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GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18...

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GLOBAL LEGAL ADVISERS LEAGUE TABLES First 3Q 2018 Preliminary as of 20 September 2018
Transcript
Page 1: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

GLOBAL LEGAL ADVISERS LEAGUE TABLES First 3Q 2018 Preliminary as of 20 September 2018

Page 2: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array of deal types including loans, bonds, equity and M&A transactions; according to Bloomberg standards.

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Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service.

LEGAL CAPITAL MARKETS

DATA SUBMISSIONS AND QUERIES

Equities

Fixed Income

Loans

Contact Email Phone

FIRST 3Q 2018 PRELIMINARY AS OF 20 SEPTEMBER 2018

LEGAL ADVISER RANKINGS

© 2018 Bloomberg Finance L.P. All rights reserved.

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Page 3: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 4: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018

BloombergLeagueTableReports Page2

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

Page 5: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018

BloombergLeagueTableReports Page3

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

Page 6: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018

BloombergLeagueTableReports Page4

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

Page 7: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018

BloombergLeagueTableReports Page5

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

Page 8: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018

BloombergLeagueTableReports Page6

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

Page 9: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018

BloombergLeagueTableReports Page7

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

Page 10: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018

BloombergLeagueTableReports Page8

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

Page 11: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018

BloombergLeagueTableReports Page9

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

Page 12: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 13: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 14: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 15: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 16: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 17: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 18: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 19: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 20: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 21: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 22: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 23: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 24: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 25: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 26: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 27: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 28: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 29: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018

BloombergLeagueTableReports Page27

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

Page 30: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018

BloombergLeagueTableReports Page28

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

Page 31: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 32: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 33: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 34: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018

BloombergLeagueTableReports Page32

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

Page 35: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 36: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2018

BloombergLeagueTableReports Page34

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

Page 37: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 38: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 39: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 40: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 41: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 42: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 43: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 44: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 45: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 46: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 47: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 48: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 49: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 50: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 51: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 52: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 53: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 54: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 55: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 56: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 57: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 58: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 59: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 60: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 61: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 62: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 63: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 64: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 65: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 66: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 67: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 68: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 69: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

Page 70: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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.

Page 71: GLOBAL LEGAL ADVISERS...Cyril Amarchand Mangaldas 17 1.432 5,104 8 91 0.220 1.212 Linklaters LLP 18 1.404 5,004 16 1 5.673 -4.269 Clifford Chance LLP 19 1.381 4,922 18 19 1.238 0.143

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

LEAG<GO>.


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