Ranking tables
Capital Markets: Debt | Europe
UK
Rankings overview for Departments
Band 1
Band 3
Band 4
- Akin 3 Years Ranked
- Davis Polk & Wardwell LLP 12 Years Ranked
- Herbert Smith Freehills 9 Years Ranked
- Latham & Watkins 5 Years Ranked
- Morrison Foerster 3 Years Ranked
- Norton Rose Fulbright 4 Years Ranked
- Mayer Brown International LLP
- Simmons & Simmons LLP
Band 1
Band 2
- Amy Geddes Herbert Smith Freehills7 Years Ranked
- Ben Dulieu Linklaters10 Years Ranked
- Carson Welsh Linklaters13 Years Ranked
- Cecil D Quillen Linklaters16 Years Ranked
- Duncan Kellaway Freshfields5 Years Ranked
- Elaine Keats Linklaters9 Years Ranked
- Paul Deakins Clifford Chance LLP3 Years Ranked
- Peter Allen Freshfields18 Years Ranked
- Richard Levy Linklaters7 Years Ranked
- Theo Trayhurn A&O Shearman7 Years Ranked
- Tom Grant A&O Shearman3 Years Ranked
Band 3
- David Cohen Dentons11 Years Ranked
- David Gottlieb Cleary Gottlieb Steen & Hamilton LLP12 Years Ranked
- David Howe Sidley Austin LLP4 Years Ranked
- Ian Clark White & Case LLP11 Years Ranked
- Jamie Durham A&O Shearman6 Years Ranked
- Matt Fairclough Clifford Chance LLP1 Years Ranked
- Nick Hayday Dentons4 Years Ranked
- Richard Pogrel White & Case LLP3 Years Ranked
- Sebastian R Sperber Cleary Gottlieb Steen & Hamilton LLP13 Years Ranked
Band 4
- Daniel Fletcher A&O Shearman1 Years Ranked
- Elizabeth Collett Addleshaw Goddard LLP1 Years Ranked
- J David Stewart Latham & Watkins11 Years Ranked
- Matthew Tobin Slaughter and May2 Years Ranked
- Megan Schellinger Baker McKenzie3 Years Ranked
- Reuven Young Davis Polk & Wardwell LLP3 Years Ranked
- Sachin Davé A&O Shearman5 Years Ranked
- Scott Ashton Morrison Foerster3 Years Ranked
- Alex BilesAshurst
- Anna DelgadoAshurst
- James TaylorMayer Brown International LLP
- Piers SummerfieldSimmons & Simmons LLP
All Departments profiles
Band 1
1 A&O ShearmanCapital Markets: Debt2024 | Band 1 | 23 Years RankedShearman & Sterling regularly works on cross-border ECM and DCM matters including innovative debt financings and IPOs. The team benefits from an integrated bank and bond practice, as well as extensive experience advising on high-yield offerings. They are equally capable of representing issuers and underwriters on a variety of sophisticated transactions.1 Clifford Chance LLPCapital Markets: Debt2024 | Band 1 | 13 Years RankedClifford Chance has a strong reputation for sovereign DCM issuances and high-value IPOs. In particular, the team benefits from both US and European capabilities, as well as a far-reaching high-yield practice with support from specialists in Hong Kong and New York. The firm has expertise in US securities laws including Rule 144A offerings, which enables the smooth handling of complex cross-border transactions.1 LinklatersCapital Markets: Debt2024 | Band 1 | 13 Years RankedLinklaters houses a market-leading capital markets team that is recognised for its skilled handling of both debt and equity transactions as well as offering capabilities in high-yield matters. The team handles matters across the UK, Europe and the USA, demonstrating prowess in areas such as liability management, sovereign bonds and equity-linked products. The firm benefits from strong ties to its banking and finance team and has particular expertise in convertible bond issues and green bond DCM transactions.1 White & Case LLPCapital Markets: Debt2024 | Band 1 | 13 Years RankedWhite & Case provides skilled representation across DCM, ECM and high-yield capital markets transactions. Especially recognised for cross-border work, the firm maintains an extremely strong presence in European capital markets as well as the Middle East, Africa and other emerging markets. Areas of particular specialism include sovereign deals, debt restructurings and equity listings for EMEA issuers. The team is routinely sought out for advice on high-value regulatory capital matters and liability management work.
Band 2
2 Cleary Gottlieb Steen & Hamilton LLPCapital Markets: Debt2024 | Band 2 | 13 Years RankedCleary Gottlieb maintains strong firm-wide expertise in emerging markets, US and European debt and equity offerings, and in regulatory concerns. The team also advises sovereign states and their underwriters on high-profile capital markets transactions. In addition, it is further recognised for its presence on equity transactions in the Nordic market.2 FreshfieldsCapital Markets: Debt2024 | Band 2 | 13 Years RankedFreshfields tackles a diverse range of DCM and ECM transactions, from IPOs to sovereign bonds and MTN programmes. The team represents issuers, banks, regulators and exchanges and has significant experience in equity-linked deals, liability management and rights issues. In addition, it offers strong capabilities in the high-yield capital markets space.
Band 3
3 Baker McKenzieCapital Markets: Debt2024 | Band 3 | 5 Years RankedBaker McKenzie fields a team of UK and US-qualified specialists with well-established connections throughout Europe, the Middle East and Africa. The team focuses on sovereigns and emerging markets work across the capital markets. It is proficient in issuer-side advice for DCM transactions with further noteworthy expertise on both ECM and high-yield matters.3 DentonsCapital Markets: Debt2024 | Band 3 | 7 Years RankedDentons fields a team of well-regarded practitioners who are proficient in emerging markets transactions, with notable sub-specialisms in sukuk and Shari'a-compliant DCM deals. The firm has the ability, through its global network, to advise on matters pertaining to the Middle East, Africa and the CEE area. It also offers extensive expertise in US securities law, liability management and sovereign bond issues.3 Sidley Austin LLPCapital Markets: Debt2024 | Band 3 | 9 Years RankedSidley Austin handles DCM work for a client roster of issuers, financial institutions and investment banks. Tackling US, UK and European matters, the team demonstrates strength in a range of cross-border debt offerings and restructurings. In addition, they offer skills in Euromarket debt, regulatory capital and liability management and have significant experience in US securities law and high-yield debt offerings.3 Slaughter and MayCapital Markets: Debt2024 | Band 3 | 12 Years RankedSlaughter and May brings an issuer-side focus to both its DCM and ECM work. Specifically, the team comes highly recommended for its work with UK-based corporate groups on equity listings including high-value IPOs. In addition, the firm is recommended for its debt practice where it advises on standard issuances as well as more complex structures such as equity-linked products.3 Sullivan & Cromwell LLPCapital Markets: Debt2024 | Band 3 | 12 Years RankedSullivan & Cromwell provides strong domestic capabilities and international coverage for cross-border capital markets transactions. The team works with both issuers and underwriters, and offers expertise across a full range of DCM matters.
Band 4
4 AkinCapital Markets: Debt2024 | Band 4 | 3 Years RankedAkin Gump advised PGIM Private Capital as the sole provider of financing on a £350 million debut private placement issuance by Scottish Hydro Electric Transmission.4 Davis Polk & Wardwell LLPCapital Markets: Debt2024 | Band 4 | 12 Years RankedThe team at Davis Polk provides counsel to financial institutions on debt and equity offerings and brings its close relationship with the firm's corporate lawyers to bear on acquisition financings. With extensive experience handling capital markets transactions in both Europe and emerging markets, it has particular strength on deals in the Netherlands, Germany and the Nordics.4 Herbert Smith FreehillsCapital Markets: Debt2024 | Band 4 | 9 Years RankedHerbert Smith Freehills is frequently engaged by issuers and deal managers on debt and equity matters in the UK. The team has additional experience in international deals, including those in emerging markets. Specific expertise includes private placements, equity-linked transactions and EMTN programmes. Notably, the firm also has a significant track record in UK IPOs and equity deals undertaken within the context of refinancings or restructurings.4 Latham & WatkinsCapital Markets: Debt2024 | Band 4 | 5 Years RankedLatham & Watkins has a pre-eminent high-yield practice that regularly acts on market-leading transactions. The firm offers the largest team in Europe and is a first port of call for both sponsors and issuers. In addition, it has a standout equity offering that is able to draw upon international resources to advise on transactions throughout Europe, the USA and emerging markets.4 Morrison FoersterCapital Markets: Debt2024 | Band 4 | 3 Years RankedMorrison Foerster offers strong cross-border capability on high-value debt transactions, acting for financial institutions and issuers. The team is best known for its private placement work, with further areas of expertise including structured products, hybrid offerings and covered bonds. More broadly, it is able to draw on support from an international network of partners from offices in New York and Tokyo.4 Norton Rose FulbrightCapital Markets: Debt2024 | Band 4 | 4 Years RankedNorton Rose Fulbright maintains a strong presence in the world of sovereign bonds and debt offerings in the emerging markets. The firm also has expertise handling private placements for UK clients, and routinely works for both issuers and underwriters. The team is further recommended for specialist representation of Canadian clients.