Most Active Law Firms
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16 Dow Jones Private Equity Analyst April 2013 Insight APRIL 1, 2013 © 2013 Dow Jones & Company, Inc. All Rights Reserved. Most Active Law Firms By Number of Deals Below is a ranking of law firms based on the number of private equity and venture capital deals they have negotiated and closed on in 2012. The ranking was based on self-reporting by law firms. Firm Rank/Name PE VC Total Description of Largest Deal 1 Gunderson Dettmer Stough 3 1049 1052 Represented Tiger Global Management in its 360buy.com investment. Villeneuve Franklin & Hachigian LLP 2 DLA Piper LLP 410 581 991 Did not disclose. 3 Wilson Sonsini Goodrich 10 974 984 Did not disclose. & Rosati LLP 4 Goodwin Procter LLP 302 629 931 Did not disclose. 5 Lowenstein Sandler LLP 49 475 524 Represented Buddy Media Inc. in its $745M sale to Salesforce.com Inc. 6 Cooley LLP 72 310 382 Did not disclose. 7 SNR Denton LLP 50 325 375 Advised Sungevity Inc. in a $125M financing consisting of $40M in VC financing led by Brightpath Capital Partners. 8 Fenwick & West LLP 6 336 342 Represented GitHub Inc. in $100M Series A financing, Pinterest Inc. in $100M Series C financing and Castlight Health Inc. in $100M Series D financing. 9 Orrick Herrington & Sutcliffe LLP 36 286 322 Advised Fisker Automotive Inc. on about $289M in VC and convertible debt financing. 10 Proskauer Rose LLP 280 22 302 Did not disclose. 11 Ropes & Gray LLP 222 71 293 Represented TPG Capital in its $1.9B acquisition of Par Pharmaceutical Cos. 12 WilmerHale LLP 45 219 264 Represented Kiva Systems Inc. in its acquisition by Amazon.com Inc. for $775M in cash. 13 Edwards Wildman Palmer LLP 50 211 261 Did not disclose. 14 K&L Gates LLP 213 19 232 Did not disclose. Nixon Peabody LLP 193 39 232 Did not disclose. 16 Latham & Watkins LLP 112 112 224 Advised Carlyle Group on its acquisition of DuPont Performance Coatings for $4.9B in cash. 17 O’Melveny & Myers LLP 59 164 223 Represented Coller Capital in its £1.03B acquisition of a private equity portfolio from Lloyds Banking Group PLC (and in the transfer of £220 million of undrawn commitments). 18 Morrison & Foerster LLP 67 152 219 Represented SoftBank Capital in repurchase by Alibaba Group Holdings Ltd. of shares from Yahoo Inc. for $7.6B 19 Kirkland & Ellis LLP 185 3 188 Represented Blum Capital Partners and Golden Gate Capital in the $2B acquisition of Collective Brands Inc. 20 Jones Day LLP 101 85 186 Advised Temasek Holdings (Private) Ltd. in connection with its $1.125B co-investment in Venari Resources LLC. Co-investors included Warburg Pincus, Kelso & Co. and Jordan Co. 21 Willkie Farr & Gallagher LLP 100+ 50+ 150+ Represented Riverstone Holdings and affiliated funds in the $7.15B acquisition of El Paso Energy’s oil and gas business. 22 Morgan Lewis & Bockius LLP 47 88 135 Represented Smart & Final Holdings Corp. in its $975M sale to Ares Management. 23 Dechert LLP 60 63 123 Did not disclose. 24 Weil Gotshal & Manges LLP 103 5 108 Represented Oak Hill Capital Partners in the sale of RSC Holdings Inc. to United Rentals Inc., valuing the deal at $4.2B. 25 Andrews Kurth LLP 36 65 101 Represented Cordillera Energy Partners III LLC in its $3.1B acquisition by Apache Corp. Morrison Cohen LLP 89 12 101 Did not disclose. Pillsbury Winthrop Shaw Pittman LLP 11 90 101 Did not disclose. 28 Paul Weiss Rifkind Wharton LLP 93 5 98 Represented Apollo Global Management, as part of a consortium, in the $7.15B acquisition of the energy and power business of El Paso Corp. 29 Dorsey & Whitney LLP 52 45 97 Represented Liberty Global Inc. in a joint venture between Liberty Cablevision of Puerto Rico and OneLink Communications and investment funds affiliated with Searchlight Capital Partners. The transaction valued OneLink at around $585M. 30 Ice Miller LLP 65 31 96 Represented a Chicago-based payment services company in a $95M stock purchase agreement to a private equity fund. 31 Choate Hall & Stewart LLP 64 30 94 Did not disclose. 32 Hogan Lovells 35 56 91 Advised Abcam PLC on its $170M acquisition of VC-backed Epitomics International Inc. 33 Foley & Lardner LLP 22 64 86 Represented Housatonic Partners and Crosslink Capital as equity sponsors in a $75M acquisition of 16 data centers nationwide by 365 Main Inc. from Equinix Inc. Winston & Strawn LLP 74 12 86 Represented Highstar Capital and Star Atlantic Waste Holdings II LP in the $1.9B purchase of Veolia ES Solid Waste Inc. from Veolia Environmental Services North America Corp. 35 Yigal Arnon & Co. 0 83 83 $28 million preferred D shares investment in Kaminario Inc. by Sequoia Capital, Pitango Venture Capital, Globespan Capital Partners, SCGE, Tenaya Capital and Mitsui & Co. 36 Skadden Arps Slate 78 4 82 Represented NDS Group Ltd. and its owners Permira and News Corp. in the $5B sale to Meagher & Flom LLP Cisco Systems Inc. 37 King & Spalding LLP 71 10 81 Advised Roark Capital Group in connection with its acquisition of Massage Envy LLC. The Publisher’s sale Of This rePrinT DOes not COnsTiTuTe Or imPly any endorsemenT Or sponsOrshiP Of any PrODuct, serviCe, COmPany Or OrganizaTiOn. Custom Reprints 800.843.0008 www.djreprints.com DO NOT EDIT OR ALTER REPRINT•••/ REPRODUCTIONS NOT PERMITTED 47072 18 Dow Jones Private Equity Analyst April 2013 Insight Most Active Law Firms By Number of Funds Below is a ranking of law firms based on the number of private equity or venture capital funds they have worked on for general partners and limited partners that had a final close in 2012. Law firms that represented more than one LP in a single fund were asked to count that as a single fund. The ranking was based on self-reporting by law firms. Firm Rank/Name GP LP Total Description of Largest Fund 1 Morgan Lewis & Bockius LLP 51 391 442 Did not disclose. 2 Proskauer Rose LLP 158 275 433 Advised New Enterprise Associates in structuring New Enterprise Associates XIV LP with $2.6B in commitments. 3 Ropes & Gray LLP 96 325 421 Did not disclose. 4 Nixon Peabody LLP 57 275 332 Did not disclose. 5 Jackson Walker LLP 0 268 268 Advent International GPE VII LP, with €8.5B in subscriptions. 6 Morrison & Foerster LLP 73 167 240 Represented general partner in formation of $680M offshore private equity fund. 7 Ice Miller LLP 4 174 178 Represented several LPs backing the $16B Blackstone Capital Partners VI LP. 8 Cooley LLP 56 78 134 Did not disclose. 9 Mayer Brown LLP 32 92 124 Did not disclose. 10 Latham & Watkins LLP 87 21 108 Did not disclose. 11 O’Melveny & Myers LLP 35 72 107 Represented Coller Capital in fundraising CIP VI, which held a final close in July 2012 in excess of $5.5B. 12 Edwards Wildman Palmer LLP 84 20 104 Did not disclose. 13 K&L Gates LLP 16 85 101 Did not disclose. 14 Willkie Farr & Gallagher LLP 15 85 100 Represented an investor in a $6B energy private equity fund. 15 Schulte Roth & Zabel LLP 41 52 93 Represented GSO Capital Partners LP in connection with the offering and formation of GSO Capital Opportunities Fund II LP, with approximately $4.3B in commitments. 16 Paul Weiss Rifkind 67 21 88 Represented Apollo Global Management in its $3B strategic partnership with the Wharton & Garrison LLP Teacher Retirement System of Texas. 17 Kirkland & Ellis LLP 43 41 84 Represented Golden Gate Capital Opportunity Fund LP, which held its final closing in August 2012 with $3.7B in commitments. 18 Davis Polk Wardwell LLP 4 72 76 JPM feeder funds into Riverstone Global Energy V and Highbridge Mezzanine Fund II. Fried Frank Harris Shriver 42 34 76 Counsel to a confidential client in connection with a multivehicle fund with over $3B in & Jacobson LLP capital commitments. 20 Hogan Lovells 8 62 70 Did not disclose. 21 Jones Day LLP 15 52 67 Represented an undisclosed LP in its investment in Victoria South American Partners II LP, a $850M fund that closed in March 2012. 22 Winston & Strawn LLP 9 53 62 Did not disclose. 23 Fulbright & Jaworski LLP 7 54 61 Represented an investor reorientation in the formation of a related series of captive funds totaling more than $6B in commitments. King & Spalding LLP 13 48 61 Advised Haddington Ventures in connection with its $350M fundraising for Fund IV. 25 Debevoise & Plimpton LLP 15 45 60 Represented Global Infrastructure Partners on the raising of Global Infrastructure Partners II, a $8.25B infrastructure fund. 26 Simpson Thacher & Bartlett LLP 27 30 57 Represented Blackstone Group in the establishment of Blackstone Capital Partners VI. 27 Gunderson Dettmer Stough 56 0 56 Represented Andreessen Horowitz in the formation of its Fund III, with commitments of $1.5B. Villeneuve Franklin & Hachigian LLP 28 DLA Piper LLP 15 39 54 Did not disclose. 29 Gibson Dunn & Crutcher LLP 11 41 52 Counsel to Leonard Green & Partners in the formation of Green Equity Investors V LP, which closed at $6.25B. Orrick Herrington & Sutcliffe LLP 8 44 52 Advised governmental pension plan in connection with its $200M investment in Denham Commodity Partners Funds VI LP, a $3B energy- and resource-focused fund. 31 Reinhart Boerner Van Deuren SC 0 46 46 Did not disclose. 32 Morrison Cohen LLP 15 29 44 Did not disclose. Weil Gotshal & Manges LLP 22 22 44 Did not disclose. 34 SJ Berwin LLP 31 12 43 Acted for Meridiam with respect to the creation of Meridiam Infrastructure Europe II, a €935M infrastructure fund which closed in April 2012.