Ranking tables

Capital Markets: Debt | Global

Global: Multi-Jurisdictional

Investment grade debt offerings (stand alone bond issues, MTN programs, Commercial Paper programmes); equity-linked offerings (regulatory capital, convertibles and exchangeable offerings) and; High Yield debt offerings. 

All Departments profiles

1

Band 1

  1. A&O Shearman
    1
    A&O Shearman
    Capital Markets: Debt
    2024 | Band 1 | 5 Years Ranked
  2. Clifford Chance LLP
    1
    Clifford Chance LLP
    Capital Markets: Debt
    2024 | Band 1 | 3 Years Ranked

    Clifford Chance is a globally-recognised brand with leading expertise across debt, equity and securitisation within capital markets. The law firm offers:

           • Expertise in a range of debt capital markets issues, and is well versed in investment-grade and green bonds, liability management, sovereign issues and emerging market issuances.

           • Extensive experience of large IPO transactions and listings across a diverse range of markets, including the London Stock Exchange.

           • A widely-recognised capability in US derivatives and leading expertise for structured finance work across Europe and Asia.

           • Familiarity representing the largest global financial institutions and investment banks.

  3. Linklaters
    1
    Linklaters
    Capital Markets: Debt
    2024 | Band 1 | 3 Years Ranked

    Linklaters is a leading UK firm which stands out for the breadth of its expertise in capital markets. The law firm offers:

           • A highly-regarded practice for a wide range of debt issuances, structured lending transactions and IPOs.

           • Strong relationships with many large financial institutions, regularly serving as underwriters' counsel, while also remaining a popular choice for issuers and corporate clients.

           • A highly integrated global team, particularly impressing across Europe and Asia, offering seamless handling of cross-border matters.

           • An impressive ability to win instructions on complex global equity transactions.

2

Band 2

  1. Davis Polk & Wardwell LLP
    2
    Davis Polk & Wardwell LLP
    Capital Markets: Debt
    2024 | Band 2 | 3 Years Ranked

    Davis Polk is a prominent US firm with a significant global profile in capital markets across a range of jurisdictions. The law firm offers:

           • A leading New York-headquartered capital markets group in the USA.

           • A focused team in the UK with a strong emphasis on capital markets that enhances the firm's market share in Europe, particularly in relation to US law issuances by European companies.

           • Impressive Asian and Latin American practices.

           • Experience acting for international corporations and banks on some of the most high-profile IPOs in the global market and on complex high-yield and debt capital transactions.

  2. White & Case LLP
    2
    White & Case LLP
    Capital Markets: Debt
    2024 | Band 2 | 3 Years Ranked

    White & Case is a globally-renowned firm that possesses impressive capabilities in many key financial areas, as well as local law expertise in numerous other jurisdictions. The law firm offers:

           • Particular strength in the debt capital markets space.

           • An excellent track record in high-profile and complex Islamic financing and sukuk matters, as well as in sovereign debt issuances.

           • Long-standing experience in Africa, the Middle East and emerging markets.

  3. Cleary Gottlieb Steen & Hamilton LLP
    Capital Markets: Debt
    2024 | Band 2
  4. Latham & Watkins LLP
    Capital Markets: Debt
    2024 | Band 2
3

Band 3

  1. Cravath, Swaine & Moore LLP
    3
    Cravath, Swaine & Moore LLP
    Capital Markets: Debt
    2024 | Band 3 | 3 Years Ranked

    Cravath, Swaine & Moore has a formidable New York practice with notable strengths in equity, leveraged debt and high-yield debt matters. The law firm offers:

           • Significant strength and cross-border capabilities for high-end transactions, exerting influence globally through high-quality expertise in New York and London.

           • Robust connections with strong independent firms in other jurisdictions.

           • Experience advising a client base of high-end corporations on IPOs, exchangeable securities offerings and preferred stock offerings.

           • Strong relationships with global investment banks, allowing the firm to regularly act as underwriters' counsel in high-yield matters.

  2. Freshfields
    3
    Freshfields
    Capital Markets: Debt
    2024 | Band 3 | 3 Years Ranked

    "I would certainly put them in the category of top-notch firms. Freshfields' team are very hands-on and responsive. They provide solution-oriented professional services which gave me great confidence."

  3. Sidley Austin LLP
    3
    Sidley Austin LLP
    Capital Markets: Debt
    2024 | Band 3 | 3 Years Ranked

    Sidley Austin has a vastly experienced capital markets team with particular proficiency in advising on debt capital transactions, along with structured finance and securitisation. The law firm offers:

           • Experience acting for financial institutions due to its significant focus on the financial sector across its global platform.

           • Knowledge of matters including mortgage and asset-backed securities, CLOs and conduit transactions.

           • Strength in London and Hong Kong and across the USA for securities and debt work, in both investment-grade and non-investment-grade bonds.

  4. Simpson Thacher & Bartlett LLP
    3
    Simpson Thacher & Bartlett LLP
    Capital Markets: Debt
    2024 | Band 3 | 3 Years Ranked

    Simpson Thacher & Bartlett possesses a diverse capital markets practice with extensive expertise in debt, high-yield and equity matters. The law firm offers:

           • Considerable strengths from its US base, with high-end practices across the range of products in New York.

           • Global strength through a well-regarded London high-yield practice and a highly rated team of lawyers across Asia.

           • Substantial experience assisting first-time issuers and a well-regarded private equity practice to complement its global capital markets offering.

  5. Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates
    3
    Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates
    Capital Markets: Debt
    2024 | Band 3 | 3 Years Ranked

    Skadden, Arps, Slate, Meagher & Flom is an internationally-respected firm that offers an impressive spread of capital markets practices across areas of specialism. The law firm offers:

  6. Sullivan & Cromwell LLP
    3
    Sullivan & Cromwell LLP
    Capital Markets: Debt
    2024 | Band 3 | 3 Years Ranked

    Sullivan & Cromwell is a distinguished US firm with a leading equity capital markets practice. The law firm offers:

           • Significant transatlantic capabilities through the combination of its top-tier US team and its impressive London and Frankfurt offices.

           • Broad expertise which includes IPOs, investment-grade debt offerings, collateralised loan obligations and acquisition financing.

           • Strong relationships with, and experience representing, significant underwriter and issuer clients across Asia, Europe and Latin America.

           • Experience in global debt and equity listings with US law components, regardless of origin.