Ranking tables

Capital Markets: High-Yield Products | Global

Global: Multi-Jurisdictional

Covers advice on a full range of issues relating to non-investment-grade corporate bonds. 

All Departments profiles

1

Band 1

  1. Davis Polk & Wardwell LLP
    1
    Davis Polk & Wardwell LLP
    Capital Markets: High-Yield Products
    2025 | Band 1 | 4 Years Ranked

    Davis Polk & Wardwell is a prominent US firm with a significant global profile in capital markets across a range of jurisdictions. The law firm offers:

    • A leading New York-headquartered capital markets group in the USA.

    • A focused team in the UK with a strong emphasis on capital markets that enhances the firm's market share in Europe, particularly in relation to US-law issuances by European companies.

    • Impressive Asian and Latin American practices.

    • Experience acting for international corporations and banks on some of the most high-profile IPOs in the global market and on complex high-yield and debt capital transactions.

  2. Latham & Watkins LLP
    1
    Latham & Watkins LLP
    Capital Markets: High-Yield Products
    2025 | Band 1 | 4 Years Ranked

    Latham & Watkins has a respected team with extensive experience and expertise. The law firm offers:

    • A leading issuer and sponsor practice in relation to high-yield products.

    • An equity capital markets team that has experienced impressive growth globally, particularly through an increased presence in Europe and emerging markets.

    • Strength in depth across equity, debt and high-yield matters and adeptness in advising non-US issuers attempting to access US capital markets.

    • Noteworthy strength in securitisation.

  3. Cahill Gordon & Reindel LLP
    Capital Markets: High-Yield Products
    2025 | Band 1
2

Band 2

  1. A&O Shearman
    2
    A&O Shearman
    Capital Markets: High-Yield Products
    2025 | Band 2 | 4 Years Ranked

    A&O Shearman is a renowned firm with a laudable global capital markets practice. The firm features offices in many key financial centres, including London, Frankfurt, Hong Kong, New York and Singapore. The law firm offers:

    • Market-leading debt capital markets and securitisation capabilities

    • In-depth experience in African high-yield and equity deals as well as in equity mandates in the Middle East.

    • Close affinity to the financial sector, with large investment banks and global financial institutions among its clients.

    • Experience advising on a range of cross-border sovereign bond issuance matters, high-profile capital raisings and IPOs.

  2. Simpson Thacher & Bartlett LLP
    2
    Simpson Thacher & Bartlett LLP
    Capital Markets: High-Yield Products
    2025 | Band 2 | 4 Years Ranked

    Simpson Thacher & Bartlett possesses a diverse capital markets practice with extensive expertise in debt, high-yield and equity matters. The law firm offers:

    • Considerable strengths from its US base, with high-end practices across the range of products in New York.

    • Global strength through a well-regarded London high-yield practice and a highly rated team of lawyers across Asia.

    • Substantial experience assisting first-time issuers and a well-regarded private equity practice to complement its global capital markets offering.

  3. Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates
    2
    Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates
    Capital Markets: High-Yield Products
    2025 | Band 2 | 4 Years Ranked

    Skadden, Arps, Slate, Meagher & Flom is an internationally-respected firm that offers an impressive spread of capital markets practices across areas of specialism. The law firm offers:

    • Specialist capabilities in equity and regulatory matters, while maintaining notable capabilities in high-yield and structured finance

    • Considerable strengths across key economic centres, including New York, London and São Paulo

    • A Hong Kong office adept at handling a wide range of debt and equity transactions, with a strong track record in major IPOs in China.

    • Experience working with large investment banks, Fortune 500 companies and other financial institutions.

  4. Kirkland & Ellis
    Capital Markets: High-Yield Products
    2025 | Band 2
3

Band 3

  1. Clifford Chance LLP
    3
    Clifford Chance LLP
    Capital Markets: High-Yield Products
    2025 | Band 3 | 1 Years Ranked

    Clifford Chance is a globally recognised brand with leading expertise across debt, equity and securitisation within capital markets. The law firm offers:

    • Expertise in a range of debt capital markets issues, and it is well versed in investment-grade and green bonds, liability management, sovereign issues and emerging market issuances.

    • Extensive experience of large IPO transactions and listings across a diverse range of markets, including the London Stock Exchange.

    • A widely recognised capability in US derivatives and leading expertise for structured finance work across Europe and Asia.

    • Familiarity representing the largest global financial institutions and investment banks.

  2. Cravath, Swaine & Moore LLP
    3
    Cravath, Swaine & Moore LLP
    Capital Markets: High-Yield Products
    2025 | Band 3 | 4 Years Ranked

    Cravath, Swaine & Moore has a formidable New York practice with notable strengths in equity, leveraged debt and high-yield debt matters. The law firm offers:

    • Significant strength and cross-border capabilities for high-end transactions, exerting influence globally through high-quality expertise in New York and London.

    • Robust connections with strong independent firms in other jurisdictions.

    • Experience advising a client base of high-end corporations on IPOs, exchangeable securities offerings and preferred stock offerings.

    • Strong relationships with global investment banks, allowing the firm to regularly act as underwriters' counsel on high-yield matters.

  3. Linklaters
    3
    Linklaters
    Capital Markets: High-Yield Products
    2025 | Band 3 | 4 Years Ranked

    Linklaters is a leading UK firm that stands out for the breadth of its expertise in capital markets. The law firm offers:

    • A highly regarded practice for a wide range of debt issuances, structured lending transactions and IPOs.

    • Strong relationships with many large financial institutions, regularly serving as underwriters' counsel, while also remaining a popular choice for issuers and corporate clients.

    • A highly integrated global team, particularly impressing across Europe and Asia, offering seamless handling of cross-border matters.

    • An impressive ability to win instructions on complex global equity transactions.

  4. Milbank LLP
    3
    Milbank LLP
    Capital Markets: High-Yield Products
    2025 | Band 3 | 1 Years Ranked

    Milbank has an international firm that has strength in the high-yield product space. The law firm offers:

    • Expertise in cross-border deals with strong teams in London and New York.

    • An impressive track record in representing leading financial institutions, including investment banks.

    • Experience acting for issuers and underwriters.

  5. Sidley Austin LLP
    3
    Sidley Austin LLP
    Capital Markets: High-Yield Products
    2025 | Band 3 | 1 Years Ranked

    Sidley Austin has a vastly experienced capital markets team with particular proficiency in advising on debt capital transactions, along with structured finance, securitisation and high-yield products. The law firm offers:

    • Experience acting for financial institutions due to its significant focus on the financial sector across its global platform.

    • Knowledge of matters including mortgage and asset-backed securities, CLOs and conduit transactions.

    • Strength in London and Hong Kong and across the USA for securities and debt work, in both investment-grade and non-investment-grade bonds.

  6. White & Case LLP
    3
    White & Case LLP
    Capital Markets: High-Yield Products
    2025 | Band 3 | 4 Years Ranked

    White & Case is a globally renowned firm that possesses impressive capabilities in many key financial areas, as well as local law expertise in numerous other jurisdictions. The law firm offers:

    • Particular strength in the debt capital markets space.

    • An excellent track record in high-profile and complex Islamic financing and sukuk matters, as well as in sovereign debt issuances.

    • Long-standing experience in Africa, the Middle East and emerging markets.