GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm...

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GLOBAL LEGAL ADVISERS LEAGUE TABLES First 3Q 2019 Preliminary As of 23 September 2019

Transcript of GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm...

Page 1: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

GLOBAL LEGAL ADVISERSLEAGUE TABLESFirst 3Q 2019 PreliminaryAs of 23 September 2019

Page 2: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

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 ADVISER RANKINGS

LEGAL CAPITAL MARKETS

DATA SUBMISSIONS AND QUERIES

Contact EmailPhone

First 3Q 2019 PRELIMINARY AS OF 23 SEPTEMBER 2019

Equities

Fixed Income

Loans

Dominique Lao

Andrea Niper

Nadine Ali

+1 646 324 2849

+1 609 279 3880

+44 20 3525 2103

[email protected]

[email protected]

[email protected]

© 2019 Bloomberg Finance L.P. All rights reserved.

Page 3: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page1

GlobalEquity,EquityLinked&RightsGlobalEquity,EquityLinked&Rights:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

SimpsonThacher&Bartlett 1 4.299 14,117 26 5 2.895 1.404

CooleyLLP 2 3.685 12,100 62 11 1.754 1.931

WilsonSonsiniGoodrich&Rosati 3 3.555 11,674 25 6 2.781 0.774

SkaddenArpsSlateMeagher&FlomLLP

4 3.438 11,290 45 3 4.443 -1.005

King&WoodMallesons 5 3.235 10,625 42 1 8.762 -5.527

Latham&WatkinsLLP 6 3.029 9,948 51 2 5.506 -2.477

GoodwinProcterLLP 7 2.698 8,859 47 9 1.865 0.833

FreshfieldsBruckhausDeringer 8 2.445 8,030 11 14 1.491 0.954

Dentons 9 2.300 7,554 18 59 0.401 1.899

DavisPolk&Wardwell 10 2.288 7,513 21 17 1.338 0.950

VenableLLP 11 1.891 6,209 28 34 0.693 1.198

Kirkland&Ellis 12 1.781 5,849 18 33 0.716 1.065

LinklatersLLP 13 1.688 5,543 12 20 1.144 0.544

WilmerHale 14 1.367 4,489 17 18 1.243 0.124

ZhongLunLawFirm 15 1.355 4,451 32 31 0.776 0.579

Covington&Burling 16 1.320 4,334 4 63 0.367 0.953

East&ConcordPartners 17 1.299 4,266 1 261 0.025 1.274

JiaYuanLawFirm 18 1.236 4,060 13 42 0.582 0.654

Haiwen&Partners 19 1.233 4,048 2 88 0.240 0.993

HoganLovellsUSLLP 20 1.175 3,860 19 65 0.359 0.816

TOTAL 100% 328,395 1,575 100%

GlobalEquity,EquityLinked&Rights:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

CooleyLLP 1 3.68 62

ConyersDill&Pearman 2 0.44 53

Latham&WatkinsLLP 3 3.03 51

GoodwinProcterLLP 4 2.70 47

SkaddenArpsSlateMeagher&FlomLLP

5 3.44 45

King&WoodMallesons 6 3.24 42

Maples&Calder 7 1.08 34

ZhongLunLawFirm 8 1.36 32

GrandallLawFirm 9 0.99 31

VenableLLP 10 1.89 28

SimpsonThacher&Bartlett 11 4.30 26

DLAPiperLLP 12 0.86 25

WilsonSonsiniGoodrich&Rosati 12 3.55 25

AllbrightLawOffice 14 0.67 23

Jingtian&Gongcheng 14 0.53 23

DavisPolk&Wardwell 16 2.29 21

BlakeCassels&GraydonLLP 17 0.59 19

HoganLovellsUSLLP 17 1.18 19

SidleyAustinLLP 17 0.57 19

Appleby 20 0.24 18

Page 4: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page2

GlobalEquity,EquityLinked&RightsGlobalEquity,EquityLinked&Rights:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

DavisPolk&Wardwell 1 13.572 37,906 90 1 16.160 -2.588

Latham&WatkinsLLP 2 10.827 30,240 103 2 8.789 2.038

SidleyAustinLLP 3 4.772 13,329 29 5 4.380 0.392

Ropes&GrayLLP 4 3.856 10,770 28 10 2.091 1.765

LinklatersLLP 5 3.757 10,492 25 3 6.432 -2.675

GoodwinProcterLLP 6 3.740 10,447 42 16 1.305 2.435

SimpsonThacher&Bartlett 7 3.309 9,241 25 6 3.361 -0.052

HuntonAndrewsKurthLLP 8 2.819 7,874 9 108 0.071 2.748

White&CaseLLP 9 2.816 7,864 29 11 2.051 0.765

Shearman&SterlingLLP 10 2.808 7,842 19 20 1.224 1.584

SkaddenArpsSlateMeagher&FlomLLP

11 2.740 7,652 41 14 1.775 0.965

CooleyLLP 12 2.637 7,364 51 13 1.795 0.842

Allen&OveryLLP 13 2.617 7,309 18 8 2.760 -0.143

CliffordChanceLLP 14 2.603 7,271 15 7 3.190 -0.587

CravathSwaine&Moore 15 2.094 5,848 7 12 2.008 0.086

ClearyGottliebSteen&Hamilton 16 1.845 5,152 10 44 0.396 1.449

Sullivan&Cromwell 17 1.343 3,751 9 4 5.835 -4.492

CyrilAmarchandMangaldas 18 1.284 3,586 1 56 0.271 1.013

BlakeCassels&GraydonLLP 19 1.165 3,253 25 42 0.406 0.759

CahillGordon&Reindel 20 1.139 3,182 7 15 1.767 -0.628

TOTAL 100% 279,307 1,170 100%

GlobalEquity,EquityLinked&Rights:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Latham&WatkinsLLP 1 10.83 103

DavisPolk&Wardwell 2 13.57 90

CooleyLLP 3 2.64 51

EllenoffGrossmanSchole&CyruliLLP

4 0.80 46

GoodwinProcterLLP 5 3.74 42

SkaddenArpsSlateMeagher&FlomLLP

6 2.74 41

SidleyAustinLLP 7 4.77 29

White&CaseLLP 7 2.82 29

Ropes&GrayLLP 9 3.86 28

BlakeCassels&GraydonLLP 10 1.16 25

LinklatersLLP 10 3.76 25

SimpsonThacher&Bartlett 10 3.31 25

StikemanElliott 13 0.62 23

HerbertSmithFreehills 14 0.76 20

Shearman&SterlingLLP 15 2.81 19

Allen&OveryLLP 16 2.62 18

Jingtian&Gongcheng 17 0.75 17

MintzLevinCohnFerrisGlovsky&PopeoPC

17 0.37 17

BakerMcKenzie 19 0.31 15

CliffordChanceLLP 19 2.60 15

Page 5: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page3

GlobalEquityIPOGlobalEquityIPO:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

CooleyLLP 1 7.328 7,963 20 20 1.462 5.866

SimpsonThacher&Bartlett 2 4.708 5,115 9 25 1.207 3.501

King&WoodMallesons 3 4.315 4,688 21 1 7.628 -3.313

WilsonSonsiniGoodrich&Rosati 4 4.051 4,402 10 22 1.381 2.670

Covington&Burling 5 3.727 4,050 1 - - 3.727

EllenoffGrossmanSchole&CyruliLLP

6 2.815 3,059 13 14 1.626 1.189

LinklatersLLP 7 2.786 3,028 5 47 0.542 2.244

ZhongLunLawFirm 8 2.697 2,930 19 19 1.463 1.234

Kirkland&Ellis 9 2.651 2,880 7 87 0.195 2.456

SkaddenArpsSlateMeagher&FlomLLP

10 2.532 2,751 12 2 5.944 -3.412

GoodwinProcterLLP 11 2.293 2,492 13 24 1.217 1.076

JunHeLLP 12 2.207 2,398 12 12 1.788 0.419

Latham&WatkinsLLP 13 2.097 2,278 13 3 5.141 -3.044

CliffordChanceLLP 14 2.053 2,231 11 9 1.891 0.162

FreshfieldsBruckhausDeringer 15 2.026 2,202 4 5 3.136 -1.110

DavisPolk&Wardwell 16 1.921 2,087 9 7 2.121 -0.200

JiaYuanLawFirm 17 1.880 2,043 6 125 0.106 1.774

GrandallLawFirm 18 1.829 1,988 19 26 1.147 0.682

Maples&Calder 19 1.619 1,759 24 4 4.688 -3.069

PotterAnderson&CorroonLLP 20 1.508 1,639 1 - - 1.508

TOTAL 100% 108,660 603 100%

GlobalEquityIPO:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

ConyersDill&Pearman 1 1.06 47

Maples&Calder 2 1.62 24

King&WoodMallesons 3 4.31 21

CooleyLLP 4 7.33 20

GrandallLawFirm 5 1.83 19

ZhongLunLawFirm 5 2.70 19

Jingtian&Gongcheng 7 0.54 16

Appleby 8 0.34 14

EllenoffGrossmanSchole&CyruliLLP

9 2.82 13

GoodwinProcterLLP 9 2.29 13

Latham&WatkinsLLP 9 2.10 13

AllbrightLawOffice 12 1.20 12

JunHeLLP 12 2.21 12

SkaddenArpsSlateMeagher&FlomLLP

12 2.53 12

CliffordChanceLLP 15 2.05 11

Commerce&FinanceLawOffices 15 1.04 11

TianYuanLawFirm 17 0.90 10

WilsonSonsiniGoodrich&Rosati 17 4.05 10

DLAPiperLLP 19 1.14 9

DavisPolk&Wardwell 19 1.92 9

Page 6: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page4

GlobalEquityIPOGlobalEquityIPO:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

DavisPolk&Wardwell 1 14.809 13,450 19 2 8.308 6.501

Latham&WatkinsLLP 2 8.873 8,059 28 4 5.611 3.262

Ropes&GrayLLP 3 7.029 6,384 11 12 2.458 4.571

CliffordChanceLLP 4 6.028 5,475 9 3 5.859 0.169

CooleyLLP 5 4.725 4,291 20 18 1.513 3.212

LinklatersLLP 6 3.637 3,303 7 20 1.435 2.202

SkaddenArpsSlateMeagher&FlomLLP

7 3.440 3,124 11 13 2.311 1.129

GoodwinProcterLLP 8 2.780 2,525 4 43 0.415 2.365

Shearman&SterlingLLP 9 2.644 2,401 10 24 1.256 1.388

JiaYuanLawFirm 10 2.610 2,370 9 31 0.702 1.908

GrandallLawFirm 11 2.598 2,360 2 17 1.555 1.043

EllenoffGrossmanSchole&CyruliLLP

12 2.225 2,021 12 32 0.680 1.545

ClearyGottliebSteen&Hamilton 13 1.823 1,656 4 76 0.140 1.683

Kirkland&Ellis 14 1.737 1,578 7 16 1.798 -0.061

WilsonSonsiniGoodrich&Rosati 15 1.535 1,394 5 27 1.073 0.462

Jingtian&Gongcheng 16 1.366 1,241 15 8 3.449 -2.083

GuantaoLawFirm 17 1.333 1,211 1 - - 1.333

LombardiSegnieAssociati 18 1.279 1,161 1 - - 1.279

Allen&OveryLLP 19 1.264 1,148 4 15 2.011 -0.747

Sullivan&Cromwell 20 1.199 1,089 3 1 8.869 -7.670

TOTAL 100% 90,823 389 100%

GlobalEquityIPO:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Latham&WatkinsLLP 1 8.87 28

CooleyLLP 2 4.72 20

DavisPolk&Wardwell 3 14.81 19

Jingtian&Gongcheng 4 1.37 15

MillerThomsonLLP 5 0.00 13

EllenoffGrossmanSchole&CyruliLLP

6 2.23 12

Commerce&FinanceLawOffices 7 0.66 11

NortonRoseFulbrightLLP 7 0.58 11

Ropes&GrayLLP 7 7.03 11

SkaddenArpsSlateMeagher&FlomLLP

7 3.44 11

Shearman&SterlingLLP 11 2.64 10

CliffordChanceLLP 12 6.03 9

JiaYuanLawFirm 12 2.61 9

SidleyAustinLLP 12 0.97 9

Kirkland&Ellis 15 1.74 7

LinklatersLLP 15 3.64 7

DumoulinBlackLLP 17 0.00 6

JunHeLLP 17 0.73 6

SimpsonThacher&Bartlett 17 0.60 6

TianYuanLawFirm 17 0.91 6

Page 7: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page5

GlobalBondsGlobalBonds:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Sullivan&Cromwell 1 11.215 65,700 43 1 13.264 -2.049

CravathSwaine&Moore 2 10.852 63,575 48 9 3.245 7.607

DavisPolk&Wardwell 3 8.392 49,164 60 4 8.132 0.260

ClearyGottliebSteen&Hamilton 4 8.331 48,803 45 2 9.144 -0.813

Latham&WatkinsLLP 5 4.643 27,200 36 16 1.655 2.988

HuntonAndrewsKurthLLP 6 4.293 25,150 30 7 3.466 0.827

SimpsonThacher&Bartlett 7 4.040 23,665 25 5 4.477 -0.437

Shearman&SterlingLLP 8 3.181 18,632 21 3 8.444 -5.263

SkaddenArpsSlateMeagher&FlomLLP

9 3.032 17,762 20 11 2.388 0.644

PaulWeissRifkindWharton&Garrison

10 2.360 13,825 12 14 2.095 0.265

Kirkland&Ellis 11 2.283 13,375 20 18 1.263 1.020

WillkieFarr&Gallagher 12 1.984 11,620 17 29 0.640 1.344

HoganLovellsUSLLP 13 1.937 11,350 16 17 1.407 0.530

GibsonDunn&Crutcher 14 1.758 10,300 16 13 2.227 -0.469

LinklatersLLP 15 1.702 9,973 11 8 3.383 -1.681

BordenLadnerGervaisLLP 16 1.570 9,200 4 12 2.276 -0.706

Arnold&PorterKayeScholerLLP 17 1.340 7,850 6 20 1.199 0.141

JonesDay 18 1.251 7,330 14 10 3.022 -1.771

FaegreBakerDanielsLLP 19 1.246 7,300 6 52 0.264 0.982

BakerBottsLLP 20 1.169 6,850 11 36 0.480 0.689

TOTAL 100% 585,816 649 100%

GlobalBonds:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

DavisPolk&Wardwell 1 8.39 60

CravathSwaine&Moore 2 10.85 48

ClearyGottliebSteen&Hamilton 3 8.33 45

Sullivan&Cromwell 4 11.22 43

Latham&WatkinsLLP 5 4.64 36

HuntonAndrewsKurthLLP 6 4.29 30

SimpsonThacher&Bartlett 7 4.04 25

Shearman&SterlingLLP 8 3.18 21

Kirkland&Ellis 9 2.28 20

SkaddenArpsSlateMeagher&FlomLLP

9 3.03 20

WillkieFarr&Gallagher 11 1.98 17

GibsonDunn&Crutcher 12 1.76 16

HoganLovellsUSLLP 12 1.94 16

JonesDay 14 1.25 14

MorganLewis&BockiusLLP 15 0.95 12

PaulWeissRifkindWharton&Garrison

15 2.36 12

BakerBottsLLP 17 1.17 11

LinklatersLLP 17 1.70 11

O'Melveny&MyersLLP 17 1.08 11

SidleyAustinLLP 17 1.13 11

Page 8: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page6

GlobalBondsGlobalBonds:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

SimpsonThacher&Bartlett 1 16.536 108,135 110 1 19.058 -2.522

DavisPolk&Wardwell 2 16.490 107,829 114 2 11.908 4.582

Sullivan&Cromwell 3 7.266 47,517 34 3 9.343 -2.077

Shearman&SterlingLLP 4 6.543 42,783 53 8 5.141 1.402

ClearyGottliebSteen&Hamilton 5 5.557 36,336 42 4 5.906 -0.349

SidleyAustinLLP 6 5.027 32,875 55 5 5.824 -0.797

CravathSwaine&Moore 7 4.802 31,400 36 9 5.000 -0.198

Allen&OveryLLP 8 4.768 31,177 29 6 5.242 -0.474

Latham&WatkinsLLP 9 3.827 25,025 26 19 0.636 3.191

HuntonAndrewsKurthLLP 10 3.300 21,580 36 18 0.775 2.525

LinklatersLLP 11 2.544 16,635 21 7 5.149 -2.605

WeilGotshal&MangesLLP 12 2.428 15,875 15 - - 2.428

SkaddenArpsSlateMeagher&FlomLLP

13 2.390 15,626 26 10 3.921 -1.531

HengelerMueller 14 1.913 12,507 9 12 2.884 -0.971

MayerBrownLLP 15 1.697 11,100 16 14 1.727 -0.030

GibsonDunn&Crutcher 16 1.583 10,350 9 38 0.209 1.374

OslerHoskin&HarcourtLLP 17 1.579 10,325 6 15 1.481 0.098

CliffordChanceLLP 18 1.415 9,256 12 20 0.620 0.795

StikemanElliott 19 1.365 8,927 8 26 0.366 0.999

CahillGordon&Reindel 20 0.887 5,802 11 11 3.039 -2.152

TOTAL 100% 653,925 740 100%

GlobalBonds:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

DavisPolk&Wardwell 1 16.49 114

SimpsonThacher&Bartlett 2 16.54 110

SidleyAustinLLP 3 5.03 55

Shearman&SterlingLLP 4 6.54 53

ClearyGottliebSteen&Hamilton 5 5.56 42

CravathSwaine&Moore 6 4.80 36

HuntonAndrewsKurthLLP 6 3.30 36

Sullivan&Cromwell 8 7.27 34

Allen&OveryLLP 9 4.77 29

Latham&WatkinsLLP 10 3.83 26

SkaddenArpsSlateMeagher&FlomLLP

10 2.39 26

LinklatersLLP 12 2.54 21

MayerBrownLLP 13 1.70 16

WeilGotshal&MangesLLP 14 2.43 15

CliffordChanceLLP 15 1.42 12

CahillGordon&Reindel 16 0.89 11

GibsonDunn&Crutcher 17 1.58 9

HengelerMueller 17 1.91 9

PillsburyWinthropShawPittmanLLP

17 0.57 9

StikemanElliott 20 1.37 8

Page 9: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page7

USEquityOfferingsUSEquityOfferings:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

CooleyLLP 1 8.662 11,553 52 4 4.407 4.255

SimpsonThacher&Bartlett 2 7.992 10,660 13 1 7.855 0.137

GoodwinProcterLLP 3 5.865 7,823 39 6 3.650 2.215

WilsonSonsiniGoodrich&Rosati 4 5.475 7,303 18 5 4.084 1.391

Latham&WatkinsLLP 5 5.356 7,144 37 2 6.919 -1.563

VenableLLP 6 4.580 6,109 27 11 2.087 2.493

Covington&Burling 7 3.249 4,334 4 66 0.256 2.993

DavisPolk&Wardwell 8 3.085 4,114 7 10 2.388 0.697

SkaddenArpsSlateMeagher&FlomLLP

9 2.920 3,895 12 3 4.922 -2.002

Kirkland&Ellis 10 2.778 3,706 12 16 1.758 1.020

JonesDay 11 2.748 3,665 4 34 0.798 1.950

HoganLovellsUSLLP 12 2.595 3,461 8 42 0.618 1.977

EllenoffGrossmanSchole&CyruliLLP

13 2.284 3,046 12 22 1.371 0.913

WilmerHale 14 2.129 2,839 16 14 1.992 0.137

WeilGotshal&MangesLLP 15 2.025 2,700 6 12 2.066 -0.041

Ropes&GrayLLP 16 1.979 2,639 11 23 1.213 0.766

Shearman&SterlingLLP 17 1.752 2,337 4 49 0.512 1.240

MungerTolles&Olson 18 1.654 2,206 1 141 0.026 1.628

Vinson&ElkinsLLP 19 1.609 2,146 16 9 2.594 -0.985

Debevoise&PlimptonLLP 20 1.430 1,907 2 8 3.101 -1.671

TOTAL 100% 133,375 525 100%

USEquityOfferings:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

CooleyLLP 1 8.66 52

GoodwinProcterLLP 2 5.87 39

Latham&WatkinsLLP 3 5.36 37

VenableLLP 4 4.58 27

WilsonSonsiniGoodrich&Rosati 5 5.48 18

Vinson&ElkinsLLP 6 1.61 16

WilmerHale 6 2.13 16

SimpsonThacher&Bartlett 8 7.99 13

EllenoffGrossmanSchole&CyruliLLP

9 2.28 12

Kirkland&Ellis 9 2.78 12

SkaddenArpsSlateMeagher&FlomLLP

9 2.92 12

DLAPiperLLP 12 1.25 11

MorganLewis&BockiusLLP 12 1.30 11

Ropes&GrayLLP 12 1.98 11

SidleyAustinLLP 12 1.10 11

HuntonAndrewsKurthLLP 16 0.65 9

Alston&BirdLLP 17 0.51 8

HoganLovellsUSLLP 17 2.60 8

Winston&StrawnLLP 17 1.10 8

DavisPolk&Wardwell 20 3.08 7

Page 10: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page8

USEquityOfferingsUSEquityOfferings:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

DavisPolk&Wardwell 1 17.137 22,832 57 1 18.201 -1.064

Latham&WatkinsLLP 2 14.137 18,836 73 2 14.542 -0.405

Ropes&GrayLLP 3 7.202 9,595 25 6 4.989 2.213

GoodwinProcterLLP 4 6.982 9,303 33 10 3.077 3.905

SidleyAustinLLP 5 6.276 8,361 16 3 7.554 -1.278

CooleyLLP 6 5.261 7,009 45 8 4.231 1.030

SkaddenArpsSlateMeagher&FlomLLP

7 4.452 5,932 26 9 3.740 0.712

CravathSwaine&Moore 8 3.759 5,008 5 5 5.318 -1.559

Shearman&SterlingLLP 9 3.253 4,334 8 12 2.091 1.162

ClearyGottliebSteen&Hamilton 10 2.862 3,814 5 38 0.254 2.608

HuntonAndrewsKurthLLP 11 2.795 3,724 5 42 0.188 2.607

SimpsonThacher&Bartlett 12 2.248 2,995 8 7 4.833 -2.585

Sullivan&Cromwell 13 2.207 2,940 5 4 6.883 -4.676

CahillGordon&Reindel 14 1.941 2,587 5 11 2.922 -0.981

WilsonSonsiniGoodrich&Rosati 15 1.786 2,380 7 18 0.890 0.896

EllenoffGrossmanSchole&CyruliLLP

16 1.542 2,055 34 24 0.687 0.855

White&CaseLLP 17 1.283 1,709 11 25 0.665 0.618

Kirkland&Ellis 18 0.940 1,253 5 19 0.888 0.052

Allen&OveryLLP 19 0.839 1,118 3 - - 0.839

GraubardMiller 20 0.779 1,038 3 29 0.456 0.323

TOTAL 100% 133,233 519 100%

USEquityOfferings:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Latham&WatkinsLLP 1 14.14 73

DavisPolk&Wardwell 2 17.14 57

CooleyLLP 3 5.26 45

EllenoffGrossmanSchole&CyruliLLP

4 1.54 34

GoodwinProcterLLP 5 6.98 33

SkaddenArpsSlateMeagher&FlomLLP

6 4.45 26

Ropes&GrayLLP 7 7.20 25

SidleyAustinLLP 8 6.28 16

MintzLevinCohnFerrisGlovsky&PopeoPC

9 0.65 13

White&CaseLLP 10 1.28 11

Covington&Burling 11 0.46 9

Shearman&SterlingLLP 12 3.25 8

SimpsonThacher&Bartlett 12 2.25 8

WilsonSonsiniGoodrich&Rosati 14 1.79 7

DLAPiperLLP 15 0.43 6

DuaneMorrisLLP 15 0.14 6

LowensteinSandlerLLP 15 0.06 6

CahillGordon&Reindel 18 1.94 5

ClearyGottliebSteen&Hamilton 18 2.86 5

CravathSwaine&Moore 18 3.76 5

Page 11: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page9

USEquityIPOUSEquityIPO:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

CooleyLLP 1 16.182 7,837 17 6 4.576 11.606

SimpsonThacher&Bartlett 2 10.028 4,857 4 10 3.750 6.278

WilsonSonsiniGoodrich&Rosati 3 9.072 4,394 9 3 5.237 3.835

Covington&Burling 4 8.362 4,050 1 - - 8.362

EllenoffGrossmanSchole&CyruliLLP

5 6.253 3,028 11 4 5.169 1.084

SkaddenArpsSlateMeagher&FlomLLP

6 4.694 2,274 3 19 1.875 2.819

GoodwinProcterLLP 7 4.370 2,117 11 5 4.709 -0.339

Kirkland&Ellis 8 4.319 2,092 5 55 0.240 4.079

PotterAnderson&CorroonLLP 9 3.384 1,639 1 - - 3.384

Latham&WatkinsLLP 10 3.236 1,567 8 9 3.894 -0.658

DavisPolk&Wardwell 11 2.594 1,256 4 11 3.425 -0.831

FriedFrankHarrisShriver&Jacobson

12 2.564 1,242 1 - - 2.564

Vinson&ElkinsLLP 13 2.352 1,139 4 2 6.618 -4.266

AkinGumpStraussHauer&FeldLLP

14 2.044 990 2 44 0.390 1.654

Winston&StrawnLLP 15 2.037 986 4 42 0.441 1.596

PaulWeissRifkindWharton&Garrison

16 1.941 940 2 7 4.250 -2.309

GraubardMiller 17 1.876 908 4 40 0.481 1.395

BlakeCassels&GraydonLLP 18 1.187 575 1 - - 1.187

Allen&Gledhill 19 1.049 508 2 - - 1.049

OrrickHerrington&SutcliffeLLP 20 0.960 465 3 - - 0.960

TOTAL 100% 48,433 138 100%

USEquityIPO:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

CooleyLLP 1 16.18 17

EllenoffGrossmanSchole&CyruliLLP

2 6.25 11

GoodwinProcterLLP 2 4.37 11

WilsonSonsiniGoodrich&Rosati 4 9.07 9

Latham&WatkinsLLP 5 3.24 8

Kirkland&Ellis 6 4.32 5

DavisPolk&Wardwell 7 2.59 4

GraubardMiller 7 1.88 4

SimpsonThacher&Bartlett 7 10.03 4

Vinson&ElkinsLLP 7 2.35 4

Winston&StrawnLLP 7 2.04 4

Maples&Calder 12 0.88 3

OrrickHerrington&SutcliffeLLP 12 0.96 3

SkaddenArpsSlateMeagher&FlomLLP

12 4.69 3

SquireSanders 12 0.22 3

WilmerHale 12 0.35 3

AkinGumpStraussHauer&FeldLLP

17 2.04 2

Allen&Gledhill 17 1.05 2

ConyersDill&Pearman 17 0.17 2

DLAPiperLLP 17 0.89 2

Page 12: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page10

USEquityIPOUSEquityIPO:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

DavisPolk&Wardwell 1 26.735 12,924 16 1 10.801 15.934

Ropes&GrayLLP 2 13.207 6,384 11 4 8.060 5.147

Latham&WatkinsLLP 3 10.199 4,930 19 5 7.530 2.669

CooleyLLP 4 8.742 4,226 19 8 5.040 3.702

SkaddenArpsSlateMeagher&FlomLLP

5 5.378 2,600 7 7 6.921 -1.543

GoodwinProcterLLP 6 4.934 2,385 2 19 1.439 3.495

EllenoffGrossmanSchole&CyruliLLP

7 3.936 1,903 10 13 2.300 1.636

WilsonSonsiniGoodrich&Rosati 8 2.645 1,279 3 12 2.523 0.122

Kirkland&Ellis 9 2.591 1,253 5 11 2.676 -0.085

ClearyGottliebSteen&Hamilton 10 2.447 1,183 2 - - 2.447

Allen&OveryLLP 11 2.313 1,118 3 - - 2.313

GraubardMiller 12 2.146 1,038 3 17 1.782 0.364

Fenwick&WestLLP 13 1.800 870 2 18 1.730 0.070

Winston&StrawnLLP 14 1.586 766 2 21 1.106 0.480

Shearman&SterlingLLP 15 1.557 753 4 14 2.179 -0.622

WilmerHale 16 1.534 741 2 33 0.267 1.267

Sullivan&Cromwell 17 1.483 717 1 2 8.882 -7.399

GibsonDunn&Crutcher 18 1.189 575 1 28 0.495 0.694

StikemanElliott 18 1.189 575 1 41 0.119 1.070

WeilGotshal&MangesLLP 20 1.126 544 2 - - 1.126

TOTAL 100% 48,340 134 100%

USEquityIPO:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

CooleyLLP 1 8.74 19

Latham&WatkinsLLP 1 10.20 19

DavisPolk&Wardwell 3 26.73 16

Ropes&GrayLLP 4 13.21 11

EllenoffGrossmanSchole&CyruliLLP

5 3.94 10

SkaddenArpsSlateMeagher&FlomLLP

6 5.38 7

Kirkland&Ellis 7 2.59 5

Shearman&SterlingLLP 8 1.56 4

Allen&OveryLLP 9 2.31 3

GraubardMiller 9 2.15 3

WilsonSonsiniGoodrich&Rosati 9 2.64 3

ClearyGottliebSteen&Hamilton 12 2.45 2

DLAPiperLLP 12 0.30 2

Fenwick&WestLLP 12 1.80 2

GoodwinProcterLLP 12 4.93 2

SchiffHardinLLP 12 0.25 2

WeilGotshal&MangesLLP 12 1.13 2

WilmerHale 12 1.53 2

Winston&StrawnLLP 12 1.59 2

CarmelMilazzo&DiChiaraLLP 20 0.01 1

Page 13: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page11

USEquityLinkedUSEquityLinked:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

WilsonSonsiniGoodrich&Rosati 1 19.185 4,064 5 1 21.715 -2.530

SimpsonThacher&Bartlett 2 11.945 2,530 3 13 1.955 9.990

TroutmanSandersLLP 3 8.144 1,725 1 22 0.717 7.427

McGuireWoodsLLP 4 7.927 1,679 2 21 0.896 7.031

WilmerHale 5 7.790 1,650 1 3 9.068 -1.278

MorganLewis&BockiusLLP 6 7.082 1,500 1 - - 7.082

SkaddenArpsSlateMeagher&FlomLLP

7 6.026 1,276 4 7 4.213 1.813

WachtellLiptonRosen&Katz 8 6.020 1,275 3 15 1.443 4.577

K&LGatesLLP 9 3.529 748 1 9 2.988 0.541

DavisPolk&Wardwell 10 2.715 575 2 14 1.449 1.266

Latham&WatkinsLLP 11 2.576 546 3 2 17.527 -14.951

Ropes&GrayLLP 12 1.889 400 2 10 2.419 -0.530

MayerBrownLLP 13 1.416 300 1 - - 1.416

O'Melveny&MyersLLP 13 1.416 300 1 - - 1.416

GoodwinProcterLLP 15 1.357 288 1 4 6.989 -5.632

PillsburyWinthropShawPittmanLLP 15 1.357 288 1 - - 1.357

WillkieFarr&Gallagher 17 1.242 263 1 20 1.075 0.167

FriedFrankHarrisShriver&Jacobson

18 1.086 230 1 - - 1.086

HuntonAndrewsKurthLLP 18 1.086 230 1 - - 1.086

GreenbergTraurigLLP 20 0.944 200 1 - - 0.944

TOTAL 100% 21,180 42 100%

USEquityLinked:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

WilsonSonsiniGoodrich&Rosati 1 19.19 5

SkaddenArpsSlateMeagher&FlomLLP

2 6.03 4

Latham&WatkinsLLP 3 2.58 3

SimpsonThacher&Bartlett 3 11.95 3

WachtellLiptonRosen&Katz 3 6.02 3

DavisPolk&Wardwell 6 2.71 2

McGuireWoodsLLP 6 7.93 2

Ropes&GrayLLP 6 1.89 2

AshurstLLP 9 0.24 1

BryanCaveLeightonPaisnerLLP 9 0.01 1

ClearyGottliebSteen&Hamilton 9 0.68 1

CooleyLLP 9 0.40 1

DavisGraham&StubbsLLP 9 0.81 1

EvershedsSutherlandLtd 9 0.48 1

FriedFrankHarrisShriver&Jacobson

9 1.09 1

GibsonDunn&Crutcher 9 0.38 1

GoodwinProcterLLP 9 1.36 1

GreenbergTraurigLLP 9 0.94 1

Haynes&BooneLLP 9 0.38 1

HuntonAndrewsKurthLLP 9 1.09 1

Page 14: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page12

USEquityLinkedUSEquityLinked:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

DavisPolk&Wardwell 1 26.963 6,487 13 1 45.992 -19.029

HuntonAndrewsKurthLLP 2 17.250 4,150 4 - - 17.250

Latham&WatkinsLLP 3 14.168 3,408 9 2 14.963 -0.795

SimpsonThacher&Bartlett 4 11.368 2,735 4 6 4.200 7.168

TroutmanSandersLLP 5 7.529 1,811 2 - - 7.529

Ropes&GrayLLP 6 4.302 1,035 1 10 1.382 2.920

CravathSwaine&Moore 7 3.492 840 2 - - 3.492

GoodwinProcterLLP 8 3.464 834 2 13 1.013 2.451

SkaddenArpsSlateMeagher&FlomLLP

9 3.141 756 5 11 1.075 2.066

Shearman&SterlingLLP 10 3.107 748 1 8 2.514 0.593

FreshfieldsBruckhausDeringer 11 1.673 402 1 23 0.154 1.519

WilsonSonsiniGoodrich&Rosati 12 1.315 316 1 7 3.570 -2.255

ClearyGottliebSteen&Hamilton 13 0.956 230 1 - - 0.956

Covington&Burling 14 0.598 144 1 - - 0.598

White&CaseLLP 15 0.333 80 1 - - 0.333

Dechert 16 0.177 42 1 - - 0.177

CozenO'Connor 17 0.166 40 1 - - 0.166

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 24,058 47 100%

USEquityLinked:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

DavisPolk&Wardwell 1 26.96 13

Latham&WatkinsLLP 2 14.17 9

SkaddenArpsSlateMeagher&FlomLLP

3 3.14 5

HuntonAndrewsKurthLLP 4 17.25 4

SimpsonThacher&Bartlett 4 11.37 4

CravathSwaine&Moore 6 3.49 2

GoodwinProcterLLP 6 3.46 2

TroutmanSandersLLP 6 7.53 2

ClearyGottliebSteen&Hamilton 9 0.96 1

Covington&Burling 9 0.60 1

CozenO'Connor 9 0.17 1

Dechert 9 0.18 1

FreshfieldsBruckhausDeringer 9 1.67 1

Ropes&GrayLLP 9 4.30 1

Shearman&SterlingLLP 9 3.11 1

White&CaseLLP 9 0.33 1

WilsonSonsiniGoodrich&Rosati 9 1.31 1

Page 15: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page13

USCorporateBondsUSCorporateBonds:LegalAdviser-Issuer/BorrowerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

DavisPolk&Wardwell 1 8.832 76,906 99 1 8.735 0.097

Latham&WatkinsLLP 2 6.873 59,849 89 8 3.797 3.076

Kirkland&Ellis 3 6.506 56,655 59 10 3.075 3.431

CravathSwaine&Moore 4 6.140 53,466 52 18 1.471 4.669

Sullivan&Cromwell 5 5.946 51,778 48 4 5.737 0.209

SimpsonThacher&Bartlett 6 5.410 47,111 59 6 5.562 -0.152

ClearyGottliebSteen&Hamilton 7 5.065 44,107 56 3 6.028 -0.963

SkaddenArpsSlateMeagher&FlomLLP

8 4.230 36,832 55 7 3.971 0.259

HuntonAndrewsKurthLLP 9 3.396 29,572 44 14 2.565 0.831

GibsonDunn&Crutcher 10 3.256 28,350 34 12 2.695 0.561

McGuireWoodsLLP 11 2.789 24,290 20 9 3.315 -0.526

White&CaseLLP 12 2.570 22,380 19 21 1.346 1.224

SidleyAustinLLP 13 2.284 19,889 32 15 1.985 0.299

Shearman&SterlingLLP 14 2.119 18,453 30 2 6.211 -4.092

PaulWeissRifkindWharton&Garrison

15 2.021 17,600 21 16 1.777 0.244

WillkieFarr&Gallagher 16 1.693 14,745 30 24 1.058 0.635

HoganLovellsUSLLP 17 1.403 12,220 31 22 1.248 0.155

SquireSanders 18 1.352 11,775 20 17 1.619 -0.267

LinklatersLLP 19 1.252 10,900 13 13 2.599 -1.347

MayerBrownLLP 20 1.151 10,019 19 29 0.740 0.411

TOTAL 100% 870,785 1,197 100%

USCorporateBonds:LegalAdviser-Issuer/BorrowerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

DavisPolk&Wardwell 1 8.83 99

Latham&WatkinsLLP 2 6.87 89

Kirkland&Ellis 3 6.51 59

SimpsonThacher&Bartlett 3 5.41 59

ClearyGottliebSteen&Hamilton 5 5.07 56

SkaddenArpsSlateMeagher&FlomLLP

6 4.23 55

CravathSwaine&Moore 7 6.14 52

Sullivan&Cromwell 8 5.95 48

HuntonAndrewsKurthLLP 9 3.40 44

GibsonDunn&Crutcher 10 3.26 34

SidleyAustinLLP 11 2.28 32

HoganLovellsUSLLP 12 1.40 31

Shearman&SterlingLLP 13 2.12 30

WillkieFarr&Gallagher 13 1.69 30

MorganLewis&BockiusLLP 15 1.01 25

PaulWeissRifkindWharton&Garrison

16 2.02 21

McGuireWoodsLLP 17 2.79 20

SquireSanders 17 1.35 20

JonesDay 19 0.95 19

MayerBrownLLP 19 1.15 19

Page 16: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page14

USCorporateBondsUSCorporateBonds:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

DavisPolk&Wardwell 1 18.629 172,340 169 1 14.987 3.642

SimpsonThacher&Bartlett 2 13.385 123,827 134 2 13.229 0.156

CahillGordon&Reindel 3 8.611 79,663 112 3 7.471 1.140

Latham&WatkinsLLP 4 6.738 62,333 73 6 4.969 1.769

CravathSwaine&Moore 5 6.535 60,460 76 5 5.641 0.894

SidleyAustinLLP 6 5.898 54,569 98 4 6.232 -0.334

Shearman&SterlingLLP 7 5.741 53,110 66 7 4.874 0.867

Allen&OveryLLP 8 4.017 37,158 32 9 4.545 -0.528

ClearyGottliebSteen&Hamilton 9 3.687 34,108 38 10 4.000 -0.313

HuntonAndrewsKurthLLP 10 3.448 31,897 70 19 1.130 2.318

SkaddenArpsSlateMeagher&FlomLLP

11 2.434 22,521 40 12 3.656 -1.222

Sullivan&Cromwell 12 2.079 19,237 24 8 4.635 -2.556

GibsonDunn&Crutcher 13 1.978 18,300 20 15 1.726 0.252

WeilGotshal&MangesLLP 14 1.894 17,525 17 22 0.772 1.122

MayerBrownLLP 15 1.873 17,324 28 16 1.519 0.354

LinklatersLLP 16 1.846 17,075 19 11 3.909 -2.063

PillsburyWinthropShawPittmanLLP 17 0.974 9,015 24 20 0.828 0.146

Vinson&ElkinsLLP 18 0.880 8,145 16 21 0.785 0.095

White&CaseLLP 19 0.849 7,850 13 14 1.835 -0.986

WillkieFarr&Gallagher 20 0.778 7,200 11 50 0.064 0.714

TOTAL 100% 925,139 1,252 100%

USCorporateBonds:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

DavisPolk&Wardwell 1 18.63 169

SimpsonThacher&Bartlett 2 13.38 134

CahillGordon&Reindel 3 8.61 112

SidleyAustinLLP 4 5.90 98

CravathSwaine&Moore 5 6.54 76

Latham&WatkinsLLP 6 6.74 73

HuntonAndrewsKurthLLP 7 3.45 70

Shearman&SterlingLLP 8 5.74 66

SkaddenArpsSlateMeagher&FlomLLP

9 2.43 40

ClearyGottliebSteen&Hamilton 10 3.69 38

Allen&OveryLLP 11 4.02 32

MayerBrownLLP 12 1.87 28

MilbankLLP 13 0.70 24

PillsburyWinthropShawPittmanLLP

13 0.97 24

Sullivan&Cromwell 13 2.08 24

GibsonDunn&Crutcher 16 1.98 20

LinklatersLLP 17 1.85 19

WeilGotshal&MangesLLP 18 1.89 17

Vinson&ElkinsLLP 19 0.88 16

CliffordChanceLLP 20 0.76 14

Page 17: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page15

USInvestmentGradeCorporateBondsUSInvestmentGradeCorporateBonds:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

DavisPolk&Wardwell 1 9.466 67,300 84 1 9.711 -0.245

CravathSwaine&Moore 2 7.378 52,455 47 18 1.533 5.845

Sullivan&Cromwell 3 6.924 49,228 44 5 6.159 0.765

Kirkland&Ellis 4 5.806 41,275 41 14 2.042 3.764

Latham&WatkinsLLP 5 5.674 40,339 57 13 2.651 3.023

ClearyGottliebSteen&Hamilton 6 5.525 39,282 49 3 6.663 -1.138

SimpsonThacher&Bartlett 7 5.223 37,131 45 6 4.588 0.635

HuntonAndrewsKurthLLP 8 3.931 27,950 35 9 3.063 0.868

SkaddenArpsSlateMeagher&FlomLLP

9 3.660 26,022 35 11 2.939 0.721

McGuireWoodsLLP 10 3.417 24,290 20 7 4.007 -0.590

GibsonDunn&Crutcher 11 2.841 20,200 24 10 2.940 -0.099

White&CaseLLP 12 2.613 18,575 11 25 0.954 1.659

SidleyAustinLLP 13 2.236 15,894 25 17 1.711 0.525

PaulWeissRifkindWharton&Garrison

14 1.987 14,125 14 16 1.851 0.136

WillkieFarr&Gallagher 15 1.929 13,715 28 22 1.168 0.761

Shearman&SterlingLLP 16 1.770 12,582 18 2 7.342 -5.572

HoganLovellsUSLLP 17 1.719 12,220 31 19 1.478 0.241

SquireSanders 18 1.656 11,775 20 15 1.950 -0.294

FaegreBakerDanielsLLP 19 1.378 9,800 7 54 0.235 1.143

O'Melveny&MyersLLP 20 1.357 9,650 17 23 1.088 0.269

TOTAL 100% 710,933 908 100%

USInvestmentGradeCorporateBonds:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

DavisPolk&Wardwell 1 9.47 84

Latham&WatkinsLLP 2 5.67 57

ClearyGottliebSteen&Hamilton 3 5.53 49

CravathSwaine&Moore 4 7.38 47

SimpsonThacher&Bartlett 5 5.22 45

Sullivan&Cromwell 6 6.92 44

Kirkland&Ellis 7 5.81 41

HuntonAndrewsKurthLLP 8 3.93 35

SkaddenArpsSlateMeagher&FlomLLP

8 3.66 35

HoganLovellsUSLLP 10 1.72 31

WillkieFarr&Gallagher 11 1.93 28

MorganLewis&BockiusLLP 12 1.23 25

SidleyAustinLLP 12 2.24 25

GibsonDunn&Crutcher 14 2.84 24

McGuireWoodsLLP 15 3.42 20

SquireSanders 15 1.66 20

Shearman&SterlingLLP 17 1.77 18

O'Melveny&MyersLLP 18 1.36 17

JonesDay 19 1.03 14

KattenMuchinRosenmanLLP 19 0.00 14

Page 18: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page16

USInvestmentGradeCorporateBondsUSInvestmentGradeCorporateBonds:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

DavisPolk&Wardwell 1 20.687 157,740 149 1 16.342 4.345

SimpsonThacher&Bartlett 2 14.420 109,955 117 2 14.237 0.183

SidleyAustinLLP 3 7.044 53,712 93 3 7.234 -0.190

Latham&WatkinsLLP 4 6.410 48,875 50 12 3.279 3.131

Shearman&SterlingLLP 5 5.989 45,670 58 6 5.319 0.670

CravathSwaine&Moore 6 5.842 44,550 55 4 5.370 0.472

Allen&OveryLLP 7 4.260 32,480 25 7 4.974 -0.714

ClearyGottliebSteen&Hamilton 8 3.980 30,350 31 8 4.398 -0.418

HuntonAndrewsKurthLLP 9 3.877 29,566 64 18 1.223 2.654

CahillGordon&Reindel 10 3.620 27,600 28 13 3.098 0.522

SkaddenArpsSlateMeagher&FlomLLP

11 2.615 19,941 30 11 3.771 -1.156

Sullivan&Cromwell 12 2.276 17,352 21 5 5.336 -3.060

MayerBrownLLP 13 2.268 17,294 27 15 1.803 0.465

WeilGotshal&MangesLLP 14 2.213 16,875 16 21 0.917 1.296

GibsonDunn&Crutcher 15 2.072 15,800 16 16 1.746 0.326

LinklatersLLP 16 1.692 12,900 13 10 3.807 -2.115

PillsburyWinthropShawPittmanLLP 17 1.182 9,015 24 20 0.940 0.242

O'Melveny&MyersLLP 18 0.939 7,160 13 17 1.305 -0.366

WillkieFarr&Gallagher 19 0.885 6,750 10 47 0.076 0.809

CliffordChanceLLP 20 0.862 6,575 12 26 0.450 0.412

TOTAL 100% 762,524 967 100%

USInvestmentGradeCorporateBonds:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

DavisPolk&Wardwell 1 20.69 149

SimpsonThacher&Bartlett 2 14.42 117

SidleyAustinLLP 3 7.04 93

HuntonAndrewsKurthLLP 4 3.88 64

Shearman&SterlingLLP 5 5.99 58

CravathSwaine&Moore 6 5.84 55

Latham&WatkinsLLP 7 6.41 50

ClearyGottliebSteen&Hamilton 8 3.98 31

SkaddenArpsSlateMeagher&FlomLLP

9 2.62 30

CahillGordon&Reindel 10 3.62 28

MayerBrownLLP 11 2.27 27

Allen&OveryLLP 12 4.26 25

PillsburyWinthropShawPittmanLLP

13 1.18 24

Sullivan&Cromwell 14 2.28 21

GibsonDunn&Crutcher 15 2.07 16

MilbankLLP 15 0.35 16

WeilGotshal&MangesLLP 15 2.21 16

LinklatersLLP 18 1.69 13

NixonPeabodyLLP 18 0.00 13

O'Melveny&MyersLLP 18 0.94 13

Page 19: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page17

USHighYieldCorporateBondsUSHighYieldCorporateBonds:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Latham&WatkinsLLP 1 13.312 19,510 32 2 10.193 3.119

Kirkland&Ellis 2 10.924 16,010 21 3 9.264 1.660

SimpsonThacher&Bartlett 3 7.390 10,830 15 1 10.674 -3.284

SkaddenArpsSlateMeagher&FlomLLP

4 5.960 8,734 16 4 8.821 -2.861

GibsonDunn&Crutcher 5 5.561 8,150 10 16 1.678 3.883

DavisPolk&Wardwell 6 5.327 7,807 12 6 3.822 1.505

Shearman&SterlingLLP 7 3.372 4,942 10 24 0.873 2.499

PillsburyWinthropShawPittmanLLP 8 3.326 4,875 2 - - 3.326

Ropes&GrayLLP 9 2.821 4,135 6 16 1.678 1.143

SidleyAustinLLP 10 2.692 3,945 6 7 3.617 -0.925

PaulWeissRifkindWharton&Garrison

11 2.361 3,460 7 19 1.566 0.795

Vinson&ElkinsLLP 12 2.218 3,250 5 20 1.529 0.689

White&CaseLLP 13 1.941 2,845 6 9 3.159 -1.218

CliffordChanceLLP 14 1.878 2,752 5 43 0.373 1.505

Sullivan&Cromwell 15 1.740 2,550 4 5 4.093 -2.353

ClearyGottliebSteen&Hamilton 16 1.484 2,175 5 15 1.799 -0.315

WeilGotshal&MangesLLP 17 1.433 2,100 3 21 1.305 0.128

HomburgerAG 18 1.377 2,019 3 10 2.610 -1.233

WachtellLiptonRosen&Katz 19 1.354 1,985 4 8 3.244 -1.890

FriedFrankHarrisShriver&Jacobson

20 1.313 1,925 4 12 2.163 -0.850

TOTAL 100% 146,557 238 100%

USHighYieldCorporateBonds:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Latham&WatkinsLLP 1 13.31 32

Kirkland&Ellis 2 10.92 21

SkaddenArpsSlateMeagher&FlomLLP

3 5.96 16

SimpsonThacher&Bartlett 4 7.39 15

DavisPolk&Wardwell 5 5.33 12

GibsonDunn&Crutcher 6 5.56 10

Shearman&SterlingLLP 6 3.37 10

PaulWeissRifkindWharton&Garrison

8 2.36 7

Ropes&GrayLLP 9 2.82 6

SidleyAustinLLP 9 2.69 6

White&CaseLLP 9 1.94 6

CahillGordon&Reindel 12 0.96 5

ClearyGottliebSteen&Hamilton 12 1.48 5

CliffordChanceLLP 12 1.88 5

CravathSwaine&Moore 12 0.74 5

MayerBrownLLP 12 1.28 5

Vinson&ElkinsLLP 12 2.22 5

FriedFrankHarrisShriver&Jacobson

18 1.31 4

Sullivan&Cromwell 18 1.74 4

WachtellLiptonRosen&Katz 18 1.35 4

Page 20: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page18

USHighYieldCorporateBondsUSHighYieldCorporateBonds:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

CahillGordon&Reindel 1 34.922 52,393 85 1 34.555 0.367

CravathSwaine&Moore 2 10.645 15,970 22 5 7.675 2.970

DavisPolk&Wardwell 3 9.610 14,418 47 3 9.116 0.494

SimpsonThacher&Bartlett 4 9.246 13,872 17 4 7.900 1.346

Latham&WatkinsLLP 5 9.137 13,708 24 2 15.085 -5.948

White&CaseLLP 6 2.899 4,350 8 22 0.538 2.361

MilbankLLP 7 2.546 3,820 8 - - 2.546

ClearyGottliebSteen&Hamilton 8 2.266 3,400 5 11 1.409 0.857

LinklatersLLP 9 2.183 3,275 4 6 3.708 -1.525

Shearman&SterlingLLP 10 2.060 3,090 4 13 1.261 0.799

Vinson&ElkinsLLP 11 1.876 2,815 7 15 1.001 0.875

GibsonDunn&Crutcher 12 1.666 2,500 4 8 1.780 -0.114

SkaddenArpsSlateMeagher&FlomLLP

13 1.629 2,444 8 7 2.222 -0.593

HuntonAndrewsKurthLLP 14 1.433 2,150 3 19 0.700 0.733

Sullivan&Cromwell 15 1.256 1,885 3 16 0.983 0.273

Allen&OveryLLP 16 1.066 1,600 1 12 1.324 -0.258

AshurstLLP 17 0.633 950 2 - - 0.633

BakerBottsLLP 18 0.617 925 2 18 0.713 -0.096

SidleyAustinLLP 19 0.571 856 5 17 0.969 -0.398

OrrickHerrington&SutcliffeLLP 20 0.500 750 1 - - 0.500

TOTAL 100% 150,027 266 100%

USHighYieldCorporateBonds:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

CahillGordon&Reindel 1 34.92 85

DavisPolk&Wardwell 2 9.61 47

Latham&WatkinsLLP 3 9.14 24

CravathSwaine&Moore 4 10.64 22

SimpsonThacher&Bartlett 5 9.25 17

MilbankLLP 6 2.55 8

SkaddenArpsSlateMeagher&FlomLLP

6 1.63 8

White&CaseLLP 6 2.90 8

Vinson&ElkinsLLP 9 1.88 7

ClearyGottliebSteen&Hamilton 10 2.27 5

SidleyAustinLLP 10 0.57 5

GibsonDunn&Crutcher 12 1.67 4

LinklatersLLP 12 2.18 4

Shearman&SterlingLLP 12 2.06 4

HuntonAndrewsKurthLLP 15 1.43 3

Sullivan&Cromwell 15 1.26 3

AshurstLLP 17 0.63 2

BakerBottsLLP 17 0.62 2

FriedFrankHarrisShriver&Jacobson

17 0.40 2

HenriqueSaldanhaAdvogados&Notarios

17 0.33 2

Page 21: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page19

CanadaEquityOfferingsCanadaEquityOfferings:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

BlakeCassels&GraydonLLP 1 14.294 2,397 18 9 3.643 10.651

StikemanElliott 2 13.717 2,300 14 1 18.329 -4.612

GreenbergTraurigLLP 3 10.329 1,732 2 - - 10.329

Kirkland&Ellis 3 10.329 1,732 2 - - 10.329

BordenLadnerGervaisLLP 5 7.494 1,257 9 17 1.544 5.950

GoodmansLLP 6 7.082 1,188 7 5 5.588 1.494

Torys 7 6.698 1,123 8 2 14.810 -8.112

OslerHoskin&HarcourtLLP 8 5.226 876 7 4 5.948 -0.722

AIRD&BerlisLLP 9 3.964 665 6 16 1.640 2.324

CasselsBrock&BlackwellLLP 10 2.224 373 11 12 2.431 -0.207

PaulWeissRifkindWharton&Garrison

11 1.980 332 4 10 3.525 -1.545

DaviesWardPhillips&VinebergLLP 12 1.948 327 2 30 0.455 1.493

GowlingWLG 13 1.715 287 7 14 2.246 -0.531

TroutmanSandersLLP 14 1.325 222 3 - - 1.325

FoglerRubinoffLLP 15 1.177 197 5 26 0.670 0.507

BennettJonesLLP 16 1.097 184 7 19 1.192 -0.095

McCarthyTetrault 17 1.080 181 4 7 3.992 -2.912

MorganLewis&BockiusLLP 18 0.980 164 1 24 0.789 0.191

SkaddenArpsSlateMeagher&FlomLLP

19 0.697 117 5 11 2.695 -1.998

Shearman&SterlingLLP 20 0.561 94 1 - - 0.561

TOTAL 100% 16,768 189 100%

CanadaEquityOfferings:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

BlakeCassels&GraydonLLP 1 14.29 18

StikemanElliott 2 13.72 14

CasselsBrock&BlackwellLLP 3 2.22 11

BordenLadnerGervaisLLP 4 7.49 9

MillerThomsonLLP 5 0.40 8

Torys 5 6.70 8

BennettJonesLLP 7 1.10 7

GoodmansLLP 7 7.08 7

GowlingWLG 7 1.71 7

McMillanLLP 7 0.37 7

OslerHoskin&HarcourtLLP 7 5.23 7

AIRD&BerlisLLP 12 3.96 6

Dorsey&WhitneyLLP 12 0.31 6

KoffmanKalefBusinessLawyers 12 0.23 6

DumoulinBlackLLP 15 0.01 5

FaskenMartineauDuMoulinLLP 15 0.51 5

FoglerRubinoffLLP 15 1.18 5

SkaddenArpsSlateMeagher&FlomLLP

15 0.70 5

McCarthyTetrault 19 1.08 4

PaulWeissRifkindWharton&Garrison

19 1.98 4

Page 22: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page20

CanadaEquityOfferingsCanadaEquityOfferings:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

BlakeCassels&GraydonLLP 1 22.186 3,706 20 3 10.238 11.948

McCarthyTetrault 2 17.281 2,887 12 5 6.881 10.400

StikemanElliott 3 13.734 2,294 22 1 18.156 -4.422

DavisPolk&Wardwell 4 12.058 2,014 2 16 1.773 10.285

OslerHoskin&HarcourtLLP 5 8.279 1,383 12 2 12.028 -3.749

Torys 6 3.333 557 9 4 9.734 -6.401

McMillanLLP 7 3.274 547 3 20 1.100 2.174

GoodmansLLP 8 2.872 480 1 27 0.330 2.542

SkaddenArpsSlateMeagher&FlomLLP

9 2.612 436 5 30 0.263 2.349

DaviesWardPhillips&VinebergLLP 10 2.497 417 4 9 3.092 -0.595

BakerMcKenzie 11 1.726 288 5 25 0.474 1.252

CasselsBrock&BlackwellLLP 12 1.621 271 12 7 3.213 -1.592

NortonRoseFulbrightLLP 13 1.519 254 2 14 2.332 -0.813

BordenLadnerGervaisLLP 14 1.194 200 7 6 5.867 -4.673

Latham&WatkinsLLP 15 0.927 155 1 11 2.844 -1.917

CooleyLLP 16 0.839 140 3 22 0.842 -0.003

DLAPiperLLP 17 0.791 132 5 15 1.999 -1.208

FaskenMartineauDuMoulinLLP 18 0.688 115 7 13 2.508 -1.820

WilmerHale 19 0.382 64 1 - - 0.382

K&LGatesLLP 20 0.324 54 1 - - 0.324

TOTAL 100% 16,705 184 100%

CanadaEquityOfferings:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

StikemanElliott 1 13.73 22

BlakeCassels&GraydonLLP 2 22.19 20

MillerThomsonLLP 3 0.03 13

CasselsBrock&BlackwellLLP 4 1.62 12

McCarthyTetrault 4 17.28 12

OslerHoskin&HarcourtLLP 4 8.28 12

Torys 7 3.33 9

BordenLadnerGervaisLLP 8 1.19 7

FaskenMartineauDuMoulinLLP 8 0.69 7

DumoulinBlackLLP 10 0.02 6

GetzPrinceWells 10 0.08 6

BakerMcKenzie 12 1.73 5

DLAPiperLLP 12 0.79 5

PetersonMcVicarLLP 12 0.01 5

SkaddenArpsSlateMeagher&FlomLLP

12 2.61 5

BurstallWingerLLP 16 0.03 4

DaviesWardPhillips&VinebergLLP

16 2.50 4

EllenoffGrossmanSchole&CyruliLLP

16 0.15 4

CooleyLLP 19 0.84 3

Dentons 19 0.27 3

Page 23: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page21

CanadaEquityIPOCanadaEquityIPO:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

BlakeCassels&GraydonLLP 1 46.530 1,231 2 6 2.030 44.500

GoodmansLLP 2 24.389 645 3 2 21.148 3.241

StikemanElliott 3 10.435 276 1 1 45.689 -35.254

Shearman&SterlingLLP 4 3.555 94 1 - - 3.555

Torys 4 3.555 94 1 - - 3.555

Harris&Harris 6 2.682 71 1 - - 2.682

CooleyLLP 7 2.415 64 1 - - 2.415

OslerHoskin&HarcourtLLP 7 2.415 64 1 - - 2.415

CasselsBrock&BlackwellLLP 9 2.056 54 2 21 0.065 1.991

FaskenMartineauDuMoulinLLP

10 0.586 16 3 - - 0.586

NorthwestLawGroup 11 0.400 11 3 12 0.166 0.234

SPaulSimpsonLawCorp 12 0.170 4 3 36 0.022 0.148

ChitizPathakLLP 13 0.076 2 1 13 0.105 -0.029

BurstallWingerLLP 14 0.068 2 2 10 0.236 -0.168

HeighingtonLawFirm 15 0.067 2 2 23 0.052 0.015

KoffmanKalefBusinessLawyers

16 0.066 2 4 - - 0.066

DumoulinBlackLLP 17 0.065 2 5 9 0.244 -0.179

DLAPiperLLP 18 0.046 1 1 5 6.072 -6.026

MillerThomsonLLP 19 0.038 1 3 27 0.039 -0.001

Lotz&Co 20 0.028 0.75 2 39 0.020 0.008

TOTAL 100% 2,645 66 100%

CanadaEquityIPO:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

DumoulinBlackLLP 1 0.06 5

KoffmanKalefBusinessLawyers

2 0.07 4

FaskenMartineauDuMoulinLLP

3 0.59 3

GoodmansLLP 3 24.39 3

MillerThomsonLLP 3 0.04 3

NorthwestLawGroup 3 0.40 3

SPaulSimpsonLawCorp 3 0.17 3

ArmstrongSimpson 8 0.02 2

BeadleRaven 8 0.02 2

BlakeCassels&GraydonLLP 8 46.53 2

BurstallWingerLLP 8 0.07 2

CasselsBrock&BlackwellLLP 8 2.06 2

HeighingtonLawFirm 8 0.07 2

Lotz&Co 8 0.03 2

McMillanLLP 8 0.02 2

AFGLawLLP 16 0.02 1

AIRD&BerlisLLP 16 0.02 1

BennettJonesLLP 16 0.02 1

BordenLadnerGervaisLLP 16 0.01 1

ChitizPathakLLP 16 0.08 1

Page 24: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page22

CanadaEquityIPOCanadaEquityIPO:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

StikemanElliott 1 49.802 1,290 2 6 3.026 46.776

GoodmansLLP 2 18.528 480 1 - - 18.528

OslerHoskin&HarcourtLLP 3 12.590 326 2 4 12.710 -0.120

McCarthyTetrault 4 6.909 179 3 1 33.170 -26.261

SkaddenArpsSlateMeagher&FlomLLP

5 5.329 138 1 - - 5.329

DLAPiperLLP 6 2.759 71 3 17 0.079 2.680

WilmerHale 7 2.467 64 1 - - 2.467

AlexanderHolburnBeaudin&Lang 8 0.386 10 1 - - 0.386

BlakeCassels&GraydonLLP 9 0.256 7 2 2 21.258 -21.002

MillerThomsonLLP 10 0.211 5 13 5 7.643 -7.432

DumoulinBlackLLP 11 0.153 4 6 16 0.099 0.054

GetzPrinceWells 12 0.132 3 5 20 0.058 0.074

BurstallWingerLLP 13 0.120 3 3 12 0.153 -0.033

PetersonMcVicarLLP 14 0.068 2 5 14 0.126 -0.058

TingleMerrettLLP 15 0.066 2 2 21 0.037 0.029

BurnetDuckworth&Palmer 16 0.049 1 1 11 0.197 -0.148

SalleyBowesHarwardt 17 0.031 0.80 3 22 0.027 0.004

GarfinkleBidermanLLP 18 0.029 0.74 2 - - 0.029

BordenLadnerGervaisLLP 19 0.024 0.62 1 13 0.147 -0.123

GowlingWLG 20 0.019 0.50 1 23 0.026 -0.007

TOTAL 100% 2,590 63 100%

CanadaEquityIPO:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

MillerThomsonLLP 1 0.21 13

DumoulinBlackLLP 2 0.15 6

GetzPrinceWells 3 0.13 5

PetersonMcVicarLLP 3 0.07 5

BurstallWingerLLP 5 0.12 3

DLAPiperLLP 5 2.76 3

McCarthyTetrault 5 6.91 3

SalleyBowesHarwardt 5 0.03 3

BlakeCassels&GraydonLLP 9 0.26 2

GarfinkleBidermanLLP 9 0.03 2

OslerHoskin&HarcourtLLP 9 12.59 2

StikemanElliott 9 49.80 2

TingleMerrettLLP 9 0.07 2

AlexanderHolburnBeaudin&Lang

14 0.39 1

BennettJonesLLP 14 0.01 1

BordenLadnerGervaisLLP 14 0.02 1

BurnetDuckworth&Palmer 14 0.05 1

DuntonRainvilleLLP 14 0.01 1

GoodmansLLP 14 18.53 1

GowlingWLG 14 0.02 1

Page 25: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page23

CanadaEquity&EquityLinkedCanadaEquity&EquityLinked:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

BlakeCassels&GraydonLLP 1 14.033 2,569 19 7 4.410 9.623

StikemanElliott 2 12.562 2,300 14 1 17.820 -5.258

GreenbergTraurigLLP 3 9.459 1,732 2 - - 9.459

Kirkland&Ellis 3 9.459 1,732 2 - - 9.459

BordenLadnerGervaisLLP 5 6.863 1,257 9 19 1.464 5.399

GoodmansLLP 6 6.486 1,188 7 5 5.597 0.889

Torys 7 6.135 1,123 8 2 14.040 -7.905

OslerHoskin&HarcourtLLP 8 5.640 1,033 8 4 5.639 0.001

AIRD&BerlisLLP 9 3.630 665 6 18 1.555 2.075

PaulWeissRifkindWharton&Garrison

10 2.102 385 5 10 3.341 -1.239

CasselsBrock&BlackwellLLP 11 2.037 373 11 12 2.483 -0.446

DaviesWardPhillips&VinebergLLP

12 1.784 327 2 24 0.940 0.844

FaskenMartineauDuMoulinLLP 13 1.620 297 7 6 4.447 -2.827

McMillanLLP 14 1.588 291 8 13 2.287 -0.699

GowlingWLG 15 1.570 287 7 15 2.129 -0.559

Jenner&BlockLLC 16 1.249 229 1 - - 1.249

FoglerRubinoffLLP 17 1.215 222 6 27 0.635 0.580

TroutmanSandersLLP 18 1.213 222 3 - - 1.213

McCarthyTetrault 19 1.177 216 5 8 3.915 -2.738

DLAPiperLLP 20 1.174 215 3 16 1.884 -0.710

TOTAL 100% 18,308 198 100%

CanadaEquity&EquityLinked:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

BlakeCassels&GraydonLLP 1 14.03 19

StikemanElliott 2 12.56 14

CasselsBrock&BlackwellLLP 3 2.04 11

BordenLadnerGervaisLLP 4 6.86 9

McMillanLLP 5 1.59 8

MillerThomsonLLP 5 0.37 8

OslerHoskin&HarcourtLLP 5 5.64 8

Torys 5 6.13 8

BennettJonesLLP 9 1.00 7

Dorsey&WhitneyLLP 9 1.01 7

FaskenMartineauDuMoulinLLP 9 1.62 7

GoodmansLLP 9 6.49 7

GowlingWLG 9 1.57 7

AIRD&BerlisLLP 14 3.63 6

FoglerRubinoffLLP 14 1.21 6

KoffmanKalefBusinessLawyers 14 0.21 6

DumoulinBlackLLP 17 0.01 5

McCarthyTetrault 17 1.18 5

PaulWeissRifkindWharton&Garrison

17 2.10 5

SkaddenArpsSlateMeagher&FlomLLP

17 0.64 5

Page 26: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page24

CanadaEquity&EquityLinkedCanadaEquity&EquityLinked:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

BlakeCassels&GraydonLLP 1 23.484 4,310 24 3 10.331 13.153

McCarthyTetrault 2 15.865 2,912 13 5 6.453 9.412

StikemanElliott 3 12.500 2,294 22 1 19.164 -6.664

DavisPolk&Wardwell 4 10.975 2,014 2 16 1.662 9.313

OslerHoskin&HarcourtLLP 5 8.475 1,556 13 2 11.280 -2.805

Torys 6 3.803 698 11 4 10.148 -6.345

McMillanLLP 7 2.980 547 3 20 1.032 1.948

GoodmansLLP 8 2.614 480 1 27 0.309 2.305

SkaddenArpsSlateMeagher&FlomLLP

9 2.377 436 5 30 0.247 2.130

DaviesWardPhillips&VinebergLLP 10 2.273 417 4 10 2.900 -0.627

PaulWeissRifkindWharton&Garrison

11 2.163 397 3 7 3.955 -1.792

CooleyLLP 12 2.040 374 4 22 0.789 1.251

BakerMcKenzie 13 1.571 288 5 25 0.445 1.126

CasselsBrock&BlackwellLLP 14 1.475 271 12 9 3.013 -1.538

NortonRoseFulbrightLLP 15 1.383 254 2 15 2.187 -0.804

BordenLadnerGervaisLLP 16 1.087 200 7 6 5.502 -4.415

Latham&WatkinsLLP 17 0.844 155 1 12 2.667 -1.823

DLAPiperLLP 18 0.720 132 5 8 3.072 -2.352

FaskenMartineauDuMoulinLLP 19 0.626 115 7 14 2.352 -1.726

BurnetDuckworth&Palmer 20 0.619 114 4 24 0.576 0.043

TOTAL 100% 18,354 194 100%

CanadaEquity&EquityLinked:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

BlakeCassels&GraydonLLP 1 23.48 24

StikemanElliott 2 12.50 22

McCarthyTetrault 3 15.86 13

MillerThomsonLLP 3 0.03 13

OslerHoskin&HarcourtLLP 3 8.48 13

CasselsBrock&BlackwellLLP 6 1.48 12

Torys 7 3.80 11

BordenLadnerGervaisLLP 8 1.09 7

FaskenMartineauDuMoulinLLP 8 0.63 7

DumoulinBlackLLP 10 0.02 6

GetzPrinceWells 10 0.08 6

BakerMcKenzie 12 1.57 5

DLAPiperLLP 12 0.72 5

PetersonMcVicarLLP 12 0.01 5

SkaddenArpsSlateMeagher&FlomLLP

12 2.38 5

BurnetDuckworth&Palmer 16 0.62 4

BurstallWingerLLP 16 0.03 4

CooleyLLP 16 2.04 4

DaviesWardPhillips&VinebergLLP

16 2.27 4

EllenoffGrossmanSchole&CyruliLLP

16 0.14 4

Page 27: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page25

CanadaEquity,EquityLinked&PreferredCanadaEquity,EquityLinked&Preferred:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

BlakeCassels&GraydonLLP 1 14.951 2,894 20 4 6.125 8.826

StikemanElliott 2 11.881 2,300 14 1 16.169 -4.288

GreenbergTraurigLLP 3 8.946 1,732 2 - - 8.946

Kirkland&Ellis 3 8.946 1,732 2 - - 8.946

BordenLadnerGervaisLLP 5 7.266 1,407 10 20 1.328 5.938

OslerHoskin&HarcourtLLP 6 7.142 1,383 9 3 6.635 0.507

Torys 7 6.706 1,298 10 2 12.739 -6.033

GoodmansLLP 8 6.135 1,188 7 6 5.078 1.057

AIRD&BerlisLLP 9 3.433 665 6 19 1.411 2.022

PaulWeissRifkindWharton&Garrison

10 1.988 385 5 11 3.032 -1.044

CasselsBrock&BlackwellLLP 11 1.926 373 11 13 2.253 -0.327

McMillanLLP 12 1.760 341 9 14 2.075 -0.315

DaviesWardPhillips&VinebergLLP

13 1.687 327 2 25 0.853 0.834

FaskenMartineauDuMoulinLLP 14 1.532 297 7 8 4.035 -2.503

GowlingWLG 15 1.485 287 7 16 1.932 -0.447

Jenner&BlockLLC 16 1.182 229 1 - - 1.182

FoglerRubinoffLLP 17 1.149 222 6 29 0.576 0.573

TroutmanSandersLLP 18 1.148 222 3 - - 1.148

McCarthyTetrault 19 1.114 216 5 7 4.967 -3.853

DLAPiperLLP 20 1.111 215 3 17 1.709 -0.598

TOTAL 100% 19,358 203 100%

CanadaEquity,EquityLinked&Preferred:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

BlakeCassels&GraydonLLP 1 14.95 20

StikemanElliott 2 11.88 14

CasselsBrock&BlackwellLLP 3 1.93 11

BordenLadnerGervaisLLP 4 7.27 10

Torys 4 6.71 10

McMillanLLP 6 1.76 9

OslerHoskin&HarcourtLLP 6 7.14 9

MillerThomsonLLP 8 0.35 8

BennettJonesLLP 9 0.95 7

Dorsey&WhitneyLLP 9 0.96 7

FaskenMartineauDuMoulinLLP 9 1.53 7

GoodmansLLP 9 6.13 7

GowlingWLG 9 1.49 7

AIRD&BerlisLLP 14 3.43 6

FoglerRubinoffLLP 14 1.15 6

KoffmanKalefBusinessLawyers 14 0.20 6

DumoulinBlackLLP 17 0.01 5

McCarthyTetrault 17 1.11 5

PaulWeissRifkindWharton&Garrison

17 1.99 5

SkaddenArpsSlateMeagher&FlomLLP

17 0.60 5

Page 28: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page26

CanadaEquity,EquityLinked&PreferredCanadaEquity,EquityLinked&Preferred:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

BlakeCassels&GraydonLLP 1 21.770 4,310 24 4 9.372 12.398

McCarthyTetrault 2 17.105 3,387 15 5 7.272 9.833

StikemanElliott 3 11.587 2,294 22 1 17.386 -5.799

DavisPolk&Wardwell 4 10.174 2,014 2 17 1.508 8.666

OslerHoskin&HarcourtLLP 5 8.614 1,706 14 3 10.233 -1.619

Torys 6 4.788 948 12 2 12.750 -7.962

GoodmansLLP 7 2.928 580 2 22 0.871 2.057

McMillanLLP 8 2.762 547 3 21 0.936 1.826

CravathSwaine&Moore 9 2.376 471 1 - - 2.376

SkaddenArpsSlateMeagher&FlomLLP

10 2.204 436 5 31 0.224 1.980

DaviesWardPhillips&VinebergLLP 11 2.107 417 4 10 2.734 -0.627

PaulWeissRifkindWharton&Garrison

12 2.005 397 3 8 3.588 -1.583

CooleyLLP 13 1.891 374 4 24 0.716 1.175

BakerMcKenzie 14 1.457 288 5 27 0.404 1.053

CasselsBrock&BlackwellLLP 15 1.367 271 12 11 2.734 -1.367

NortonRoseFulbrightLLP 16 1.282 254 2 16 1.984 -0.702

BordenLadnerGervaisLLP 17 1.008 200 7 6 4.992 -3.984

Latham&WatkinsLLP 18 0.782 155 1 13 2.420 -1.638

DLAPiperLLP 19 0.668 132 5 9 2.787 -2.119

FaskenMartineauDuMoulinLLP 20 0.580 115 7 15 2.134 -1.554

TOTAL 100% 19,799 200 100%

CanadaEquity,EquityLinked&Preferred:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

BlakeCassels&GraydonLLP 1 21.77 24

StikemanElliott 2 11.59 22

McCarthyTetrault 3 17.11 15

OslerHoskin&HarcourtLLP 4 8.61 14

MillerThomsonLLP 5 0.03 13

CasselsBrock&BlackwellLLP 6 1.37 12

Torys 6 4.79 12

BordenLadnerGervaisLLP 8 1.01 7

FaskenMartineauDuMoulinLLP 8 0.58 7

DumoulinBlackLLP 10 0.02 6

GetzPrinceWells 10 0.07 6

BakerMcKenzie 12 1.46 5

DLAPiperLLP 12 0.67 5

PetersonMcVicarLLP 12 0.01 5

SkaddenArpsSlateMeagher&FlomLLP

12 2.20 5

BurnetDuckworth&Palmer 16 0.57 4

BurstallWingerLLP 16 0.03 4

CooleyLLP 16 1.89 4

DaviesWardPhillips&VinebergLLP

16 2.11 4

EllenoffGrossmanSchole&CyruliLLP

16 0.13 4

Page 29: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page27

CanadaCorporateBondsCanadaCorporateBonds:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

OslerHoskin&HarcourtLLP 1 21.752 6,850 10 7 6.324 15.428

Torys 2 15.663 4,932 11 5 7.474 8.189

StikemanElliott 3 11.511 3,625 12 2 12.361 -0.850

BlakeCassels&GraydonLLP 4 10.320 3,250 5 9 5.174 5.146

NortonRoseFulbrightLLP 4 10.320 3,250 6 10 3.833 6.487

McCarthyTetrault 6 9.368 2,950 5 1 20.122 -10.754

DaviesWardPhillips&VinebergLLP

7 7.253 2,284 4 12 2.300 4.953

GibsonDunn&Crutcher 8 3.175 1,000 1 17 1.150 2.025

McGuireWoodsLLP 8 3.175 1,000 1 3 8.624 -5.449

BurnetDuckworth&Palmer 10 2.382 750 1 - - 2.382

FreshfieldsBruckhausDeringer 11 1.905 600 2 8 5.749 -3.844

AIRD&BerlisLLP 12 0.953 300 1 - - 0.953

CliffordChanceLLP 13 0.635 200 1 13 1.916 -1.281

FarrisVaughanWills&Murphy 13 0.635 200 1 - - 0.635

BordenLadnerGervaisLLP 15 0.476 150 1 - - 0.476

Dentons 15 0.476 150 1 - - 0.476

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 31,492 61 100%

CanadaCorporateBonds:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

StikemanElliott 1 11.51 12

Torys 2 15.66 11

OslerHoskin&HarcourtLLP 3 21.75 10

NortonRoseFulbrightLLP 4 10.32 6

BlakeCassels&GraydonLLP 5 10.32 5

McCarthyTetrault 5 9.37 5

DaviesWardPhillips&VinebergLLP

7 7.25 4

FreshfieldsBruckhausDeringer 8 1.91 2

AIRD&BerlisLLP 9 0.95 1

BordenLadnerGervaisLLP 9 0.48 1

BurnetDuckworth&Palmer 9 2.38 1

CliffordChanceLLP 9 0.64 1

Dentons 9 0.48 1

FarrisVaughanWills&Murphy 9 0.64 1

GibsonDunn&Crutcher 9 3.18 1

McGuireWoodsLLP 9 3.18 1

Page 30: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page28

CanadaCorporateBondsCanadaCorporateBonds:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Torys 1 20.067 5,050 7 12 1.895 18.172

OslerHoskin&HarcourtLLP 2 18.875 4,750 10 4 11.662 7.213

StikemanElliott 3 15.224 3,831 10 10 2.915 12.309

McCarthyTetrault 4 12.454 3,134 8 7 4.373 8.081

NortonRoseFulbrightLLP 5 10.133 2,550 4 16 1.166 8.967

BlakeCassels&GraydonLLP

6 7.947 2,000 4 - - 7.947

DavisPolk&Wardwell 7 3.974 1,000 1 - - 3.974

GibsonDunn&Crutcher 7 3.974 1,000 1 - - 3.974

BurnetDuckworth&Palmer 9 2.980 750 1 - - 2.980

Dentons 10 2.384 600 1 7 4.373 -1.989

LinklatersLLP 11 1.192 300 1 6 5.831 -4.639

CasselsBrock&BlackwellLLP

12 0.795 200 1 - - 0.795

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 25,165 48 100%

CanadaCorporateBonds:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

OslerHoskin&HarcourtLLP 1 18.88 10

StikemanElliott 1 15.22 10

McCarthyTetrault 3 12.45 8

Torys 4 20.07 7

BlakeCassels&GraydonLLP 5 7.95 4

NortonRoseFulbrightLLP 5 10.13 4

BurnetDuckworth&Palmer 7 2.98 1

CasselsBrock&BlackwellLLP

7 0.79 1

DavisPolk&Wardwell 7 3.97 1

Dentons 7 2.38 1

GibsonDunn&Crutcher 7 3.97 1

LinklatersLLP 7 1.19 1

Page 31: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page29

EMEAEquityIPOEMEAEquityIPO:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

LinklatersLLP 1 18.843 3,028 5 7 2.885 15.958

FreshfieldsBruckhausDeringer 2 13.385 2,151 3 8 2.726 10.659

Allen&OveryLLP 3 6.703 1,077 3 6 3.525 3.178

NiedererKraft&Frey 4 5.973 960 2 28 0.917 5.056

Kirkland&Ellis 5 4.819 774 1 46 0.522 4.297

StudioLegaleBonelliEredePappalardo

5 4.819 774 1 - - 4.819

BianchiSchwaldSarl 7 4.750 763 1 - - 4.750

BakerMcKenzie 8 4.293 690 2 11 2.210 2.083

AlTamimi&Co 9 3.313 532 1 68 0.130 3.183

Gernandt&Danielsson 10 2.873 462 2 73 0.098 2.775

Latham&WatkinsLLP 11 2.406 387 3 1 11.729 -9.323

BlakeCassels&GraydonLLP 12 2.241 360 1 - - 2.241

KromannReumert 13 1.810 291 1 - - 1.810

Shearman&SterlingLLP 13 1.810 291 1 - - 1.810

AbdullahiIbrahim&Co 15 1.425 229 1 - - 1.425

AZB&Partners 15 1.425 229 1 - - 1.425

LawOfficeofSalmanM.Al-Sudairi 17 1.288 207 1 38 0.648 0.640

HerbertSmithFreehills 18 1.245 200 1 18 1.485 -0.240

HomburgerAG 19 1.223 196 1 48 0.507 0.716

AdvokatfirmaetWiersholmAS 20 1.206 194 1 - - 1.206

TOTAL 100% 16,067 54 100%

EMEAEquityIPO:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

LinklatersLLP 1 18.84 5

AdvokatfirmaetSchjodtAS 2 0.83 3

Allen&OveryLLP 2 6.70 3

FreshfieldsBruckhausDeringer 2 13.38 3

Latham&WatkinsLLP 2 2.41 3

SetterwallsAdvokatbyraAB 2 0.56 3

BakerMcKenzie 7 4.29 2

CooleyLLP 7 0.49 2

Gernandt&Danielsson 7 2.87 2

GrossKleinhendlerHodakHalevyGreenberg&

7 0.47 2

NiedererKraft&Frey 7 5.97 2

White&CaseLLP 7 0.59 2

AZB&Partners 13 1.43 1

AbdulazizHAlFahad&Partners 13 0.58 1

AbdullahiIbrahim&Co 13 1.43 1

AdvokatfirmaetVogt&WiigAS 13 0.02 1

AdvokatfirmaetWiersholmAS 13 1.21 1

AlTamimi&Co 13 3.31 1

AntisTriantafyllidesandSons 13 0.79 1

BianchiSchwaldSarl 13 4.75 1

Page 32: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page30

EMEAEquityIPOEMEAEquityIPO:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

CliffordChanceLLP 1 29.722 3,957 4 5 4.046 25.676

LinklatersLLP 2 17.675 2,353 4 7 3.860 13.815

Latham&WatkinsLLP 3 12.841 1,710 4 2 10.130 2.711

LombardiSegnieAssociati 4 8.723 1,161 1 - - 8.723

White&CaseLLP 5 7.637 1,017 4 4 5.313 2.324

GoodmansLLP 6 2.704 360 1 - - 2.704

OlaniwunAyajiLP 7 2.580 343 1 - - 2.580

FreshfieldsBruckhausDeringer 8 2.292 305 1 3 5.503 -3.211

Bech-Bruun 9 2.185 291 1 - - 2.185

SkaddenArpsSlateMeagher&FlomLLP

10 1.928 257 2 29 0.760 1.168

StephensonHarwood 11 1.502 200 1 22 1.016 0.486

AdvokatfirmaetBAHRAS 12 1.455 194 1 - - 1.455

Allens 13 1.075 143 1 - - 1.075

GoodwinProcterLLP 14 1.049 140 2 - - 1.049

ChryssesDemetriades&Co 15 0.951 127 1 - - 0.951

Zulficar&Partners 16 0.745 99 1 - - 0.745

JonesDay 17 0.584 78 1 - - 0.584

BakerMcKenzie 18 0.553 74 2 25 0.818 -0.265

CooleyLLP 19 0.488 65 1 - - 0.488

FischerBeharChenWellOrion&Co 20 0.477 64 1 - - 0.477

TOTAL 100% 13,315 37 100%

EMEAEquityIPO:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

CliffordChanceLLP 1 29.72 4

Latham&WatkinsLLP 1 12.84 4

LinklatersLLP 1 17.68 4

White&CaseLLP 1 7.64 4

AdvokatfirmaetWiersholmAS 5 0.32 2

BakerMcKenzie 5 0.55 2

GoodwinProcterLLP 5 1.05 2

MintzLevinCohnFerrisGlovsky&PopeoPC

5 0.22 2

SkaddenArpsSlateMeagher&FlomLLP

5 1.93 2

AdvokatfirmaetBAHRAS 10 1.45 1

AdvokatfirmaetThommessenAS 10 0.44 1

Agmon&CoRosenbergHacohen&Co

10 0.10 1

Allens 10 1.08 1

ArntzenDeBescheAdvokatfirmaAS

10 0.27 1

BakerBottsLLP 10 0.40 1

Bech-Bruun 10 2.18 1

ChryssesDemetriades&Co 10 0.95 1

CooleyLLP 10 0.49 1

FieldfisherLLP 10 0.07 1

FischerBeharChenWellOrion&Co

10 0.48 1

Page 33: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page31

EMEAEquityOfferingsEMEAEquityOfferings:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

FreshfieldsBruckhausDeringer 1 22.923 7,416 8 10 2.489 20.434

LinklatersLLP 2 12.833 4,152 10 5 5.026 7.807

Loyens&Loeff 3 5.751 1,861 2 3 5.198 0.553

Latham&WatkinsLLP 4 4.912 1,589 8 1 8.684 -3.772

Allen&OveryLLP 5 4.537 1,468 5 8 3.259 1.278

BakerMcKenzie 6 3.143 1,017 7 9 2.518 0.625

NiedererKraft&Frey 7 2.966 960 2 40 0.613 2.353

Kirkland&Ellis 8 2.471 799 2 60 0.349 2.122

StudioLegaleBonelliEredePappalardo

9 2.393 774 1 - - 2.393

BianchiSchwaldSarl 10 2.359 763 1 - - 2.359

AlTamimi&Co 11 1.645 532 1 81 0.167 1.478

CliffordChanceLLP 12 1.480 479 2 6 4.793 -3.313

White&CaseLLP 13 1.449 469 6 4 5.143 -3.694

Gernandt&Danielsson 14 1.427 462 2 89 0.144 1.283

PaulWeissRifkindWharton&Garrison

15 1.368 443 2 12 1.973 -0.605

SlaughterandMay 15 1.368 443 2 15 1.881 -0.513

GoodwinProcterLLP 17 1.339 433 4 19 1.453 -0.114

Alston&BirdLLP 18 1.298 420 1 - - 1.298

CooleyLLP 19 1.271 411 7 11 2.124 -0.853

ClearyGottliebSteen&Hamilton 20 1.246 403 2 - - 1.246

TOTAL 100% 32,353 133 100%

EMEAEquityOfferings:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

LinklatersLLP 1 12.83 10

FreshfieldsBruckhausDeringer 2 22.92 8

Latham&WatkinsLLP 2 4.91 8

BakerMcKenzie 4 3.14 7

CooleyLLP 4 1.27 7

White&CaseLLP 6 1.45 6

AdvokatfirmaetSchjodtAS 7 0.51 5

Allen&OveryLLP 7 4.54 5

AdvokatfirmanVingeKB 9 0.38 4

GoodwinProcterLLP 9 1.34 4

McDermottWill&EmeryLLPINC 9 0.14 4

SetterwallsAdvokatbyraAB 9 0.31 4

DLAPiperLLP 13 1.06 3

GrossKleinhendlerHodakHalevyGreenberg&

13 0.25 3

MeitarLiquornikGeva&Co 13 0.47 3

AdvokatfirmaetBAHRAS 16 0.17 2

AdvokatfirmaetVogt&WiigAS 16 0.10 2

ClaytonUtz 16 0.27 2

ClearyGottliebSteen&Hamilton 16 1.25 2

CliffordChanceLLP 16 1.48 2

Page 34: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page32

EMEAEquityOfferingsEMEAEquityOfferings:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

LinklatersLLP 1 21.195 6,220 10 4 5.971 15.224

CliffordChanceLLP 2 16.712 4,905 6 8 2.864 13.848

Allen&OveryLLP 3 13.431 3,942 6 5 4.884 8.547

Latham&WatkinsLLP 4 9.200 2,700 8 3 9.006 0.194

White&CaseLLP 5 6.426 1,886 10 2 10.887 -4.461

LombardiSegnieAssociati 6 3.957 1,161 1 - - 3.957

FreshfieldsBruckhausDeringer 7 2.248 660 5 6 4.875 -2.627

ClearyGottliebSteen&Hamilton 8 2.167 636 2 49 0.226 1.941

Winston&StrawnLLP 9 2.163 635 1 11 1.791 0.372

KromannReumert 10 1.959 575 1 20 1.069 0.890

CahillGordon&Reindel 11 1.567 460 1 57 0.182 1.385

DavisPolk&Wardwell 12 1.549 455 4 7 3.051 -1.502

AshurstLLP 13 1.371 402 2 14 1.591 -0.220

GoodmansLLP 14 1.227 360 1 - - 1.227

OlaniwunAyajiLP 15 1.170 343 1 - - 1.170

SkaddenArpsSlateMeagher&FlomLLP

16 1.109 325 3 23 1.000 0.109

Bech-Bruun 17 0.991 291 1 - - 0.991

Shearman&SterlingLLP 18 0.984 289 2 12 1.692 -0.708

JonesDay 19 0.978 287 2 - - 0.978

Gernandt&Danielsson 20 0.761 223 1 66 0.126 0.635

TOTAL 100% 29,348 101 100%

EMEAEquityOfferings:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

LinklatersLLP 1 21.20 10

White&CaseLLP 1 6.43 10

Latham&WatkinsLLP 3 9.20 8

Allen&OveryLLP 4 13.43 6

CliffordChanceLLP 4 16.71 6

FreshfieldsBruckhausDeringer 6 2.25 5

GoodwinProcterLLP 6 0.64 5

DavisPolk&Wardwell 8 1.55 4

BakerMcKenzie 9 0.43 3

MintzLevinCohnFerrisGlovsky&PopeoPC

9 0.54 3

SkaddenArpsSlateMeagher&FlomLLP

9 1.11 3

AdvokatfirmaetThommessenAS 12 0.21 2

AdvokatfirmaetWiersholmAS 12 0.15 2

AshurstLLP 12 1.37 2

BowmanGilfillan 12 0.32 2

ClearyGottliebSteen&Hamilton 12 2.17 2

CooleyLLP 12 0.26 2

GideLoyretteNouel 12 0.14 2

HerbertSmithFreehills 12 0.07 2

JonesDay 12 0.98 2

Page 35: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page33

AIMEquityOfferingsAIMEquityOfferings:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(GBP

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

SkaddenArpsSlateMeagher&FlomLLP

1 52.289 300 1 - - 52.289

JonesDay 2 14.505 83 1 - - 14.505

GowlingWLG 3 7.994 46 1 9 4.050 3.944

NCTMStudioLegaleAssociato 4 5.010 29 2 30 0.484 4.526

OsborneClarkeEuropeOWA 5 4.879 28 1 25 0.876 4.003

DACBeachcroftLLP 6 3.615 21 1 - - 3.615

HoganLovellsUSLLP 7 3.485 20 1 2 6.567 -3.082

PinsentMasons 8 2.541 15 1 15 2.322 0.219

DLAPiperLLP 9 2.258 13 2 4 4.854 -2.596

Simmons&Simmons 10 1.726 10 1 - - 1.726

GianniOrigoniGrippoCapelliPartners

11 1.074 6 1 32 0.385 0.689

DentonsEuropeAARPI 12 0.624 4 1 - - 0.624

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 574 14 100%

AIMEquityOfferings:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

DLAPiperLLP 1 2.26 2

NCTMStudioLegaleAssociato 1 5.01 2

DACBeachcroftLLP 3 3.62 1

DentonsEuropeAARPI 3 0.62 1

GianniOrigoniGrippoCapelliPartners

3 1.07 1

GowlingWLG 3 7.99 1

HoganLovellsUSLLP 3 3.48 1

JonesDay 3 14.50 1

OsborneClarkeEuropeOWA 3 4.88 1

PinsentMasons 3 2.54 1

Simmons&Simmons 3 1.73 1

SkaddenArpsSlateMeagher&FlomLLP

3 52.29 1

Page 36: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page34

AIMEquityOfferingsAIMEquityOfferings:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(GBP

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

TraversSmith 1 45.542 83 1 4 7.432 38.110

AddleshawGoddard 2 15.317 28 1 12 2.043 13.274

StudioLegalePedersolieAssociati

3 14.392 26 1 - - 14.392

FieldfisherLLP 4 11.351 21 1 3 10.116 1.235

CMS 5 7.978 15 1 14 1.369 6.609

Dentons 6 5.419 10 1 27 0.142 5.277

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 183 6 100%

AIMEquityOfferings:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

AddleshawGoddard 1 15.32 1

CMS 1 7.98 1

Dentons 1 5.42 1

FieldfisherLLP 1 11.35 1

StudioLegalePedersolieAssociati

1 14.39 1

TraversSmith 1 45.54 1

Page 37: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page35

EuropeanBondsEuropeanBonds:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 18.080 60,124 112 1 14.356 3.724

Sullivan&Cromwell 2 12.919 42,962 22 3 13.093 -0.174

CliffordChanceLLP 3 10.264 34,134 72 4 11.829 -1.565

White&CaseLLP 4 8.856 29,451 57 5 7.247 1.609

LinklatersLLP 5 8.099 26,932 41 2 13.983 -5.884

ClearyGottliebSteen&Hamilton 6 5.574 18,536 19 6 5.977 -0.403

DavisPolk&Wardwell 7 5.209 17,323 23 7 4.680 0.529

Latham&WatkinsLLP 8 4.030 13,401 23 12 1.734 2.296

Cuatrecasas 9 2.553 8,489 1 - - 2.553

NautaDutilh 10 2.473 8,224 25 8 3.655 -1.182

FreshfieldsBruckhausDeringer 11 2.372 7,887 25 9 2.962 -0.590

HomburgerAG 12 2.092 6,958 10 11 1.962 0.130

CravathSwaine&Moore 13 1.959 6,515 13 28 0.277 1.682

SlaughterandMay 14 1.545 5,138 17 10 2.622 -1.077

Shearman&SterlingLLP 15 1.148 3,819 7 60 0.089 1.059

JeantetAssocies 16 0.957 3,183 6 88 0.023 0.934

Ropes&GrayLLP 17 0.915 3,043 4 22 0.479 0.436

SidleyAustinLLP 18 0.805 2,677 5 44 0.144 0.661

SkaddenArpsSlateMeagher&FlomLLP

19 0.665 2,212 3 43 0.153 0.512

SimpsonThacher&Bartlett 20 0.644 2,140 4 16 0.845 -0.201

WeilGotshal&MangesLLP 21 0.627 2,085 4 25 0.382 0.245

TOTAL 100% 332,551 575 100%

EuropeanBonds:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Allen&OveryLLP 1 18.08 112

CliffordChanceLLP 2 10.26 72

White&CaseLLP 3 8.86 57

LinklatersLLP 4 8.10 41

FreshfieldsBruckhausDeringer 5 2.37 25

NautaDutilh 5 2.47 25

DavisPolk&Wardwell 7 5.21 23

Latham&WatkinsLLP 7 4.03 23

Sullivan&Cromwell 9 12.92 22

ClearyGottliebSteen&Hamilton 10 5.57 19

SlaughterandMay 11 1.55 17

CravathSwaine&Moore 12 1.96 13

LawSquarebcvba 13 0.09 11

HomburgerAG 14 2.09 10

Simmons&Simmons/Amsterdam 15 0.27 8

Shearman&SterlingLLP 16 1.15 7

AshurstLLP 17 0.16 6

JeantetAssocies 17 0.96 6

SidleyAustinLLP 19 0.80 5

AdvokatfirmaetBugge,Artenz-Hansen&Rasmus

20 0.12 4

Page 38: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page36

EuropeanBondsEuropeanBonds:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 33.817 154,224 284 1 29.472 4.345

LinklatersLLP 2 13.064 59,578 91 2 16.215 -3.151

CliffordChanceLLP 3 10.651 48,573 110 3 14.546 -3.895

White&CaseLLP 4 10.179 46,421 92 4 7.973 2.206

HengelerMueller 5 4.913 22,405 56 5 7.056 -2.143

DavisPolk&Wardwell 6 4.274 19,494 23 10 2.126 2.148

HoganLovellsUSLLP 7 3.444 15,704 47 7 3.458 -0.014

SimpsonThacher&Bartlett 8 3.402 15,515 15 6 4.288 -0.886

ClearyGottliebSteen&Hamilton 9 2.425 11,059 11 14 0.776 1.649

Latham&WatkinsLLP 10 1.940 8,849 19 8 2.663 -0.723

Abreu,Cardigos&Associados 11 1.861 8,489 1 - - 1.861

Shearman&SterlingLLP 12 1.690 7,706 12 13 0.817 0.873

SkaddenArpsSlateMeagher&FlomLLP

13 1.610 7,344 5 9 2.486 -0.876

FreshfieldsBruckhausDeringer 14 1.296 5,913 15 16 0.598 0.698

CahillGordon&Reindel 15 1.004 4,580 8 11 0.899 0.105

CravathSwaine&Moore 16 0.744 3,391 4 17 0.553 0.191

SidleyAustinLLP 17 0.678 3,090 3 12 0.827 -0.149

MilbankLLP 18 0.549 2,503 6 - - 0.549

GideLoyretteNouel 19 0.451 2,055 4 20 0.361 0.090

KollikHammermullerKrassniggRechtsanwalte

20 0.291 1,328 1 - - 0.291

TOTAL 100% 456,054 826 100%

EuropeanBonds:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Allen&OveryLLP 1 33.82 284

CliffordChanceLLP 2 10.65 110

White&CaseLLP 3 10.18 92

LinklatersLLP 4 13.06 91

HengelerMueller 5 4.91 56

HoganLovellsUSLLP 6 3.44 47

DavisPolk&Wardwell 7 4.27 23

Latham&WatkinsLLP 8 1.94 19

FreshfieldsBruckhausDeringer 9 1.30 15

SimpsonThacher&Bartlett 9 3.40 15

JonesDay 11 0.07 12

Shearman&SterlingLLP 11 1.69 12

ClearyGottliebSteen&Hamilton 13 2.42 11

CahillGordon&Reindel 14 1.00 8

MilbankLLP 15 0.55 6

SkaddenArpsSlateMeagher&FlomLLP

16 1.61 5

CravathSwaine&Moore 17 0.74 4

GideLoyretteNouel 17 0.45 4

SidleyAustinLLP 19 0.68 3

SlaughterandMay 19 0.10 3

Page 39: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page37

EMEACorporateHighYieldBonds(incEM)EMEACorporateHighYieldBonds(incEM)-Risk:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank PrevMktShare(%) MktShareChg(%)

Latham&WatkinsLLP 1 19.941 6,683 15 2 12.453 7.488

Allen&OveryLLP 2 13.275 4,449 11 3 9.508 3.767

Ropes&GrayLLP 3 9.080 3,043 4 6 5.343 3.737

Shearman&SterlingLLP 4 8.726 2,924 6 23 0.867 7.859

White&CaseLLP 5 8.641 2,896 7 9 3.498 5.143

SimpsonThacher&Bartlett 6 6.441 2,159 5 4 6.030 0.411

CliffordChanceLLP 7 6.349 2,128 4 10 2.938 3.411

Kirkland&Ellis 8 5.044 1,690 6 1 19.995 -14.951

LinklatersLLP 9 4.089 1,370 3 7 4.587 -0.498

MilbankLLP 10 2.238 750 1 - - 2.238

WeilGotshal&MangesLLP

11 2.113 708 1 8 4.168 -2.055

SidleyAustinLLP 12 1.939 650 2 17 1.407 0.532

Debevoise&PlimptonLLP 13 1.790 600 1 24 0.758 1.032

RHB 14 1.708 573 1 - - 1.708

MayerBrownLLP 15 1.462 490 1 29 0.422 1.040

GideLoyretteNouel 16 1.343 450 1 - - 1.343

NortonRoseFulbrightLLP 17 1.194 400 1 16 1.502 -0.308

ElvingerHoss&Prussen 18 1.151 386 2 - - 1.151

WilliamFry 18 1.151 386 2 - - 1.151

DLAPiperLLP 20 0.821 275 1 - - 0.821

TOTAL 100% 33,514 73 100%

EMEACorporateHighYieldBonds(incEM)-Risk:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Latham&WatkinsLLP 1 19.94 15

Allen&OveryLLP 2 13.28 11

White&CaseLLP 3 8.64 7

Kirkland&Ellis 4 5.04 6

Shearman&SterlingLLP 4 8.73 6

SimpsonThacher&Bartlett 6 6.44 5

CliffordChanceLLP 7 6.35 4

Ropes&GrayLLP 7 9.08 4

LinklatersLLP 9 4.09 3

ElvingerHoss&Prussen 10 1.15 2

SidleyAustinLLP 10 1.94 2

WilliamFry 10 1.15 2

AdvokatfirmaetThommessenAS

13 0.60 1

CravathSwaine&Moore 13 0.27 1

DLAPiperLLP 13 0.82 1

Debevoise&PlimptonLLP 13 1.79 1

FreshfieldsBruckhausDeringer

13 0.37 1

GideLoyretteNouel 13 1.34 1

MayerBrownLLP 13 1.46 1

MilbankLLP 13 2.24 1

Page 40: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page38

EMEACorporateHighYieldBonds(incEM)EMEACorporateHighYieldBonds(incEM)-Risk:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 25.886 8,879 14 4 12.115 13.771

CahillGordon&Reindel 2 11.152 3,825 7 5 11.018 0.134

Latham&WatkinsLLP 3 9.450 3,241 9 1 25.698 -16.248

White&CaseLLP 4 8.221 2,820 7 3 12.288 -4.067

Shearman&SterlingLLP 5 7.999 2,744 7 8 2.874 5.125

MilbankLLP 6 7.298 2,503 6 - - 7.298

CliffordChanceLLP 7 5.831 2,000 2 15 0.841 4.990

CravathSwaine&Moore 8 5.309 1,821 3 7 3.542 1.767

LinklatersLLP 9 4.635 1,590 3 2 17.299 -12.664

Ropes&GrayLLP 10 3.717 1,275 2 11 1.400 2.317

SimpsonThacher&Bartlett 11 2.646 908 2 - - 2.646

HoganLovellsUSLLP 12 1.749 600 1 - - 1.749

McCannFitzgerald 13 1.687 579 2 - - 1.687

DavisPolk&Wardwell 14 1.430 491 1 - - 1.430

BakerMcKenzie 15 1.166 400 1 19 0.261 0.905

FreshfieldsBruckhausDeringer 16 0.729 250 1 9 1.524 -0.795

AdvokatfirmaetWiersholmAS 17 0.583 200 1 - - 0.583

MilbankTweedHadley&McCloyLLP

18 0.510 175 1 6 4.030 -3.520

- - - - - - - -

- - - - - - - -

TOTAL 100% 34,301 67 100%

EMEACorporateHighYieldBonds(incEM)-Risk:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Allen&OveryLLP 1 25.89 14

Latham&WatkinsLLP 2 9.45 9

CahillGordon&Reindel 3 11.15 7

Shearman&SterlingLLP 3 8.00 7

White&CaseLLP 3 8.22 7

MilbankLLP 6 7.30 6

CravathSwaine&Moore 7 5.31 3

LinklatersLLP 7 4.64 3

CliffordChanceLLP 9 5.83 2

McCannFitzgerald 9 1.69 2

Ropes&GrayLLP 9 3.72 2

SimpsonThacher&Bartlett 9 2.65 2

AdvokatfirmaetWiersholmAS 13 0.58 1

BakerMcKenzie 13 1.17 1

DavisPolk&Wardwell 13 1.43 1

FreshfieldsBruckhausDeringer 13 0.73 1

HoganLovellsUSLLP 13 1.75 1

MilbankTweedHadley&McCloyLLP

13 0.51 1

Page 41: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page39

EMEACorporateInvestmentGradeBonds(incEM)EMEACorporateInvestmentGradeBonds(incEM):LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 27.086 17,896 27 1 20.582 6.504

CliffordChanceLLP 2 13.067 8,633 23 2 16.877 -3.810

FreshfieldsBruckhausDeringer 3 9.606 6,347 17 3 10.396 -0.790

White&CaseLLP 4 7.265 4,800 15 5 6.849 0.416

LinklatersLLP 5 5.440 3,595 7 4 9.269 -3.829

SkaddenArpsSlateMeagher&FlomLLP

6 5.297 3,500 4 31 0.280 5.017

Latham&WatkinsLLP 7 4.208 2,780 6 6 5.387 -1.179

WilmerHale 8 3.784 2,500 2 - - 3.784

SlaughterandMay 9 3.038 2,007 6 9 2.555 0.483

HuntonAndrewsKurthLLP 10 3.027 2,000 3 - - 3.027

ClearyGottliebSteen&Hamilton 11 2.909 1,922 5 7 4.372 -1.463

SidleyAustinLLP 12 2.044 1,351 3 19 0.735 1.309

OrrickHerrington&SutcliffeLLP 13 2.043 1,350 3 18 0.930 1.113

Shearman&SterlingLLP 14 1.892 1,250 2 - - 1.892

O'Melveny&MyersLLP 15 1.665 1,100 1 26 0.490 1.175

JonesDay 16 1.514 1,000 2 - - 1.514

Shin&Kim 17 1.263 834 4 33 0.170 1.093

CravathSwaine&Moore 18 1.165 770 1 - - 1.165

GianniOrigoniGrippoCapelliPartners

19 0.757 500 1 - - 0.757

Allen&Gledhill 20 0.683 451 1 - - 0.683

TOTAL 100% 66,071 140 100%

EMEACorporateInvestmentGradeBonds(incEM):LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Allen&OveryLLP 1 27.09 27

CliffordChanceLLP 2 13.07 23

FreshfieldsBruckhausDeringer 3 9.61 17

White&CaseLLP 4 7.26 15

LinklatersLLP 5 5.44 7

Latham&WatkinsLLP 6 4.21 6

SlaughterandMay 6 3.04 6

ClearyGottliebSteen&Hamilton 8 2.91 5

Shin&Kim 9 1.26 4

SkaddenArpsSlateMeagher&FlomLLP

9 5.30 4

HuntonAndrewsKurthLLP 11 3.03 3

OrrickHerrington&SutcliffeLLP 11 2.04 3

SidleyAustinLLP 11 2.04 3

BowmanGilfillan 14 0.05 2

JonesDay 14 1.51 2

Shearman&SterlingLLP 14 1.89 2

WilmerHale 14 3.78 2

Allen&Gledhill 18 0.68 1

AshurstLLP 18 0.15 1

BakerMcKenzie 18 0.67 1

Page 42: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page40

EMEACorporateInvestmentGradeBonds(incEM)EMEACorporateInvestmentGradeBonds(incEM):LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 25.581 22,151 60 2 23.444 2.137

CliffordChanceLLP 2 18.248 15,801 31 1 28.401 -10.153

White&CaseLLP 3 13.351 11,561 23 4 10.518 2.833

HoganLovellsUSLLP 4 8.336 7,219 12 6 4.303 4.033

Latham&WatkinsLLP 5 8.107 7,020 6 10 1.123 6.984

LinklatersLLP 6 8.079 6,996 14 3 16.089 -8.010

Alston&BirdLLP 7 4.042 3,500 4 - - 4.042

DavisPolk&Wardwell 8 3.234 2,800 3 13 0.656 2.578

SimpsonThacher&Bartlett 9 2.310 2,000 3 - - 2.310

HengelerMueller 10 2.021 1,750 3 5 4.997 -2.976

FreshfieldsBruckhausDeringer

11 1.732 1,500 2 20 0.169 1.563

SidleyAustinLLP 12 1.270 1,100 1 12 0.783 0.487

GideLoyretteNouel 13 1.155 1,000 1 - - 1.155

Shearman&SterlingLLP 13 1.155 1,000 2 7 2.476 -1.321

Simmons&Simmons 15 0.693 600 1 17 0.330 0.363

Sullivan&Cromwell 16 0.361 312 2 9 1.675 -1.314

HomburgerAG 17 0.289 250 1 - - 0.289

BowmanGilfillan 18 0.036 31 2 18 0.262 -0.226

- - - - - - - -

- - - - - - - -

TOTAL 100% 86,591 170 100%

EMEACorporateInvestmentGradeBonds(incEM):LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Allen&OveryLLP 1 25.58 60

CliffordChanceLLP 2 18.25 31

White&CaseLLP 3 13.35 23

LinklatersLLP 4 8.08 14

HoganLovellsUSLLP 5 8.34 12

Latham&WatkinsLLP 6 8.11 6

Alston&BirdLLP 7 4.04 4

DavisPolk&Wardwell 8 3.23 3

HengelerMueller 8 2.02 3

SimpsonThacher&Bartlett 8 2.31 3

BowmanGilfillan 11 0.04 2

FreshfieldsBruckhausDeringer

11 1.73 2

Shearman&SterlingLLP 11 1.15 2

Sullivan&Cromwell 11 0.36 2

GideLoyretteNouel 15 1.15 1

HomburgerAG 15 0.29 1

SidleyAustinLLP 15 1.27 1

Simmons&Simmons 15 0.69 1

Page 43: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page41

WesternEuropeanCorporateHighYieldBondsWesternEuropeanCorporateHighYieldBonds-Risk:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Latham&WatkinsLLP 1 22.831 6,683 15 2 13.444 9.387

Allen&OveryLLP 2 13.684 4,006 10 9 4.637 9.047

Ropes&GrayLLP 3 10.396 3,043 4 5 7.227 3.169

Shearman&SterlingLLP 4 9.990 2,924 6 19 1.173 8.817

SimpsonThacher&Bartlett 5 7.374 2,159 5 3 8.157 -0.783

White&CaseLLP 6 7.201 2,108 5 7 4.732 2.469

Kirkland&Ellis 7 5.775 1,690 6 1 17.863 -12.088

CliffordChanceLLP 8 4.441 1,300 2 23 0.614 3.827

MilbankLLP 9 2.562 750 1 - - 2.562

WeilGotshal&MangesLLP 10 2.419 708 1 6 5.638 -3.219

SidleyAustinLLP 11 2.221 650 2 - - 2.221

Debevoise&PlimptonLLP 12 2.050 600 1 - - 2.050

GideLoyretteNouel 13 1.537 450 1 - - 1.537

NortonRoseFulbrightLLP 14 1.367 400 1 14 2.032 -0.665

ElvingerHoss&Prussen 15 1.318 386 2 - - 1.318

WilliamFry 15 1.318 386 2 - - 1.318

DLAPiperLLP 17 0.939 275 1 - - 0.939

LinklatersLLP 18 0.854 250 1 8 4.659 -3.805

AdvokatfirmaetThommessenAS

19 0.683 200 1 - - 0.683

FreshfieldsBruckhausDeringer

20 0.427 125 1 13 2.211 -1.784

TOTAL 100% 29,272 64 100%

WesternEuropeanCorporateHighYieldBonds-Risk:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Latham&WatkinsLLP 1 22.83 15

Allen&OveryLLP 2 13.68 10

Kirkland&Ellis 3 5.77 6

Shearman&SterlingLLP 3 9.99 6

SimpsonThacher&Bartlett 5 7.37 5

White&CaseLLP 5 7.20 5

Ropes&GrayLLP 7 10.40 4

CliffordChanceLLP 8 4.44 2

ElvingerHoss&Prussen 8 1.32 2

SidleyAustinLLP 8 2.22 2

WilliamFry 8 1.32 2

AdvokatfirmaetThommessenAS

12 0.68 1

CravathSwaine&Moore 12 0.31 1

DLAPiperLLP 12 0.94 1

Debevoise&PlimptonLLP 12 2.05 1

FreshfieldsBruckhausDeringer

12 0.43 1

GideLoyretteNouel 12 1.54 1

LinklatersLLP 12 0.85 1

MilbankLLP 12 2.56 1

NortonRoseFulbrightLLP 12 1.37 1

Page 44: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page42

WesternEuropeanCorporateHighYieldBondsWesternEuropeanCorporateHighYieldBonds-Risk:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 20.724 6,235 7 4 9.581 11.143

CahillGordon&Reindel 2 12.716 3,825 7 3 14.298 -1.582

Latham&WatkinsLLP 3 10.774 3,241 9 1 30.683 -19.909

Shearman&SterlingLLP 4 9.120 2,744 7 8 3.730 5.390

White&CaseLLP 5 8.543 2,570 6 2 15.257 -6.714

MilbankLLP 6 8.321 2,503 6 - - 8.321

CravathSwaine&Moore 7 6.053 1,821 3 7 4.597 1.456

LinklatersLLP 8 5.285 1,590 3 5 7.180 -1.895

CliffordChanceLLP 9 4.986 1,500 1 13 1.091 3.895

Ropes&GrayLLP 10 4.238 1,275 2 - - 4.238

HoganLovellsUSLLP 11 1.994 600 1 - - 1.994

McCannFitzgerald 12 1.924 579 2 - - 1.924

DavisPolk&Wardwell 13 1.631 491 1 - - 1.631

BakerMcKenzie 14 1.330 400 1 16 0.339 0.991

SimpsonThacher&Bartlett 15 1.114 335 1 - - 1.114

AdvokatfirmaetWiersholmAS 16 0.665 200 1 - - 0.665

MilbankTweedHadley&McCloyLLP

17 0.582 175 1 6 5.229 -4.647

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 30,084 57 100%

WesternEuropeanCorporateHighYieldBonds-Risk:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Latham&WatkinsLLP 1 10.77 9

Allen&OveryLLP 2 20.72 7

CahillGordon&Reindel 2 12.72 7

Shearman&SterlingLLP 2 9.12 7

MilbankLLP 5 8.32 6

White&CaseLLP 5 8.54 6

CravathSwaine&Moore 7 6.05 3

LinklatersLLP 7 5.29 3

McCannFitzgerald 9 1.92 2

Ropes&GrayLLP 9 4.24 2

AdvokatfirmaetWiersholmAS 11 0.66 1

BakerMcKenzie 11 1.33 1

CliffordChanceLLP 11 4.99 1

DavisPolk&Wardwell 11 1.63 1

HoganLovellsUSLLP 11 1.99 1

MilbankTweedHadley&McCloyLLP

11 0.58 1

SimpsonThacher&Bartlett 11 1.11 1

Page 45: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page43

Sukuk&IslamicFinancingSukuk&IslamicFinancing:LegalAdviser-Issuer/BorrowerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 53.193 9,651 7 3 17.513 35.680

ShookLin&Bok 2 15.301 2,776 21 6 4.354 10.947

CliffordChanceLLP 3 13.596 2,467 4 2 25.096 -11.500

AdnanSundra&Low 4 5.241 951 7 5 4.600 0.641

HoganLovellsUSLLP 5 3.307 600 2 14 0.479 2.828

BakerMcKenzie 6 2.756 500 1 8 3.726 -0.970

AshurstLLP 7 1.654 300 2 - - 1.654

Christopher&LeeOng 8 0.933 169 2 - - 0.933

Tjajo&Partners 9 0.912 166 1 - - 0.912

Widyawan&Partners 10 0.770 140 3 - - 0.770

Makes&PartnersLawFirm 11 0.391 71 2 - - 0.391

LawFirmofAlSalloumandAlToaimi

12 0.367 67 1 - - 0.367

White&CaseLLP 12 0.367 67 1 - - 0.367

Dentons 14 0.316 57 1 7 4.339 -4.023

HadiputrantoHadinoto&Partners 15 0.313 57 4 9 2.946 -2.633

FreshfieldsBruckhausDeringer 16 0.165 30 1 - - 0.165

Albar&Partners 17 0.133 24 1 - - 0.133

ZulRafique&Partners 18 0.112 20 2 - - 0.112

Warens&Partners 19 0.084 15 2 18 0.111 -0.027

Thamrin&Rachman 20 0.055 10 2 19 0.096 -0.041

TOTAL 100% 18,142 67 100%

Sukuk&IslamicFinancing:LegalAdviser-Issuer/BorrowerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

ShookLin&Bok 1 15.30 21

AdnanSundra&Low 2 5.24 7

Allen&OveryLLP 2 53.19 7

CliffordChanceLLP 4 13.60 4

HadiputrantoHadinoto&Partners

4 0.31 4

Widyawan&Partners 6 0.77 3

AshurstLLP 7 1.65 2

Christopher&LeeOng 7 0.93 2

HoganLovellsUSLLP 7 3.31 2

Makes&PartnersLawFirm 7 0.39 2

Thamrin&Rachman 7 0.05 2

Warens&Partners 7 0.08 2

ZulRafique&Partners 7 0.11 2

Albar&Partners 14 0.13 1

BakerMcKenzie 14 2.76 1

Dentons 14 0.32 1

FreshfieldsBruckhausDeringer 14 0.17 1

LawFirmofAlSalloumandAlToaimi

14 0.37 1

Tjajo&Partners 14 0.91 1

White&CaseLLP 14 0.37 1

Page 46: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page44

Sukuk&IslamicFinancingSukuk&IslamicFinancing:LegalAdviser-Manager/LenderRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

ShookLin&Bok 1 21.793 6,582 7 27 0.003 21.790

Allen&OveryLLP 2 16.442 4,966 11 3 18.365 -1.923

CliffordChanceLLP 3 15.883 4,797 8 6 5.128 10.755

AdnanSundra&Low 4 12.647 3,820 54 4 8.625 4.022

White&CaseLLP 5 8.277 2,500 3 5 6.336 1.941

ZaidIbrahim&Co 6 6.249 1,887 7 7 2.921 3.328

Dentons 7 4.034 1,219 5 15 1.116 2.918

Albar&Partners 8 3.347 1,011 19 18 0.331 3.016

HishamSobri&Kadir 9 3.329 1,006 8 10 2.143 1.186

Dechert 10 3.311 1,000 1 - - 3.311

AlTamimi&Co/Qatar 11 1.242 375 1 22 0.086 1.156

BakerMcKenzie 12 1.088 329 2 16 0.830 0.258

ShearnDelamore&Co 13 0.532 161 17 21 0.146 0.386

WiyonoPartnership 14 0.398 120 2 - - 0.398

HoganLovellsUSLLP 15 0.331 100 1 8 2.704 -2.373

Ginting&Reksodiputro 16 0.274 83 1 - - 0.274

ZulRafique&Partners 17 0.266 80 2 14 1.337 -1.071

Khoshaim&Associates 18 0.221 67 1 - - 0.221

LeeHishammuddinAllen&Gledhill

19 0.177 53 3 25 0.048 0.129

Latham&WatkinsLLP 20 0.099 30 1 2 18.814 -18.715

TOTAL 100% 30,204 152 100%

Sukuk&IslamicFinancing:LegalAdviser-Manager/LenderRankedbyDealCount

Firm RankMkt

Share(%)DealCount

AdnanSundra&Low 1 12.65 54

Albar&Partners 2 3.35 19

ShearnDelamore&Co 3 0.53 17

Allen&OveryLLP 4 16.44 11

CliffordChanceLLP 5 15.88 8

HishamSobri&Kadir 5 3.33 8

ShookLin&Bok 7 21.79 7

ZaidIbrahim&Co 7 6.25 7

Dentons 9 4.03 5

LeeHishammuddinAllen&Gledhill

10 0.18 3

White&CaseLLP 10 8.28 3

BakerMcKenzie 12 1.09 2

WiyonoPartnership 12 0.40 2

ZulRafique&Partners 12 0.27 2

AlTamimi&Co/Qatar 15 1.24 1

Christopher&LeeOng 15 0.02 1

Dechert 15 3.31 1

Ginting&Reksodiputro 15 0.27 1

HoganLovellsUSLLP 15 0.33 1

Khoshaim&Associates 15 0.22 1

Page 47: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page45

GCCSukukGCCSukuk:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

CliffordChanceLLP 1 52.582 1,867 3 - - 52.582

Allen&OveryLLP 2 29.578 1,050 2 1 78.869 -49.291

BakerMcKenzie 3 14.085 500 1 - - 14.085

LawFirmofAlSalloumandAlToaimi

4 1.878 67 1 - - 1.878

White&CaseLLP 4 1.878 67 1 - - 1.878

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 3,550 7 100%

GCCSukuk:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

CliffordChanceLLP 1 52.58 3

Allen&OveryLLP 2 29.58 2

BakerMcKenzie 3 14.08 1

LawFirmofAlSalloumandAlToaimi

3 1.88 1

White&CaseLLP 3 1.88 1

Page 48: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page46

GCCSukukGCCSukuk:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

Allen&OveryLLP 1 64.899 4,283 8 1 42.561 22.338

Dechert 2 15.152 1,000 1 - - 15.152

White&CaseLLP 3 7.576 500 1 3 17.372 -9.796

AlTamimi&Co/Qatar 4 5.682 375 1 5 0.302 5.380

CliffordChanceLLP 4 5.682 375 1 6 0.087 5.595

Khoshaim&Associates 6 1.010 67 1 - - 1.010

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 6,600 11 100%

GCCSukuk:LegalAdviser-ManagerRankedbyDealCount

Firm Rank MktShare(%) DealCount

Allen&OveryLLP 1 64.90 8

AlTamimi&Co/Qatar 2 5.68 1

CliffordChanceLLP 2 5.68 1

Dechert 2 15.15 1

Khoshaim&Associates 2 1.01 1

White&CaseLLP 2 7.58 1

Page 49: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page47

EMEALoansEMEALoans:LegalAdviser-LenderRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 22.621 39,843 56 1 30.666 -8.045

CliffordChanceLLP 2 20.519 36,140 44 2 18.452 2.067

LinklatersLLP 3 10.493 18,481 20 4 7.693 2.800

FreshfieldsBruckhausDeringer

4 7.629 13,437 7 28 0.231 7.398

HerbertSmithFreehills 5 4.542 7,999 10 6 4.324 0.218

Latham&WatkinsLLP 6 4.121 7,259 15 3 8.680 -4.559

BakerMcKenzie 7 4.021 7,083 9 15 0.858 3.163

Dentons 8 3.589 6,321 16 8 2.733 0.856

WeilGotshal&MangesLLP 9 2.185 3,849 5 19 0.591 1.594

MilbankLLP 10 1.689 2,976 4 - - 1.689

WastonFarley&Williams 11 1.496 2,636 1 38 0.136 1.360

White&CaseLLP 12 1.455 2,563 10 7 3.282 -1.827

Allens 13 1.348 2,374 1 - - 1.348

DavisPolk&Wardwell 14 1.241 2,185 3 9 2.072 -0.831

DLAPiperLLP 15 1.192 2,100 10 26 0.251 0.941

CahillGordon&Reindel 16 1.129 1,989 5 12 1.287 -0.158

GideLoyretteNouel 17 0.755 1,329 2 30 0.211 0.544

Loyens&Loeff 18 0.732 1,290 2 - - 0.732

SlaughterandMay 19 0.603 1,062 2 34 0.184 0.419

MayerBrownLLP 20 0.502 885 1 - - 0.502

TOTAL 100% 176,131 296 100%

EMEALoans:LegalAdviser-LenderRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Allen&OveryLLP 1 22.62 56

CliffordChanceLLP 2 20.52 44

LinklatersLLP 3 10.49 20

Dentons 4 3.59 16

Latham&WatkinsLLP 5 4.12 15

DLAPiperLLP 6 1.19 10

HerbertSmithFreehills 6 4.54 10

White&CaseLLP 6 1.46 10

BakerMcKenzie 9 4.02 9

HoganLovellsUSLLP 10 0.38 8

FreshfieldsBruckhausDeringer

11 7.63 7

CahillGordon&Reindel 12 1.13 5

GomezAcebo&Pombo 12 0.12 5

WeilGotshal&MangesLLP 12 2.19 5

AshurstLLP 15 0.39 4

MilbankLLP 15 1.69 4

Simmons&Simmons 15 0.45 4

BowmanGilfillan 18 0.18 3

CMS 18 0.35 3

Cuatrecasas 18 0.38 3

Page 50: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page48

EMEALoansEMEALoans:LegalAdviser-BorrowerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 24.820 29,076 25 2 15.448 9.372

CliffordChanceLLP 2 7.982 9,350 15 3 11.487 -3.505

LinklatersLLP 3 7.489 8,773 11 4 6.035 1.454

Sullivan&Cromwell 4 5.335 6,250 1 7 3.374 1.961

SlaughterandMay 5 4.726 5,536 4 6 3.470 1.256

White&CaseLLP 6 4.561 5,344 7 5 4.555 0.006

HerbertSmithFreehills 7 4.290 5,025 4 25 0.657 3.633

Shearman&SterlingLLP 8 3.340 3,913 3 15 1.300 2.040

Latham&WatkinsLLP 9 3.079 3,606 11 1 17.757 -14.678

Dentons 10 2.908 3,406 9 28 0.584 2.324

FreshfieldsBruckhausDeringer

11 2.886 3,381 6 16 1.296 1.590

Covington&Burling 12 2.566 3,006 2 - - 2.566

WeilGotshal&MangesLLP 13 2.226 2,607 5 10 2.762 -0.536

MacfarlanesLLP 14 1.708 2,001 2 - - 1.708

Baer&KarrerAG 15 1.602 1,877 1 - - 1.602

MayerBrownLLP 15 1.602 1,877 1 - - 1.602

BakerMcKenzie 17 1.267 1,484 5 8 2.852 -1.585

NautaDutilh 18 1.238 1,450 2 12 1.765 -0.527

Vinson&ElkinsLLP 19 1.013 1,187 1 - - 1.013

DLAPiperLLP 20 0.945 1,107 4 30 0.489 0.456

TOTAL 100% 117,146 172 100%

EMEALoans:LegalAdviser-BorrowerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Allen&OveryLLP 1 24.82 25

CliffordChanceLLP 2 7.98 15

Latham&WatkinsLLP 3 3.08 11

LinklatersLLP 3 7.49 11

Dentons 5 2.91 9

White&CaseLLP 6 4.56 7

FreshfieldsBruckhausDeringer

7 2.89 6

BakerMcKenzie 8 1.27 5

WeilGotshal&MangesLLP 8 2.23 5

DLAPiperLLP 10 0.94 4

GarriguesAbogados 10 0.27 4

HerbertSmithFreehills 10 4.29 4

SlaughterandMay 10 4.73 4

AshurstLLP 14 0.45 3

Dechert 14 0.83 3

HoganLovellsUSLLP 14 0.71 3

Shearman&SterlingLLP 14 3.34 3

ChiomentiStudioLegale 18 0.62 2

Covington&Burling 18 2.57 2

Cuatrecasas 18 0.16 2

Page 51: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page49

Asiaex-JapanEquityIPOAsiaex-JapanEquityIPO:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

King&WoodMallesons 1 11.734 4,653 20 1 16.340 -4.606

ZhongLunLawFirm 2 7.389 2,930 19 8 3.149 4.240

JunHeLLP 3 5.974 2,369 11 6 3.850 2.124

CliffordChanceLLP 4 5.561 2,205 10 18 1.319 4.242

JiaYuanLawFirm 5 5.151 2,043 6 50 0.228 4.923

GrandallLawFirm 6 5.012 1,988 19 10 2.470 2.542

FangdaPartners 7 3.722 1,476 7 13 2.059 1.663

AllbrightLawOffice 8 3.289 1,304 12 29 0.748 2.541

Maples&Calder 9 2.978 1,181 19 3 8.991 -6.013

Commerce&FinanceLawOffices 10 2.860 1,134 11 16 1.715 1.145

ConyersDill&Pearman 11 2.657 1,054 44 21 0.983 1.674

TianYuanLawFirm 12 2.459 975 10 25 0.819 1.640

ShuJinLawFirm 13 2.341 928 9 37 0.503 1.838

BeijingGrandwayLawOffices 14 2.204 874 7 24 0.864 1.340

DavisPolk&Wardwell 15 1.842 731 4 26 0.776 1.066

CyrilAmarchandMangaldas 16 1.783 707 3 7 3.177 -1.394

DLAPiperLLP 17 1.587 629 3 106 0.022 1.565

Jingtian&Gongcheng 18 1.471 583 16 12 2.306 -0.835

BeijingDehengLaw 19 1.244 493 6 42 0.400 0.844

SkaddenArpsSlateMeagher&FlomLLP

20 1.137 451 8 2 9.488 -8.351

TOTAL 100% 39,655 307 100%

Asiaex-JapanEquityIPO:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

ConyersDill&Pearman 1 2.66 44

King&WoodMallesons 2 11.73 20

GrandallLawFirm 3 5.01 19

Maples&Calder 3 2.98 19

ZhongLunLawFirm 3 7.39 19

Jingtian&Gongcheng 6 1.47 16

Appleby 7 0.93 14

AllbrightLawOffice 8 3.29 12

Commerce&FinanceLawOffices 9 2.86 11

JunHeLLP 9 5.97 11

CliffordChanceLLP 11 5.56 10

TianYuanLawFirm 11 2.46 10

MVKini&Co 13 0.05 9

ShuJinLawFirm 13 2.34 9

SkaddenArpsSlateMeagher&FlomLLP

15 1.14 8

BeijingGrandwayLawOffices 16 2.20 7

FangdaPartners 16 3.72 7

Walkers 16 0.97 7

BeijingDehengLaw 19 1.24 6

HoganLovellsUSLLP 19 0.39 6

Page 52: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page50

Asiaex-JapanEquityIPOAsiaex-JapanEquityIPO:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

GrandallLawFirm 1 9.798 2,360 2 8 3.714 6.084

JiaYuanLawFirm 2 9.417 2,268 8 16 1.676 7.741

CliffordChanceLLP 3 6.302 1,518 5 1 12.002 -5.700

Latham&WatkinsLLP 4 5.891 1,419 5 9 3.240 2.651

Jingtian&Gongcheng 5 5.153 1,241 15 5 8.234 -3.081

GuantaoLawFirm 6 5.029 1,211 1 - - 5.029

Haiwen&Partners 7 3.952 952 4 20 1.090 2.862

LinklatersLLP 8 3.942 949 3 24 0.624 3.318

King&WoodMallesons 9 3.698 891 3 10 3.073 0.625

SidleyAustinLLP 10 3.674 885 9 15 1.868 1.806

TianYuanLawFirm 11 3.115 750 5 25 0.568 2.547

JunHeLLP 12 2.744 661 6 18 1.454 1.290

Commerce&FinanceLawOffices

13 2.487 599 11 6 6.798 -4.311

Shearman&SterlingLLP 14 2.244 540 4 - - 2.244

NortonRoseFulbrightLLP 15 2.169 522 11 28 0.473 1.696

CMLawFirm 16 2.037 491 2 - - 2.037

PaulHastingsLLP 17 1.960 472 4 13 2.122 -0.162

S&RAssociates 18 1.834 442 2 22 0.855 0.979

FangdaPartners 19 1.626 392 4 4 8.686 -7.060

Sullivan&Cromwell 20 1.546 372 2 39 0.249 1.297

TOTAL 100% 24,082 139 100%

Asiaex-JapanEquityIPO:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Jingtian&Gongcheng 1 5.15 15

Commerce&FinanceLawOffices 2 2.49 11

NortonRoseFulbrightLLP 2 2.17 11

SidleyAustinLLP 4 3.67 9

JiaYuanLawFirm 5 9.42 8

JunHeLLP 6 2.74 6

CliffordChanceLLP 7 6.30 5

Latham&WatkinsLLP 7 5.89 5

TianYuanLawFirm 7 3.11 5

AllbrightLawOffice 10 0.22 4

FangdaPartners 10 1.63 4

Haiwen&Partners 10 3.95 4

PaulHastingsLLP 10 1.96 4

Shearman&SterlingLLP 10 2.24 4

AZB&Partners 15 1.48 3

DavidFong&Co 15 0.16 3

Dentons 15 0.13 3

HMChan&CoinAssociationwithTaylorWess

15 0.15 3

HowseWilliamsBowers 15 0.17 3

King&WoodMallesons 15 3.70 3

Page 53: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page51

Asiaex-JapanEquityLinkedAsiaex-JapanEquityLinked:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Dentons 1 22.087 6,302 4 - - 22.087

Haiwen&Partners 2 13.448 3,837 1 - - 13.448

C&TPartners 3 10.427 2,975 1 3 7.920 2.507

SkaddenArpsSlateMeagher&FlomLLP

4 9.007 2,570 4 4 5.984 3.023

JiaYuanLawFirm 5 6.286 1,794 4 5 5.710 0.576

GuantaoZhongmaoLawFirm 6 5.173 1,476 2 - - 5.173

King&WoodMallesons 7 4.347 1,240 3 2 16.147 -11.800

ZhongLunLawFirm 8 2.891 825 4 14 1.863 1.028

AllbrightLawOffice 9 2.624 749 7 17 1.545 1.079

GrandallLawFirm 10 2.458 701 6 8 4.539 -2.081

ChengyiLawFirm 11 2.174 620 3 - - 2.174

BeijingKangDaLawFirm 12 1.604 458 4 - - 1.604

Allen&OveryLLP 13 1.402 400 2 16 1.567 -0.165

JiangxiQZ&WDLawFirm 14 1.301 371 1 - - 1.301

Latham&WatkinsLLP 15 1.209 345 1 9 3.009 -1.800

WilsonSonsiniGoodrich&Rosati 16 1.051 300 1 - - 1.051

JiangxiHuabangLawFirm 17 1.045 298 1 - - 1.045

BeijingGrandwayLawOffices 18 1.006 287 4 12 2.037 -1.031

Fenwick&WestLLP 19 0.964 275 1 - - 0.964

ShuJinLawFirm 20 0.945 270 2 - - 0.945

TOTAL 100% 28,532 83 100%

Asiaex-JapanEquityLinked:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

AllbrightLawOffice 1 2.62 7

GrandallLawFirm 2 2.46 6

BeijingGrandwayLawOffices 3 1.01 4

BeijingKangDaLawFirm 3 1.60 4

Dentons 3 22.09 4

JiaYuanLawFirm 3 6.29 4

SkaddenArpsSlateMeagher&FlomLLP

3 9.01 4

ZhongLunLawFirm 3 2.89 4

ChengyiLawFirm 9 2.17 3

Jingtian&Gongcheng 9 0.64 3

King&WoodMallesons 9 4.35 3

Allen&OveryLLP 12 1.40 2

BeijingDehengLaw 12 0.50 2

ChinaCommercialLawCo 12 0.66 2

GuantaoZhongmaoLawFirm 12 5.17 2

HunanQiyuanLawFirm 12 0.63 2

ShuJinLawFirm 12 0.95 2

Tenet&Partners 12 0.63 2

BastionLawFirm 19 0.40 1

BeijingDHHLawFirm 19 0.26 1

Page 54: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page52

Asiaex-JapanEquityLinkedAsiaex-JapanEquityLinked:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

Latham&WatkinsLLP 1 28.078 1,525 3 3 10.536 17.542

DavisPolk&Wardwell 2 22.094 1,200 1 2 35.180 -13.086

LinklatersLLP 3 19.876 1,080 5 1 39.474 -19.598

GlobalLawOffice 4 13.751 747 1 12 0.004 13.747

SimpsonThacher&Bartlett

5 6.352 345 1 - - 6.352

CliffordChanceLLP 6 2.715 147 1 4 5.047 -2.332

Allen&OveryLLP 7 2.601 141 1 5 2.739 -0.138

AdnanSundra&Low 8 1.841 100 1 - - 1.841

Kirkland&Ellis 9 1.565 85 1 - - 1.565

Shin&Kim 10 1.105 60 1 - - 1.105

Teh&Lee 11 0.022 1 4 11 0.016 0.006

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 5,431 19 100%

Asiaex-JapanEquityLinked:LegalAdviser-ManagerRankedbyDealCount

Firm Rank MktShare(%) DealCount

LinklatersLLP 1 19.88 5

Teh&Lee 2 0.02 4

Latham&WatkinsLLP 3 28.08 3

AdnanSundra&Low 4 1.84 1

Allen&OveryLLP 4 2.60 1

CliffordChanceLLP 4 2.72 1

DavisPolk&Wardwell 4 22.09 1

GlobalLawOffice 4 13.75 1

Kirkland&Ellis 4 1.56 1

Shin&Kim 4 1.10 1

SimpsonThacher&Bartlett 4 6.35 1

Page 55: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page53

Asiaex-JapanIssuerG3CurrencyBondsAsiaex-JapanIssuerG3CurrencyBonds:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

LinklatersLLP 1 19.487 23,082 47 1 28.795 -9.308

SidleyAustinLLP 2 16.049 19,010 44 6 6.460 9.589

Latham&WatkinsLLP 3 8.810 10,435 24 3 7.593 1.217

Allen&OveryLLP 4 8.519 10,091 20 4 7.469 1.050

CliffordChanceLLP 5 5.066 6,001 18 2 8.470 -3.404

DavisPolk&Wardwell 6 4.804 5,690 5 5 6.868 -2.064

ClearyGottliebSteen&Hamilton 7 4.401 5,213 10 8 4.328 0.073

King&WoodMallesons 8 4.243 5,026 18 12 1.630 2.613

FangdaPartners 9 3.656 4,330 13 - - 3.656

NortonRoseFulbrightLLP 10 3.597 4,260 10 22 0.650 2.947

Shearman&SterlingLLP 11 3.232 3,828 9 20 0.736 2.496

Shin&Kim 12 2.213 2,621 6 10 2.705 -0.492

FreshfieldsBruckhausDeringer 13 1.731 2,050 4 11 2.550 -0.819

HerbertSmithFreehills 14 1.657 1,962 7 15 1.244 0.413

PaulHastingsLLP 15 1.435 1,700 4 26 0.331 1.104

Allen&Gledhill 16 1.140 1,350 3 13 1.350 -0.210

SkaddenArpsSlateMeagher&FlomLLP

16 1.140 1,350 5 7 5.076 -3.936

MayerBrownLLP 18 0.886 1,050 3 23 0.515 0.371

ZBA 18 0.886 1,050 2 33 0.221 0.665

MilbankLLP 20 0.791 938 2 - - 0.791

TOTAL 100% 118,448 267 100%

Asiaex-JapanIssuerG3CurrencyBonds:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

LinklatersLLP 1 19.49 47

SidleyAustinLLP 2 16.05 44

Latham&WatkinsLLP 3 8.81 24

Allen&OveryLLP 4 8.52 20

CliffordChanceLLP 5 5.07 18

King&WoodMallesons 5 4.24 18

FangdaPartners 7 3.66 13

ClearyGottliebSteen&Hamilton 8 4.40 10

NortonRoseFulbrightLLP 8 3.60 10

Shearman&SterlingLLP 10 3.23 9

HerbertSmithFreehills 11 1.66 7

Shin&Kim 12 2.21 6

DavisPolk&Wardwell 13 4.80 5

SkaddenArpsSlateMeagher&FlomLLP

13 1.14 5

FreshfieldsBruckhausDeringer 15 1.73 4

PaulHastingsLLP 15 1.44 4

Allen&Gledhill 17 1.14 3

Jingtian&Gongcheng 17 0.42 3

MayerBrownLLP 17 0.89 3

White&CaseLLP 17 0.68 3

Page 56: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page54

Asiaex-JapanIssuerG3CurrencyBondsAsiaex-JapanIssuerG3CurrencyBonds:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

LinklatersLLP 1 22.316 28,825 76 1 21.789 0.527

Allen&OveryLLP 2 18.039 23,300 48 2 19.228 -1.189

DavisPolk&Wardwell 3 15.064 19,457 58 4 12.165 2.899

CliffordChanceLLP 4 11.003 14,212 30 3 13.379 -2.376

Latham&WatkinsLLP 5 6.237 8,056 11 5 6.130 0.107

NortonRoseFulbrightLLP 6 4.347 5,615 16 11 1.642 2.705

White&CaseLLP 7 3.639 4,700 9 - - 3.639

Shearman&SterlingLLP 8 3.049 3,938 10 8 3.378 -0.329

MilbankLLP 9 1.897 2,450 6 - - 1.897

SidleyAustinLLP 10 1.843 2,380 5 12 1.505 0.338

ClearyGottliebSteen&Hamilton 11 1.813 2,341 2 7 3.929 -2.116

SkaddenArpsSlateMeagher&FlomLLP

12 1.809 2,337 9 10 1.818 -0.009

HerbertSmithFreehills 13 1.192 1,540 4 16 0.698 0.494

Commerce&FinanceLawOffices 14 1.107 1,430 1 26 0.110 0.997

SimpsonThacher&Bartlett 15 1.084 1,400 3 9 2.166 -1.082

MayerBrownLLP 16 0.968 1,250 3 20 0.332 0.636

King&WoodMallesons 17 0.910 1,175 6 15 0.709 0.201

AshurstLLP 18 0.735 950 2 18 0.367 0.368

BakerMcKenzie 19 0.387 500 2 - - 0.387

FreshfieldsBruckhausDeringer 19 0.387 500 1 14 1.028 -0.641

HenriqueSaldanhaAdvogados&Notarios

19 0.387 500 2 - - 0.387

Maples&Calder 19 0.387 500 2 - - 0.387

MilbankTweedHadley&McCloyLLP 23 0.317 410 3 27 0.073 0.244

TOTAL 100% 129,165 298 100%

Asiaex-JapanIssuerG3CurrencyBonds:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

LinklatersLLP 1 22.32 76

DavisPolk&Wardwell 2 15.06 58

Allen&OveryLLP 3 18.04 48

CliffordChanceLLP 4 11.00 30

NortonRoseFulbrightLLP 5 4.35 16

Latham&WatkinsLLP 6 6.24 11

Shearman&SterlingLLP 7 3.05 10

SkaddenArpsSlateMeagher&FlomLLP

8 1.81 9

White&CaseLLP 8 3.64 9

King&WoodMallesons 10 0.91 6

MilbankLLP 10 1.90 6

SidleyAustinLLP 12 1.84 5

HerbertSmithFreehills 13 1.19 4

MayerBrownLLP 14 0.97 3

MilbankTweedHadley&McCloyLLP

14 0.32 3

SimpsonThacher&Bartlett 14 1.08 3

AshurstLLP 17 0.74 2

BakerMcKenzie 17 0.39 2

ClearyGottliebSteen&Hamilton 17 1.81 2

HenriqueSaldanhaAdvogados&Notarios

17 0.39 2

Page 57: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page55

SingaporeDollarBondsSingaporeDollarBonds:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(SGD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&Gledhill 1 69.978 7,350 12 1 51.390 18.588

HomburgerAG 2 14.281 1,500 2 - - 14.281

WongPartnershipLLP 3 7.141 750 1 4 5.533 1.608

ClearyGottliebSteen&Hamilton

4 3.094 325 1 - - 3.094

CliffordChanceLLP 5 1.723 181 2 10 0.194 1.529

Rajah&Tann 6 1.428 150 1 4 5.533 -4.105

Allen&OveryLLP 7 1.402 147 2 6 3.804 -2.402

ShookLin&Bok 8 0.952 100 1 3 6.322 -5.370

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 10,503 22 100%

SingaporeDollarBonds:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Allen&Gledhill 1 69.98 12

Allen&OveryLLP 2 1.40 2

CliffordChanceLLP 2 1.72 2

HomburgerAG 2 14.28 2

ClearyGottliebSteen&Hamilton

5 3.09 1

Rajah&Tann 5 1.43 1

ShookLin&Bok 5 0.95 1

WongPartnershipLLP 5 7.14 1

Page 58: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page56

SingaporeDollarBondsSingaporeDollarBonds:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm Rank MktShare(%) Volume(SGDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

WongPartnershipLLP 1 32.191 1,700 2 1 32.307 -0.116

Allen&Gledhill 2 21.303 1,125 6 2 25.048 -3.745

LinklatersLLP 3 16.569 875 3 4 11.403 5.166

White&CaseLLP 4 14.202 750 1 - - 14.202

Allen&OveryLLP 5 6.628 350 2 3 22.691 -16.063

Shearman&SterlingLLP 6 5.681 300 1 - - 5.681

NortonRoseFulbrightLLP 7 3.427 181 2 - - 3.427

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 5,281 17 100%

SingaporeDollarBonds:LegalAdviser-ManagerRankedbyDealCount

Firm Rank MktShare(%) DealCount

Allen&Gledhill 1 21.30 6

LinklatersLLP 2 16.57 3

Allen&OveryLLP 3 6.63 2

NortonRoseFulbrightLLP 3 3.43 2

WongPartnershipLLP 3 32.19 2

Shearman&SterlingLLP 6 5.68 1

White&CaseLLP 6 14.20 1

Page 59: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page57

ChinaEquityIPOChinaEquityIPO:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(CNY

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

King&WoodMallesons 1 16.048 23,328 11 1 31.699 -15.651

ZhongLunLawFirm 2 13.129 19,085 14 2 8.343 4.786

JunHeLLP 3 10.733 15,602 7 12 2.093 8.640

JiaYuanLawFirm 4 9.476 13,774 6 18 0.914 8.562

GrandallLawFirm 5 7.768 11,291 15 6 6.016 1.752

AllbrightLawOffice 6 6.082 8,841 9 10 2.729 3.353

BeijingGrandwayLawOffices 7 4.113 5,979 7 9 3.245 0.868

ShuJinLawFirm 8 3.865 5,619 6 14 1.700 2.165

Commerce&FinanceLawOffices

9 3.484 5,064 2 13 1.812 1.672

TianYuanLawFirm 10 3.264 4,744 4 26 0.441 2.823

BeijingDehengLaw 11 2.336 3,395 5 17 1.455 0.881

Dentons 12 2.086 3,032 5 23 0.570 1.516

BeijingKangDaLawFirm 13 1.994 2,898 4 4 6.950 -4.956

FangdaPartners 14 1.981 2,880 2 5 6.211 -4.230

C&TPartners 15 1.804 2,623 2 7 4.789 -2.985

Jincheng&TongdaLawFirm 16 1.436 2,087 2 - - 1.436

LlinksLawOffice 17 1.372 1,994 2 3 7.773 -6.401

GFLawFirmShanghai 18 0.987 1,434 3 16 1.466 -0.479

ZhejiangL&HLawFirm 19 0.849 1,234 1 - - 0.849

BeijingJunZeJunLawOffices 20 0.842 1,224 1 20 0.830 0.012

TOTAL 100% 145,364 124 100%

ChinaEquityIPO:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

GrandallLawFirm 1 7.77 15

ZhongLunLawFirm 2 13.13 14

King&WoodMallesons 3 16.05 11

AllbrightLawOffice 4 6.08 9

BeijingGrandwayLawOffices 5 4.11 7

JunHeLLP 5 10.73 7

JiaYuanLawFirm 7 9.48 6

ShuJinLawFirm 7 3.87 6

BeijingDehengLaw 9 2.34 5

Dentons 9 2.09 5

BeijingKangDaLawFirm 11 1.99 4

TianYuanLawFirm 11 3.26 4

BeijingHairunTianruiLawFirm

13 0.64 3

GFLawFirmShanghai 13 0.99 3

BeijingDHHLawFirm 15 0.51 2

C&TPartners 15 1.80 2

Commerce&FinanceLawOffices

15 3.48 2

FangdaPartners 15 1.98 2

Jincheng&TongdaLawFirm 15 1.44 2

LlinksLawOffice 15 1.37 2

Page 60: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page58

IndiaEquityOfferingsIndiaEquityOfferings:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

CyrilAmarchandMangaldas 1 37.330 70,220 4 1 38.021 -0.691

CliffordChanceLLP 2 14.760 27,764 2 - - 14.760

Khaitan&Co 3 13.055 24,558 3 2 17.803 -4.748

ShardulAmarchandMangaldas&Co

4 11.253 21,168 2 5 6.169 5.084

Latham&WatkinsLLP 5 7.658 14,405 1 - - 7.658

Luthra&LuthraLawOffices 6 5.453 10,258 3 3 11.870 -6.417

DSKLegal 7 2.562 4,820 1 9 1.943 0.619

SidleyAustinLLP 8 2.001 3,763 1 - - 2.001

SquireSanders 9 1.358 2,554 1 - - 1.358

MVKini&Co 10 0.805 1,514 9 12 0.631 0.174

Bharucha&Partners 11 0.704 1,323 1 - - 0.704

RajaniAssociates 12 0.670 1,260 4 14 0.268 0.402

PerkinsCoieLLP 13 0.564 1,060 1 - - 0.564

SNG&Partners 13 0.564 1,060 1 11 0.887 -0.323

Kanga&Co 15 0.248 467 3 10 0.971 -0.723

JoyMukherjee&Associates 16 0.213 401 3 16 0.215 -0.002

SamvittiLegal 17 0.211 398 1 25 0.041 0.170

MNMarfatiaAdvocate 18 0.156 293 1 22 0.061 0.095

CrawfordBayley&Co 19 0.123 231 1 8 1.945 -1.822

HasurkarAssociates 20 0.088 166 1 30 0.013 0.075

TOTAL 100% 188,106 46 100%

IndiaEquityOfferings:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

MVKini&Co 1 0.80 9

CyrilAmarchandMangaldas 2 37.33 4

RajaniAssociates 2 0.67 4

JoyMukherjee&Associates 4 0.21 3

Kanga&Co 4 0.25 3

Khaitan&Co 4 13.06 3

Luthra&LuthraLawOffices 4 5.45 3

CliffordChanceLLP 8 14.76 2

ShardulAmarchandMangaldas&Co

8 11.25 2

VedantaLawChambers 8 0.02 2

AbdusSameeAbdulQadirManiyar

11 0.01 1

Bharucha&Partners 11 0.70 1

ChirAmritLegalLLP 11 0.03 1

CrawfordBayley&Co 11 0.12 1

DSKLegal 11 2.56 1

HasurkarAssociates 11 0.09 1

JurisMatrix 11 0.07 1

Latham&WatkinsLLP 11 7.66 1

Law&LegalJurists 11 0.03 1

MNMarfatiaAdvocate 11 0.16 1

Page 61: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page59

IndiaEquityOfferingsIndiaEquityOfferings:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

S&RAssociates 1 33.048 79,747 5 7 5.214 27.834

SidleyAustinLLP 2 16.217 39,132 4 4 7.377 8.840

Khaitan&Co 3 14.356 34,643 5 2 12.531 1.825

Latham&WatkinsLLP 4 10.775 26,000 2 10 4.036 6.739

AZB&Partners 5 10.436 25,182 3 8 5.007 5.429

CliffordChanceLLP 6 5.278 12,735 2 5 6.552 -1.274

Trilegal 7 4.351 10,500 1 12 3.035 1.316

ShardulAmarchandMangaldas&Co

8 2.488 6,005 1 16 1.687 0.801

CrawfordBayley&Co 9 0.879 2,120 1 - - 0.879

DuaneMorris&SelvamLLP 10 0.765 1,845 1 14 2.508 -1.743

JSagarAssociates 10 0.765 1,845 1 1 19.126 -18.361

SquireSanders 12 0.644 1,555 2 15 2.110 -1.466

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 241,309 19 100%

IndiaEquityOfferings:LegalAdviser-ManagerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Khaitan&Co 1 14.36 5

S&RAssociates 1 33.05 5

SidleyAustinLLP 3 16.22 4

AZB&Partners 4 10.44 3

CliffordChanceLLP 5 5.28 2

Latham&WatkinsLLP 5 10.77 2

SquireSanders 5 0.64 2

CrawfordBayley&Co 8 0.88 1

DuaneMorris&SelvamLLP 8 0.76 1

JSagarAssociates 8 0.76 1

ShardulAmarchandMangaldas&Co

8 2.49 1

Trilegal 8 4.35 1

Page 62: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page60

Australia/NewZealandEquity&RightsOfferingsAustralia/NewZealandEquity&RightsOfferings:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

King&WoodMallesons 1 29.768 2,339 10 2 12.398 17.370

MinterEllison 2 17.537 1,378 15 8 7.395 10.142

Allens 3 10.611 834 5 10 2.521 8.090

BakerMcKenzie 4 8.736 687 7 3 9.941 -1.205

Gilbert+Tobin 5 3.941 310 11 6 8.221 -4.280

HerbertSmithFreehills 6 3.085 242 5 1 18.140 -15.055

SidleyAustinLLP 7 2.284 179 2 7 8.116 -5.832

CorrsChambersWestgarth

8 2.239 176 2 19 0.460 1.779

BellGully 9 1.930 152 1 9 3.670 -1.740

MillsOakleyLawyers 10 1.772 139 3 21 0.339 1.433

DLAPiperLLP 11 1.658 130 6 11 1.838 -0.180

HWLEbsworthLawyers 12 1.627 128 6 17 0.483 1.144

KensingtonSwan 13 1.548 122 1 - - 1.548

ClaytonUtz 14 1.469 115 1 20 0.439 1.030

Sullivan&Cromwell 15 1.286 101 1 - - 1.286

KardosScanlanPtyLtd 16 1.229 97 1 4 8.689 -7.460

WebbHendersonLLP 16 1.229 97 1 - - 1.229

HoganLovellsUSLLP 18 1.007 79 2 45 0.041 0.966

Lander&RogersLawyers 19 0.995 78 3 - - 0.995

K&LGatesLLP 20 0.697 55 2 - - 0.697

TOTAL 100% 7,859 121 100%

Australia/NewZealandEquity&RightsOfferings:LegalAdviser-IssuerRankedbyDealCount

Firm Rank MktShare(%) DealCount

MinterEllison 1 17.54 15

Gilbert+Tobin 2 3.94 11

King&WoodMallesons 3 29.77 10

BakerMcKenzie 4 8.74 7

SteinepreisPaganin 4 0.42 7

DLAPiperLLP 6 1.66 6

HWLEbsworthLawyers 6 1.63 6

Allens 8 10.61 5

HerbertSmithFreehills 8 3.09 5

BellanhouseLegal 10 0.24 4

Lander&RogersLawyers 11 0.99 3

McMahonClarkeLegal 11 0.51 3

MillsOakleyLawyers 11 1.77 3

ThomsonGeer 11 0.20 3

AutomicPtyLtd 15 0.20 2

CorrsChambersWestgarth 15 2.24 2

Hall&Wilcox 15 0.42 2

HoganLovellsUSLLP 15 1.01 2

JohnsonWinter&Slattery 15 0.27 2

K&LGatesLLP 15 0.70 2

Page 63: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page61

Australia/NewZealandEquity&RightsOfferingsAustralia/NewZealandEquity&RightsOfferings:LegalAdviser-ManagerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

HerbertSmithFreehills 1 47.928 2,065 17 7 5.214 42.714

Gilbert+Tobin 2 22.712 979 14 5 8.040 14.672

BakerMcKenzie 3 11.747 506 7 4 11.855 -0.108

Allen&OveryLLP 4 6.692 288 1 1 30.031 -23.339

Allens 5 5.466 236 3 3 14.899 -9.433

SidleyAustinLLP 6 2.346 101 1 2 15.534 -13.188

HoganLovellsUSLLP 7 1.197 52 1 10 0.617 0.580

King&WoodMallesons 8 1.132 49 2 - - 1.132

CorrsChambersWestgarth 9 0.639 28 4 11 0.363 0.276

SichenziaRossFerenceLLP

10 0.078 3 2 - - 0.078

SteinepreisPaganin 11 0.063 3 1 - - 0.063

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 4,309 52 100%

Australia/NewZealandEquity&RightsOfferings:LegalAdviser-ManagerRankedbyDealCount

Firm Rank MktShare(%) DealCount

HerbertSmithFreehills 1 47.93 17

Gilbert+Tobin 2 22.71 14

BakerMcKenzie 3 11.75 7

CorrsChambersWestgarth 4 0.64 4

Allens 5 5.47 3

King&WoodMallesons 6 1.13 2

SichenziaRossFerenceLLP 6 0.08 2

Allen&OveryLLP 8 6.69 1

HoganLovellsUSLLP 8 1.20 1

SidleyAustinLLP 8 2.35 1

SteinepreisPaganin 8 0.06 1

Page 64: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page62

Australia/NewZealandMid-MarketEquity&RightsAustralia/NewZealandMid-MarketEquity&Rights:LegalAdviser-IssuerRankedbyVolume

1st3Q2019 1st3Q2018

Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

MinterEllison 1 35.377 570 7 1 23.146 12.231

DLAPiperLLP 2 8.090 130 6 13 2.262 5.828

KardosScanlanPtyLtd 3 5.995 97 1 2 11.037 -5.042

WebbHendersonLLP 3 5.995 97 1 - - 5.995

Gilbert+Tobin 5 5.816 94 8 4 7.323 -1.507

Lander&RogersLawyers 6 4.855 78 3 - - 4.855

K&LGatesLLP 7 3.400 55 2 - - 3.400

HWLEbsworthLawyers 8 3.331 54 4 8 3.141 0.190

ClarendonLawyers 9 3.229 52 1 - - 3.229

McMahonClarkeLegal 10 2.492 40 3 5 5.959 -3.467

MillsOakleyLawyers 11 2.368 38 2 14 2.205 0.163

SteinepreisPaganin 12 2.068 33 7 11 2.843 -0.775

Hall&Wilcox 13 2.055 33 2 - - 2.055

TalbotSayerLawyers 14 1.777 29 1 17 1.192 0.585

BakerMcKenzie 15 1.660 27 2 3 7.951 -6.291

Maddocks 16 1.494 24 1 - - 1.494

King&WoodMallesons 17 1.346 22 3 12 2.431 -1.085

JohnsonWinter&Slattery 18 1.310 21 2 - - 1.310

BellanhouseLegal 19 1.074 17 3 15 2.026 -0.952

AutomicPtyLtd 20 0.960 15 2 - - 0.960

TOTAL 100% 1,611 77 100%

Australia/NewZealandMid-MarketEquity&Rights:LegalAdviser-IssuerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Gilbert+Tobin 1 5.82 8

MinterEllison 2 35.38 7

SteinepreisPaganin 2 2.07 7

DLAPiperLLP 4 8.09 6

HWLEbsworthLawyers 5 3.33 4

BellanhouseLegal 6 1.07 3

King&WoodMallesons 6 1.35 3

Lander&RogersLawyers 6 4.85 3

McMahonClarkeLegal 6 2.49 3

AutomicPtyLtd 10 0.96 2

BakerMcKenzie 10 1.66 2

Hall&Wilcox 10 2.06 2

JohnsonWinter&Slattery 10 1.31 2

K&LGatesLLP 10 3.40 2

MillsOakleyLawyers 10 2.37 2

NovaLegal 10 0.29 2

SheppardMullinRichter&HamptonLLP

10 0.21 2

ThomsonGeer 10 0.94 2

Addisons 19 0.01 1

AmitPollakMatalon&Co 19 0.27 1

Page 65: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page63

APACex-JapanLoansAPACex-JapanLoans:LegalAdviser-BorrowerRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allens 1 8.317 5,890 16 2 9.459 -1.142

King&WoodMallesons 2 8.157 5,776 17 1 12.332 -4.175

Shearman&SterlingLLP 3 7.953 5,632 1 20 0.966 6.987

HerbertSmithFreehills 4 6.059 4,291 13 5 6.426 -0.367

Allen&OveryLLP 5 4.543 3,217 6 6 5.857 -1.314

AshurstLLP 6 4.322 3,061 6 12 2.288 2.034

Kim&Chang 7 4.179 2,959 9 3 8.667 -4.488

Sullivan&Cromwell 8 3.601 2,550 1 - - 3.601

Allen&Gledhill 9 3.454 2,446 4 13 1.883 1.571

Lee&Ko 10 3.290 2,330 2 7 5.177 -1.887

WongPartnershipLLP 11 2.565 1,816 3 22 0.897 1.668

Desai&Diwanji 12 2.213 1,567 1 - - 2.213

ChapmanTripp 13 2.141 1,516 3 11 2.765 -0.624

SlaughterandMay 14 2.118 1,500 1 59 0.159 1.959

ClaytonUtz 15 2.073 1,468 2 - - 2.073

Gilbert+Tobin 16 2.069 1,465 5 23 0.880 1.189

Shin&Kim 17 1.789 1,267 9 15 1.318 0.471

CHPartners 18 1.750 1,239 7 35 0.480 1.270

Latham&WatkinsLLP 19 1.697 1,202 2 64 0.111 1.586

ShardulAmarchandMangaldas&Co

20 1.618 1,145 2 28 0.644 0.974

TOTAL 100% 70,814 222 100%

APACex-JapanLoans:LegalAdviser-BorrowerRankedbyDealCount

Firm RankMkt

Share(%)DealCount

King&WoodMallesons 1 8.16 17

Allens 2 8.32 16

HerbertSmithFreehills 3 6.06 13

Kim&Chang 4 4.18 9

Shin&Kim 4 1.79 9

BellGully 6 1.31 7

CHPartners 6 1.75 7

MinjuLawGroup 6 1.19 7

Allen&OveryLLP 9 4.54 6

AshurstLLP 9 4.32 6

Bharucha&Partners 9 0.42 6

Chen&AssociatesAttorneysatLaw

9 0.95 6

Gilbert+Tobin 13 2.07 5

VincibleLawOffice 13 0.58 5

Allen&Gledhill 15 3.45 4

Ernst&Young 15 0.23 4

FirstAttorneysatLaw 15 0.45 4

HYUNLaw 15 0.92 4

MinterEllison 15 0.82 4

BuddleFindlay 20 1.46 3

Page 66: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page64

APACex-JapanLoansAPACex-JapanLoans:LegalAdviser-LenderRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

BakerMcKenzie 1 8.244 12,541 43 2 7.359 0.885

Allen&OveryLLP 2 7.690 11,698 28 4 6.311 1.379

Lee&Ko 3 6.133 9,330 31 1 7.835 -1.702

Allen&Gledhill 4 5.811 8,840 15 6 6.127 -0.316

Allens 5 4.970 7,561 28 5 6.304 -1.334

CyrilAmarchandMangaldas 6 4.351 6,619 16 23 0.886 3.465

CliffordChanceLLP 7 4.036 6,140 9 3 6.638 -2.602

AshurstLLP 8 3.939 5,993 15 16 1.823 2.116

Shin&Kim 9 3.421 5,205 15 12 2.199 1.222

King&WoodMallesons 10 3.323 5,055 20 7 4.246 -0.923

Latham&WatkinsLLP 11 3.300 5,020 2 74 0.143 3.157

LinklatersLLP 12 2.481 3,775 12 10 2.960 -0.479

MayerBrownLLP 13 2.199 3,345 7 11 2.610 -0.411

HerbertSmithFreehills 14 2.100 3,195 10 8 3.652 -1.552

HoganLovellsUSLLP 15 1.978 3,010 4 27 0.702 1.276

WongPartnershipLLP 16 1.772 2,695 5 21 1.113 0.659

MinterEllison 17 1.704 2,592 6 14 1.845 -0.141

Kim&Chang 18 1.564 2,379 7 15 1.839 -0.275

FreshfieldsBruckhausDeringer

19 1.389 2,112 2 - - 1.389

BuddleFindlay 20 1.331 2,025 5 43 0.448 0.883

TOTAL 100% 152,130 464 100%

APACex-JapanLoans:LegalAdviser-LenderRankedbyDealCount

Firm RankMkt

Share(%)DealCount

BakerMcKenzie 1 8.24 43

Lee&Ko 2 6.13 31

Allen&OveryLLP 3 7.69 28

Allens 3 4.97 28

King&WoodMallesons 5 3.32 20

CyrilAmarchandMangaldas 6 4.35 16

Allen&Gledhill 7 5.81 15

AshurstLLP 7 3.94 15

Shin&Kim 7 3.42 15

BaeKim&Lee 10 1.19 13

LinklatersLLP 11 2.48 12

HerbertSmithFreehills 12 2.10 10

JunHeLLP 12 1.18 10

Chen&AssociatesAttorneysatLaw

14 0.83 9

CliffordChanceLLP 14 4.04 9

NortonRoseFulbrightLLP 14 0.97 9

White&CaseLLP 14 1.14 9

CHPartners 18 0.86 8

MinjuLawGroup 18 0.71 8

Kim&Chang 20 1.56 7

Page 67: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page65

SingaporeBorrowerLoansSingaporeBorrowerLoans:LegalAdviser-BorrowerRankedbyVolume

1st3Q2019 1st3Q2018

Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

Allen&Gledhill 1 49.244 2,446 4 1 44.848 4.396

WongPartnershipLLP 2 32.183 1,599 2 2 18.492 13.691

HerbertSmithFreehills 3 13.422 667 1 3 17.262 -3.840

Latham&WatkinsLLP 4 3.322 165 1 7 0.729 2.593

Gilbert+Tobin 5 1.829 91 1 - - 1.829

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 4,967 9 100%

SingaporeBorrowerLoans:LegalAdviser-BorrowerRankedbyDealCount

Firm Rank MktShare(%) DealCount

Allen&Gledhill 1 49.24 4

WongPartnershipLLP 2 32.18 2

Gilbert+Tobin 3 1.83 1

HerbertSmithFreehills 3 13.42 1

Latham&WatkinsLLP 3 3.32 1

Page 68: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page66

SingaporeBorrowerLoansSingaporeBorrowerLoans:LegalAdviser-LenderRankedbyVolume

1st3Q2019 1st3Q2018

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&Gledhill 1 44.631 8,607 14 1 51.075 -6.444

WongPartnershipLLP 2 13.718 2,646 4 3 12.303 1.415

CliffordChanceLLP 3 12.030 2,320 2 2 13.409 -1.379

Allen&OveryLLP 4 5.617 1,083 4 10 0.651 4.966

AshurstLLP 5 4.793 924 2 - - 4.793

HoganLovellsUSLLP 6 3.759 725 1 - - 3.759

McCannFitzgerald 6 3.759 725 1 - - 3.759

JonesDay 8 3.370 650 1 - - 3.370

LinklatersLLP 9 2.230 430 3 - - 2.230

Dentons 10 2.101 405 2 6 3.919 -1.818

Lee&Lee 11 1.620 312 1 9 0.996 0.624

FreshfieldsBruckhausDeringer

12 0.583 112 1 - - 0.583

TSMPLawCorp 12 0.583 112 1 - - 0.583

NortonRoseFulbrightLLP 14 0.577 111 2 - - 0.577

Rajah&Tann 15 0.210 40 1 5 4.298 -4.088

Allens 16 0.156 30 2 - - 0.156

Walkers 16 0.156 30 2 - - 0.156

AZB&Partners 18 0.106 20 1 - - 0.106

- - - - - - - -

- - - - - - - -

TOTAL 100% 19,285 37 100%

SingaporeBorrowerLoans:LegalAdviser-LenderRankedbyDealCount

Firm RankMkt

Share(%)DealCount

Allen&Gledhill 1 44.63 14

Allen&OveryLLP 2 5.62 4

WongPartnershipLLP 2 13.72 4

LinklatersLLP 4 2.23 3

Allens 5 0.16 2

AshurstLLP 5 4.79 2

CliffordChanceLLP 5 12.03 2

Dentons 5 2.10 2

NortonRoseFulbrightLLP 5 0.58 2

Walkers 5 0.16 2

AZB&Partners 11 0.11 1

FreshfieldsBruckhausDeringer

11 0.58 1

HoganLovellsUSLLP 11 3.76 1

JonesDay 11 3.37 1

Lee&Lee 11 1.62 1

McCannFitzgerald 11 3.76 1

Rajah&Tann 11 0.21 1

TSMPLawCorp 11 0.58 1

Page 69: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page67

SouthKoreaBorrowerLoanSouthKoreaBorrowerLoans:LegalAdviser-BorrowerRankedbyVolume

1st3Q2019 1st3Q2018

Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

Kim&Chang 1 24.893 2,839 8 1 44.190 -19.297

Lee&Ko 2 20.427 2,330 2 2 26.399 -5.972

CHPartners 3 10.862 1,239 7 6 2.446 8.416

MinjuLawGroup 4 7.395 844 7 - - 7.395

HYUNLaw 5 5.704 651 4 5 3.225 2.479

Shin&Kim 6 5.626 642 6 3 6.551 -0.925

BaeKim&Lee 7 4.831 551 2 4 5.391 -0.560

FirstAttorneysatLaw 8 2.768 316 4 9 1.371 1.397

Jipyong 9 2.666 304 1 13 0.896 1.770

NexusLawGroup 10 2.467 281 1 12 1.140 1.327

Yoon&Yang 11 2.372 271 2 - - 2.372

CheongdamLaw 12 1.460 166 2 - - 1.460

YujunLaw 13 1.368 156 2 11 1.183 0.185

Seyeon 14 1.296 148 3 - - 1.296

HMLaw 15 1.277 146 1 - - 1.277

SigongLaw 16 1.200 137 2 - - 1.200

Cho&Lee 17 0.944 108 1 - - 0.944

MyungjinLawCoLtd 18 0.891 102 1 - - 0.891

LeeKim&Partners 19 0.594 68 1 15 0.613 -0.019

LABPartners 20 0.431 49 1 - - 0.431

TOTAL 100% 11,406 60 100%

SouthKoreaBorrowerLoans:LegalAdviser-BorrowerRankedbyDealCount

Firm Rank MktShare(%) DealCount

Kim&Chang 1 24.89 8

CHPartners 2 10.86 7

MinjuLawGroup 2 7.40 7

Shin&Kim 4 5.63 6

FirstAttorneysatLaw 5 2.77 4

HYUNLaw 5 5.70 4

Seyeon 7 1.30 3

BaeKim&Lee 8 4.83 2

CheongdamLaw 8 1.46 2

Lee&Ko 8 20.43 2

SigongLaw 8 1.20 2

Yoon&Yang 8 2.37 2

YujunLaw 8 1.37 2

Cho&Lee 14 0.94 1

HMLaw 14 1.28 1

HyeLawFirm 14 0.38 1

Jipyong 14 2.67 1

JoongYongLawFirm 14 0.15 1

Kyungsung 14 0.00 1

LABPartners 14 0.43 1

Page 70: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg PreliminaryGlobalLegalAdviser|1st3Q2019

BloombergLeagueTableReports Page68

SouthKoreaBorrowerLoanSouthKoreaBorrowerLoans:LegalAdviser-BorrowerRankedbyVolume

1st3Q2019 1st3Q2018

Firm Rank MktShare(%) Volume(USDMln) DealCount PrevRank PrevMktShare(%) MktShareChg(%)

Kim&Chang 1 24.893 2,839 8 1 44.190 -19.297

Lee&Ko 2 20.427 2,330 2 2 26.399 -5.972

CHPartners 3 10.862 1,239 7 6 2.446 8.416

MinjuLawGroup 4 7.395 844 7 - - 7.395

HYUNLaw 5 5.704 651 4 5 3.225 2.479

Shin&Kim 6 5.626 642 6 3 6.551 -0.925

BaeKim&Lee 7 4.831 551 2 4 5.391 -0.560

FirstAttorneysatLaw 8 2.768 316 4 9 1.371 1.397

Jipyong 9 2.666 304 1 13 0.896 1.770

NexusLawGroup 10 2.467 281 1 12 1.140 1.327

Yoon&Yang 11 2.372 271 2 - - 2.372

CheongdamLaw 12 1.460 166 2 - - 1.460

YujunLaw 13 1.368 156 2 11 1.183 0.185

Seyeon 14 1.296 148 3 - - 1.296

HMLaw 15 1.277 146 1 - - 1.277

SigongLaw 16 1.200 137 2 - - 1.200

Cho&Lee 17 0.944 108 1 - - 0.944

MyungjinLawCoLtd 18 0.891 102 1 - - 0.891

LeeKim&Partners 19 0.594 68 1 15 0.613 -0.019

LABPartners 20 0.431 49 1 - - 0.431

TOTAL 100% 11,406 60 100%

SouthKoreaBorrowerLoans:LegalAdviser-BorrowerRankedbyDealCount

Firm Rank MktShare(%) DealCount

Kim&Chang 1 24.89 8

CHPartners 2 10.86 7

MinjuLawGroup 2 7.40 7

Shin&Kim 4 5.63 6

FirstAttorneysatLaw 5 2.77 4

HYUNLaw 5 5.70 4

Seyeon 7 1.30 3

BaeKim&Lee 8 4.83 2

CheongdamLaw 8 1.46 2

Lee&Ko 8 20.43 2

SigongLaw 8 1.20 2

Yoon&Yang 8 2.37 2

YujunLaw 8 1.37 2

Cho&Lee 14 0.94 1

HMLaw 14 1.28 1

HyeLawFirm 14 0.38 1

Jipyong 14 2.67 1

JoongYongLawFirm 14 0.15 1

Kyungsung 14 0.00 1

LABPartners 14 0.43 1

Page 71: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

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 72: GLOBAL LEGAL ADVISERS€¦ · Global Equity IPO: Legal Adviser - Issuer Ranked by Deal Count Firm Rank Mkt Share(%) Deal Count Conyers Dill & Pearman 1 1.06 47 Maples & Calder 2 1.62

Bloomberg – League Tables Criteria

Loans

Includes executed syndicated loans transactions. Full credit is awarded to the banks satisfying the highest of the titles. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers. Credit is allocated to amended or amended and restated transactions, where each modification is 100% at the lender’s option and not as a result of events already built into the original credit agreement. Credit is awarded for the following structural changes only: maturity extensions of three months or more, incremental basis for increased in deal size, reduction in pricing, full release of collateral.

Exclusions: Bilateral transactions, transactions with a maturity of less than three months, loans withdrawn prior to signing, amended or restated securitizations, receivable and guarantee facilities, loan pacts, and standalone guarantee facilities/letters of credit.

US Municipals

Standard published tables will award deal credit based on true economic credit as reported by the issuer or the bookrunner. In absence of reported economic credit, 100% will be assigned to the bookrunner.

Dollar value of credit will be assigned based on the percentage allocation reported for economic credit (or designated by the user in a custom table) and applied against the total par value of the bonds issued. Zero coupon bonds (CABS) or intermediate appreciation bonds (convertible CABs) will be included at the market value (accreted value) on the interest accrual date.

All debt issued by municipal issuers will be eligible for league credit. Taxable and tax-exempt debt is eligible for league credit unless a table includes specific tax type criteria. “Tax-exempt” is defined as federally tax-exempt and includes bonds subject to AMT and bonds designated as Bank Qualified.

Each table is provided in three formats. “Economic Credit” displays rankings based on true economic credit allocations of applicable deals. “Left Lead” assigns 100% credit to the bookrunner and 0% to all other syndicate participants. “Deal Count” displays rankings based on deal quantity rather than aggregate economic credit amounts. A “deal” refers to the aggregate series within an issuance led by a particular underwriter or syndicate. For example: a $50 million issuance is split into three series- a $10 million Series A, a $20 million Series B, and a $20 million Series C. Bank 1 is the underwriter of Series A & B, while Bank 2 is the underwriter of Series C. Bank 1 would have one “deal” worth $30 million, and Bank 2 would have one “deal” worth $20 million.

Exclusions: Derivatives, private placements, variable rate preferred securities, municipal commercial paper, and remarketings are excluded from municipal league table eligibility.

The full version of Bloomberg’s League table Standards & Guidelines can be accessed and subscribed to on the Reports tab on

LEAG<GO>.

Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.