Ranking tables
Capital Markets: Equity | Global
Australia
Rankings overview for Departments
Gilbert + Tobin 21 Years Ranked
Herbert Smith Freehills Kramer LLP 21 Years Ranked- King & Wood Mallesons
A&O Shearman 15 Years Ranked- Allens
- Clayton Utz
Ashurst 21 Years Ranked
Corrs Chambers Westgarth 17 Years Ranked
DLA Piper Australia 13 Years Ranked- Johnson Winter Slattery
- MinterEllison
Baker McKenzie 19 Years Ranked- Arnold Bloch Leibler
- Hamilton Locke
- McCullough Robertson
- Thomson Geer
- Thomson Geer
All Departments profiles
Band 1

1 Gilbert + TobinCapital Markets: Equity2026 | Band 1 | 21 Years RankedGilbert + Tobin maintains a leading practice in the ECM space, known especially for its strength in handling high value and complex IPOs, secondary offerings and block trades for issuers, investors and underwriters. The firm also has considerable expertise in securitisation matters, where it acts for financiers across a range of asset classes.

1 Herbert Smith Freehills Kramer LLPCapital Markets: Equity2026 | Band 1 | 21 Years RankedHerbert Smith Freehills Kramer is recognised for its highly respected team handling an array of DCM, ECM and securitisation work. The equity capital markets team maintains a strong reputation for acting for issuers on highly complex and innovative matters, including high profile IPOs, dual listings and hybrid issuances. The firm boasts significant experience in the Eurobond and US private placement spheres. Herbert Smith Freehills Kramer is also noted for its depth of experience interacting with key regulators in the market.
Band 2

2 A&O ShearmanCapital Markets: Equity2026 | Band 2 | 15 Years RankedA&O Shearman has a prominent team offering expertise across the full spectrum of DCM and ECM including high-value IPOs. The team has notable experience handling cross-border listings and funding for M&A transactions, particularly within the energy and resources sector. The firm is known for its strength in the securitisation arena and is experienced in working with an extensive range of asset classes including auto loans, residential mortgages and credit cards. The team has access to the firm's global network and is noted for its expertise in the US and European bond markets. The firm has long-established relationships with a number of international investment banks and top ASX-listed companies.
Band 3

3 AshurstCapital Markets: Equity2026 | Band 3 | 21 Years RankedAshurst has a highly commended practice offering in-depth knowledge across the whole spectrum of ECM, DCM and securitisation transactions. The law firm is known for working on novel and bespoke securitisation issues, including portfolio acquisition funding, auto loan and lease securitisation and establishment of fintech securitisation programmes. Ashurst is experienced in the Eurobond and US markets and acts for leading financial institutions, international banks and financiers in addition to its blue-chip corporate client base. The team is frequently instructed on major IPOs and ASX listings and placements.

3 Corrs Chambers WestgarthCapital Markets: Equity2026 | Band 3 | 17 Years RankedCorrs Chambers Westgarth offers expertise in a wide range of domestic and global capital market matters. The team regularly acts for an impressive list of energy, natural resources and infrastructure clients, assisting with secondary offerings and capital raisings. The law firm is active advising on IPOs across a range of industries.

3 DLA Piper AustraliaCapital Markets: Equity2026 | Band 3 | 13 Years RankedDLA Piper is a well-respected full-service practice offering expertise in a range of equity transactions. The team continues to be highly active on cross-border matters, including acting for US and China-based entities. DLA Piper is known for its experience advising technology companies, particularly on raising development capital within domestic markets through non-listing funding transactions. The firm is also noted for its expertise within the natural resources sector, advising a number of mining companies on capital raises, placements and secondary listings.
Band 4

4 Baker McKenzieCapital Markets: Equity2026 | Band 4 | 19 Years RankedBaker McKenzie demonstrates expertise in a range of ECM matters, including novel capital raisings and IPOs. The legal team routinely acts for underwriters, and handles cross-border capital raisings and listings throughout the Asia-Pacific region, with additional experience in the UK and US markets.