League Tables

GLOBAL LEGAL ADVISER LEAGUE TABLES

2014 2014

MANAGER RANKINGS LEGAL CAPITAL MARKETS

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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NI LEAG CRL or http://www.bloomberg.com/ for a full range of market-specific league table publications

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.

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 Janoearto Alamsyah +60 3 2302 7887 [email protected]

Legal League Tables Global Eqty/Eql/Rights Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Simpson Thacher & Bartlett 1 5.2 29,976 53 1 5.1 0.1 Conyers Dill & Pearman 20 1.2 74 Latham & Watkins LLP 2 5.0 29,150 72 4 3.0 2.0 Latham & Watkins LLP 2 5.0 72 Davis Polk & Wardwell 3 3.8 21,983 44 7 2.3 1.5 Skadden Arps Slate Meagher & Flom 6 2.7 67 Vinson & Elkins LLP 4 3.0 17,593 52 3 3.1 (0.1) Cooley LLP 22 1.1 57 Linklaters LLP 5 2.7 15,788 27 9 2.1 0.6 Simpson Thacher & Bartlett 1 5.2 53 Skadden Arps Slate Meagher & Flom 6 2.7 15,574 67 2 4.1 (1.4) Vinson & Elkins LLP 4 3.0 52 Herbert Smith Freehills 7 2.6 14,972 32 47 0.6 2.0 Venable LLP 19 1.2 51 Kirkland & Ellis 8 2.2 12,474 45 16 1.5 0.7 King & Wood Mallesons 18 1.5 47 Wilson Sonsini Goodrich & Rosati 9 2.1 11,919 45 8 2.2 (0.1) Kirkland & Ellis 8 2.2 45 Maples & Calder/United Kingdom 10 2.1 11,857 39 70 0.4 1.7 Wilson Sonsini Goodrich & Rosati 9 2.1 45 Freshfields Bruckhaus Deringer 11 2.0 11,316 21 6 2.4 (0.4) Davis Polk & Wardwell 3 3.8 44 Sullivan & Cromwell 12 1.9 10,812 21 5 2.4 (0.5) Maples & Calder/United Kingdom 10 2.1 39 Clifford Chance LLP 13 1.9 10,715 30 14 1.6 0.3 Goodwin Procter LLP 28 0.9 36 Allen & Overy LLP 14 1.8 10,251 21 10 1.9 (0.1) Paul Weiss Rifkind Wharton & Garrison 16 1.5 33 White & Case LLP 15 1.8 10,240 27 13 1.7 0.1 Herbert Smith Freehills 7 2.6 32 Paul Weiss Rifkind Wharton & Garrison 16 1.5 8,797 33 24 1.2 0.3 Clifford Chance LLP 13 1.9 30 Fangda Partners 17 1.5 8,791 9 333 - 1.5 Linklaters LLP 5 2.7 27 King & Wood Mallesons 18 1.5 8,633 47 28 0.9 0.6 White & Case LLP 15 1.8 27 Venable LLP 19 1.2 6,864 51 12 1.8 (0.6) Baker & McKenzie 55 0.4 27 Conyers Dill & Pearman 20 1.2 6,769 74 46 0.6 0.6 Norton Rose Fulbright LLP 49 0.5 26 TOTAL 100% 577,673 2,220 515,086 100% TOTAL 100% 2,220

Includes all eligible global equity, equity-linked & rights offering. Volume in USD millions.

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Legal League Tables Global Eqty/Eql/Rights Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Davis Polk & Wardwell 1 9.3 52,233 146 1 15.1 (5.8) Latham & Watkins LLP 2 8.2 182 Latham & Watkins LLP 2 8.2 46,331 182 2 6.9 1.3 Davis Polk & Wardwell 1 9.3 146 Linklaters LLP 3 6.9 38,541 90 4 4.7 2.2 Linklaters LLP 3 6.9 90 Sullivan & Cromwell 4 4.5 25,118 27 19 1.2 3.3 Clifford Chance LLP 5 3.2 57 Clifford Chance LLP 5 3.2 18,218 57 11 2.4 0.8 Simpson Thacher & Bartlett 7 3.1 55 White & Case LLP 6 3.2 17,942 40 15 1.4 1.8 Skadden Arps Slate Meagher & Flom 12 2.5 52 Simpson Thacher & Bartlett 7 3.1 17,592 55 3 5.5 (2.4) Goodwin Procter LLP 34 0.6 45 Cahill Gordon & Reindel 8 3.1 17,361 38 7 3.5 (0.4) White & Case LLP 6 3.2 40 King & Wood Mallesons 9 3.0 16,896 18 43 0.4 2.6 Stikeman Elliott 31 0.7 40 Shearman & Sterling LLP 10 3.0 16,666 34 13 1.6 1.4 Cahill Gordon & Reindel 8 3.1 38 Cleary Gottlieb Steen & Hamilton 11 2.9 16,178 19 17 1.3 1.6 Sidley Austin LLP 19 1.3 37 Skadden Arps Slate Meagher & Flom 12 2.5 13,945 52 5 4.1 (1.6) Cooley LLP 26 0.9 36 Paul Hastings LLP 13 2.4 13,311 32 24 1.1 1.3 Teh & Lee 260 0.0 35 Vinson & Elkins LLP 14 2.0 11,259 28 14 1.5 0.5 Shearman & Sterling LLP 10 3.0 34 Freshfields Bruckhaus Deringer 15 2.0 11,223 24 6 3.7 (1.7) Paul Hastings LLP 13 2.4 32 Baker Botts LLP 16 1.9 10,919 27 10 2.4 (0.5) Hunton & Williams 28 0.8 29 Cravath Swaine & Moore 17 1.6 9,131 25 12 2.2 (0.6) Blake Cassels & Graydon LLP 38 0.5 29 Herbert Smith Freehills 18 1.6 8,897 18 18 1.2 0.4 Vinson & Elkins LLP 14 2.0 28 Sidley Austin LLP 19 1.3 7,489 37 8 3.2 (1.9) Sullivan & Cromwell 4 4.5 27 Allen & Overy LLP 20 1.3 7,470 19 9 2.6 (1.3) Baker Botts LLP 16 1.9 27 TOTAL 100% 562,506 1,930 507,627 100% TOTAL 100% 1,930

Includes all eligible global equity, equity-linked & rights offering. Volume in USD millions.

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Legal League Tables Global Equity IPO Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Simpson Thacher & Bartlett 1 5.9 13,213 20 1 7.0 (1.1) Conyers Dill & Pearman 13 2.0 53 Latham & Watkins LLP 2 5.6 12,594 24 3 4.7 0.9 King & Wood Mallesons 7 3.2 39 Maples & Calder/United Kingdom 3 4.7 10,554 32 61 0.4 4.3 Maples & Calder/United Kingdom 3 4.7 32 Freshfields Bruckhaus Deringer 4 4.1 9,189 16 18 1.6 2.5 Skadden Arps Slate Meagher & Flom 11 2.3 28 Fangda Partners 5 3.8 8,581 5 254 - 3.8 Cooley LLP 20 1.2 28 Herbert Smith Freehills 6 3.6 8,079 17 31 0.9 2.7 Latham & Watkins LLP 2 5.6 24 King & Wood Mallesons 7 3.2 7,087 39 9 2.2 1.0 Simpson Thacher & Bartlett 1 5.9 20 Davis Polk & Wardwell 8 3.1 7,070 17 4 3.6 (0.5) Wilson Sonsini Goodrich & Rosati 29 0.9 20 Clifford Chance LLP 9 2.8 6,337 15 5 2.9 (0.1) Jingtian Gongcheng Law Firm 19 1.2 19 Vinson & Elkins LLP 10 2.7 6,020 14 2 4.8 (2.1) Appleby 131 0.1 19 Skadden Arps Slate Meagher & Flom 11 2.3 5,113 28 6 2.7 (0.4) Herbert Smith Freehills 6 3.6 17 Allen & Overy LLP 12 2.2 5,002 7 22 1.2 1.0 Davis Polk & Wardwell 8 3.1 17 Conyers Dill & Pearman 13 2.0 4,521 53 19 1.3 0.7 Freshfields Bruckhaus Deringer 4 4.1 16 Weil Gotshal & Manges LLP 14 1.7 3,872 8 69 0.3 1.4 Clifford Chance LLP 9 2.8 15 Ropes & Gray 15 1.6 3,512 8 55 0.5 1.1 Kirkland & Ellis 17 1.3 15 Shearman & Sterling LLP 16 1.4 3,137 6 46 0.6 0.8 Grandall Legal Group 42 0.5 15 Kirkland & Ellis 17 1.3 3,029 15 16 1.8 (0.5) Vinson & Elkins LLP 10 2.7 14 Linklaters LLP 18 1.3 2,900 8 12 1.9 (0.6) DLA Piper LLP 48 0.4 12 Jingtian Gongcheng Law Firm 19 1.2 2,688 19 34 0.8 0.4 Goodwin Procter LLP 26 1.0 11 Cooley LLP 20 1.2 2,669 28 26 1.0 0.2 Beijing Grandway Law Offices 47 0.4 11 TOTAL 100% 224,594 861 143,784 100% TOTAL 100% 861

Includes all eligible equity initial public offerings. Excludes China A shares. Volume in USD millions.

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Legal League Tables Global Equity IPO Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Sullivan & Cromwell 1 8.2 16,488 12 12 2.1 6.1 Latham & Watkins LLP 2 7.9 61 Latham & Watkins LLP 2 7.9 15,874 61 2 8.2 (0.3) Davis Polk & Wardwell 5 4.8 29 King & Wood Mallesons 3 7.6 15,162 12 23 1.2 6.4 Linklaters LLP 4 7.0 21 Linklaters LLP 4 7.0 14,003 21 4 3.7 3.3 Simpson Thacher & Bartlett 11 2.4 20 Davis Polk & Wardwell 5 4.8 9,604 29 1 15.1 (10.3) Skadden Arps Slate Meagher & Flom 10 2.7 19 Cleary Gottlieb Steen & Hamilton 6 4.5 9,127 8 25 1.0 3.5 Cooley LLP 26 0.8 18 Freshfields Bruckhaus Deringer 7 3.7 7,360 10 3 4.5 (0.8) Jingtian Gongcheng Law Firm 41 0.5 18 Clifford Chance LLP 8 3.1 6,304 16 8 2.8 0.3 Clifford Chance LLP 8 3.1 16 Herbert Smith Freehills 9 2.7 5,451 12 29 0.8 1.9 Paul Hastings LLP 15 1.7 15 Skadden Arps Slate Meagher & Flom 10 2.7 5,351 19 6 3.4 (0.7) White & Case LLP 14 2.1 14 Simpson Thacher & Bartlett 11 2.4 4,915 20 5 3.6 (1.2) Sullivan & Cromwell 1 8.2 12 Clayton Utz 12 2.4 4,839 1 - - - King & Wood Mallesons 3 7.6 12 Allen & Overy LLP 13 2.1 4,232 9 13 2.0 0.1 Herbert Smith Freehills 9 2.7 12 White & Case LLP 14 2.1 4,122 14 10 2.2 (0.1) Shearman & Sterling LLP 19 1.5 12 Paul Hastings LLP 15 1.7 3,360 15 19 1.5 0.2 Norton Rose Fulbright LLP 29 0.6 12 Hogan Lovells 16 1.6 3,299 3 22 1.3 0.3 Commerce & Finance Law Offices 23 1.1 11 Baker Botts LLP 17 1.5 3,094 9 7 3.4 (1.9) Freshfields Bruckhaus Deringer 7 3.7 10 Vinson & Elkins LLP 18 1.5 3,034 5 18 1.7 (0.2) Ropes & Gray 24 0.9 10 Shearman & Sterling LLP 19 1.5 2,938 12 35 0.6 0.9 Goodwin Procter LLP 45 0.4 10 Covington & Burling 20 1.4 2,873 8 109 0.1 1.3 Allen & Overy LLP 13 2.1 9 TOTAL 100% 200,680 585 134,434 100% TOTAL 100% 585

Includes all eligible equity initial public offerings. Excludes China A shares. Volume in USD millions.

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Legal League Tables Global Bonds Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Sullivan & Cromwell 1 11.6 70,809 60 1 16.1 (4.5) Davis Polk & Wardwell 2 9.7 75 Davis Polk & Wardwell 2 9.7 58,778 75 6 4.0 5.7 Sullivan & Cromwell 1 11.6 60 Cravath Swaine & Moore 3 6.3 38,575 22 3 6.0 0.3 Cleary Gottlieb Steen & Hamilton 5 5.3 48 Skadden Arps Slate Meagher & Flom 4 5.8 35,040 40 4 5.6 0.2 Skadden Arps Slate Meagher & Flom 4 5.8 40 Cleary Gottlieb Steen & Hamilton 5 5.3 32,244 48 7 4.0 1.3 Gibson Dunn & Crutcher 8 3.3 28 Simpson Thacher & Bartlett 6 3.7 22,593 26 5 4.8 (1.1) Simpson Thacher & Bartlett 6 3.7 26 White & Case LLP 7 3.6 22,176 22 8 3.4 0.2 Sidley Austin LLP 13 1.9 26 Gibson Dunn & Crutcher 8 3.3 19,850 28 20 1.1 2.2 Cravath Swaine & Moore 3 6.3 22 Hogan Lovells 9 2.8 17,300 16 9 2.9 (0.1) White & Case LLP 7 3.6 22 Shearman & Sterling LLP 10 2.5 14,998 21 10 2.8 (0.3) Shearman & Sterling LLP 10 2.5 21 Arnold & Porter 11 2.5 14,950 12 13 1.6 0.9 Jones Day 15 1.6 20 Borden Ladner Gervais LLP 12 2.4 14,426 11 11 2.5 (0.1) Clifford Chance LLP 14 1.6 17 Sidley Austin LLP 13 1.9 11,817 26 49 0.3 1.6 Hogan Lovells 9 2.8 16 Clifford Chance LLP 14 1.6 9,611 17 47 0.4 1.2 Latham & Watkins LLP 18 1.5 16 Jones Day 15 1.6 9,563 20 22 1.0 0.6 Norton Rose Fulbright LLP 42 0.4 16 Wachtell Lipton Rosen & Katz 16 1.6 9,550 12 89 0.1 1.5 Pillsbury Winthrop Shaw Pittman LLP 27 0.9 14 Debevoise & Plimpton LLP 17 1.5 9,100 13 2 7.3 (5.8) Debevoise & Plimpton LLP 17 1.5 13 Latham & Watkins LLP 18 1.5 9,050 16 15 1.3 0.2 Arnold & Porter 11 2.5 12 Fenwick & West LLP 19 1.3 8,000 7 - - - Wachtell Lipton Rosen & Katz 16 1.6 12 Mayer Brown LLP 20 1.2 7,200 9 21 1.0 0.2 Allen & Overy LLP 23 1.0 12 TOTAL 100% 607,982 709 713,082 100% TOTAL 100% 709

Includes all eligible bonds where Market of Issue is Global. Volume in USD millions.

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Legal League Tables Global Bonds Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Davis Polk & Wardwell 1 13.8 93,914 136 3 10.0 3.8 Davis Polk & Wardwell 1 13.8 136 Simpson Thacher & Bartlett 2 10.6 71,884 67 1 11.6 (1.0) Sullivan & Cromwell 3 9.6 70 Sullivan & Cromwell 3 9.6 65,507 70 4 7.4 2.2 Simpson Thacher & Bartlett 2 10.6 67 Cleary Gottlieb Steen & Hamilton 4 6.5 43,954 58 2 10.6 (4.1) Linklaters LLP 7 4.6 63 Shearman & Sterling LLP 5 6.4 43,755 56 9 3.8 2.6 Cleary Gottlieb Steen & Hamilton 4 6.5 58 Cravath Swaine & Moore 6 6.3 43,050 51 8 3.8 2.5 Shearman & Sterling LLP 5 6.4 56 Linklaters LLP 7 4.6 31,410 63 12 2.8 1.8 Cravath Swaine & Moore 6 6.3 51 Sidley Austin LLP 8 4.4 30,055 43 5 6.0 (1.6) Sidley Austin LLP 8 4.4 43 Davies Ward Phillips & Vineberg LLP 9 4.2 28,603 12 6 4.7 (0.5) Latham & Watkins LLP 10 3.4 30 Latham & Watkins LLP 10 3.4 23,300 30 33 0.4 3.0 Milbank Tweed Hadley & McCloy LLP 11 2.9 26 Milbank Tweed Hadley & McCloy LLP 11 2.9 19,399 26 7 4.5 (1.6) Cahill Gordon & Reindel 13 2.6 26 Hengeler Mueller 12 2.8 19,109 9 10 3.8 (1.0) Mayer Brown LLP 16 1.8 26 Cahill Gordon & Reindel 13 2.6 17,765 26 14 2.1 0.5 Allen & Overy LLP 15 1.9 21 Morrison & Foerster LLP 14 2.0 13,400 12 13 2.7 (0.7) Skadden Arps Slate Meagher & Flom 17 1.3 19 Allen & Overy LLP 15 1.9 12,650 21 16 1.7 0.2 Stikeman Elliott 18 1.2 13 Mayer Brown LLP 16 1.8 12,250 26 23 0.8 1.0 Davies Ward Phillips & Vineberg LLP 9 4.2 12 Skadden Arps Slate Meagher & Flom 17 1.3 8,500 19 19 1.2 0.1 Morrison & Foerster LLP 14 2.0 12 Stikeman Elliott 18 1.2 8,304 13 30 0.5 0.7 Clifford Chance LLP 19 0.8 11 Clifford Chance LLP 19 0.8 5,750 11 18 1.2 (0.4) Winston & Strawn 21 0.7 10 Hogan Lovells 20 0.8 5,650 5 24 0.7 0.1 Hengeler Mueller 12 2.8 9 TOTAL 100% 679,833 795 770,485 100% TOTAL 100% 795

Includes all eligible bonds where Market of Issue is Global. Volume in USD millions.

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Legal League Tables U.S. Equity Offerings Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Latham & Watkins LLP 1 8.2 17,778 55 4 5.1 3.1 Latham & Watkins LLP 1 8.2 55 Vinson & Elkins LLP 2 7.6 16,593 44 3 6.4 1.2 Venable LLP 6 3.2 51 Simpson Thacher & Bartlett 3 7.4 16,008 31 2 6.6 0.8 Cooley LLP 10 2.3 50 Davis Polk & Wardwell 4 4.7 10,137 11 15 1.9 2.8 Vinson & Elkins LLP 2 7.6 44 Kirkland & Ellis 5 4.1 8,874 28 8 2.7 1.4 Simpson Thacher & Bartlett 3 7.4 31 Venable LLP 6 3.2 6,864 51 5 3.3 (0.1) Wilson Sonsini Goodrich & Rosati 9 2.4 30 Debevoise & Plimpton LLP 7 3.1 6,708 11 24 1.2 1.9 Goodwin Procter LLP 14 2.1 29 Skadden Arps Slate Meagher & Flom 8 3.0 6,547 28 1 7.0 (4.0) Kirkland & Ellis 5 4.1 28 Wilson Sonsini Goodrich & Rosati 9 2.4 5,177 30 6 2.9 (0.5) Skadden Arps Slate Meagher & Flom 8 3.0 28 Cooley LLP 10 2.3 5,090 50 11 1.9 0.4 Wilmer Cutler Pickering Hale & Dorr LLP 21 1.4 21 Wachtell Lipton Rosen & Katz 11 2.2 4,870 13 55 0.4 1.8 Morgan Lewis & Bockius 20 1.6 19 Weil Gotshal & Manges LLP 12 2.2 4,825 9 16 1.8 0.4 Ropes & Gray 17 1.9 18 Akin Gump Strauss Hauer & Feld LLP 13 2.2 4,815 14 21 1.4 0.8 Sutherland Asbill & Brennan LLP 37 0.7 18 Goodwin Procter LLP 14 2.1 4,535 29 17 1.5 0.6 DLA Piper LLP 34 0.7 17 Baker Botts LLP 15 2.0 4,439 11 9 2.4 (0.4) Hunton & Williams 29 0.8 16 Sullivan & Cromwell 16 2.0 4,329 10 13 1.9 0.1 Gibson Dunn & Crutcher 19 1.7 15 Ropes & Gray 17 1.9 4,204 18 38 0.7 1.2 Akin Gump Strauss Hauer & Feld LLP 13 2.2 14 Fenwick & West LLP 18 1.8 3,863 12 10 1.9 (0.1) Wachtell Lipton Rosen & Katz 11 2.2 13 Gibson Dunn & Crutcher 19 1.7 3,689 15 12 1.9 (0.2) Hogan Lovells 26 1.0 13 Morgan Lewis & Bockius 20 1.6 3,425 19 19 1.5 0.1 Fenwick & West LLP 18 1.8 12 TOTAL 100% 217,683 916 239,087 100% TOTAL 100% 916

Includes all eligible equity offerings from U.S. issuers. Volume in USD millions.

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Legal League Tables U.S. Equity Offerings Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Latham & Watkins LLP 1 14.2 30,699 131 2 11.2 3.0 Latham & Watkins LLP 1 14.2 131 Davis Polk & Wardwell 2 12.2 26,362 69 1 16.3 (4.1) Davis Polk & Wardwell 2 12.2 69 Cahill Gordon & Reindel 3 7.2 15,614 33 3 6.5 0.7 Goodwin Procter LLP 20 1.4 40 Cleary Gottlieb Steen & Hamilton 4 5.0 10,918 11 28 0.7 4.3 Cooley LLP 13 2.2 34 Vinson & Elkins LLP 5 4.8 10,504 26 9 3.1 1.7 Cahill Gordon & Reindel 3 7.2 33 Baker Botts LLP 6 4.7 10,276 25 7 5.0 (0.3) Skadden Arps Slate Meagher & Flom 7 4.4 32 Skadden Arps Slate Meagher & Flom 7 4.4 9,512 32 4 5.5 (1.1) Hunton & Williams 16 2.0 28 Simpson Thacher & Bartlett 8 3.3 7,119 25 5 5.3 (2.0) Vinson & Elkins LLP 5 4.8 26 Ropes & Gray 9 3.0 6,488 25 17 1.3 1.7 Baker Botts LLP 6 4.7 25 Sullivan & Cromwell 10 2.5 5,427 15 19 1.3 1.2 Simpson Thacher & Bartlett 8 3.3 25 Sidley Austin LLP 11 2.3 5,054 24 6 5.3 (3.0) Ropes & Gray 9 3.0 25 Cravath Swaine & Moore 12 2.2 4,687 18 8 4.1 (1.9) Sidley Austin LLP 11 2.3 24 Cooley LLP 13 2.2 4,660 34 18 1.3 0.9 Fried Frank Harris Shriver & Jacobson 23 1.1 22 Weil Gotshal & Manges LLP 14 2.1 4,557 6 43 0.3 1.8 Cravath Swaine & Moore 12 2.2 18 Gibson Dunn & Crutcher 15 2.1 4,466 10 38 0.4 1.7 Sullivan & Cromwell 10 2.5 15 Hunton & Williams 16 2.0 4,237 28 12 2.1 (0.1) Andrews Kurth LLP 19 1.5 14 Shearman & Sterling LLP 17 1.7 3,734 10 13 2.1 (0.4) Covington & Burling 30 0.8 14 Hogan Lovells 18 1.5 3,346 7 16 1.6 (0.1) Proskauer Rose LLP 37 0.4 12 Andrews Kurth LLP 19 1.5 3,334 14 14 2.1 (0.6) Mintz Levin Cohn Ferris Glovsky & Popeo 38 0.3 12 Goodwin Procter LLP 20 1.4 3,054 40 15 2.0 (0.6) Lowenstein Sandler PC 59 0.1 12 TOTAL 100% 216,732 900 239,495 100% TOTAL 100% 900

Includes all eligible equity offerings from U.S. issuers. Volume in USD millions.

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Legal League Tables U.S. Equity Offerings Issuer Advisers (IPO) Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Vinson & Elkins LLP 1 9.7 5,741 12 1 11.6 (1.9) Cooley LLP 9 4.1 25 Davis Polk & Wardwell 2 7.2 4,246 3 52 0.3 6.9 Latham & Watkins LLP 4 4.9 16 Weil Gotshal & Manges LLP 3 5.8 3,450 5 31 0.6 5.2 Wilson Sonsini Goodrich & Rosati 12 3.4 16 Latham & Watkins LLP 4 4.9 2,904 16 3 7.8 (2.9) Vinson & Elkins LLP 1 9.7 12 Kirkland & Ellis 5 4.7 2,765 11 7 3.6 1.1 Kirkland & Ellis 5 4.7 11 Simpson Thacher & Bartlett 6 4.4 2,591 7 2 10.6 (6.2) Goodwin Procter LLP 11 3.7 9 Ropes & Gray 7 4.2 2,500 7 24 0.9 3.3 Fenwick & West LLP 10 3.7 8 Wachtell Lipton Rosen & Katz 8 4.2 2,484 3 - - - Skadden Arps Slate Meagher & Flom 16 2.5 8 Cooley LLP 9 4.1 2,417 25 13 2.3 1.8 Simpson Thacher & Bartlett 6 4.4 7 Fenwick & West LLP 10 3.7 2,220 8 20 1.3 2.4 Ropes & Gray 7 4.2 7 Goodwin Procter LLP 11 3.7 2,217 9 22 1.2 2.5 DLA Piper LLP 22 1.1 7 Wilson Sonsini Goodrich & Rosati 12 3.4 1,998 16 5 5.7 (2.3) Wilmer Cutler Pickering Hale & Dorr LLP 28 0.8 6 Baker Botts LLP 13 2.9 1,690 4 18 1.5 1.4 Weil Gotshal & Manges LLP 3 5.8 5 Conyers Dill & Pearman 14 2.8 1,654 4 28 0.7 2.1 Mintz Levin Cohn Ferris Glovsky & Popeo 46 0.3 5 Willkie Farr & Gallagher 15 2.7 1,586 3 47 0.3 2.4 Baker Botts LLP 13 2.9 4 Skadden Arps Slate Meagher & Flom 16 2.5 1,472 8 4 5.7 (3.2) Conyers Dill & Pearman 14 2.8 4 Akin Gump Strauss Hauer & Feld LLP 17 2.2 1,287 2 - - - Proskauer Rose LLP 27 0.8 4 Norton Rose Fulbright LLP 18 1.4 818 1 44 0.3 1.1 Ellenoff Grossman Schole & Cyruli LLP 29 0.8 4 Cleary Gottlieb Steen & Hamilton 19 1.3 764 2 57 0.2 1.1 Morgan Lewis & Bockius 40 0.4 4 Gibson Dunn & Crutcher 20 1.3 764 3 14 2.2 (0.9) Davis Polk & Wardwell 2 7.2 3 TOTAL 100% 59,224 255 58,363 100% TOTAL 100% 255

Includes all eligible equity initial public offerings from U.S. issuers. Volume in USD millions.

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Legal League Tables U.S. Equity Offerings Manager Advisers (IPO) Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Latham & Watkins LLP 1 21.0 12,350 50 2 14.5 6.5 Latham & Watkins LLP 1 21.0 50 Cleary Gottlieb Steen & Hamilton 2 12.1 7,150 4 - - - Cooley LLP 11 2.7 17 Davis Polk & Wardwell 3 7.5 4,410 12 1 23.7 (16.2) Davis Polk & Wardwell 3 7.5 12 Skadden Arps Slate Meagher & Flom 4 6.4 3,739 11 7 3.7 2.7 Skadden Arps Slate Meagher & Flom 4 6.4 11 Vinson & Elkins LLP 5 5.2 3,034 5 6 3.8 1.4 Ropes & Gray 9 3.0 10 Hogan Lovells 6 4.5 2,636 1 12 1.8 2.7 Goodwin Procter LLP 18 1.4 9 Baker Botts LLP 7 4.2 2,450 7 3 7.8 (3.6) Simpson Thacher & Bartlett 8 3.5 8 Simpson Thacher & Bartlett 8 3.5 2,035 8 8 3.6 (0.1) Baker Botts LLP 7 4.2 7 Ropes & Gray 9 3.0 1,741 10 9 3.4 (0.4) Wilson Sonsini Goodrich & Rosati 15 1.9 7 Shearman & Sterling LLP 10 2.8 1,634 3 30 0.3 2.5 Gibson Dunn & Crutcher 20 1.1 6 Cooley LLP 11 2.7 1,569 17 14 1.7 1.0 Mintz Levin Cohn Ferris Glovsky & Popeo 27 0.5 6 Cravath Swaine & Moore 12 2.4 1,413 3 4 5.1 (2.7) Vinson & Elkins LLP 5 5.2 5 Cahill Gordon & Reindel 13 2.0 1,199 4 5 4.7 (2.7) Andrews Kurth LLP 17 1.5 5 Weil Gotshal & Manges LLP 14 1.9 1,144 2 41 0.2 1.7 Sullivan & Cromwell 19 1.3 5 Wilson Sonsini Goodrich & Rosati 15 1.9 1,094 7 15 1.6 0.3 Cleary Gottlieb Steen & Hamilton 2 12.1 4 O'Melveny & Myers LLP 16 1.7 1,001 1 - - - Cahill Gordon & Reindel 13 2.0 4 Andrews Kurth LLP 17 1.5 894 5 13 1.8 (0.3) Fenwick & West LLP 21 0.9 4 Goodwin Procter LLP 18 1.4 798 9 11 2.2 (0.8) Shearman & Sterling LLP 10 2.8 3 Sullivan & Cromwell 19 1.3 774 5 20 1.1 0.2 Cravath Swaine & Moore 12 2.4 3 Gibson Dunn & Crutcher 20 1.1 675 6 19 1.2 (0.1) Covington & Burling 24 0.7 3 TOTAL 100% 58,859 250 58,336 100% TOTAL 100% 250

Includes all eligible equity initial public offerings from U.S. issuers. Volume in USD millions.

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Legal League Tables U.S. Equity Linked Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Wilson Sonsini Goodrich & Rosati 1 16.1 6,569 9 1 10.2 5.9 Wilson Sonsini Goodrich & Rosati 1 16.1 9 Davis Polk & Wardwell 2 8.4 3,424 6 28 1.0 7.4 Davis Polk & Wardwell 2 8.4 6 Sullivan & Cromwell 3 5.9 2,403 3 11 2.9 3.0 Skadden Arps Slate Meagher & Flom 7 3.5 5 Perkins Coie LLP 4 4.9 2,000 2 - - - Latham & Watkins LLP 10 2.5 5 Kirkland & Ellis 5 4.2 1,715 3 45 0.6 3.6 Cleary Gottlieb Steen & Hamilton 8 3.5 4 Covington & Burling 6 3.7 1,495 3 - - - Gibson Dunn & Crutcher 9 3.4 4 Skadden Arps Slate Meagher & Flom 7 3.5 1,438 5 5 4.2 (0.7) Hogan Lovells 13 2.0 4 Cleary Gottlieb Steen & Hamilton 8 3.5 1,413 4 19 2.0 1.5 Vinson & Elkins LLP 21 1.5 4 Gibson Dunn & Crutcher 9 3.4 1,405 4 26 1.1 2.3 Sullivan & Cromwell 3 5.9 3 Latham & Watkins LLP 10 2.5 1,009 5 20 1.7 0.8 Kirkland & Ellis 5 4.2 3 McGuirewoods LLP 11 2.5 1,000 1 11 2.9 (0.4) Covington & Burling 6 3.7 3 Sidley Austin LLP 12 2.0 834 3 13 2.8 (0.8) Sidley Austin LLP 12 2.0 3 Hogan Lovells 13 2.0 805 4 21 1.6 0.4 Cooley LLP 15 1.9 3 Wilmer Cutler Pickering Hale & Dorr LLP 13 2.0 805 1 36 0.7 1.3 Goodwin Procter LLP 23 1.2 3 Cooley LLP 15 1.9 785 3 4 5.0 (3.1) Clifford Chance LLP 25 0.9 3 White & Case LLP 16 1.8 750 2 - - - Perkins Coie LLP 4 4.9 2 Linklaters LLP 17 1.8 730 2 - - - White & Case LLP 16 1.8 2 Kane Kessler PC 18 1.7 690 1 - - - Linklaters LLP 17 1.8 2 Matheson 19 1.6 661 1 - - - K&L Gates LLP 20 1.6 2 K&L Gates LLP 20 1.6 644 2 29 1.0 0.6 Baker Botts LLP 24 1.1 2 TOTAL 100% 40,744 106 34,909 100% TOTAL 100% 106

Includes all eligible equity-linked offerings from U.S. issuers. Volume in USD millions.

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Legal League Tables U.S. Equity Linked Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Davis Polk & Wardwell 1 34.7 13,853 38 1 40.8 (6.1) Davis Polk & Wardwell 1 34.7 38 Latham & Watkins LLP 2 16.7 6,688 21 2 11.9 4.8 Latham & Watkins LLP 2 16.7 21 Simpson Thacher & Bartlett 3 6.8 2,730 4 3 11.6 (4.8) Sidley Austin LLP 7 4.1 6 Weil Gotshal & Manges LLP 4 4.6 1,850 2 - - - Simpson Thacher & Bartlett 3 6.8 4 Cravath Swaine & Moore 5 4.5 1,810 4 7 2.4 2.1 Cravath Swaine & Moore 5 4.5 4 Shearman & Sterling LLP 6 4.4 1,750 2 23 0.5 3.9 Cahill Gordon & Reindel 8 3.5 4 Sidley Austin LLP 7 4.1 1,620 6 5 4.3 (0.2) Proskauer Rose LLP 14 1.1 3 Cahill Gordon & Reindel 8 3.5 1,418 4 9 1.6 1.9 Fried Frank Harris Shriver & Jacobson 17 0.8 3 Sullivan & Cromwell 9 2.9 1,150 2 17 0.7 2.2 Weil Gotshal & Manges LLP 4 4.6 2 Troutman Sanders LLP 10 2.5 1,000 1 11 1.3 1.2 Shearman & Sterling LLP 6 4.4 2 Skadden Arps Slate Meagher & Flom 11 2.5 997 2 4 7.8 (5.3) Sullivan & Cromwell 9 2.9 2 Walkers SPV Ltd 12 1.4 575 1 - - - Skadden Arps Slate Meagher & Flom 11 2.5 2 Winston & Strawn 13 1.4 550 2 - - - Winston & Strawn 13 1.4 2 Proskauer Rose LLP 14 1.1 428 3 31 0.1 1.0 Clifford Chance LLP 15 1.0 2 Clifford Chance LLP 15 1.0 403 2 14 1.3 (0.3) Wilson Sonsini Goodrich & Rosati 20 0.6 2 Paul Hastings LLP 16 1.0 400 1 30 0.2 0.8 Milbank Tweed Hadley & McCloy LLP 21 0.6 2 Fried Frank Harris Shriver & Jacobson 17 0.8 305 3 16 0.8 - Troutman Sanders LLP 10 2.5 1 Arthur Cox 18 0.7 288 1 - - - Walkers SPV Ltd 12 1.4 1 Cleary Gottlieb Steen & Hamilton 19 0.6 245 1 6 2.8 (2.2) Paul Hastings LLP 16 1.0 1 Wilson Sonsini Goodrich & Rosati 20 0.6 225 2 10 1.5 (0.9) Arthur Cox 18 0.7 1 TOTAL 100% 39,936 105 37,846 100% TOTAL 100% 105

Includes all eligible equity-linked offerings from U.S. issuers. Volume in USD millions.

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Legal League Tables U.S. Corporates Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Davis Polk & Wardwell 1 8.1 104,729 208 4 5.0 3.1 Davis Polk & Wardwell 1 8.1 208 Cleary Gottlieb Steen & Hamilton 2 6.6 85,709 110 6 3.6 3.0 Sidley Austin LLP 13 1.8 154 Sullivan & Cromwell 3 6.5 84,769 141 1 8.2 (1.7) Sullivan & Cromwell 3 6.5 141 Skadden Arps Slate Meagher & Flom 4 5.8 75,391 141 2 6.5 (0.7) Skadden Arps Slate Meagher & Flom 4 5.8 141 Simpson Thacher & Bartlett 5 4.7 61,450 121 3 5.1 (0.4) Simpson Thacher & Bartlett 5 4.7 121 Gibson Dunn & Crutcher 6 3.1 39,550 63 10 2.0 1.1 Cleary Gottlieb Steen & Hamilton 2 6.6 110 Latham & Watkins LLP 7 3.1 39,509 77 7 2.7 0.4 Latham & Watkins LLP 7 3.1 77 Shearman & Sterling LLP 8 2.3 30,343 71 9 2.0 0.3 Shearman & Sterling LLP 8 2.3 71 McGuirewoods LLP 9 2.3 29,923 69 18 1.3 1.0 McGuirewoods LLP 9 2.3 69 Kirkland & Ellis 10 2.1 27,338 48 14 1.7 0.4 Allen & Overy LLP 19 1.5 67 White & Case LLP 11 2.1 27,044 49 16 1.6 0.5 Clifford Chance LLP 12 2.0 66 Clifford Chance LLP 12 2.0 26,470 66 23 1.1 0.9 Gibson Dunn & Crutcher 6 3.1 63 Sidley Austin LLP 13 1.8 23,857 154 17 1.5 0.3 Norton Rose Fulbright LLP 48 0.4 54 Vinson & Elkins LLP 14 1.8 23,463 45 21 1.2 0.6 Morrison & Foerster LLP 71 0.2 54 Hogan Lovells 15 1.7 21,600 48 8 2.2 (0.5) Venable LLP 52 0.4 50 Cravath Swaine & Moore 16 1.7 21,405 37 13 1.8 (0.1) White & Case LLP 11 2.1 49 Bracewell & Giuliani 17 1.6 21,037 26 40 0.5 1.1 Kirkland & Ellis 10 2.1 48 Jones Day 18 1.6 20,910 45 15 1.6 - Hogan Lovells 15 1.7 48 Allen & Overy LLP 19 1.5 19,494 67 11 2.0 (0.5) Vinson & Elkins LLP 14 1.8 45 Mayer Brown LLP 20 1.3 17,398 32 20 1.2 0.1 Jones Day 18 1.6 45 TOTAL 100% 1,295,060 2,338 1,318,940 100% TOTAL 100% 2,338

Includes U.S. Domestic, Yankee, Rule 144a, MTN, Bank Note, Deposit Note & CDs. Excludes Agencies, Sovereigns and Supranationals. Volume in USD millions.

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Legal League Tables U.S. Corporates Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Davis Polk & Wardwell 1 12.3 167,716 278 1 12.6 (0.3) Davis Polk & Wardwell 1 12.3 278 Simpson Thacher & Bartlett 2 9.4 128,265 191 3 7.8 1.6 Simpson Thacher & Bartlett 2 9.4 191 Cahill Gordon & Reindel 3 8.1 109,753 189 2 9.3 (1.2) Cahill Gordon & Reindel 3 8.1 189 Cravath Swaine & Moore 4 7.0 94,466 125 7 5.1 1.9 Latham & Watkins LLP 5 6.4 154 Latham & Watkins LLP 5 6.4 86,975 154 8 3.6 2.8 Sidley Austin LLP 8 5.2 144 Cleary Gottlieb Steen & Hamilton 6 6.0 81,687 131 4 7.5 (1.5) Cleary Gottlieb Steen & Hamilton 6 6.0 131 Shearman & Sterling LLP 7 5.4 73,186 127 6 5.9 (0.5) Shearman & Sterling LLP 7 5.4 127 Sidley Austin LLP 8 5.2 70,591 144 5 6.0 (0.8) Cravath Swaine & Moore 4 7.0 125 Linklaters LLP 9 3.3 44,930 59 10 2.9 0.4 Sullivan & Cromwell 10 3.0 71 Sullivan & Cromwell 10 3.0 40,812 71 12 2.5 0.5 Allen & Overy LLP 11 2.9 70 Allen & Overy LLP 11 2.9 39,163 70 13 2.5 0.4 Milbank Tweed Hadley & McCloy LLP 13 2.3 61 Morrison & Foerster LLP 12 2.6 35,607 48 17 1.8 0.8 Linklaters LLP 9 3.3 59 Milbank Tweed Hadley & McCloy LLP 13 2.3 31,492 61 9 3.6 (1.3) Skadden Arps Slate Meagher & Flom 14 2.0 58 Skadden Arps Slate Meagher & Flom 14 2.0 27,308 58 11 2.5 (0.5) Mayer Brown LLP 15 1.7 53 Mayer Brown LLP 15 1.7 22,512 53 24 0.9 0.8 Morrison & Foerster LLP 12 2.6 48 Clifford Chance LLP 16 1.5 20,912 41 14 2.2 (0.7) Hunton & Williams 24 0.8 45 Baker Botts LLP 17 1.3 18,050 29 21 1.0 0.3 Clifford Chance LLP 16 1.5 41 O'Melveny & Myers LLP 18 1.1 15,550 30 15 2.2 (1.1) Pillsbury Winthrop Shaw Pittman LLP 27 0.6 31 Gibson Dunn & Crutcher 19 1.1 14,275 15 19 1.0 0.1 Troutman Sanders LLP 33 0.4 31 Paul Hastings LLP 20 1.0 14,180 22 40 0.2 0.8 O'Melveny & Myers LLP 18 1.1 30 TOTAL 100% 1,358,080 2,283 1,383,990 100% TOTAL 100% 2,283

Includes U.S. Domestic, Yankee, Rule 144a, MTN, Bank Note, Deposit Note & CDs. Excludes Agencies, Sovereigns and Supranationals. Volume in USD millions.

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Legal League Tables U.S. Investment Grade Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Davis Polk & Wardwell 1 9.3 87,121 160 4 5.5 3.8 Davis Polk & Wardwell 1 9.3 160 Sullivan & Cromwell 2 7.9 74,001 122 1 9.9 (2.0) Sidley Austin LLP 10 2.1 141 Cleary Gottlieb Steen & Hamilton 3 7.4 69,946 84 6 4.3 3.1 Sullivan & Cromwell 2 7.9 122 Skadden Arps Slate Meagher & Flom 4 6.1 57,732 95 3 6.2 (0.1) Skadden Arps Slate Meagher & Flom 4 6.1 95 Simpson Thacher & Bartlett 5 5.0 47,026 82 5 4.6 0.4 Cleary Gottlieb Steen & Hamilton 3 7.4 84 Gibson Dunn & Crutcher 6 3.1 29,400 44 20 1.2 1.9 Simpson Thacher & Bartlett 5 5.0 82 McGuirewoods LLP 7 2.5 23,923 65 14 1.8 0.7 McGuirewoods LLP 7 2.5 65 Shearman & Sterling LLP 8 2.4 22,466 49 8 2.4 - Allen & Overy LLP 16 1.6 56 Clifford Chance LLP 9 2.4 22,252 53 27 0.8 1.6 Morrison & Foerster LLP 59 0.3 54 Sidley Austin LLP 10 2.1 20,172 141 13 1.8 0.3 Clifford Chance LLP 9 2.4 53 Hogan Lovells 11 2.1 19,828 40 7 2.8 (0.7) Shearman & Sterling LLP 8 2.4 49 Bracewell & Giuliani 12 2.1 19,387 24 41 0.5 1.6 Norton Rose Fulbright LLP 55 0.4 46 Cravath Swaine & Moore 13 1.9 17,725 26 11 2.1 (0.2) Gibson Dunn & Crutcher 6 3.1 44 Mayer Brown LLP 14 1.7 15,825 27 16 1.5 0.2 Hogan Lovells 11 2.1 40 Latham & Watkins LLP 15 1.6 14,958 32 12 2.0 (0.4) Osler Hoskin & Harcourt LLP 46 0.5 39 Allen & Overy LLP 16 1.6 14,773 56 9 2.3 (0.7) Venable LLP 53 0.4 37 Jones Day 17 1.5 14,000 29 18 1.3 0.2 Latham & Watkins LLP 15 1.6 32 White & Case LLP 18 1.2 11,600 24 15 1.6 (0.4) Jones Day 17 1.5 29 Proskauer Rose LLP 19 1.2 11,383 18 67 0.3 0.9 Mayer Brown LLP 14 1.7 27 Debevoise & Plimpton LLP 20 1.2 11,100 15 2 6.3 (5.1) Cravath Swaine & Moore 13 1.9 26 TOTAL 100% 941,349 1,599 942,389 100% TOTAL 100% 1,599

Includes U.S. issues with a rating of Baa3/BBB- and above. Includes split-rated issues. Excludes Agencies, Sovereigns and Supranationals. Volume in USD millions.

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Legal League Tables U.S. Investment Grade Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Davis Polk & Wardwell 1 14.2 141,606 230 1 14.1 0.1 Davis Polk & Wardwell 1 14.2 230 Simpson Thacher & Bartlett 2 9.9 99,238 127 2 9.3 0.6 Simpson Thacher & Bartlett 2 9.9 127 Cleary Gottlieb Steen & Hamilton 3 7.4 73,617 116 3 9.3 (1.9) Sidley Austin LLP 5 6.6 123 Cravath Swaine & Moore 4 7.2 72,358 89 5 5.2 2.0 Cleary Gottlieb Steen & Hamilton 3 7.4 116 Sidley Austin LLP 5 6.6 65,654 123 4 8.0 (1.4) Shearman & Sterling LLP 6 5.8 91 Shearman & Sterling LLP 6 5.8 58,338 91 6 5.1 0.7 Cravath Swaine & Moore 4 7.2 89 Linklaters LLP 7 4.1 41,263 50 13 2.6 1.5 Sullivan & Cromwell 9 3.6 62 Latham & Watkins LLP 8 4.0 39,925 57 16 1.8 2.2 Allen & Overy LLP 10 3.3 60 Sullivan & Cromwell 9 3.6 35,777 62 8 3.0 0.6 Latham & Watkins LLP 8 4.0 57 Allen & Overy LLP 10 3.3 33,346 60 10 2.8 0.5 Linklaters LLP 7 4.1 50 Morrison & Foerster LLP 11 2.8 28,481 40 14 2.4 0.4 Mayer Brown LLP 13 2.0 45 Milbank Tweed Hadley & McCloy LLP 12 2.4 23,859 30 7 3.4 (1.0) Morrison & Foerster LLP 11 2.8 40 Mayer Brown LLP 13 2.0 19,864 45 21 1.2 0.8 Skadden Arps Slate Meagher & Flom 15 1.9 37 Clifford Chance LLP 14 1.9 18,858 28 11 2.7 (0.8) Hunton & Williams 22 1.0 34 Skadden Arps Slate Meagher & Flom 15 1.9 18,523 37 15 2.3 (0.4) Pillsbury Winthrop Shaw Pittman LLP 23 0.8 31 Cahill Gordon & Reindel 16 1.7 17,450 30 17 1.7 - Troutman Sanders LLP 30 0.6 31 O'Melveny & Myers LLP 17 1.6 15,550 30 9 3.0 (1.4) Milbank Tweed Hadley & McCloy LLP 12 2.4 30 Gibson Dunn & Crutcher 18 1.4 14,050 13 18 1.4 - Cahill Gordon & Reindel 16 1.7 30 Hengeler Mueller 19 1.2 12,250 7 19 1.4 (0.2) O'Melveny & Myers LLP 17 1.6 30 Andrews Kurth LLP 20 1.2 11,900 17 24 0.9 0.3 Clifford Chance LLP 14 1.9 28 TOTAL 100% 999,642 1,543 1,003,140 100% TOTAL 100% 1,543

Includes U.S. issues with a rating of Baa3/BBB- and above. Includes split-rated issues. Excludes Agencies, Sovereigns and Supranationals. Volume in USD millions.

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Legal League Tables U.S. High Yield Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Kirkland & Ellis 1 7.8 25,668 40 3 5.2 2.6 Simpson Thacher & Bartlett 5 4.8 43 Latham & Watkins LLP 2 7.2 23,653 41 4 5.1 2.1 Latham & Watkins LLP 2 7.2 41 Skadden Arps Slate Meagher & Flom 3 5.1 16,858 38 1 7.4 (2.3) Kirkland & Ellis 1 7.8 40 Davis Polk & Wardwell 4 5.1 16,788 27 9 3.2 1.9 Skadden Arps Slate Meagher & Flom 3 5.1 38 Simpson Thacher & Bartlett 5 4.8 15,941 43 2 7.3 (2.5) Davis Polk & Wardwell 4 5.1 27 Vinson & Elkins LLP 6 4.7 15,550 27 8 3.5 1.2 Vinson & Elkins LLP 6 4.7 27 White & Case LLP 7 4.4 14,699 20 18 1.2 3.2 Shearman & Sterling LLP 11 2.4 21 Sullivan & Cromwell 8 3.7 12,365 16 6 4.1 (0.4) White & Case LLP 7 4.4 20 Cleary Gottlieb Steen & Hamilton 9 3.7 12,160 19 15 1.4 2.3 Paul Weiss Rifkind Wharton & Garrison 16 1.7 20 Gibson Dunn & Crutcher 10 3.1 10,150 19 5 4.6 (1.5) Cleary Gottlieb Steen & Hamilton 9 3.7 19 Shearman & Sterling LLP 11 2.4 7,778 21 22 1.0 1.4 Gibson Dunn & Crutcher 10 3.1 19 Jones Day 12 2.1 6,910 16 10 2.5 (0.4) Sullivan & Cromwell 8 3.7 16 Ropes & Gray 13 2.0 6,473 13 13 1.5 0.5 Jones Day 12 2.1 16 McGuirewoods LLP 14 1.8 6,000 4 61 0.3 1.5 Ropes & Gray 13 2.0 13 Linklaters LLP 15 1.8 5,863 8 19 1.1 0.7 Akin Gump Strauss Hauer & Feld LLP 17 1.4 11 Paul Weiss Rifkind Wharton & Garrison 16 1.7 5,629 20 7 3.6 (1.9) Wachtell Lipton Rosen & Katz 18 1.3 10 Akin Gump Strauss Hauer & Feld LLP 17 1.4 4,563 11 21 1.1 0.3 Cravath Swaine & Moore 22 1.1 10 Wachtell Lipton Rosen & Katz 18 1.3 4,255 10 60 0.3 1.0 Allen & Overy LLP 19 1.3 9 Allen & Overy LLP 19 1.3 4,167 9 30 0.8 0.5 Winston & Strawn 25 0.9 9 Debevoise & Plimpton LLP 20 1.1 3,760 5 12 1.7 (0.6) NautaDutilh 26 0.9 9 TOTAL 100% 330,569 582 352,290 100% TOTAL 100% 582

Includes U.S. issues with a rating of Ba1/BB+ and below. Excludes split-rated, Agency and Sovereign issues. Volume in USD millions.

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Legal League Tables U.S. High Yield Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Cahill Gordon & Reindel 1 28.1 93,778 166 1 32.2 (4.1) Cahill Gordon & Reindel 1 28.1 166 Latham & Watkins LLP 2 13.6 45,207 90 3 8.8 4.8 Latham & Watkins LLP 2 13.6 90 Simpson Thacher & Bartlett 3 8.8 29,350 62 6 4.1 4.7 Simpson Thacher & Bartlett 3 8.8 62 Cravath Swaine & Moore 4 7.3 24,253 35 5 5.5 1.8 Davis Polk & Wardwell 5 6.4 57 Davis Polk & Wardwell 5 6.4 21,223 57 2 9.1 (2.7) Cravath Swaine & Moore 4 7.3 35 Shearman & Sterling LLP 6 4.2 13,873 32 4 8.5 (4.3) Shearman & Sterling LLP 6 4.2 32 Paul Hastings LLP 7 3.8 12,680 18 18 0.7 3.1 Skadden Arps Slate Meagher & Flom 8 2.4 19 Skadden Arps Slate Meagher & Flom 8 2.4 7,880 19 8 3.1 (0.7) Paul Hastings LLP 7 3.8 18 Cleary Gottlieb Steen & Hamilton 9 2.2 7,335 11 9 2.9 (0.7) Vinson & Elkins LLP 10 2.1 15 Vinson & Elkins LLP 10 2.1 7,102 15 12 1.9 0.2 White & Case LLP 19 0.8 14 Morrison & Foerster LLP 11 2.1 7,000 6 30 0.3 1.8 Cleary Gottlieb Steen & Hamilton 9 2.2 11 Baker Botts LLP 12 1.8 6,125 11 13 1.7 0.1 Baker Botts LLP 12 1.8 11 Sullivan & Cromwell 13 1.5 4,850 7 14 1.1 0.4 Weil Gotshal & Manges LLP 15 1.3 10 Allen & Overy LLP 14 1.4 4,832 4 15 1.0 0.4 Milbank Tweed Hadley & McCloy LLP 17 1.0 10 Weil Gotshal & Manges LLP 15 1.3 4,320 10 20 0.5 0.8 Sullivan & Cromwell 13 1.5 7 Sidley Austin LLP 16 1.1 3,550 5 19 0.6 0.5 Morrison & Foerster LLP 11 2.1 6 Milbank Tweed Hadley & McCloy LLP 17 1.0 3,369 10 7 3.4 (2.4) Sidley Austin LLP 16 1.1 5 Pinheiro Neto Advogados 18 0.9 3,125 5 24 0.4 0.5 Pinheiro Neto Advogados 18 0.9 5 White & Case LLP 19 0.8 2,792 14 11 2.2 (1.4) Mayer Brown LLP 21 0.7 5 Elvinger Hoss & Prussen 20 0.8 2,592 3 45 0.1 0.7 Linklaters LLP 22 0.6 5 TOTAL 100% 333,509 603 354,155 100% TOTAL 100% 603

Includes U.S. issues with a rating of Ba1/BB+ and below. Excludes split-rated, Agency and Sovereign issues. Volume in USD millions.

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Legal League Tables Canadian Equity Offerings Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Paul Weiss Rifkind Wharton & Garrison 1 17.6 5,376 20 10 4.9 12.7 Blake Cassels & Graydon LLP 2 11.4 25 Blake Cassels & Graydon LLP 2 11.4 3,487 25 9 4.9 6.5 Burnet Duckworth & Palmer 4 9.1 22 Torys 3 9.2 2,804 9 14 3.1 6.1 Paul Weiss Rifkind Wharton & Garrison 1 17.6 20 Burnet Duckworth & Palmer 4 9.1 2,786 22 4 6.8 2.3 Stikeman Elliott 5 7.3 18 Stikeman Elliott 5 7.3 2,218 18 1 8.9 (1.6) Cassels Brock & Blackwell LLP 13 2.0 17 Goodmans LLP 6 6.2 1,906 16 8 5.5 0.7 Goodmans LLP 6 6.2 16 Osler Hoskin & Harcourt LLP 7 6.2 1,903 16 2 8.3 (2.1) Osler Hoskin & Harcourt LLP 7 6.2 16 McCarthy Tetrault 8 3.5 1,070 16 13 3.8 (0.3) McCarthy Tetrault 8 3.5 16 Norton Rose Fulbright LLP 9 3.4 1,050 11 12 4.3 (0.9) Fasken Martineau DuMoulin LLP 10 2.7 16 Fasken Martineau DuMoulin LLP 10 2.7 812 16 5 6.6 (3.9) Norton Rose Fulbright LLP 9 3.4 11 Davis LLP 11 2.3 695 9 25 0.7 1.6 Borden Ladner Gervais LLP 16 1.5 11 Davies Ward Phillips & Vineberg LLP 12 2.2 677 6 6 5.6 (3.4) Torys 3 9.2 9 Cassels Brock & Blackwell LLP 13 2.0 620 17 15 1.9 0.1 Davis LLP 11 2.3 9 Bennett Jones LLP 14 1.9 575 7 17 1.5 0.4 Bennett Jones LLP 14 1.9 7 Simpson Thacher & Bartlett 15 1.5 458 2 - - - Davies Ward Phillips & Vineberg LLP 12 2.2 6 Borden Ladner Gervais LLP 16 1.5 443 11 19 1.2 0.3 Dentons 19 1.0 6 McMillan LLP 17 1.2 380 5 26 0.7 0.5 Dorsey & Whitney 22 0.8 6 Carter Ledyard & Milburn LLP 18 1.2 369 2 - - - Dumoulin Black LLP 31 0.2 6 Dentons 19 1.0 309 6 23 0.8 0.2 McMillan LLP 17 1.2 5 Clark Wilson LLP 20 0.9 265 3 20 1.1 (0.2) Gowling Lafleur Henderson 26 0.4 5 TOTAL 100% 30,530 271 26,607 100% TOTAL 100% 271

Includes all eligible common equity and income trust offerings from Canadian issuers. Volume in USD millions.

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Legal League Tables Canadian Equity Offerings Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT McCarthy Tetrault 1 12.9 3,834 22 8 3.9 9.0 Stikeman Elliott 2 12.0 38 Stikeman Elliott 2 12.0 3,572 38 1 18.2 (6.2) Blake Cassels & Graydon LLP 4 8.9 26 Burnet Duckworth & Palmer 3 9.5 2,846 11 10 3.5 6.0 Cassels Brock & Blackwell LLP 12 3.3 24 Blake Cassels & Graydon LLP 4 8.9 2,650 26 2 15.1 (6.2) McCarthy Tetrault 1 12.9 22 Skadden Arps Slate Meagher & Flom 5 6.6 1,965 9 5 6.5 0.1 Dentons 7 5.6 16 Dorsey & Whitney 6 6.5 1,945 3 - - - Torys 8 4.5 16 Dentons 7 5.6 1,661 16 6 4.6 1.0 Miller Thomson LLP 26 0.3 13 Torys 8 4.5 1,331 16 4 9.3 (4.8) Norton Rose Fulbright LLP 10 3.6 12 Paul Weiss Rifkind Wharton & Garrison 9 3.9 1,173 9 27 0.3 3.6 Burnet Duckworth & Palmer 3 9.5 11 Norton Rose Fulbright LLP 10 3.6 1,073 12 13 2.1 1.5 Fasken Martineau DuMoulin LLP 13 3.0 11 Wildeboer Dellelce LLP 11 3.3 993 8 16 1.5 1.8 Bennett Jones LLP 17 1.9 11 Cassels Brock & Blackwell LLP 12 3.3 973 24 20 0.8 2.5 Skadden Arps Slate Meagher & Flom 5 6.6 9 Fasken Martineau DuMoulin LLP 13 3.0 888 11 21 0.6 2.4 Paul Weiss Rifkind Wharton & Garrison 9 3.9 9 Shearman & Sterling LLP 14 2.9 851 5 - - - Osler Hoskin & Harcourt LLP 16 2.1 9 Vinson & Elkins LLP 15 2.3 675 1 - - - Borden Ladner Gervais LLP 21 0.5 9 Osler Hoskin & Harcourt LLP 16 2.1 633 9 3 9.6 (7.5) Wildeboer Dellelce LLP 11 3.3 8 Bennett Jones LLP 17 1.9 559 11 9 3.7 (1.8) Lavery de Billy 20 0.9 6 Burstall Winger LLP 18 1.5 452 1 14 1.6 (0.1) Shearman & Sterling LLP 14 2.9 5 Goodmans LLP 19 1.4 428 4 12 2.8 (1.4) Goodmans LLP 19 1.4 4 Lavery de Billy 20 0.9 272 6 - - - Dorsey & Whitney 6 6.5 3 TOTAL 100% 29,809 261 25,523 100% TOTAL 100% 261

Includes all eligible common equity and income trust offerings from Canadian issuers. Volume in USD millions.

LEAG LREP LMX LALT LEAG LREP

Legal League Tables Canadian Equity Offerings Issuer Advisers (IPO) Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Blake Cassels & Graydon LLP 1 22.1 857 3 14 0.9 21.2 Fasken Martineau DuMoulin LLP 5 11.9 4 Paul Weiss Rifkind Wharton & Garrison 2 19.9 769 1 4 7.8 12.1 Blake Cassels & Graydon LLP 1 22.1 3 Stikeman Elliott 3 15.5 600 2 5 6.7 8.8 Stikeman Elliott 3 15.5 2 Osler Hoskin & Harcourt LLP 4 13.1 507 2 13 1.5 11.6 Osler Hoskin & Harcourt LLP 4 13.1 2 Fasken Martineau DuMoulin LLP 5 11.9 460 4 1 35.7 (23.8) Chitiz Pathak LLP 14 0.0 2 Simpson Thacher & Bartlett 6 10.8 416 1 - - - Burstall Winger LLP 18 0.0 2 Dentons 7 2.7 106 1 24 - 2.7 Paul Weiss Rifkind Wharton & Garrison 2 19.9 1 Skadden Arps Slate Meagher & Flom 8 2.4 91 1 - - - Simpson Thacher & Bartlett 6 10.8 1 McCarthy Tetrault 9 0.5 21 1 12 1.6 (1.1) Dentons 7 2.7 1 Wilson Sonsini Goodrich & Rosati 9 0.5 21 1 - - - Skadden Arps Slate Meagher & Flom 8 2.4 1 AIRD & Berlis LLP 11 0.3 12 1 31 - 0.3 McCarthy Tetrault 9 0.5 1 McLeod & Co 12 0.1 2 1 - - - Wilson Sonsini Goodrich & Rosati 9 0.5 1 BCF LLP 13 0.0 2 1 - - - AIRD & Berlis LLP 11 0.3 1 Chitiz Pathak LLP 14 0.0 1 2 29 - - McLeod & Co 12 0.1 1 Goodmans LLP 15 0.0 1 1 2 13.7 (13.7) BCF LLP 13 0.0 1 Boyle & Co LLP 16 0.0 1 1 - - - Goodmans LLP 15 0.0 1 Morton & Co 17 0.0 1 1 - - - Boyle & Co LLP 16 0.0 1 Burstall Winger LLP 18 0.0 1 2 39 - - Morton & Co 17 0.0 1 Irwin Lowy LLP 19 0.0 1 1 38 - - Irwin Lowy LLP 19 0.0 1 Wildeboer Dellelce LLP 20 0.0 0 1 - - - Wildeboer Dellelce LLP 20 0.0 1 TOTAL 100% 3,870 30 4,359 100% TOTAL 100% 30

Includes all eligible common equity and income trust initial public offerings from Canadian issuers. Volume in USD millions.

LEAG LREP LMX LALT LEAG LREP

Legal League Tables Canadian Equity Offerings Manager Advisers (IPO) Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Blake Cassels & Graydon LLP 1 23.6 913 3 1 29.2 (5.6) Miller Thomson LLP 12 0.1 6 Burnet Duckworth & Palmer 2 19.9 769 1 24 - 19.9 Blake Cassels & Graydon LLP 1 23.6 3 Dorsey & Whitney 2 19.9 769 1 - - - Borden Ladner Gervais LLP 10 0.9 3 Skadden Arps Slate Meagher & Flom 4 10.8 416 1 - - - Cassels Brock & Blackwell LLP 5 6.8 2 Cassels Brock & Blackwell LLP 5 6.8 265 2 - - - Stikeman Elliott 6 5.5 2 Stikeman Elliott 6 5.5 211 2 5 7.6 (2.1) Norton Rose Fulbright LLP 7 4.7 2 Norton Rose Fulbright LLP 7 4.7 183 2 - - - Paul Weiss Rifkind Wharton & Garrison 7 4.7 2 Paul Weiss Rifkind Wharton & Garrison 7 4.7 183 2 - - - Bennett Jones LLP 9 2.6 2 Bennett Jones LLP 9 2.6 100 2 - - - Davis LLP 17 0.0 2 Borden Ladner Gervais LLP 10 0.9 33 3 - - - Burnet Duckworth & Palmer 2 19.9 1 Cooley LLP 11 0.5 21 1 - - - Dorsey & Whitney 2 19.9 1 Miller Thomson LLP 12 0.1 2 6 12 0.3 (0.2) Skadden Arps Slate Meagher & Flom 4 10.8 1 McCarthy Tetrault 13 0.1 2 1 6 5.2 (5.1) Cooley LLP 11 0.5 1 AIRD & Berlis LLP 14 0.0 1 1 - - - McCarthy Tetrault 13 0.1 1 Fogler Rubinoff LLP 15 0.0 1 1 15 0.2 (0.2) AIRD & Berlis LLP 14 0.0 1 Anfield Sujir Kennedy & Durno 16 0.0 1 1 14 0.2 (0.2) Fogler Rubinoff LLP 15 0.0 1 Davis LLP 17 0.0 1 2 16 0.1 (0.1) Anfield Sujir Kennedy & Durno 16 0.0 1 McMillan LLP 18 0.0 0 1 - - - McMillan LLP 18 0.0 1 Lavery de Billy 19 0.0 0 1 - - - Lavery de Billy 19 0.0 1 Getz Prince Wells 20 0.0 0 1 20 - - Getz Prince Wells 20 0.0 1 TOTAL 100% 3,870 30 2,930 100% TOTAL 100% 30

Includes all eligible common equity and income trust initial public offerings from Canadian issuers. Volume in USD millions.

LEAG LREP LMX LALT LEAG LREP

Legal League Tables Canadian Eqty/Eql Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Paul Weiss Rifkind Wharton & Garrison 1 17.0 5,474 22 11 4.6 12.4 Blake Cassels & Graydon LLP 2 11.7 26 Blake Cassels & Graydon LLP 2 11.7 3,762 26 9 4.8 6.9 Burnet Duckworth & Palmer 3 9.0 24 Burnet Duckworth & Palmer 3 9.0 2,901 24 5 6.2 2.8 Paul Weiss Rifkind Wharton & Garrison 1 17.0 22 Torys 4 8.7 2,804 9 14 2.8 5.9 Stikeman Elliott 5 7.2 21 Stikeman Elliott 5 7.2 2,330 21 1 9.1 (1.9) McCarthy Tetrault 8 4.1 19 Osler Hoskin & Harcourt LLP 6 6.3 2,019 17 4 7.0 (0.7) Fasken Martineau DuMoulin LLP 10 2.9 18 Goodmans LLP 7 6.0 1,938 17 6 6.1 (0.1) Cassels Brock & Blackwell LLP 13 2.0 18 McCarthy Tetrault 8 4.1 1,325 19 13 3.3 0.8 Osler Hoskin & Harcourt LLP 6 6.3 17 Norton Rose Fulbright LLP 9 3.3 1,050 11 8 4.9 (1.6) Goodmans LLP 7 6.0 17 Fasken Martineau DuMoulin LLP 10 2.9 944 18 7 5.7 (2.8) Borden Ladner Gervais LLP 15 1.6 12 Davis LLP 11 2.2 695 9 29 0.6 1.6 Norton Rose Fulbright LLP 9 3.3 11 Davies Ward Phillips & Vineberg LLP 12 2.1 677 6 2 7.8 (5.7) Torys 4 8.7 9 Cassels Brock & Blackwell LLP 13 2.0 641 18 16 1.8 0.2 Davis LLP 11 2.2 9 Bennett Jones LLP 14 1.8 575 7 17 1.7 0.1 Bennett Jones LLP 14 1.8 7 Borden Ladner Gervais LLP 15 1.6 515 12 20 1.0 0.6 Davies Ward Phillips & Vineberg LLP 12 2.1 6 Simpson Thacher & Bartlett 16 1.4 458 2 - - - McMillan LLP 17 1.2 6 McMillan LLP 17 1.2 384 6 30 0.6 0.6 Dentons 19 1.0 6 Carter Ledyard & Milburn LLP 18 1.1 369 2 - - - Dorsey & Whitney 22 0.7 6 Dentons 19 1.0 309 6 27 0.7 0.3 Gowling Lafleur Henderson 25 0.6 6 Clark Wilson LLP 20 0.8 265 3 22 1.0 (0.2) Dumoulin Black LLP 34 0.2 6 TOTAL 100% 32,222 295 31,502 100% TOTAL 100% 295

Includes all eligible equity & equity-linked offerings from Canadian issuers. Volume in USD millions.

LEAG LREP LMX LALT LEAG LREP

Legal League Tables Canadian Eqty/Eql Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT McCarthy Tetrault 1 12.8 4,039 26 7 3.9 8.9 Stikeman Elliott 2 11.6 40 Stikeman Elliott 2 11.6 3,648 40 1 19.2 (7.6) Blake Cassels & Graydon LLP 4 9.2 30 Burnet Duckworth & Palmer 3 9.3 2,915 12 9 3.3 6.0 McCarthy Tetrault 1 12.8 26 Blake Cassels & Graydon LLP 4 9.2 2,887 30 2 14.5 (5.3) Cassels Brock & Blackwell LLP 12 3.3 26 Skadden Arps Slate Meagher & Flom 5 6.2 1,965 9 5 6.4 (0.2) Torys 8 4.8 18 Dorsey & Whitney 6 6.2 1,945 3 - - - Dentons 7 5.3 16 Dentons 7 5.3 1,661 16 6 4.1 1.2 Miller Thomson LLP 27 0.3 14 Torys 8 4.8 1,514 18 3 10.0 (5.2) Norton Rose Fulbright LLP 11 3.6 13 Wildeboer Dellelce LLP 9 4.0 1,268 9 17 1.3 2.7 Burnet Duckworth & Palmer 3 9.3 12 Paul Weiss Rifkind Wharton & Garrison 10 3.7 1,173 9 12 3.1 0.6 Fasken Martineau DuMoulin LLP 13 2.9 12 Norton Rose Fulbright LLP 11 3.6 1,136 13 14 2.1 1.5 Bennett Jones LLP 17 1.9 12 Cassels Brock & Blackwell LLP 12 3.3 1,039 26 21 0.8 2.5 Skadden Arps Slate Meagher & Flom 5 6.2 9 Fasken Martineau DuMoulin LLP 13 2.9 919 12 22 0.5 2.4 Wildeboer Dellelce LLP 9 4.0 9 Shearman & Sterling LLP 14 2.7 851 5 - - - Paul Weiss Rifkind Wharton & Garrison 10 3.7 9 Vinson & Elkins LLP 15 2.1 675 1 - - - Osler Hoskin & Harcourt LLP 16 2.0 9 Osler Hoskin & Harcourt LLP 16 2.0 633 9 4 9.0 (7.0) Borden Ladner Gervais LLP 23 0.5 9 Bennett Jones LLP 17 1.9 591 12 11 3.2 (1.3) Lavery de Billy 21 0.9 6 Burstall Winger LLP 18 1.4 452 1 15 1.4 - Shearman & Sterling LLP 14 2.7 5 Goodmans LLP 19 1.4 428 4 13 2.5 (1.1) Goodmans LLP 19 1.4 4 Davis Polk & Wardwell 20 1.1 355 4 16 1.4 (0.3) Davis Polk & Wardwell 20 1.1 4 TOTAL 100% 31,445 284 30,418 100% TOTAL 100% 284

Includes all eligible equity & equity-linked offerings from Canadian issuers. Volume in USD millions.

LEAG LREP LMX LALT LEAG LREP

Legal League Tables Canadian Eqty/Eql/Pfd Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Blake Cassels & Graydon LLP 1 13.2 5,508 34 1 8.9 4.3 Blake Cassels & Graydon LLP 1 13.2 34 Paul Weiss Rifkind Wharton & Garrison 2 13.2 5,474 22 13 4.0 9.2 McCarthy Tetrault 4 10.1 28 Torys 3 11.6 4,822 18 10 4.4 7.2 Burnet Duckworth & Palmer 6 7.0 24 McCarthy Tetrault 4 10.1 4,192 28 4 6.6 3.5 Paul Weiss Rifkind Wharton & Garrison 2 13.2 22 Osler Hoskin & Harcourt LLP 5 7.1 2,939 20 5 6.3 0.8 Stikeman Elliott 7 6.0 22 Burnet Duckworth & Palmer 6 7.0 2,901 24 7 5.3 1.7 Osler Hoskin & Harcourt LLP 5 7.1 20 Stikeman Elliott 7 6.0 2,516 22 2 8.3 (2.3) Cassels Brock & Blackwell LLP 13 1.7 19 Goodmans LLP 8 4.7 1,938 17 8 5.2 (0.5) Torys 3 11.6 18 Norton Rose Fulbright LLP 9 4.4 1,834 15 11 4.2 0.2 Fasken Martineau DuMoulin LLP 11 2.3 18 Davies Ward Phillips & Vineberg LLP 10 2.3 953 7 3 7.0 (4.7) Goodmans LLP 8 4.7 17 Fasken Martineau DuMoulin LLP 11 2.3 944 18 9 4.8 (2.5) Norton Rose Fulbright LLP 9 4.4 15 Borden Ladner Gervais LLP 12 1.8 735 13 22 1.0 0.8 Borden Ladner Gervais LLP 12 1.8 13 Cassels Brock & Blackwell LLP 13 1.7 711 19 17 1.6 0.1 Davis LLP 14 1.7 9 Davis LLP 14 1.7 695 9 29 0.5 1.2 Davies Ward Phillips & Vineberg LLP 10 2.3 7 Bennett Jones LLP 15 1.4 575 7 15 2.9 (1.5) Bennett Jones LLP 15 1.4 7 Simpson Thacher & Bartlett 16 1.1 458 2 - - - McMillan LLP 17 0.9 6 McMillan LLP 17 0.9 384 6 30 0.5 0.4 Dentons 19 0.7 6 Carter Ledyard & Milburn LLP 18 0.9 369 2 - - - Dorsey & Whitney 23 0.6 6 Dentons 19 0.7 309 6 28 0.6 0.1 Gowling Lafleur Henderson 26 0.4 6 McInnes Cooper 20 0.7 307 2 16 2.6 (1.9) Dumoulin Black LLP 35 0.2 6 TOTAL 100% 41,597 332 36,929 100% TOTAL 100% 332

Includes all eligible common equity, income trust, convertible and preferred offerings from Canadian issuers. Volume in USD millions.

LEAG LREP LMX LALT LEAG LREP

Legal League Tables Canadian Eqty/Eql/Pfd Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT McCarthy Tetrault 1 14.3 5,833 33 9 3.8 10.5 Stikeman Elliott 2 12.4 45 Stikeman Elliott 2 12.4 5,080 45 1 17.0 (4.6) McCarthy Tetrault 1 14.3 33 Blake Cassels & Graydon LLP 3 7.5 3,073 31 2 14.3 (6.8) Blake Cassels & Graydon LLP 3 7.5 31 Dentons 4 7.2 2,944 20 5 7.4 (0.2) Cassels Brock & Blackwell LLP 14 2.5 26 Burnet Duckworth & Palmer 5 7.1 2,915 12 12 3.0 4.1 Torys 6 6.0 21 Torys 6 6.0 2,462 21 3 8.5 (2.5) Dentons 4 7.2 20 Fasken Martineau DuMoulin LLP 7 5.3 2,168 17 22 0.4 4.9 Fasken Martineau DuMoulin LLP 7 5.3 17 Skadden Arps Slate Meagher & Flom 8 4.8 1,965 9 7 5.4 (0.6) Norton Rose Fulbright LLP 10 3.8 14 Dorsey & Whitney 9 4.8 1,945 3 - - - Bennett Jones LLP 16 2.2 14 Norton Rose Fulbright LLP 10 3.8 1,551 14 6 5.4 (1.6) Miller Thomson LLP 28 0.3 14 Wildeboer Dellelce LLP 11 3.7 1,498 11 15 1.4 2.3 Burnet Duckworth & Palmer 5 7.1 12 Goodmans LLP 12 3.5 1,424 8 8 4.1 (0.6) Wildeboer Dellelce LLP 11 3.7 11 Paul Weiss Rifkind Wharton & Garrison 13 2.9 1,173 9 14 2.6 0.3 Osler Hoskin & Harcourt LLP 15 2.4 11 Cassels Brock & Blackwell LLP 14 2.5 1,039 26 21 0.6 1.9 Skadden Arps Slate Meagher & Flom 8 4.8 9 Osler Hoskin & Harcourt LLP 15 2.4 968 11 4 8.1 (5.7) Paul Weiss Rifkind Wharton & Garrison 13 2.9 9 Bennett Jones LLP 16 2.2 914 14 10 3.8 (1.6) Borden Ladner Gervais LLP 24 0.4 9 Shearman & Sterling LLP 17 2.1 851 5 - - - Goodmans LLP 12 3.5 8 Vinson & Elkins LLP 18 1.7 675 1 - - - Lavery de Billy 21 0.7 6 Burstall Winger LLP 19 1.1 452 1 16 1.2 (0.1) Shearman & Sterling LLP 17 2.1 5 Davis Polk & Wardwell 20 0.9 355 4 17 1.2 (0.3) Davis Polk & Wardwell 20 0.9 4 TOTAL 100% 40,821 321 35,845 100% TOTAL 100% 321

Includes all eligible common equity, income trust, convertible and preferred offerings from Canadian issuers. Volume in USD millions.

LEAG LREP LMX LALT LEAG LREP

Legal League Tables Canadian Retail Struc. Products Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Torys 1 24.7 615 1 10 1.5 23.2 Blake Cassels & Graydon LLP 2 23.0 15 Blake Cassels & Graydon LLP 2 23.0 572 15 2 19.5 3.5 Osler Hoskin & Harcourt LLP 4 10.6 9 Fasken Martineau DuMoulin LLP 3 12.0 299 4 6 6.8 5.2 Stikeman Elliott 5 8.1 6 Osler Hoskin & Harcourt LLP 4 10.6 264 9 5 7.7 2.9 Borden Ladner Gervais LLP 6 7.4 6 Stikeman Elliott 5 8.1 201 6 1 29.0 (20.9) Fasken Martineau DuMoulin LLP 3 12.0 4 Borden Ladner Gervais LLP 6 7.4 185 6 3 12.2 (4.8) McCarthy Tetrault 7 4.9 4 McCarthy Tetrault 7 4.9 121 4 4 10.5 (5.6) Torys 1 24.7 1 Norton Rose Fulbright LLP 8 2.7 67 1 7 3.4 (0.7) Norton Rose Fulbright LLP 8 2.7 1 Davies Ward Phillips & Vineberg LLP 9 2.0 50 1 13 1.2 0.8 Davies Ward Phillips & Vineberg LLP 9 2.0 1 Burnet Duckworth & Palmer 10 1.5 36 1 12 1.3 0.2 Burnet Duckworth & Palmer 10 1.5 1 Cassels Brock & Blackwell LLP 11 0.9 23 1 11 1.4 (0.5) Cassels Brock & Blackwell LLP 11 0.9 1 McMillan LLP 12 0.9 22 1 - - - McMillan LLP 12 0.9 1 Baker & McKenzie 13 0.7 18 1 - - - Baker & McKenzie 13 0.7 1 Heenan Blaikie 14 0.5 12 1 14 0.3 0.2 Heenan Blaikie 14 0.5 1 TOTAL 100% 2,486 51 3,227 100% TOTAL 100% 51

Includes all eligible retail structured product offerings from Canadian issuers. Volume in USD millions.

LEAG LREP LMX LALT LEAG LREP

Legal League Tables Canadian Retail Struc. Products Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Blake Cassels & Graydon LLP 1 42.0 1,042 10 5 9.9 32.1 McCarthy Tetrault 2 32.8 20 McCarthy Tetrault 2 32.8 814 20 1 33.6 (0.8) Blake Cassels & Graydon LLP 1 42.0 10 Osler Hoskin & Harcourt LLP 3 10.7 265 3 3 17.4 (6.7) Stikeman Elliott 4 6.7 6 Stikeman Elliott 4 6.7 166 6 2 18.0 (11.3) Wildeboer Dellelce LLP 5 4.6 6 Wildeboer Dellelce LLP 5 4.6 114 6 7 1.7 2.9 Fasken Martineau DuMoulin LLP 6 3.1 5 Fasken Martineau DuMoulin LLP 6 3.1 77 5 4 12.7 (9.6) Osler Hoskin & Harcourt LLP 3 10.7 3 TOTAL 100% 2,480 50 3,187 100% TOTAL 100% 50

Includes all eligible retail structured product offerings from Canadian issuers. Volume in USD millions.

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Underwriter League Tables

Canadian Corporates Issuer Advisers

1/1/14 - 12/31/14 2014 2013 MKT INDUSTRY BREAKDOWN MKT SHARE FIRM RANK MKT VOLUME DISCL DEAL RANK SHARE CAD (Mln) FEES (%)* COUNT SHARE CHG (%) McCarthy Tetrault 1 17.0 8,619 n/a 27 1 17.1 (0.1) Norton Rose Fulbright LLP 2 10.7 5,442 n/a 31 2 12.7 (2.0) Torys 3 10.3 5,210 n/a 20 3 9.5 0.8 Osler Hoskin & Harcourt LLP 4 9.8 4,983 n/a 18 5 8.3 1.5 Stikeman Elliott 5 6.0 3,050 n/a 12 7 6.6 (0.6) Fasken Martineau DuMoulin LLP 6 5.0 2,545 n/a 6 11 2.1 2.9 Basic Materials 2.77% 7 4.3 2,200 n/a 8 13 1.6 2.7 Davies Ward Phillips & Vineberg LLP Consumer Prod/Svcs 10.30% Allen & Overy LLP 8 4.3 2,163 n/a 17 4 8.4 (4.1) Financial 46.14% Industrial 2.97% Blake Cassels & Graydon LLP 9 4.1 2,100 n/a 6 8 4.5 (0.4) Oil/Gas/Elect 24.89% Bennett Jones LLP 10 3.6 1,813 n/a 5 12 1.9 1.7 Tech/Comm 12.94% Borden Ladner Gervais LLP 11 2.4 1,207 n/a 5 6 7.7 (5.3) Total: 100.00% Ashurst LLP 12 2.3 1,167 n/a 3 16 1.3 1.0 Paul Weiss Rifkind Wharton & Garrison 13 2.3 1,148 n/a 5 23 0.8 1.5 Dentons 14 2.1 1,075 n/a 4 17 1.1 1.0 QUARTERLY VOLUME Willkie Farr & Gallagher 15 2.1 1,067 n/a 5 24 0.6 1.5 CAD (Mln) / #Deals Parlee McLaws LLP 16 2.0 1,000 n/a 2 18 1.0 1.0 18,000 60 Sullivan & Cromwell 17 1.8 925 n/a 3 9 3.1 (1.3) 55 Burnet Duckworth & Palmer 18 1.8 900 n/a 2 18 1.0 0.8 16,000 50 Davis Polk & Wardwell 19 1.5 750 n/a 1 21 0.9 0.6 14,000 45 Skadden Arps Slate Meagher & Flom 20 1.4 700 n/a 1 13 1.6 (0.2) 12,000 40 TOTAL 100% 50,691 0.40 153 52,333 100% 35 * Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this value 10,000 30 8,000 25

6,000 20 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q

2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 2014 2014 2014 2014

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Underwriter League Tables

Canadian Corporates Manager Advisers

1/1/14 - 12/31/14 2014 2013 MKT INDUSTRY BREAKDOWN MKT SHARE FIRM RANK MKT VOLUME DISCL DEAL RANK SHARE CAD (Mln) FEES (%)* COUNT SHARE CHG (%) Stikeman Elliott 1 19.2 9,376 n/a 20 1 27.4 (8.2) Osler Hoskin & Harcourt LLP 2 13.8 6,743 n/a 19 2 12.8 1.0 McCarthy Tetrault 3 11.7 5,707 n/a 17 7 5.3 6.4 Blake Cassels & Graydon LLP 4 11.1 5,428 n/a 22 5 7.0 4.1 Dentons 5 7.4 3,615 n/a 12 9 2.7 4.7 Torys 6 7.2 3,520 n/a 12 6 6.7 0.5 Basic Materials 2.88% 7 3.6 1,750 n/a 3 16 1.0 2.6 Burnet Duckworth & Palmer Consumer Prod/Svcs 9.19% Allen & Overy LLP 8 2.4 1,150 n/a 3 14 1.8 0.6 Financial 46.25% Industrial 3.08% Goodmans LLP 9 2.3 1,140 n/a 4 4 8.2 (5.9) Oil/Gas/Elect 25.65% Norton Rose Fulbright LLP 10 2.3 1,124 n/a 14 3 8.6 (6.3) Tech/Comm 12.94% Skadden Arps Slate Meagher & Flom 11 2.2 1,050 n/a 5 13 1.8 0.4 Total: 100.00% Bennett Jones LLP 12 1.9 950 n/a 2 11 2.5 (0.6) Lavery de Billy 13 1.7 850 n/a 4 15 1.1 0.6 McMillan LLP 14 1.6 800 n/a 1 - - - QUARTERLY VOLUME Sidley Austin LLP 15 1.5 750 n/a 1 23 0.5 1.0 CAD (Mln) / #Deals Cleary Gottlieb Steen & Hamilton 16 1.4 700 n/a 1 - - - 16,000 60 Shearman & Sterling LLP 17 1.3 625 n/a 2 12 2.0 (0.7) 15,000 55 18 1.2 575 n/a 2 19 0.8 0.4 Clifford Chance LLP 14,000 50 Borden Ladner Gervais LLP 19 1.0 500 n/a 1 - - - 13,000 45 Katten Muchin Rosenman LLP 20 0.9 426 n/a 1 - - - 12,000 40 TOTAL 100% 48,805 0.40 148 49,486 100% 11,000 35 * Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this value 10,000 30 9,000

8,000 25

7,000 20 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q

2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 2014 2014 2014 2014

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Legal League Tables EMEA Equity IPO Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Latham & Watkins LLP 1 15.4 9,515 7 6 4.9 10.5 Freshfields Bruckhaus Deringer 2 12.9 13 Freshfields Bruckhaus Deringer 2 12.9 7,978 13 3 9.8 3.1 Davis Polk & Wardwell 6 3.7 10 Allen & Overy LLP 3 7.9 4,925 6 17 1.6 6.3 White & Case LLP 5 3.8 9 Clifford Chance LLP 4 7.5 4,662 6 15 1.8 5.7 Latham & Watkins LLP 1 15.4 7 White & Case LLP 5 3.8 2,341 9 5 6.8 (3.0) Allen & Overy LLP 3 7.9 6 Davis Polk & Wardwell 6 3.7 2,306 10 2 9.9 (6.2) Clifford Chance LLP 4 7.5 6 Herbert Smith Freehills 7 3.7 2,285 4 - - - Linklaters LLP 8 3.5 5 Linklaters LLP 8 3.5 2,142 5 4 9.0 (5.5) Advokatfirman Vinge KB 17 1.4 5 Al Tamimi & Co 9 2.6 1,607 4 - - - Meitar Liquornik Geva & Co 48 0.3 5 Travers Smith 10 2.2 1,361 4 - - - Herbert Smith Freehills 7 3.7 4 Shearman & Sterling LLP 11 1.9 1,194 3 43 0.3 1.6 Al Tamimi & Co 9 2.6 4 Loyens & Loeff 12 1.7 1,041 2 - - - Travers Smith 10 2.2 4 Ropes & Gray 13 1.6 1,012 1 - - - Advokatfirmaet Thommessen AS 20 1.1 4 J&A Garrigues SLp 14 1.4 879 1 - - - Skadden Arps Slate Meagher & Flom 43 0.4 4 Bonelli Erede Pappalardo 15 1.4 878 2 - - - Shearman & Sterling LLP 11 1.9 3 Gorrissen Federspiel Kierkegaard 16 1.4 876 1 20 1.1 0.3 Mannheimer Swartling 28 0.8 3 Advokatfirman Vinge KB 17 1.4 854 5 39 0.4 1.0 Weil Gotshal & Manges LLP 31 0.7 3 Cuatrecasas Goncalves Pereira 18 1.4 837 1 - - - Jones Day 63 0.2 3 Niederer Kraft & Frey 19 1.3 804 1 - - - Norton Rose Fulbright LLP 67 0.1 3 Advokatfirmaet Thommessen AS 20 1.1 706 4 62 - 1.1 NCTM Studio Legale Associato 80 0.1 3 TOTAL 100% 61,959 138 22,205 100% TOTAL 100% 138

Includes all eligible equity initial public offerings from European, Middle Eastern and African issuers. Volume in USD millions.

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Legal League Tables EMEA Equity IPO Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Linklaters LLP 1 24.1 13,559 18 1 23.3 0.8 Linklaters LLP 1 24.1 18 White & Case LLP 2 6.9 3,869 11 6 7.5 (0.6) White & Case LLP 2 6.9 11 Davis Polk & Wardwell 3 6.3 3,573 8 20 0.7 5.6 Davis Polk & Wardwell 3 6.3 8 Allen & Overy LLP 4 6.3 3,525 4 8 4.8 1.5 Latham & Watkins LLP 6 5.4 7 Herbert Smith Freehills 5 5.6 3,160 5 17 0.8 4.8 Clifford Chance LLP 7 5.0 6 Latham & Watkins LLP 6 5.4 3,033 7 4 8.1 (2.7) Herbert Smith Freehills 5 5.6 5 Clifford Chance LLP 7 5.0 2,795 6 7 7.5 (2.5) Gornitzky & Co 37 0.3 5 Covington & Burling 8 4.3 2,423 4 - - - Allen & Overy LLP 4 6.3 4 Freshfields Bruckhaus Deringer 9 3.4 1,933 4 2 13.6 (10.2) Covington & Burling 8 4.3 4 Cleary Gottlieb Steen & Hamilton 10 3.3 1,883 3 - - - Freshfields Bruckhaus Deringer 9 3.4 4 Uria Menendez Law Firm 11 2.2 1,213 3 - - - Cleary Gottlieb Steen & Hamilton 10 3.3 3 Plesner Svane Gronborg 12 2.1 1,163 2 - - - Uria Menendez Law Firm 11 2.2 3 Advokatfirman Hammarskiold & Co 13 2.0 1,146 3 - - - Advokatfirman Hammarskiold & Co 13 2.0 3 NautaDutilh 14 1.9 1,086 3 16 0.9 1.0 NautaDutilh 14 1.9 3 Simmons & Simmons 15 1.9 1,056 2 - - - Paul Hastings LLP 18 1.2 3 Arendt & Medernach 16 1.8 996 1 - - - Ashurst LLP 27 0.7 3 Lenz & Staehelin 17 1.4 804 1 - - - Wiersholm Advokatfirma AS 28 0.6 3 Paul Hastings LLP 18 1.2 674 3 23 0.5 0.7 Skadden Arps Slate Meagher & Flom 32 0.5 3 Sullivan & Cromwell 19 1.1 596 2 - - - Norton Rose Fulbright LLP 35 0.4 3 Greenberg Traurig LLP 20 0.9 534 1 28 0.2 0.7 Plesner Svane Gronborg 12 2.1 2 TOTAL 100% 56,313 112 21,391 100% TOTAL 100% 112

Includes all eligible equity initial public offerings from European, Middle Eastern and African issuers. Volume in USD millions.

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Legal League Tables AIM Equity IPO Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Linklaters LLP 1 28.6 277 2 - - - Linklaters LLP 1 28.6 2 Eversheds 2 16.5 160 1 - - - Dechert 6 6.1 2 Addleshaw Goddard 3 13.0 126 1 - - - Chiomenti Studio Legale 7 4.1 2 Appleby 4 8.0 78 1 - - - Eversheds 2 16.5 1 DLA Piper LLP 4 8.0 78 1 1 88.3 (80.3) Addleshaw Goddard 3 13.0 1 Dechert 6 6.1 59 2 - - - Appleby 4 8.0 1 Chiomenti Studio Legale 7 4.1 39 2 - - - DLA Piper LLP 4 8.0 1 Clayton Utz 8 2.3 23 1 - - - Clayton Utz 8 2.3 1 Ogier 8 2.3 23 1 - - - Ogier 8 2.3 1 Khaitan & Co 10 1.9 18 1 - - - Khaitan & Co 10 1.9 1 Osborne Clarke Europe OWA 10 1.9 18 1 - - - Osborne Clarke Europe OWA 10 1.9 1 Berwin Leighton Paisner 12 1.7 17 1 - - - Berwin Leighton Paisner 12 1.7 1 Lipa Meir & Co 12 1.7 17 1 - - - Lipa Meir & Co 12 1.7 1 Travers Smith 14 1.7 16 1 - - - Travers Smith 14 1.7 1 Conyers Dill & Pearman 15 1.0 10 1 - - - Conyers Dill & Pearman 15 1.0 1 Simmons & Simmons 16 0.9 9 1 - - - Simmons & Simmons 16 0.9 1 Gianni Origoni & Partners 17 0.1 1 1 - - - Gianni Origoni & Partners 17 0.1 1 Studio Legale Commerciale Bovesi Cartwri 17 0.1 1 1 - - - Studio Legale Commerciale Bovesi Cartwri 17 0.1 1 TOTAL 100% 969 15 342 100% TOTAL 100% 15

Includes all eligible equity initial public offerings listed on the AIM London Stock Exchange. Volume in USD millions.

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Legal League Tables AIM Equity IPO Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT White & Case LLP 1 28.3 335 1 - - - Travers Smith 2 23.4 4 Travers Smith 2 23.4 277 4 - - - White & Case LLP 1 28.3 1 DWF Solicitors Ltd 3 13.5 160 1 - - - DWF Solicitors Ltd 3 13.5 1 Hogan Lovells 4 13.2 156 1 - - - Hogan Lovells 4 13.2 1 Dechert 5 10.7 126 1 - - - Dechert 5 10.7 1 DLA Piper LLP 6 5.7 68 1 - - - DLA Piper LLP 6 5.7 1 Macfarlanes 7 3.1 37 1 - - - Macfarlanes 7 3.1 1 Addleshaw Goddard 8 1.4 16 1 - - - Addleshaw Goddard 8 1.4 1 Berwin Leighton Paisner 9 0.7 8 1 - - - Berwin Leighton Paisner 9 0.7 1 TOTAL 100% 1,181 12 88 100% TOTAL 100% 12

Includes all eligible equity initial public offerings listed on the AIM London Stock Exchange. Volume in USD millions.

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Legal League Tables Euromarket Bonds Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Allen & Overy LLP 1 16.5 167,680 292 2 15.8 0.7 Allen & Overy LLP 1 16.5 292 Clifford Chance LLP 2 15.7 159,882 286 1 22.0 (6.3) Clifford Chance LLP 2 15.7 286 Linklaters LLP 3 10.9 111,054 280 3 10.5 0.4 Linklaters LLP 3 10.9 280 White & Case LLP 4 5.2 52,824 128 6 2.2 3.0 White & Case LLP 4 5.2 128 Cleary Gottlieb Steen & Hamilton 5 5.0 50,537 81 5 3.4 1.6 Freshfields Bruckhaus Deringer 6 3.8 118 Freshfields Bruckhaus Deringer 6 3.8 38,570 118 4 4.3 (0.5) Cleary Gottlieb Steen & Hamilton 5 5.0 81 Sullivan & Cromwell 7 2.7 27,493 55 9 1.7 1.0 Ashurst LLP 24 0.6 56 Slaughter and May 8 2.1 21,179 51 7 2.0 0.1 Sullivan & Cromwell 7 2.7 55 Hogan Lovells 9 2.1 21,067 26 8 1.8 0.3 Homburger AG 11 1.6 53 Davis Polk & Wardwell 10 1.6 16,142 49 12 1.5 0.1 King & Wood Mallesons 20 0.7 52 Homburger AG 11 1.6 15,894 53 21 0.6 1.0 Slaughter and May 8 2.1 51 Latham & Watkins LLP 12 1.6 15,830 41 11 1.6 - Davis Polk & Wardwell 10 1.6 49 Shearman & Sterling LLP 13 1.2 12,550 34 18 0.7 0.5 Maples & Calder/United Kingdom 27 0.5 47 Gide Loyrette Nouel 14 1.0 10,654 37 47 0.3 0.7 Latham & Watkins LLP 12 1.6 41 NautaDutilh 15 1.0 10,213 37 24 0.5 0.5 Gide Loyrette Nouel 14 1.0 37 Cravath Swaine & Moore 16 0.8 7,904 29 15 0.8 - NautaDutilh 15 1.0 37 Skadden Arps Slate Meagher & Flom 17 0.8 7,813 20 16 0.8 - Mourant Ozannes 75 0.1 36 Ropes & Gray 18 0.8 7,804 13 29 0.5 0.3 Allen & Gledhill 33 0.4 35 Herbert Smith Freehills 19 0.7 7,497 17 17 0.7 - Shearman & Sterling LLP 13 1.2 34 King & Wood Mallesons 20 0.7 7,415 52 13 1.1 (0.4) Sidley Austin LLP 21 0.7 30 TOTAL 100% 1,018,700 2,063 808,422 100% TOTAL 100% 2,063

Includes all eligible Euromarket bonds. Volume in USD millions.

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Legal League Tables Euromarket Bonds Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Allen & Overy LLP 1 27.8 374,914 1022 1 28.9 (1.1) Allen & Overy LLP 1 27.8 1022 Linklaters LLP 2 22.1 297,024 645 2 25.3 (3.2) Linklaters LLP 2 22.1 645 Clifford Chance LLP 3 14.9 200,970 405 3 19.4 (4.5) Clifford Chance LLP 3 14.9 405 Davis Polk & Wardwell 4 4.3 58,255 114 4 4.5 (0.2) White & Case LLP 5 4.1 171 White & Case LLP 5 4.1 55,126 171 6 1.7 2.4 Davis Polk & Wardwell 4 4.3 114 Latham & Watkins LLP 6 3.1 41,591 72 5 2.0 1.1 Sullivan & Cromwell 15 0.8 98 Hengeler Mueller 7 1.6 21,756 96 15 0.5 1.1 Hengeler Mueller 7 1.6 96 Simpson Thacher & Bartlett 8 1.6 21,194 27 7 1.5 0.1 Latham & Watkins LLP 6 3.1 72 Cravath Swaine & Moore 9 1.5 20,004 31 14 0.8 0.7 Ashurst LLP 18 0.6 65 Cleary Gottlieb Steen & Hamilton 10 1.4 19,485 49 9 1.3 0.1 Simmons & Simmons 38 0.2 50 Freshfields Bruckhaus Deringer 11 1.3 16,862 43 10 1.0 0.3 Cleary Gottlieb Steen & Hamilton 10 1.4 49 Sidley Austin LLP 12 1.0 14,030 34 11 1.0 - Freshfields Bruckhaus Deringer 11 1.3 43 Cahill Gordon & Reindel 13 0.9 12,136 36 16 0.4 0.5 Cahill Gordon & Reindel 13 0.9 36 Stikeman Elliott 14 0.9 12,049 27 19 0.3 0.6 Sidley Austin LLP 12 1.0 34 Sullivan & Cromwell 15 0.8 11,326 98 13 0.8 - Mayer Brown LLP 21 0.4 34 Shearman & Sterling LLP 16 0.8 10,741 29 8 1.3 (0.5) Cravath Swaine & Moore 9 1.5 31 Gide Loyrette Nouel 17 0.8 10,233 23 27 0.2 0.6 Shearman & Sterling LLP 16 0.8 29 Ashurst LLP 18 0.6 8,647 65 35 0.1 0.5 Elvinger Hoss & Prussen 23 0.3 28 Milbank Tweed Hadley & McCloy LLP 19 0.6 8,330 15 24 0.2 0.4 Simpson Thacher & Bartlett 8 1.6 27 Hogan Lovells 20 0.6 8,289 25 12 1.0 (0.4) Stikeman Elliott 14 0.9 27 TOTAL 100% 1,346,730 3,033 1,101,860 100% TOTAL 100% 3,033

Includes all eligible Euromarket bonds. Volume in USD millions.

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Legal League Tables Euromarket High Yield inc-EM Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Linklaters LLP 1 12.1 22,427 33 3 8.6 3.5 Allen & Overy LLP 2 9.0 34 Allen & Overy LLP 2 9.0 16,551 34 1 11.2 (2.2) Linklaters LLP 1 12.1 33 White & Case LLP 3 6.6 12,123 21 7 3.1 3.5 Latham & Watkins LLP 5 5.1 29 Cleary Gottlieb Steen & Hamilton 4 5.8 10,684 17 10 2.8 3.0 Cravath Swaine & Moore 11 2.7 24 Latham & Watkins LLP 5 5.1 9,376 29 4 5.6 (0.5) White & Case LLP 3 6.6 21 Ropes & Gray 6 4.4 8,142 14 9 2.8 1.6 Shearman & Sterling LLP 8 3.8 20 Clifford Chance LLP 7 4.3 8,019 14 2 10.5 (6.2) Freshfields Bruckhaus Deringer 9 3.0 19 Shearman & Sterling LLP 8 3.8 6,939 20 11 2.5 1.3 Sidley Austin LLP 18 1.7 19 Freshfields Bruckhaus Deringer 9 3.0 5,597 19 8 3.0 - Cleary Gottlieb Steen & Hamilton 4 5.8 17 NautaDutilh 10 2.9 5,422 14 27 0.8 2.1 Ropes & Gray 6 4.4 14 Cravath Swaine & Moore 11 2.7 4,893 24 25 0.8 1.9 Clifford Chance LLP 7 4.3 14 Slaughter and May 12 2.2 4,075 12 34 0.6 1.6 NautaDutilh 10 2.9 14 Uria Menendez Law Firm 13 2.2 4,038 6 44 0.4 1.8 Kirkland & Ellis 14 2.1 14 Kirkland & Ellis 14 2.1 3,868 14 6 3.8 (1.7) Slaughter and May 12 2.2 12 Davis Polk & Wardwell 15 2.0 3,684 9 18 1.2 0.8 Simpson Thacher & Bartlett 20 1.4 12 Luther Rechtsanwaltsgesellschaft mbH 16 1.9 3,428 5 67 0.2 1.7 Conyers Dill & Pearman 22 1.0 12 Nabarro & Hinge 16 1.9 3,428 5 - - - Maples & Calder/United Kingdom 37 0.4 12 Sidley Austin LLP 18 1.7 3,099 19 14 1.6 0.1 Skadden Arps Slate Meagher & Flom 19 1.5 10 Skadden Arps Slate Meagher & Flom 19 1.5 2,748 10 17 1.2 0.3 Arendt & Medernach 64 0.2 10 Simpson Thacher & Bartlett 20 1.4 2,590 12 5 4.5 (3.1) Davis Polk & Wardwell 15 2.0 9 TOTAL 100% 184,637 319 137,727 100% TOTAL 100% 319

Includes all eligible high yield (rated lower than Baa3 by Moody's or lower than BBB- by S&P) Euromarket bonds including high yield issues from emerging market countries. Volume in USD millions.

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Legal League Tables Euromarket High Yield inc-EM Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Latham & Watkins LLP 1 20.7 43,532 83 1 15.2 5.5 Latham & Watkins LLP 1 20.7 83 Allen & Overy LLP 2 19.0 39,801 62 3 14.8 4.2 Allen & Overy LLP 2 19.0 62 Linklaters LLP 3 8.4 17,618 36 2 15.1 (6.7) Linklaters LLP 3 8.4 36 Davis Polk & Wardwell 4 8.1 16,901 27 6 5.0 3.1 Cahill Gordon & Reindel 6 5.5 34 Clifford Chance LLP 5 7.3 15,378 25 5 5.8 1.5 Davis Polk & Wardwell 4 8.1 27 Cahill Gordon & Reindel 6 5.5 11,497 34 9 3.2 2.3 Clifford Chance LLP 5 7.3 25 Cravath Swaine & Moore 7 3.5 7,276 23 7 3.9 (0.4) Cravath Swaine & Moore 7 3.5 23 Shearman & Sterling LLP 8 3.2 6,719 21 4 8.5 (5.3) Shearman & Sterling LLP 8 3.2 21 Freshfields Bruckhaus Deringer 9 3.0 6,362 6 14 1.2 1.8 White & Case LLP 10 2.6 19 White & Case LLP 10 2.6 5,490 19 8 3.3 (0.7) NautaDutilh 14 0.8 12 Elvinger Hoss & Prussen 11 2.2 4,584 6 39 0.3 1.9 Commerce & Finance Law Offices 16 0.7 8 Paul Hastings LLP 12 1.7 3,575 5 41 0.2 1.5 Freshfields Bruckhaus Deringer 9 3.0 6 Studio Legale Associato in assocation wi 13 0.8 1,769 2 21 0.7 0.1 Elvinger Hoss & Prussen 11 2.2 6 NautaDutilh 14 0.8 1,667 12 24 0.4 0.4 Skadden Arps Slate Meagher & Flom 18 0.6 6 Kirkland & Ellis 15 0.8 1,629 5 27 0.4 0.4 Paul Hastings LLP 12 1.7 5 Commerce & Finance Law Offices 16 0.7 1,405 8 18 0.9 (0.2) Kirkland & Ellis 15 0.8 5 Simpson Thacher & Bartlett 17 0.6 1,287 3 12 1.4 (0.8) Ashurst LLP 20 0.5 4 Skadden Arps Slate Meagher & Flom 18 0.6 1,168 6 13 1.3 (0.7) De Brauw Blackstone Westbroek 24 0.4 4 Sullivan & Cromwell 19 0.6 1,163 2 11 1.4 (0.8) Herbert Smith Freehills 25 0.4 4 Ashurst LLP 20 0.5 1,141 4 80 0.1 0.4 Milbank Tweed Hadley & McCloy LLP 31 0.3 4 TOTAL 100% 209,797 340 143,434 100% TOTAL 100% 340

Includes all eligible high yield (rated lower than Baa3 by Moody's or lower than BBB- by S&P) Euromarket bonds including high yield issues from emerging market countries. Volume in USD millions.

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Legal League Tables Euromarket High Yield ex-EM Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Linklaters LLP 1 12.5 20,100 27 3 9.2 3.3 Allen & Overy LLP 2 9.6 30 Allen & Overy LLP 2 9.6 15,551 30 1 11.7 (2.1) Latham & Watkins LLP 5 5.4 28 Cleary Gottlieb Steen & Hamilton 3 6.5 10,509 15 9 3.2 3.3 Linklaters LLP 1 12.5 27 White & Case LLP 4 6.2 10,041 14 11 2.9 3.3 Cravath Swaine & Moore 11 2.9 23 Latham & Watkins LLP 5 5.4 8,695 28 4 6.3 (0.9) Shearman & Sterling LLP 8 4.2 18 Ropes & Gray 6 5.1 8,142 14 8 3.2 1.9 Freshfields Bruckhaus Deringer 9 3.4 18 Clifford Chance LLP 7 4.7 7,619 11 2 10.8 (6.1) Cleary Gottlieb Steen & Hamilton 3 6.5 15 Shearman & Sterling LLP 8 4.2 6,780 18 10 3.0 1.2 White & Case LLP 4 6.2 14 Freshfields Bruckhaus Deringer 9 3.4 5,497 18 7 3.6 (0.2) Ropes & Gray 6 5.1 14 NautaDutilh 10 3.3 5,338 13 22 1.0 2.3 Kirkland & Ellis 14 2.4 14 Cravath Swaine & Moore 11 2.9 4,724 23 21 1.0 1.9 NautaDutilh 10 3.3 13 Slaughter and May 12 2.5 4,075 12 28 0.8 1.7 Slaughter and May 12 2.5 12 Uria Menendez Law Firm 13 2.5 4,038 6 39 0.5 2.0 Simpson Thacher & Bartlett 17 1.6 12 Kirkland & Ellis 14 2.4 3,868 14 6 4.1 (1.7) Clifford Chance LLP 7 4.7 11 Luther Rechtsanwaltsgesellschaft mbH 15 2.1 3,428 5 57 0.3 1.8 Arendt & Medernach 54 0.2 10 Nabarro & Hinge 15 2.1 3,428 5 - - - Vieira de Almeida & Associad 42 0.3 7 Simpson Thacher & Bartlett 17 1.6 2,590 12 5 5.2 (3.6) Maples & Calder/United Kingdom 63 0.2 7 Davis Polk & Wardwell 18 1.6 2,586 4 38 0.5 1.1 Uria Menendez Law Firm 13 2.5 6 Proskauer Rose LLP 19 1.1 1,727 3 12 2.0 (0.9) Skadden Arps Slate Meagher & Flom 20 0.9 6 Skadden Arps Slate Meagher & Flom 20 0.9 1,463 6 14 1.5 (0.6) Luther Rechtsanwaltsgesellschaft mbH 15 2.1 5 TOTAL 100% 161,182 253 114,968 100% TOTAL 100% 253

Includes all eligible high yield (rated lower than Baa3 by Moody's or lower than BBB- by S&P) Euromarket bonds excluding high yield issues from emerging market countries. Volume in USD millions.

LEAG LREP LMX LALT LEAG LREP

Legal League Tables Euromarket High Yield ex-EM Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Latham & Watkins LLP 1 24.0 42,168 78 1 17.7 6.3 Latham & Watkins LLP 1 24.0 78 Allen & Overy LLP 2 20.1 35,230 54 2 15.9 4.2 Allen & Overy LLP 2 20.1 54 Clifford Chance LLP 3 8.0 14,051 22 5 5.3 2.7 Cahill Gordon & Reindel 5 6.5 34 Linklaters LLP 4 7.6 13,379 21 3 14.8 (7.2) Clifford Chance LLP 3 8.0 22 Cahill Gordon & Reindel 5 6.5 11,497 34 7 3.7 2.8 Cravath Swaine & Moore 7 4.0 22 Davis Polk & Wardwell 6 4.6 8,037 8 9 2.9 1.7 Linklaters LLP 4 7.6 21 Cravath Swaine & Moore 7 4.0 7,026 22 6 4.8 (0.8) Shearman & Sterling LLP 9 3.4 16 Freshfields Bruckhaus Deringer 8 3.5 6,112 5 12 1.4 2.1 White & Case LLP 11 2.1 14 Shearman & Sterling LLP 9 3.4 5,909 16 4 9.4 (6.0) NautaDutilh 14 0.8 9 Elvinger Hoss & Prussen 10 2.6 4,584 6 36 0.3 2.3 Davis Polk & Wardwell 6 4.6 8 White & Case LLP 11 2.1 3,732 14 8 3.0 (0.9) Elvinger Hoss & Prussen 10 2.6 6 Paul Hastings LLP 12 1.9 3,400 4 38 0.3 1.6 Freshfields Bruckhaus Deringer 8 3.5 5 Studio Legale Associato in assocation wi 13 1.0 1,769 2 18 0.9 0.1 Paul Hastings LLP 12 1.9 4 NautaDutilh 14 0.8 1,359 9 22 0.5 0.3 Ashurst LLP 17 0.6 4 Simpson Thacher & Bartlett 15 0.7 1,287 3 13 1.3 (0.6) Kirkland & Ellis 19 0.5 4 Sullivan & Cromwell 16 0.7 1,163 2 10 1.7 (1.0) De Brauw Blackstone Westbroek 21 0.4 4 Ashurst LLP 17 0.6 1,141 4 57 0.1 0.5 Simpson Thacher & Bartlett 15 0.7 3 Weil Gotshal & Manges LLP 18 0.6 1,036 2 - - - McCann Fitzgerald 20 0.4 3 Kirkland & Ellis 19 0.5 948 4 25 0.5 - Herbert Smith/Gleiss Lutz/Stibbe 22 0.4 3 McCann Fitzgerald 20 0.4 782 3 14 1.3 (0.9) Milbank Tweed Hadley & McCloy LLP 24 0.3 3 TOTAL 100% 175,649 264 119,240 100% TOTAL 100% 264

Includes all eligible high yield (rated lower than Baa3 by Moody's or lower than BBB- by S&P) Euromarket bonds excluding high yield issues from emerging market countries. Volume in USD millions.

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Legal League Tables Islamic Bonds Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Allen & Overy LLP 1 19.8 3,684 7 1 25.6 (5.8) Zaid Ibrahim & Co 3 10.5 34 Adnan Sundra & Low 2 19.0 3,531 25 2 12.8 6.2 Adnan Sundra & Low 2 19.0 25 Zaid Ibrahim & Co 3 10.5 1,951 34 5 5.9 4.6 Rahmat Lim & Partners 12 2.5 15 Baker & McKenzie 4 8.4 1,565 6 - - - Allen & Overy LLP 1 19.8 7 Norton Rose Fulbright LLP 5 5.4 1,000 2 - - - Baker & McKenzie 4 8.4 6 Ogier 5 5.4 1,000 2 - - - Hisham Sobri & Kadir 11 3.8 5 Latham & Watkins LLP 7 4.5 840 3 3 9.7 (5.2) Latham & Watkins LLP 7 4.5 3 Walkers 8 4.3 800 2 11 2.8 1.5 Hadiputranto Hadinoto & Partners 25 0.1 3 Clifford Chance LLP 9 4.1 767 2 8 5.3 (1.2) Norton Rose Fulbright LLP 5 5.4 2 Linklaters LLP 10 4.0 750 1 10 3.4 0.6 Ogier 5 5.4 2 Hisham Sobri & Kadir 11 3.8 699 5 - - - Walkers 8 4.3 2 Rahmat Lim & Partners 12 2.5 472 15 - - - Clifford Chance LLP 9 4.1 2 Christopher & Lee Ong 13 1.7 311 2 - - - Christopher & Lee Ong 13 1.7 2 Raslan Loong Advocates & Solictors 14 1.6 290 1 16 0.8 0.8 Kadir Andri Aidham & Partners 15 1.1 2 Kadir Andri Aidham & Partners 15 1.1 205 2 9 3.5 (2.4) Allen & Gledhill 17 0.8 2 Webber Wentzel Bowens Inc 16 0.9 167 1 - - - Linklaters LLP 10 4.0 1 Allen & Gledhill 17 0.8 146 2 18 0.2 0.6 Raslan Loong Advocates & Solictors 14 1.6 1 WongPartnership LLP 18 0.7 122 1 14 1.7 (1.0) Webber Wentzel Bowens Inc 16 0.9 1 Zul Rafique & Partners 19 0.6 103 1 13 2.0 (1.4) WongPartnership LLP 18 0.7 1 Abdul Raman Saad & Associates 20 0.5 94 1 17 0.7 (0.2) Zul Rafique & Partners 19 0.6 1 TOTAL 100% 18,601 117 18,106 100% TOTAL 100% 117

Includes all eligible Islamic bonds (including convertibles). Volume in USD millions.

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Legal League Tables Islamic Bonds Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Adnan Sundra & Low 1 21.1 7,235 119 3 11.6 9.5 Adnan Sundra & Low 1 21.1 119 Allen & Overy LLP 2 14.8 5,087 9 2 12.5 2.3 Zaid Ibrahim & Co 5 7.5 41 Latham & Watkins LLP 3 11.6 3,966 4 8 3.2 8.4 Baker & McKenzie 10 2.7 31 Linklaters LLP 4 10.0 3,418 7 5 6.2 3.8 Zul Rafique & Partners 14 1.7 28 Zaid Ibrahim & Co 5 7.5 2,581 41 7 4.9 2.6 Kadir Andri Aidham & Partners 7 6.2 24 Mohamed Ridza & Co 6 6.7 2,308 17 6 5.2 1.5 Mohamed Ridza & Co 6 6.7 17 Kadir Andri Aidham & Partners 7 6.2 2,119 24 9 3.2 3.0 Christopher Lee & Co 13 1.8 13 Clifford Chance LLP 8 5.1 1,750 4 1 25.5 (20.4) Allen & Overy LLP 2 14.8 9 Dentons 9 3.3 1,135 2 - - - Linklaters LLP 4 10.0 7 Baker & McKenzie 10 2.7 936 31 13 2.3 0.4 Albar & Partners 16 1.0 6 Shook Lin & Bok 11 1.8 618 4 18 0.6 1.2 Latham & Watkins LLP 3 11.6 4 Azmi & Associates 12 1.8 609 2 15 1.9 (0.1) Clifford Chance LLP 8 5.1 4 Christopher Lee & Co 13 1.8 606 13 12 2.7 (0.9) Shook Lin & Bok 11 1.8 4 Zul Rafique & Partners 14 1.7 590 28 16 1.2 0.5 Dentons 9 3.3 2 Ashurst LLP 15 1.5 500 1 - - - Azmi & Associates 12 1.8 2 Albar & Partners 16 1.0 360 6 4 8.5 (7.5) Hisham Sobri & Kadir 19 0.3 2 Bowman Gilfillan 17 0.5 167 1 - - - Ashurst LLP 15 1.5 1 King & Spalding 18 0.3 120 1 - - - Bowman Gilfillan 17 0.5 1 Hisham Sobri & Kadir 19 0.3 115 2 20 0.4 (0.1) King & Spalding 18 0.3 1 Allen & Gledhill 20 0.2 79 1 21 0.4 (0.2) Allen & Gledhill 20 0.2 1 TOTAL 100% 34,317 317 32,086 100% TOTAL 100% 317

Includes all eligible Islamic bonds (including convertibles). Volume in USD millions.

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Legal League Tables GCC Islamic Bonds Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Allen & Overy LLP 1 43.5 3,083 5 1 34.9 8.6 Allen & Overy LLP 1 43.5 5 Baker & McKenzie 2 12.0 853 2 - - - Latham & Watkins LLP 3 11.8 3 Latham & Watkins LLP 3 11.8 840 3 2 14.8 (3.0) Baker & McKenzie 2 12.0 2 Walkers 4 11.3 800 2 7 4.2 7.1 Walkers 4 11.3 2 Clifford Chance LLP 5 10.8 767 2 6 8.1 2.7 Clifford Chance LLP 5 10.8 2 Linklaters LLP 6 10.6 750 1 9 1.8 8.8 Linklaters LLP 6 10.6 1 TOTAL 100% 7,093 14 11,878 100% TOTAL 100% 14

Includes all eligible Islamic bonds (including convertibles) with Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE country of risk. Volume in USD millions.

LEAG LREP LMX LALT LEAG LREP

Legal League Tables GCC Islamic Bonds Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Latham & Watkins LLP 1 34.8 3,966 4 4 6.5 28.3 Allen & Overy LLP 2 31.5 7 Allen & Overy LLP 2 31.5 3,587 7 2 22.6 8.9 Linklaters LLP 3 23.3 5 Linklaters LLP 3 23.3 2,650 5 3 12.7 10.6 Latham & Watkins LLP 1 34.8 4 Clifford Chance LLP 4 9.4 1,067 2 1 39.5 (30.1) Clifford Chance LLP 4 9.4 2 King & Spalding 5 1.1 120 1 - - - King & Spalding 5 1.1 1 TOTAL 100% 11,390 19 15,788 100% TOTAL 100% 19

Includes all eligible Islamic bonds (including convertibles) with Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE country of risk. Volume in USD millions.

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Legal League Tables Asia ex-Japan Equity IPO Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Maples & Calder/United Kingdom 1 13.5 10,310 28 20 1.4 12.1 Conyers Dill & Pearman 5 3.7 48 Simpson Thacher & Bartlett 2 11.3 8,646 7 10 2.8 8.5 King & Wood Mallesons 4 5.8 33 Fangda Partners 3 11.2 8,581 5 123 - 11.2 Maples & Calder/United Kingdom 1 13.5 28 King & Wood Mallesons 4 5.8 4,411 33 4 5.7 0.1 Jingtian Gongcheng Law Firm 6 3.5 19 Conyers Dill & Pearman 5 3.7 2,840 48 6 4.3 (0.6) Appleby 50 0.3 18 Jingtian Gongcheng Law Firm 6 3.5 2,688 19 8 3.4 0.1 Grandall Legal Group 14 1.5 15 Tian Yuan Law Firm 7 3.2 2,441 7 44 0.4 2.8 Skadden Arps Slate Meagher & Flom 12 1.6 13 Reed Smith LLP 8 2.4 1,857 1 - - - Beijing Grandway Law Offices 17 1.3 11 Jia Yuan Law Firm 9 2.4 1,825 8 - - - Commerce & Finance Law Offices 22 1.0 11 Shearman & Sterling LLP 10 2.4 1,819 1 29 1.0 1.4 Jun He Law Offices 13 1.6 9 Clifford Chance LLP 11 2.0 1,532 8 3 6.8 (4.8) Jia Yuan Law Firm 9 2.4 8 Skadden Arps Slate Meagher & Flom 12 1.6 1,254 13 43 0.4 1.2 Clifford Chance LLP 11 2.0 8 Jun He Law Offices 13 1.6 1,217 9 53 0.3 1.3 Simpson Thacher & Bartlett 2 11.3 7 Grandall Legal Group 14 1.5 1,140 15 18 1.6 (0.1) Tian Yuan Law Firm 7 3.2 7 Sullivan & Cromwell 15 1.4 1,089 2 31 0.8 0.6 Baker & McKenzie 25 0.9 7 Woo Kwan Lee & Lo 16 1.4 1,041 2 101 0.1 1.3 Beijing Deheng Law 34 0.5 7 Beijing Grandway Law Offices 17 1.3 980 11 - - - Allen & Gledhill 24 0.9 6 Haiwen & Partners 18 1.2 898 3 5 4.3 (3.1) Beijing Zhonglun Law Firm 27 0.7 6 Zhong Lun Law Firm 19 1.1 865 5 41 0.5 0.6 Sidley Austin LLP 45 0.3 6 Cleary Gottlieb Steen & Hamilton 20 1.1 829 2 23 1.2 (0.1) Fangda Partners 3 11.2 5 TOTAL 100% 76,395 355 34,895 100% TOTAL 100% 355

Includes all eligible initial public offerings from Asia Pacific issuers excluding Japan, Australia, and New Zealand. Volume in USD millions.

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Legal League Tables Asia ex-Japan Equity IPO Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT King & Wood Mallesons 1 23.8 15,137 11 5 5.8 18.0 Jingtian Gongcheng Law Firm 11 1.5 18 Sullivan & Cromwell 2 20.9 13,271 3 31 0.7 20.2 King & Wood Mallesons 1 23.8 11 Freshfields Bruckhaus Deringer 3 8.5 5,427 6 1 9.6 (1.1) Commerce & Finance Law Offices 6 3.6 11 Clifford Chance LLP 4 5.1 3,263 8 3 6.6 (1.5) Simpson Thacher & Bartlett 10 1.9 10 Grandall Legal Group 5 4.1 2,606 6 12 3.0 1.1 Paul Hastings LLP 7 3.0 9 Commerce & Finance Law Offices 6 3.6 2,291 11 2 8.7 (5.1) Davis Polk & Wardwell 8 2.6 9 Paul Hastings LLP 7 3.0 1,917 9 13 2.6 0.4 Clifford Chance LLP 4 5.1 8 Davis Polk & Wardwell 8 2.6 1,622 9 - - - Jia Yuan Law Firm 9 2.2 7 Jia Yuan Law Firm 9 2.2 1,426 7 27 1.0 1.2 Fangda Partners 18 1.1 7 Simpson Thacher & Bartlett 10 1.9 1,188 10 6 4.9 (3.0) Shearman & Sterling LLP 20 1.0 7 Jingtian Gongcheng Law Firm 11 1.5 944 18 9 4.2 (2.7) Haiwen & Partners 22 0.7 7 Norton Rose Fulbright LLP 12 1.4 887 6 28 0.9 0.5 Morrison & Foerster LLP 31 0.4 7 Maples & Calder/United Kingdom 13 1.2 787 1 - - - Freshfields Bruckhaus Deringer 3 8.5 6 Shin & Kim 14 1.2 771 2 47 0.3 0.9 Grandall Legal Group 5 4.1 6 Baker & McKenzie 15 1.2 745 3 15 2.1 (0.9) Norton Rose Fulbright LLP 12 1.4 6 Tian Yuan Law Firm 16 1.1 728 2 56 0.1 1.0 Sidley Austin LLP 30 0.4 6 Beijing Dacheng Law Offices 17 1.1 711 1 70 0.1 1.0 Jun He Law Offices 24 0.7 5 Fangda Partners 18 1.1 672 7 17 2.0 (0.9) Kirkland & Ellis 26 0.6 5 Herbert Smith Freehills 19 1.0 666 3 59 0.1 0.9 Zhong Lun Law Firm 33 0.4 5 Shearman & Sterling LLP 20 1.0 646 7 42 0.3 0.7 Allen & Overy LLP 21 0.8 4 TOTAL 100% 63,514 158 28,897 100% TOTAL 100% 158

Includes all eligible initial public offerings from Asia Pacific issuers excluding Japan, Australia, and New Zealand. Volume in USD millions.

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Legal League Tables Asia ex-Japan G3 Bonds Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Linklaters LLP 1 13.1 18,723 47 2 5.5 7.6 Linklaters LLP 1 13.1 47 Allen & Overy LLP 2 7.3 10,407 15 5 4.7 2.6 Maples & Calder/United Kingdom 4 5.6 26 Davis Polk & Wardwell 3 5.8 8,273 17 4 5.0 0.8 Allen & Gledhill 12 2.3 22 Maples & Calder/United Kingdom 4 5.6 8,070 26 3 5.3 0.3 Sidley Austin LLP 7 3.4 20 Cleary Gottlieb Steen & Hamilton 5 4.1 5,920 13 10 3.5 0.6 Clifford Chance LLP 6 3.8 18 Clifford Chance LLP 6 3.8 5,433 18 6 4.4 (0.6) Davis Polk & Wardwell 3 5.8 17 Sidley Austin LLP 7 3.4 4,925 20 7 4.2 (0.8) Conyers Dill & Pearman 10 2.6 17 Lee & Ko 8 3.1 4,400 10 18 1.9 1.2 Allen & Overy LLP 2 7.3 15 Herbert Smith Freehills 9 2.6 3,750 4 34 0.7 1.9 Cleary Gottlieb Steen & Hamilton 5 4.1 13 Conyers Dill & Pearman 10 2.6 3,749 17 1 6.4 (3.8) Milbank Tweed Hadley & McCloy LLP 27 1.1 13 Simpson Thacher & Bartlett 11 2.4 3,467 9 60 0.2 2.2 Skadden Arps Slate Meagher & Flom 14 2.0 12 Allen & Gledhill 12 2.3 3,302 22 43 0.5 1.8 King & Wood Mallesons 18 1.8 12 J Sagar Associates 13 2.2 3,089 5 36 0.7 1.5 Walkers 29 0.8 12 Skadden Arps Slate Meagher & Flom 14 2.0 2,841 12 11 3.4 (1.4) Lee & Ko 8 3.1 10 Mayer Brown LLP 15 1.9 2,700 5 14 2.3 (0.4) Shearman & Sterling LLP 20 1.8 10 Fangda Partners 16 1.9 2,667 6 - - - Simpson Thacher & Bartlett 11 2.4 9 Amarchand Mangaldas & Suresh A Shroff 17 1.9 2,650 9 12 3.1 (1.2) Amarchand Mangaldas & Suresh A Shroff 17 1.9 9 King & Wood Mallesons 18 1.8 2,617 12 20 1.7 0.1 Latham & Watkins LLP 19 1.8 7 Latham & Watkins LLP 19 1.8 2,547 7 9 4.0 (2.2) Jun He Law Offices 23 1.7 7 Shearman & Sterling LLP 20 1.8 2,525 10 33 0.8 1.0 Haiwen & Partners 25 1.3 7 TOTAL 100% 142,967 249 116,630 100% TOTAL 100% 249

Includes all eligible bonds from Asia Pacific issuers in JPY, EUR and USD excluding Japan, Australia and New Zealand. Minimum issue size is USD100 million. Volume in USD millions.

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Legal League Tables Asia ex-Japan G3 Bonds Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Linklaters LLP 1 22.6 34,564 72 2 17.0 5.6 Linklaters LLP 1 22.6 72 Allen & Overy LLP 2 16.9 25,799 37 3 13.9 3.0 Davis Polk & Wardwell 3 10.4 41 Davis Polk & Wardwell 3 10.4 15,868 41 1 17.8 (7.4) Allen & Overy LLP 2 16.9 37 Clifford Chance LLP 4 9.8 15,014 35 4 5.8 4.0 Clifford Chance LLP 4 9.8 35 Cleary Gottlieb Steen & Hamilton 5 4.5 6,840 13 5 5.3 (0.8) King & Wood Mallesons 6 4.3 19 King & Wood Mallesons 6 4.3 6,613 19 12 1.8 2.5 Cleary Gottlieb Steen & Hamilton 5 4.5 13 Sullivan & Cromwell 7 2.6 4,000 6 - - - Shearman & Sterling LLP 9 2.4 12 Simpson Thacher & Bartlett 8 2.6 3,911 10 9 2.8 (0.2) Simpson Thacher & Bartlett 8 2.6 10 Shearman & Sterling LLP 9 2.4 3,739 12 8 2.8 (0.4) Jun He Law Offices 10 2.0 9 Jun He Law Offices 10 2.0 2,983 9 10 2.5 (0.5) Commerce & Finance Law Offices 15 1.2 9 Sidley Austin LLP 11 1.5 2,295 4 30 0.6 0.9 Jingtian Gongcheng Law Firm 14 1.2 7 Haiwen & Partners 12 1.5 2,225 6 17 0.9 0.6 Milbank Tweed Hadley & McCloy LLP 18 1.0 7 Latham & Watkins LLP 13 1.3 2,025 6 22 0.8 0.5 Sullivan & Cromwell 7 2.6 6 Jingtian Gongcheng Law Firm 14 1.2 1,850 7 7 3.6 (2.4) Haiwen & Partners 12 1.5 6 Commerce & Finance Law Offices 15 1.2 1,827 9 6 4.1 (2.9) Latham & Watkins LLP 13 1.3 6 Herbert Smith Freehills 16 1.2 1,825 6 33 0.4 0.8 Herbert Smith Freehills 16 1.2 6 Hiswara Bunjamin & Tandjung 17 1.2 1,820 6 11 1.9 (0.7) Hiswara Bunjamin & Tandjung 17 1.2 6 Milbank Tweed Hadley & McCloy LLP 18 1.0 1,562 7 13 1.6 (0.6) Skadden Arps Slate Meagher & Flom 23 0.6 5 O'Melveny & Myers LLP 19 1.0 1,500 2 18 0.8 0.2 Sidley Austin LLP 11 1.5 4 Axon Partners LLP/India 20 0.7 1,016 2 25 0.6 0.1 Zhong Lun Law Firm 25 0.5 4 TOTAL 100% 152,885 266 120,321 100% TOTAL 100% 266

Includes all eligible bonds from Asia Pacific issuers in JPY, EUR and USD excluding Japan, Australia and New Zealand. Minimum issue size is USD100 million. Volume in USD millions.

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Legal League Tables Singapore Dollar Bonds Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE SGD (Mln) COUNT SHARE CHG (%) SHARE COUNT Allen & Gledhill 1 37.9 6,710 24 1 49.5 (11.6) Allen & Gledhill 1 37.9 24 WongPartnership LLP 2 21.7 3,830 24 2 14.6 7.1 WongPartnership LLP 2 21.7 24 Stamford Law Corp 3 7.8 1,385 7 14 0.4 7.4 Shook Lin & Bok 4 5.2 8 Shook Lin & Bok 4 5.2 920 8 4 8.5 (3.3) Stamford Law Corp 3 7.8 7 Slaughter and May 5 4.0 700 1 - - - Allen & Overy LLP 12 1.0 5 Clifford Chance LLP 6 3.3 580 3 - - - Rajah & Tann 7 2.4 4 Rajah & Tann 7 2.4 425 4 5 8.4 (6.0) Clifford Chance LLP 6 3.3 3 Rodyk & Davidson LLP 8 2.3 410 2 7 1.4 0.9 Rodyk & Davidson LLP 8 2.3 2 Linklaters LLP 9 1.2 220 2 - - - Linklaters LLP 9 1.2 2 Davis Polk & Wardwell 10 1.1 200 1 15 0.4 0.7 Drew & Napier 10 1.1 2 Drew & Napier 10 1.1 200 2 - - - Conyers Dill & Pearman 15 0.7 2 Allen & Overy LLP 12 1.0 178 5 3 9.4 (8.4) Niederer Kraft & Frey 31 0.2 2 Maples & Calder/United Kingdom 13 0.9 160 1 - - - Slaughter and May 5 4.0 1 RHT Law LLP 14 0.8 150 1 - - - Davis Polk & Wardwell 10 1.1 1 Conyers Dill & Pearman 15 0.7 130 2 12 0.5 0.2 Maples & Calder/United Kingdom 13 0.9 1 Cadwalader Wickersham & Taft 16 0.7 125 1 - - - RHT Law LLP 14 0.8 1 King & Wood Mallesons 16 0.7 125 1 - - - Cadwalader Wickersham & Taft 16 0.7 1 Jones Day 18 0.6 100 1 - - - King & Wood Mallesons 16 0.7 1 Lee & Lee 18 0.6 100 1 8 0.9 (0.3) Jones Day 18 0.6 1 Nagashima Ohno & Tsunematsu 18 0.6 100 1 - - - Lee & Lee 18 0.6 1 TOTAL 100% 17,685 92 12,428 100% TOTAL 100% 92

Includes all bonds denominated in Singapore Dollars. Excludes issues that are callable or puttable and mature in less than 12 months. Volume in SGD millions.

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Legal League Tables Singapore Dollar Bonds Manager Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE SGD (Mln) COUNT SHARE CHG (%) SHARE COUNT Allen & Gledhill 1 41.5 5,850 46 1 61.1 (19.6) Allen & Gledhill 1 41.5 46 Linklaters LLP 2 20.2 2,845 11 6 4.5 15.7 Linklaters LLP 2 20.2 11 WongPartnership LLP 3 9.5 1,338 8 4 4.6 4.9 WongPartnership LLP 3 9.5 8 Allen & Overy LLP 4 8.4 1,180 6 9 0.9 7.5 Allen & Overy LLP 4 8.4 6 Clifford Chance LLP 5 4.9 695 6 5 4.6 0.3 Clifford Chance LLP 5 4.9 6 Lee & Lee 6 3.2 450 3 6 4.5 (1.3) Lee & Lee 6 3.2 3 King & Wood Mallesons 7 1.8 250 1 - - - Jingtian Gongcheng Law Firm 11 1.3 3 Sullivan & Cromwell 7 1.8 250 1 - - - Elvinger Hoss & Prussen 19 0.0 2 Skadden Arps Slate Meagher & Flom 9 1.4 200 1 - - - Simmons & Simmons 19 0.0 2 Yuan Tai Law Offices 9 1.4 200 1 - - - King & Wood Mallesons 7 1.8 1 Jingtian Gongcheng Law Firm 11 1.3 180 3 12 0.3 1.0 Sullivan & Cromwell 7 1.8 1 Grandall Legal Group 12 0.9 125 1 - - - Skadden Arps Slate Meagher & Flom 9 1.4 1 Sidley Austin LLP 13 0.9 120 1 - - - Yuan Tai Law Offices 9 1.4 1 Davis Polk & Wardwell 14 0.7 100 1 - - - Grandall Legal Group 12 0.9 1 Herbert Smith Freehills 14 0.7 100 1 2 11.4 (10.7) Sidley Austin LLP 13 0.9 1 O'Melveny & Myers LLP 14 0.7 100 1 8 1.4 (0.7) Davis Polk & Wardwell 14 0.7 1 Hiswara Bunjamin & Tandjung 17 0.4 60 1 - - - Herbert Smith Freehills 14 0.7 1 Rajah & Tann 18 0.4 50 1 - - - O'Melveny & Myers LLP 14 0.7 1 Elvinger Hoss & Prussen 19 0.0 2 2 - - - Hiswara Bunjamin & Tandjung 17 0.4 1 Simmons & Simmons 19 0.0 2 2 - - - Rajah & Tann 18 0.4 1 TOTAL 100% 14,096 84 8,313 100% TOTAL 100% 84

Includes all bonds denominated in Singapore Dollars. Excludes issues that are callable or puttable and mature in less than 12 months. Volume in SGD millions.

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Legal League Tables Australia/NZ Equity IPO Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Herbert Smith Freehills 1 32.1 5,301 10 2 14.3 17.8 Herbert Smith Freehills 1 32.1 10 King & Wood Mallesons 2 15.5 2,556 5 4 13.4 2.1 Gilbert + Tobin 4 8.8 7 Skadden Arps Slate Meagher & Flom 3 12.6 2,072 2 - - - Minter Ellison 5 6.6 6 Gilbert + Tobin 4 8.8 1,455 7 3 14.1 (5.3) Clayton Utz 6 4.1 6 Minter Ellison 5 6.6 1,097 6 7 3.8 2.8 Chapman Tripp 9 2.7 6 Clayton Utz 6 4.1 670 6 8 2.7 1.4 King & Wood Mallesons 2 15.5 5 Allens 7 3.0 494 2 6 8.9 (5.9) DLA Piper LLP 8 3.0 5 DLA Piper LLP 8 3.0 491 5 - - - Watson Mangioni 13 1.6 5 Chapman Tripp 9 2.7 440 6 5 11.0 (8.3) Baker & McKenzie 16 0.8 3 Sidley Austin LLP 10 1.8 301 1 - - - Steinepreis Paganin 28 0.0 3 Ashurst LLP 11 1.6 269 1 10 1.9 (0.3) Skadden Arps Slate Meagher & Flom 3 12.6 2 Russell McVeagh 12 1.6 269 1 - - - Allens 7 3.0 2 Watson Mangioni 13 1.6 261 5 - - - Bell Gully 14 1.1 2 Bell Gully 14 1.1 185 2 1 20.1 (19.0) HWL Ebsworth Lawyers 15 1.1 2 HWL Ebsworth Lawyers 15 1.1 185 2 16 0.3 0.8 Sidley Austin LLP 10 1.8 1 Baker & McKenzie 16 0.8 131 3 9 2.6 (1.8) Ashurst LLP 11 1.6 1 Norton Rose Fulbright LLP 17 0.6 92 1 - - - Russell McVeagh 12 1.6 1 Talbot Group Holdings Pty Ltd 18 0.3 57 1 - - - Norton Rose Fulbright LLP 17 0.6 1 Gadens Lawyers 19 0.2 41 1 - - - Talbot Group Holdings Pty Ltd 18 0.3 1 Atanaskovic Hartnell 20 0.2 25 1 - - - Gadens Lawyers 19 0.2 1 TOTAL 100% 16,499 71 8,805 100% TOTAL 100% 71

Includes all eligible initial public offerings from Australia and New Zealand issuers. Volume in USD millions.

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Legal League Tables Australia/New Zealand Hybrid Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Herbert Smith Freehills 1 31.2 1,222 1 - - - Herbert Smith Freehills 1 31.2 1 King & Wood Mallesons 2 30.0 1,175 1 1 65.7 (35.7) King & Wood Mallesons 2 30.0 1 Clayton Utz 3 16.5 645 1 - - - Clayton Utz 3 16.5 1 Linklaters LLP 3 16.5 645 1 - - - Linklaters LLP 3 16.5 1 Allens 5 5.9 232 1 2 27.4 (21.5) Allens 5 5.9 1 TOTAL 100% 3,919 4 4,749 100% TOTAL 100% 4

Includes all eligible hybrid issues from Australia and New Zealand issuers. Volume in USD millions.

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Legal League Tables SGX Equity IPO Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Allen & Gledhill 1 28.3 724 6 1 52.0 (23.7) Allen & Gledhill 1 28.3 6 Mori Hamada & Matsumoto 2 12.0 306 1 - - - Stamford Law Corp 20 1.7 4 Commerce & Finance Law Offices 3 5.8 149 1 - - - Zaid Ibrahim & Co 8 2.6 3 Dentons 4 5.0 127 2 - - - WongPartnership LLP 21 1.2 3 Basham Ringe y Correa SC 5 3.0 77 1 - - - Dentons 4 5.0 2 Hadromi & Partners 5 3.0 77 1 - - - Rajah & Tann 16 2.1 2 Jeff Leong Poon & Wong 5 3.0 77 1 - - - Global Law Office 17 2.0 2 Zaid Ibrahim & Co 8 2.6 67 3 20 0.4 2.2 Angela Wang & Co Hong Kong 22 0.9 2 King & Wood Mallesons 9 2.5 65 1 25 0.2 2.3 Conyers Dill & Pearman 25 0.7 2 Loyens & Loeff 9 2.5 65 1 - - - Christopher & Lee Ong 26 0.7 2 Norton Rose Fulbright LLP 9 2.5 65 1 31 0.1 2.4 Rodyk & Davidson LLP 29 0.4 2 William Fry 9 2.5 65 1 - - - Yuan Tai Law Offices 30 0.4 2 Zain & Co 9 2.5 65 1 - - - Opal Lawyers LLC 31 0.4 2 Anderson Mori & Tomotsune 14 2.5 64 1 30 0.2 2.3 Drew & Napier 33 0.2 2 Minter Ellison 14 2.5 64 1 - - - Mori Hamada & Matsumoto 2 12.0 1 Rajah & Tann 16 2.1 54 2 - - - Commerce & Finance Law Offices 3 5.8 1 Global Law Office 17 2.0 51 2 - - - Basham Ringe y Correa SC 5 3.0 1 Assegaf Hamzah & Partners 18 1.8 46 1 - - - Hadromi & Partners 5 3.0 1 Vietnam International Law Firm-Hong Duc 18 1.8 46 1 11 0.6 1.2 Jeff Leong Poon & Wong 5 3.0 1 Stamford Law Corp 20 1.7 44 4 - - - King & Wood Mallesons 9 2.5 1 TOTAL 100% 2,556 26 4,988 100% TOTAL 100% 26

Includes all eligible initial public offerings listed on Singapore Stock Exchange. Volume in USD millions.

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Legal League Tables China Domestic IPO Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE CNY (Mln) COUNT SHARE CHG (%) SHARE COUNT Jingtian Gongcheng Law Firm 1 11.6 9,663 5 - - - Grandall Legal Group 2 8.2 13 Grandall Legal Group 2 8.2 6,788 13 - - - King & Wood Mallesons 3 7.6 12 King & Wood Mallesons 3 7.6 6,309 12 - - - Beijing Grandway Law Offices 4 7.2 11 Beijing Grandway Law Offices 4 7.2 5,990 11 - - - Beijing Zhonglun Law Firm 7 3.9 6 Jia Yuan Law Firm 5 6.4 5,298 4 - - - Jingtian Gongcheng Law Firm 1 11.6 5 Fenxun & Partners 6 4.6 3,836 1 - - - Zhongyin Law Firm 8 3.7 5 Beijing Zhonglun Law Firm 7 3.9 3,280 6 - - - Beijing Deheng Law 19 1.9 5 Zhongyin Law Firm 8 3.7 3,090 5 - - - Jia Yuan Law Firm 5 6.4 4 Chen & Co 9 3.7 3,088 3 - - - Beijing Dacheng Law Offices 11 3.6 4 Beijing Hairun Law Firm 10 3.6 3,022 3 - - - Jun He Law Offices 13 3.4 4 Beijing Dacheng Law Offices 11 3.6 2,996 4 - - - Llinks Law Office 21 1.7 4 Zhejiang T&C Law Firm 12 3.6 2,970 3 - - - Allbright Law Office 23 1.4 4 Jun He Law Offices 13 3.4 2,810 4 - - - Chen & Co 9 3.7 3 Beijing Kang Da Law Firm 14 2.8 2,305 3 - - - Beijing Hairun Law Firm 10 3.6 3 Hunan Qiyuan Law Firm 15 2.3 1,956 3 - - - Zhejiang T&C Law Firm 12 3.6 3 Pan-China Certified Public Accountants 16 2.2 1,816 1 - - - Beijing Kang Da Law Firm 14 2.8 3 Beijing JunZeJun Law Offices 17 2.1 1,781 3 - - - Hunan Qiyuan Law Firm 15 2.3 3 Tian Yuan Law Firm 18 2.0 1,629 2 - - - Beijing JunZeJun Law Offices 17 2.1 3 Beijing Deheng Law 19 1.9 1,568 5 - - - China Commercial Law Co 20 1.8 3 China Commercial Law Co 20 1.8 1,480 3 - - - V&T Law Firm 22 1.7 3 TOTAL 100% 83,277 127 - 100% TOTAL 100% 127

Includes all eligible initial public offerings from Chinese issuers that are listed on Shanghai and Shenzhen Stock Exchanges. Treats first time share sales in China A-shares as IPO. Volume in CNY millions.

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Legal League Tables India Equity IPO Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE INR (Bln) COUNT SHARE CHG (%) SHARE COUNT Amarchand Mangaldas & Suresh A Shroff 1 51.3 5 2 1 32.7 18.6 Kanga & Co 4 4.7 4 Bharucha & Partners 2 19.1 2 1 - - - JPS Legal 6 2.3 4 J Sagar Associates 3 11.6 1 1 3 19.0 (7.4) M/S Kanga & Co 7 2.2 4 Kanga & Co 4 4.7 0 4 11 0.4 4.3 Mindspright Legal 10 1.2 3 Markand Gandhi & Co 5 2.4 0 1 - - - Amarchand Mangaldas & Suresh A Shroff 1 51.3 2 JPS Legal 6 2.3 0 4 - - - Juris Matrix 8 1.8 2 M/S Kanga & Co 7 2.2 0 4 9 0.6 1.6 Bharucha & Partners 2 19.1 1 Juris Matrix 8 1.8 0 2 - - - J Sagar Associates 3 11.6 1 Asthana & Co 9 1.6 0 1 - - - Markand Gandhi & Co 5 2.4 1 Mindspright Legal 10 1.2 0 3 13 0.1 1.1 Asthana & Co 9 1.6 1 Crawford Bayley & Co 11 0.8 0 1 - - - Crawford Bayley & Co 11 0.8 1 Joby Mathew & Associates Advocates 12 0.4 0 1 8 1.0 (0.6) Joby Mathew & Associates Advocates 12 0.4 1 Ink & Law 13 0.4 0 1 - - - Ink & Law 13 0.4 1 Mahesh Shah & Co 14 0.2 0 1 - - - Mahesh Shah & Co 14 0.2 1 TOTAL 100% 10 27 14 100% TOTAL 100% 27

Includes all eligible initial public offerings from Indian issuers. Volume in INR billions.

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Legal League Tables Malaysia Equity IPO Issuer Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE MYR (Mln) COUNT SHARE CHG (%) SHARE COUNT Baker & McKenzie 1 23.4 945 1 - - - Wong Beh & Toh 5 11.0 2 Lee Choon Wan & Co 2 18.6 750 1 - - - Kadir Andri Aidham & Partners 7 5.2 2 Albar & Partners 3 13.0 525 1 1 16.4 (3.4) Teh & Lee 9 1.5 2 Azzat & Izzat 3 13.0 525 1 - - - Baker & McKenzie 1 23.4 1 Wong Beh & Toh 5 11.0 444 2 16 0.3 10.7 Lee Choon Wan & Co 2 18.6 1 Clifford Chance LLP 6 9.1 366 1 4 13.5 (4.4) Albar & Partners 3 13.0 1 Kadir Andri Aidham & Partners 7 5.2 211 2 3 16.0 (10.8) Azzat & Izzat 3 13.0 1 Tay & Helen Wong 8 1.8 73 1 - - - Clifford Chance LLP 6 9.1 1 Teh & Lee 9 1.5 62 2 - - - Tay & Helen Wong 8 1.8 1 Jeff Leong Poon & Wong 10 1.2 50 1 13 1.5 (0.3) Jeff Leong Poon & Wong 10 1.2 1 Amin Yap & Co 11 0.8 34 1 - - - Amin Yap & Co 11 0.8 1 Azman Davidson & Co 12 0.7 28 1 10 2.5 (1.8) Azman Davidson & Co 12 0.7 1 Cheang & Ariff 13 0.2 9 1 9 2.7 (2.5) Cheang & Ariff 13 0.2 1 Shook Lin & Bok 13 0.2 9 1 - - - Shook Lin & Bok 13 0.2 1 TOTAL 100% 4,030 13 8,276 100% TOTAL 100% 13

Includes all eligible domestic initial public offerings from Malaysian issuers. Volume in MYR Millions.

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Legal League Tables Asia-Pac ex-Japan Loans Lender Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Allens 1 11.0 42,700 43 7 4.1 6.9 Baker & McKenzie 7 4.4 64 Allen & Overy LLP 2 7.9 30,591 59 1 10.6 (2.7) Allen & Overy LLP 2 7.9 59 Clifford Chance LLP 3 7.9 30,503 49 2 10.0 (2.1) Clifford Chance LLP 3 7.9 49 Amarchand Mangaldas & Suresh A Shroff 4 6.3 24,545 35 5 5.4 0.9 Lee & Ko 10 3.1 45 Linklaters LLP 5 5.3 20,522 36 12 2.5 2.8 Allens 1 11.0 43 King & Wood Mallesons 6 4.7 18,015 36 3 9.6 (4.9) Linklaters LLP 5 5.3 36 Baker & McKenzie 7 4.4 17,034 64 4 5.7 (1.3) King & Wood Mallesons 6 4.7 36 Allen & Gledhill 8 4.3 16,506 22 16 1.4 2.9 Amarchand Mangaldas & Suresh A Shroff 4 6.3 35 Norton Rose Fulbright LLP 9 4.1 15,989 32 9 3.4 0.7 Norton Rose Fulbright LLP 9 4.1 32 Lee & Ko 10 3.1 12,158 45 11 2.8 0.3 Herbert Smith Freehills 12 2.7 30 Minter Ellison 11 3.1 11,857 26 15 1.5 1.6 Minter Ellison 11 3.1 26 Herbert Smith Freehills 12 2.7 10,567 30 6 5.2 (2.5) Allen & Gledhill 8 4.3 22 Freshfields Bruckhaus Deringer 13 2.3 8,744 3 64 0.2 2.1 Kim & Chang 21 1.1 18 WongPartnership LLP 14 1.7 6,486 12 20 0.7 1.0 Ashurst LLP 16 1.4 17 Mayer Brown LLP 15 1.5 5,972 15 19 0.9 0.6 Link Legal 17 1.3 16 Ashurst LLP 16 1.4 5,592 17 10 3.1 (1.7) Mayer Brown LLP 15 1.5 15 Link Legal 17 1.3 5,039 16 36 0.4 0.9 White & Case LLP 20 1.1 15 DLA Piper LLP 18 1.3 5,025 2 97 0.1 1.2 Chen & Associates Attorneys at Law 35 0.4 15 Hogan Lovells 19 1.2 4,514 9 46 0.3 0.9 Taiwan Commercial Law Offices 26 0.8 14 White & Case LLP 20 1.1 4,309 15 8 3.9 (2.8) Bell Gully 23 0.8 13 TOTAL 100% 386,851 879 312,442 100% TOTAL 100% 879

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Legal League Tables Asia-Pac ex-Japan Loans Borrower Advisers Ranked by Volume Ranked by Deal Count

1/1/14 - 12/31/14 2014 2013 MKT 1/1/14 - 12/31/14 2014

RANK MKT VOLUME DEAL RANK MKT SHARE RANK MKT DEAL FIRM FIRM SHARE USD (Mln) COUNT SHARE CHG (%) SHARE COUNT Herbert Smith Freehills 1 9.8 20,743 28 3 7.0 2.8 King & Wood Mallesons 2 8.4 37 King & Wood Mallesons 2 8.4 17,783 37 2 9.2 (0.8) Herbert Smith Freehills 1 9.8 28 Allens 3 7.4 15,673 23 1 11.8 (4.4) Allens 3 7.4 23 Allen & Gledhill 4 4.2 8,895 8 17 1.9 2.3 Kim & Chang 22 1.7 17 White & Case LLP 5 3.8 7,979 9 9 2.4 1.4 Ashurst LLP 6 3.2 14 Ashurst LLP 6 3.2 6,742 14 12 2.3 0.9 Lee & Ko 8 3.0 14 Linklaters LLP 7 3.1 6,497 9 28 0.9 2.2 Clifford Chance LLP 10 2.9 12 Lee & Ko 8 3.0 6,305 14 7 3.3 (0.3) Baker & McKenzie 11 2.8 11 Latham & Watkins LLP 9 2.9 6,102 6 35 0.5 2.4 Clayton Utz 19 2.0 11 Clifford Chance LLP 10 2.9 6,030 12 10 2.3 0.6 Minter Ellison 30 0.8 10 Baker & McKenzie 11 2.8 5,934 11 4 6.6 (3.8) White & Case LLP 5 3.8 9 WongPartnership LLP 12 2.6 5,505 8 46 0.3 2.3 Linklaters LLP 7 3.1 9 Watson Farley & Williams 13 2.5 5,300 6 18 1.6 0.9 Gilbert + Tobin 17 2.1 9 Freshfields Bruckhaus Deringer 14 2.3 4,944 2 6 4.0 (1.7) Vincible Law Office 50 0.3 9 Allen & Overy LLP 15 2.2 4,558 8 5 4.3 (2.1) Allen & Gledhill 4 4.2 8 Paul Weiss Rifkind Wharton & Garrison 16 2.1 4,389 1 - - - WongPartnership LLP 12 2.6 8 Gilbert + Tobin 17 2.1 4,380 9 20 1.4 0.7 Allen & Overy LLP 15 2.2 8 AZB & Partners 18 2.1 4,347 2 14 2.0 0.1 Mayne Wetherell 20 1.9 8 Clayton Utz 19 2.0 4,166 11 19 1.5 0.5 Russell McVeagh 24 1.6 8 Mayne Wetherell 20 1.9 4,092 8 96 0.1 1.8 Amarchand Mangaldas & Suresh A Shroff 21 1.8 7 TOTAL 100% 211,487 421 209,306 100% TOTAL 100% 421

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Credit is based on the total amount of the offering. Full credit is awarded to the legal adviser to the manager and legal adviser to the issuer. If multiple advisers are in the same role, credit is split equally.

Fixed Income

All transaction must have a maturity or a call/put option of minimum 18 month. Make-whole calls, provisional calls/puts are exempt from this rule. Note: criteria may vary for some local and/or regional tables.

U.S. dollar denominated 144A/REG S issues are credited 100% to the 144A tranche and 0% to the REG S tranche. Non-U.S. dollar denominated 144A/REG S issues are credited 100% to the REG S tranche and 0% to the 144A tranche.

New money portions of exchange offers will be 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, tax counsel.

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, preferred offerings, pre-negotiated offerings, tax counsel. Note: Criteria may vary for some local and/or regional table.

Full versions of Bloomberg’s League Tables Standards & Guidelines can be accessed on Bloomberg Professional:

{IDOC 2027014 }: Legal Adviser Fixed Income {IDOC 2021549 }: Legal Adviser Equity {IDOC 2016703 }: Fixed Income {IDOC 2016701 }: Equity {IDOC 2065648 }: Syndicated Loans {IDOC 2027097 }: Equity Linked {IDOC 2061504 }: Structured Note

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.