Ranking tables

Capital Markets: Debt | Europe

Germany

The below Capital Markets: Debt rankings table provides market-leading insights on the top ranked lawyers and law firms whose advice and legal services can be purchased in Germany. The rankings are the result of extensive research by our internal research team, who conduct interviews with in-house counsel, other third-party experts and private practice lawyers who have worked alongside them. Use our table and ranking system to identify the most suited provider of legal services for you.

All Departments profiles

1
Band 1
  1. Freshfields Bruckhaus Deringer
    1
    Freshfields Bruckhaus Deringer
    Capital Markets: Debt
    2024 | Band 1 | 18 Years Ranked
    Freshfields Bruckhaus Deringer offers exceptional strength across a broad capital markets spectrum. The law firm boasts an enviable client base comprising prestigious corporates and financial institutions. The ECM practice enjoys a regular flow of high-profile mandates, advising on cross-border IPOs, dual-track transactions and capital increases. The law firm exhibits further strength in the areas of accelerated bookbuilding and rights issues. The DCM team handles high-value bond issuances, including high-yield, AT1 notes and hybrid products as well as updates and issuances under note programmes. Clients benefit from the department's considerable experience in cross-border mandates involving Europe, North America and Asia.
  2. Hengeler Mueller
    1
    Hengeler Mueller
    Capital Markets: Debt
    2024 | Band 1 | 18 Years Ranked
    Hengeler Mueller boasts an outstanding capital markets practice, top-ranked in equity and debt alike. The DCM team covers a broad range of mandates with a focus on strategically important matters. Acting for banks, public entities and corporate issuers, its expertise includes green bonds, debt issuance programmes and high-yield bonds. The law firm's ECM team is very active on high-profile IPOs and capital increases, with further expertise in dual-track processes, where the firm can draw on its extensive experience in M&A projects. Furthermore, Hengeler Mueller is also highly recognised in the structured finance space, showing prowess in handling large securitisation transactions, and assisting with a broad range of instruments, such as lease and loan receivables. Its clientele of blue-chip corporates and leading financial institutions further evidences the law firm's dominant market position.
  3. Linklaters
    1
    Linklaters
    Capital Markets: Debt
    2024 | Band 1 | 18 Years Ranked
    Present across the entire capital markets spectrum, with considerable bench strength, Linklaters is recognised by both clients and peers for its excellence. The law firm regularly advises issuers and bookrunners on a wide ambit of DCM products, with extensive experience in green, convertible and Tier 1 and 2 bonds. It is also experienced in assisting with debt issuance programmes. Its outstanding ECM team handles high-profile IPOs, rights issues and SPAC deals as well as dual-track transactions in conjunction with its strong M&A team. Clients further benefit from Linklaters' comprehensive structured finance offering, with expertise in both synthetic, auto and consumer loan securitisations, while its derivatives experts can assist with EONIA and IBOR transitions and other regulatory issues. Its prowess in handling fintech matters, including cryptocurrency and securitisation platform mandates, complements the law firm's services.
2
Band 2
  1. Clifford Chance
    2
    Clifford Chance
    Capital Markets: Debt
    2024 | Band 2 | 18 Years Ranked
    Clifford Chance boasts an extremely well-resourced team covering the full gamut of international capital markets matters. The law firm has a formidable presence in structured finance, enjoying a vast deal flow in securitisations, with further coverage of NPL trades and regulatory aspects pertaining to investment platforms. The Frankfurt office furthermore acts for an impressive collection of underwriters and bank issuers on DCM matters, including debt issuance programmes as well as the issuing of green bonds, sovereign bonds and bank bonds. Additionally, clients regularly seek the law firm's advice regarding IPOs, capital increases and rights offerings. Its excellent client base, which consists primarily of major international banks and corporates across various industries, serves as further evidence of the firm's strong market position.
  2. Latham & Watkins LLP
    2
    Latham & Watkins LLP
    Capital Markets: Debt
    2024 | Band 2 | 18 Years Ranked
    Latham & Watkins houses highly regarded DCM and ECM teams, allowing a comprehensive coverage across both market segments. The law firm is renowned for its market-leading expertise in high-yield bond deals under both German and New York law. The team also assists with Yankee bonds and continues to advise clients on the offering of convertibles and other equity-linked products. The law firm additionally enjoys an impeccable standing in the ECM market. The top-tier practice advises prominent corporates and underwriting banks on cross-border IPOs, capital increases and rights issues. It is also very experienced in handling dual-track M&A and listing mandates. Latham & Watkins' global network renders it a prime choice for international clients.
  3. White & Case
    2
    White & Case
    Capital Markets: Debt
    2024 | Band 2 | 18 Years Ranked
    Covering the entirety of the capital market, White & Case is an attractive choice for clients seeking strong legal advice and cross-border capabilities. Its DCM practice is frequently mandated for strategically important issues, such as advising state entities, bookrunners and energy companies on ESG-related bonds. The team is also well versed in assisting with high-yield bonds and Rule 144A issues. The law firm exhibits further strength in structured finance, advising on cross-border synthetic and NPL securitisations, ABS transactions and loan portfolio investments. White & Case's holistic offering is completed by its expertise in ECM deals, which includes experience in capital increases and IPOs.
3
Band 3
  1. Allen & Overy LLP
    3
    Allen & Overy LLP
    Capital Markets: Debt
    2024 | Band 3 | 18 Years Ranked
    Allen & Overy showcases a solid practice with comprehensive coverage across the capital markets spectrum. The law firm's DCM team is particularly known for its high-yield offering, while also advising on debt issuance programmes and topical issues such as green bonds and crypto ETNs. The department is furthermore respected for its expertise in ECM mandates, acting for corporates and underwriters on capital increases, share placements and convertibles deals. Clients also benefit from the law firm's strength in structured finance matters, which span from complex synthetic securitisations to regulatory work pertaining to issuance platforms and structured products. Its international network renders Allen & Overy a strong choice for clients seeking cross-border assistance.
  2. Gleiss Lutz
    3
    Gleiss Lutz
    Capital Markets: Debt
    2024 | Band 3 | 8 Years Ranked
    Gleiss Lutz possesses a dedicated DCM and ECM department across its offices. The ECM team predominantly advises issuers and supervisory boards on IPOs, enjoying longstanding client relationships with an array of German corporates. Additionally, the law firm handles capital increases, rights offerings and delistings. The DCM team is highly active on cross-border high-yield bond issuances and Schuldschein transactions as well as debt and capital measures in restructuring mandates. Gleiss Lutz also assists with convertible bond transactions.
  3. Sullivan & Cromwell LLP
    3
    Sullivan & Cromwell LLP
    Capital Markets: Debt
    2024 | Band 3 | 18 Years Ranked
    Widely considered the market leader for ECM, the international law firm Sullivan & Cromwell is regularly involved in highly complex and prestigious equity transactions. Its clientele comprises top-tier issuers and underwriters, including blue-chip companies, successful startups and investment banks. Due to its excellent international network, the law firm offers seamless handling of cross-border transactions, with particular strength in US-related matters, including SPACs, ADSs and SEC-registered deals. The team is highly visible advising on IPOs, capital increases and private placements. Clients also benefit from the law firm's strength in DCM matters, assisting issuers and underwriters with deals including SEC-registered global note offerings and transactions in accordance with Rule 144A.
  4. Norton Rose Fulbright
    Capital Markets: Debt
    2024 | Band 3