GLOBAL LEGAL ADVISERS LEAGUE TABLES First 3Q 2018 Preliminary as of 20 September 2018
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LEGAL CAPITAL MARKETS
DATA SUBMISSIONS AND QUERIES
Equities
Fixed Income
Loans
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FIRST 3Q 2018 PRELIMINARY AS OF 20 SEPTEMBER 2018
LEGAL ADVISER RANKINGS
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US Municipals
+1 646 324 4663 [email protected]
+1 609 279 3691 [email protected]
+1 609 279 5187 [email protected]
Irina Arefyeva
Robert Deinst
Paul Bandong
Laura Albright +1 609 279 3011 [email protected]
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page1
GlobalEquity,EquityLinked&RightsGlobalEquity,EquityLinked&Rights:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Latham&WatkinsLLP 1 5.449 19,416 56 3 3.331 2.118
SkaddenArpsSlateMeagher&FlomLLP
2 4.807 17,127 47 4 3.078 1.729
King&WoodMallesons 3 4.224 15,051 28 6 2.984 1.240
Sullivan&Cromwell 4 3.546 12,636 20 16 1.573 1.973
SimpsonThacher&Bartlett 5 3.530 12,577 27 2 4.052 -0.522
PaulWeissRifkindWharton&Garrison
6 2.520 8,980 15 60 0.389 2.131
ClearyGottliebSteen&Hamilton 7 2.241 7,986 20 13 1.946 0.295
GoodwinProcterLLP 8 2.165 7,716 47 20 1.231 0.934
White&CaseLLP 9 2.053 7,316 13 14 1.724 0.329
CooleyLLP 10 2.051 7,310 56 9 2.539 -0.488
WilsonSonsiniGoodrich&Rosati 11 1.929 6,875 27 10 2.279 -0.350
Maples&Calder 12 1.860 6,627 42 52 0.487 1.373
FreshfieldsBruckhausDeringer 13 1.818 6,480 10 18 1.455 0.363
SidleyAustinLLP 14 1.715 6,110 21 15 1.602 0.113
HerbertSmithFreehills 15 1.552 5,531 15 31 0.753 0.799
DavisPolk&Wardwell 16 1.474 5,252 27 11 2.261 -0.787
CyrilAmarchandMangaldas 17 1.432 5,104 8 91 0.220 1.212
LinklatersLLP 18 1.404 5,004 16 1 5.673 -4.269
CliffordChanceLLP 19 1.381 4,922 18 19 1.238 0.143
WebberWentzel 20 1.376 4,904 1 186 0.059 1.317
TOTAL 100% 356,332 1,765 100%
GlobalEquity,EquityLinked&Rights:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
ConyersDill&Pearman 1 0.97 71
CooleyLLP 2 2.05 56
Latham&WatkinsLLP 2 5.45 56
GoodwinProcterLLP 4 2.17 47
SkaddenArpsSlateMeagher&FlomLLP
4 4.81 47
Appleby 6 0.06 46
Maples&Calder 7 1.86 42
King&WoodMallesons 8 4.22 28
DavisPolk&Wardwell 9 1.47 27
SimpsonThacher&Bartlett 9 3.53 27
WilsonSonsiniGoodrich&Rosati 9 1.93 27
DLAPiperLLP 12 0.41 24
BakerMcKenzie 13 0.42 23
GrandallLawFirm 13 0.72 23
Walkers 13 0.86 23
NortonRoseFulbrightLLP 16 0.38 22
SidleyAustinLLP 17 1.71 21
ClearyGottliebSteen&Hamilton 18 2.24 20
StikemanElliott 18 0.72 20
Sullivan&Cromwell 18 3.55 20
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
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GlobalEquity,EquityLinked&RightsGlobalEquity,EquityLinked&Rights:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 15.564 54,175 114 3 8.009 7.555
Latham&WatkinsLLP 2 9.137 31,803 123 2 9.134 0.003
LinklatersLLP 3 6.617 23,033 47 1 9.854 -3.237
Sullivan&Cromwell 4 5.837 20,318 21 5 4.468 1.369
SidleyAustinLLP 5 4.425 15,403 30 13 2.120 2.305
SimpsonThacher&Bartlett 6 3.696 12,864 35 6 4.159 -0.463
CliffordChanceLLP 7 3.262 11,352 23 10 2.489 0.773
FreshfieldsBruckhausDeringer 8 2.418 8,415 27 9 2.492 -0.074
CravathSwaine&Moore 9 2.199 7,654 12 16 1.547 0.652
Ropes&GrayLLP 10 2.174 7,568 21 22 1.091 1.083
White&CaseLLP 11 2.121 7,384 31 4 7.616 -5.495
CahillGordon&Reindel 12 1.957 6,812 19 17 1.505 0.452
CooleyLLP 13 1.954 6,800 58 20 1.149 0.805
SkaddenArpsSlateMeagher&FlomLLP
14 1.814 6,314 23 7 3.917 -2.103
Allen&OveryLLP 15 1.757 6,117 23 8 2.532 -0.775
WerksmansAttorneys 16 1.409 4,904 1 - - 1.409
FangdaPartners 17 1.399 4,871 6 143 0.034 1.365
ZhongLunLawFirm 18 1.367 4,757 6 98 0.093 1.274
GoodwinProcterLLP 19 1.275 4,439 41 12 2.321 -1.046
Jingtian&Gongcheng 20 1.263 4,397 11 52 0.239 1.024
TOTAL 100% 348,070 1,431 100%
GlobalEquity,EquityLinked&Rights:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Latham&WatkinsLLP 1 9.14 123
DavisPolk&Wardwell 2 15.56 114
CooleyLLP 3 1.95 58
LinklatersLLP 4 6.62 47
GoodwinProcterLLP 5 1.28 41
SimpsonThacher&Bartlett 6 3.70 35
White&CaseLLP 7 2.12 31
SidleyAustinLLP 8 4.43 30
FreshfieldsBruckhausDeringer 9 2.42 27
EllenoffGrossmanSchole&CyruliLLP
10 0.29 25
MillerThomsonLLP 10 0.05 25
NortonRoseFulbrightLLP 10 0.32 25
MintzLevinCohnFerrisGlovsky&PopeoPC
13 0.33 24
Allen&OveryLLP 14 1.76 23
CliffordChanceLLP 14 3.26 23
SkaddenArpsSlateMeagher&FlomLLP
14 1.81 23
Ropes&GrayLLP 17 2.17 21
Sullivan&Cromwell 17 5.84 21
BakerMcKenzie 19 0.35 20
BlakeCassels&GraydonLLP 20 0.42 19
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
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GlobalEquityIPOGlobalEquityIPO:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
King&WoodMallesons 1 7.465 9,975 18 2 3.794 3.671
SkaddenArpsSlateMeagher&FlomLLP
2 6.226 8,320 21 38 0.703 5.523
Maples&Calder 3 4.882 6,523 38 19 1.438 3.444
Latham&WatkinsLLP 4 3.374 4,509 12 5 3.453 -0.079
FreshfieldsBruckhausDeringer 5 3.350 4,476 3 20 1.217 2.133
Debevoise&PlimptonLLP 6 2.362 3,157 1 - - 2.362
DavisPolk&Wardwell 7 2.265 3,026 15 15 1.532 0.733
White&CaseLLP 8 2.063 2,757 8 11 1.902 0.161
CliffordChanceLLP 9 2.020 2,700 9 8 2.091 -0.071
Arendt&Medernach 10 1.939 2,590 1 - - 1.939
ClearyGottliebSteen&Hamilton 11 1.910 2,553 5 18 1.442 0.468
JunHeLLP 12 1.910 2,552 10 35 0.758 1.152
Vinson&ElkinsLLP 13 1.823 2,436 8 10 1.922 -0.099
EllenoffGrossmanSchole&CyruliLLP
14 1.722 2,301 17 17 1.457 0.265
PaulWeissRifkindWharton&Garrison
15 1.687 2,254 3 126 0.140 1.547
ZhongLunLawFirm 16 1.563 2,088 7 9 1.925 -0.362
CooleyLLP 17 1.547 2,067 14 1 3.951 -2.404
ConyersDill&Pearman 18 1.510 2,018 60 62 0.459 1.051
Gilbert+Tobin 19 1.478 1,975 3 152 0.091 1.387
WilsonSonsiniGoodrich&Rosati 20 1.475 1,971 8 47 0.612 0.863
TOTAL 100% 133,626 758 100%
GlobalEquityIPO:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
ConyersDill&Pearman 1 1.51 60
Appleby 2 0.16 46
Maples&Calder 3 4.88 38
SkaddenArpsSlateMeagher&FlomLLP
4 6.23 21
Jingtian&Gongcheng 5 1.14 19
King&WoodMallesons 6 7.46 18
MVKini&Co 6 0.03 18
EllenoffGrossmanSchole&CyruliLLP
8 1.72 17
Walkers 9 1.34 16
DavisPolk&Wardwell 10 2.26 15
GrandallLawFirm 10 1.22 15
SteinepreisPaganin 10 0.05 15
CooleyLLP 13 1.55 14
GoodwinProcterLLP 13 1.26 14
Kanga&Co 13 0.05 14
TianYuanLawFirm 16 0.44 13
Latham&WatkinsLLP 17 3.37 12
ShuJinLawFirm 17 0.25 12
SidleyAustinLLP 17 0.90 12
Commerce&FinanceLawOffices 20 0.40 10
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
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GlobalEquityIPOGlobalEquityIPO:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 8.690 10,612 25 7 3.250 5.440
Sullivan&Cromwell 2 8.391 10,247 5 14 2.395 5.996
CliffordChanceLLP 3 5.815 7,101 7 5 3.638 2.177
Latham&WatkinsLLP 4 5.763 7,038 31 2 5.225 0.538
SimpsonThacher&Bartlett 5 4.340 5,300 14 17 1.928 2.412
ZhongLunLawFirm 6 3.895 4,757 6 102 0.105 3.790
FangdaPartners 7 3.812 4,655 4 92 0.133 3.679
Jingtian&Gongcheng 8 3.600 4,397 11 29 0.927 2.673
FreshfieldsBruckhausDeringer 9 3.289 4,016 13 4 4.983 -1.694
SidleyAustinLLP 10 2.968 3,624 16 18 1.745 1.223
Commerce&FinanceLawOffices 11 2.581 3,152 12 33 0.809 1.772
SkaddenArpsSlateMeagher&FlomLLP
12 2.421 2,956 8 11 2.547 -0.126
Ropes&GrayLLP 13 2.388 2,916 6 9 2.651 -0.263
White&CaseLLP 14 2.050 2,504 8 6 3.254 -1.204
Kirkland&Ellis 15 1.884 2,300 10 60 0.349 1.535
Allens 16 1.607 1,963 1 - - 1.607
GrandallLawFirm 17 1.568 1,915 7 31 0.888 0.680
CooleyLLP 18 1.568 1,914 16 32 0.828 0.740
PaulHastingsLLP 19 1.535 1,875 4 13 2.406 -0.871
PinheiroNetoAdvogados 20 1.358 1,658 2 86 0.179 1.179
TOTAL 100% 122,118 515 100%
GlobalEquityIPO:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Latham&WatkinsLLP 1 5.76 31
DavisPolk&Wardwell 2 8.69 25
MillerThomsonLLP 3 0.09 20
NortonRoseFulbrightLLP 4 0.29 18
CooleyLLP 5 1.57 16
SidleyAustinLLP 5 2.97 16
WilsonSonsiniGoodrich&Rosati 7 1.09 15
SimpsonThacher&Bartlett 8 4.34 14
FreshfieldsBruckhausDeringer 9 3.29 13
Commerce&FinanceLawOffices 10 2.58 12
King&WoodMallesons 10 1.09 12
Jingtian&Gongcheng 12 3.60 11
Loeb&LoebLLP 12 0.18 11
Kirkland&Ellis 14 1.88 10
EllenoffGrossmanSchole&CyruliLLP
15 0.71 9
MayerBrownLLP 16 0.44 8
SkaddenArpsSlateMeagher&FlomLLP
16 2.42 8
White&CaseLLP 16 2.05 8
CliffordChanceLLP 19 5.82 7
GlobalLawOffice 19 0.04 7
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
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GlobalBondsGlobalBonds:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Sullivan&Cromwell 1 13.307 74,325 50 1 12.762 0.545
Shearman&SterlingLLP 2 9.252 51,679 23 17 1.450 7.802
DavisPolk&Wardwell 3 9.014 50,346 58 2 8.431 0.583
ClearyGottliebSteen&Hamilton 4 8.224 45,934 39 4 7.201 1.023
SimpsonThacher&Bartlett 5 4.077 22,775 25 3 7.671 -3.594
WachtellLiptonRosen&Katz 6 3.948 22,050 20 23 0.826 3.122
HuntonAndrewsKurthLLP 7 3.881 21,675 18 - - 3.881
LinklatersLLP 8 3.744 20,912 25 13 1.933 1.811
CravathSwaine&Moore 9 3.580 19,995 11 5 4.678 -1.098
JonesDay 10 3.384 18,900 24 12 1.971 1.413
GibsonDunn&Crutcher 11 2.583 14,425 22 7 4.615 -2.032
SkaddenArpsSlateMeagher&FlomLLP
12 2.513 14,035 20 14 1.738 0.775
PaulWeissRifkindWharton&Garrison
13 2.139 11,950 14 15 1.554 0.585
Latham&WatkinsLLP 14 1.737 9,701 19 18 1.415 0.322
McGuireWoodsLLP 15 1.441 8,050 8 10 2.487 -1.046
Kirkland&Ellis 16 1.414 7,900 11 55 0.254 1.160
HoganLovellsUSLLP 17 1.388 7,750 11 6 4.646 -3.258
Arnold&PorterKayeScholerLLP 18 1.343 7,500 9 33 0.584 0.759
Jenner&BlockLLC 18 1.343 7,500 7 28 0.654 0.689
WeilGotshal&MangesLLP 20 1.307 7,300 11 35 0.540 0.767
TOTAL 100% 558,555 573 100%
GlobalBonds:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 9.01 58
Sullivan&Cromwell 2 13.31 50
ClearyGottliebSteen&Hamilton 3 8.22 39
LinklatersLLP 4 3.74 25
SimpsonThacher&Bartlett 4 4.08 25
JonesDay 6 3.38 24
Shearman&SterlingLLP 7 9.25 23
GibsonDunn&Crutcher 8 2.58 22
SkaddenArpsSlateMeagher&FlomLLP
9 2.51 20
WachtellLiptonRosen&Katz 9 3.95 20
Latham&WatkinsLLP 11 1.74 19
HuntonAndrewsKurthLLP 12 3.88 18
MayerBrownLLP 13 0.90 16
PaulWeissRifkindWharton&Garrison
14 2.14 14
CravathSwaine&Moore 15 3.58 11
HoganLovellsUSLLP 15 1.39 11
Kirkland&Ellis 15 1.41 11
O'Melveny&MyersLLP 15 1.11 11
WeilGotshal&MangesLLP 15 1.31 11
SidleyAustinLLP 20 1.22 10
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
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GlobalBondsGlobalBonds:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
SimpsonThacher&Bartlett 1 20.622 129,273 97 2 12.682 7.940
DavisPolk&Wardwell 2 11.747 73,639 103 3 11.816 -0.069
Sullivan&Cromwell 3 8.671 54,355 50 1 12.944 -4.273
Allen&OveryLLP 4 5.779 36,227 36 12 2.464 3.315
ClearyGottliebSteen&Hamilton 5 5.631 35,299 36 4 7.659 -2.028
SidleyAustinLLP 6 5.621 35,238 50 7 5.213 0.408
CravathSwaine&Moore 7 5.504 34,500 34 6 5.628 -0.124
Shearman&SterlingLLP 8 5.017 31,450 35 5 5.990 -0.973
LinklatersLLP 9 4.496 28,182 57 15 1.789 2.707
CahillGordon&Reindel 10 3.178 19,920 26 13 2.312 0.866
SkaddenArpsSlateMeagher&FlomLLP
11 3.175 19,903 18 8 3.556 -0.381
HengelerMueller 12 2.928 18,352 10 9 3.549 -0.621
Morrison&FoersterLLP 13 2.074 13,000 12 10 2.960 -0.886
MayerBrownLLP 14 1.978 12,400 17 19 0.934 1.044
OslerHoskin&HarcourtLLP 15 1.423 8,921 3 20 0.911 0.512
Vinson&ElkinsLLP 16 0.941 5,900 8 34 0.321 0.620
HuntonAndrewsKurthLLP 17 0.888 5,565 14 - - 0.888
Latham&WatkinsLLP 18 0.728 4,564 9 17 1.265 -0.537
StikemanElliott 19 0.728 4,562 4 24 0.513 0.215
CliffordChanceLLP 20 0.710 4,450 3 14 2.091 -1.381
TOTAL 100% 626,870 671 100%
GlobalBonds:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 11.75 103
SimpsonThacher&Bartlett 2 20.62 97
LinklatersLLP 3 4.50 57
SidleyAustinLLP 4 5.62 50
Sullivan&Cromwell 4 8.67 50
Allen&OveryLLP 6 5.78 36
ClearyGottliebSteen&Hamilton 6 5.63 36
Shearman&SterlingLLP 8 5.02 35
CravathSwaine&Moore 9 5.50 34
CahillGordon&Reindel 10 3.18 26
SkaddenArpsSlateMeagher&FlomLLP
11 3.18 18
MayerBrownLLP 12 1.98 17
HuntonAndrewsKurthLLP 13 0.89 14
Morrison&FoersterLLP 14 2.07 12
HengelerMueller 15 2.93 10
Latham&WatkinsLLP 16 0.73 9
Vinson&ElkinsLLP 17 0.94 8
O'Melveny&MyersLLP 18 0.64 7
PillsburyWinthropShawPittmanLLP
19 0.42 6
Winston&StrawnLLP 19 0.55 6
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
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USEquityOfferingsUSEquityOfferings:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
SimpsonThacher&Bartlett 1 7.995 11,334 16 1 7.548 0.447
Latham&WatkinsLLP 2 6.769 9,597 38 4 5.077 1.692
SkaddenArpsSlateMeagher&FlomLLP
3 5.129 7,272 17 5 4.934 0.195
CooleyLLP 4 4.759 6,746 48 3 5.676 -0.917
WilsonSonsiniGoodrich&Rosati 5 4.143 5,874 22 10 2.670 1.473
GoodwinProcterLLP 6 3.511 4,977 34 16 2.233 1.278
ClearyGottliebSteen&Hamilton 7 3.278 4,647 11 31 0.871 2.407
Debevoise&PlimptonLLP 8 3.156 4,474 5 24 1.039 2.117
Vinson&ElkinsLLP 9 2.632 3,731 17 2 6.981 -4.349
PaulWeissRifkindWharton&Garrison
10 2.415 3,423 8 39 0.592 1.823
White&CaseLLP 11 2.059 2,920 2 - - 2.059
DavisPolk&Wardwell 12 2.035 2,884 8 12 2.421 -0.386
WeilGotshal&MangesLLP 13 2.023 2,868 6 8 3.746 -1.723
WilmerHale 14 2.010 2,850 15 11 2.484 -0.474
VenableLLP 15 1.939 2,749 17 6 3.766 -1.827
FriedFrankHarrisShriver&Jacobson
16 1.884 2,671 10 13 2.412 -0.528
Kirkland&Ellis 17 1.780 2,523 10 29 0.906 0.874
WachtellLiptonRosen&Katz 18 1.708 2,421 11 27 0.953 0.755
Sullivan&Cromwell 19 1.598 2,265 8 21 1.283 0.315
MorganLewis&BockiusLLP 20 1.485 2,105 10 25 1.019 0.466
TOTAL 100% 141,763 600 100%
USEquityOfferings:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
CooleyLLP 1 4.76 48
Latham&WatkinsLLP 2 6.77 38
GoodwinProcterLLP 3 3.51 34
WilsonSonsiniGoodrich&Rosati 4 4.14 22
SkaddenArpsSlateMeagher&FlomLLP
5 5.13 17
VenableLLP 5 1.94 17
Vinson&ElkinsLLP 5 2.63 17
SimpsonThacher&Bartlett 8 7.99 16
WilmerHale 9 2.01 15
EllenoffGrossmanSchole&CyruliLLP
10 1.38 12
Fenwick&WestLLP 10 1.09 12
Ropes&GrayLLP 10 1.12 12
ClearyGottliebSteen&Hamilton 13 3.28 11
GibsonDunn&Crutcher 13 1.40 11
WachtellLiptonRosen&Katz 13 1.71 11
DLAPiperLLP 16 0.75 10
FriedFrankHarrisShriver&Jacobson
16 1.88 10
Kirkland&Ellis 16 1.78 10
MintzLevinCohnFerrisGlovsky&PopeoPC
16 0.54 10
MorganLewis&BockiusLLP 16 1.48 10
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
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USEquityOfferingsUSEquityOfferings:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 18.354 25,950 65 2 10.203 8.151
Latham&WatkinsLLP 2 14.572 20,603 89 1 18.465 -3.893
SidleyAustinLLP 3 7.297 10,316 13 6 4.295 3.002
Sullivan&Cromwell 4 6.937 9,808 14 10 2.946 3.991
CravathSwaine&Moore 5 5.414 7,654 12 15 2.158 3.256
SimpsonThacher&Bartlett 6 4.930 6,971 18 3 7.059 -2.129
Ropes&GrayLLP 7 4.866 6,880 18 11 2.500 2.366
CooleyLLP 8 4.278 6,049 48 13 2.462 1.816
SkaddenArpsSlateMeagher&FlomLLP
9 3.802 5,376 16 4 6.986 -3.184
CahillGordon&Reindel 10 2.981 4,215 14 9 3.450 -0.469
GoodwinProcterLLP 11 2.903 4,105 33 5 5.750 -2.847
Shearman&SterlingLLP 12 1.813 2,564 8 8 3.470 -1.657
CliffordChanceLLP 13 1.692 2,392 7 21 0.913 0.779
Vinson&ElkinsLLP 14 1.349 1,907 7 7 3.875 -2.526
FreshfieldsBruckhausDeringer 15 1.214 1,716 7 12 2.499 -1.285
TroutmanSandersLLP 16 1.072 1,516 2 - - 1.072
PillsburyWinthropShawPittmanLLP 17 1.067 1,508 6 53 0.100 0.967
Kirkland&Ellis 18 0.906 1,281 6 36 0.350 0.556
WilsonSonsiniGoodrich&Rosati 19 0.883 1,249 7 26 0.705 0.178
Winston&StrawnLLP 20 0.879 1,243 4 37 0.334 0.545
TOTAL 100% 141,386 597 100%
USEquityOfferings:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Latham&WatkinsLLP 1 14.57 89
DavisPolk&Wardwell 2 18.35 65
CooleyLLP 3 4.28 48
GoodwinProcterLLP 4 2.90 33
MintzLevinCohnFerrisGlovsky&PopeoPC
5 0.75 22
EllenoffGrossmanSchole&CyruliLLP
6 0.70 20
Ropes&GrayLLP 7 4.87 18
SimpsonThacher&Bartlett 7 4.93 18
SkaddenArpsSlateMeagher&FlomLLP
9 3.80 16
CahillGordon&Reindel 10 2.98 14
Sullivan&Cromwell 10 6.94 14
SidleyAustinLLP 12 7.30 13
CravathSwaine&Moore 13 5.41 12
FaegreBakerDanielsLLP 14 0.14 10
Covington&Burling 15 0.55 9
ProskauerRoseLLP 15 0.45 9
Shearman&SterlingLLP 17 1.81 8
CliffordChanceLLP 18 1.69 7
DLAPiperLLP 18 0.16 7
FreshfieldsBruckhausDeringer 18 1.21 7
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
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USEquityIPOUSEquityIPO:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Debevoise&PlimptonLLP 1 8.504 3,157 1 - - 8.504
Vinson&ElkinsLLP 2 6.563 2,436 8 3 7.270 -0.707
PaulWeissRifkindWharton&Garrison
3 6.073 2,254 3 36 0.529 5.544
WilsonSonsiniGoodrich&Rosati 4 5.193 1,928 6 19 1.474 3.719
EllenoffGrossmanSchole&CyruliLLP
5 5.074 1,883 10 6 5.511 -0.437
GoodwinProcterLLP 6 4.508 1,674 13 24 1.079 3.429
CooleyLLP 7 4.484 1,664 10 1 14.680 -10.196
Latham&WatkinsLLP 8 3.861 1,433 8 5 5.793 -1.932
WeilGotshal&MangesLLP 9 3.827 1,420 3 2 9.600 -5.773
SimpsonThacher&Bartlett 10 3.718 1,380 2 4 6.353 -2.635
DavisPolk&Wardwell 11 3.397 1,261 4 22 1.331 2.066
ClearyGottliebSteen&Hamilton 12 3.140 1,165 2 - - 3.140
VenableLLP 13 2.853 1,059 4 7 4.390 -1.537
TroutmanSandersLLP 14 2.708 1,005 1 - - 2.708
Fenwick&WestLLP 15 2.500 928 4 14 2.108 0.392
Barnes&Thornburg 16 2.033 755 1 - - 2.033
BallardSpahrLLP 17 1.874 696 1 40 0.317 1.557
KramerLevinNaftalis&Frankel 17 1.874 696 1 - - 1.874
SkaddenArpsSlateMeagher&FlomLLP
19 1.859 690 1 13 2.311 -0.452
King&SpaldingLLP 20 1.817 674 2 - - 1.817
TOTAL 100% 37,119 139 100%
USEquityIPO:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
GoodwinProcterLLP 1 4.51 13
CooleyLLP 2 4.48 10
EllenoffGrossmanSchole&CyruliLLP
2 5.07 10
Latham&WatkinsLLP 4 3.86 8
Vinson&ElkinsLLP 4 6.56 8
WilsonSonsiniGoodrich&Rosati 6 5.19 6
Maples&Calder 7 1.42 5
DavisPolk&Wardwell 8 3.40 4
Fenwick&WestLLP 8 2.50 4
VenableLLP 8 2.85 4
GraubardMiller 11 0.63 3
PaulWeissRifkindWharton&Garrison
11 6.07 3
WeilGotshal&MangesLLP 11 3.83 3
WilmerHale 11 0.73 3
BarackFerrazzanoKirschbaumPerlman&Nagel
15 0.35 2
BrownsteinHyattFarberSchreckLLP 15 0.61 2
ClearyGottliebSteen&Hamilton 15 3.14 2
ConyersDill&Pearman 15 1.24 2
DLAPiperLLP 15 0.38 2
GreenbergTraurigLLP 15 1.29 2
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page10
USEquityIPOUSEquityIPO:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 10.699 3,967 14 5 5.824 4.875
SimpsonThacher&Bartlett 2 8.667 3,214 6 9 3.708 4.959
Sullivan&Cromwell 3 8.513 3,157 1 30 0.561 7.952
Latham&WatkinsLLP 4 7.429 2,755 17 2 11.191 -3.762
Ropes&GrayLLP 5 7.400 2,744 5 4 7.623 -0.223
SidleyAustinLLP 6 7.295 2,705 3 16 1.586 5.709
SkaddenArpsSlateMeagher&FlomLLP
7 6.884 2,553 6 7 4.697 2.187
CooleyLLP 8 4.956 1,838 15 12 1.871 3.085
FreshfieldsBruckhausDeringer 9 4.130 1,532 4 6 5.038 -0.908
CravathSwaine&Moore 10 3.832 1,421 3 32 0.276 3.556
Winston&StrawnLLP 11 2.961 1,098 3 19 1.226 1.735
Kirkland&Ellis 12 2.662 987 3 26 0.740 1.922
WilsonSonsiniGoodrich&Rosati 13 2.417 896 4 22 0.979 1.438
EllenoffGrossmanSchole&CyruliLLP
14 2.288 848 6 18 1.344 0.944
BakerBottsLLP 15 2.027 751 2 14 1.729 0.298
White&CaseLLP 16 1.977 733 1 - - 1.977
Shearman&SterlingLLP 17 1.870 693 3 8 3.940 -2.070
Fenwick&WestLLP 18 1.721 638 1 - - 1.721
GraubardMiller 19 1.721 638 4 15 1.659 0.062
GoodwinProcterLLP 20 1.385 513 4 1 21.268 -19.883
TOTAL 100% 37,080 138 100%
USEquityIPO:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Latham&WatkinsLLP 1 7.43 17
CooleyLLP 2 4.96 15
DavisPolk&Wardwell 3 10.70 14
EllenoffGrossmanSchole&CyruliLLP
4 2.29 6
SimpsonThacher&Bartlett 4 8.67 6
SkaddenArpsSlateMeagher&FlomLLP
4 6.88 6
Ropes&GrayLLP 7 7.40 5
FreshfieldsBruckhausDeringer 8 4.13 4
GoodwinProcterLLP 8 1.38 4
GraubardMiller 8 1.72 4
WilsonSonsiniGoodrich&Rosati 8 2.42 4
CravathSwaine&Moore 12 3.83 3
Kirkland&Ellis 12 2.66 3
Shearman&SterlingLLP 12 1.87 3
SidleyAustinLLP 12 7.29 3
Winston&StrawnLLP 12 2.96 3
BakerBottsLLP 17 2.03 2
BracewellLLP 17 0.30 2
Covington&Burling 17 0.49 2
GreenbergTraurigLLP 17 1.23 2
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page11
USEquityLinkedUSEquityLinked:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Latham&WatkinsLLP 1 25.115 3,913 7 4 6.361 18.754
GoodwinProcterLLP 2 12.517 1,950 3 8 2.804 9.713
WilmerHale 3 8.858 1,380 1 - - 8.858
ClearyGottliebSteen&Hamilton 4 7.168 1,117 2 35 0.179 6.989
WilsonSonsiniGoodrich&Rosati 5 5.537 863 1 1 20.433 -14.896
K&LGatesLLP 6 5.254 819 2 - - 5.254
Ropes&GrayLLP 7 4.333 675 1 - - 4.333
SimpsonThacher&Bartlett 8 3.501 545 4 15 1.881 1.620
SkaddenArpsSlateMeagher&FlomLLP
9 2.600 405 2 2 12.821 -10.221
DavisPolk&Wardwell 10 2.594 404 2 28 0.612 1.982
WachtellLiptonRosen&Katz 11 2.584 403 1 - - 2.584
Kirkland&Ellis 12 2.247 350 1 - - 2.247
PerkinsCoieLLP 13 2.086 325 1 18 1.612 0.474
WillkieFarr&Gallagher 14 1.926 300 1 30 0.537 1.389
MilbankTweedHadley&McCloyLLP
15 1.846 288 1 9 2.687 -0.841
McGuireWoodsLLP 16 1.605 250 1 - - 1.605
Covington&Burling 17 1.444 225 1 - - 1.444
Hunton&WilliamsLLP 17 1.444 225 1 18 1.612 -0.168
TroutmanSandersLLP 19 1.284 200 1 - - 1.284
Vinson&ElkinsLLP 19 1.284 200 1 22 1.257 0.027
TOTAL 100% 15,578 41 100%
USEquityLinked:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Latham&WatkinsLLP 1 25.12 7
SimpsonThacher&Bartlett 2 3.50 4
GoodwinProcterLLP 3 12.52 3
ClearyGottliebSteen&Hamilton 4 7.17 2
DavisPolk&Wardwell 4 2.59 2
Fenwick&WestLLP 4 0.98 2
K&LGatesLLP 4 5.25 2
SkaddenArpsSlateMeagher&FlomLLP
4 2.60 2
Arnold&Porter 9 0.01 1
BakerBottsLLP 9 0.80 1
CooleyLLP 9 0.34 1
Covington&Burling 9 1.44 1
Foley&LardnerLLP 9 0.20 1
GoodmansLLP 9 0.26 1
Hunton&WilliamsLLP 9 1.44 1
Kirkland&Ellis 9 2.25 1
MLTAikinsLLP 9 0.26 1
McGuireWoodsLLP 9 1.60 1
MilbankTweedHadley&McCloyLLP
9 1.85 1
MorrisNicholsArsht&Tunnell 9 0.11 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page12
USEquityLinkedUSEquityLinked:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 42.034 9,772 19 1 39.860 2.174
Latham&WatkinsLLP 2 18.658 4,338 12 2 11.595 7.063
SidleyAustinLLP 3 8.926 2,075 2 8 1.693 7.233
CahillGordon&Reindel 4 8.829 2,053 3 16 0.635 8.194
SimpsonThacher&Bartlett 5 5.882 1,368 3 4 10.059 -4.177
Shearman&SterlingLLP 6 3.521 819 2 - - 3.521
HerbertSmithFreehills 7 2.151 500 1 - - 2.151
Ropes&GrayLLP 8 1.936 450 1 10 1.270 0.666
LinklatersLLP 9 1.506 350 1 - - 1.506
Vinson&ElkinsLLP 10 1.237 288 1 7 2.433 -1.196
Morrison&FoersterLLP 11 1.075 250 1 - - 1.075
CliffordChanceLLP 12 0.860 200 1 9 1.494 -0.634
Fenwick&WestLLP 13 0.699 163 1 - - 0.699
CooleyLLP 14 0.618 144 1 13 1.087 -0.469
AshurstLLP 15 0.463 108 5 20 0.244 0.219
GoodwinProcterLLP 16 0.430 100 1 17 0.608 -0.178
O'Melveny&MyersLLP 17 0.228 53 1 - - 0.228
AndrewsKurthKenyonLLP 18 0.215 50 1 - - 0.215
FreshfieldsBruckhausDeringer
18 0.215 50 1 6 2.814 -2.599
ProskauerRoseLLP 20 0.132 31 1 22 0.142 -0.010
TOTAL 100% 23,247 58 100%
USEquityLinked:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 42.03 19
Latham&WatkinsLLP 2 18.66 12
AshurstLLP 3 0.46 5
CahillGordon&Reindel 4 8.83 3
SimpsonThacher&Bartlett 4 5.88 3
Shearman&SterlingLLP 6 3.52 2
SidleyAustinLLP 6 8.93 2
AndrewsKurthKenyonLLP 8 0.22 1
BlakeCassels&GraydonLLP 8 0.12 1
ClearyGottliebSteen&Hamilton
8 0.12 1
CliffordChanceLLP 8 0.86 1
CooleyLLP 8 0.62 1
EllenSummerEsq 8 0.04 1
Fenwick&WestLLP 8 0.70 1
FreshfieldsBruckhausDeringer
8 0.22 1
GoodwinProcterLLP 8 0.43 1
HerbertSmithFreehills 8 2.15 1
LinklatersLLP 8 1.51 1
Morrison&FoersterLLP 8 1.08 1
O'Melveny&MyersLLP 8 0.23 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page13
USCorporateBondsUSCorporateBonds:LegalAdviser-Issuer/BorrowerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 9.836 67,495 81 1 7.865 1.971
Shearman&SterlingLLP 2 7.494 51,420 28 19 1.573 5.921
Sullivan&Cromwell 3 5.659 38,830 63 3 6.165 -0.506
ClearyGottliebSteen&Hamilton 4 5.537 37,997 42 4 6.078 -0.541
SimpsonThacher&Bartlett 5 4.953 33,988 47 2 6.363 -1.410
WachtellLiptonRosen&Katz 6 4.915 33,725 28 24 1.017 3.898
Latham&WatkinsLLP 7 4.221 28,962 53 6 4.468 -0.247
Kirkland&Ellis 8 3.508 24,072 36 10 2.994 0.514
JonesDay 9 3.235 22,200 28 18 1.631 1.604
McGuireWoodsLLP 10 3.221 22,104 17 14 2.319 0.902
SkaddenArpsSlateMeagher&FlomLLP
11 3.189 21,882 37 7 4.065 -0.876
HuntonAndrewsKurthLLP 12 3.159 21,675 18 - - 3.159
LinklatersLLP 13 2.933 20,125 26 11 2.821 0.112
GibsonDunn&Crutcher 14 2.856 19,600 32 5 5.769 -2.913
PaulWeissRifkindWharton&Garrison
15 1.916 13,150 19 20 1.557 0.359
SidleyAustinLLP 16 1.858 12,751 40 13 2.440 -0.582
CravathSwaine&Moore 17 1.636 11,225 21 8 3.294 -1.658
HoganLovellsUSLLP 18 1.359 9,326 23 9 3.167 -1.808
HomburgerAG 19 1.253 8,600 10 26 0.819 0.434
Allen&OveryLLP 20 1.249 8,567 13 23 1.119 0.130
TOTAL 100% 686,189 986 100%
USCorporateBonds:LegalAdviser-Issuer/BorrowerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 9.84 81
Sullivan&Cromwell 2 5.66 63
Latham&WatkinsLLP 3 4.22 53
SimpsonThacher&Bartlett 4 4.95 47
ClearyGottliebSteen&Hamilton 5 5.54 42
SidleyAustinLLP 6 1.86 40
SkaddenArpsSlateMeagher&FlomLLP
7 3.19 37
Kirkland&Ellis 8 3.51 36
GibsonDunn&Crutcher 9 2.86 32
JonesDay 10 3.24 28
Shearman&SterlingLLP 10 7.49 28
WachtellLiptonRosen&Katz 10 4.91 28
LinklatersLLP 13 2.93 26
HoganLovellsUSLLP 14 1.36 23
CravathSwaine&Moore 15 1.64 21
PaulWeissRifkindWharton&Garrison
16 1.92 19
Dinsmore&ShohlLLP 17 0.00 18
Foley&LardnerLLP 17 0.11 18
HuntonAndrewsKurthLLP 17 3.16 18
McGuireWoodsLLP 20 3.22 17
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page14
USCorporateBondsUSCorporateBonds:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
SimpsonThacher&Bartlett 1 15.976 121,677 117 2 9.289 6.687
DavisPolk&Wardwell 2 13.698 104,327 150 1 13.094 0.604
CahillGordon&Reindel 3 7.235 55,108 85 3 7.520 -0.285
SidleyAustinLLP 4 6.288 47,893 74 6 5.951 0.337
CravathSwaine&Moore 5 5.721 43,575 50 7 5.947 -0.226
Sullivan&Cromwell 6 5.354 40,775 46 4 7.463 -2.109
Allen&OveryLLP 7 5.023 38,260 48 12 2.530 2.493
Shearman&SterlingLLP 8 4.789 36,479 45 5 6.809 -2.020
ClearyGottliebSteen&Hamilton 9 4.310 32,825 44 8 5.763 -1.453
Latham&WatkinsLLP 10 4.182 31,850 55 9 5.186 -1.004
LinklatersLLP 11 3.590 27,342 30 11 2.836 0.754
Morrison&FoersterLLP 12 3.434 26,158 23 10 3.215 0.219
SkaddenArpsSlateMeagher&FlomLLP
13 3.026 23,051 32 14 2.322 0.704
White&CaseLLP 14 1.946 14,825 19 17 1.396 0.550
MayerBrownLLP 15 1.754 13,356 22 21 0.850 0.904
O'Melveny&MyersLLP 16 1.407 10,715 30 13 2.405 -0.998
HuntonAndrewsKurthLLP 17 1.386 10,560 23 - - 1.386
PillsburyWinthropShawPittmanLLP 18 0.987 7,515 19 22 0.802 0.185
Vinson&ElkinsLLP 19 0.863 6,570 10 24 0.520 0.343
BakerBottsLLP 20 0.766 5,836 12 26 0.435 0.331
TOTAL 100% 761,645 1,060 100%
USCorporateBonds:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 13.70 150
SimpsonThacher&Bartlett 2 15.98 117
CahillGordon&Reindel 3 7.24 85
SidleyAustinLLP 4 6.29 74
Latham&WatkinsLLP 5 4.18 55
CravathSwaine&Moore 6 5.72 50
Allen&OveryLLP 7 5.02 48
Sullivan&Cromwell 8 5.35 46
Shearman&SterlingLLP 9 4.79 45
ClearyGottliebSteen&Hamilton 10 4.31 44
SkaddenArpsSlateMeagher&FlomLLP
11 3.03 32
LinklatersLLP 12 3.59 30
O'Melveny&MyersLLP 12 1.41 30
HuntonAndrewsKurthLLP 14 1.39 23
Morrison&FoersterLLP 14 3.43 23
MayerBrownLLP 16 1.75 22
PillsburyWinthropShawPittmanLLP
17 0.99 19
White&CaseLLP 17 1.95 19
OrrickHerrington&SutcliffeLLP 19 0.02 16
BakerBottsLLP 20 0.77 12
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page15
USInvestmentGradeCorporateBondsUSInvestmentGradeCorporateBonds:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
DavisPolk&Wardwell 1 10.599 61,495 69 1 8.880 1.719
Shearman&SterlingLLP 2 8.721 50,600 25 24 1.110 7.611
Sullivan&Cromwell 3 6.227 36,130 57 3 6.155 0.072
ClearyGottliebSteen&Hamilton 4 5.788 33,585 33 4 6.017 -0.229
WachtellLiptonRosen&Katz 5 5.726 33,225 26 24 1.110 4.616
SimpsonThacher&Bartlett 6 4.267 24,758 33 2 6.477 -2.210
McGuireWoodsLLP 7 3.810 22,104 17 12 2.951 0.859
HuntonAndrewsKurthLLP 8 3.736 21,675 18 - - 3.736
JonesDay 9 3.430 19,900 25 15 1.840 1.590
LinklatersLLP 10 3.356 19,475 24 9 3.211 0.145
GibsonDunn&Crutcher 11 3.120 18,100 30 5 5.793 -2.673
Latham&WatkinsLLP 12 3.035 17,607 29 10 3.142 -0.107
Kirkland&Ellis 13 2.318 13,450 22 20 1.510 0.808
SkaddenArpsSlateMeagher&FlomLLP
14 2.173 12,610 21 6 4.187 -2.014
PaulWeissRifkindWharton&Garrison
15 1.991 11,550 16 21 1.377 0.614
CravathSwaine&Moore 16 1.731 10,045 17 7 3.995 -2.264
SidleyAustinLLP 17 1.720 9,981 33 13 2.884 -1.164
HoganLovellsUSLLP 18 1.569 9,104 21 8 3.826 -2.257
Jenner&BlockLLC 19 1.293 7,500 7 37 0.491 0.802
WeilGotshal&MangesLLP 20 1.258 7,300 11 37 0.491 0.767
TOTAL 100% 580,219 758 100%
USInvestmentGradeCorporateBonds:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 10.60 69
Sullivan&Cromwell 2 6.23 57
ClearyGottliebSteen&Hamilton 3 5.79 33
SidleyAustinLLP 3 1.72 33
SimpsonThacher&Bartlett 3 4.27 33
GibsonDunn&Crutcher 6 3.12 30
Latham&WatkinsLLP 7 3.03 29
WachtellLiptonRosen&Katz 8 5.73 26
JonesDay 9 3.43 25
Shearman&SterlingLLP 9 8.72 25
LinklatersLLP 11 3.36 24
Kirkland&Ellis 12 2.32 22
HoganLovellsUSLLP 13 1.57 21
SkaddenArpsSlateMeagher&FlomLLP
13 2.17 21
Foley&LardnerLLP 15 0.13 18
HuntonAndrewsKurthLLP 15 3.74 18
CravathSwaine&Moore 17 1.73 17
McGuireWoodsLLP 17 3.81 17
PaulWeissRifkindWharton&Garrison
19 1.99 16
WillkieFarr&Gallagher 20 0.97 13
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page16
USInvestmentGradeCorporateBondsUSInvestmentGradeCorporateBonds:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
SimpsonThacher&Bartlett 1 16.693 109,850 95 2 9.546 7.147
DavisPolk&Wardwell 2 14.320 94,235 132 1 14.837 -0.517
SidleyAustinLLP 3 7.079 46,586 70 4 7.158 -0.079
Sullivan&Cromwell 4 6.147 40,450 45 3 9.198 -3.051
CravathSwaine&Moore 5 6.086 40,050 42 7 6.165 -0.079
Allen&OveryLLP 6 5.482 36,075 43 14 2.342 3.140
Shearman&SterlingLLP 7 4.981 32,779 42 6 6.504 -1.523
ClearyGottliebSteen&Hamilton 8 4.538 29,865 36 5 6.793 -2.255
Morrison&FoersterLLP 9 3.975 26,158 23 8 3.983 -0.008
LinklatersLLP 10 3.761 24,750 26 11 2.857 0.904
CahillGordon&Reindel 11 3.707 24,393 34 9 3.192 0.515
SkaddenArpsSlateMeagher&FlomLLP
12 2.912 19,165 21 15 2.021 0.891
Latham&WatkinsLLP 13 2.655 17,475 25 13 2.403 0.252
MayerBrownLLP 14 2.030 13,356 22 22 0.971 1.059
White&CaseLLP 15 1.998 13,150 15 20 1.049 0.949
O'Melveny&MyersLLP 16 1.567 10,315 29 10 2.980 -1.413
HuntonAndrewsKurthLLP 17 1.469 9,665 21 - - 1.469
PillsburyWinthropShawPittmanLLP 18 1.125 7,405 18 21 0.994 0.131
Vinson&ElkinsLLP 19 0.897 5,900 8 24 0.453 0.444
MilbankTweedHadley&McCloyLLP
20 0.761 5,007 8 18 1.488 -0.727
TOTAL 100% 658,072 849 100%
USInvestmentGradeCorporateBonds:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DavisPolk&Wardwell 1 14.32 132
SimpsonThacher&Bartlett 2 16.69 95
SidleyAustinLLP 3 7.08 70
Sullivan&Cromwell 4 6.15 45
Allen&OveryLLP 5 5.48 43
CravathSwaine&Moore 6 6.09 42
Shearman&SterlingLLP 6 4.98 42
ClearyGottliebSteen&Hamilton 8 4.54 36
CahillGordon&Reindel 9 3.71 34
O'Melveny&MyersLLP 10 1.57 29
LinklatersLLP 11 3.76 26
Latham&WatkinsLLP 12 2.66 25
Morrison&FoersterLLP 13 3.97 23
MayerBrownLLP 14 2.03 22
HuntonAndrewsKurthLLP 15 1.47 21
SkaddenArpsSlateMeagher&FlomLLP
15 2.91 21
PillsburyWinthropShawPittmanLLP
17 1.13 18
OrrickHerrington&SutcliffeLLP 18 0.03 16
White&CaseLLP 19 2.00 15
BakerBottsLLP 20 0.74 9
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page17
USHighYieldCorporateBondsUSHighYieldCorporateBonds:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Latham&WatkinsLLP 1 11.981 11,305 24 1 11.083 0.898
Kirkland&Ellis 2 11.867 11,197 16 2 9.753 2.114
SkaddenArpsSlateMeagher&FlomLLP
3 8.956 8,450 12 7 3.894 5.062
SimpsonThacher&Bartlett 4 8.934 8,430 12 4 6.707 2.227
DavisPolk&Wardwell 5 5.432 5,125 10 6 4.209 1.223
White&CaseLLP 6 3.695 3,486 7 14 1.382 2.313
FriedFrankHarrisShriver&Jacobson
7 3.074 2,900 3 34 0.646 2.428
SidleyAustinLLP 8 2.915 2,750 6 24 0.881 2.034
Sullivan&Cromwell 9 2.862 2,700 6 3 7.126 -4.264
ClearyGottliebSteen&Hamilton 10 2.557 2,413 8 16 1.333 1.224
JonesDay 11 2.438 2,300 3 20 0.995 1.443
BakerBottsLLP 12 2.173 2,050 3 26 0.853 1.320
HomburgerAG 13 2.120 2,000 1 - - 2.120
MilbankTweedHadley&McCloyLLP
14 2.077 1,960 3 40 0.555 1.522
PaulWeissRifkindWharton&Garrison
15 1.696 1,600 3 9 2.545 -0.849
GibsonDunn&Crutcher 16 1.590 1,500 2 5 6.396 -4.806
Vinson&ElkinsLLP 17 1.272 1,200 3 17 1.281 -0.009
Debevoise&PlimptonLLP 18 1.214 1,145 2 19 1.154 0.060
ProskauerRoseLLP 19 1.203 1,135 2 28 0.798 0.405
CravathSwaine&Moore 20 1.129 1,065 3 32 0.706 0.423
TOTAL 100% 94,354 172 100%
USHighYieldCorporateBonds:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Latham&WatkinsLLP 1 11.98 24
Kirkland&Ellis 2 11.87 16
SimpsonThacher&Bartlett 3 8.93 12
SkaddenArpsSlateMeagher&FlomLLP
3 8.96 12
DavisPolk&Wardwell 5 5.43 10
ClearyGottliebSteen&Hamilton 6 2.56 8
White&CaseLLP 7 3.69 7
SidleyAustinLLP 8 2.91 6
Sullivan&Cromwell 8 2.86 6
AkinGumpStraussHauer&FeldLLP
10 1.03 4
BakerBottsLLP 11 2.17 3
CravathSwaine&Moore 11 1.13 3
FriedFrankHarrisShriver&Jacobson
11 3.07 3
JonesDay 11 2.44 3
MilbankTweedHadley&McCloyLLP
11 2.08 3
PaulWeissRifkindWharton&Garrison
11 1.70 3
Shearman&SterlingLLP 11 0.87 3
Vinson&ElkinsLLP 11 1.27 3
BakerMcKenzie 19 0.53 2
BassBerry&SimsPLC 19 1.06 2
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page18
USHighYieldCorporateBondsUSHighYieldCorporateBonds:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
CahillGordon&Reindel 1 33.894 31,665 52 1 30.277 3.617
Latham&WatkinsLLP 2 15.569 14,545 30 2 18.734 -3.165
SimpsonThacher&Bartlett 3 11.616 10,852 20 3 9.249 2.367
DavisPolk&Wardwell 4 11.096 10,366 39 4 6.483 4.613
CravathSwaine&Moore 5 3.452 3,225 6 5 5.679 -2.227
SkaddenArpsSlateMeagher&FlomLLP
6 2.886 2,696 8 6 3.774 -0.888
AndrewsKurthKenyonLLP 7 2.398 2,240 4 23 0.287 2.111
ClearyGottliebSteen&Hamilton 8 2.034 1,900 4 12 1.392 0.642
Shearman&SterlingLLP 9 1.820 1,700 2 7 3.515 -1.695
SidleyAustinLLP 10 1.399 1,307 4 15 0.821 0.578
Allen&OveryLLP 11 1.375 1,285 3 9 2.434 -1.059
GibsonDunn&Crutcher 12 1.070 1,000 2 20 0.417 0.653
Kirkland&Ellis 12 1.070 1,000 2 26 0.261 0.809
LinklatersLLP 12 1.070 1,000 2 8 2.648 -1.578
BakerBottsLLP 15 1.029 961 3 11 1.452 -0.423
BlakeCassels&GraydonLLP 16 0.990 925 2 34 0.208 0.782
Ropes&GrayLLP 16 0.990 925 2 - - 0.990
HuntonAndrewsKurthLLP 18 0.958 895 2 - - 0.958
White&CaseLLP 19 0.856 800 2 10 1.928 -1.072
PaulHastingsLLP 20 0.749 700 1 17 0.670 0.079
TOTAL 100% 93,422 195 100%
USHighYieldCorporateBonds:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
CahillGordon&Reindel 1 33.89 52
DavisPolk&Wardwell 2 11.10 39
Latham&WatkinsLLP 3 15.57 30
SimpsonThacher&Bartlett 4 11.62 20
SkaddenArpsSlateMeagher&FlomLLP
5 2.89 8
CravathSwaine&Moore 6 3.45 6
AndrewsKurthKenyonLLP 7 2.40 4
ClearyGottliebSteen&Hamilton 7 2.03 4
SidleyAustinLLP 7 1.40 4
Allen&OveryLLP 10 1.38 3
BakerBottsLLP 10 1.03 3
BlakeCassels&GraydonLLP 12 0.99 2
GaliciaAbogadosSC 12 0.29 2
GibsonDunn&Crutcher 12 1.07 2
HuntonAndrewsKurthLLP 12 0.96 2
Kirkland&Ellis 12 1.07 2
LinklatersLLP 12 1.07 2
Ropes&GrayLLP 12 0.99 2
Shearman&SterlingLLP 12 1.82 2
White&CaseLLP 12 0.86 2
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page19
CanadaEquityOfferingsCanadaEquityOfferings:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StikemanElliott 1 18.758 3,341 21 3 13.373 5.385
Torys 2 15.157 2,700 10 9 3.198 11.959
NortonRoseFulbrightLLP 3 7.049 1,256 11 4 10.892 -3.843
OslerHoskin&HarcourtLLP 4 6.347 1,131 6 1 14.536 -8.189
GoodmansLLP 5 5.719 1,019 6 8 3.337 2.382
FaskenMartineauDuMoulinLLP 6 4.350 775 6 19 0.993 3.357
PaulWeissRifkindWharton&Garrison
7 4.061 723 5 24 0.603 3.458
Ropes&GrayLLP 8 3.850 686 2 15 1.456 2.394
BlakeCassels&GraydonLLP 9 3.570 636 15 2 13.404 -9.834
McCarthyTetrault 10 2.976 530 7 5 5.844 -2.868
SkaddenArpsSlateMeagher&FlomLLP
11 2.758 491 3 11 2.744 0.014
BurnetDuckworth&Palmer 12 2.611 465 2 14 1.529 1.082
GowlingWLGCanadaLLP 13 2.297 409 9 20 0.855 1.442
DLAPiperLLP 14 2.031 362 5 18 1.110 0.921
CasselsBrock&BlackwellLLP 15 2.002 357 14 22 0.661 1.341
AIRD&BerlisLLP 16 1.679 299 1 17 1.210 0.469
SteinMonastSENCRL 17 1.574 280 2 37 0.198 1.376
BordenLadnerGervaisLLP 18 1.435 256 12 34 0.282 1.153
McMillanLLP 19 1.165 208 8 13 1.571 -0.406
Dorsey&WhitneyLLP 20 1.125 200 6 27 0.561 0.564
TOTAL 100% 17,813 210 100%
CanadaEquityOfferings:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
StikemanElliott 1 18.76 21
BlakeCassels&GraydonLLP 2 3.57 15
CasselsBrock&BlackwellLLP 3 2.00 14
BordenLadnerGervaisLLP 4 1.43 12
NortonRoseFulbrightLLP 5 7.05 11
Torys 6 15.16 10
GowlingWLGCanadaLLP 7 2.30 9
McMillanLLP 8 1.16 8
McCarthyTetrault 9 2.98 7
Dorsey&WhitneyLLP 10 1.13 6
FaskenMartineauDuMoulinLLP 10 4.35 6
GoodmansLLP 10 5.72 6
MillerThomsonLLP 10 0.79 6
OslerHoskin&HarcourtLLP 10 6.35 6
BennettJonesLLP 15 0.90 5
DLAPiperLLP 15 2.03 5
PaulWeissRifkindWharton&Garrison
15 4.06 5
BurstallWingerLLP 18 0.03 4
Dentons 18 0.35 4
DumoulinBlackLLP 18 0.05 4
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page20
CanadaEquityOfferingsCanadaEquityOfferings:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StikemanElliott 1 18.449 3,263 16 3 10.537 7.912
OslerHoskin&HarcourtLLP 2 12.246 2,166 8 4 9.409 2.837
BlakeCassels&GraydonLLP 3 10.305 1,822 17 1 24.335 -14.030
Torys 4 10.109 1,788 10 6 4.715 5.394
McCarthyTetrault 5 7.005 1,239 9 15 1.351 5.654
BordenLadnerGervaisLLP 6 5.332 943 22 8 2.950 2.382
DaviesWardPhillips&VinebergLLP
7 3.637 643 2 11 1.917 1.720
CahillGordon&Reindel 8 3.578 633 1 - - 3.578
PaulWeissRifkindWharton&Garrison
9 3.204 567 2 2 18.668 -15.464
Latham&WatkinsLLP 10 2.895 512 2 14 1.465 1.430
FaskenMartineauDuMoulinLLP 11 2.554 452 8 9 2.179 0.375
CasselsBrock&BlackwellLLP 12 2.433 430 9 12 1.683 0.750
NortonRoseFulbrightLLP 13 2.374 420 3 23 0.320 2.054
DLAPiperLLP 14 2.034 360 10 29 0.081 1.953
DavisPolk&Wardwell 15 1.805 319 1 - - 1.805
WildeboerDellelceLLP 16 1.522 269 7 25 0.271 1.251
SimpsonThacher&Bartlett 17 1.508 267 1 17 1.035 0.473
MillerThomsonLLP 18 1.242 220 25 19 0.832 0.410
BennettJonesLLP 19 1.220 216 6 24 0.288 0.932
McMillanLLP 20 1.118 198 2 10 1.919 -0.801
TOTAL 100% 17,686 211 100%
CanadaEquityOfferings:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
MillerThomsonLLP 1 1.24 25
BordenLadnerGervaisLLP 2 5.33 22
BlakeCassels&GraydonLLP 3 10.30 17
StikemanElliott 4 18.45 16
DLAPiperLLP 5 2.03 10
Torys 5 10.11 10
CasselsBrock&BlackwellLLP 7 2.43 9
McCarthyTetrault 7 7.01 9
FaskenMartineauDuMoulinLLP
9 2.55 8
OslerHoskin&HarcourtLLP 9 12.25 8
BurstallWingerLLP 11 0.27 7
WildeboerDellelceLLP 11 1.52 7
BennettJonesLLP 13 1.22 6
Dentons 13 0.96 6
McCulloughO'ConnorIrwin 13 0.01 6
BakerMcKenzie 16 0.44 5
PetersonMcVicarLLP 17 0.01 4
BurnetDuckworth&Palmer 18 0.59 3
GetzPrinceWells 18 0.01 3
NortonRoseFulbrightLLP 18 2.37 3
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page21
CanadaEquityIPOCanadaEquityIPO:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StikemanElliott 1 45.983 873 5 3 21.033 24.950
GoodmansLLP 2 21.284 404 2 13 0.737 20.547
Ropes&GrayLLP 3 14.048 267 1 5 4.805 9.243
McMillanLLP 4 7.313 139 2 - - 7.313
DLAPiperLLP 5 6.086 116 2 7 3.552 2.534
BlakeCassels&GraydonLLP 6 2.043 39 1 1 22.740 -20.697
PetersonMcVicarLLP 7 1.124 21 2 - - 1.124
SandersOrtoliVaughn-FlamRosenstadtLLP
8 0.344 7 1 - - 0.344
BurstallWingerLLP 9 0.237 5 4 - - 0.237
DumoulinBlackLLP 10 0.235 4 3 18 0.059 0.176
NortonRoseFulbrightLLP 11 0.225 4 2 8 2.494 -2.269
ChitizPathakLLP 12 0.105 2 3 30 0.015 0.090
BordenLadnerGervaisLLP 13 0.093 2 6 21 0.034 0.059
WeirFouldsLLP 14 0.077 1 3 - - 0.077
WildeboerDellelceLLP 15 0.074 1 3 6 3.865 -3.791
SalleyBowesHarwardt 16 0.067 1 1 - - 0.067
ThomasRondeauBusinessLawyers 17 0.063 1 1 - - 0.063
HeighingtonLawFirm 18 0.053 1 1 - - 0.053
TingleMerrettLLP 18 0.053 1 3 32 0.012 0.041
CasselsBrock&BlackwellLLP 20 0.050 0.95 4 36 0.010 0.040
TOTAL 100% 1,897 72 100%
CanadaEquityIPO:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
BordenLadnerGervaisLLP 1 0.09 6
StikemanElliott 2 45.98 5
BurstallWingerLLP 3 0.24 4
CasselsBrock&BlackwellLLP
3 0.05 4
ChitizPathakLLP 5 0.11 3
DumoulinBlackLLP 5 0.24 3
NorthwestLawGroup 5 0.04 3
TingleMerrettLLP 5 0.05 3
WeirFouldsLLP 5 0.08 3
WildeboerDellelceLLP 5 0.07 3
DLAPiperLLP 11 6.09 2
GoodmansLLP 11 21.28 2
McMillanLLP 11 7.31 2
NortonRoseFulbrightLLP 11 0.23 2
PetersonMcVicarLLP 11 1.12 2
SPaulSimpsonLawCorp 11 0.02 2
AFGLawLLP 17 0.03 1
AxiumLawGroup 17 0.03 1
BlakeCassels&GraydonLLP 17 2.04 1
ButtonwoodLawCorp 17 0.01 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page22
CanadaEquityIPOCanadaEquityIPO:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
McCarthyTetrault 1 33.285 631 3 11 1.067 32.218
BlakeCassels&GraydonLLP 2 21.332 404 3 3 5.043 16.289
SimpsonThacher&Bartlett 3 14.068 267 1 - - 14.068
OslerHoskin&HarcourtLLP 4 12.754 242 1 1 46.957 -34.203
MillerThomsonLLP 5 7.521 143 20 16 0.212 7.309
GoodwinProcterLLP 6 3.037 58 1 - - 3.037
StikemanElliott 6 3.037 58 1 7 2.620 0.417
WildeboerDellelceLLP 8 2.046 39 1 - - 2.046
BennettJonesLLP 9 1.115 21 1 17 0.167 0.948
EllenoffGrossmanSchole&CyruliLLP
10 0.690 13 1 - - 0.690
BurnetDuckworth&Palmer 11 0.198 4 1 - - 0.198
BordenLadnerGervaisLLP 12 0.147 3 5 - - 0.147
BurstallWingerLLP 13 0.129 2 6 14 0.492 -0.363
VantageLawCorp 14 0.115 2 3 - - 0.115
McCulloughO'ConnorIrwin 15 0.076 1 6 19 0.069 0.007
DLAPiperLLP 16 0.069 1 3 - - 0.069
DuntonRainvilleLLP 17 0.063 1 1 - - 0.063
PetersonMcVicarLLP 18 0.062 1 4 20 0.031 0.031
GetzPrinceWells 19 0.058 1 3 22 0.022 0.036
DumoulinBlackLLP 20 0.042 0.80 1 - - 0.042
TOTAL 100% 1,895 74 100%
CanadaEquityIPO:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
MillerThomsonLLP 1 7.52 20
BurstallWingerLLP 2 0.13 6
McCulloughO'ConnorIrwin 2 0.08 6
BordenLadnerGervaisLLP 4 0.15 5
PetersonMcVicarLLP 5 0.06 4
BlakeCassels&GraydonLLP 6 21.33 3
DLAPiperLLP 6 0.07 3
GetzPrinceWells 6 0.06 3
McCarthyTetrault 6 33.28 3
VantageLawCorp 6 0.11 3
SalleyBowesHarwardt 11 0.03 2
BennettJonesLLP 12 1.12 1
Boyle&CoLLP 12 0.01 1
BurnetDuckworth&Palmer 12 0.20 1
ChitizPathakLLP 12 0.02 1
Dentons 12 0.02 1
DumoulinBlackLLP 12 0.04 1
DuntonRainvilleLLP 12 0.06 1
EllenoffGrossmanSchole&CyruliLLP
12 0.69 1
GoodwinProcterLLP 12 3.04 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page23
CanadaEquity&EquityLinkedCanadaEquity&EquityLinked:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StikemanElliott 1 18.139 3,341 21 2 13.914 4.225
Torys 2 14.657 2,700 10 9 3.115 11.542
NortonRoseFulbrightLLP 3 6.817 1,256 11 4 10.609 -3.792
OslerHoskin&HarcourtLLP 4 6.138 1,131 6 1 14.158 -8.020
GoodmansLLP 5 5.802 1,069 7 7 4.011 1.791
FaskenMartineauDuMoulinLLP 6 4.206 775 6 19 0.968 3.238
PaulWeissRifkindWharton&Garrison
7 3.927 723 5 20 0.841 3.086
Ropes&GrayLLP 8 3.723 686 2 15 1.418 2.305
BlakeCassels&GraydonLLP 9 3.452 636 15 3 13.308 -9.856
McCarthyTetrault 10 3.013 555 8 5 5.692 -2.679
SkaddenArpsSlateMeagher&FlomLLP
11 2.667 491 3 11 2.672 -0.005
BurnetDuckworth&Palmer 12 2.525 465 2 13 1.779 0.746
McMillanLLP 13 2.375 438 9 14 1.530 0.845
GowlingWLGCanadaLLP 14 2.221 409 9 21 0.833 1.388
DLAPiperLLP 15 1.964 362 5 18 1.081 0.883
CasselsBrock&BlackwellLLP 16 1.936 357 14 23 0.644 1.292
AIRD&BerlisLLP 17 1.623 299 1 17 1.178 0.445
SteinMonastSENCRL 18 1.522 280 2 37 0.193 1.329
BennettJonesLLP 19 1.469 271 6 10 2.876 -1.407
BordenLadnerGervaisLLP 20 1.387 256 12 30 0.429 0.958
TOTAL 100% 18,420 217 100%
CanadaEquity&EquityLinked:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
StikemanElliott 1 18.14 21
BlakeCassels&GraydonLLP 2 3.45 15
CasselsBrock&BlackwellLLP 3 1.94 14
BordenLadnerGervaisLLP 4 1.39 12
NortonRoseFulbrightLLP 5 6.82 11
Torys 6 14.66 10
GowlingWLGCanadaLLP 7 2.22 9
McMillanLLP 7 2.38 9
McCarthyTetrault 9 3.01 8
GoodmansLLP 10 5.80 7
MillerThomsonLLP 10 0.90 7
BennettJonesLLP 12 1.47 6
Dorsey&WhitneyLLP 12 1.09 6
FaskenMartineauDuMoulinLLP 12 4.21 6
OslerHoskin&HarcourtLLP 12 6.14 6
DLAPiperLLP 16 1.96 5
PaulWeissRifkindWharton&Garrison
16 3.93 5
BurstallWingerLLP 18 0.02 4
Dentons 18 0.34 4
DumoulinBlackLLP 18 0.05 4
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page24
CanadaEquity&EquityLinkedCanadaEquity&EquityLinked:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StikemanElliott 1 18.287 3,381 18 3 10.839 7.448
OslerHoskin&HarcourtLLP 2 11.715 2,166 8 4 9.482 2.233
Torys 3 10.266 1,898 11 6 4.605 5.661
BlakeCassels&GraydonLLP 4 10.174 1,881 19 1 24.948 -14.774
McCarthyTetrault 5 6.702 1,239 9 16 1.319 5.383
BordenLadnerGervaisLLP 6 5.101 943 22 8 2.881 2.220
PaulWeissRifkindWharton&Garrison
7 4.288 793 4 2 18.232 -13.944
DaviesWardPhillips&VinebergLLP
8 3.480 643 2 11 1.872 1.608
CahillGordon&Reindel 9 3.423 633 1 - - 3.423
DLAPiperLLP 10 3.190 590 11 29 0.079 3.111
Latham&WatkinsLLP 11 2.770 512 2 15 1.431 1.339
FaskenMartineauDuMoulinLLP 12 2.443 452 8 9 2.186 0.257
CasselsBrock&BlackwellLLP 13 2.327 430 9 12 1.643 0.684
NortonRoseFulbrightLLP 14 2.271 420 3 23 0.312 1.959
DavisPolk&Wardwell 15 1.727 319 1 - - 1.727
WildeboerDellelceLLP 16 1.456 269 7 25 0.265 1.191
SimpsonThacher&Bartlett 17 1.442 267 1 17 1.010 0.432
MillerThomsonLLP 18 1.188 220 25 19 0.813 0.375
BennettJonesLLP 19 1.168 216 6 24 0.282 0.886
McMillanLLP 20 1.070 198 2 10 1.874 -0.804
TOTAL 100% 18,486 219 100%
CanadaEquity&EquityLinked:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
MillerThomsonLLP 1 1.19 25
BordenLadnerGervaisLLP 2 5.10 22
BlakeCassels&GraydonLLP 3 10.17 19
StikemanElliott 4 18.29 18
DLAPiperLLP 5 3.19 11
Torys 5 10.27 11
CasselsBrock&BlackwellLLP 7 2.33 9
McCarthyTetrault 7 6.70 9
FaskenMartineauDuMoulinLLP 9 2.44 8
OslerHoskin&HarcourtLLP 9 11.72 8
BurstallWingerLLP 11 0.26 7
WildeboerDellelceLLP 11 1.46 7
BennettJonesLLP 13 1.17 6
Dentons 13 0.92 6
McCulloughO'ConnorIrwin 13 0.01 6
BakerMcKenzie 16 0.42 5
PaulWeissRifkindWharton&Garrison
17 4.29 4
PetersonMcVicarLLP 17 0.01 4
BurnetDuckworth&Palmer 19 0.56 3
GetzPrinceWells 19 0.01 3
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page25
CanadaEquity,EquityLinked&PreferredCanadaEquity,EquityLinked&Preferred:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StikemanElliott 1 16.637 3,341 21 3 13.149 3.488
Torys 2 13.443 2,700 10 7 3.948 9.495
NortonRoseFulbrightLLP 3 6.252 1,256 11 4 10.025 -3.773
OslerHoskin&HarcourtLLP 4 5.738 1,153 7 1 15.206 -9.468
BlakeCassels&GraydonLLP 5 5.407 1,086 16 2 14.769 -9.362
GoodmansLLP 6 5.321 1,069 7 8 3.790 1.531
McCarthyTetrault 7 4.257 855 9 5 5.379 -1.122
FaskenMartineauDuMoulinLLP 8 3.858 775 6 17 1.153 2.705
Sullivan&Cromwell 9 3.816 767 1 - - 3.816
PaulWeissRifkindWharton&Garrison
10 3.601 723 5 20 0.795 2.806
Ropes&GrayLLP 11 3.414 686 2 15 1.340 2.074
SkaddenArpsSlateMeagher&FlomLLP
12 2.446 491 3 11 2.525 -0.079
BurnetDuckworth&Palmer 13 2.316 465 2 13 1.681 0.635
McMillanLLP 14 2.178 438 9 14 1.446 0.732
GowlingWLGCanadaLLP 15 2.037 409 9 21 0.787 1.250
DLAPiperLLP 16 1.801 362 5 19 1.021 0.780
CasselsBrock&BlackwellLLP 17 1.775 357 14 23 0.608 1.167
AIRD&BerlisLLP 18 1.489 299 1 18 1.113 0.376
SteinMonastSENCRL 19 1.396 280 2 38 0.183 1.213
BennettJonesLLP 20 1.347 271 6 10 2.718 -1.371
TOTAL 100% 20,084 222 100%
CanadaEquity,EquityLinked&Preferred:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
StikemanElliott 1 16.64 21
BlakeCassels&GraydonLLP 2 5.41 16
CasselsBrock&BlackwellLLP 3 1.78 14
BordenLadnerGervaisLLP 4 1.27 12
NortonRoseFulbrightLLP 5 6.25 11
Torys 6 13.44 10
GowlingWLGCanadaLLP 7 2.04 9
McCarthyTetrault 7 4.26 9
McMillanLLP 7 2.18 9
GoodmansLLP 10 5.32 7
MillerThomsonLLP 10 0.82 7
OslerHoskin&HarcourtLLP 10 5.74 7
BennettJonesLLP 13 1.35 6
Dorsey&WhitneyLLP 13 1.00 6
FaskenMartineauDuMoulinLLP 13 3.86 6
DLAPiperLLP 16 1.80 5
PaulWeissRifkindWharton&Garrison
16 3.60 5
BurstallWingerLLP 18 0.02 4
Dentons 18 0.31 4
DumoulinBlackLLP 18 0.04 4
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page26
CanadaEquity,EquityLinked&PreferredCanadaEquity,EquityLinked&Preferred:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
StikemanElliott 1 16.777 3,381 18 3 10.257 6.520
Torys 2 13.141 2,648 13 6 4.357 8.784
OslerHoskin&HarcourtLLP 3 10.748 2,166 8 4 9.895 0.853
BlakeCassels&GraydonLLP 4 9.334 1,881 19 1 23.607 -14.273
McCarthyTetrault 5 6.149 1,239 9 7 4.202 1.947
BordenLadnerGervaisLLP 6 4.680 943 22 9 2.726 1.954
PaulWeissRifkindWharton&Garrison
7 3.934 793 4 2 17.252 -13.318
BakerBottsLLP 8 3.804 767 1 - - 3.804
DaviesWardPhillips&VinebergLLP
9 3.301 665 3 13 1.771 1.530
CahillGordon&Reindel 10 3.140 633 1 - - 3.140
DLAPiperLLP 11 2.926 590 11 30 0.075 2.851
Latham&WatkinsLLP 12 2.541 512 2 16 1.354 1.187
FaskenMartineauDuMoulinLLP 13 2.242 452 8 11 2.069 0.173
CasselsBrock&BlackwellLLP 14 2.135 430 9 14 1.555 0.580
NortonRoseFulbrightLLP 15 2.084 420 3 23 0.296 1.788
DavisPolk&Wardwell 16 1.584 319 1 - - 1.584
WildeboerDellelceLLP 17 1.336 269 7 25 0.251 1.085
SimpsonThacher&Bartlett 18 1.323 267 1 18 0.956 0.367
MillerThomsonLLP 19 1.090 220 25 17 1.010 0.080
BennettJonesLLP 20 1.071 216 6 24 0.266 0.805
TOTAL 100% 20,150 224 100%
CanadaEquity,EquityLinked&Preferred:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
MillerThomsonLLP 1 1.09 25
BordenLadnerGervaisLLP 2 4.68 22
BlakeCassels&GraydonLLP 3 9.33 19
StikemanElliott 4 16.78 18
Torys 5 13.14 13
DLAPiperLLP 6 2.93 11
CasselsBrock&BlackwellLLP 7 2.14 9
McCarthyTetrault 7 6.15 9
FaskenMartineauDuMoulinLLP 9 2.24 8
OslerHoskin&HarcourtLLP 9 10.75 8
BurstallWingerLLP 11 0.24 7
WildeboerDellelceLLP 11 1.34 7
BennettJonesLLP 13 1.07 6
Dentons 13 0.84 6
McCulloughO'ConnorIrwin 13 0.01 6
BakerMcKenzie 16 0.39 5
PaulWeissRifkindWharton&Garrison
17 3.93 4
PetersonMcVicarLLP 17 0.01 4
BurnetDuckworth&Palmer 19 0.52 3
DaviesWardPhillips&VinebergLLP
19 3.30 3
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CanadaCorporateBondsCanadaCorporateBonds:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
McCarthyTetrault 1 23.256 3,500 5 3 11.333 11.923
StikemanElliott 2 12.957 1,950 6 7 6.019 6.938
LinklatersLLP 3 9.967 1,500 2 - - 9.967
McGuireWoodsLLP 3 9.967 1,500 2 10 3.400 6.567
OslerHoskin&HarcourtLLP 5 7.309 1,100 2 2 11.349 -4.040
FreshfieldsBruckhausDeringer 6 6.645 1,000 3 11 2.856 3.789
BlakeCassels&GraydonLLP 7 5.980 900 3 1 11.732 -5.752
Torys 8 5.316 800 2 17 1.700 3.616
NortonRoseFulbrightLLP 9 4.430 667 2 21 0.850 3.580
DavisPolk&Wardwell 10 3.322 500 1 12 2.550 0.772
AshurstLLP 11 2.990 450 1 - - 2.990
CliffordChanceLLP 12 2.215 333 2 14 2.267 -0.052
Sullivan&Cromwell 13 1.661 250 1 8 4.817 -3.156
AikinsMacAulay&ThorvaldsonLLP
14 1.329 200 1 - - 1.329
GibsonDunn&Crutcher 14 1.329 200 1 - - 1.329
Hunton&WilliamsLLP 14 1.329 200 1 - - 1.329
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 15,050 30 100%
CanadaCorporateBonds:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
StikemanElliott 1 12.96 6
McCarthyTetrault 2 23.26 5
BlakeCassels&GraydonLLP 3 5.98 3
FreshfieldsBruckhausDeringer 3 6.64 3
CliffordChanceLLP 5 2.21 2
LinklatersLLP 5 9.97 2
McGuireWoodsLLP 5 9.97 2
NortonRoseFulbrightLLP 5 4.43 2
OslerHoskin&HarcourtLLP 5 7.31 2
Torys 5 5.32 2
AikinsMacAulay&ThorvaldsonLLP
11 1.33 1
AshurstLLP 11 2.99 1
DavisPolk&Wardwell 11 3.32 1
GibsonDunn&Crutcher 11 1.33 1
Hunton&WilliamsLLP 11 1.33 1
Sullivan&Cromwell 11 1.66 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
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CanadaCorporateBondsCanadaCorporateBonds:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(CAD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Allen&OveryLLP 1 18.880 2,950 6 9 4.198 14.682
Sullivan&Cromwell 2 17.600 2,750 3 5 7.347 10.253
OslerHoskin&HarcourtLLP 3 12.800 2,000 6 3 10.260 2.540
Morrison&FoersterLLP 4 9.600 1,500 2 10 3.499 6.101
DaviesWardPhillips&VinebergLLP 5 7.520 1,175 3 11 2.974 4.546
LinklatersLLP 6 6.400 1,000 3 - - 6.400
Dentons 7 4.800 750 1 17 1.050 3.750
McCarthyTetrault 7 4.800 750 2 2 10.277 -5.477
StikemanKeeleySpiegel&PasternackLLP
9 4.480 700 2 - - 4.480
SidleyAustinLLP 10 3.200 500 1 7 6.123 -2.923
StikemanElliott 10 3.200 500 2 14 1.837 1.363
GoodmansLLP 12 1.920 300 1 18 0.525 1.395
SimpsonThacher&Bartlett 12 1.920 300 1 4 8.747 -6.827
Shearman&SterlingLLP 14 1.600 250 1 12 2.624 -1.024
NortonRoseFulbrightLLP 15 1.280 200 1 1 23.266 -21.986
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 15,625 31 100%
CanadaCorporateBonds:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Allen&OveryLLP 1 18.88 6
OslerHoskin&HarcourtLLP 1 12.80 6
DaviesWardPhillips&VinebergLLP
3 7.52 3
LinklatersLLP 3 6.40 3
Sullivan&Cromwell 3 17.60 3
McCarthyTetrault 6 4.80 2
Morrison&FoersterLLP 6 9.60 2
StikemanElliott 6 3.20 2
StikemanKeeleySpiegel&PasternackLLP
6 4.48 2
Dentons 10 4.80 1
GoodmansLLP 10 1.92 1
NortonRoseFulbrightLLP 10 1.28 1
Shearman&SterlingLLP 10 1.60 1
SidleyAustinLLP 10 3.20 1
SimpsonThacher&Bartlett 10 1.92 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page29
EMEAEquityIPOEMEAEquityIPO:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Latham&WatkinsLLP 1 10.710 2,633 2 5 4.574 6.136
Arendt&Medernach 2 10.535 2,590 1 - - 10.535
White&CaseLLP 3 8.111 1,994 7 3 6.471 1.640
CliffordChanceLLP 4 7.424 1,825 4 4 4.904 2.520
Sullivan&Cromwell 5 4.841 1,190 5 10 3.642 1.199
Allen&OveryLLP 6 3.841 945 6 6 4.477 -0.636
LinklatersLLP 7 3.144 773 3 1 9.354 -6.210
FreshfieldsBruckhausDeringer 8 2.971 730 2 7 4.159 -1.188
BakerMcKenzie 9 2.408 592 3 18 1.835 0.573
ThommessenKreftingGreveLund 10 2.311 568 2 32 0.696 1.615
AkinGumpStraussHauer&FeldLLP
11 1.673 411 1 - - 1.673
Baer&KarrerAG 11 1.673 411 1 - - 1.673
BowmanGilfillan 13 1.661 408 1 - - 1.661
MayerBrownLLP 14 1.637 403 1 - - 1.637
UriaMenendezLawFirm 14 1.637 403 1 22 1.339 0.298
HerbertSmithFreehills 16 1.618 398 2 11 3.045 -1.427
AshurstLLP 17 1.612 396 1 78 0.064 1.548
DavisPolk&Wardwell 18 1.479 364 3 16 2.071 -0.592
RoschierAsianajotoimistoOy 19 1.464 360 2 53 0.235 1.229
CooleyLLP 20 1.295 318 2 51 0.264 1.031
TOTAL 100% 24,588 104 100%
EMEAEquityIPO:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
White&CaseLLP 1 8.11 7
Allen&OveryLLP 2 3.84 6
Sullivan&Cromwell 3 4.84 5
CliffordChanceLLP 4 7.42 4
EvershedsSutherlandLtd 4 1.05 4
StephensonHarwood 4 0.40 4
BakerMcKenzie 7 2.41 3
DavisPolk&Wardwell 7 1.48 3
LinklatersLLP 7 3.14 3
SetterwallsAdvokatbyraAB 7 0.39 3
AlBusaidyMansoorJamal&Co
11 0.29 2
CliffeDekkerHofmeyrInc 11 0.68 2
CooleyLLP 11 1.29 2
FreshfieldsBruckhausDeringer
11 2.97 2
HerbertSmithFreehills 11 1.62 2
K&LGatesLLP 11 0.13 2
King&SpaldingLLP 11 1.17 2
Kirkland&Ellis 11 0.57 2
Latham&WatkinsLLP 11 10.71 2
Maples&Calder 11 0.83 2
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page30
EMEAEquityIPOEMEAEquityIPO:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Sullivan&Cromwell 1 28.577 6,957 3 7 4.277 24.300
Latham&WatkinsLLP 2 10.769 2,622 7 10 2.589 8.180
FreshfieldsBruckhausDeringer
3 5.949 1,448 3 3 10.223 -4.274
White&CaseLLP 4 4.848 1,180 4 2 10.352 -5.504
CliffordChanceLLP 5 4.374 1,065 3 21 1.286 3.088
LinklatersLLP 6 4.172 1,016 5 1 10.960 -6.788
Shearman&SterlingLLP 7 2.678 652 2 - - 2.678
Stibbe 8 2.290 557 1 - - 2.290
DavisPolk&Wardwell 9 2.289 557 2 16 1.513 0.776
AdvokatfirmaetSchjodtAS 10 1.869 455 1 45 0.165 1.704
Cakmak-GokceAvukatlikBurosu
11 1.770 431 2 36 0.509 1.261
HomburgerAG 12 1.690 411 1 - - 1.690
CliffeDekkerHofmeyrInc 13 1.678 408 1 - - 1.678
HerbertSmithFreehills 14 1.646 401 3 5 6.761 -5.115
ReedSmithLLP 15 1.629 396 1 29 0.801 0.828
TraversSmith 16 1.387 338 1 30 0.788 0.599
MayerBrownLLP 17 1.370 334 2 - - 1.370
Baer&KarrerAG 18 1.328 323 2 4 7.594 -6.266
KromannReumert 19 1.161 283 1 46 0.158 1.003
StephensonHarwood 20 1.098 267 1 24 1.133 -0.035
TOTAL 100% 24,343 69 100%
EMEAEquityIPO:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Latham&WatkinsLLP 1 10.77 7
LinklatersLLP 2 4.17 5
White&CaseLLP 3 4.85 4
BakerMcKenzie 4 0.88 3
CliffordChanceLLP 4 4.37 3
FreshfieldsBruckhausDeringer
4 5.95 3
HerbertSmithFreehills 4 1.65 3
Sullivan&Cromwell 4 28.58 3
AdvokatfirmanVingeKB 9 0.57 2
Allen&OveryLLP 9 0.82 2
Baer&KarrerAG 9 1.33 2
Cakmak-GokceAvukatlikBurosu
9 1.77 2
DavisPolk&Wardwell 9 2.29 2
Gornitzky&Co 9 0.22 2
MayerBrownLLP 9 1.37 2
NautaDutilh 9 1.02 2
Shearman&SterlingLLP 9 2.68 2
AdvokaadibuerooSorainenAS 18 0.36 1
AdvokatfirmaetSchjodtAS 18 1.87 1
AdvokatfirmaetWiersholmAS 18 0.65 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page31
EMEAEquityOfferingsEMEAEquityOfferings:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Latham&WatkinsLLP 1 8.171 2,940 5 4 4.657 3.514
Arendt&Medernach 2 7.198 2,590 1 50 0.370 6.828
Loyens&Loeff 3 5.790 2,083 2 17 1.601 4.189
LinklatersLLP 4 5.599 2,015 7 1 10.508 -4.909
White&CaseLLP 5 5.542 1,994 7 2 7.202 -1.660
CliffordChanceLLP 6 5.339 1,921 8 8 3.422 1.917
Allen&OveryLLP 7 3.630 1,306 9 5 4.655 -1.025
Sullivan&Cromwell 8 3.370 1,213 6 7 4.591 -1.221
FreshfieldsBruckhausDeringer 9 2.772 998 5 3 4.851 -2.079
BakerMcKenzie 10 2.553 919 9 18 1.555 0.998
HerbertSmithFreehills 11 2.465 887 4 11 2.577 -0.112
ThommessenKreftingGreveLund 12 2.141 771 5 42 0.482 1.659
SlaughterandMay 13 2.095 754 6 139 0.018 2.077
DavisPolk&Wardwell 14 1.421 511 8 12 2.238 -0.817
GoodwinProcterLLP 15 1.340 482 6 22 1.158 0.182
BowmanGilfillan 16 1.250 450 2 - - 1.250
CooleyLLP 17 1.183 426 5 68 0.189 0.994
AkinGumpStraussHauer&FeldLLP
18 1.143 411 1 - - 1.143
Baer&KarrerAG 18 1.143 411 1 - - 1.143
MayerBrownLLP 20 1.119 403 1 - - 1.119
TOTAL 100% 35,985 222 100%
EMEAEquityOfferings:LegalAdviser-IssuerRankedbyVolume
Firm RankMkt
Share(%)DealCount
Allen&OveryLLP 1 3.63 9
BakerMcKenzie 1 2.55 9
CliffordChanceLLP 3 5.34 8
DavisPolk&Wardwell 3 1.42 8
LinklatersLLP 5 5.60 7
White&CaseLLP 5 5.54 7
AdvokatfirmanVingeKB 7 0.49 6
GoodwinProcterLLP 7 1.34 6
SlaughterandMay 7 2.09 6
Sullivan&Cromwell 7 3.37 6
CooleyLLP 11 1.18 5
FreshfieldsBruckhausDeringer 11 2.77 5
Latham&WatkinsLLP 11 8.17 5
SetterwallsAdvokatbyraAB 11 0.49 5
ThommessenKreftingGreveLund
11 2.14 5
AdvokatfirmaetSchjodtAS 16 0.64 4
EvershedsSutherlandLtd 16 0.72 4
Haynes&BooneLLP 16 0.08 4
HerbertSmithFreehills 16 2.47 4
MeitarLiquornikGeva&Co 16 0.81 4
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
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EMEAEquityOfferingsEMEAEquityOfferings:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Sullivan&Cromwell 1 19.604 6,957 3 11 2.482 17.122
White&CaseLLP 2 11.007 3,906 19 2 9.783 1.224
Latham&WatkinsLLP 3 7.834 2,780 9 6 4.808 3.026
LinklatersLLP 4 6.190 2,197 12 1 21.422 -15.232
Allen&OveryLLP 5 5.303 1,882 9 4 5.972 -0.669
FreshfieldsBruckhausDeringer 6 5.293 1,878 6 3 7.603 -2.310
DavisPolk&Wardwell 7 3.313 1,176 5 9 2.927 0.386
CliffordChanceLLP 8 3.109 1,103 4 10 2.911 0.198
Cakmak-GokceAvukatlikBurosu 9 2.132 756 3 41 0.295 1.837
Shearman&SterlingLLP 10 1.837 652 2 - - 1.837
Stibbe 11 1.718 609 2 - - 1.718
HomburgerAG 12 1.484 527 3 - - 1.484
NautaDutilh 13 1.306 464 4 54 0.137 1.169
HerbertSmithFreehills 14 1.303 462 4 5 5.068 -3.765
TraversSmith 15 1.302 462 5 20 0.906 0.396
AdvokatfirmaetSchjodtAS 16 1.282 455 1 57 0.096 1.186
KromannReumert 17 1.161 412 2 58 0.092 1.069
CliffeDekkerHofmeyrInc 18 1.151 408 1 - - 1.151
ReedSmithLLP 19 1.117 396 1 36 0.465 0.652
SkaddenArpsSlateMeagher&FlomLLP
20 1.086 385 3 33 0.558 0.528
TOTAL 100% 35,485 166 100%
EMEAEquityOfferings:LegalAdviser-ManagerRankedbyVolume
Firm RankMkt
Share(%)DealCount
White&CaseLLP 1 11.01 19
LinklatersLLP 2 6.19 12
Allen&OveryLLP 3 5.30 9
Latham&WatkinsLLP 3 7.83 9
BakerMcKenzie 5 0.73 6
FreshfieldsBruckhausDeringer
5 5.29 6
CooleyLLP 7 1.06 5
Covington&Burling 7 0.39 5
DavisPolk&Wardwell 7 3.31 5
Gornitzky&Co 7 0.34 5
TraversSmith 7 1.30 5
CliffordChanceLLP 12 3.11 4
GoodwinProcterLLP 12 0.45 4
HerbertSmithFreehills 12 1.30 4
McDermottWill&EmeryLLPINC
12 0.06 4
NautaDutilh 12 1.31 4
AshurstLLP 17 1.03 3
CMS 17 0.44 3
Cakmak-GokceAvukatlikBurosu
17 2.13 3
HomburgerAG 17 1.48 3
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page33
AIMEquityOfferingsAIMEquityOfferings:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(GBP
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
GattiPavesiBianchi 1 24.933 528 1 - - 24.933
HoganLovellsUSLLP 2 7.089 150 1 - - 7.089
DLAPiperLLP 3 5.240 111 5 - - 5.240
SquireSanders 4 5.082 108 1 48 0.158 4.924
MaynardCooper&GalePC 5 4.477 95 1 - - 4.477
WedlakeBell 5 4.477 95 1 49 0.124 4.353
EvershedsSutherlandLtd 7 4.472 95 2 15 1.536 2.936
GowlingWLGCanadaLLP 8 4.372 93 1 5 4.619 -0.247
SYHop&Partners 8 4.372 93 1 - - 4.372
TraversSmith 10 3.352 71 2 - - 3.352
MilbankTweedHadley&McCloyLLP
11 3.205 68 1 - - 3.205
MourantduFeu&Jeune 11 3.205 68 1 - - 3.205
WombleBondDickinsonUSLLP 13 2.921 62 1 - - 2.921
PinsentMasons 14 2.506 53 2 7 2.710 -0.204
Winston&StrawnLLP 15 2.403 51 1 - - 2.403
Ogier 16 2.187 46 2 35 0.339 1.848
Shepherd&Wedderburn 17 1.516 32 1 38 0.280 1.236
SlaughterandMay 18 1.515 32 1 39 0.271 1.244
Dentons 19 1.493 32 2 - - 1.493
King&SpaldingLLP 20 1.182 25 1 2 17.745 -16.563
TOTAL 100% 2,115 45 100%
AIMEquityOfferings:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
DLAPiperLLP 1 5.24 5
Dentons 2 1.49 2
Dorsey&WhitneyLLP 2 0.40 2
EvershedsSutherlandLtd 2 4.47 2
FieldfisherLLP 2 0.17 2
NCTMStudioLegaleAssociato
2 0.52 2
Ogier 2 2.19 2
PinsentMasons 2 2.51 2
ProskauerRoseLLP 2 1.18 2
TraversSmith 2 3.35 2
A&LGoodbody 11 1.04 1
Appleby 11 0.14 1
ArenaAlvarezAdvogados 11 0.06 1
AshurstLLP 11 0.42 1
AussieLegalGroupPtyLtd 11 0.14 1
BellanhouseLegal 11 0.06 1
CareyOlsen 11 0.17 1
CharlesRussellSpeechlysLLP
11 0.78 1
Chibesakunda&Co 11 0.03 1
CorrsChambersWestgarth 11 0.20 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
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AIMEquityOfferingsAIMEquityOfferings:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm Rank MktShare(%) Volume(GBPMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Latham&WatkinsLLP 1 24.272 528 1 - - 24.272
FieldfisherLLP 2 11.584 252 4 7 4.474 7.110
Dorsey&WhitneyLLP 3 8.511 185 1 - - 8.511
TraversSmith 3 8.511 185 3 2 12.603 -4.092
GreenbergTraurigLLP 5 6.901 150 1 12 1.383 5.518
NortonRoseFulbrightLLP 6 6.239 136 1 4 9.301 -3.062
WalkerMorris 7 5.526 120 3 - - 5.526
JonesDay 8 4.947 108 1 18 0.922 4.025
StephensonHarwood 9 4.870 106 2 18 0.922 3.948
DWFSolicitorsLtd 10 2.843 62 1 - - 2.843
AddleshawGoddard 11 2.339 51 1 13 1.364 0.975
PinsentMasons 12 2.015 44 2 28 0.138 1.877
CMS 13 1.568 34 2 6 6.341 -4.773
TaylorWessing 14 1.476 32 1 - - 1.476
DLAPiperLLP 15 1.380 30 1 14 1.114 0.266
HoganLovellsUSLLP 16 1.044 23 1 1 23.726 -22.682
EvershedsSutherland 17 1.010 22 1 - - 1.010
Matheson 17 1.010 22 1 - - 1.010
Bird&Bird 19 0.769 17 1 - - 0.769
MemeryCrystal 20 0.760 17 1 17 0.973 -0.213
TOTAL 100% 2,173 37 100%
AIMEquityOfferings:LegalAdviser-ManagerRankedbyDealCount
Firm Rank MktShare(%) DealCount
FieldfisherLLP 1 11.58 4
TraversSmith 2 8.51 3
WalkerMorris 2 5.53 3
BirchamDysonBellLLP 4 0.54 2
CMS 4 1.57 2
PinsentMasons 4 2.02 2
StephensonHarwood 4 4.87 2
AddleshawGoddard 8 2.34 1
AxiomStoneLtd 8 0.34 1
Bird&Bird 8 0.77 1
DLAPiperLLP 8 1.38 1
DWFSolicitorsLtd 8 2.84 1
Dentons 8 0.16 1
Dorsey&WhitneyLLP 8 8.51 1
EvershedsSutherland 8 1.01 1
FreethsLLP 8 0.46 1
GowlingWLGCanadaLLP 8 0.28 1
GreenbergTraurigLLP 8 6.90 1
HoganLovellsUSLLP 8 1.04 1
JonesDay 8 4.95 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page35
EuropeanBondsEuropeanBonds:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
LinklatersLLP 1 16.521 65,040 114 1 14.496 2.025
Allen&OveryLLP 2 14.978 58,965 128 2 14.382 0.596
Sullivan&Cromwell 3 14.445 56,867 30 4 10.169 4.276
CliffordChanceLLP 4 10.900 42,911 116 3 12.558 -1.658
White&CaseLLP 5 7.137 28,098 52 5 6.695 0.442
DavisPolk&Wardwell 6 4.987 19,635 25 8 2.481 2.506
ClearyGottliebSteen&Hamilton
7 4.547 17,902 20 7 5.228 -0.681
NautaDutilh 8 3.700 14,565 65 9 2.229 1.471
SlaughterandMay 9 3.210 12,637 33 13 1.177 2.033
FreshfieldsBruckhausDeringer
10 2.844 11,197 26 6 5.619 -2.775
HomburgerAG 11 2.053 8,082 9 12 1.691 0.362
Latham&WatkinsLLP 12 1.836 7,227 16 10 1.912 -0.076
AshurstLLP 13 1.106 4,354 11 16 0.820 0.286
HoganLovellsUSLLP 14 0.907 3,570 9 19 0.733 0.174
Kirkland&Ellis 15 0.891 3,508 8 23 0.573 0.318
HengelerMueller 16 0.775 3,050 3 36 0.295 0.480
SimpsonThacher&Bartlett 17 0.683 2,690 5 22 0.626 0.057
BNPParibas 18 0.572 2,250 1 - - 0.572
CreditAgricoleCIB 18 0.572 2,250 1 - - 0.572
JonesDay 20 0.500 1,969 5 56 0.137 0.363
TOTAL 100% 393,690 768 100%
EuropeanBonds:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Allen&OveryLLP 1 14.98 128
CliffordChanceLLP 2 10.90 116
LinklatersLLP 3 16.52 114
NautaDutilh 4 3.70 65
White&CaseLLP 5 7.14 52
SlaughterandMay 6 3.21 33
Sullivan&Cromwell 7 14.44 30
FreshfieldsBruckhausDeringer 8 2.84 26
DavisPolk&Wardwell 9 4.99 25
ClearyGottliebSteen&Hamilton 10 4.55 20
Latham&WatkinsLLP 11 1.84 16
LawSquarebcvba 12 0.10 13
AshurstLLP 13 1.11 11
HoganLovellsUSLLP 14 0.91 9
HomburgerAG 14 2.05 9
WolfTheissRechtsanwalteGmbH&CoKG
14 0.14 9
Kirkland&Ellis 17 0.89 8
BowmanGilfillan 18 0.09 6
CravathSwaine&Moore 18 0.45 6
DLAPiperLLP/Rome 18 0.30 6
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page36
EuropeanBondsEuropeanBonds:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Allen&OveryLLP 1 32.288 178,188 418 1 22.547 9.741
LinklatersLLP 2 16.588 91,543 158 2 18.475 -1.887
CliffordChanceLLP 3 14.213 78,439 179 3 16.152 -1.939
White&CaseLLP 4 8.183 45,161 103 4 6.591 1.592
HengelerMueller 5 6.713 37,046 132 5 5.301 1.412
SimpsonThacher&Bartlett 6 5.179 28,584 22 6 3.583 1.596
HoganLovellsUSLLP 7 3.682 20,318 79 8 3.452 0.230
SkaddenArpsSlateMeagher&FlomLLP
8 1.729 9,543 6 16 0.942 0.787
DavisPolk&Wardwell 9 1.517 8,371 17 7 3.567 -2.050
Latham&WatkinsLLP 10 1.257 6,937 18 9 2.695 -1.438
Shearman&SterlingLLP 11 1.143 6,306 10 10 1.841 -0.698
CravathSwaine&Moore 12 0.687 3,789 9 19 0.828 -0.141
MayerBrownLLP 13 0.684 3,773 13 12 1.298 -0.614
SidleyAustinLLP 14 0.647 3,569 6 58 0.031 0.616
NautaDutilh 15 0.623 3,440 6 20 0.622 0.001
ClearyGottliebSteen&Hamilton 16 0.577 3,187 5 11 1.318 -0.741
AshurstLLP 17 0.530 2,926 18 22 0.548 -0.018
FreshfieldsBruckhausDeringer 18 0.454 2,505 6 17 0.926 -0.472
ChiomentiStudioLegale 19 0.317 1,750 2 39 0.095 0.222
DLAPiperLLP 20 0.296 1,633 2 21 0.587 -0.291
TOTAL 100% 551,864 1,206 100%
EuropeanBonds:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Allen&OveryLLP 1 32.29 418
CliffordChanceLLP 2 14.21 179
LinklatersLLP 3 16.59 158
HengelerMueller 4 6.71 132
White&CaseLLP 5 8.18 103
HoganLovellsUSLLP 6 3.68 79
SimpsonThacher&Bartlett 7 5.18 22
AshurstLLP 8 0.53 18
Latham&WatkinsLLP 8 1.26 18
DavisPolk&Wardwell 10 1.52 17
JonesDay 11 0.18 15
MayerBrownLLP 12 0.68 13
Shearman&SterlingLLP 13 1.14 10
CravathSwaine&Moore 14 0.69 9
BowmanGilfillan 15 0.07 6
FreshfieldsBruckhausDeringer 15 0.45 6
NautaDutilh 15 0.62 6
SidleyAustinLLP 15 0.65 6
SkaddenArpsSlateMeagher&FlomLLP
15 1.73 6
SlaughterandMay 15 0.21 6
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page37
EMEACorporateHighYieldBonds(incEM)EMEACorporateHighYieldBonds(incEM)-Risk:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Kirkland&Ellis 1 28.697 8,974 15 6 5.969 22.728
Latham&WatkinsLLP 2 14.785 4,624 13 1 13.230 1.555
Allen&OveryLLP 3 11.389 3,562 8 7 4.869 6.520
SimpsonThacher&Bartlett 4 8.759 2,739 7 4 6.882 1.877
White&CaseLLP 5 5.958 1,863 6 3 8.415 -2.457
LinklatersLLP 6 4.925 1,540 6 12 3.196 1.729
PaulWeissRifkindWharton&Garrison 7 3.479 1,088 4 27 0.638 2.841
WeilGotshal&MangesLLP 8 3.148 984 2 13 3.172 -0.024
ClearyGottliebSteen&Hamilton 9 2.559 800 2 9 4.117 -1.558
SkaddenArpsSlateMeagher&FlomLLP
10 2.364 739 2 - - 2.364
FreshfieldsBruckhausDeringer 11 2.295 718 3 5 6.234 -3.939
CahillGordon&Reindel 12 1.742 545 2 29 0.547 1.195
MilbankTweedHadley&McCloyLLP 13 1.599 500 1 33 0.376 1.223
Shearman&SterlingLLP 14 1.477 462 2 2 9.852 -8.375
Debevoise&PlimptonLLP 15 1.290 403 1 18 1.502 -0.212
SlaughterandMay 16 1.189 372 2 - - 1.189
Ropes&GrayLLP 17 1.100 344 1 17 1.557 -0.457
BakerMcKenzie 18 0.778 243 1 10 3.594 -2.816
MayerBrownLLP 19 0.719 225 1 41 0.159 0.560
RittershausRechtsanwaltePertnerschaftsgese
19 0.719 225 1 45 0.080 0.639
TOTAL 100% 31,272 80 100%
EMEACorporateHighYieldBonds(incEM)-Risk:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Kirkland&Ellis 1 28.70 15
Latham&WatkinsLLP 2 14.79 13
Allen&OveryLLP 3 11.39 8
SimpsonThacher&Bartlett 4 8.76 7
LinklatersLLP 5 4.92 6
White&CaseLLP 5 5.96 6
PaulWeissRifkindWharton&Garrison
7 3.48 4
FreshfieldsBruckhausDeringer 8 2.29 3
CahillGordon&Reindel 9 1.74 2
ClearyGottliebSteen&Hamilton 9 2.56 2
Shearman&SterlingLLP 9 1.48 2
SkaddenArpsSlateMeagher&FlomLLP
9 2.36 2
SlaughterandMay 9 1.19 2
WeilGotshal&MangesLLP 9 3.15 2
AkinGumpStraussHauer&FeldLLP
15 0.13 1
AshurstLLP 15 0.49 1
BakerMcKenzie 15 0.78 1
CravathSwaine&Moore 15 0.41 1
Debevoise&PlimptonLLP 15 1.29 1
MayerBrownLLP 15 0.72 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page38
EMEACorporateHighYieldBonds(incEM)EMEACorporateHighYieldBonds(incEM)-Risk:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Latham&WatkinsLLP 1 21.544 7,365 20 1 24.301 -2.757
LinklatersLLP 2 20.462 6,996 15 4 10.546 9.916
Allen&OveryLLP 3 17.013 5,816 15 2 13.163 3.850
White&CaseLLP 4 16.301 5,573 15 8 4.234 12.067
Shearman&SterlingLLP 5 5.557 1,900 4 7 4.566 0.991
CahillGordon&Reindel 6 4.680 1,600 5 3 12.704 -8.024
CravathSwaine&Moore 7 3.504 1,198 6 9 2.869 0.635
WeilGotshal&MangesLLP 8 2.194 750 2 25 0.448 1.746
FreshfieldsBruckhausDeringer 9 1.948 666 2 15 0.969 0.979
Sullivan&Cromwell 10 1.462 500 1 10 1.623 -0.161
Vinson&ElkinsLLP 11 1.339 458 1 - - 1.339
CliffordChanceLLP 12 1.316 450 2 6 4.957 -3.641
Kirkland&Ellis 13 0.978 334 1 - - 0.978
MilbankTweedHadley&McCloyLLP
14 0.748 256 1 13 1.295 -0.547
Dechert 15 0.711 243 1 - - 0.711
CMS 16 0.242 83 1 - - 0.242
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 34,188 88 100%
EMEACorporateHighYieldBonds(incEM)-Risk:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Latham&WatkinsLLP 1 21.54 20
Allen&OveryLLP 2 17.01 15
LinklatersLLP 2 20.46 15
White&CaseLLP 2 16.30 15
CravathSwaine&Moore 5 3.50 6
CahillGordon&Reindel 6 4.68 5
Shearman&SterlingLLP 7 5.56 4
CliffordChanceLLP 8 1.32 2
FreshfieldsBruckhausDeringer 8 1.95 2
WeilGotshal&MangesLLP 8 2.19 2
CMS 11 0.24 1
Dechert 11 0.71 1
Kirkland&Ellis 11 0.98 1
MilbankTweedHadley&McCloyLLP
11 0.75 1
Sullivan&Cromwell 11 1.46 1
Vinson&ElkinsLLP 11 1.34 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page39
EMEACorporateInvestmentGradeBonds(incEM)EMEACorporateInvestmentGradeBonds(incEM):LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Allen&OveryLLP 1 21.801 15,735 29 4 10.678 11.123
CliffordChanceLLP 2 12.628 9,115 22 3 12.004 0.624
LinklatersLLP 3 12.560 9,065 21 1 14.316 -1.756
FreshfieldsBruckhausDeringer
4 10.550 7,615 18 2 12.560 -2.010
Latham&WatkinsLLP 5 6.681 4,822 7 14 1.262 5.419
White&CaseLLP 6 5.029 3,630 7 5 6.983 -1.954
ClearyGottliebSteen&Hamilton
7 4.661 3,364 5 8 3.356 1.305
AshurstLLP 8 4.406 3,180 5 11 1.587 2.819
SlaughterandMay 9 3.614 2,609 8 16 1.040 2.574
HoganLovellsUSLLP 10 2.286 1,650 3 12 1.420 0.866
ElvingerHoss&Prussen 11 1.847 1,333 3 - - 1.847
Lenz&Staehelin 11 1.847 1,333 3 - - 1.847
HomburgerAG 13 1.792 1,294 2 - - 1.792
AlTamimi&Co 14 1.682 1,214 2 - - 1.682
HerbertSmithFreehills 15 1.276 921 5 23 0.787 0.489
HengelerMueller 16 1.039 750 1 17 0.989 0.050
FaegreBakerDanielsLLP 17 0.901 650 1 - - 0.901
Jingtian&Gongcheng 18 0.831 600 1 - - 0.831
DavisPolk&Wardwell 19 0.711 513 1 15 1.198 -0.487
CMS 20 0.693 500 1 38 0.360 0.333
TOTAL 100% 72,178 149 100%
EMEACorporateInvestmentGradeBonds(incEM):LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Allen&OveryLLP 1 21.80 29
CliffordChanceLLP 2 12.63 22
LinklatersLLP 3 12.56 21
FreshfieldsBruckhausDeringer
4 10.55 18
BowmanGilfillan 5 0.55 8
SlaughterandMay 5 3.61 8
Latham&WatkinsLLP 7 6.68 7
White&CaseLLP 7 5.03 7
AshurstLLP 9 4.41 5
ClearyGottliebSteen&Hamilton
9 4.66 5
HerbertSmithFreehills 9 1.28 5
ElvingerHoss&Prussen 12 1.85 3
HoganLovellsUSLLP 12 2.29 3
Lenz&Staehelin 12 1.85 3
AlTamimi&Co 15 1.68 2
BakerMcKenzie 15 0.21 2
HomburgerAG 15 1.79 2
Alston&BirdLLP 18 0.42 1
CMS 18 0.69 1
DavisPolk&Wardwell 18 0.71 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page40
EMEACorporateInvestmentGradeBonds(incEM)EMEACorporateInvestmentGradeBonds(incEM):LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
CliffordChanceLLP 1 27.626 33,846 61 3 17.621 10.005
Allen&OveryLLP 2 25.208 30,884 78 1 23.405 1.803
LinklatersLLP 3 15.825 19,388 28 2 19.813 -3.988
White&CaseLLP 4 8.964 10,982 24 4 6.028 2.936
HengelerMueller 5 6.145 7,529 19 8 3.243 2.902
HoganLovellsUSLLP 6 4.458 5,462 13 - - 4.458
Shearman&SterlingLLP 7 3.061 3,750 5 10 1.519 1.542
MayerBrownLLP 8 2.464 3,019 10 9 2.135 0.329
Sullivan&Cromwell 9 2.070 2,536 2 6 4.221 -2.151
CMS 10 0.979 1,200 2 16 0.687 0.292
SlaughterandMay 11 0.777 952 5 - - 0.777
ClearyGottliebSteen&Hamilton
12 0.741 908 3 26 0.283 0.458
SidleyAustinLLP 13 0.408 500 1 12 1.240 -0.832
BowmanGilfillan 14 0.324 397 8 23 0.354 -0.030
AlTamimi&Co 15 0.248 304 2 - - 0.248
Dentons 15 0.248 304 2 - - 0.248
DavisPolk&Wardwell 17 0.245 300 1 5 5.812 -5.567
FreshfieldsBruckhausDeringer
18 0.209 257 2 27 0.224 -0.015
- - - - - - - -
- - - - - - - -
TOTAL 100% 122,515 237 100%
EMEACorporateInvestmentGradeBonds(incEM):LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Allen&OveryLLP 1 25.21 78
CliffordChanceLLP 2 27.63 61
LinklatersLLP 3 15.82 28
White&CaseLLP 4 8.96 24
HengelerMueller 5 6.15 19
HoganLovellsUSLLP 6 4.46 13
MayerBrownLLP 7 2.46 10
BowmanGilfillan 8 0.32 8
Shearman&SterlingLLP 9 3.06 5
SlaughterandMay 9 0.78 5
ClearyGottliebSteen&Hamilton
11 0.74 3
AlTamimi&Co 12 0.25 2
CMS 12 0.98 2
Dentons 12 0.25 2
FreshfieldsBruckhausDeringer
12 0.21 2
Sullivan&Cromwell 12 2.07 2
DavisPolk&Wardwell 17 0.24 1
SidleyAustinLLP 17 0.41 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page41
WesternEuropeanCorporateHighYieldBondsWesternEuropeanCorporateHighYieldBonds-Risk:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Kirkland&Ellis 1 24.954 5,358 11 5 7.330 17.624
Latham&WatkinsLLP 2 19.652 4,220 12 1 12.136 7.516
SimpsonThacher&Bartlett 3 12.757 2,739 7 4 8.450 4.307
White&CaseLLP 4 8.677 1,863 6 3 9.647 -0.970
PaulWeissRifkindWharton&Garrison 5 5.067 1,088 4 25 0.783 4.284
WeilGotshal&MangesLLP 6 4.585 984 2 10 3.894 0.691
LinklatersLLP 7 4.337 931 4 14 2.546 1.791
Allen&OveryLLP 8 2.904 624 2 7 5.000 -2.096
CahillGordon&Reindel 9 2.537 545 2 - - 2.537
MilbankTweedHadley&McCloyLLP 10 2.329 500 1 29 0.462 1.867
Shearman&SterlingLLP 11 2.151 462 2 2 10.382 -8.231
ClearyGottliebSteen&Hamilton 12 1.863 400 1 8 4.161 -2.298
SlaughterandMay 13 1.731 372 2 - - 1.731
Ropes&GrayLLP 14 1.602 344 1 16 1.912 -0.310
FreshfieldsBruckhausDeringer 15 1.260 271 2 6 5.238 -3.978
MayerBrownLLP 16 1.048 225 1 36 0.196 0.852
RittershausRechtsanwaltePertnerschaftsgese
16 1.048 225 1 40 0.098 0.950
AshurstLLP 18 0.712 153 1 - - 0.712
CravathSwaine&Moore 19 0.598 128 1 18 1.289 -0.691
AkinGumpStraussHauer&FeldLLP 20 0.189 41 1 - - 0.189
TOTAL 100% 21,472 61 100%
WesternEuropeanCorporateHighYieldBonds-Risk:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Latham&WatkinsLLP 1 19.65 12
Kirkland&Ellis 2 24.95 11
SimpsonThacher&Bartlett 3 12.76 7
White&CaseLLP 4 8.68 6
LinklatersLLP 5 4.34 4
PaulWeissRifkindWharton&Garrison
5 5.07 4
Allen&OveryLLP 7 2.90 2
CahillGordon&Reindel 7 2.54 2
FreshfieldsBruckhausDeringer 7 1.26 2
Shearman&SterlingLLP 7 2.15 2
SlaughterandMay 7 1.73 2
WeilGotshal&MangesLLP 7 4.58 2
AkinGumpStraussHauer&FeldLLP
13 0.19 1
AshurstLLP 13 0.71 1
ClearyGottliebSteen&Hamilton 13 1.86 1
CravathSwaine&Moore 13 0.60 1
MayerBrownLLP 13 1.05 1
MilbankTweedHadley&McCloyLLP
13 2.33 1
RittershausRechtsanwaltePertnerschaftsgese
13 1.05 1
Ropes&GrayLLP 13 1.60 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page42
WesternEuropeanCorporateHighYieldBondsWesternEuropeanCorporateHighYieldBonds-Risk:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Latham&WatkinsLLP 1 26.463 6,714 18 1 24.159 2.304
White&CaseLLP 2 21.968 5,573 15 6 5.005 16.963
Allen&OveryLLP 3 16.217 4,114 9 2 13.750 2.467
Shearman&SterlingLLP 4 7.489 1,900 4 8 4.435 3.054
CahillGordon&Reindel 5 6.307 1,600 5 3 13.368 -7.061
CravathSwaine&Moore 6 4.723 1,198 6 9 3.392 1.331
LinklatersLLP 7 4.324 1,097 4 5 7.247 -2.923
WeilGotshal&MangesLLP 8 2.956 750 2 22 0.529 2.427
Sullivan&Cromwell 9 1.971 500 1 10 1.918 0.053
Vinson&ElkinsLLP 10 1.804 458 1 - - 1.804
CliffordChanceLLP 11 1.774 450 2 7 4.473 -2.699
FreshfieldsBruckhausDeringer 12 1.353 343 1 14 1.145 0.208
Kirkland&Ellis 13 1.317 334 1 - - 1.317
MilbankTweedHadley&McCloyLLP
14 1.008 256 1 13 1.531 -0.523
CMS 15 0.326 83 1 - - 0.326
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 25,369 68 100%
WesternEuropeanCorporateHighYieldBonds-Risk:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Latham&WatkinsLLP 1 26.46 18
White&CaseLLP 2 21.97 15
Allen&OveryLLP 3 16.22 9
CravathSwaine&Moore 4 4.72 6
CahillGordon&Reindel 5 6.31 5
LinklatersLLP 6 4.32 4
Shearman&SterlingLLP 6 7.49 4
CliffordChanceLLP 8 1.77 2
WeilGotshal&MangesLLP 8 2.96 2
CMS 10 0.33 1
FreshfieldsBruckhausDeringer 10 1.35 1
Kirkland&Ellis 10 1.32 1
MilbankTweedHadley&McCloyLLP
10 1.01 1
Sullivan&Cromwell 10 1.97 1
Vinson&ElkinsLLP 10 1.80 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page43
Sukuk&IslamicFinancingSukuk&IslamicFinancing:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
CliffordChanceLLP 1 27.884 3,000 2 6 3.433 24.451
ZaidIbrahim&Co 2 13.994 1,506 6 8 3.262 10.732
AdnanSundra&Low 3 13.845 1,490 9 5 3.977 9.868
ShookLin&Bok 4 13.105 1,410 8 4 5.322 7.783
Allen&OveryLLP 5 10.878 1,170 7 2 22.833 -11.955
Maples&Calder 6 8.675 933 1 - - 8.675
HishamSobri&Kadir 7 4.904 528 5 12 1.686 3.218
Latham&WatkinsLLP 8 4.647 500 1 11 1.717 2.930
LeeHishammuddinAllen&Gledhill
9 0.919 99 3 - - 0.919
MessrsZulRafique&Partners 10 0.528 57 17 - - 0.528
Warens&Partners 11 0.334 36 2 - - 0.334
Thamrin&Rachman 12 0.289 31 2 19 0.099 0.190
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 10,758 63 100%
Sukuk&IslamicFinancing:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
MessrsZulRafique&Partners 1 0.53 17
AdnanSundra&Low 2 13.84 9
ShookLin&Bok 3 13.10 8
Allen&OveryLLP 4 10.88 7
ZaidIbrahim&Co 5 13.99 6
HishamSobri&Kadir 6 4.90 5
LeeHishammuddinAllen&Gledhill
7 0.92 3
CliffordChanceLLP 8 27.88 2
Thamrin&Rachman 8 0.29 2
Warens&Partners 8 0.33 2
Latham&WatkinsLLP 11 4.65 1
Maples&Calder 11 8.67 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page44
Sukuk&IslamicFinancingSukuk&IslamicFinancing:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Allen&OveryLLP 1 29.373 4,150 6 4 10.436 18.937
AdnanSundra&Low 2 24.592 3,475 36 5 5.866 18.726
Latham&WatkinsLLP 3 10.144 1,433 2 1 28.900 -18.756
LinklatersLLP 4 9.348 1,321 2 3 11.319 -1.971
ZaidIbrahim&Co 5 8.329 1,177 16 8 3.246 5.083
HishamSobri&Kadir 6 6.110 863 6 6 5.711 0.399
KadirAndri&Partners 7 4.717 666 30 16 0.719 3.998
Christopher&LeeOng 8 4.532 640 3 13 1.565 2.967
BakerMcKenzie 9 0.950 134 1 20 0.150 0.800
Albar&Partners 10 0.943 133 24 15 1.117 -0.174
ShearnDelamore&Co 11 0.418 59 2 19 0.364 0.054
ZulRafique&Partners 12 0.345 49 1 12 1.579 -1.234
LeeHishammuddinAllen&Gledhill
13 0.137 19 1 21 0.150 -0.013
RajaEleenaSiewAng&Associates
14 0.055 8 1 - - 0.055
ShookLin&Bok 15 0.008 1 8 - - 0.008
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 14,128 139 100%
Sukuk&IslamicFinancing:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
AdnanSundra&Low 1 24.59 36
KadirAndri&Partners 2 4.72 30
Albar&Partners 3 0.94 24
ZaidIbrahim&Co 4 8.33 16
ShookLin&Bok 5 0.01 8
Allen&OveryLLP 6 29.37 6
HishamSobri&Kadir 6 6.11 6
Christopher&LeeOng 8 4.53 3
Latham&WatkinsLLP 9 10.14 2
LinklatersLLP 9 9.35 2
ShearnDelamore&Co 9 0.42 2
BakerMcKenzie 12 0.95 1
LeeHishammuddinAllen&Gledhill
12 0.14 1
RajaEleenaSiewAng&Associates
12 0.05 1
ZulRafique&Partners 12 0.35 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page45
GCCSukukGCCSukuk:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Maples&Calder 1 40.883 933 1 - - 40.883
Allen&OveryLLP 2 37.214 850 6 2 15.340 21.874
Latham&WatkinsLLP 3 21.903 500 1 6 2.894 19.009
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 2,282 8 100%
GCCSukuk:LegalAdviser-IssuerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Allen&OveryLLP 1 37.21 6
Latham&WatkinsLLP 2 21.90 1
Maples&Calder 2 40.88 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page46
GCCSukukGCCSukuk:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Allen&OveryLLP 1 63.039 4,150 6 2 18.284 44.755
Latham&WatkinsLLP 2 21.771 1,433 2 1 50.633 -28.862
LinklatersLLP 3 15.190 1,000 1 3 14.205 0.985
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 6,583 9 100%
GCCSukuk:LegalAdviser-ManagerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Allen&OveryLLP 1 63.04 6
Latham&WatkinsLLP 2 21.77 2
LinklatersLLP 3 15.19 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page47
EMEALoansEMEALoans:LegalAdviser-LenderRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Allen&OveryLLP 1 31.173 63,408 76 1 27.866 3.307
CliffordChanceLLP 2 20.772 42,253 47 2 25.537 -4.765
LinklatersLLP 3 9.912 20,161 23 4 4.865 5.047
HerbertSmithFreehills 4 5.433 11,052 9 28 0.208 5.225
Latham&WatkinsLLP 5 3.912 7,957 13 3 10.485 -6.573
White&CaseLLP 6 3.354 6,822 16 5 4.369 -1.015
Dentons 7 3.351 6,817 17 6 4.222 -0.871
AshurstLLP 8 2.718 5,529 5 13 1.056 1.662
HoganLovellsUSLLP 9 2.453 4,989 13 12 1.131 1.322
CahillGordon&Reindel 10 1.924 3,914 9 8 2.123 -0.199
DavisPolk&Wardwell 11 1.799 3,659 4 25 0.283 1.516
DEPardieuBrocasMaffei 12 1.204 2,450 2 - - 1.204
BA-HR 13 0.986 2,005 2 42 0.117 0.869
WeilGotshal&MangesLLP 14 0.901 1,833 6 7 2.313 -1.412
GKCPartners 15 0.568 1,155 5 - - 0.568
NortonRoseFulbrightLLP 16 0.552 1,123 5 10 1.493 -0.941
Cuatrecasas 17 0.544 1,106 8 24 0.301 0.243
HengelerMueller 18 0.492 1,000 1 - - 0.492
CMS 19 0.490 996 3 58 0.045 0.445
FaskenMartineauDuMoulinLLP
20 0.453 921 2 84 0.002 0.451
TOTAL 100% 203,409 339 100%
EMEALoans:LegalAdviser-LenderRankedbyDealCount
Firm Rank MktShare(%) DealCount
Allen&OveryLLP 1 31.17 76
CliffordChanceLLP 2 20.77 47
LinklatersLLP 3 9.91 23
Dentons 4 3.35 17
White&CaseLLP 5 3.35 16
HoganLovellsUSLLP 6 2.45 13
Latham&WatkinsLLP 6 3.91 13
CahillGordon&Reindel 8 1.92 9
HerbertSmithFreehills 8 5.43 9
WatsonFarley&Williams 8 0.36 9
Cuatrecasas 11 0.54 8
BakerMcKenzie 12 0.38 7
DLAPiperLLP 13 0.19 6
WeilGotshal&MangesLLP 13 0.90 6
AshurstLLP 15 2.72 5
GKCPartners 15 0.57 5
NortonRoseFulbrightLLP 15 0.55 5
BowmanGilfillan 18 0.20 4
DavisPolk&Wardwell 18 1.80 4
GomezAcebo&Pombo 18 0.09 4
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page48
EMEALoansEMEALoans:LegalAdviser-BorrowerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(EUR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Latham&WatkinsLLP 1 13.958 17,068 14 4 4.900 9.058
CliffordChanceLLP 2 13.130 16,056 25 2 12.928 0.202
Allen&OveryLLP 3 10.356 12,663 21 1 19.611 -9.255
Sullivan&Cromwell 4 5.111 6,250 1 8 3.358 1.753
LinklatersLLP 5 4.846 5,926 6 3 6.506 -1.660
SlaughterandMay 6 4.399 5,379 7 5 4.160 0.239
BakerMcKenzie 7 3.921 4,794 6 13 2.074 1.847
White&CaseLLP 8 3.561 4,354 10 10 2.690 0.871
HengelerMueller 9 2.453 3,000 1 17 1.571 0.882
OrrickHerrington&SutcliffeLLP
10 2.044 2,500 1 25 0.758 1.286
StudioLegaleOrrick 10 2.044 2,500 1 - - 2.044
GideLoyretteNouel 12 2.033 2,486 2 - - 2.033
Shearman&SterlingLLP 13 1.852 2,265 1 - - 1.852
WeilGotshal&MangesLLP 14 1.845 2,257 6 7 3.635 -1.790
WiersholmAdvokatfirmaAS 15 1.640 2,005 2 64 0.161 1.479
AshurstLLP 16 1.251 1,530 3 24 0.761 0.490
Simmons&Simmons 17 1.250 1,529 3 36 0.346 0.904
KPMGCorpFinance 18 1.237 1,513 1 - - 1.237
CMS 19 1.222 1,495 1 19 1.071 0.151
MorganLewis&BockiusLLP 20 1.166 1,426 1 67 0.157 1.009
TOTAL 100% 122,280 214 100%
EMEALoans:LegalAdviser-BorrowerRankedbyDealCount
Firm RankMkt
Share(%) DealCount
CliffordChanceLLP 1 13.13 25
Allen&OveryLLP 2 10.36 21
Latham&WatkinsLLP 3 13.96 14
White&CaseLLP 4 3.56 10
SlaughterandMay 5 4.40 7
BakerMcKenzie 6 3.92 6
EdwardNathanSonnenbergs
6 0.27 6
LinklatersLLP 6 4.85 6
WeilGotshal&MangesLLP 6 1.85 6
Dentons 10 0.80 5
GarriguesAbogados 10 0.56 5
DLAPiperLLP 12 0.71 4
UriaMenendezLawFirm 12 0.07 4
AshurstLLP 14 1.25 3
HerbertSmithFreehills 14 0.63 3
Simmons&Simmons 14 1.25 3
WebberWentzel 14 0.15 3
Cuatrecasas 18 0.13 2
DavisPolk&Wardwell 18 0.83 2
Dechert 18 0.70 2
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page49
Asiaex-JapanEquityIPOAsiaex-JapanEquityIPO:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
King&WoodMallesons 1 17.457 10,662 19 1 8.785 8.672
SkaddenArpsSlateMeagher&FlomLLP
2 10.030 6,126 17 83 0.156 9.874
Maples&Calder 3 9.485 5,793 31 26 1.161 8.324
FreshfieldsBruckhausDeringer 4 6.132 3,745 1 9 2.547 3.585
JunHeLLP 5 4.179 2,552 10 13 1.816 2.363
CyrilAmarchandMangaldas 6 3.449 2,107 6 20 1.660 1.789
ZhongLunLawFirm 7 3.419 2,088 7 3 4.615 -1.196
HanKunLawOffice 8 2.897 1,769 4 71 0.219 2.678
Walkers 9 2.681 1,637 14 100 0.085 2.596
GrandallLawFirm 10 2.678 1,636 15 2 6.652 -3.974
Jingtian&Gongcheng 11 2.504 1,529 19 75 0.192 2.312
LlinksLawOffice 12 2.210 1,350 2 35 0.855 1.355
BeijingKangDaLawFirm 13 1.960 1,197 6 28 1.104 0.856
Khaitan&Co 14 1.633 997 3 31 0.932 0.701
CliffordChanceLLP 15 1.432 875 5 19 1.669 -0.237
C&TPartners 16 1.385 846 3 25 1.174 0.211
Commerce&FinanceLawOffices 17 1.370 836 10 59 0.325 1.045
FangdaPartners 18 1.342 820 6 39 0.698 0.644
SidleyAustinLLP 19 1.148 701 9 122 0.045 1.103
ConyersDill&Pearman 20 1.054 644 52 33 0.896 0.158
TOTAL 100% 61,076 375 100%
Asiaex-JapanEquityIPO:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
ConyersDill&Pearman 1 1.05 52
Appleby 2 0.34 43
Maples&Calder 3 9.49 31
Jingtian&Gongcheng 4 2.50 19
King&WoodMallesons 4 17.46 19
MVKini&Co 6 0.07 18
SkaddenArpsSlateMeagher&FlomLLP
7 10.03 17
GrandallLawFirm 8 2.68 15
Kanga&Co 9 0.11 14
Walkers 9 2.68 14
TianYuanLawFirm 11 0.89 12
ShuJinLawFirm 12 0.54 11
Commerce&FinanceLawOffices 13 1.37 10
JunHeLLP 13 4.18 10
AllbrightLawOffice 15 0.81 9
SidleyAustinLLP 15 1.15 9
BeijingDehengLaw 17 0.43 7
CFNLawyersinAssociationwithBroad&Brig
17 0.04 7
Rajah&Tann 17 0.11 7
RajaniAssociates 17 0.03 7
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page50
Asiaex-JapanEquityIPOAsiaex-JapanEquityIPO:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
CliffordChanceLLP 1 12.244 6,260 6 1 15.482 -3.238
DavisPolk&Wardwell 2 9.359 4,784 8 42 0.350 9.009
ZhongLunLawFirm 3 9.226 4,717 5 39 0.389 8.837
FangdaPartners 4 9.105 4,655 4 36 0.490 8.615
Jingtian&Gongcheng 5 8.600 4,397 11 9 3.424 5.176
Commerce&FinanceLawOffices
6 7.126 3,643 12 7 3.771 3.355
GrandallLawFirm 7 3.746 1,915 7 2 7.785 -4.039
Latham&WatkinsLLP 8 3.249 1,661 7 18 1.758 1.491
King&WoodMallesons 9 3.211 1,642 13 22 1.126 2.085
HanKunLawOffice 10 3.099 1,584 6 - - 3.099
Allen&OveryLLP 11 2.837 1,450 2 34 0.541 2.296
Kirkland&Ellis 12 2.569 1,313 7 41 0.367 2.202
PaulHastingsLLP 13 2.225 1,137 3 4 5.220 -2.995
FreshfieldsBruckhausDeringer 14 2.028 1,037 6 43 0.326 1.702
SidleyAustinLLP 15 1.949 996 13 6 4.466 -2.517
CyrilAmarchandMangaldas 16 1.665 851 3 26 0.935 0.730
JunHeLLP 17 1.521 778 5 10 3.296 -1.775
Khaitan&Co 18 1.319 674 4 31 0.762 0.557
BaeKim&Lee 19 0.978 500 1 17 1.813 -0.835
S&RAssociates 20 0.896 458 3 13 2.458 -1.562
TOTAL 100% 51,123 211 100%
Asiaex-JapanEquityIPO:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
NortonRoseFulbrightLLP 1 0.50 15
King&WoodMallesons 2 3.21 13
SidleyAustinLLP 2 1.95 13
Commerce&FinanceLawOffices
4 7.13 12
Jingtian&Gongcheng 5 8.60 11
WilsonSonsiniGoodrich&Rosati
6 0.76 10
DavisPolk&Wardwell 7 9.36 8
Loeb&LoebLLP 7 0.26 8
GrandallLawFirm 9 3.75 7
Kirkland&Ellis 9 2.57 7
Latham&WatkinsLLP 9 3.25 7
CliffordChanceLLP 12 12.24 6
FreshfieldsBruckhausDeringer
12 2.03 6
GlobalLawOffice 12 0.08 6
HanKunLawOffice 12 3.10 6
TianYuanLawFirm 12 0.59 6
DSCheung&Co 17 0.10 5
DavidFong&Co 17 0.14 5
Haiwen&Partners 17 0.81 5
JunHeLLP 17 1.52 5
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page51
Asiaex-JapanEquityLinkedAsiaex-JapanEquityLinked:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
SidleyAustinLLP 1 22.600 4,296 2 - - 22.600
King&WoodMallesons 2 17.391 3,306 3 1 53.967 -36.576
C&TPartners 3 8.531 1,622 4 12 1.107 7.424
JiaYuanLawFirm 4 6.150 1,169 3 - - 6.150
JunHeLLP 5 5.329 1,013 3 - - 5.329
HerbertSmithFreehills 6 5.261 1,000 1 - - 5.261
GrandallLawFirm 7 4.889 929 8 7 3.371 1.518
Commerce&FinanceLawOffices
8 2.992 569 2 - - 2.992
ZhejiangT&CLawFirm 9 2.473 470 2 - - 2.473
BeijingGrandwayLawOffices 10 2.194 417 2 - - 2.194
King&CapitalLawyers 11 2.007 382 1 - - 2.007
ZhongLunLawFirm 12 2.006 381 2 - - 2.006
Latham&WatkinsLLP 13 1.710 325 1 - - 1.710
Allen&OveryLLP 14 1.688 321 1 - - 1.688
AllbrightLawOffice 15 1.664 316 3 - - 1.664
Shearman&SterlingLLP 16 1.579 300 1 - - 1.579
ClearyGottliebSteen&Hamilton
17 1.500 285 1 - - 1.500
HubeiTodayLawyer 18 1.386 263 1 - - 1.386
LinklatersLLP 19 1.339 255 1 - - 1.339
SimpsonThacher&Bartlett 20 1.315 250 1 - - 1.315
TOTAL 100% 19,008 54 100%
Asiaex-JapanEquityLinked:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
GrandallLawFirm 1 4.89 8
C&TPartners 2 8.53 4
AllbrightLawOffice 3 1.66 3
JiaYuanLawFirm 3 6.15 3
JunHeLLP 3 5.33 3
King&WoodMallesons 3 17.39 3
Allen&Gledhill 7 1.22 2
BeijingGrandwayLawOffices 7 2.19 2
Commerce&FinanceLawOffices
7 2.99 2
SidleyAustinLLP 7 22.60 2
TianYuanLawFirm 7 0.70 2
ZhejiangT&CLawFirm 7 2.47 2
ZhongLunLawFirm 7 2.01 2
Allen&OveryLLP 14 1.69 1
BeijingDehengLaw 14 0.65 1
BeijingHairunTianruiLawFirm
14 0.74 1
ChanganLawFirm 14 0.16 1
ChinaCommercialLawCo 14 0.54 1
ClearyGottliebSteen&Hamilton
14 1.50 1
GuantaoZhongmaoLawFirm 14 0.78 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page52
Asiaex-JapanEquityLinkedAsiaex-JapanEquityLinked:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
LinklatersLLP 1 43.133 4,392 10 1 71.067 -27.934
DavisPolk&Wardwell 2 31.757 3,234 3 - - 31.757
Latham&WatkinsLLP 3 12.276 1,250 2 3 4.920 7.356
CliffordChanceLLP 4 5.880 599 1 - - 5.880
Allen&OveryLLP 5 3.192 325 1 - - 3.192
PaulHastingsLLP 6 2.800 285 1 - - 2.800
GrandallLawFirm 7 0.935 95 1 - - 0.935
Teh&Lee 8 0.019 2 5 4 0.165 -0.146
GlobalLawOffice 9 0.004 0.42 1 - - 0.004
StephensonHarwood 9 0.004 0.42 1 - - 0.004
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 10,182 24 100%
Asiaex-JapanEquityLinked:LegalAdviser-ManagerRankedbyDealCount
Firm Rank MktShare(%) DealCount
LinklatersLLP 1 43.13 10
Teh&Lee 2 0.02 5
DavisPolk&Wardwell 3 31.76 3
Latham&WatkinsLLP 4 12.28 2
Allen&OveryLLP 5 3.19 1
CliffordChanceLLP 5 5.88 1
GlobalLawOffice 5 0.00 1
GrandallLawFirm 5 0.93 1
PaulHastingsLLP 5 2.80 1
StephensonHarwood 5 0.00 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page53
Asiaex-JapanIssuerG3CurrencyBondsAsiaex-JapanIssuerG3CurrencyBonds:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
LinklatersLLP 1 29.388 28,900 64 1 28.735 0.653
DavisPolk&Wardwell 2 9.976 9,810 13 12 1.879 8.097
Allen&OveryLLP 3 9.536 9,377 20 6 4.819 4.717
CliffordChanceLLP 4 9.178 9,025 16 8 2.746 6.432
Latham&WatkinsLLP 5 8.559 8,416 14 3 6.154 2.405
ClearyGottliebSteen&Hamilton 6 5.779 5,683 9 5 4.841 0.938
SidleyAustinLLP 7 4.320 4,248 14 2 13.466 -9.146
FreshfieldsBruckhausDeringer 8 2.915 2,867 6 9 2.688 0.227
King&WoodMallesons 9 2.253 2,216 9 13 1.692 0.561
SkaddenArpsSlateMeagher&FlomLLP
10 2.034 2,000 3 4 5.619 -3.585
Allen&Gledhill 11 1.653 1,625 5 17 0.975 0.678
Jingtian&Gongcheng 12 1.349 1,326 5 25 0.572 0.777
HerbertSmithFreehills 13 1.283 1,262 3 11 2.546 -1.263
Shearman&SterlingLLP 14 1.119 1,100 4 10 2.592 -1.473
CravathSwaine&Moore 15 1.014 997 2 - - 1.014
BakerMcKenzie 16 1.004 987 4 21 0.679 0.325
White&CaseLLP 17 0.915 900 3 51 0.102 0.813
ConyersDill&Pearman 18 0.895 880 3 27 0.475 0.420
MilbankTweedHadley&McCloyLLP
19 0.780 767 3 28 0.430 0.350
NortonRoseFulbrightLLP 20 0.746 733 2 32 0.340 0.406
TOTAL 100% 98,337 192 100%
Asiaex-JapanIssuerG3CurrencyBonds:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
LinklatersLLP 1 29.39 64
Allen&OveryLLP 2 9.54 20
CliffordChanceLLP 3 9.18 16
Latham&WatkinsLLP 4 8.56 14
SidleyAustinLLP 4 4.32 14
DavisPolk&Wardwell 6 9.98 13
ClearyGottliebSteen&Hamilton 7 5.78 9
King&WoodMallesons 7 2.25 9
FreshfieldsBruckhausDeringer 9 2.92 6
Allen&Gledhill 10 1.65 5
Jingtian&Gongcheng 10 1.35 5
BakerMcKenzie 12 1.00 4
Shearman&SterlingLLP 12 1.12 4
ConyersDill&Pearman 14 0.89 3
HerbertSmithFreehills 14 1.28 3
MilbankTweedHadley&McCloyLLP
14 0.78 3
SkaddenArpsSlateMeagher&FlomLLP
14 2.03 3
White&CaseLLP 14 0.92 3
Commerce&FinanceLawOffices 19 0.25 2
CravathSwaine&Moore 19 1.01 2
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page54
Asiaex-JapanIssuerG3CurrencyBondsAsiaex-JapanIssuerG3CurrencyBonds:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Allen&OveryLLP 1 25.273 24,448 55 2 18.990 6.283
LinklatersLLP 2 24.076 23,289 59 3 18.603 5.473
CliffordChanceLLP 3 14.001 13,544 29 4 15.698 -1.697
Latham&WatkinsLLP 4 8.557 8,277 16 9 1.636 6.921
DavisPolk&Wardwell 5 5.763 5,575 16 1 20.174 -14.411
Shearman&SterlingLLP 6 4.342 4,200 9 5 5.301 -0.959
ClearyGottliebSteen&Hamilton
7 3.773 3,650 4 7 1.773 2.000
Jingtian&Gongcheng 8 2.404 2,325 10 17 0.651 1.753
NortonRoseFulbrightLLP 9 2.311 2,236 2 33 0.152 2.159
SimpsonThacher&Bartlett 10 2.119 2,050 6 12 1.121 0.998
SidleyAustinLLP 11 2.016 1,950 6 14 1.000 1.016
King&WoodMallesons 12 0.946 915 3 6 2.613 -1.667
HerbertSmithFreehills 13 0.879 850 3 - - 0.879
FreshfieldsBruckhausDeringer 14 0.620 600 2 21 0.343 0.277
AshurstLLP 15 0.517 500 1 16 0.667 -0.150
PaulHastingsLLP 15 0.517 500 2 27 0.212 0.305
MayerBrownLLP 17 0.468 452 1 29 0.182 0.286
CahillGordon&Reindel 18 0.411 398 1 31 0.173 0.238
GrandallLawFirm 19 0.258 250 1 27 0.212 0.046
Commerce&FinanceLawOffices
20 0.207 200 1 15 0.933 -0.726
TOTAL 100% 96,733 205 100%
Asiaex-JapanIssuerG3CurrencyBonds:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
LinklatersLLP 1 24.08 59
Allen&OveryLLP 2 25.27 55
CliffordChanceLLP 3 14.00 29
DavisPolk&Wardwell 4 5.76 16
Latham&WatkinsLLP 4 8.56 16
Jingtian&Gongcheng 6 2.40 10
Shearman&SterlingLLP 7 4.34 9
SidleyAustinLLP 8 2.02 6
SimpsonThacher&Bartlett 8 2.12 6
ClearyGottliebSteen&Hamilton
10 3.77 4
HerbertSmithFreehills 11 0.88 3
King&WoodMallesons 11 0.95 3
FreshfieldsBruckhausDeringer
13 0.62 2
NortonRoseFulbrightLLP 13 2.31 2
PaulHastingsLLP 13 0.52 2
AshurstLLP 16 0.52 1
CahillGordon&Reindel 16 0.41 1
Commerce&FinanceLawOffices
16 0.21 1
CravathSwaine&Moore 16 0.16 1
GlobalLawOffice 16 0.10 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page55
SingaporeDollarBondsSingaporeDollarBonds:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm Rank MktShare(%) Volume(SGDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Allen&Gledhill 1 63.882 2,975 7 1 57.785 6.097
ShookLin&Bok 2 9.813 457 4 5 4.069 5.744
Rajah&Tann 3 8.589 400 2 4 4.379 4.210
WongPartnershipLLP 4 6.442 300 1 6 3.908 2.534
Allen&OveryLLP 5 5.905 275 1 8 1.769 4.136
Latham&WatkinsLLP 6 3.221 150 1 9 1.327 1.894
LinklatersLLP 7 2.147 100 1 2 14.843 -12.696
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 4,657 17 100%
SingaporeDollarBonds:LegalAdviser-IssuerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Allen&Gledhill 1 63.88 7
ShookLin&Bok 2 9.81 4
Rajah&Tann 3 8.59 2
Allen&OveryLLP 4 5.91 1
Latham&WatkinsLLP 4 3.22 1
LinklatersLLP 4 2.15 1
WongPartnershipLLP 4 6.44 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page56
SingaporeDollarBondsSingaporeDollarBonds:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm Rank MktShare(%) Volume(SGDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
WongPartnershipLLP 1 37.627 1,700 4 8 2.349 35.278
Allen&Gledhill 2 26.295 1,188 7 2 19.251 7.044
Allen&OveryLLP 3 23.904 1,080 8 1 39.090 -15.186
LinklatersLLP 4 6.640 300 1 3 16.706 -10.066
CliffordChanceLLP 5 3.320 150 1 4 7.015 -3.695
DavisPolk&Wardwell 6 2.213 100 1 - - 2.213
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 4,518 22 100%
SingaporeDollarBonds:LegalAdviser-ManagerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Allen&OveryLLP 1 23.90 8
Allen&Gledhill 2 26.29 7
WongPartnershipLLP 3 37.63 4
CliffordChanceLLP 4 3.32 1
DavisPolk&Wardwell 4 2.21 1
LinklatersLLP 4 6.64 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page57
ChinaEquityIPOChinaEquityIPO:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(CNY
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
King&WoodMallesons 1 33.641 35,414 7 5 8.481 25.160
ZhongLunLawFirm 2 8.854 9,320 4 2 9.275 -0.421
LlinksLawOffice 3 8.249 8,684 2 16 1.758 6.491
BeijingKangDaLawFirm 4 7.376 7,765 6 12 2.275 5.101
GrandallLawFirm 5 6.385 6,721 11 1 13.150 -6.765
C&TPartners 6 5.083 5,350 3 9 2.428 2.655
BeijingGrandwayLawOffices 7 3.443 3,625 5 3 8.655 -5.212
FangdaPartners 8 3.063 3,224 2 33 0.595 2.468
AllbrightLawOffice 9 2.896 3,049 4 4 8.565 -5.669
T&CLawFirm 10 2.477 2,608 6 - - 2.477
JunHeLLP 11 2.221 2,338 4 8 3.443 -1.222
Commerce&FinanceLawOffices
12 1.923 2,024 1 45 0.311 1.612
ShuJinLawFirm 13 1.805 1,900 3 7 3.468 -1.663
FujianZenithLawFirm 14 1.603 1,688 1 19 1.063 0.540
GFLawFirmShanghai 15 1.556 1,638 3 17 1.289 0.267
BeijingDehengLaw 16 1.544 1,626 3 6 5.751 -4.207
HunanQiyuanLawFirm 17 1.335 1,406 2 11 2.294 -0.959
JiaYuanLawFirm 18 0.970 1,021 1 10 2.348 -1.378
BeijingHairunTianruiLawFirm 19 0.887 934 2 - - 0.887
BeijingJunZeJunLawOffices 20 0.881 927 1 20 1.041 -0.160
TOTAL 100% 105,269 79 100%
ChinaEquityIPO:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
GrandallLawFirm 1 6.38 11
King&WoodMallesons 2 33.64 7
BeijingKangDaLawFirm 3 7.38 6
T&CLawFirm 3 2.48 6
BeijingGrandwayLawOffices 5 3.44 5
AllbrightLawOffice 6 2.90 4
JunHeLLP 6 2.22 4
ZhongLunLawFirm 6 8.85 4
BeijingDehengLaw 9 1.54 3
C&TPartners 9 5.08 3
GFLawFirmShanghai 9 1.56 3
ShuJinLawFirm 9 1.80 3
BeijingHairunTianruiLawFirm
13 0.89 2
Dentons 13 0.60 2
FangdaPartners 13 3.06 2
HunanQiyuanLawFirm 13 1.34 2
LlinksLawOffice 13 8.25 2
BastionLawFirm 18 0.80 1
BeijingJunZeJunLawOffices 18 0.88 1
ChinaCommercialLawCo 18 0.21 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page58
IndiaEquityOfferingsIndiaEquityOfferings:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
CyrilAmarchandMangaldas 1 38.671 187,995 11 1 29.519 9.152
Khaitan&Co 2 16.569 80,550 8 4 9.363 7.206
Luthra&LuthraLawOffices 3 12.073 58,693 4 8 2.611 9.462
AZB&Partners 4 10.998 53,463 3 2 22.761 -11.763
ShardulAmarchandMangaldas&Co
5 6.275 30,504 4 5 9.192 -2.917
JSagarAssociates 6 4.212 20,477 5 6 7.000 -2.788
CravathSwaine&Moore 7 2.854 13,875 1 - - 2.854
DSKLegal 8 1.977 9,609 1 - - 1.977
CrawfordBayley&Co 9 1.873 9,106 5 9 1.149 0.724
Kanga&Co 10 0.988 4,801 15 15 0.179 0.809
SNG&Partners 11 0.902 4,384 1 - - 0.902
MVKini&Co 12 0.587 2,855 18 13 0.475 0.112
JPSLegal 13 0.319 1,553 5 22 0.032 0.287
RajaniAssociates 14 0.272 1,323 7 27 0.019 0.253
JoyMukherjee&Associates 15 0.246 1,198 2 - - 0.246
Desai&Diwanji 16 0.228 1,106 4 21 0.040 0.188
LinkLegalIndiaLawServices 17 0.206 1,000 1 - - 0.206
Law&LegalJurists 18 0.180 876 3 23 0.024 0.156
JurisMatrixPartnersLLP 19 0.099 482 2 - - 0.099
MMJC&AssociatesLLP 20 0.097 470 2 26 0.019 0.078
TOTAL 100% 486,139 117 100%
IndiaEquityOfferings:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
MVKini&Co 1 0.59 18
Kanga&Co 2 0.99 15
CyrilAmarchandMangaldas 3 38.67 11
Khaitan&Co 4 16.57 8
RajaniAssociates 5 0.27 7
CrawfordBayley&Co 6 1.87 5
JSagarAssociates 6 4.21 5
JPSLegal 6 0.32 5
Desai&Diwanji 9 0.23 4
Luthra&LuthraLawOffices 9 12.07 4
ShahAdvocates 9 0.06 4
ShardulAmarchandMangaldas&Co
9 6.27 4
AZB&Partners 13 11.00 3
Law&LegalJurists 13 0.18 3
MishraAndMishraAdvocates 13 0.07 3
JoyMukherjee&Associates 16 0.25 2
JurisMatrixPartnersLLP 16 0.10 2
LegaleyeAssociates 16 0.04 2
MMJC&AssociatesLLP 16 0.10 2
VedantaLawChambers 16 0.04 2
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page59
IndiaEquityOfferingsIndiaEquityOfferings:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(INR
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
JSagarAssociates 1 19.760 110,277 3 17 0.506 19.254
CyrilAmarchandMangaldas 2 12.080 67,414 5 8 3.637 8.443
Khaitan&Co 3 9.630 53,740 6 7 6.897 2.733
SidleyAustinLLP 4 7.622 42,537 5 9 2.565 5.057
CliffordChanceLLP 5 6.770 37,780 3 5 8.884 -2.114
DavisPolk&Wardwell 6 5.635 31,449 2 - - 5.635
S&RAssociates 7 5.387 30,061 3 6 7.862 -2.475
AZB&Partners 8 5.173 28,872 3 21 0.231 4.942
Luthra&LuthraLawOffices 9 4.391 24,508 6 2 17.336 -12.945
Latham&WatkinsLLP 10 4.169 23,269 3 12 1.302 2.867
FreshfieldsBruckhausDeringer 11 3.175 17,717 2 - - 3.175
Trilegal 12 3.135 17,498 1 10 2.335 0.800
Simmons&Simmons 13 2.818 15,725 1 - - 2.818
DuaneMorris&SelvamLLP 14 2.591 14,460 5 16 0.521 2.070
SquireSanders 15 2.180 12,169 6 17 0.506 1.674
ShardulAmarchandMangaldas&Co
16 1.743 9,729 1 1 18.299 -16.556
Dentons 17 1.699 9,480 1 - - 1.699
MilbankTweedHadley&McCloyLLP
18 1.075 6,000 1 11 1.938 -0.863
BakerMcKenzie 19 0.585 3,267 1 - - 0.585
HerbertSmithFreehills 20 0.380 2,123 1 3 12.560 -12.180
TOTAL 100% 558,074 37 100%
IndiaEquityOfferings:LegalAdviser-ManagerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
Khaitan&Co 1 9.63 6
Luthra&LuthraLawOffices 1 4.39 6
SquireSanders 1 2.18 6
CyrilAmarchandMangaldas 4 12.08 5
DuaneMorris&SelvamLLP 4 2.59 5
SidleyAustinLLP 4 7.62 5
AZB&Partners 7 5.17 3
CliffordChanceLLP 7 6.77 3
JSagarAssociates 7 19.76 3
Latham&WatkinsLLP 7 4.17 3
S&RAssociates 7 5.39 3
DavisPolk&Wardwell 12 5.64 2
FreshfieldsBruckhausDeringer 12 3.17 2
BakerMcKenzie 14 0.59 1
Dentons 14 1.70 1
HerbertSmithFreehills 14 0.38 1
MilbankTweedHadley&McCloyLLP
14 1.08 1
ShardulAmarchandMangaldas&Co
14 1.74 1
Simmons&Simmons 14 2.82 1
Trilegal 14 3.14 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page60
Australia/NewZealandEquity&RightsOfferingsAustralia/NewZealandEquity&RightsOfferings:LegalAdviser-IssuerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
HerbertSmithFreehills 1 25.053 2,623 6 1 25.863 -0.810
Gilbert+Tobin 2 19.922 2,086 12 4 8.925 10.997
KardosScanlanPtyLtd 3 12.001 1,256 2 5 6.412 5.589
MinterEllison 4 9.011 943 7 39 0.088 8.923
King&WoodMallesons 5 6.095 638 4 2 15.005 -8.910
BellGully 6 5.068 531 1 - - 5.068
Allens 7 3.482 364 8 8 3.636 -0.154
BakerMcKenzie 8 2.621 274 4 6 6.055 -3.434
Allen&OveryLLP 9 2.181 228 1 3 14.874 -12.693
JacksonMcDonald 10 1.814 190 2 38 0.093 1.721
JohnsonWinter&Slattery 11 1.756 184 1 - - 1.756
AshurstLLP 12 1.639 172 3 7 3.754 -2.115
McMahonClarkeLegal 13 1.265 132 1 - - 1.265
DLAPiperLLP 14 1.071 112 5 22 0.406 0.665
HWLEbsworthLawyers 15 0.639 67 3 12 1.076 -0.437
CorrsChambersWestgarth
16 0.635 66 3 35 0.104 0.531
SteinepreisPaganin 17 0.608 64 14 11 1.148 -0.540
ClaytonUtz 18 0.607 64 3 14 0.813 -0.206
MillsOakleyLawyers 19 0.468 49 2 23 0.254 0.214
BellanhouseLegal 20 0.446 47 6 25 0.228 0.218
TOTAL 100% 10,469 128 100%
Australia/NewZealandEquity&RightsOfferings:LegalAdviser-IssuerRankedbyDealCount
Firm RankMkt
Share(%)DealCount
SteinepreisPaganin 1 0.61 14
Gilbert+Tobin 2 19.92 12
Allens 3 3.48 8
MinterEllison 4 9.01 7
BellanhouseLegal 5 0.45 6
HerbertSmithFreehills 5 25.05 6
DLAPiperLLP 7 1.07 5
BakerMcKenzie 8 2.62 4
King&WoodMallesons 8 6.09 4
AshurstLLP 10 1.64 3
ClaytonUtz 10 0.61 3
CorrsChambersWestgarth 10 0.63 3
HWLEbsworthLawyers 10 0.64 3
McCulloughRobertsonLawyers
10 0.22 3
PiperAldermanLawyers 10 0.23 3
ThomsonGeer 10 0.21 3
EdwardsMacScovellLegal 17 0.02 2
JacksonMcDonald 17 1.81 2
K&LGatesLLP 17 0.20 2
KardosScanlanPtyLtd 17 12.00 2
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page61
Australia/NewZealandEquity&RightsOfferingsAustralia/NewZealandEquity&RightsOfferings:LegalAdviser-ManagerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Allens 1 32.877 2,745 7 5 2.793 30.084
SidleyAustinLLP 2 23.717 1,980 1 - - 23.717
BakerMcKenzie 3 13.574 1,133 3 3 21.828 -8.254
Gilbert+Tobin 4 11.613 969 14 2 26.145 -14.532
RussellMcVeagh 5 6.356 531 1 - - 6.356
Allen&OveryLLP 6 3.918 327 6 4 7.278 -3.360
HerbertSmithFreehills 7 2.390 199 2 1 39.920 -37.530
HWLEbsworthLawyers 8 1.926 161 3 - - 1.926
ArnoldBlochLeibler 9 1.351 113 2 - - 1.351
HoganLovellsUSLLP 10 0.942 79 2 - - 0.942
CorrsChambersWestgarth
11 0.554 46 2 - - 0.554
NortonRoseFulbrightLLP 12 0.354 30 1 - - 0.354
FieldfisherLLP 13 0.228 19 1 - - 0.228
MinterEllison 14 0.140 12 1 - - 0.140
Dentons 15 0.061 5 1 - - 0.061
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 8,348 45 100%
Australia/NewZealandEquity&RightsOfferings:LegalAdviser-ManagerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Gilbert+Tobin 1 11.61 14
Allens 2 32.88 7
Allen&OveryLLP 3 3.92 6
BakerMcKenzie 4 13.57 3
HWLEbsworthLawyers 4 1.93 3
ArnoldBlochLeibler 6 1.35 2
CorrsChambersWestgarth 6 0.55 2
HerbertSmithFreehills 6 2.39 2
HoganLovellsUSLLP 6 0.94 2
Dentons 10 0.06 1
FieldfisherLLP 10 0.23 1
MinterEllison 10 0.14 1
NortonRoseFulbrightLLP 10 0.35 1
RussellMcVeagh 10 6.36 1
SidleyAustinLLP 10 23.72 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page62
APACex-JapanLoansAPACex-JapanLoans:LegalAdviser-BorrowerRankedbyVolume
1st3Q2018 1st3Q2017
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Allens 1 12.910 11,633 20 1 9.568 3.342
Kim&Chang 2 9.856 8,880 15 15 1.771 8.085
HerbertSmithFreehills 3 8.758 7,891 12 6 4.438 4.320
Lee&Ko 4 6.720 6,055 7 8 3.278 3.442
King&WoodMallesons 5 6.461 5,821 15 2 9.003 -2.542
CliffordChanceLLP 6 5.508 4,962 4 4 7.126 -1.618
DavisPolk&Wardwell 7 4.655 4,194 1 36 0.509 4.146
MinterEllison 8 3.925 3,536 7 13 2.043 1.882
NortonRoseFulbrightLLP 9 3.612 3,255 9 18 1.566 2.046
Allen&OveryLLP 10 3.068 2,764 2 5 6.399 -3.331
AshurstLLP 11 2.337 2,106 7 3 7.518 -5.181
White&CaseLLP 12 2.172 1,957 2 31 0.626 1.546
ChapmanTripp 13 2.110 1,901 5 24 0.962 1.148
Gilbert+Tobin 14 1.748 1,575 4 16 1.716 0.032
Allen&Gledhill 15 1.739 1,567 3 19 1.506 0.233
BellGully 16 1.728 1,557 6 23 0.965 0.763
Shin&Kim 17 1.718 1,548 8 10 2.634 -0.916
DSLLawyers 18 1.654 1,491 1 - - 1.654
Sherman&Sterling 19 1.332 1,200 1 - - 1.332
BaeKim&Lee 20 1.164 1,049 5 32 0.607 0.557
TOTAL 100% 90,102 204 100%
APACex-JapanLoans:LegalAdviser-BorrowerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Allens 1 12.91 20
Kim&Chang 2 9.86 15
King&WoodMallesons 2 6.46 15
HerbertSmithFreehills 4 8.76 12
NortonRoseFulbrightLLP 5 3.61 9
Shin&Kim 6 1.72 8
AshurstLLP 7 2.34 7
Lee&Ko 7 6.72 7
MinterEllison 7 3.92 7
BellGully 10 1.73 6
BaeKim&Lee 11 1.16 5
ChapmanTripp 11 2.11 5
CHPartners 13 0.66 4
CliffordChanceLLP 13 5.51 4
Gilbert+Tobin 13 1.75 4
Rajah&Tann 13 0.99 4
VincibleLawOffice 13 0.43 4
Allen&Gledhill 18 1.74 3
BakerMcKenzie 18 0.57 3
CorrsChambersWestgarth 18 0.96 3
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page63
APACex-JapanLoansAPACex-JapanLoans:LegalAdviser-LenderRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Lee&Ko 1 8.165 13,521 37 1 7.518 0.647
Allens 2 7.741 12,820 25 14 2.715 5.026
Allen&Gledhill 3 6.528 10,811 15 7 4.206 2.322
BakerMcKenzie 4 6.143 10,173 39 8 4.077 2.066
Allen&OveryLLP 5 5.957 9,864 19 10 3.849 2.108
CliffordChanceLLP 6 5.832 9,658 22 2 6.966 -1.134
King&WoodMallesons 7 5.040 8,346 16 9 4.006 1.034
White&CaseLLP 8 4.128 6,836 16 17 1.926 2.202
HerbertSmithFreehills 9 3.399 5,628 8 4 4.911 -1.512
LinklatersLLP 10 3.278 5,429 10 3 6.100 -2.822
MayerBrownLLP 11 3.060 5,068 6 12 2.839 0.221
Shin&Kim 12 2.813 4,659 14 27 0.895 1.918
AshurstLLP 13 2.681 4,439 13 6 4.297 -1.616
Gilbert+Tobin 14 2.193 3,632 9 23 1.129 1.064
Kim&Chang 15 2.056 3,405 5 20 1.432 0.624
MinterEllison 16 2.052 3,398 10 15 2.386 -0.334
SimpsonThacher&Bartlett
17 1.661 2,750 1 - - 1.661
Walkers 18 1.604 2,657 2 16 2.064 -0.460
NortonRoseFulbrightLLP 19 1.288 2,134 11 21 1.328 -0.040
B&BLegal 20 1.001 1,658 1 90 0.079 0.922
TOTAL 100% 165,602 413 100%
APACex-JapanLoans:LegalAdviser-LenderRankedbyDealCount
Firm RankMkt
Share(%)DealCount
BakerMcKenzie 1 6.14 39
Lee&Ko 2 8.16 37
Allens 3 7.74 25
CliffordChanceLLP 4 5.83 22
Allen&OveryLLP 5 5.96 19
King&WoodMallesons 6 5.04 16
White&CaseLLP 6 4.13 16
Allen&Gledhill 8 6.53 15
Shin&Kim 9 2.81 14
AshurstLLP 10 2.68 13
NortonRoseFulbrightLLP 11 1.29 11
LinklatersLLP 12 3.28 10
MinterEllison 12 2.05 10
CyrilAmarchandMangaldas 14 0.86 9
Gilbert+Tobin 14 2.19 9
HerbertSmithFreehills 16 3.40 8
HadiputrantoHadinoto&Partners
17 0.50 7
BaeKim&Lee 18 0.63 6
JunHeLLP 18 0.93 6
MayerBrownLLP 18 3.06 6
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page64
SingaporeanBorrowerLoansSingaporeBorrowerLoans:LegalAdviser-LenderRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%)
MktShareChg(%)
Allen&Gledhill 1 56.474 7,457 9 1 45.919 10.555
BakerMcKenzie 2 11.913 1,573 3 - - 11.913
CliffordChanceLLP 3 10.739 1,418 2 2 13.451 -2.712
WongPartnershipLLP 4 6.827 901 2 4 10.400 -3.573
Rajah&Tann 5 5.351 707 1 3 11.677 -6.326
Dentons 6 5.131 677 2 - - 5.131
Lee&Lee 7 1.304 172 1 - - 1.304
Allen&OveryLLP 8 0.852 113 1 7 2.474 -1.622
BlakeCassels&GraydonLLP
8 0.852 113 1 - - 0.852
Rodyk&DavidsonLLP 10 0.558 74 1 14 0.452 0.106
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 13,204 21 100%
SingaporeBorrowerLoans:LegalAdviser-LenderRankedbyDealCount
Firm RankMkt
Share(%) DealCount
Allen&Gledhill 1 56.47 9
BakerMcKenzie 2 11.91 3
CliffordChanceLLP 3 10.74 2
Dentons 3 5.13 2
WongPartnershipLLP 3 6.83 2
Allen&OveryLLP 6 0.85 1
BlakeCassels&GraydonLLP
6 0.85 1
Lee&Lee 6 1.30 1
Rajah&Tann 6 5.35 1
Rodyk&DavidsonLLP 6 0.56 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page65
SingaporeanBorrowerLoansSingaporeBorrowerLoans:LegalAdviser-BorrowerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%)Volume(USD
Mln)DealCount
PrevRank
PrevMktShare(%) MktShareChg(%)
Allen&Gledhill 1 43.348 1,427 2 4 9.264 34.084
HerbertSmithFreehills 2 27.337 900 1 - - 27.337
WongPartnershipLLP 3 18.654 614 2 1 41.585 -22.931
Rajah&Tann 4 9.203 303 2 2 20.949 -11.746
HolmanFenwickWillanLLP
5 1.458 48 1 - - 1.458
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 3,292 8 100%
SingaporeBorrowerLoans:LegalAdviser-BorrowerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Allen&Gledhill 1 43.35 2
Rajah&Tann 1 9.20 2
WongPartnershipLLP 1 18.65 2
HerbertSmithFreehills 4 27.34 1
HolmanFenwickWillanLLP 4 1.46 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page66
KoreanBorrowerLoanSouthKoreaBorrowerLoans:LegalAdviser-LenderRankedbyVolume
1st3Q2018 1st3Q2017
Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Lee&Ko 1 50.809 13,521 37 1 65.527 -14.718
Shin&Kim 2 17.351 4,617 13 3 6.562 10.789
Kim&Chang 3 12.795 3,405 5 2 13.161 -0.366
BaeKim&Lee 4 3.897 1,037 6 4 2.565 1.332
Yulchon 5 3.314 882 3 - - 3.314
BakerMcKenzie 6 2.255 600 2 - - 2.255
CHPartners 7 2.239 596 4 8 1.107 1.132
HYUNLaw 8 1.144 304 3 5 2.562 -1.418
YujunLaw 9 1.083 288 3 - - 1.083
FirstAttorneysatLaw 10 1.081 288 3 - - 1.081
NexusLawGroup 11 0.886 236 1 17 0.224 0.662
Daeryook&AJU 12 0.511 136 2 - - 0.511
HwahyunLaw 13 0.478 127 1 - - 0.478
LawGroupIngang 14 0.453 120 1 - - 0.453
BarunLaw 15 0.426 113 2 - - 0.426
HMLaw 16 0.306 81 1 - - 0.306
LeeKim&Partners 17 0.244 65 1 15 0.401 -0.157
JIPYONG 18 0.195 52 1 16 0.235 -0.040
SigongLaw 19 0.193 51 1 12 0.566 -0.373
FirstLawfirm 20 0.175 46 1 6 2.381 -2.206
TOTAL 100% 26,610 92 100%
SouthKoreaBorrowerLoans:LegalAdviser-LenderRankedbyDealCount
Firm Rank MktShare(%) DealCount
Lee&Ko 1 50.81 37
Shin&Kim 2 17.35 13
BaeKim&Lee 3 3.90 6
Kim&Chang 4 12.79 5
CHPartners 5 2.24 4
FirstAttorneysatLaw 6 1.08 3
HYUNLaw 6 1.14 3
YujunLaw 6 1.08 3
Yulchon 6 3.31 3
BakerMcKenzie 10 2.25 2
BarunLaw 10 0.43 2
Daeryook&AJU 10 0.51 2
FirstLawfirm 13 0.17 1
HMLaw 13 0.31 1
HwahyunLaw 13 0.48 1
JIPYONG 13 0.19 1
JehyunLawOffice 13 0.09 1
JoongYongLawFirm 13 0.08 1
LawGroupIngang 13 0.45 1
LeeKim&Partners 13 0.24 1
Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018
BloombergLeagueTableReports Page67
KoreanBorrowerLoanSouthKoreaBorrowerLoans:LegalAdviser-BorrowerRankedbyVolume
1st3Q2018 1st3Q2017
Firm RankMkt
Share(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)
Kim&Chang 1 43.571 8,880 15 3 8.653 34.918
Lee&Ko 2 29.710 6,055 7 1 31.311 -1.601
Shin&Kim 3 7.830 1,596 7 2 25.642 -17.812
BaeKim&Lee 4 5.145 1,049 5 4 5.910 -0.765
CHPartners 5 2.924 596 4 9 2.478 0.446
FirstAttorneysatLaw 6 1.639 334 3 - - 1.639
SimpsonThacher&Bartlett
7 1.627 332 2 - - 1.627
HYUNLaw 8 1.493 304 3 5 5.733 -4.240
YujunLaw 9 1.414 288 3 - - 1.414
NexusLawGroup 10 1.157 236 1 15 0.502 0.655
JIPYONG 11 1.071 218 2 - - 1.071
Yulchon 12 0.824 168 1 - - 0.824
LawGroupIngang 13 0.591 120 1 - - 0.591
BarunLaw 14 0.387 79 1 - - 0.387
LeeKim&Partners 15 0.318 65 1 14 0.620 -0.302
Daeryook&AJU 16 0.179 36 1 - - 0.179
JehyunLawOffice 17 0.119 24 1 - - 0.119
- - - - - - - -
- - - - - - - -
- - - - - - - -
TOTAL 100% 20,380 56 100%
SouthKoreaBorrowerLoans:LegalAdviser-BorrowerRankedbyDealCount
Firm Rank MktShare(%) DealCount
Kim&Chang 1 43.57 15
Lee&Ko 2 29.71 7
Shin&Kim 2 7.83 7
BaeKim&Lee 4 5.15 5
CHPartners 5 2.92 4
FirstAttorneysatLaw 6 1.64 3
HYUNLaw 6 1.49 3
YujunLaw 6 1.41 3
JIPYONG 9 1.07 2
SimpsonThacher&Bartlett 9 1.63 2
BarunLaw 11 0.39 1
Daeryook&AJU 11 0.18 1
JehyunLawOffice 11 0.12 1
LawGroupIngang 11 0.59 1
LeeKim&Partners 11 0.32 1
NexusLawGroup 11 1.16 1
Yulchon 11 0.82 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
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.
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 security.
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.
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
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