.563
Latham&WatkinsLLP 7 4.569 2,750 6 12 1.075 3.494
King&WoodMallesons 8 2.969 1,787 9 17 0.717 2.252
ClearyGottliebSteen&Hamilton
9 2.212 1,331 2 9 2.687 -0.475
JunHeLLP 10 2.010 1,210 7 - - 2.010
Commerce&FinanceLawOffices
11 1.495 900 4 - - 1.495
SidleyAustinLLP 12 1.080 650 2 14 0.896 0.184
ZhongLunLawFirm 13 0.831 500 2 - - 0.831
JiaYuanLawOffices 14 0.806 485 2 13 0.945 -0.139
PaulHastingsLLP 15 0.582 350 1 - - 0.582
WitaraCakraAdvocates 16 0.540 325 1 - - 0.540
FreshfieldsBruckhausDeringer 17 0.498 300 1 - - 0.498
GlobalLawOffice 18 0.476 287 3 - - 0.476
AllbrightLawOffice 19 0.312 188 2 - - 0.312
Jingtian&Gongcheng 20 0.249 150 2 20 0.090 0.159
Maples&Calder 21 0.166 100 1 - - 0.166
MayerBrownLLP 22 0.083 50 1 11 1.791 -1.708
- - - - - - - -
TOTAL 100% 60,186 126 100%
Asiaex-JapanIssuerG3CurrencyBonds:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
LinklatersLLP 1 22.22 36
Allen&OveryLLP 2 24.11 26
DavisPolk&Wardwell 3 8.42 16
CliffordChanceLLP 4 8.51 12
Shearman&SterlingLLP 5 5.86 11
NortonRoseFulbrightLLP 6 11.99 10
King&WoodMallesons 7 2.97 9
JunHeLLP 8 2.01 7
Latham&WatkinsLLP 9 4.57 6
Commerce&FinanceLawOffices
10 1.50 4
GlobalLawOffice 11 0.48 3
AllbrightLawOffice 12 0.31 2
ClearyGottliebSteen&Hamilton
12 2.21 2
JiaYuanLawOffices 12 0.81 2
Jingtian&Gongcheng 12 0.25 2
SidleyAustinLLP 12 1.08 2
ZhongLunLawFirm 12 0.83 2
FreshfieldsBruckhausDeringer
18 0.50 1
Maples&Calder 18 0.17 1
MayerBrownLLP 18 0.08 1
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page61
SingaporeDollarBondsSingaporeDollarBonds:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm Rank MktShare(%) Volume(SGDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Allen&Gledhill 1 62.402 2,000 5 1 87.831 -25.429
WongPartnershipLLP 2 15.991 512 3 - - 15.991
Rajah&Tann 3 6.240 200 1 - - 6.240
CliffordChanceLLP 4 5.148 165 1 4 2.891 2.257
Maples&Calder 4 5.148 165 1 - - 5.148
SlaughterandMay 6 2.730 88 1 - - 2.730
ShookLin&Bok 7 2.340 75 1 5 2.224 0.116
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 3,205 11 100%
SingaporeDollarBonds:LegalAdviser-IssuerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Allen&Gledhill 1 62.40 5
WongPartnershipLLP 2 15.99 3
CliffordChanceLLP 3 5.15 1
Maples&Calder 3 5.15 1
Rajah&Tann 3 6.24 1
ShookLin&Bok 3 2.34 1
SlaughterandMay 3 2.73 1
Bloomberg GlobalLegalAdviser|Q12020
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SingaporeDollarBondsSingaporeDollarBonds:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm Rank MktShare(%) Volume(SGDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Allen&Gledhill 1 62.874 1,575 8 6 4.167 58.707
Allen&OveryLLP 2 20.958 525 3 2 14.583 6.375
LinklatersLLP 3 13.174 330 1 4 6.250 6.924
CliffordChanceLLP 4 2.994 75 1 - - 2.994
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 2,505 13 100%
SingaporeDollarBonds:LegalAdviser-ManagerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Allen&Gledhill 1 62.87 8
Allen&OveryLLP 2 20.96 3
CliffordChanceLLP 3 2.99 1
LinklatersLLP 3 13.17 1
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page63
ChinaEquityIPOChinaEquityIPO:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(CNY
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
King&WoodMallesons 1 43.877 35,441 5 2 15.906 27.971
ZhongLunLawFirm 2 13.234 10,690 10 3 14.754 -1.520
JunHeLLP 3 8.381 6,770 4 9 2.639 5.742
GlobalLawOffice 4 5.339 4,313 1 - - 5.339
ShanghaiUnitedLawFirm 5 4.416 3,567 1 - - 4.416
GrandallLawFirm 6 3.742 3,023 5 5 7.848 -4.106
ChinaCommercialLawCo 7 2.511 2,028 3 - - 2.511
BeijingDHHLawFirm 8 2.034 1,643 1 - - 2.034
BeijingDehengLaw 9 1.798 1,452 3 10 2.628 -0.830
HunanQiyuanLawFirm 10 1.514 1,223 1 - - 1.514
BeijingJinKaiLawyers 11 1.381 1,115 1 - - 1.381
JiaYuanLawOffices 12 1.332 1,076 1 1 22.878 -21.546
GFELawOffice 13 1.266 1,023 1 - - 1.266
TianYuanLawFirm 14 1.216 982 1 6 5.845 -4.629
BeijingKangDaLawFirm 15 1.164 940 2 - - 1.164
AllbrightLawOffice 16 1.047 846 2 - - 1.047
BeijingGrandwayLawOffices
17 0.994 803 2 14 1.083 -0.089
TianheLawFirm 18 0.888 717 1 - - 0.888
ShuJinLawFirm 19 0.778 629 1 - - 0.778
BeijingZhongruiLawFirm 20 0.597 482 1 - - 0.597
TOTAL 100% 80,775 52 100%
ChinaEquityIPO:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%) DealCount
ZhongLunLawFirm 1 13.23 10
GrandallLawFirm 2 3.74 5
King&WoodMallesons 2 43.88 5
JunHeLLP 4 8.38 4
BeijingDehengLaw 5 1.80 3
ChinaCommercialLawCo 5 2.51 3
AllbrightLawOffice 7 1.05 2
BeijingGrandwayLawOffices
7 0.99 2
BeijingKangDaLawFirm 7 1.16 2
BeijingDHHLawFirm 10 2.03 1
BeijingJinKaiLawyers 10 1.38 1
BeijingZhongruiLawFirm 10 0.60 1
C&TPartners 10 0.46 1
ChengyiLawFirm 10 0.59 1
GFELawOffice 10 1.27 1
GlobalLawOffice 10 5.34 1
GuangxinLawyers 10 0.51 1
HunanQiyuanLawFirm 10 1.51 1
JiaYuanLawOffices 10 1.33 1
LongAnLawFirm 10 0.45 1
Bloomberg GlobalLegalAdviser|Q12020
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IndiaEquityOfferingsIndiaEquityOfferings:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
AZB&Partners 1 23.408 72,000 1 - - 23.408
LinklatersLLP 1 23.408 72,000 1 - - 23.408
CyrilAmarchandMangaldas 3 17.753 54,606 3 2 25.880 -8.127
Latham&WatkinsLLP 4 16.832 51,774 1 - - 16.832
ShardulAmarchandMangaldas&Co
4 16.832 51,774 1 1 26.057 -9.225
Khaitan&Co 6 1.626 5,000 1 4 11.697 -10.071
MMJC&AssociatesLLP 7 0.060 184 2 - - 0.060
JMukherjee&Associates 8 0.027 83 2 - - 0.027
DRCLegal&Associates 9 0.026 80 1 - - 0.026
MVKini&Co 10 0.012 38 1 9 0.961 -0.949
VedantaLawChambers 11 0.010 31 1 17 0.023 -0.013
AshaAgarwal&Associates 12 0.007 20 1 - - 0.007
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 307,591 14 100%
IndiaEquityOfferings:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
CyrilAmarchandMangaldas 1 17.75 3
JMukherjee&Associates 2 0.03 2
MMJC&AssociatesLLP 2 0.06 2
AZB&Partners 4 23.41 1
AshaAgarwal&Associates 4 0.01 1
DRCLegal&Associates 4 0.03 1
Khaitan&Co 4 1.63 1
Latham&WatkinsLLP 4 16.83 1
LinklatersLLP 4 23.41 1
MVKini&Co 4 0.01 1
ShardulAmarchandMangaldas&Co
4 16.83 1
VedantaLawChambers 4 0.01 1
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page65
IndiaEquityOfferingsIndiaEquityOfferings:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Latham&WatkinsLLP 1 23.441 72,000 1 1 29.372 -5.931
ShardulAmarchandMangaldas&Co
1 23.441 72,000 1 - - 23.441
CyrilAmarchandMangaldas 3 18.321 56,274 2 - - 18.321
Allen&OveryLLP 4 16.856 51,774 1 - - 16.856
HerbertSmithFreehills 5 6.671 20,490 1 - - 6.671
IndusLawAdvocates 5 6.671 20,490 1 - - 6.671
DuaneMorris&SelvamLLP 7 1.628 5,000 1 6 5.684 -4.056
SquireSanders 8 1.465 4,500 1 5 9.561 -8.096
CliffordChanceLLP 9 0.753 2,313 1 - - 0.753
S&RAssociates 9 0.753 2,313 1 1 29.372 -28.619
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 307,154 6 100%
IndiaEquityOfferings:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
CyrilAmarchandMangaldas 1 18.32 2
Allen&OveryLLP 2 16.86 1
CliffordChanceLLP 2 0.75 1
DuaneMorris&SelvamLLP 2 1.63 1
HerbertSmithFreehills 2 6.67 1
IndusLawAdvocates 2 6.67 1
Latham&WatkinsLLP 2 23.44 1
S&RAssociates 2 0.75 1
ShardulAmarchandMangaldas&Co
2 23.44 1
SquireSanders 2 1.47 1
Bloomberg GlobalLegalAdviser|Q12020
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Australia/NewZealandEquity&RightsOfferingsAustralia/NewZealandEquity&RightsOfferings:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Allens 1 47.629 1,042 3 - - 47.629
HerbertSmithFreehills 2 42.176 923 4 - - 42.176
DLAPiperLLP 3 2.584 57 3 14 0.667 1.917
BryanCaveLeightonPaisnerLLP 4 2.238 49 1 - - 2.238
HoganLovellsUSLLP 5 1.983 43 1 - - 1.983
JohnsonWinter&Slattery 6 0.811 18 1 - - 0.811
SteinepreisPaganin 7 0.665 15 6 - - 0.665
MurciaPestellHillard 8 0.374 8 1 - - 0.374
HWLEbsworthLawyers 9 0.328 7 5 7 3.057 -2.729
Gilbert+Tobin 10 0.307 7 1 2 17.120 -16.813
K&LGatesLLP 11 0.195 4 1 - - 0.195
HenryWilliamLawyers 12 0.153 3 1 - - 0.153
MiningAccessLegalPtyLtd 12 0.153 3 1 - - 0.153
BarclayPearceCorporateLawyersPtyLtd
14 0.127 3 1 - - 0.127
FieldfisherLLP 15 0.092 2 1 - - 0.092
Anzarut&PartnersPtyLtd 16 0.080 2 1 - - 0.080
BarrosSilvaVarela&Vigil 17 0.071 2 1 - - 0.071
BlackwallLegalLLP 18 0.031 0.67 1 - - 0.031
- - - - - - - -
- - - - - - - -
TOTAL 100% 2,188 28 100%
Australia/NewZealandEquity&RightsOfferings:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
SteinepreisPaganin 1 0.66 6
HWLEbsworthLawyers 2 0.33 5
HerbertSmithFreehills 3 42.18 4
Allens 4 47.63 3
DLAPiperLLP 4 2.58 3
Anzarut&PartnersPtyLtd 6 0.08 1
BarclayPearceCorporateLawyersPtyLtd
6 0.13 1
BarrosSilvaVarela&Vigil 6 0.07 1
BlackwallLegalLLP 6 0.03 1
BryanCaveLeightonPaisnerLLP 6 2.24 1
FieldfisherLLP 6 0.09 1
Gilbert+Tobin 6 0.31 1
HenryWilliamLawyers 6 0.15 1
HoganLovellsUSLLP 6 1.98 1
JohnsonWinter&Slattery 6 0.81 1
K&LGatesLLP 6 0.20 1
MiningAccessLegalPtyLtd 6 0.15 1
MurciaPestellHillard 6 0.37 1
Bloomberg GlobalLegalAdviser|Q12020
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Australia/NewZealandEquity&RightsOfferingsAustralia/NewZealandEquity&RightsOfferings:LegalAdviser-ManagerRankedbyVolume
Q12020 Q12019
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Gilbert+Tobin 1 58.521 610 3 2 33.416 25.105
SidleyAustinLLP 2 26.037 271 1 3 18.486 7.551
Allen&OveryLLP 3 9.629 100 1 - - 9.629
HerbertSmithFreehills 4 4.165 43 1 1 39.015 -34.850
ClaytonUtz 5 1.392 15 1 - - 1.392
HWLEbsworthLawyers 6 0.256 3 1 - - 0.256
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 1,042 7 100%
Australia/NewZealandEquity&RightsOfferings:LegalAdviser-ManagerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Gilbert+Tobin 1 58.52 3
Allen&OveryLLP 2 9.63 1
ClaytonUtz 2 1.39 1
HWLEbsworthLawyers 2 0.26 1
HerbertSmithFreehills 2 4.17 1
SidleyAustinLLP 2 26.04 1
Bloomberg GlobalLegalAdviser|Q12020
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Australia/NewZealandMid-MarketEquity&RightsAustralia/NewZealandMid-MarketEquity&Rights:LegalAdviser-IssuerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
HerbertSmithFreehills 1 30.499 50 2 - - 30.499
HoganLovellsUSLLP 2 26.450 43 1 - - 26.450
JohnsonWinter&Slattery 3 10.822 18 1 - - 10.822
SteinepreisPaganin 4 7.085 12 5 - - 7.085
DLAPiperLLP 5 4.624 8 2 6 4.235 0.389
HWLEbsworthLawyers 6 4.374 7 5 2 19.421 -15.047
Gilbert+Tobin 7 4.090 7 1 9 3.496 0.594
K&LGatesLLP 8 2.607 4 1 - - 2.607
HenryWilliamLawyers 9 2.041 3 1 - - 2.041
MiningAccessLegalPtyLtd 9 2.041 3 1 - - 2.041
BarclayPearceCorporateLawyersPtyLtd
11 1.699 3 1 - - 1.699
FieldfisherLLP 12 1.232 2 1 - - 1.232
Anzarut&PartnersPtyLtd 13 1.070 2 1 - - 1.070
BarrosSilvaVarela&Vigil 14 0.953 2 1 - - 0.953
BlackwallLegalLLP 15 0.411 0.67 1 - - 0.411
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 164 20 100%
Australia/NewZealandMid-MarketEquity&Rights:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
HWLEbsworthLawyers 1 4.37 5
SteinepreisPaganin 1 7.09 5
DLAPiperLLP 3 4.62 2
HerbertSmithFreehills 3 30.50 2
Anzarut&PartnersPtyLtd 5 1.07 1
BarclayPearceCorporateLawyersPtyLtd
5 1.70 1
BarrosSilvaVarela&Vigil 5 0.95 1
BlackwallLegalLLP 5 0.41 1
FieldfisherLLP 5 1.23 1
Gilbert+Tobin 5 4.09 1
HenryWilliamLawyers 5 2.04 1
HoganLovellsUSLLP 5 26.45 1
JohnsonWinter&Slattery 5 10.82 1
K&LGatesLLP 5 2.61 1
MiningAccessLegalPtyLtd 5 2.04 1
Bloomberg GlobalLegalAdviser|Q12020
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APACex-JapanLoansAPACex-JapanLoans:LegalAdviser-BorrowerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%) MktShareChg(%)
BakerMcKenzie 1 18.960 2,555 5 - - 18.960
White&CaseLLP 2 12.220 1,647 2 - - 12.220
Allens 3 7.366 993 4 1 13.908 -6.542
Luthra&LuthraLawOffices 4 6.741 909 1 - - 6.741
AshurstLLP 5 5.055 681 3 4 7.051 -1.996
LinklatersLLP 6 3.450 465 2 - - 3.450
Trowers&Hamlins 7 3.207 432 1 - - 3.207
King&WoodMallesons 8 2.910 392 2 13 2.540 0.370
Kim&Chang 9 2.820 380 3 3 7.809 -4.989
DermotRoss&Co 10 2.713 366 1 48 0.124 2.589
Shin&Kim 11 2.381 321 3 15 2.256 0.125
BellGully 12 2.305 311 3 19 1.560 0.745
FirstAttorneysatLaw 13 2.124 286 1 - - 2.124
WongPartnershipLLP 14 2.106 284 2 11 3.320 -1.214
VincibleLawOffice 15 1.999 269 3 51 0.059 1.940
NortonRoseFulbrightLLP 16 1.966 265 1 - - 1.966
CyrilAmarchandMangaldas
17 1.874 253 2 - - 1.874
ChapmanTripp 18 1.866 252 2 7 4.303 -2.437
BuddleFindlay 19 1.792 241 1 45 0.149 1.643
SimpsonThacher&Bartlett 20 1.484 200 1 - - 1.484
TOTAL 100% 13,478 57 100%
APACex-JapanLoans:LegalAdviser-BorrowerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
BakerMcKenzie 1 18.96 5
Allens 2 7.37 4
AshurstLLP 3 5.05 3
BellGully 3 2.30 3
Kim&Chang 3 2.82 3
Shin&Kim 3 2.38 3
VincibleLawOffice 3 2.00 3
ChapmanTripp 8 1.87 2
CyrilAmarchandMangaldas 8 1.87 2
Daeryook&AJU 8 0.84 2
HWLEbsworthLawyers 8 1.01 2
King&WoodMallesons 8 2.91 2
LinklatersLLP 8 3.45 2
White&CaseLLP 8 12.22 2
WongPartnershipLLP 8 2.11 2
AmicusAdocates&Solicitors 16 0.49 1
BuddleFindlay 16 1.79 1
Chen&AssociatesAttorneysatLaw
16 0.94 1
DermotRoss&Co 16 2.71 1
FirstAttorneysatLaw 16 2.12 1
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page70
APACex-JapanLoansAPACex-JapanLoans:LegalAdviser-LenderRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
BakerMcKenzie 1 11.779 3,614 13 1 9.436 2.343
Allen&OveryLLP 2 7.201 2,209 4 5 5.754 1.447
Lee&Ko 3 7.179 2,203 10 2 8.251 -1.072
LinklatersLLP 4 6.296 1,932 3 9 3.288 3.008
HerbertSmithFreehills 5 5.107 1,567 4 11 3.084 2.023
Lee&LiAttorneysatLaw 6 4.844 1,486 1 28 0.763 4.081
WatsonFarley&Williams 6 4.844 1,486 1 - - 4.844
White&CaseLLP 8 4.389 1,347 6 16 1.872 2.517
Shin&Kim 9 3.637 1,116 6 7 4.991 -1.354
King&WoodMallesons 10 3.609 1,107 4 8 3.429 0.180
ShardulAmarchandMangaldas&Co
11 2.962 909 1 15 2.019 0.943
Allen&Gledhill 12 2.747 843 2 17 1.858 0.889
ClaytonUtz 13 2.362 725 2 53 0.165 2.197
BaeKim&Lee 14 2.058 631 5 35 0.464 1.594
Kim&Chang 15 1.994 612 2 13 2.398 -0.404
HoganLovellsUSLLP 16 1.956 600 1 45 0.249 1.707
CyrilAmarchandMangaldas 17 1.663 510 2 4 7.221 -5.558
BellGully 18 1.583 486 2 70 0.052 1.531
LinkLegalIndiaLawServices 19 1.561 479 2 - - 1.561
PioneerLawAssociates 20 1.450 445 1 - - 1.450
TOTAL 100% 30,678 112 100%
APACex-JapanLoans:LegalAdviser-LenderRankedbyDealCount
Firm RankMkt
Share(%)DealCount
BakerMcKenzie 1 11.78 13
Lee&Ko 2 7.18 10
Shin&Kim 3 3.64 6
White&CaseLLP 3 4.39 6
BaeKim&Lee 5 2.06 5
Allen&OveryLLP 6 7.20 4
HerbertSmithFreehills 6 5.11 4
King&WoodMallesons 6 3.61 4
VincibleLawOffice 6 0.98 4
AshurstLLP 10 0.91 3
LinklatersLLP 10 6.30 3
NortonRoseFulbrightLLP 10 0.69 3
RussellMcVeagh 10 1.19 3
Allen&Gledhill 14 2.75 2
Allens 14 0.73 2
BellGully 14 1.58 2
Chen&AssociatesAttorneysatLaw
14 1.06 2
ClaytonUtz 14 2.36 2
CyrilAmarchandMangaldas 14 1.66 2
Gilbert+Tobin 14 0.77 2
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page71
SingaporeBorrowerLoansSingaporeBorrowerLoans:LegalAdviser-BorrowerRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
WongPartnershipLLP 1 58.666 284 2 3 25.143 33.523
SimpsonThacher&Bartlett
2 41.334 200 1 - - 41.334
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 484 3 100%
SingaporeBorrowerLoans:LegalAdviser-BorrowerRankedbyDealCount
Firm Rank MktShare(%) DealCount
WongPartnershipLLP 1 58.67 2
SimpsonThacher&Bartlett 2 41.33 1
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page72
SingaporeBorrowerLoansSingaporeBorrowerLoans:LegalAdviser-LenderRankedbyVolume
Q12020 Q12019
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Allen&Gledhill 1 67.756 843 2 1 29.837 37.919
CadwaladerWickersham&Taft
2 16.082 200 1 - - 16.082
WongPartnershipLLP 3 11.534 143 1 2 16.952 -5.418
EvershedsSutherlandLtd 4 4.628 58 1 - - 4.628
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 1,244 5 100%
SingaporeBorrowerLoans:LegalAdviser-LenderRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Allen&Gledhill 1 67.76 2
CadwaladerWickersham&Taft
2 16.08 1
EvershedsSutherlandLtd 2 4.63 1
WongPartnershipLLP 2 11.53 1
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page73
SouthKoreaBorrowerLoanSouthKoreaBorrowerLoans:LegalAdviser-BorrowerRankedbyVolume
Q12020 Q12019
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Kim&Chang 1 31.263 380 3 1 36.977 -5.714
FirstAttorneysatLaw 2 23.550 286 1 - - 23.550
Shin&Kim 3 20.090 244 2 3 9.220 10.870
MamoTCVAdvocates 4 9.603 117 1 - - 9.603
Daeryook&AJU 5 9.294 113 2 - - 9.294
Lee&Ko 6 6.201 75 1 2 23.729 -17.528
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 1,216 9 100%
SouthKoreaBorrowerLoans:LegalAdviser-BorrowerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Kim&Chang 1 31.26 3
Daeryook&AJU 2 9.29 2
Shin&Kim 2 20.09 2
FirstAttorneysatLaw 4 23.55 1
Lee&Ko 4 6.20 1
MamoTCVAdvocates 4 9.60 1
Bloomberg GlobalLegalAdviser|Q12020
BloombergLeagueTableReports Page74
SouthKoreaBorrowerLoanSouthKoreaBorrowerLoans:LegalAdviser-LenderRankedbyVolume
Q12020 Q12019
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Lee&Ko 1 39.815 2,203 10 1 44.162 -4.347
Shin&Kim 2 17.399 962 5 2 26.040 -8.641
BaeKim&Lee 3 11.413 631 5 7 2.485 8.928
Kim&Chang 4 11.058 612 2 3 12.847 -1.789
FirstAttorneysatLaw 5 5.176 286 1 - - 5.176
YujunLaw 6 5.120 283 1 14 0.312 4.808
Seyeon 7 4.574 253 2 16 0.216 4.358
MinjuLawGroup 8 2.305 127 1 5 2.751 -0.446
JinwoonLaw 9 1.814 100 1 - - 1.814
DongInLawGroup 10 0.916 51 1 - - 0.916
Daeryook&AJU 11 0.411 23 1 - - 0.411
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 5,532 30 100%
SouthKoreaBorrowerLoans:LegalAdviser-LenderRankedbyDealCount
Firm Rank MktShare(%) DealCount
Lee&Ko 1 39.82 10
BaeKim&Lee 2 11.41 5
Shin&Kim 2 17.40 5
Kim&Chang 4 11.06 2
Seyeon 4 4.57 2
Daeryook&AJU 6 0.41 1
DongInLawGroup 6 0.92 1
FirstAttorneysatLaw 6 5.18 1
JinwoonLaw 6 1.81 1
MinjuLawGroup 6 2.30 1
YujunLaw 6 5.12 1
Bloomberg – League Tables Criteria
Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.
General Guidelines
Credit is based on the total amount of the offering sold to the public. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers; unless full, explicit breakdown of bookrunning is provided by an involved party. Regional and local tables are identified based on factors such as currency, market of issuer and/or country of risk/incorporation.
Fixed Income
All transactions must have a maturity/call/put option of minimum 18 months. Make-whole call and provisional call/put are exempted from this rule. Note: Criteria may vary for some local and/or regional tables. USD denominated 144A/REG S issues are credited 100% to the 144A tranche and 0% to the REG S tranche. Non-USD denominated 144A/REG S issues are credited 100% to the REG S tranche and 0% to the 144A tranche. Self-led transactions are included. New money portions of exchange offers are eligible for credit.
Exclusions: Accredited investor tranches, asset-backed issues, auction note agencies, collateralized bond obligations, collateralized loan obligations, commercial paper, municipal bonds, mortgage-backed issues, remarketed issues, repackaged bonds, government borrowing scheme retained bonds, variable principal redemption issues, variable interest equity-linked issues, and credit linked notes, selling group agency issues, strips, units, warrants, self-led under USD 50 million. Note: Criteria may vary for some local and/or regional tables.
Equities-Linked
Equity-linked transactions: Convertible bonds, convertible preferred stock and exchangeable bonds. Only issues that mature and are callable/puttable in 12 months or longer are included. Make-whole call, provisional call and provisional put are exempted from this rule. Convertible bonds with attached warrants are included. These are defined as synthetic convertibles with the combination of a fixed income instrument and warrants which can be converted into shares. The embedded warrant can be detachable or non-detachable but the bond and the warrant must be sold as a unit, i.e. there cannot be separate book building for the warrant and the bond.
Exclusions: Redemption-linked instruments, reverse convertibles or similar instruments, synthetics convertibles, issues convertible into participation in an underlying fund or investment trust, pre-IPO convertible instruments, certain lower hierarchy titles, i.e. Jr Bookrunner.
Equities
Equity market transactions: Initial public offerings, additional offerings of common stocks, units, and depositary receipts (ADRs, GDRs, etc) and rights offerings.
Exclusions: Non-underwritten/best efforts, privately placed transactions, funds, self-led, preferred offerings, pre-negotiated offerings, certain lower hierarchy titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional tables.
Bloomberg – League Tables Criteria
Loans
Includes executed syndicated loans transactions. Full credit is awarded to the banks satisfying the highest of the titles. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers. Credit is allocated to amended or amended and restated transactions, where each modification is 100% at the lender’s option and not as a result of events already built into the original credit agreement. Credit is awarded for the following structural changes only: maturity extensions of three months or more, incremental basis for increased in deal size, reduction in pricing, full release of collateral.
Exclusions: Bilateral transactions, transactions with a maturity of less than three months, loans withdrawn prior to signing, amended or restated securitizations, receivable and guarantee facilities, loan pacts, and standalone guarantee facilities/letters of credit.
US Municipals
Standard published tables will award deal credit based on true economic credit as reported by the issuer or the bookrunner. In absence of reported economic credit, 100% will be assigned to the bookrunner.
Dollar value of credit will be assigned based on the percentage allocation reported for economic credit (or designated by the user in a custom table) and applied against the total par value of the bonds issued. Zero coupon bonds (CABS) or intermediate appreciation bonds (convertible CABs) will be included at the market value (accreted value) on the interest accrual date.
All debt issued by municipal issuers will be eligible for league credit. Taxable and tax-exempt debt is eligible for league credit unless a table includes specific tax type criteria. “Tax-exempt” is defined as federally tax-exempt and includes bonds subject to AMT and bonds designated as Bank Qualified.
Each table is provided in three formats. “Economic Credit” displays rankings based on true economic credit allocations of applicable deals. “Left Lead” assigns 100% credit to the bookrunner and 0% to all other syndicate participants. “Deal Count” displays rankings based on deal quantity rather than aggregate economic credit amounts. A “deal” refers to the aggregate series within an issuance led by a particular underwriter or syndicate. For example: a $50 million issuance is split into three series- a $10 million Series A, a $20 million Series B, and a $20 million Series C. Bank 1 is the underwriter of Series A & B, while Bank 2 is the underwriter of Series C. Bank 1 would have one “deal” worth $30 million, and Bank 2 would have one “deal” worth $20 million.
Exclusions: Derivatives, private placements, variable rate preferred securities, municipal commercial paper, and remarketings are excluded from municipal league table eligibility.
The full version of Bloomberg’s League table Standards & Guidelines can be accessed and subscribed to on the Reports tab on
LEAG<GO>.
Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.