global legal adviser - bloomberg professional · pdf fileglobal legal adviser | q1 2017. ......

GLOBALLEGAL ADVISER LEAGUE TABLES

Q1 2017

DATA SUBMISSIONS AND QUERIES

Contact Phone Email Americas Paul Bandong +1 609 279 5187 [email protected]

EMEA Sami Arafeh +971 4 4492349 [email protected]

Asia-Pacific Hung Truong +65 6212 1326 [email protected]

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.

Q1 2017 Preliminary

LEGAL ADVISER RANKINGS

LEGAL CAPITAL MARKETS

© 2017 Bloomberg Finance L.P. All rights reserved.

Bloomberg GlobalLegalAdviser|Q12017

BloombergLeagueTableReports Page1

GlobalEquity,EquityLinked&Rights:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

LinklatersLLP 1 12.070 15,178 2 1 6.725 5.345

Vinson&ElkinsLLP 2 5.509 6,927 14 6 3.471 2.038

King&WoodMallesons 3 4.483 5,637 10 56 0.401 4.082

CooleyLLP 4 3.795 4,772 12 45 0.620 3.175

Latham&WatkinsLLP 5 3.709 4,664 25 14 2.172 1.537

SimpsonThacher&Bartlett 6 2.784 3,501 10 16 1.484 1.300

DavisPolk&Wardwell 7 2.766 3,478 8 - - 2.766

WeilGotshal&MangesLLP 8 2.523 3,173 6 38 0.805 1.718

GibsonDunn&Crutcher 9 2.282 2,870 7 103 0.099 2.183

Sullivan&Cromwell 10 2.016 2,535 11 19 1.292 0.724

SkaddenArpsSlateMeagher&Flom

11 1.971 2,479 9 9 3.008 -1.037

CravathSwaine&Moore 12 1.877 2,360 3 99 0.105 1.772

VenableLLP 13 1.757 2,209 10 13 2.207 -0.450

PaulWeissRifkindWharton&Garrison

14 1.738 2,185 11 21 1.268 0.470

BredinPrat 15 1.727 2,171 1 - - 1.727

FriedFrankHarrisShriver&Jacobson

16 1.413 1,776 4 - - 1.413

WilsonSonsiniGoodrich&Rosati 17 1.394 1,753 6 44 0.704 0.690

SidleyAustinLLP 18 1.389 1,747 5 - - 1.389

NagashimaOhno&Tsunematsu 19 1.175 1,478 3 10 2.843 -1.668

StikemanElliott 20 1.159 1,457 4 139 0.043 1.116

TOTAL 100% 125,747 663 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount

Latham&WatkinsLLP 1 3.71 25

GrandallLawFirm 2 1.03 19

ConyersDill&Pearman 3 0.87 15

BeijingDehengLaw 4 0.73 14

Vinson&ElkinsLLP 4 5.51 14

BeijingGrandwayLawOffices 6 0.59 12

CooleyLLP 6 3.79 12

AllbrightLawOffice 8 0.45 11

Appleby 8 0.08 11


8 1.74 11

Sullivan&Cromwell 8 2.02 11

Baker&McKenzie 12 0.54 10

King&WoodMallesons 12 4.48 10

SimpsonThacher&Bartlett 12 2.78 10

VenableLLP 12 1.76 10

GoodwinProcterLLP 16 0.57 9


16 1.97 9

BlakeCassels&GraydonLLP 18 0.83 8

DLAPiperLLP 18 0.66 8

DavisPolk&Wardwell 18 2.77 8



GlobalEquity,EquityLinked&Rights:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

White&CaseLLP 1 14.865 16,292 10 23 1.151 13.714



GoodwinProcterLLP 4 5.818 6,376 12 63 0.099 5.719

DavisPolk&Wardwell 5 5.383 5,900 27 1 14.608 -9.225

LinklatersLLP 6 5.062 5,548 15 8 3.377 1.685


CahillGordon&Reindel 8 3.602 3,947 8 12 2.176 1.426

Shearman&SterlingLLP 9 3.463 3,795 7 14 2.052 1.411


FreshfieldsBruckhausDeringer 11 2.146 2,352 12 21 1.230 0.916

BakerBottsLLP 12 2.126 2,330 4 9 3.239 -1.113

SidleyAustinLLP 13 1.885 2,066 6 3 8.293 -6.408


14 1.870 2,050 13 13 2.173 -0.303

BlakeCassels&GraydonLLP 15 1.814 1,988 12 26 0.970 0.844


16 1.640 1,798 3 68 0.082 1.558

HoganLovellsUSLLP 17 1.578 1,730 5 38 0.493 1.085

PaulHastingsLLP 18 1.238 1,356 4 36 0.551 0.687

AshurstLLP 19 1.194 1,308 2 20 1.278 -0.084

NortonRoseFulbrightLLP 20 1.190 1,304 6 6 4.588 -3.398

TOTAL 100% 109,597 450 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount




LinklatersLLP 4 5.06 15

StikemanElliott 5 0.55 14

CooleyLLP 6 0.84 13


6 1.87 13


FreshfieldsBruckhausDeringer 8 2.15 12



White&CaseLLP 11 14.87 10

BordenLadnerGervaisLLP 13 0.34 9

CliffordChanceLLP 13 0.96 9

Covington&Burling 13 0.85 9

EllenoffGrossmanSchole&CyruliLLP

13 0.22 9

MintzLevinCohnFerrisGlovsky&PopeoPC

13 0.18 9

CahillGordon&Reindel 18 3.60 8

HerbertSmithFreehills 19 0.54 7

Jingtian&Gongcheng 19 0.27 7



GlobalEquityIPO:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

CooleyLLP 1 12.371 3,958 2 22 1.217 11.154




VenableLLP 5 2.902 929 2 - - 2.902

BeijingDehengLaw 6 2.547 815 13 42 0.442 2.105

Latham&WatkinsLLP 7 2.422 775 5 5 5.019 -2.597

HerbertSmithFreehills 8 2.381 762 1 - - 2.381

BeijingGrandwayLawOffices 9 2.314 741 12 18 1.949 0.365

DavisPolk&Wardwell 10 2.234 715 2 - - 2.234

GrandallLawFirm 11 2.187 700 18 15 2.098 0.089

ShuJinLawFirm 12 2.148 687 7 87 0.029 2.119


13 2.110 675 2 32 0.635 1.475


14 2.067 661 1 - - 2.067

DLAPiperLLP 15 1.890 605 5 47 0.354 1.536

SchulteRoth&ZabelLLP 16 1.827 585 1 - - 1.827

AllbrightLawOffice 17 1.785 571 11 69 0.090 1.695

Vinson&ElkinsLLP 18 1.734 555 2 - - 1.734

Allen&OveryLLP 19 1.448 463 2 13 2.232 -0.784

HunanQiyuanLawFirm 20 1.321 423 6 48 0.347 0.974

TOTAL 100% 31,997 296 100%

RankedbyDealCount

Firm RankMkt

Share(%) DealCount




BeijingGrandwayLawOffices

4 2.31 12


Appleby 5 0.32 11


ZhongLunLawFirm 8 1.30 8

ShuJinLawFirm 9 2.15 7

HunanQiyuanLawFirm 10 1.32 6

MVKini&Co 10 0.04 6


Kanga&Co 12 0.04 5



FangdaPartners 15 0.45 4

JiaYuanLawFirm 15 0.52 4

JunHeLawOffices 15 1.16 4

Maples&Calder 15 0.98 4

TianYuanLawFirm 15 0.63 4



GlobalEquityIPO:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)



Vinson&ElkinsLLP 3 6.149 1,471 3 - - 6.149

White&CaseLLP 4 5.508 1,318 5 11 2.880 2.628

PaulHastingsLLP 5 5.295 1,267 3 - - 5.295

LinklatersLLP 6 4.530 1,084 2 - - 4.530

CahillGordon&Reindel 7 3.923 939 2 - - 3.923

DavisPolk&Wardwell 8 3.839 919 4 4 7.406 -3.567

FreshfieldsBruckhausDeringer 9 3.616 865 3 8 5.002 -1.386

NortonRoseFulbrightLLP 10 3.421 819 4 44 0.157 3.264

SimpsonThacher&Bartlett 11 2.464 590 2 - - 2.464

AndrewsKurthLLP 12 1.981 474 1 - - 1.981

CliffordChanceLLP 13 1.894 453 5 1 15.476 -13.582

GibsonDunn&Crutcher 14 1.745 418 1 - - 1.745

MattosFilhoVeigaFilhoMarreyQuiroga

15 1.530 366 1 - - 1.530

GowlingLafleurHenderson 16 1.485 355 2 - - 1.485

Winston&Strawn 17 1.463 350 1 - - 1.463

Jingtian&Gongcheng 18 1.224 293 7 20 0.917 0.307

Cheang&Ariff 19 1.220 292 1 - - 1.220

CooleyLLP 20 1.106 265 3 28 0.577 0.529

TOTAL 100% 23,928 110 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount




Loeb&LoebLLP 3 0.20 5




NortonRoseFulbrightLLP 6 3.42 4

CooleyLLP 9 1.11 3

FreshfieldsBruckhausDeringer

9 3.62 3


PaulHastingsLLP 9 5.30 3


BurstallWingerLLP 14 0.06 2

GowlingLafleurHenderson 14 1.49 2

HowseWilliamsBowers 14 0.16 2


MillerThomsonLLP 14 0.01 2


StephensonHarwood 14 0.05 2



GlobalBonds:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Sullivan&Cromwell 1 13.664 33,331 25 1 24.562 -10.898


ClearyGottliebSteen&Hamilton 3 11.079 27,025 24 3 5.495 5.584



Hunton&Williams 6 3.874 9,450 12 10 2.563 1.311

CravathSwaine&Moore 7 3.606 8,795 7 5 3.969 -0.363

LinklatersLLP 8 2.872 7,007 8 18 1.304 1.568

Covington&Burling 9 2.460 6,000 6 9 2.662 -0.202


Arnold&Porter 11 1.906 4,650 4 12 1.819 0.087

Shearman&SterlingLLP 12 1.808 4,411 4 11 2.290 -0.482

PillsburyWinthropShawPittmanLLP

13 1.783 4,350 8 69 0.116 1.667

FaegreBakerDanielsLLP 14 1.660 4,050 2 19 1.240 0.420

White&CaseLLP 15 1.582 3,859 4 15 1.812 -0.230

MayerBrownLLP 16 1.537 3,750 4 42 0.372 1.165

Debevoise&PlimptonLLP 17 1.332 3,250 6 48 0.301 1.031

BordenLadnerGervaisLLP 18 1.193 2,909 2 53 0.242 0.951

GibsonDunn&Crutcher 19 1.148 2,800 5 - - 1.148


20 1.127 2,750 4 26 0.827 0.300

TOTAL 100% 243,931 233 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount


ClearyGottliebSteen&Hamilton 2 11.08 24


HoganLovellsUSLLP 4 5.82 15


Hunton&Williams 6 3.87 12




7 1.78 8

CravathSwaine&Moore 10 3.61 7


Debevoise&PlimptonLLP 11 1.33 6


SidleyAustinLLP 11 2.33 6

GibsonDunn&Crutcher 15 1.15 5

Arnold&Porter 16 1.91 4

MayerBrownLLP 16 1.54 4


16 1.13 4

Shearman&SterlingLLP 16 1.81 4




GlobalBonds:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

SimpsonThacher&Bartlett 1 13.193 38,531 36 2 14.530 -1.337


DavisPolk&Wardwell 3 10.210 29,820 44 4 7.918 2.292


WeilGotshal&MangesLLP 5 5.821 17,000 7 - - 5.821


SidleyAustinLLP 7 5.285 15,435 20 9 5.108 0.177



9 3.373 9,850 10 28 0.302 3.071

Allen&OveryLLP 10 3.347 9,776 10 1 15.101 -11.754

CliffordChanceLLP 11 3.160 9,229 10 16 1.204 1.956

LinklatersLLP 12 2.412 7,044 30 8 5.342 -2.930

HengelerMueller 13 2.243 6,550 4 12 2.108 0.135


14 1.909 5,575 8 30 0.275 1.634

MilbankTweedHadley&McCloyLLP

15 1.806 5,275 5 - - 1.806

OslerHoskin&HarcourtLLP 16 1.494 4,365 3 26 0.401 1.093


DLAPiperLLP 18 1.198 3,500 2 - - 1.198

NortonRoseFulbrightLLP 19 0.800 2,338 3 - - 0.800


TOTAL 100% 292,052 299 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount









Allen&OveryLLP 9 3.35 10



9 3.37 10


12 1.91 8

WeilGotshal&MangesLLP 13 5.82 7


14 1.81 5

HengelerMueller 15 2.24 4


Morrison&FoersterLLP 17 0.68 3


OslerHoskin&HarcourtLLP 17 1.49 3




USEquityOfferings:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


CooleyLLP 2 8.795 4,636 9 20 1.480 7.315






VenableLLP 8 4.060 2,140 9 6 5.332 -1.272


9 3.125 1,647 6 5 7.267 -4.142



11 2.497 1,316 3 - - 2.497

Sullivan&Cromwell 12 2.364 1,246 5 - - 2.364

Jenner&BlockLLC 13 2.042 1,076 1 - - 2.042

Ropes&Gray 14 1.488 784 4 10 2.513 -1.025

JonesDay 15 1.458 769 4 - - 1.458

ConyersDill&Pearman 16 1.455 767 1 51 0.205 1.250

WilsonSonsiniGoodrich&Rosati 17 1.369 722 4 45 0.358 1.011

DLAPiperLLP 18 1.328 700 3 52 0.182 1.146


19 1.280 675 2 50 0.234 1.046

Debevoise&PlimptonLLP 20 1.252 660 2 - - 1.252

TOTAL 100% 52,714 220 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount



CooleyLLP 3 8.80 9

VenableLLP 3 4.06 9




Fenwick&WestLLP 8 1.24 6


8 3.12 6

BakerBottsLLP 10 0.71 5




JonesDay 13 1.46 4

MorganLewis&Bockius 13 0.65 4

Ropes&Gray 13 1.49 4

WilsonSonsiniGoodrich&Rosati 13 1.37 4


18 2.50 3


WilmerCutlerPickeringHale&DorrLLP

18 0.28 3



USEquityOfferings:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)





Shearman&SterlingLLP 5 5.806 3,059 5 - - 5.806


Vinson&ElkinsLLP 7 4.511 2,377 9 6 5.150 -0.639

BakerBottsLLP 8 4.422 2,330 4 5 7.161 -2.739



10 2.975 1,568 2 28 0.180 2.795




13 2.094 1,103 5 8 2.880 -0.786

ClearyGottliebSteen&Hamilton 14 2.006 1,057 3 - - 2.006

Covington&Burling 15 1.740 917 8 30 0.129 1.611

CravathSwaine&Moore 16 1.632 860 3 4 8.367 -6.735

Sullivan&Cromwell 17 1.482 781 3 17 0.932 0.550

CooleyLLP 18 1.413 744 11 16 1.008 0.405

AndrewsKurthLLP 19 1.135 598 2 20 0.620 0.515

NortonRoseFulbrightLLP 20 0.805 424 1 - - 0.805

TOTAL 100% 52,689 219 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount



CooleyLLP 3 1.41 11






7 0.43 8

MintzLevinCohnFerrisGlovsky&PopeoPC

7 0.37 8





12 2.09 5






ProskauerRoseLLP 16 0.12 3




USEquityIPO:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

CooleyLLP 1 30.891 3,910 1 2 14.150 16.741

WeilGotshal&MangesLLP 2 11.337 1,435 2 1 46.982 -35.645

VenableLLP 3 7.337 929 2 - - 7.337



5 5.333 675 2 4 7.691 -2.358


6 5.224 661 1 - - 5.224



DLAPiperLLP 9 3.871 490 1 - - 3.871



WachtellLiptonRosen&Katz 12 2.076 263 1 - - 2.076

WilsonSonsiniGoodrich&Rosati 13 2.008 254 1 - - 2.008

DrinkerBiddle&ReathLLP 14 1.726 219 1 - - 1.726

Fenwick&WestLLP 15 1.677 212 2 - - 1.677

GibsonDunn&Crutcher 16 1.628 206 1 - - 1.628

LedgewoodLawFirm 17 1.383 175 1 - - 1.383


18 1.287 163 1 - - 1.287

GoodwinProcterLLP 19 0.925 117 1 7 4.698 -3.773

BakerBottsLLP 20 0.711 90 1 - - 0.711

TOTAL 100% 12,657 30 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount


1 5.33 2

Fenwick&WestLLP 1 1.68 2

VenableLLP 1 7.34 2




CooleyLLP 6 30.89 1



DrinkerBiddle&ReathLLP 6 1.73 1


6 5.22 1




LedgewoodLawFirm 6 1.38 1


6 1.29 1

SchulteRoth&ZabelLLP 6 4.62 1


WachtellLiptonRosen&Katz 6 2.08 1




USEquityIPO:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

GoodwinProcterLLP 1 47.013 5,939 4 - - 47.013

Latham&WatkinsLLP 2 11.820 1,493 5 - - 11.820






Winston&Strawn 8 2.771 350 1 - - 2.771


CooleyLLP 10 2.096 265 3 5 5.423 -3.327

BakerBottsLLP 11 1.631 206 1 - - 1.631


12 1.385 175 1 - - 1.385

Kirkland&Ellis 13 0.641 81 1 - - 0.641

ReedSmithLLP 14 0.137 17 1 - - 0.137

BlankRomeLLP 15 0.103 13 1 - - 0.103

GreenbergTraurigLLP 16 0.098 12 1 - - 0.098

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 12,631 29 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount



CooleyLLP 3 2.10 3




AndrewsKurthLLP 7 3.75 1


BlankRomeLLP 7 0.10 1



7 1.39 1

GreenbergTraurigLLP 7 0.10 1

Kirkland&Ellis 7 0.64 1

ReedSmithLLP 7 0.14 1


Winston&Strawn 7 2.77 1



USEquityLinked:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)



2 11.002 575 1 - - 11.002


3 8.801 460 1 - - 8.801

Morrison&FoersterLLP 4 8.132 425 2 - - 8.132

ProskauerRoseLLP 5 6.697 350 1 - - 6.697

PerkinsCoieLLP 6 6.601 345 1 - - 6.601

StinsonMorrisonHeckerLLP 7 5.501 288 1 - - 5.501

Loeb&LoebLLP 7 5.501 288 1 - - 5.501


9 5.245 274 1 - - 5.245

Dechert 10 4.401 230 1 - - 4.401

Latham&WatkinsLLP 11 2.870 150 1 - - 2.870


SidleyAustinLLP 13 2.392 125 1 - - 2.392

JonesDay 13 2.392 125 1 - - 2.392

WillkieFarr&Gallagher 15 2.200 115 1 - - 2.200

VenableLLP 16 1.320 69 1 - - 1.320


AshurstLLP 18 1.018 53 1 - - 1.018

BakerBottsLLP 19 0.957 50 1 - - 0.957

MorrisNicholsArsht&Tunnell 20 0.733 38 1 - - 0.733

TOTAL 100% 5,226 19 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount


AshurstLLP 2 1.02 1



Dechert 2 4.40 1


2 8.80 1

JonesDay 2 2.39 1




2 11.00 1


2 5.24 1

PerkinsCoieLLP 2 6.60 1




StinsonMorrisonHeckerLLP 2 5.50 1

VenableLLP 2 1.32 1


WillkieFarr&Gallagher 2 2.20 1




USEquityLinked:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)





4 10.865 676 3 - - 10.865


FreshfieldsBruckhausDeringer 6 7.479 465 2 - - 7.479

White&CaseLLP 7 4.624 288 1 - - 4.624

CravathSwaine&Moore 8 4.409 274 1 - - 4.409


9 3.699 230 1 - - 3.699


GoodwinProcterLLP 11 2.312 144 1 - - 2.312


- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 6,217 21 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount





2 10.87 3





6 3.70 1




WilsonSonsiniGoodrich&Rosati

6 2.31 1



USCorporateBonds:LegalAdviser-Issuer/BorrowerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)







Hunton&Williams 7 3.059 10,500 14 12 2.297 0.762


Kirkland&Ellis 9 2.335 8,015 12 22 1.335 1.000

GibsonDunn&Crutcher 10 2.265 7,775 12 11 2.352 -0.087


MayerBrownLLP 12 2.054 7,052 11 31 0.730 1.324



Maples&Calder 15 1.569 5,388 6 - - 1.569

McGuireWoodsLLP 16 1.436 4,928 8 16 1.711 -0.275


17 1.400 4,805 9 26 0.922 0.478


18 1.384 4,750 9 74 0.103 1.281

JonesDay 19 1.340 4,600 7 18 1.588 -0.248

White&CaseLLP 20 1.194 4,100 9 9 2.434 -1.240

TOTAL 100% 343,281 457 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount













11 1.17 11





15 1.40 9


15 1.38 9


McGuireWoodsLLP 19 1.44 8




USCorporateBonds:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)











10 3.424 12,575 17 14 1.376 2.048

Latham&WatkinsLLP 11 3.315 12,175 21 8 5.149 -1.834

Morrison&FoersterLLP 12 3.159 11,603 11 11 2.546 0.613

O'Melveny&MyersLLP 13 3.145 11,550 17 17 1.302 1.843

Allen&OveryLLP 14 2.661 9,773 13 1 15.176 -12.515



16 1.799 6,607 10 27 0.640 1.159



18 1.518 5,575 8 26 0.666 0.852

White&CaseLLP 19 1.259 4,625 6 19 1.101 0.158

DLAPiperLLP 20 0.953 3,500 2 - - 0.953

TOTAL 100% 367,252 478 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount










O'Melveny&MyersLLP 10 3.14 17


10 3.42 17





15 1.80 10



16 1.52 8






USInvestmentGradeCorporateBonds:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)






Hunton&Williams 6 3.812 10,200 13 10 2.558 1.254




MayerBrownLLP 10 2.261 6,050 9 30 0.817 1.444




McGuireWoodsLLP 14 1.842 4,928 8 21 1.221 0.621


15 1.775 4,750 9 63 0.116 1.659

JonesDay 16 1.476 3,950 5 17 1.753 -0.277

O'Melveny&MyersLLP 17 1.346 3,600 6 4 5.445 -4.099

White&CaseLLP 18 1.327 3,550 8 10 2.558 -1.231

Maples&Calder 19 1.266 3,388 4 - - 1.266

Loyens&Loeff 19 1.266 3,388 4 - - 1.266

TOTAL 100% 267,545 334 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount












9 1.78 9












USInvestmentGradeCorporateBonds:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)








Morrison&FoersterLLP 8 3.917 11,603 11 13 2.172 1.745

O'Melveny&MyersLLP 9 3.899 11,550 17 15 1.402 2.497



11 2.987 8,850 11 18 1.177 1.810

Allen&OveryLLP 12 2.768 8,200 9 1 16.750 -13.982




15 1.980 5,865 8 31 0.326 1.654


16 1.882 5,575 8 27 0.431 1.451



White&CaseLLP 19 1.435 4,250 5 25 0.608 0.827

DLAPiperLLP 20 1.181 3,500 2 - - 1.181

TOTAL 100% 296,255 359 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount












10 2.99 11





14 1.98 8


14 1.88 8



LockeLordLLP 19 0.01 5




USHighYieldCorporateBonds:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)



Kirkland&Ellis 3 8.228 5,415 7 3 8.868 -0.640



Shearman&SterlingLLP 6 4.304 2,833 6 29 0.929 3.375


7 3.343 2,200 5 4 7.520 -4.177

HodgsonRussLLP 7 3.343 2,200 1 - - 3.343

GibsonDunn&Crutcher 9 3.229 2,125 3 5 6.186 -2.957

Maples&Calder 10 3.039 2,000 2 - - 3.039



12 2.705 1,780 4 14 2.109 0.596

ProskauerRoseLLP 13 2.348 1,545 3 - - 2.348

Ropes&Gray 14 2.279 1,500 2 22 1.305 0.974

FaskenMartineauDuMoulinLLP 15 1.884 1,240 3 - - 1.884

WilliamFry 16 1.835 1,208 2 - - 1.835



CravathSwaine&Moore 19 1.317 867 3 27 0.993 0.324

MayerBrownLLP 20 1.292 850 1 - - 1.292

TOTAL 100% 65,808 102 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount








7 3.34 5


8 2.70 4



FaskenMartineauDuMoulinLLP 10 1.88 3






16 1.29 2



16 0.87 2


WilliamFry 16 1.83 2



USHighYieldCorporateBonds:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)




3 5.696 3,500 4 8 3.569 2.127





Allen&OveryLLP 8 2.312 1,421 3 - - 2.312

BakerBottsLLP 9 2.197 1,350 2 - - 2.197

HughesHubbard&ReedLLP 10 2.116 1,300 2 - - 2.116

StikemanElliott 11 1.790 1,100 2 - - 1.790


Citi 13 1.383 850 1 - - 1.383


McCannFitzgerald 15 1.273 783 2 - - 1.273

MayerBrownLLP 16 1.221 750 1 - - 1.221

CadwaladerWickersham&Taft 16 1.221 750 1 - - 1.221

ClearyGottliebSteen&Hamilton 18 1.009 620 2 - - 1.009

PaulHastingsLLP 19 0.976 600 1 - - 0.976

WeilGotshal&MangesLLP 20 0.895 550 1 - - 0.895

TOTAL 100% 61,446 107 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount








6 5.70 4




HughesHubbard&ReedLLP 9 2.12 2

McCannFitzgerald 9 1.27 2



CadwaladerWickersham&Taft 15 1.22 1

Citi 15 1.38 1







CanadaEquityOfferings:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


BennettJonesLLP 2 14.167 1,652 7 11 1.830 12.337

BlakeCassels&GraydonLLP 3 11.501 1,341 8 1 35.382 -23.881



5 9.881 1,152 3 5 6.689 3.192

McCarthyTetrault 6 7.034 820 5 4 8.990 -1.956

Torys 7 5.535 645 5 2 16.260 -10.725

OslerHoskin&HarcourtLLP 8 4.634 540 3 7 3.642 0.992

GoodmansLLP 9 3.839 448 3 9 2.704 1.135

FaskenMartineauDuMoulinLLP 10 1.871 218 3 19 0.066 1.805

Ropes&Gray 11 1.677 196 1 - - 1.677

CasselsBrock&BlackwellLLP 12 1.424 166 4 8 3.422 -1.998

DLAPiperLLP 13 1.240 145 2 15 0.581 0.659


CooleyLLP 15 1.006 117 2 - - 1.006


BurnetDuckworth&Palmer 17 0.902 105 3 6 4.916 -4.014

Dentons 18 0.484 56 2 10 2.178 -1.694

McMillanLLP 19 0.467 54 2 - - 0.467


20 0.425 50 1 - - 0.425

TOTAL 100% 11,657 82 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount


BennettJonesLLP 2 14.17 7


McCarthyTetrault 4 7.03 5

Torys 4 5.54 5

CasselsBrock&BlackwellLLP 6 1.42 4


BurnetDuckworth&Palmer 8 0.90 3


ClarkWilsonLLP 8 0.41 3

FarrisVaughanWills&Murphy 8 0.37 3


GoodmansLLP 8 3.84 3





8 9.88 3

CooleyLLP 18 1.01 2

Dentons 18 0.48 2

McMillanLLP 18 0.47 2



CanadaEquityOfferings:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)



2 20.020 1,698 4 2 12.910 7.110

StikemanElliott 3 8.736 741 13 3 12.775 -4.039

Torys 4 6.072 515 2 12 0.705 5.367

Dentons 5 6.033 512 3 4 8.295 -2.262

BordenLadnerGervaisLLP 6 5.865 498 9 16 0.095 5.770

OslerHoskin&HarcourtLLP 7 3.331 283 3 8 5.302 -1.971


DaviesWardPhillips&VinebergLLP

9 3.037 258 2 10 1.309 1.728


FaskenMartineauDuMoulinLLP 11 1.948 165 2 - - 1.948


12 1.562 132 2 6 7.231 -5.669

BurnetDuckworth&Palmer 13 1.366 116 2 11 1.275 0.091

McMillanLLP 14 1.253 106 2 18 0.066 1.187

CasselsBrock&BlackwellLLP 15 1.122 95 4 - - 1.122

NortonRoseFulbrightLLP 16 0.944 80 1 1 31.880 -30.936

GoodmansLLP 17 0.881 75 1 - - 0.881


BennettJonesLLP 19 0.520 44 2 13 0.500 0.020

Baker&McKenzie 20 0.469 40 3 14 0.327 0.142

TOTAL 100% 8,482 79 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount






4 20.02 4



Dentons 6 6.03 3








12 3.04 2


McCulloughO'ConnorIrwin 12 0.09 2



12 1.56 2

Torys 12 6.07 2



CanadaEquityIPO:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%) MktShareChg(%)

StikemanElliott 1 32.766 228 2 - - 32.766

Ropes&Gray 2 28.069 196 1 - - 28.069

DLAPiperLLP 3 20.747 145 2 - - 20.747

McCarthyTetrault 4 11.351 79 1 - - 11.351

King&WoodMallesons 5 2.726 19 1 - - 2.726


McInnesCooper 7 0.431 3 1 - - 0.431

ClarkWilsonLLP 8 0.287 2 1 - - 0.287

PushorMitchellLLP 9 0.144 1 1 - - 0.144

Dechert 10 0.107 0.75 1 - - 0.107

BMMorrisonPartners 10 0.107 0.75 1 - - 0.107

ButeraAlmenaraAnaKarina

10 0.107 0.75 1 - - 0.107

NortonRoseFulbrightLLP 10 0.107 0.75 1 - - 0.107

StudioLegaleSutti 10 0.107 0.75 1 - - 0.107

MillerThomsonLLP 15 0.086 0.60 1 - - 0.086

TingleMerrettLLP 16 0.072 0.50 1 - - 0.072

Woods&Co 17 0.057 0.40 1 - - 0.057

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 696 13 100%

RankedbyDealCount

Firm Rank MktShare(%) DealCount



BMMorrisonPartners 3 0.11 1

ButeraAlmenaraAnaKarina 3 0.11 1


Dechert 3 0.11 1




McInnesCooper 3 0.43 1



PushorMitchellLLP 3 0.14 1


StudioLegaleSutti 3 0.11 1

TingleMerrettLLP 3 0.07 1

Woods&Co 3 0.06 1



CanadaEquityIPO:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

OslerHoskin&HarcourtLLP 1 28.220 196 1 - - 28.220



3 20.808 144 1 - - 20.808

StikemanElliott 4 11.412 79 1 - - 11.412


BurstallWingerLLP 6 2.885 20 2 - - 2.885

LockeLordLLP 7 2.741 19 1 - - 2.741

FarrisVaughanWills&Murphy 8 0.433 3 1 - - 0.433

MillerThomsonLLP 9 0.346 2 2 4 4.930 -4.584

McCulloughO'ConnorIrwin 10 0.087 0.60 1 - - 0.087

Dentons 11 0.072 0.50 1 - - 0.072

ChitizPathakLLP 12 0.051 0.35 1 - - 0.051

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 692 12 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount




ChitizPathakLLP 3 0.05 1


3 20.81 1

Dentons 3 0.07 1



LockeLordLLP 3 2.74 1






CanadaEquity&EquityLinked:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)






5 10.125 1,218 4 5 6.627 3.498


Torys 7 5.366 645 5 2 16.109 -10.743

GoodmansLLP 8 5.358 644 4 9 2.678 2.680



Ropes&Gray 11 1.626 196 1 - - 1.626


DLAPiperLLP 13 1.202 145 2 16 0.575 0.627


CooleyLLP 15 0.975 117 2 - - 0.975



Dentons 18 0.469 56 2 10 2.158 -1.689

McMillanLLP 19 0.452 54 2 - - 0.452


20 0.412 50 1 - - 0.412

TOTAL 100% 12,025 85 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount





Torys 4 5.37 5





6 10.12 4










Dentons 18 0.47 2




CanadaEquity&EquityLinked:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)



2 19.188 1,698 4 2 12.822 6.366


Torys 4 5.820 515 2 12 0.701 5.119

Dentons 5 5.782 512 3 4 8.239 -2.457





9 2.910 258 2 10 1.300 1.610


10 2.238 198 3 6 7.182 -4.944




McMillanLLP 14 1.201 106 2 18 0.066 1.135



GoodmansLLP 17 0.845 75 1 - - 0.845


BennettJonesLLP 19 0.498 44 2 13 0.496 0.002

Baker&McKenzie 20 0.449 40 3 14 0.325 0.124

TOTAL 100% 8,850 82 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount






4 19.19 4



Dentons 6 5.78 3





6 2.24 3





13 2.91 2




Torys 13 5.82 2



CanadaEquity,EquityLinked&Preferred:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)






5 10.016 1,218 4 5 6.560 3.456


Torys 7 5.309 645 5 2 15.947 -10.638

GoodmansLLP 8 5.300 644 4 9 2.651 2.649



Ropes&Gray 11 1.608 196 1 - - 1.608


DLAPiperLLP 13 1.189 145 2 17 0.569 0.620


CooleyLLP 15 0.965 117 2 - - 0.965




Dentons 19 0.464 56 2 10 2.136 -1.672

McMillanLLP 20 0.447 54 2 - - 0.447

TOTAL 100% 12,155 86 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount





Torys 4 5.31 5






6 10.02 4








CooleyLLP 18 0.96 2

Dentons 18 0.46 2




CanadaEquity,EquityLinked&Preferred:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)



2 18.909 1,698 4 2 12.428 6.481


Torys 4 5.735 515 2 12 0.679 5.056

Dentons 5 5.698 512 3 5 7.986 -2.288





9 2.868 258 2 10 1.260 1.608


10 2.205 198 3 7 6.962 -4.757




McMillanLLP 14 1.184 106 2 18 0.064 1.120



GoodmansLLP 17 0.832 75 1 - - 0.832

MillerThomsonLLP 18 0.794 71 4 24 0.002 0.792

DuaneMorrisLLP 19 0.726 65 1 - - 0.726


TOTAL 100% 8,980 83 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount







4 18.91 4



Dentons 7 5.70 3




7 2.21 3





13 2.87 2




Torys 13 5.74 2



CanadianCorporateBonds:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


BlakeCassels&GraydonLLP 1 16.990 1,750 7 - - 16.990

McCarthyTetrault 3 14.563 1,500 1 5 9.091 5.472


McGuireWoodsLLP 5 9.709 1,000 1 - - 9.709

Sullivan&Cromwell 6 7.282 750 2 - - 7.282

Torys 7 4.854 500 2 6 4.481 0.373

GoodmansLLP 8 2.913 300 1 - - 2.913

LawsonLundell 9 2.427 250 1 - - 2.427


10 2.330 240 1 8 3.841 -1.511

CarterLedyard&MilburnLLP 11 1.456 150 1 - - 1.456

Sherman&HowardLLC 11 1.456 150 1 - - 1.456


Dentons 11 1.456 150 1 11 1.921 -0.465

BurnetDuckworth&Palmer 11 1.456 150 1 - - 1.456

King&WoodMallesons 16 1.165 120 1 11 1.921 -0.756

Baker&McKenzie 16 1.165 120 1 - - 1.165

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 10,300 22 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount





Torys 3 4.85 2



CarterLedyard&MilburnLLP 6 1.46 1

Dentons 6 1.46 1


6 2.33 1



LawsonLundell 6 2.43 1




Sherman&HowardLLC 6 1.46 1



CanadianCorporateBonds:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(CAD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

NortonRoseFulbrightLLP 1 22.508 1,750 2 - - 22.508


McCarthyTetrault 3 14.791 1,150 4 3 14.355 0.436

Morrison&FoersterLLP 4 12.862 1,000 1 - - 12.862

Shearman&SterlingLLP 5 9.646 750 2 - - 9.646

Allen&OveryLLP 6 7.717 600 1 4 8.759 -1.042

Dentons 7 3.859 300 1 - - 3.859


GoodmansLLP 9 1.929 150 1 5 4.866 -2.937


10 0.965 75 1 7 4.380 -3.415

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 7,775 14 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount







5 0.96 1

Dentons 5 3.86 1






EMEAEquityIPO:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

HerbertSmithFreehills 1 14.345 762 1 - - 14.345

J&AGarriguesSLp 2 7.503 399 1 - - 7.503


UriaMenendezLawFirm 4 7.155 380 1 - - 7.155

Allen&OveryLLP 4 7.155 380 1 4 7.427 -0.272

White&CaseLLP 6 6.098 324 1 5 6.959 -0.861


TraversSmith 8 3.448 183 1 - - 3.448

MPartnersInc 9 3.332 177 1 - - 3.332

StephensonHarwood 10 3.244 172 1 - - 3.244

Loyens&Loeff 11 3.181 169 2 - - 3.181

EvershedsSutherlandLtd 12 2.825 150 1 - - 2.825

BrownRudnickLLP 13 2.641 140 1 - - 2.641

AdvokatfirmanVingeKB 14 2.533 135 3 - - 2.533


ReedSmithLLP 16 2.108 112 1 - - 2.108

MacfarlanesLLP 16 2.108 112 1 - - 2.108

K&LGatesLLP 18 1.977 105 1 - - 1.977

WebberWentzel 19 1.967 104 1 - - 1.967

AdvokatfirmanCederquistKB

20 1.381 73 1 - - 1.381

TOTAL 100% 5,311 40 100%

RankedbyDealCount


AdvokatfirmanVingeKB 1 2.53 3

AbdullahAlsalehLawFirm 2 0.32 2

Loyens&Loeff 2 3.18 2


AdvokatfirmanCederquistKB 5 1.38 1


BrownRudnickLLP 5 2.64 1


EvershedsSutherlandLtd 5 2.82 1


J&AGarriguesSLp 5 7.50 1

K&LGatesLLP 5 1.98 1


MPartnersInc 5 3.33 1

MacfarlanesLLP 5 2.11 1



TraversSmith 5 3.45 1

WebberWentzel 5 1.97 1




EMEAEquityIPO:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

White&CaseLLP 1 26.541 1,318 5 4 8.969 17.572

LinklatersLLP 2 21.828 1,084 2 - - 21.828




TraversSmith 6 4.510 224 1 - - 4.510

Allen&OveryLLP 7 4.317 214 2 3 9.806 -5.489

OsborneClarkeEuropeOWA 8 4.317 214 2 - - 4.317

FreshfieldsBruckhausDeringer 9 2.824 140 1 - - 2.824


AdvokatfirmanHammarskiold&Co

11 1.477 73 1 8 3.942 -2.465

HoganLovellsUSLLP 12 0.802 40 1 - - 0.802

RoschierAsianajotoimistoOy 13 0.751 37 1 - - 0.751


Brandford-Griffith&Associes 14 0.511 25 1 - - 0.511

MarriottHarrison 16 0.035 2 1 - - 0.035

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 4,965 23 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount





OsborneClarkeEuropeOWA 2 4.32 2

AdvokatfirmanHammarskiold&Co

6 1.48 1

Brandford-Griffith&Associes 6 0.51 1






MarriottHarrison 6 0.04 1


RoschierAsianajotoimistoOy 6 0.75 1




AIMEquityOfferings:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(GBP

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

NCTMStudioLegaleAssociato

1 39.957 119 3 9 0.777 39.180

Balch&BinghamLLP 2 13.355 40 1 - - 13.355

TaylorWessing 3 9.262 28 1 - - 9.262

MemeryCrystal 4 6.736 20 1 - - 6.736

CollasCrill 4 6.736 20 1 - - 6.736

Eversheds 4 6.736 20 1 - - 6.736

GateleyLLP 7 5.251 16 1 - - 5.251

MarriottHarrison 8 5.052 15 1 - - 5.052

Shepherd&Wedderburn 9 2.085 6 1 - - 2.085

OsborneClarkeEuropeOWA 10 1.434 4 1 - - 1.434

Simmons&Simmons 11 0.841 2 1 - - 0.841

EllisShilengudwaInc 12 0.428 1 1 - - 0.428

Luckhoo&Luckhoo 12 0.428 1 1 - - 0.428

ChitizPathakLLP 12 0.428 1 1 - - 0.428

FladgateLLP 12 0.428 1 1 - - 0.428

StudioLegaleTurco&Associati

16 0.421 1 1 - - 0.421

MildwatersConsultingLLP 16 0.421 1 1 - - 0.421

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 296 14 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount

NCTMStudioLegaleAssociato

1 39.96 3

Balch&BinghamLLP 2 13.35 1

ChitizPathakLLP 2 0.43 1

CollasCrill 2 6.74 1

EllisShilengudwaInc 2 0.43 1

Eversheds 2 6.74 1

FladgateLLP 2 0.43 1

GateleyLLP 2 5.25 1

Luckhoo&Luckhoo 2 0.43 1

MarriottHarrison 2 5.05 1

MemeryCrystal 2 6.74 1

MildwatersConsultingLLP 2 0.42 1


Shepherd&Wedderburn 2 2.08 1

Simmons&Simmons 2 0.84 1

StudioLegaleTurco&Associati

2 0.42 1

TaylorWessing 2 9.26 1



AIMEquityOfferings:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(GBP

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

FieldFisherWaterhouse 1 33.393 86 3 - - 33.393

TraversSmith 2 17.367 45 1 3 7.434 9.933


Rosenblatt 4 10.698 28 1 - - 10.698

MemeryCrystal 5 7.780 20 1 - - 7.780

AddleshawGoddard 6 6.064 16 1 2 26.227 -20.163

HolmanFenwickWillanLLP 7 5.835 15 1 - - 5.835

FieldFisher&Stibbe 8 1.978 5 1 - - 1.978

StudioLegalePedersolieAssociati

9 1.324 3 1 - - 1.324

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 257 11 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount

FieldFisherWaterhouse 1 33.39 3

AddleshawGoddard 2 6.06 1

FieldFisher&Stibbe 2 1.98 1


HolmanFenwickWillanLLP 2 5.84 1

MemeryCrystal 2 7.78 1

Rosenblatt 2 10.70 1

StudioLegalePedersolieAssociati

2 1.32 1




EuropeanBonds:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


CliffordChanceLLP 2 13.631 26,942 45 2 15.481 -1.850

Allen&OveryLLP 3 13.434 26,553 55 3 10.947 2.487

LinklatersLLP 4 11.417 22,566 25 4 7.906 3.511

ClearyGottliebSteen&Hamilton

5 5.139 10,157 17 6 4.068 1.071


6 4.908 9,700 18 8 2.983 1.925

White&CaseLLP 7 3.828 7,566 27 5 6.274 -2.446


NautaDutilh 9 3.233 6,391 19 12 1.774 1.459

OrrickHerrington&SutcliffeLLP

10 1.796 3,550 6 - - 1.796

Cuatrecasas 11 1.518 3,000 1 18 0.663 0.855

MayerBrownLLP 12 1.437 2,840 3 - - 1.437

CMS 13 1.397 2,762 9 14 1.155 0.242


SlaughterandMay 15 1.143 2,260 7 15 0.994 0.149

HomburgerAG 16 0.966 1,910 2 13 1.499 -0.533

AdvokatfirmaetSelmerDA 17 0.962 1,902 2 20 0.616 0.346

Maples&Calder 18 0.948 1,874 2 49 0.148 0.800

UriaMenendezLawFirm 19 0.894 1,767 4 - - 0.894

HoganLovellsUSLLP 20 0.885 1,749 4 9 2.893 -2.008

TOTAL 100% 197,652 315 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount





NautaDutilh 5 3.23 19




MannheimerSwartling 7 0.86 17


WikborgRein&Co 11 0.58 14

AdvokatfirmaetBugge,Artenz-Hansen&Rasmus

12 0.73 10

CMS 13 1.40 9



SlaughterandMay 14 1.14 7

OrrickHerrington&SutcliffeLLP 17 1.80 6

AshurstLLP 18 0.12 5

A&LGoodbody 19 0.66 4




EuropeanBonds:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 23.776 58,767 123 1 35.981 -12.205


LinklatersLLP 3 14.116 34,891 48 3 13.786 0.330


White&CaseLLP 5 6.023 14,888 37 4 5.977 0.046

HengelerMueller 6 4.502 11,126 34 5 4.608 -0.106




9 1.912 4,727 2 - - 1.912

CravathSwaine&Moore 10 1.654 4,088 4 13 0.559 1.095


CahillGordon&Reindel 12 1.587 3,923 5 - - 1.587


DLAPiperLLP 14 1.340 3,313 2 11 0.846 0.494



AshurstLLP 17 0.642 1,587 10 15 0.382 0.260

MayerBrownLLP 18 0.632 1,561 9 16 0.373 0.259

Abreu&Marques 19 0.607 1,500 1 9 1.145 -0.538


TOTAL 100% 247,165 412 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount











10 2.61 8


11 0.59 7












EMEACorporateHighYieldBonds(incEM):LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Ropes&Gray 1 15.260 2,472 3 - - 15.260



White&CaseLLP 4 5.864 950 3 2 16.300 -10.436


Kirkland&Ellis 6 4.876 790 3 10 2.176 2.700


Baker&McKenzie 8 3.966 642 3 - - 3.966




OrrickHerrington&SutcliffeLLP 12 2.932 475 1 - - 2.932

WilliamFry 13 2.315 375 1 - - 2.315

Loyens&Loeff 14 1.989 322 2 - - 1.989

HarneysAristodemouLoisidesYiolitisLLC

15 1.952 316 2 - - 1.952


Baer&KarrerAG 17 1.620 263 1 - - 1.620


MourantOzzannes 19 1.526 247 1 - - 1.526

CareyOlsen 20 1.234 200 1 4 10.929 -9.695

TOTAL 100% 16,201 37 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount










HarneysAristodemouLoisidesYiolitisLLC

8 1.95 2



Baer&KarrerAG 13 1.62 1

BonelliEredePappalardo 13 1.23 1


MourantOzzannes 13 1.53 1







EMEACorporateHighYieldBonds(incEM):LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)



Allen&OveryLLP 3 12.763 2,372 5 2 26.212 -13.449


LinklatersLLP 5 6.231 1,158 5 - - 6.231




Baker&McKenzie 9 2.994 557 2 - - 2.994



NautaDutilh 12 2.406 447 3 - - 2.406


KZHHoldingCorp 14 1.996 371 1 - - 1.996


RitchMuellerSC 16 1.345 250 1 - - 1.345


17 1.076 200 1 - - 1.076

Kirkland&Ellis 17 1.076 200 1 3 12.921 -11.845

Ogier 17 1.076 200 1 - - 1.076

Walkers 17 1.076 200 1 - - 1.076

TOTAL 100% 18,586 41 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount













KZHHoldingCorp 12 2.00 1




12 1.08 1

Ogier 12 1.08 1

RitchMuellerSC 12 1.35 1


Walkers 12 1.08 1



EMEACorporateInvestmentGradeBonds(incEM):LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


1 15.556 6,500 7 - - 15.556



Allen&OveryLLP 4 9.898 4,136 10 3 11.650 -1.752

LinklatersLLP 5 7.200 3,008 5 1 17.237 -10.037

OrrickHerrington&SutcliffeLLP 6 7.060 2,950 5 - - 7.060


A&LGoodbody 8 3.111 1,300 4 - - 3.111

NautaDutilh 9 3.011 1,258 2 22 0.699 2.312

Morrison&FoersterLLP 10 2.707 1,131 2 - - 2.707


WachtellLiptonRosen&Katz 12 2.393 1,000 1 8 3.871 -1.478


White&CaseLLP 14 1.847 772 2 - - 1.847

DeGaulleFleurance&Associes 15 1.436 600 1 - - 1.436

CMS 15 1.436 600 1 - - 1.436

O'Melveny&MyersLLP 17 1.197 500 1 - - 1.197


17 1.197 500 1 - - 1.197

MannheimerSwartling 19 0.838 350 1 43 0.095 0.743


TOTAL 100% 41,785 69 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount




3 15.56 7




A&LGoodbody 7 3.11 4


AshurstLLP 9 0.07 2

BowmanGilfillan 9 0.11 2






DeGaulleFleurance&Associes 16 1.44 1

MannheimerSwartling 16 0.84 1




16 1.20 1



EMEACorporateInvestmentGradeBonds(incEM):LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 23.430 12,175 24 1 41.949 -18.519

LinklatersLLP 2 17.496 9,091 14 5 5.491 12.005



White&CaseLLP 5 5.374 2,792 7 4 5.580 -0.206

HengelerMueller 6 5.105 2,653 5 - - 5.105

Alston&BirdLLP 7 4.811 2,500 3 - - 4.811


RitchMuellerSC 8 4.089 2,125 3 8 1.563 2.526



O'Melveny&MyersLLP 12 1.349 701 2 - - 1.349

CMS 13 1.155 600 1 - - 1.155

NautaDutilh 14 0.962 500 1 - - 0.962

AdnanSundra&Low 15 0.899 467 1 - - 0.899

StudioFogliaCisternino&Partners

16 0.674 350 2 - - 0.674

LinklatersCIS 17 0.456 237 1 - - 0.456


BowmanGilfillan 19 0.091 48 2 14 0.124 -0.033

AshurstLLP 20 0.054 28 2 - - 0.054

TOTAL 100% 51,962 85 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount








Alston&BirdLLP 8 4.81 3

RitchMuellerSC 8 4.09 3



BowmanGilfillan 11 0.09 2


StudioFogliaCisternino&Partners

11 0.67 2

AdnanSundra&Low 15 0.90 1

CMS 15 1.15 1


LinklatersCIS 15 0.46 1





WesternEuropeanCorporateHighYieldBonds:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Ropes&Gray 1 20.832 2,472 3 - - 20.832


White&CaseLLP 3 8.005 950 3 6 5.213 2.792

Kirkland&Ellis 4 6.657 790 3 8 2.780 3.877

Baker&McKenzie 5 5.414 642 3 - - 5.414




8 4.002 475 1 - - 4.002


9 3.857 458 1 5 7.820 -3.963


WilliamFry 11 3.160 375 1 - - 3.160


Loyens&Loeff 13 2.715 322 2 - - 2.715


14 2.528 300 1 - - 2.528

Baer&KarrerAG 15 2.212 263 1 - - 2.212


CareyOlsen 17 1.685 200 1 3 13.965 -12.280

BonelliEredePappalardo 17 1.685 200 1 - - 1.685

LinklatersLLP 19 1.475 175 1 1 27.931 -26.456

SimpsonThacher&Bartlett 20 1.369 163 1 2 16.398 -15.029

TOTAL 100% 11,868 28 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount











Baer&KarrerAG 11 2.21 1

BonelliEredePappalardo 11 1.69 1

CareyOlsen 11 1.69 1


11 2.53 1


11 3.86 1



11 4.00 1






WesternEuropeanCorporateHighYieldBonds:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)



Allen&OveryLLP 3 9.905 1,443 4 2 28.023 -18.118



LinklatersLLP 6 6.009 875 4 - - 6.009



NautaDutilh 9 3.071 447 3 - - 3.071




Ogier 13 1.373 200 1 - - 1.373


13 1.373 200 1 - - 1.373

Kirkland&Ellis 13 1.373 200 1 3 13.814 -12.441

Walkers 13 1.373 200 1 - - 1.373

PestalozziAttorneysatLawLtd 17 1.202 175 1 - - 1.202

CravathSwaine&Moore 17 1.202 175 1 4 8.917 -7.715


- - - - - - - -

TOTAL 100% 14,562 32 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount















9 1.37 1


Ogier 9 1.37 1

PestalozziAttorneysatLawLtd 9 1.20 1


Walkers 9 1.37 1



Sukuk&IslamicFinancing:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 44.081 2,000 2 2 20.627 23.454

White&CaseLLP 2 33.061 1,500 2 4 10.313 22.748

Albar&Partners 3 12.219 554 5 10 0.850 11.369

Dentons 4 5.510 250 2 - - 5.510

Maples&Calder 5 2.755 125 1 - - 2.755

ZulRafique&Partners 6 1.486 67 1 9 1.523 -0.037

Thamrin&Rachman 7 0.638 29 3 - - 0.638

RajaEleenaSiewAng&Associates

8 0.249 11 1 - - 0.249

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 4,537 16 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount

Albar&Partners 1 12.22 5

Thamrin&Rachman 2 0.64 3


Dentons 3 5.51 2



RajaEleenaSiewAng&Associates

6 0.25 1

ZulRafique&Partners 6 1.49 1



Sukuk&IslamicFinancing:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

LinklatersLLP 1 26.896 1,083 2 5 7.435 19.461

Allen&OveryLLP 2 24.827 1,000 1 2 24.424 0.403


ZulRafique&Partners 4 12.205 492 3 10 0.536 11.669

ZaidIbrahim&Co 5 9.812 395 6 4 10.545 -0.733

HishamSobri&Kadir 6 3.356 135 2 - - 3.356

King&Spalding 7 3.103 125 1 - - 3.103

MeysanPartnersAttorneysandLegalConsult

8 2.069 83 1 - - 2.069

Kamco 8 2.069 83 1 - - 2.069

Albar&Partners 10 1.674 67 1 9 1.090 0.584

AdnanSundra&Low 11 0.990 40 4 3 15.392 -14.402

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 4,027 21 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount

ZaidIbrahim&Co 1 9.81 6

AdnanSundra&Low 2 0.99 4

ZulRafique&Partners 3 12.20 3


HishamSobri&Kadir 4 3.36 2


Albar&Partners 7 1.67 1


Kamco 7 2.07 1

King&Spalding 7 3.10 1


7 2.07 1



GCCSukuk:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

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

White&CaseLLP 1 52.174 1,500 2 1 39.475 12.699

Allen&OveryLLP 2 34.783 1,000 1 1 39.475 -4.692

Dentons 3 8.696 250 2 - - 8.696

Maples&Calder 4 4.348 125 1 - - 4.348

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 2,875 5 100%

RankedbyDealCount


Dentons 1 8.70 2






GCCSukuk:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 53.333 1,000 1 - - 53.333


King&Spalding 3 6.667 125 1 - - 6.667


4 4.444 83 1 - - 4.444

Kamco 4 4.444 83 1 - - 4.444

LinklatersLLP 4 4.444 83 1 - - 4.444

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 1,875 4 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount



Kamco 1 4.44 1

King&Spalding 1 6.67 1



1 4.44 1



EMEALoans:LegalAdviser-LenderRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 45.349 44,919 18 2 22.450 22.899


LinklatersLLP 3 4.455 4,413 7 3 18.805 -14.350




6 3.092 3,063 1 - - 3.092


Dentons 8 2.073 2,053 4 7 2.415 -0.342


WatsonFarley&Williams 10 1.569 1,554 2 19 0.295 1.274

White&CaseLLP 11 1.161 1,150 1 4 5.066 -3.905

Baker&McKenzie 12 0.946 937 1 8 1.803 -0.857


AshurstLLP 14 0.670 664 3 16 0.582 0.088

JonesDay 15 0.475 470 2 26 0.198 0.277


HoganLovellsUSLLP 17 0.324 321 1 11 1.503 -1.179

HerbertSmithFreehills 18 0.228 225 1 6 4.121 -3.893

DLAPiperLLP 19 0.150 148 3 28 0.115 0.035

AlTamimi&Co 20 0.107 106 1 29 0.105 0.002

TOTAL 100% 99,051 83 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount







Dentons 7 2.07 4

AshurstLLP 8 0.67 3


JonesDay 10 0.47 2

WatsonFarley&Williams 10 1.57 2

AlTamimi&Co 12 0.11 1





12 3.09 1


SchulteRoth&ZabelLLP 12 0.40 1





EMEALoans:LegalAdviser-BorrowerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(EUR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Sullivan&Cromwell 1 17.399 6,250 1 - - 17.399

Allen&OveryLLP 2 11.386 4,090 7 2 19.501 -8.115


SlaughterandMay 4 7.494 2,692 2 1 22.960 -15.466

Kirkland&Ellis 5 6.195 2,225 5 - - 6.195

ProskauerRoseLLP 6 4.263 1,531 1 - - 4.263

OsborneClarkeEuropeOWA 6 4.263 1,531 1 - - 4.263

DarroisVilleyMaillotBrochier 8 3.268 1,174 1 - - 3.268


AshurstLLP 10 2.794 1,004 2 8 1.710 1.084

White&CaseLLP 11 2.689 966 3 16 0.962 1.727

SimpsonThacher&Bartlett 12 2.483 892 2 43 0.028 2.455


13 2.450 880 1 10 1.525 0.925


HengelerMueller 15 2.366 850 1 11 1.293 1.073

Dentons 16 2.072 744 1 - - 2.072

HerbertSmithFreehills 17 1.460 525 1 39 0.079 1.381

Simmons&Simmons 18 1.297 466 1 - - 1.297

BondDickinsonLLP 19 1.291 464 1 - - 1.291

Dechert 19 1.291 464 1 - - 1.291

TOTAL 100% 35,921 56 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount






AshurstLLP 6 2.79 2


SlaughterandMay 6 7.49 2

BondDickinsonLLP 9 1.29 1


9 2.45 1

DarroisVilleyMaillotBrochier 9 3.27 1

Dechert 9 1.29 1

Dentons 9 2.07 1





Simmons&Simmons 9 1.30 1





Asiaex-JapanEquityIPO:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

GrandallLawFirm 1 10.272 1,288 18 7 3.927 6.345


BeijingDehengLaw 3 6.501 815 13 26 0.827 5.674

BeijingGrandwayLawOffices 4 5.908 741 12 8 3.649 2.259

ShuJinLawFirm 5 5.483 687 7 61 0.055 5.428

AllbrightLawOffice 6 4.556 571 11 48 0.169 4.387

HunanQiyuanLawFirm 7 3.372 423 6 33 0.650 2.722

ZhongLunLawFirm 8 3.311 415 8 9 3.386 -0.075

JunHeLawOffices 9 2.954 370 4 10 2.813 0.141

CliffordChanceLLP 10 2.329 292 1 - - 2.329

KadirAndriAidham&Partners 10 2.329 292 1 - - 2.329

CyrilAmarchandMangaldas 12 2.269 284 1 11 2.394 -0.125

BeijingKangDaLawFirm 13 2.220 278 3 38 0.429 1.791

BeijingDachengLawOffices 14 2.121 266 2 - - 2.121

BeijingMaodeAttorneysatLaw

15 1.917 240 1 - - 1.917

Latham&WatkinsLLP 16 1.810 227 2 57 0.072 1.738

BeijingJunZeJunLawOffices 17 1.695 213 2 - - 1.695

Albar&Partners 18 1.626 204 2 - - 1.626

TianYuanLawFirm 19 1.608 202 4 3 8.919 -7.311

AZB&Partners 20 1.463 183 1 37 0.453 1.010

TOTAL 100% 12,535 191 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount




BeijingGrandwayLawOffices 4 5.91 12


Appleby 6 0.66 10





MVKini&Co 10 0.10 6

Kanga&Co 12 0.10 5





BeijingKangDaLawFirm 17 2.22 3

CFNLawyersinAssociationwithBroad&Brig

17 0.16 3

Commerce&FinanceLawOffices 17 0.80 3




Asiaex-JapanEquityIPO:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


CliffordChanceLLP 2 11.717 342 3 5 11.383 0.334

Cheang&Ariff 3 9.992 292 1 - - 9.992


JilinGongchengLawFirm 5 7.638 223 1 - - 7.638

Jingtian&Gongcheng 6 7.104 208 6 8 1.918 5.186

ZaidIbrahim&Co 7 6.974 204 2 22 0.468 6.506

Luthra&LuthraLawOffices 8 6.117 179 2 20 0.691 5.426

SidleyAustinLLP 9 4.196 123 2 6 3.440 0.756

Commerce&FinanceLawOffices 10 3.980 116 2 7 3.032 0.948

NishithDesaiAssociates 11 3.139 92 1 - - 3.139

AddleshawGoddard 12 3.130 91 2 29 0.256 2.874

Haiwen&Partners 13 2.014 59 1 - - 2.014


13 2.014 59 1 23 0.447 1.567

NortonRoseFulbrightLLP 15 1.941 57 3 27 0.329 1.612

Loeb&LoebLLP 16 1.640 48 5 - - 1.640

HowseWilliamsBowers 17 1.350 39 2 - - 1.350

Morrison&FoersterLLP 18 1.089 32 1 - - 1.089

GlobalLawOffice 18 1.089 32 1 10 1.728 -0.639

StevensonWong&Co 20 0.741 22 1 - - 0.741

TOTAL 100% 2,921 39 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount





AddleshawGoddard 5 3.13 2

Commerce&FinanceLawOffices

5 3.98 2


HowseWilliamsBowers 5 1.35 2

Luthra&LuthraLawOffices 5 6.12 2





GlobalLawOffice 14 1.09 1

Haiwen&Partners 14 2.01 1

JilinGongchengLawFirm 14 7.64 1


NishithDesaiAssociates 14 3.14 1


14 2.01 1

StevensonWong&Co 14 0.74 1



Asiaex-JapanIssuerG3CurrencyBonds:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

LinklatersLLP 1 31.605 13,826 25 1 26.615 4.990


2 5.715 2,500 9 10 3.626 2.089


Maples&Calder 4 3.867 1,692 8 17 1.727 2.140

Allen&OveryLLP 5 3.829 1,675 6 3 5.698 -1.869

Walkers 6 3.591 1,571 8 - - 3.591


Ogier 8 3.124 1,367 8 - - 3.124



Shin&Kim 11 2.400 1,050 4 6 5.180 -2.780

Haiwen&Partners 12 2.286 1,000 4 - - 2.286

SidleyAustinLLP 13 2.191 958 5 21 0.518 1.673

JSagarAssociates 14 2.172 950 4 13 2.590 -0.418


Allen&Gledhill 16 1.801 788 3 9 4.545 -2.744


17 1.772 775 4 21 0.518 1.254

Lee&Ko 18 1.714 750 3 21 0.518 1.196

JunHeLawOffices 19 1.638 717 2 - - 1.638

ZhongLunLawFirm 20 1.429 625 2 - - 1.429

TOTAL 100% 43,746 78 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount



2 5.71 9



Ogier 3 3.12 8

Walkers 3 3.59 8






11 1.77 4


Haiwen&Partners 11 2.29 4

JSagarAssociates 11 2.17 4


Shin&Kim 11 2.40 4

Allen&Gledhill 17 1.80 3

GrahamThompson&Co 17 0.80 3

Lee&Ko 17 1.71 3




Asiaex-JapanIssuerG3CurrencyBonds:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)


LinklatersLLP 2 17.402 8,085 21 4 11.134 6.268

Allen&OveryLLP 3 12.381 5,752 14 2 18.432 -6.051



JunHeLawOffices 6 4.358 2,025 9 10 0.961 3.397

ClearyGottliebSteen&Hamilton 7 2.798 1,300 2 5 5.961 -3.163

Commerce&FinanceLawOffices 8 2.529 1,175 3 - - 2.529


RomuloMabantaBuenaventuraSayoc&deLA

9 2.152 1,000 1 8 3.846 -1.694


Jingtian&Gongcheng 12 1.399 650 3 6 4.615 -3.216

JiaYuanLawFirm 13 1.184 550 2 - - 1.184

Lee&Ko 14 1.076 500 1 - - 1.076

AdnanSundra&Low 14 1.076 500 1 13 0.641 0.435

GrandallLawFirm 16 0.753 350 1 10 0.961 -0.208

SkaddenArpsSlateMeagher&Flom 16 0.753 350 1 - - 0.753



TianYuanLawFirm 19 0.538 250 1 - - 0.538

TOTAL 100% 46,461 86 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount







Commerce&FinanceLawOffices 7 2.53 3










Lee&Ko 16 1.08 1

RomuloMabantaBuenaventuraSayoc&deLA

16 2.15 1


16 0.75 1




SingaporeDollarBonds:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

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

Allen&Gledhill 1 53.457 1,663 6 1 64.334 -10.877

LinklatersLLP 2 24.116 750 1 2 13.563 10.553

PaulHastingsLLP 3 10.048 313 1 8 1.440 8.608

Rajah&Tann 4 9.164 285 1 - - 9.164

Allen&OveryLLP 5 3.215 100 1 6 1.569 1.646

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 3,110 9 100%

RankedbyDealCount






Rajah&Tann 2 9.16 1



SingaporeDollarBonds:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

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

Allen&OveryLLP 1 39.506 975 3 2 23.328 16.178

LinklatersLLP 2 36.386 898 2 4 10.604 25.782

Allen&Gledhill 3 11.548 285 1 3 18.784 -7.236

ShookLin&Bok 4 6.483 160 1 - - 6.483

WongPartnershipLLP 5 4.052 100 1 6 6.059 -2.007


ZaidIbrahim&Co 7 0.675 17 1 7 3.495 -2.820

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 2,468 9 100%

RankedbyDealCount






ShookLin&Bok 3 6.48 1

WongPartnershipLLP 3 4.05 1




ChinaEquityIPO:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(CNY

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

King&WoodMallesons 1 12.289 7,239 7 1 14.739 -2.450

BeijingDehengLaw 2 9.537 5,618 13 11 2.883 6.654

BeijingGrandwayLawOffices 3 8.655 5,099 12 3 12.658 -4.003

GrandallLawFirm 4 8.151 4,802 17 2 13.493 -5.342

ShuJinLawFirm 5 7.995 4,710 6 - - 7.995

AllbrightLawOffice 6 6.593 3,884 10 - - 6.593

HunanQiyuanLawFirm 7 4.934 2,906 6 14 2.275 2.659

ZhongLunLawFirm 8 4.857 2,861 8 4 10.522 -5.665

JunHeLawOffices 9 4.332 2,552 4 5 9.820 -5.488

BeijingKangDaLawFirm 10 3.254 1,917 3 15 1.490 1.764

BeijingDachengLawOffices 11 3.102 1,827 2 - - 3.102

BeijingMaodeAttorneysatLaw

12 2.810 1,655 1 - - 2.810

BeijingJunZeJunLawOffices 13 2.481 1,461 2 - - 2.481

BeijingHaijiaLawFirm 14 2.109 1,242 1 - - 2.109

LlinksLawOffice 15 1.904 1,122 2 9 5.121 -3.217

AlphaLawFirm 16 1.846 1,087 2 - - 1.846

FujianZenithLawFirm 17 1.624 957 2 - - 1.624

FangdaPartners 18 1.614 951 2 - - 1.614

JiaYuanLawFirm 19 1.583 933 3 - - 1.583

TianYuanLawFirm 20 1.469 865 3 7 5.989 -4.520

TOTAL 100% 58,906 123 100%

RankedbyDealCount

Firm RankMkt

Share(%) DealCount



BeijingGrandwayLawOffices

3 8.66 12







BeijingKangDaLawFirm 10 3.25 3



AlphaLawFirm 13 1.85 2

BeijingDachengLawOffices 13 3.10 2

BeijingJunZeJunLawOffices 13 2.48 2


FujianZenithLawFirm 13 1.62 2

GFLawFirmShanghai 13 1.18 2

LlinksLawOffice 13 1.90 2

T&CLawFirm 13 1.31 2



IndiaEquityIPO:LegalAdviser-IssuerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(INR

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

CyrilAmarchandMangaldas 1 45.347 18,700 1 1 43.850 1.497

AZB&Partners 2 30.153 12,434 1 4 8.447 21.706

Khaitan&Co 3 11.847 4,885 1 2 17.994 -6.147

ShardulAmarchandMangaldas&Co

4 5.794 2,390 1 3 16.357 -10.563

Kanga&Co 5 1.989 820 5 6 3.429 -1.440

MVKini&Co 6 1.968 811 6 - - 1.968

ShahAdvocates 7 1.222 504 3 - - 1.222

MishraAndMishraAdvocates 8 0.502 207 2 11 0.075 0.427

VedantaLawChambers 9 0.478 197 1 - - 0.478

M/SKanga&Co 10 0.268 110 2 - - 0.268

Desai&Diwanji 11 0.233 96 1 - - 0.233

SNCorporateAdvisory 12 0.101 41 1 - - 0.101

JPSLegal 13 0.099 41 1 - - 0.099

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 41,238 26 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount

MVKini&Co 1 1.97 6

Kanga&Co 2 1.99 5

ShahAdvocates 3 1.22 3

M/SKanga&Co 4 0.27 2

MishraAndMishraAdvocates 4 0.50 2

AZB&Partners 6 30.15 1

CyrilAmarchandMangaldas 6 45.35 1

Desai&Diwanji 6 0.23 1

JPSLegal 6 0.10 1

Khaitan&Co 6 11.85 1

SNCorporateAdvisory 6 0.10 1


6 5.79 1

VedantaLawChambers 6 0.48 1



IndiaEquityIPO:LegalAdviser-ManagerRankedbyVolume

Q12017 Q12016

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

Luthra&LuthraLawOffices 1 35.018 11,740 2 5 11.427 23.591

HerbertSmithFreehills 2 27.891 9,350 1 - - 27.891


NishithDesaiAssociates 3 18.545 6,217 1 - - 18.545

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 33,523 3 100%

RankedbyDealCount





NishithDesaiAssociates 2 18.55 1



APACex-JapanLoans:LegalAdviser-BorrowerRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

Allen&OveryLLP 1 15.059 1,678 1 - - 15.059

AshurstLLP 2 11.860 1,321 1 5 6.752 5.108


MinterEllison 4 7.225 805 2 14 1.979 5.246

ChapmanTripp 5 6.296 701 1 9 3.256 3.040

Lee&Ko 6 5.967 665 3 43 0.118 5.849


7 5.188 578 1 - - 5.188

King&WoodMallesons 8 3.867 431 2 1 14.651 -10.784

Rajah&Tann 9 3.754 418 1 33 0.344 3.410

Allens 10 3.747 417 3 13 2.039 1.708

Gilbert+Tobin 11 3.456 385 1 21 0.876 2.580


HaeWooLawFirm 13 3.092 344 1 - - 3.092


14 3.048 340 1 - - 3.048

WongPartnershipLLP 15 2.662 297 1 - - 2.662

Kim&Chang 16 2.184 243 1 23 0.765 1.419

AssegafHamzah&Partners 17 1.571 175 1 42 0.129 1.442


ReedSmithLLP 19 1.387 155 1 - - 1.387

CHPartners 20 0.796 89 1 16 1.356 -0.560

TOTAL 100% 11,140 33 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount

Allens 1 3.75 3

Lee&Ko 1 5.97 3


MinterEllison 3 7.23 2




AssegafHamzah&Partners 6 1.57 1

CHPartners 6 0.80 1


Gilbert+Tobin 6 3.46 1

HaeWooLawFirm 6 3.09 1


Kim&Chang 6 2.18 1



6 3.05 1

Rajah&Tann 6 3.75 1



6 5.19 1




APACex-JapanLoans:LegalAdviser-LenderRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

LinklatersLLP 1 15.123 4,342 4 1 16.491 -1.368

Lee&Ko 2 14.235 4,087 17 7 5.222 9.013

CyrilAmarchandMangaldas 3 7.065 2,028 6 9 3.688 3.377


King&WoodMallesons 5 5.623 1,614 2 4 7.773 -2.150


BuddleFindlay 7 3.909 1,122 2 17 1.045 2.864

Allens 8 3.647 1,047 4 3 7.939 -4.292

Allen&OveryLLP 9 3.287 944 4 6 6.742 -3.455

Baker&McKenzie 10 3.105 891 4 8 4.080 -0.975


WongPartnershipLLP 12 2.800 804 2 14 1.373 1.427

AshurstLLP 13 2.330 669 2 20 0.833 1.497


14 2.123 609 2 - - 2.123


Rajah&Tann 16 2.066 593 2 35 0.368 1.698


SJLaw 18 1.430 411 1 - - 1.430

Allen&Gledhill 19 1.381 397 2 36 0.361 1.020

ChungFALawOffice 20 1.368 393 1 50 0.109 1.259

TOTAL 100% 28,708 96 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount

Lee&Ko 1 14.24 17

CyrilAmarchandMangaldas 2 7.06 6


Allens 3 3.65 4


LinkLegal 3 0.40 4







BaeKim&Lee 11 0.91 2

JSagarAssociates 11 0.74 2




Rajah&Tann 11 2.07 2


11 2.12 2




SingaporeanBorrowerLoans:LegalAdviser-LenderRankedbyVolume

Q12017 Q12016

Firm RankMkt

Share(%)Volume(USD

Mln)DealCount

PrevRank

PrevMktShare(%)

MktShareChg(%)

WongPartnershipLLP 1 38.323 804 2 1 33.835 4.488

Rajah&Tann 2 19.937 418 1 5 9.069 10.868

Allen&Gledhill 3 18.908 397 2 6 8.906 10.002


4 9.535 200 1 - - 9.535

LinklatersLLP 5 6.007 126 1 - - 6.007

Lee&Ko 6 3.952 83 1 - - 3.952

AshurstLLP 7 3.337 70 1 - - 3.337

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 2,097 9 100%

RankedbyDealCount

Firm RankMkt

Share(%)DealCount



AshurstLLP 3 3.34 1


3 9.54 1

Lee&Ko 3 3.95 1





SingaporeanBorrowerLoans:LegalAdviser-BorrowerRankedbyVolume

Q12017 Q12016


Rajah&Tann 1 53.288 418 1 - - 53.288

WongPartnershipLLP 2 37.792 297 1 - - 37.792

GadensLawyers 3 8.920 70 1 - - 8.920

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 784 3 100%

RankedbyDealCount


GadensLawyers 1 8.92 1





KoreanBorrowerLoans:LegalAdviser-LenderRankedbyVolume

Q12017 Q12016


Lee&Ko 1 89.046 3,914 12 1 73.356 15.690

BaeKim&Lee 2 5.916 260 2 4 5.268 0.648

CHPartners 3 2.017 89 1 2 10.445 -8.428

Kim&Chang 4 1.584 70 1 3 8.500 -6.916

NexusLawGroup 5 0.993 44 1 - - 0.993

LeeKim&Partners 6 0.336 15 1 6 0.599 -0.263

MinjuLawGroup 7 0.108 5 1 - - 0.108

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 4,394 19 100%

RankedbyDealCount


Lee&Ko 1 89.05 12

BaeKim&Lee 2 5.92 2

CHPartners 3 2.02 1

Kim&Chang 3 1.58 1

LeeKim&Partners 3 0.34 1

MinjuLawGroup 3 0.11 1

NexusLawGroup 3 0.99 1



KoreanBorrowerLoans:LegalAdviser-BorrowerRankedbyVolume

Q12017 Q12016


Lee&Ko 1 47.338 665 3 4 2.298 45.040

HaeWooLawFirm 2 24.528 344 1 - - 24.528

Kim&Chang 3 17.324 243 1 3 14.912 2.412

CHPartners 4 6.314 89 1 2 26.427 -20.113

NexusLawGroup 5 3.107 44 1 - - 3.107

LeeKim&Partners 6 1.052 15 1 6 1.516 -0.464

MinjuLawGroup 7 0.338 5 1 - - 0.338

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

- - - - - - - -

TOTAL 100% 1,404 9 100%

RankedbyDealCount


Lee&Ko 1 47.34 3

CHPartners 2 6.31 1

HaeWooLawFirm 2 24.53 1

Kim&Chang 2 17.32 1

LeeKim&Partners 2 1.05 1

MinjuLawGroup 2 0.34 1

NexusLawGroup 2 3.11 1

Bloomberg – League Tables Criteria

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

General Guidelines

Credit is based on the total amount of the offering sold to the public. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers; unless full, explicit breakdown of bookrunning is provided by an involved party. Regional and local tables are identified based on factors such as currency, market of issuer and/or country of risk/incorporation.

Fixed Income

All transactions must have a maturity/call/put option of minimum 18 months. Make-whole call and provisional call/put are exempted from this rule. Note: Criteria may vary for some local and/or regional tables. USD denominated 144A/REG S issues are credited 100% to the 144A tranche and 0% to the REG S tranche. Non-USD denominated 144A/REG S issues are credited 100% to the REG S tranche and 0% to the 144A tranche. Self-led transactions are included. New money portions of exchange offers are eligible for credit.

Exclusions: Accredited investor tranches, asset-backed issues, auction note agencies, collateralized bond obligations, collateralized loan obligations, commercial paper, municipal bonds, mortgage-backed issues, remarketed issues, repackaged bonds, government borrowing scheme retained bonds, variable principal redemption issues, variable interest equity-linked issues, and credit linked notes, selling group agency issues, strips, units, warrants, self-led under USD 50 million. Note: Criteria may vary for some local and/or regional tables.

Equities-Linked

Equity-linked transactions: Convertible bonds, convertible preferred stock and exchangeable bonds. Only issues that mature and are callable/puttable in 12 months or longer are included. Make-whole call, provisional call and provisional put are exempted from this rule. Convertible bonds with attached warrants are included. These are defined as synthetic convertibles with the combination of a fixed income instrument and warrants which can be converted into shares. The embedded warrant can be detachable or non-detachable but the bond and the warrant must be sold as a unit, i.e. there cannot be separate book building for the warrant and the bond.

Exclusions: Redemption-linked instruments, reverse convertibles or similar instruments, synthetics convertibles, issues convertible into participation in an underlying fund or investment trust, pre-IPO convertible instruments, certain lower hierarchy titles, i.e. Jr Bookrunner.

Equities

Equity market transactions: Initial public offerings, additional offerings of common stocks, units, and depositary receipts (ADRs, GDRs, etc) and rights offerings.

Exclusions: Non-underwritten/best efforts, privately placed transactions, funds, self-led, preferred offerings, pre-negotiated offerings, certain lower hierarchy titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional tables.

Bloomberg – League Tables Criteria

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

Loans

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

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

US Municipals

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

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

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

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

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

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

LEAG<GO>.

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