GLOBAL LEGAL ADVISER LEAGUE TABLES
Q1 2017 Q1 2017 Preliminary
LEGAL ADVISER 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.
LEAG
MA
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 Hung Truong +65 6212 1326 [email protected]
© 2017 Bloomberg Finance L.P. All rights reserved. Bloomberg Global Legal Adviser | Q1 2017
Global Equity, Equity Linked & Rights: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Latham & Watkins LLP 1 3.71 25 Linklaters LLP 1 12.070 15,178 2 1 6.725 5.345 Grandall Law Firm 2 1.03 19 Vinson & Elkins LLP 2 5.509 6,927 14 6 3.471 2.038 Conyers Dill & Pearman 3 0.87 15 King & Wood Mallesons 3 4.483 5,637 10 56 0.401 4.082 Beijing Deheng Law 4 0.73 14 Cooley LLP 4 3.795 4,772 12 45 0.620 3.175 Latham & Watkins LLP 5 3.709 4,664 25 14 2.172 1.537 Vinson & Elkins LLP 4 5.51 14 Simpson Thacher & Bartlett 6 2.784 3,501 10 16 1.484 1.300 Beijing Grandway Law Offices 6 0.59 12 Davis Polk & Wardwell 7 2.766 3,478 8 - - 2.766 Cooley LLP 6 3.79 12 Weil Gotshal & Manges LLP 8 2.523 3,173 6 38 0.805 1.718 Allbright Law Office 8 0.45 11 Gibson Dunn & Crutcher 9 2.282 2,870 7 103 0.099 2.183 Appleby 8 0.08 11 Sullivan & Cromwell 10 2.016 2,535 11 19 1.292 0.724 Skadden Arps Slate Meagher & 11 1.971 2,479 9 9 3.008 -1.037 Paul Weiss Rifkind Wharton & 8 1.74 11 Flom Garrison Cravath Swaine & Moore 12 1.877 2,360 3 99 0.105 1.772 Sullivan & Cromwell 8 2.02 11 Venable LLP 13 1.757 2,209 10 13 2.207 -0.450 Baker & McKenzie 12 0.54 10 Paul Weiss Rifkind Wharton & 14 1.738 2,185 11 21 1.268 0.470 King & Wood Mallesons 12 4.48 10 Garrison Bredin Prat 15 1.727 2,171 1 - - 1.727 Simpson Thacher & Bartlett 12 2.78 10 Fried Frank Harris Shriver & 16 1.413 1,776 4 - - 1.413 Venable LLP 12 1.76 10 Jacobson Goodwin Procter LLP 16 0.57 9 Wilson Sonsini Goodrich & Rosati 17 1.394 1,753 6 44 0.704 0.690 Skadden Arps Slate Meagher & 16 1.97 9 Sidley Austin LLP 18 1.389 1,747 5 - - 1.389 Flom Nagashima Ohno & Tsunematsu 19 1.175 1,478 3 10 2.843 -1.668 Blake Cassels & Graydon LLP 18 0.83 8 Stikeman Elliott 20 1.159 1,457 4 139 0.043 1.116 TOTAL 100% 125,747 663 100% DLA Piper LLP 18 0.66 8 Davis Polk & Wardwell 18 2.77 8
Bloomberg League Table Reports Page 1 Bloomberg Global Legal Adviser | Q1 2017
Global Equity, Equity Linked & Rights: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Latham & Watkins LLP 1 10.87 48 White & Case LLP 1 14.865 16,292 10 23 1.151 13.714 Davis Polk & Wardwell 2 5.38 27 Latham & Watkins LLP 2 10.870 11,913 48 4 5.878 4.992 Simpson Thacher & Bartlett 3 6.54 19 Simpson Thacher & Bartlett 3 6.541 7,169 19 15 1.824 4.717 Linklaters LLP 4 5.06 15 Goodwin Procter LLP 4 5.818 6,376 12 63 0.099 5.719 Davis Polk & Wardwell 5 5.383 5,900 27 1 14.608 -9.225 Stikeman Elliott 5 0.55 14 Linklaters LLP 6 5.062 5,548 15 8 3.377 1.685 Cooley LLP 6 0.84 13 Sullivan & Cromwell 7 4.675 5,124 4 35 0.558 4.117 Skadden Arps Slate Meagher & 6 1.87 13 Cahill Gordon & Reindel 8 3.602 3,947 8 12 2.176 1.426 Flom Shearman & Sterling LLP 9 3.463 3,795 7 14 2.052 1.411 Blake Cassels & Graydon LLP 8 1.81 12 Vinson & Elkins LLP 10 2.694 2,952 10 11 2.330 0.364 Freshfields Bruckhaus Deringer 8 2.15 12 Freshfields Bruckhaus Deringer 11 2.146 2,352 12 21 1.230 0.916 Goodwin Procter LLP 8 5.82 12 Baker Botts LLP 12 2.126 2,330 4 9 3.239 -1.113 Sidley Austin LLP 13 1.885 2,066 6 3 8.293 -6.408 Vinson & Elkins LLP 11 2.69 10 Skadden Arps Slate Meagher & 14 1.870 2,050 13 13 2.173 -0.303 White & Case LLP 11 14.87 10 Flom Borden Ladner Gervais LLP 13 0.34 9 Blake Cassels & Graydon LLP 15 1.814 1,988 12 26 0.970 0.844 Clifford Chance LLP 13 0.96 9 Fried Frank Harris Shriver & 16 1.640 1,798 3 68 0.082 1.558 Jacobson Covington & Burling 13 0.85 9 Hogan Lovells US LLP 17 1.578 1,730 5 38 0.493 1.085 Ellenoff Grossman Schole & Cyruli 13 0.22 9 Paul Hastings LLP 18 1.238 1,356 4 36 0.551 0.687 LLP Ashurst LLP 19 1.194 1,308 2 20 1.278 -0.084 Mintz Levin Cohn Ferris Glovsky & 13 0.18 9 Norton Rose Fulbright LLP 20 1.190 1,304 6 6 4.588 -3.398 Popeo PC TOTAL 100% 109,597 450 100% Cahill Gordon & Reindel 18 3.60 8 Herbert Smith Freehills 19 0.54 7 Jingtian & Gongcheng 19 0.27 7
Bloomberg League Table Reports Page 2 Bloomberg Global Legal Adviser | Q1 2017
Global Equity IPO: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Firm Rank Share(%) Deal Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Grandall Law Firm 1 2.19 18 Cooley LLP 1 12.371 3,958 2 22 1.217 11.154 Beijing Deheng Law 2 2.55 13 Weil Gotshal & Manges LLP 2 4.669 1,494 3 7 3.876 0.793 Conyers Dill & Pearman 2 0.46 13 King & Wood Mallesons 3 4.028 1,289 9 11 2.621 1.407 Beijing Grandway Law 4 2.31 12 Simpson Thacher & Bartlett 4 3.445 1,102 2 10 3.368 0.077 Offices Venable LLP 5 2.902 929 2 - - 2.902 Allbright Law Office 5 1.78 11 Beijing Deheng Law 6 2.547 815 13 42 0.442 2.105 Latham & Watkins LLP 7 2.422 775 5 5 5.019 -2.597 Appleby 5 0.32 11 Herbert Smith Freehills 8 2.381 762 1 - - 2.381 King & Wood Mallesons 7 4.03 9 Beijing Grandway Law Offices 9 2.314 741 12 18 1.949 0.365 Zhong Lun Law Firm 8 1.30 8 Davis Polk & Wardwell 10 2.234 715 2 - - 2.234 Shu Jin Law Firm 9 2.15 7 Grandall Law Firm 11 2.187 700 18 15 2.098 0.089 Hunan Qiyuan Law Firm 10 1.32 6 Shu Jin Law Firm 12 2.148 687 7 87 0.029 2.119 Ellenoff Grossman Schole & Cyruli 13 2.110 675 2 32 0.635 1.475 M V Kini & Co 10 0.04 6 LLP DLA Piper LLP 12 1.89 5 Fried Frank Harris Shriver & 14 2.067 661 1 - - 2.067 Kanga & Co 12 0.04 5 Jacobson DLA Piper LLP 15 1.890 605 5 47 0.354 1.536 Latham & Watkins LLP 12 2.42 5 Schulte Roth & Zabel LLP 16 1.827 585 1 - - 1.827 Baker & McKenzie 15 0.40 4 Allbright Law Office 17 1.785 571 11 69 0.090 1.695 Fangda Partners 15 0.45 4 Vinson & Elkins LLP 18 1.734 555 2 - - 1.734 Jia Yuan Law Firm 15 0.52 4 Allen & Overy LLP 19 1.448 463 2 13 2.232 -0.784 Jun He Law Offices 15 1.16 4 Hunan Qiyuan Law Firm 20 1.321 423 6 48 0.347 0.974 TOTAL 100% 31,997 296 100% Maples & Calder 15 0.98 4 Tian Yuan Law Firm 15 0.63 4
Bloomberg League Table Reports Page 3 Bloomberg Global Legal Adviser | Q1 2017
Global Equity IPO: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Jingtian & Gongcheng 1 1.22 7 Goodwin Procter LLP 1 24.818 5,939 4 45 0.152 24.666 Latham & Watkins LLP 1 7.25 7 Latham & Watkins LLP 2 7.251 1,735 7 12 2.698 4.553 Clifford Chance LLP 3 1.89 5 Vinson & Elkins LLP 3 6.149 1,471 3 - - 6.149 Loeb & Loeb LLP 3 0.20 5 White & Case LLP 4 5.508 1,318 5 11 2.880 2.628 Paul Hastings LLP 5 5.295 1,267 3 - - 5.295 White & Case LLP 3 5.51 5 Linklaters LLP 6 4.530 1,084 2 - - 4.530 Davis Polk & Wardwell 6 3.84 4 Cahill Gordon & Reindel 7 3.923 939 2 - - 3.923 Goodwin Procter LLP 6 24.82 4 Davis Polk & Wardwell 8 3.839 919 4 4 7.406 -3.567 Norton Rose Fulbright LLP 6 3.42 4 Freshfields Bruckhaus Deringer 9 3.616 865 3 8 5.002 -1.386 Cooley LLP 9 1.11 3 Norton Rose Fulbright LLP 10 3.421 819 4 44 0.157 3.264 Simpson Thacher & Bartlett 11 2.464 590 2 - - 2.464 Freshfields Bruckhaus 9 3.62 3 Deringer Andrews Kurth LLP 12 1.981 474 1 - - 1.981 Clifford Chance LLP 13 1.894 453 5 1 15.476 -13.582 Herbert Smith Freehills 9 1.00 3 Gibson Dunn & Crutcher 14 1.745 418 1 - - 1.745 Paul Hastings LLP 9 5.30 3 Mattos Filho Veiga Filho Marrey 15 1.530 366 1 - - 1.530 Vinson & Elkins LLP 9 6.15 3 Quiroga Burstall Winger LLP 14 0.06 2 Gowling Lafleur Henderson 16 1.485 355 2 - - 1.485 Winston & Strawn 17 1.463 350 1 - - 1.463 Gowling Lafleur Henderson 14 1.49 2 Jingtian & Gongcheng 18 1.224 293 7 20 0.917 0.307 Howse Williams Bowers 14 0.16 2 Cheang & Ariff 19 1.220 292 1 - - 1.220 Linklaters LLP 14 4.53 2 Cooley LLP 20 1.106 265 3 28 0.577 0.529 Miller Thomson LLP 14 0.01 2 TOTAL 100% 23,928 110 100% Simpson Thacher & Bartlett 14 2.46 2 Stephenson Harwood 14 0.05 2
Bloomberg League Table Reports Page 4 Bloomberg Global Legal Adviser | Q1 2017
Global Bonds: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Sullivan & Cromwell 1 13.66 25 Sullivan & Cromwell 1 13.664 33,331 25 1 24.562 -10.898 Cleary Gottlieb Steen & Hamilton 2 11.08 24 Simpson Thacher & Bartlett 2 11.089 27,050 14 6 3.465 7.624 Davis Polk & Wardwell 3 5.59 18 Cleary Gottlieb Steen & Hamilton 3 11.079 27,025 24 3 5.495 5.584 Hogan Lovells US LLP 4 5.82 15 Hogan Lovells US LLP 4 5.821 14,200 15 22 1.058 4.763 Davis Polk & Wardwell 5 5.592 13,642 18 2 8.877 -3.285 Simpson Thacher & Bartlett 5 11.09 14 Hunton & Williams 6 3.874 9,450 12 10 2.563 1.311 Hunton & Williams 6 3.87 12 Cravath Swaine & Moore 7 3.606 8,795 7 5 3.969 -0.363 Linklaters LLP 7 2.87 8 Linklaters LLP 8 2.872 7,007 8 18 1.304 1.568 Norton Rose Fulbright LLP 7 1.08 8 Covington & Burling 9 2.460 6,000 6 9 2.662 -0.202 Pillsbury Winthrop Shaw Pittman 7 1.78 8 Sidley Austin LLP 10 2.326 5,675 6 8 2.828 -0.502 LLP Arnold & Porter 11 1.906 4,650 4 12 1.819 0.087 Cravath Swaine & Moore 10 3.61 7 Shearman & Sterling LLP 12 1.808 4,411 4 11 2.290 -0.482 Pillsbury Winthrop Shaw Pittman 13 1.783 4,350 8 69 0.116 1.667 Covington & Burling 11 2.46 6 LLP Debevoise & Plimpton LLP 11 1.33 6 Faegre Baker Daniels LLP 14 1.660 4,050 2 19 1.240 0.420 King & Wood Mallesons 11 1.03 6 White & Case LLP 15 1.582 3,859 4 15 1.812 -0.230 Sidley Austin LLP 11 2.33 6 Mayer Brown LLP 16 1.537 3,750 4 42 0.372 1.165 Debevoise & Plimpton LLP 17 1.332 3,250 6 48 0.301 1.031 Gibson Dunn & Crutcher 15 1.15 5 Borden Ladner Gervais LLP 18 1.193 2,909 2 53 0.242 0.951 Arnold & Porter 16 1.91 4 Gibson Dunn & Crutcher 19 1.148 2,800 5 - - 1.148 Mayer Brown LLP 16 1.54 4 Paul Weiss Rifkind Wharton & 20 1.127 2,750 4 26 0.827 0.300 Paul Weiss Rifkind Wharton & 16 1.13 4 Garrison Garrison TOTAL 100% 243,931 233 100% Shearman & Sterling LLP 16 1.81 4 White & Case LLP 16 1.58 4
Bloomberg League Table Reports Page 5 Bloomberg Global Legal Adviser | Q1 2017
Global Bonds: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Sullivan & Cromwell 1 12.49 48 Simpson Thacher & Bartlett 1 13.193 38,531 36 2 14.530 -1.337 Davis Polk & Wardwell 2 10.21 44 Sullivan & Cromwell 2 12.492 36,484 48 3 9.417 3.075 Simpson Thacher & Bartlett 3 13.19 36 Davis Polk & Wardwell 3 10.210 29,820 44 4 7.918 2.292 Linklaters LLP 4 2.41 30 Cleary Gottlieb Steen & Hamilton 4 9.120 26,636 27 5 6.843 2.277 Weil Gotshal & Manges LLP 5 5.821 17,000 7 - - 5.821 Cleary Gottlieb Steen & Hamilton 5 9.12 27 Cravath Swaine & Moore 6 5.299 15,475 13 6 6.637 -1.338 Sidley Austin LLP 6 5.29 20 Sidley Austin LLP 7 5.285 15,435 20 9 5.108 0.177 Shearman & Sterling LLP 7 4.78 15 Shearman & Sterling LLP 8 4.777 13,950 15 7 5.600 -0.823 Cravath Swaine & Moore 8 5.30 13 Skadden Arps Slate Meagher & 9 3.373 9,850 10 28 0.302 3.071 Allen & Overy LLP 9 3.35 10 Flom Allen & Overy LLP 10 3.347 9,776 10 1 15.101 -11.754 Clifford Chance LLP 9 3.16 10 Clifford Chance LLP 11 3.160 9,229 10 16 1.204 1.956 Skadden Arps Slate Meagher & 9 3.37 10 Linklaters LLP 12 2.412 7,044 30 8 5.342 -2.930 Flom Hengeler Mueller 13 2.243 6,550 4 12 2.108 0.135 Pillsbury Winthrop Shaw Pittman 12 1.91 8 Pillsbury Winthrop Shaw Pittman 14 1.909 5,575 8 30 0.275 1.634 LLP LLP Weil Gotshal & Manges LLP 13 5.82 7 Milbank Tweed Hadley & McCloy 15 1.806 5,275 5 - - 1.806 LLP Milbank Tweed Hadley & McCloy 14 1.81 5 LLP Osler Hoskin & Harcourt LLP 16 1.494 4,365 3 26 0.401 1.093 Gibson Dunn & Crutcher 17 1.455 4,250 2 15 1.223 0.232 Hengeler Mueller 15 2.24 4 DLA Piper LLP 18 1.198 3,500 2 - - 1.198 Hunton & Williams 15 0.55 4 Norton Rose Fulbright LLP 19 0.800 2,338 3 - - 0.800 Morrison & Foerster LLP 17 0.68 3 Stikeman Elliott 20 0.747 2,180 3 34 0.210 0.537 Norton Rose Fulbright LLP 17 0.80 3 TOTAL 100% 292,052 299 100% Osler Hoskin & Harcourt LLP 17 1.49 3 Stikeman Elliott 17 0.75 3
Bloomberg League Table Reports Page 6 Bloomberg Global Legal Adviser | Q1 2017
US Equity Offerings: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Latham & Watkins LLP 1 5.95 16 Vinson & Elkins LLP 1 10.942 5,768 10 3 8.055 2.887 Vinson & Elkins LLP 2 10.94 10 Cooley LLP 2 8.795 4,636 9 20 1.480 7.315 Cooley LLP 3 8.80 9 Simpson Thacher & Bartlett 3 5.957 3,140 8 13 2.335 3.622 Venable LLP 3 4.06 9 Latham & Watkins LLP 4 5.951 3,137 16 7 3.397 2.554 Weil Gotshal & Manges LLP 5 5.907 3,114 5 18 1.944 3.963 Simpson Thacher & Bartlett 5 5.96 8 Gibson Dunn & Crutcher 6 5.444 2,870 7 49 0.238 5.206 Gibson Dunn & Crutcher 6 5.44 7 Davis Polk & Wardwell 7 5.339 2,814 4 - - 5.339 Goodwin Procter LLP 6 1.16 7 Venable LLP 8 4.060 2,140 9 6 5.332 -1.272 Fenwick & West LLP 8 1.24 6 Skadden Arps Slate Meagher & 9 3.125 1,647 6 5 7.267 -4.142 Skadden Arps Slate Meagher & 8 3.12 6 Flom Flom Sidley Austin LLP 10 3.066 1,616 3 - - 3.066 Fried Frank Harris Shriver & 11 2.497 1,316 3 - - 2.497 Baker Botts LLP 10 0.71 5 Jacobson Sullivan & Cromwell 10 2.36 5 Sullivan & Cromwell 12 2.364 1,246 5 - - 2.364 Weil Gotshal & Manges LLP 10 5.91 5 Jenner & Block LLC 13 2.042 1,076 1 - - 2.042 Davis Polk & Wardwell 13 5.34 4 Ropes & Gray 14 1.488 784 4 10 2.513 -1.025 Jones Day 15 1.458 769 4 - - 1.458 Jones Day 13 1.46 4 Conyers Dill & Pearman 16 1.455 767 1 51 0.205 1.250 Morgan Lewis & Bockius 13 0.65 4 Wilson Sonsini Goodrich & Rosati 17 1.369 722 4 45 0.358 1.011 Ropes & Gray 13 1.49 4 DLA Piper LLP 18 1.328 700 3 52 0.182 1.146 Wilson Sonsini Goodrich & Rosati 13 1.37 4 Ellenoff Grossman Schole & Cyruli 19 1.280 675 2 50 0.234 1.046 Fried Frank Harris Shriver & 18 2.50 3 LLP Jacobson Debevoise & Plimpton LLP 20 1.252 660 2 - - 1.252 TOTAL 100% 52,714 220 100% Sidley Austin LLP 18 3.07 3 Wilmer Cutler Pickering Hale & 18 0.28 3 Dorr LLP
Bloomberg League Table Reports Page 7 Bloomberg Global Legal Adviser | Q1 2017
US Equity Offerings: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Latham & Watkins LLP 1 20.13 39 Latham & Watkins LLP 1 20.126 10,605 39 3 12.092 8.034 Davis Polk & Wardwell 2 5.58 18 Goodwin Procter LLP 2 11.725 6,178 9 29 0.176 11.549 Cooley LLP 3 1.41 11 Simpson Thacher & Bartlett 3 8.693 4,580 10 10 2.528 6.165 Simpson Thacher & Bartlett 4 8.69 10 Cahill Gordon & Reindel 4 6.535 3,443 6 7 4.811 1.724 Goodwin Procter LLP 5 11.73 9 Shearman & Sterling LLP 5 5.806 3,059 5 - - 5.806 Davis Polk & Wardwell 6 5.577 2,938 18 1 21.686 -16.109 Vinson & Elkins LLP 5 4.51 9 Vinson & Elkins LLP 7 4.511 2,377 9 6 5.150 -0.639 Covington & Burling 7 1.74 8 Baker Botts LLP 8 4.422 2,330 4 5 7.161 -2.739 Ellenoff Grossman Schole & Cyruli 7 0.43 8 Sidley Austin LLP 9 3.689 1,944 4 2 17.860 -14.171 LLP Fried Frank Harris Shriver & 10 2.975 1,568 2 28 0.180 2.795 Mintz Levin Cohn Ferris Glovsky & 7 0.37 8 Jacobson Popeo PC Hogan Lovells US LLP 11 2.946 1,552 3 15 1.033 1.913 Freshfields Bruckhaus Deringer 10 2.87 7 Freshfields Bruckhaus Deringer 12 2.867 1,510 7 13 1.667 1.200 Skadden Arps Slate Meagher & 13 2.094 1,103 5 8 2.880 -0.786 Cahill Gordon & Reindel 11 6.54 6 Flom Shearman & Sterling LLP 12 5.81 5 Cleary Gottlieb Steen & Hamilton 14 2.006 1,057 3 - - 2.006 Skadden Arps Slate Meagher & 12 2.09 5 Covington & Burling 15 1.740 917 8 30 0.129 1.611 Flom Cravath Swaine & Moore 16 1.632 860 3 4 8.367 -6.735 Baker Botts LLP 14 4.42 4 Sullivan & Cromwell 17 1.482 781 3 17 0.932 0.550 Cooley LLP 18 1.413 744 11 16 1.008 0.405 Sidley Austin LLP 14 3.69 4 Andrews Kurth LLP 19 1.135 598 2 20 0.620 0.515 Cleary Gottlieb Steen & Hamilton 16 2.01 3 Norton Rose Fulbright LLP 20 0.805 424 1 - - 0.805 Cravath Swaine & Moore 16 1.63 3 TOTAL 100% 52,689 219 100% Hogan Lovells US LLP 16 2.95 3 Proskauer Rose LLP 16 0.12 3 Sullivan & Cromwell 16 1.48 3
Bloomberg League Table Reports Page 8 Bloomberg Global Legal Adviser | Q1 2017
US Equity IPO: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Ellenoff Grossman Schole & 1 5.33 2 Cooley LLP 1 30.891 3,910 1 2 14.150 16.741 Cyruli LLP Weil Gotshal & Manges LLP 2 11.337 1,435 2 1 46.982 -35.645 Fenwick & West LLP 1 1.68 2 Venable LLP 3 7.337 929 2 - - 7.337 Venable LLP 1 7.34 2 Simpson Thacher & Bartlett 4 6.996 886 1 - - 6.996 Vinson & Elkins LLP 1 4.38 2 Ellenoff Grossman Schole & Cyruli 5 5.333 675 2 4 7.691 -2.358 Weil Gotshal & Manges LLP 1 11.34 2 LLP Fried Frank Harris Shriver & 6 5.224 661 1 - - 5.224 Baker Botts LLP 6 0.71 1 Jacobson Cooley LLP 6 30.89 1 Schulte Roth & Zabel LLP 7 4.620 585 1 - - 4.620 DLA Piper LLP 6 3.87 1 Vinson & Elkins LLP 8 4.385 555 2 - - 4.385 Davis Polk & Wardwell 6 2.50 1 DLA Piper LLP 9 3.871 490 1 - - 3.871 Latham & Watkins LLP 10 2.765 350 1 5 6.625 -3.860 Drinker Biddle & Reath LLP 6 1.73 1 Davis Polk & Wardwell 11 2.499 316 1 - - 2.499 Fried Frank Harris Shriver & 6 5.22 1 Wachtell Lipton Rosen & Katz 12 2.076 263 1 - - 2.076 Jacobson Wilson Sonsini Goodrich & Rosati 13 2.008 254 1 - - 2.008 Gibson Dunn & Crutcher 6 1.63 1 Drinker Biddle & Reath LLP 14 1.726 219 1 - - 1.726 Goodwin Procter LLP 6 0.93 1 Fenwick & West LLP 15 1.677 212 2 - - 1.677 Latham & Watkins LLP 6 2.77 1 Gibson Dunn & Crutcher 16 1.628 206 1 - - 1.628 Ledgewood Law Firm 17 1.383 175 1 - - 1.383 Ledgewood Law Firm 6 1.38 1 Paul Weiss Rifkind Wharton & 18 1.287 163 1 - - 1.287 Paul Weiss Rifkind Wharton & 6 1.29 1 Garrison Garrison Goodwin Procter LLP 19 0.925 117 1 7 4.698 -3.773 Schulte Roth & Zabel LLP 6 4.62 1 Baker Botts LLP 20 0.711 90 1 - - 0.711 Simpson Thacher & Bartlett 6 7.00 1 TOTAL 100% 12,657 30 100% Wachtell Lipton Rosen & Katz 6 2.08 1 Wilson Sonsini Goodrich & Rosati 6 2.01 1
Bloomberg League Table Reports Page 9 Bloomberg Global Legal Adviser | Q1 2017
US Equity IPO: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Latham & Watkins LLP 1 11.82 5 Goodwin Procter LLP 1 47.013 5,939 4 - - 47.013 Goodwin Procter LLP 2 47.01 4 Latham & Watkins LLP 2 11.820 1,493 5 - - 11.820 Cooley LLP 3 2.10 3 Vinson & Elkins LLP 3 11.647 1,471 3 - - 11.647 Vinson & Elkins LLP 3 11.65 3 Freshfields Bruckhaus Deringer 4 5.739 725 2 1 46.982 -41.243 Davis Polk & Wardwell 5 2.66 2 Cahill Gordon & Reindel 5 4.629 585 1 - - 4.629 Simpson Thacher & Bartlett 6 3.879 490 1 - - 3.879 Freshfields Bruckhaus Deringer 5 5.74 2 Andrews Kurth LLP 7 3.752 474 1 - - 3.752 Andrews Kurth LLP 7 3.75 1 Winston & Strawn 8 2.771 350 1 - - 2.771 Baker Botts LLP 7 1.63 1 Davis Polk & Wardwell 9 2.657 336 2 2 16.825 -14.168 Blank Rome LLP 7 0.10 1 Cooley LLP 10 2.096 265 3 5 5.423 -3.327 Baker Botts LLP 11 1.631 206 1 - - 1.631 Cahill Gordon & Reindel 7 4.63 1 Ellenoff Grossman Schole & Cyruli 12 1.385 175 1 - - 1.385 Ellenoff Grossman Schole & 7 1.39 1 LLP Cyruli LLP Kirkland & Ellis 13 0.641 81 1 - - 0.641 Greenberg Traurig LLP 7 0.10 1 Reed Smith LLP 14 0.137 17 1 - - 0.137 Kirkland & Ellis 7 0.64 1 Blank Rome LLP 15 0.103 13 1 - - 0.103 Reed Smith LLP 7 0.14 1 Greenberg Traurig LLP 16 0.098 12 1 - - 0.098 ------Simpson Thacher & Bartlett 7 3.88 1 ------Winston & Strawn 7 2.77 1 ------TOTAL 100% 12,631 29 100%
Bloomberg League Table Reports Page 10 Bloomberg Global Legal Adviser | Q1 2017
US Equity Linked: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Morrison & Foerster LLP 1 8.13 2 Wilson Sonsini Goodrich & Rosati 1 18.703 978 1 - - 18.703 Ashurst LLP 2 1.02 1 Milbank Tweed Hadley & McCloy 2 11.002 575 1 - - 11.002 Baker Botts LLP 2 0.96 1 LLP Cleary Gottlieb Steen & Hamilton 2 0.73 1 Fried Frank Harris Shriver & 3 8.801 460 1 - - 8.801 Jacobson Dechert 2 4.40 1 Morrison & Foerster LLP 4 8.132 425 2 - - 8.132 Fried Frank Harris Shriver & 2 8.80 1 Proskauer Rose LLP 5 6.697 350 1 - - 6.697 Jacobson Perkins Coie LLP 6 6.601 345 1 - - 6.601 Jones Day 2 2.39 1 Stinson Morrison Hecker LLP 7 5.501 288 1 - - 5.501 Latham & Watkins LLP 2 2.87 1 Loeb & Loeb LLP 7 5.501 288 1 - - 5.501 Loeb & Loeb LLP 2 5.50 1 Paul Weiss Rifkind Wharton & 9 5.245 274 1 - - 5.245 Garrison Milbank Tweed Hadley & McCloy 2 11.00 1 Dechert 10 4.401 230 1 - - 4.401 LLP Latham & Watkins LLP 11 2.870 150 1 - - 2.870 Paul Weiss Rifkind Wharton & 2 5.24 1 Simpson Thacher & Bartlett 12 2.750 144 1 - - 2.750 Garrison Sidley Austin LLP 13 2.392 125 1 - - 2.392 Perkins Coie LLP 2 6.60 1 Jones Day 13 2.392 125 1 - - 2.392 Proskauer Rose LLP 2 6.70 1 Willkie Farr & Gallagher 15 2.200 115 1 - - 2.200 Sidley Austin LLP 2 2.39 1 Venable LLP 16 1.320 69 1 - - 1.320 Vinson & Elkins LLP 16 1.320 69 1 - - 1.320 Simpson Thacher & Bartlett 2 2.75 1 Ashurst LLP 18 1.018 53 1 - - 1.018 Stinson Morrison Hecker LLP 2 5.50 1 Baker Botts LLP 19 0.957 50 1 - - 0.957 Venable LLP 2 1.32 1 Morris Nichols Arsht & Tunnell 20 0.733 38 1 - - 0.733 Vinson & Elkins LLP 2 1.32 1 TOTAL 100% 5,226 19 100% Willkie Farr & Gallagher 2 2.20 1 Wilson Sonsini Goodrich & Rosati 2 18.70 1
Bloomberg League Table Reports Page 11 Bloomberg Global Legal Adviser | Q1 2017
US Equity Linked: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Simpson Thacher & Bartlett 1 29.27 4 Simpson Thacher & Bartlett 1 29.274 1,820 4 3 18.573 10.701 Davis Polk & Wardwell 2 11.46 3 Latham & Watkins LLP 2 11.903 740 3 - - 11.903 Latham & Watkins LLP 2 11.90 3 Davis Polk & Wardwell 3 11.460 713 3 1 48.876 -37.416 Skadden Arps Slate Meagher & 2 10.87 3 Skadden Arps Slate Meagher & 4 10.865 676 3 - - 10.865 Flom Flom Freshfields Bruckhaus Deringer 5 7.48 2 Vinson & Elkins LLP 5 9.249 575 1 - - 9.249 Freshfields Bruckhaus Deringer 6 7.479 465 2 - - 7.479 Cahill Gordon & Reindel 6 2.41 1 White & Case LLP 7 4.624 288 1 - - 4.624 Cravath Swaine & Moore 6 4.41 1 Cravath Swaine & Moore 8 4.409 274 1 - - 4.409 Fried Frank Harris Shriver & 6 3.70 1 Fried Frank Harris Shriver & 9 3.699 230 1 - - 3.699 Jacobson Jacobson Goodwin Procter LLP 6 2.31 1 Cahill Gordon & Reindel 10 2.413 150 1 - - 2.413 Goodwin Procter LLP 11 2.312 144 1 - - 2.312 Vinson & Elkins LLP 6 9.25 1 Wilson Sonsini Goodrich & Rosati 11 2.312 144 1 - - 2.312 White & Case LLP 6 4.62 1 ------Wilson Sonsini Goodrich & 6 2.31 1 ------Rosati ------TOTAL 100% 6,217 21 100%
Bloomberg League Table Reports Page 12 Bloomberg Global Legal Adviser | Q1 2017
US Corporate Bonds: Legal Adviser - Issuer/Borrower Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Sullivan & Cromwell 1 5.98 44 Simpson Thacher & Bartlett 1 9.578 32,880 26 5 4.471 5.107 Cleary Gottlieb Steen & Hamilton 2 8.37 33 Davis Polk & Wardwell 2 8.824 30,292 33 2 8.606 0.218 Davis Polk & Wardwell 2 8.82 33 Cleary Gottlieb Steen & Hamilton 3 8.371 28,737 33 3 6.512 1.859 Latham & Watkins LLP 4 4.80 30 Sullivan & Cromwell 4 5.976 20,515 44 1 19.282 -13.306 Simpson Thacher & Bartlett 5 9.58 26 Latham & Watkins LLP 5 4.798 16,469 30 19 1.399 3.399 Hogan Lovells US LLP 6 4.240 14,555 23 24 1.034 3.206 Hogan Lovells US LLP 6 4.24 23 Hunton & Williams 7 3.059 10,500 14 12 2.297 0.762 Sidley Austin LLP 7 2.01 22 Clifford Chance LLP 8 2.349 8,063 10 43 0.369 1.980 Hunton & Williams 8 3.06 14 Kirkland & Ellis 9 2.335 8,015 12 22 1.335 1.000 Gibson Dunn & Crutcher 9 2.26 12 Gibson Dunn & Crutcher 10 2.265 7,775 12 11 2.352 -0.087 Faegre Baker Daniels LLP 11 2.134 7,325 5 20 1.360 0.774 Kirkland & Ellis 9 2.33 12 Mayer Brown LLP 12 2.054 7,052 11 31 0.730 1.324 Mayer Brown LLP 11 2.05 11 Sidley Austin LLP 13 2.005 6,883 22 7 2.792 -0.787 Skadden Arps Slate Meagher & 11 1.17 11 Covington & Burling 14 1.789 6,140 7 10 2.375 -0.586 Flom Maples & Calder 15 1.569 5,388 6 - - 1.569 Clifford Chance LLP 13 2.35 10 McGuireWoods LLP 16 1.436 4,928 8 16 1.711 -0.275 Cravath Swaine & Moore 13 0.95 10 Paul Weiss Rifkind Wharton & 17 1.400 4,805 9 26 0.922 0.478 Garrison Norton Rose Fulbright LLP 15 0.85 9 Pillsbury Winthrop Shaw Pittman 18 1.384 4,750 9 74 0.103 1.281 Paul Weiss Rifkind Wharton & 15 1.40 9 LLP Garrison Jones Day 19 1.340 4,600 7 18 1.588 -0.248 Pillsbury Winthrop Shaw Pittman 15 1.38 9 White & Case LLP 20 1.194 4,100 9 9 2.434 -1.240 LLP TOTAL 100% 343,281 457 100% White & Case LLP 15 1.19 9 McGuireWoods LLP 19 1.44 8 Shearman & Sterling LLP 19 0.99 8
Bloomberg League Table Reports Page 13 Bloomberg Global Legal Adviser | Q1 2017
US Corporate Bonds: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Davis Polk & Wardwell 1 8.44 55 Simpson Thacher & Bartlett 1 12.437 45,675 53 2 13.742 -1.305 Simpson Thacher & Bartlett 2 12.44 53 Cahill Gordon & Reindel 2 8.601 31,586 44 7 5.438 3.163 Cahill Gordon & Reindel 3 8.60 44 Davis Polk & Wardwell 3 8.443 31,007 55 3 9.493 -1.050 Sidley Austin LLP 4 7.05 39 Cleary Gottlieb Steen & Hamilton 4 7.555 27,746 33 9 3.978 3.577 Cleary Gottlieb Steen & Hamilton 5 7.56 33 Sidley Austin LLP 5 7.053 25,902 39 6 5.621 1.432 Cravath Swaine & Moore 6 5.875 21,575 21 4 7.226 -1.351 Shearman & Sterling LLP 6 5.09 24 Sullivan & Cromwell 7 5.449 20,012 21 10 3.737 1.712 Cravath Swaine & Moore 7 5.87 21 Shearman & Sterling LLP 8 5.092 18,700 24 5 6.634 -1.542 Latham & Watkins LLP 7 3.32 21 Weil Gotshal & Manges LLP 9 4.779 17,550 8 - - 4.779 Sullivan & Cromwell 7 5.45 21 Skadden Arps Slate Meagher & 10 3.424 12,575 17 14 1.376 2.048 Flom O'Melveny & Myers LLP 10 3.14 17 Latham & Watkins LLP 11 3.315 12,175 21 8 5.149 -1.834 Skadden Arps Slate Meagher & 10 3.42 17 Morrison & Foerster LLP 12 3.159 11,603 11 11 2.546 0.613 Flom O'Melveny & Myers LLP 13 3.145 11,550 17 17 1.302 1.843 Allen & Overy LLP 12 2.66 13 Allen & Overy LLP 14 2.661 9,773 13 1 15.176 -12.515 Hunton & Williams 12 0.65 13 Gibson Dunn & Crutcher 15 2.042 7,500 4 18 1.225 0.817 Morrison & Foerster LLP 14 3.16 11 Milbank Tweed Hadley & McCloy 16 1.799 6,607 10 27 0.640 1.159 LLP Milbank Tweed Hadley & McCloy 15 1.80 10 Clifford Chance LLP 17 1.638 6,015 8 16 1.341 0.297 LLP Pillsbury Winthrop Shaw Pittman 18 1.518 5,575 8 26 0.666 0.852 Clifford Chance LLP 16 1.64 8 LLP Pillsbury Winthrop Shaw Pittman 16 1.52 8 White & Case LLP 19 1.259 4,625 6 19 1.101 0.158 LLP DLA Piper LLP 20 0.953 3,500 2 - - 0.953 Weil Gotshal & Manges LLP 16 4.78 8 TOTAL 100% 367,252 478 100% White & Case LLP 19 1.26 6 Mayer Brown LLP 20 0.48 5
Bloomberg League Table Reports Page 14 Bloomberg Global Legal Adviser | Q1 2017
US Investment Grade Corporate Bonds: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Sullivan & Cromwell 1 5.77 37 Simpson Thacher & Bartlett 1 11.194 29,950 19 5 3.596 7.598 Cleary Gottlieb Steen & Hamilton 2 9.63 27 Cleary Gottlieb Steen & Hamilton 2 9.629 25,762 27 3 6.064 3.565 Davis Polk & Wardwell 3 8.91 26 Davis Polk & Wardwell 3 8.911 23,842 26 2 9.628 -0.717 Hogan Lovells US LLP 4 4.57 19 Sullivan & Cromwell 4 5.766 15,425 37 1 21.077 -15.311 Simpson Thacher & Bartlett 4 11.19 19 Hogan Lovells US LLP 5 4.566 12,216 19 23 1.157 3.409 Hunton & Williams 6 3.812 10,200 13 10 2.558 1.254 Sidley Austin LLP 6 2.13 18 Latham & Watkins LLP 7 2.932 7,846 17 22 1.213 1.719 Latham & Watkins LLP 7 2.93 17 Clifford Chance LLP 8 2.850 7,625 8 59 0.182 2.668 Hunton & Williams 8 3.81 13 Faegre Baker Daniels LLP 9 2.738 7,325 5 18 1.522 1.216 Gibson Dunn & Crutcher 9 2.11 9 Mayer Brown LLP 10 2.261 6,050 9 30 0.817 1.444 Covington & Burling 11 2.243 6,000 6 8 2.657 -0.414 Mayer Brown LLP 9 2.26 9 Sidley Austin LLP 12 2.126 5,688 18 7 2.753 -0.627 Pillsbury Winthrop Shaw Pittman 9 1.78 9 Gibson Dunn & Crutcher 13 2.112 5,650 9 15 1.911 0.201 LLP McGuireWoods LLP 14 1.842 4,928 8 21 1.221 0.621 Clifford Chance LLP 12 2.85 8 Pillsbury Winthrop Shaw Pittman 15 1.775 4,750 9 63 0.116 1.659 McGuireWoods LLP 12 1.84 8 LLP Norton Rose Fulbright LLP 12 0.98 8 Jones Day 16 1.476 3,950 5 17 1.753 -0.277 O'Melveny & Myers LLP 17 1.346 3,600 6 4 5.445 -4.099 White & Case LLP 12 1.33 8 White & Case LLP 18 1.327 3,550 8 10 2.558 -1.231 Allen & Overy LLP 16 1.12 7 Maples & Calder 19 1.266 3,388 4 - - 1.266 Covington & Burling 17 2.24 6 Loyens & Loeff 19 1.266 3,388 4 - - 1.266 Debevoise & Plimpton LLP 17 1.21 6 TOTAL 100% 267,545 334 100% Kirkland & Ellis 17 1.07 6 O'Melveny & Myers LLP 17 1.35 6
Bloomberg League Table Reports Page 15 Bloomberg Global Legal Adviser | Q1 2017
US Investment Grade Corporate Bonds: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Davis Polk & Wardwell 1 9.74 49 Simpson Thacher & Bartlett 1 14.050 41,625 44 2 14.629 -0.579 Simpson Thacher & Bartlett 2 14.05 44 Davis Polk & Wardwell 2 9.737 28,847 49 3 10.304 -0.567 Sidley Austin LLP 3 8.35 37 Cleary Gottlieb Steen & Hamilton 3 9.038 26,776 30 8 4.390 4.648 Cleary Gottlieb Steen & Hamilton 4 9.04 30 Sidley Austin LLP 4 8.347 24,730 37 6 6.171 2.176 Cravath Swaine & Moore 5 6.709 19,875 16 4 7.064 -0.355 Sullivan & Cromwell 5 6.68 19 Sullivan & Cromwell 6 6.676 19,777 19 9 3.874 2.802 O'Melveny & Myers LLP 6 3.90 17 Weil Gotshal & Manges LLP 7 5.738 17,000 7 - - 5.738 Cravath Swaine & Moore 7 6.71 16 Morrison & Foerster LLP 8 3.917 11,603 11 13 2.172 1.745 Shearman & Sterling LLP 7 3.81 16 O'Melveny & Myers LLP 9 3.899 11,550 17 15 1.402 2.497 Hunton & Williams 9 0.78 12 Shearman & Sterling LLP 10 3.814 11,300 16 5 6.715 -2.901 Skadden Arps Slate Meagher & 11 2.987 8,850 11 18 1.177 1.810 Morrison & Foerster LLP 10 3.92 11 Flom Skadden Arps Slate Meagher & 10 2.99 11 Allen & Overy LLP 12 2.768 8,200 9 1 16.750 -13.982 Flom Gibson Dunn & Crutcher 13 2.532 7,500 4 17 1.352 1.180 Allen & Overy LLP 12 2.77 9 Cahill Gordon & Reindel 14 2.498 7,400 9 12 2.332 0.166 Cahill Gordon & Reindel 12 2.50 9 Milbank Tweed Hadley & McCloy 15 1.980 5,865 8 31 0.326 1.654 Latham & Watkins LLP 14 1.54 8 LLP Pillsbury Winthrop Shaw Pittman 16 1.882 5,575 8 27 0.431 1.451 Milbank Tweed Hadley & McCloy 14 1.98 8 LLP LLP Clifford Chance LLP 17 1.845 5,465 6 16 1.392 0.453 Pillsbury Winthrop Shaw Pittman 14 1.88 8 Latham & Watkins LLP 18 1.536 4,550 8 7 4.937 -3.401 LLP White & Case LLP 19 1.435 4,250 5 25 0.608 0.827 Weil Gotshal & Manges LLP 17 5.74 7 DLA Piper LLP 20 1.181 3,500 2 - - 1.181 Clifford Chance LLP 18 1.84 6 TOTAL 100% 296,255 359 100% Locke Lord LLP 19 0.01 5 White & Case LLP 19 1.43 5
Bloomberg League Table Reports Page 16 Bloomberg Global Legal Adviser | Q1 2017
US High Yield Corporate Bonds: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Latham & Watkins LLP 1 14.85 14 Latham & Watkins LLP 1 14.851 9,773 14 12 2.648 12.203 Davis Polk & Wardwell 2 8.89 7 Davis Polk & Wardwell 2 8.894 5,853 7 40 0.006 8.888 Kirkland & Ellis 2 8.23 7 Kirkland & Ellis 3 8.228 5,415 7 3 8.868 -0.640 Simpson Thacher & Bartlett 2 4.41 7 Sullivan & Cromwell 4 7.735 5,090 7 7 4.257 3.478 Sullivan & Cromwell 2 7.73 7 Simpson Thacher & Bartlett 5 4.414 2,905 7 1 12.429 -8.015 Shearman & Sterling LLP 6 4.304 2,833 6 29 0.929 3.375 Shearman & Sterling LLP 6 4.30 6 Skadden Arps Slate Meagher & 7 3.343 2,200 5 4 7.520 -4.177 Skadden Arps Slate Meagher & 7 3.34 5 Flom Flom Hodgson Russ LLP 7 3.343 2,200 1 - - 3.343 Paul Weiss Rifkind Wharton & 8 2.70 4 Gibson Dunn & Crutcher 9 3.229 2,125 3 5 6.186 -2.957 Garrison Maples & Calder 10 3.039 2,000 2 - - 3.039 Weil Gotshal & Manges LLP 8 2.85 4 Weil Gotshal & Manges LLP 11 2.849 1,875 4 - - 2.849 Cravath Swaine & Moore 10 1.32 3 Paul Weiss Rifkind Wharton & 12 2.705 1,780 4 14 2.109 0.596 Garrison Fasken Martineau DuMoulin LLP 10 1.88 3 Proskauer Rose LLP 13 2.348 1,545 3 - - 2.348 Gibson Dunn & Crutcher 10 3.23 3 Ropes & Gray 14 2.279 1,500 2 22 1.305 0.974 Proskauer Rose LLP 10 2.35 3 Fasken Martineau DuMoulin LLP 15 1.884 1,240 3 - - 1.884 Sidley Austin LLP 10 1.76 3 William Fry 16 1.835 1,208 2 - - 1.835 Sidley Austin LLP 17 1.759 1,158 3 9 2.838 -1.079 Vinson & Elkins LLP 10 1.37 3 Vinson & Elkins LLP 18 1.368 900 3 - - 1.368 Fried Frank Harris Shriver & 16 1.29 2 Cravath Swaine & Moore 19 1.317 867 3 27 0.993 0.324 Jacobson Mayer Brown LLP 20 1.292 850 1 - - 1.292 Maples & Calder 16 3.04 2 TOTAL 100% 65,808 102 100% Milbank Tweed Hadley & McCloy 16 0.87 2 LLP Ropes & Gray 16 2.28 2 William Fry 16 1.83 2
Bloomberg League Table Reports Page 17 Bloomberg Global Legal Adviser | Q1 2017
US High Yield Corporate Bonds: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Cahill Gordon & Reindel 1 41.88 38 Cahill Gordon & Reindel 1 41.883 25,736 38 1 40.065 1.818 Davis Polk & Wardwell 2 2.91 17 Latham & Watkins LLP 2 12.409 7,625 13 3 7.790 4.619 Latham & Watkins LLP 3 12.41 13 Skadden Arps Slate Meagher & 3 5.696 3,500 4 8 3.569 2.127 Simpson Thacher & Bartlett 4 5.49 6 Flom Simpson Thacher & Bartlett 4 5.493 3,375 6 6 5.339 0.154 Shearman & Sterling LLP 5 5.13 5 Shearman & Sterling LLP 5 5.126 3,150 5 5 6.344 -1.218 Cravath Swaine & Moore 6 2.60 4 Davis Polk & Wardwell 6 2.908 1,787 17 13 1.297 1.611 Skadden Arps Slate Meagher & 6 5.70 4 Cravath Swaine & Moore 7 2.604 1,600 4 2 9.517 -6.913 Flom Allen & Overy LLP 8 2.312 1,421 3 - - 2.312 Allen & Overy LLP 8 2.31 3 Baker Botts LLP 9 2.197 1,350 2 - - 2.197 Baker Botts LLP 9 2.20 2 Hughes Hubbard & Reed LLP 10 2.116 1,300 2 - - 2.116 Stikeman Elliott 11 1.790 1,100 2 - - 1.790 Cleary Gottlieb Steen & Hamilton 9 1.01 2 Sidley Austin LLP 12 1.627 1,000 1 - - 1.627 Hughes Hubbard & Reed LLP 9 2.12 2 Citi 13 1.383 850 1 - - 1.383 McCann Fitzgerald 9 1.27 2 Vinson & Elkins LLP 13 1.383 850 2 - - 1.383 Stikeman Elliott 9 1.79 2 McCann Fitzgerald 15 1.273 783 2 - - 1.273 Vinson & Elkins LLP 9 1.38 2 Mayer Brown LLP 16 1.221 750 1 - - 1.221 Cadwalader Wickersham & Taft 16 1.221 750 1 - - 1.221 Cadwalader Wickersham & Taft 15 1.22 1 Cleary Gottlieb Steen & Hamilton 18 1.009 620 2 - - 1.009 Citi 15 1.38 1 Paul Hastings LLP 19 0.976 600 1 - - 0.976 Mayer Brown LLP 15 1.22 1 Weil Gotshal & Manges LLP 20 0.895 550 1 - - 0.895 Paul Hastings LLP 15 0.98 1 TOTAL 100% 61,446 107 100% Sidley Austin LLP 15 1.63 1 Weil Gotshal & Manges LLP 15 0.90 1
Bloomberg League Table Reports Page 18 Bloomberg Global Legal Adviser | Q1 2017
Canada Equity Offerings: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (CAD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Blake Cassels & Graydon LLP 1 11.50 8 Stikeman Elliott 1 16.868 1,966 6 12 1.158 15.710 Bennett Jones LLP 2 14.17 7 Bennett Jones LLP 2 14.167 1,652 7 11 1.830 12.337 Stikeman Elliott 3 16.87 6 Blake Cassels & Graydon LLP 3 11.501 1,341 8 1 35.382 -23.881 McCarthy Tetrault 4 7.03 5 Vinson & Elkins LLP 4 11.236 1,310 1 - - 11.236 Torys 4 5.54 5 Paul Weiss Rifkind Wharton & 5 9.881 1,152 3 5 6.689 3.192 Garrison Cassels Brock & Blackwell LLP 6 1.42 4 McCarthy Tetrault 6 7.034 820 5 4 8.990 -1.956 Gowling Lafleur Henderson 6 1.04 4 Torys 7 5.535 645 5 2 16.260 -10.725 Burnet Duckworth & Palmer 8 0.90 3 Osler Hoskin & Harcourt LLP 8 4.634 540 3 7 3.642 0.992 Burstall Winger LLP 8 0.40 3 Goodmans LLP 9 3.839 448 3 9 2.704 1.135 Fasken Martineau DuMoulin LLP 10 1.871 218 3 19 0.066 1.805 Clark Wilson LLP 8 0.41 3 Ropes & Gray 11 1.677 196 1 - - 1.677 Farris Vaughan Wills & Murphy 8 0.37 3 Cassels Brock & Blackwell LLP 12 1.424 166 4 8 3.422 -1.998 Fasken Martineau DuMoulin LLP 8 1.87 3 DLA Piper LLP 13 1.240 145 2 15 0.581 0.659 Goodmans LLP 8 3.84 3 Gowling Lafleur Henderson 14 1.042 121 4 - - 1.042 Miller Thomson LLP 8 0.23 3 Cooley LLP 15 1.006 117 2 - - 1.006 Goodwin Procter LLP 16 1.001 117 1 - - 1.001 Norton Rose Fulbright LLP 8 0.11 3 Burnet Duckworth & Palmer 17 0.902 105 3 6 4.916 -4.014 Osler Hoskin & Harcourt LLP 8 4.63 3 Dentons 18 0.484 56 2 10 2.178 -1.694 Paul Weiss Rifkind Wharton & 8 9.88 3 McMillan LLP 19 0.467 54 2 - - 0.467 Garrison Skadden Arps Slate Meagher & 20 0.425 50 1 - - 0.425 Cooley LLP 18 1.01 2 Flom TOTAL 100% 11,657 82 100% Dentons 18 0.48 2 McMillan LLP 18 0.47 2
Bloomberg League Table Reports Page 19 Bloomberg Global Legal Adviser | Q1 2017
Canada Equity Offerings: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (CAD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Stikeman Elliott 1 8.74 13 Blake Cassels & Graydon LLP 1 28.568 2,423 12 5 7.603 20.965 Blake Cassels & Graydon LLP 2 28.57 12 Paul Weiss Rifkind Wharton & 2 20.020 1,698 4 2 12.910 7.110 Borden Ladner Gervais LLP 3 5.87 9 Garrison Cassels Brock & Blackwell LLP 4 1.12 4 Stikeman Elliott 3 8.736 741 13 3 12.775 -4.039 Torys 4 6.072 515 2 12 0.705 5.367 Paul Weiss Rifkind Wharton & 4 20.02 4 Dentons 5 6.033 512 3 4 8.295 -2.262 Garrison Borden Ladner Gervais LLP 6 5.865 498 9 16 0.095 5.770 Baker & McKenzie 6 0.47 3 Osler Hoskin & Harcourt LLP 7 3.331 283 3 8 5.302 -1.971 Burstall Winger LLP 6 0.39 3 Simpson Thacher & Bartlett 8 3.052 259 1 - - 3.052 Dentons 6 6.03 3 Davies Ward Phillips & Vineberg 9 3.037 258 2 10 1.309 1.728 McCarthy Tetrault 6 0.63 3 LLP Latham & Watkins LLP 10 2.305 196 1 - - 2.305 Miller Thomson LLP 6 0.07 3 Fasken Martineau DuMoulin LLP 11 1.948 165 2 - - 1.948 Osler Hoskin & Harcourt LLP 6 3.33 3 Skadden Arps Slate Meagher & 12 1.562 132 2 6 7.231 -5.669 Bennett Jones LLP 12 0.52 2 Flom Burnet Duckworth & Palmer 12 1.37 2 Burnet Duckworth & Palmer 13 1.366 116 2 11 1.275 0.091 McMillan LLP 14 1.253 106 2 18 0.066 1.187 DLA Piper LLP 12 0.24 2 Cassels Brock & Blackwell LLP 15 1.122 95 4 - - 1.122 Davies Ward Phillips & Vineberg 12 3.04 2 Norton Rose Fulbright LLP 16 0.944 80 1 1 31.880 -30.936 LLP Goodmans LLP 17 0.881 75 1 - - 0.881 Fasken Martineau DuMoulin LLP 12 1.95 2 McCarthy Tetrault 18 0.626 53 3 7 6.427 -5.801 McCullough O'Connor Irwin 12 0.09 2 Bennett Jones LLP 19 0.520 44 2 13 0.500 0.020 McMillan LLP 12 1.25 2 Baker & McKenzie 20 0.469 40 3 14 0.327 0.142 TOTAL 100% 8,482 79 100% Skadden Arps Slate Meagher & 12 1.56 2 Flom Torys 12 6.07 2
Bloomberg League Table Reports Page 20 Bloomberg Global Legal Adviser | Q1 2017
Canada Equity IPO: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Firm Rank Mkt Share(%) Deal Count Mkt Volume (CAD Deal Prev Prev Mkt DLA Piper LLP 1 20.75 2 Firm Rank Share(%) Mln) Count Rank Share(%) Mkt Share Chg(%) Stikeman Elliott 1 32.77 2 Stikeman Elliott 1 32.766 228 2 - - 32.766 BM Morrison Partners 3 0.11 1 Ropes & Gray 2 28.069 196 1 - - 28.069 Butera Almenara Ana Karina 3 0.11 1 DLA Piper LLP 3 20.747 145 2 - - 20.747 McCarthy Tetrault 4 11.351 79 1 - - 11.351 Clark Wilson LLP 3 0.29 1 King & Wood Mallesons 5 2.726 19 1 - - 2.726 Dechert 3 0.11 1 Gowling Lafleur Henderson 5 2.726 19 1 - - 2.726 Gowling Lafleur Henderson 3 2.73 1 McInnes Cooper 7 0.431 3 1 - - 0.431 King & Wood Mallesons 3 2.73 1 Clark Wilson LLP 8 0.287 2 1 - - 0.287 McCarthy Tetrault 3 11.35 1 Pushor Mitchell LLP 9 0.144 1 1 - - 0.144 Dechert 10 0.107 0.75 1 - - 0.107 McInnes Cooper 3 0.43 1 BM Morrison Partners 10 0.107 0.75 1 - - 0.107 Miller Thomson LLP 3 0.09 1 Butera Almenara Ana 10 0.107 0.75 1 - - 0.107 Norton Rose Fulbright LLP 3 0.11 1 Karina Pushor Mitchell LLP 3 0.14 1 Norton Rose Fulbright LLP 10 0.107 0.75 1 - - 0.107 Studio Legale Sutti 10 0.107 0.75 1 - - 0.107 Ropes & Gray 3 28.07 1 Miller Thomson LLP 15 0.086 0.60 1 - - 0.086 Studio Legale Sutti 3 0.11 1 TingleMerrett LLP 16 0.072 0.50 1 - - 0.072 TingleMerrett LLP 3 0.07 1 Woods & Co 17 0.057 0.40 1 - - 0.057 Woods & Co 3 0.06 1 ------TOTAL 100% 696 13 100%
Bloomberg League Table Reports Page 21 Bloomberg Global Legal Adviser | Q1 2017
Canada Equity IPO: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (CAD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Burstall Winger LLP 1 2.89 2 Osler Hoskin & Harcourt LLP 1 28.220 196 1 - - 28.220 Miller Thomson LLP 1 0.35 2 Latham & Watkins LLP 1 28.220 196 1 - - 28.220 Cassels Brock & Blackwell LLP 3 4.72 1 Davies Ward Phillips & Vineberg 3 20.808 144 1 - - 20.808 Chitiz Pathak LLP 3 0.05 1 LLP Stikeman Elliott 4 11.412 79 1 - - 11.412 Davies Ward Phillips & Vineberg 3 20.81 1 Cassels Brock & Blackwell LLP 5 4.723 33 1 - - 4.723 LLP Burstall Winger LLP 6 2.885 20 2 - - 2.885 Dentons 3 0.07 1 Locke Lord LLP 7 2.741 19 1 - - 2.741 Farris Vaughan Wills & Murphy 3 0.43 1 Farris Vaughan Wills & Murphy 8 0.433 3 1 - - 0.433 Latham & Watkins LLP 3 28.22 1 Miller Thomson LLP 9 0.346 2 2 4 4.930 -4.584 Locke Lord LLP 3 2.74 1 McCullough O'Connor Irwin 10 0.087 0.60 1 - - 0.087 Dentons 11 0.072 0.50 1 - - 0.072 McCullough O'Connor Irwin 3 0.09 1 Chitiz Pathak LLP 12 0.051 0.35 1 - - 0.051 Osler Hoskin & Harcourt LLP 3 28.22 1 ------Stikeman Elliott 3 11.41 1 ------TOTAL 100% 692 12 100%
Bloomberg League Table Reports Page 22 Bloomberg Global Legal Adviser | Q1 2017
Canada Equity & Equity Linked: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (CAD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Blake Cassels & Graydon LLP 1 11.69 9 Stikeman Elliott 1 16.352 1,966 6 12 1.148 15.204 Bennett Jones LLP 2 13.73 7 Bennett Jones LLP 2 13.734 1,652 7 11 1.813 11.921 Stikeman Elliott 3 16.35 6 Blake Cassels & Graydon LLP 3 11.695 1,406 9 1 35.054 -23.359 McCarthy Tetrault 4 6.82 5 Vinson & Elkins LLP 4 10.893 1,310 1 - - 10.893 Torys 4 5.37 5 Paul Weiss Rifkind Wharton & 5 10.125 1,218 4 5 6.627 3.498 Garrison Cassels Brock & Blackwell LLP 6 1.38 4 McCarthy Tetrault 6 6.818 820 5 4 8.906 -2.088 Goodmans LLP 6 5.36 4 Torys 7 5.366 645 5 2 16.109 -10.743 Gowling Lafleur Henderson 6 1.01 4 Goodmans LLP 8 5.358 644 4 9 2.678 2.680 Paul Weiss Rifkind Wharton & 6 10.12 4 Osler Hoskin & Harcourt LLP 9 4.493 540 3 7 3.609 0.884 Garrison Fasken Martineau DuMoulin LLP 10 1.814 218 3 20 0.126 1.688 Ropes & Gray 11 1.626 196 1 - - 1.626 Burnet Duckworth & Palmer 10 0.87 3 Cassels Brock & Blackwell LLP 12 1.381 166 4 8 3.390 -2.009 Burstall Winger LLP 10 0.38 3 DLA Piper LLP 13 1.202 145 2 16 0.575 0.627 Clark Wilson LLP 10 0.40 3 Gowling Lafleur Henderson 14 1.010 121 4 - - 1.010 Farris Vaughan Wills & Murphy 10 0.36 3 Cooley LLP 15 0.975 117 2 - - 0.975 Fasken Martineau DuMoulin LLP 10 1.81 3 Goodwin Procter LLP 16 0.971 117 1 - - 0.971 Burnet Duckworth & Palmer 17 0.874 105 3 6 4.871 -3.997 Miller Thomson LLP 10 0.22 3 Dentons 18 0.469 56 2 10 2.158 -1.689 Norton Rose Fulbright LLP 10 0.11 3 McMillan LLP 19 0.452 54 2 - - 0.452 Osler Hoskin & Harcourt LLP 10 4.49 3 Skadden Arps Slate Meagher & 20 0.412 50 1 - - 0.412 Borden Ladner Gervais LLP 18 0.40 2 Flom TOTAL 100% 12,025 85 100% Dentons 18 0.47 2 McMillan LLP 18 0.45 2
Bloomberg League Table Reports Page 23 Bloomberg Global Legal Adviser | Q1 2017
Canada Equity & Equity Linked: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (CAD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Blake Cassels & Graydon LLP 1 30.05 14 Blake Cassels & Graydon LLP 1 30.055 2,660 14 5 8.169 21.886 Stikeman Elliott 1 9.11 14 Paul Weiss Rifkind Wharton & 2 19.188 1,698 4 2 12.822 6.366 Borden Ladner Gervais LLP 3 5.62 9 Garrison Cassels Brock & Blackwell LLP 4 1.08 4 Stikeman Elliott 3 9.114 807 14 3 12.688 -3.574 Torys 4 5.820 515 2 12 0.701 5.119 Paul Weiss Rifkind Wharton & 4 19.19 4 Dentons 5 5.782 512 3 4 8.239 -2.457 Garrison Borden Ladner Gervais LLP 6 5.621 498 9 16 0.094 5.527 Baker & McKenzie 6 0.45 3 Osler Hoskin & Harcourt LLP 7 3.192 283 3 8 5.266 -2.074 Burstall Winger LLP 6 0.37 3 Simpson Thacher & Bartlett 8 2.925 259 1 - - 2.925 Dentons 6 5.78 3 Davies Ward Phillips & Vineberg 9 2.910 258 2 10 1.300 1.610 McCarthy Tetrault 6 0.60 3 LLP Skadden Arps Slate Meagher & 10 2.238 198 3 6 7.182 -4.944 Miller Thomson LLP 6 0.07 3 Flom Osler Hoskin & Harcourt LLP 6 3.19 3 Latham & Watkins LLP 11 2.209 196 1 - - 2.209 Skadden Arps Slate Meagher & 6 2.24 3 Fasken Martineau DuMoulin LLP 12 1.867 165 2 - - 1.867 Flom Burnet Duckworth & Palmer 13 1.310 116 2 11 1.266 0.044 Bennett Jones LLP 13 0.50 2 McMillan LLP 14 1.201 106 2 18 0.066 1.135 Burnet Duckworth & Palmer 13 1.31 2 Cassels Brock & Blackwell LLP 15 1.075 95 4 - - 1.075 Norton Rose Fulbright LLP 16 0.905 80 1 1 31.663 -30.758 DLA Piper LLP 13 0.23 2 Goodmans LLP 17 0.845 75 1 - - 0.845 Davies Ward Phillips & Vineberg 13 2.91 2 McCarthy Tetrault 18 0.600 53 3 7 6.384 -5.784 LLP Bennett Jones LLP 19 0.498 44 2 13 0.496 0.002 Fasken Martineau DuMoulin LLP 13 1.87 2 Baker & McKenzie 20 0.449 40 3 14 0.325 0.124 McCullough O'Connor Irwin 13 0.08 2 TOTAL 100% 8,850 82 100% McMillan LLP 13 1.20 2 Torys 13 5.82 2
Bloomberg League Table Reports Page 24 Bloomberg Global Legal Adviser | Q1 2017
Canada Equity, Equity Linked & Preferred: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (CAD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Blake Cassels & Graydon LLP 1 11.57 9 Stikeman Elliott 1 16.176 1,966 6 12 1.136 15.040 Bennett Jones LLP 2 13.59 7 Bennett Jones LLP 2 13.586 1,652 7 11 1.795 11.791 Stikeman Elliott 3 16.18 6 Blake Cassels & Graydon LLP 3 11.569 1,406 9 1 34.700 -23.131 McCarthy Tetrault 4 6.75 5 Vinson & Elkins LLP 4 10.776 1,310 1 - - 10.776 Torys 4 5.31 5 Paul Weiss Rifkind Wharton & 5 10.016 1,218 4 5 6.560 3.456 Garrison Cassels Brock & Blackwell LLP 6 1.37 4 McCarthy Tetrault 6 6.745 820 5 4 8.817 -2.072 Fasken Martineau DuMoulin LLP 6 2.33 4 Torys 7 5.309 645 5 2 15.947 -10.638 Goodmans LLP 6 5.30 4 Goodmans LLP 8 5.300 644 4 9 2.651 2.649 Gowling Lafleur Henderson 6 1.00 4 Osler Hoskin & Harcourt LLP 9 4.444 540 3 7 3.697 0.747 Fasken Martineau DuMoulin LLP 10 2.331 283 4 20 0.124 2.207 Paul Weiss Rifkind Wharton & 6 10.02 4 Ropes & Gray 11 1.608 196 1 - - 1.608 Garrison Cassels Brock & Blackwell LLP 12 1.366 166 4 8 3.356 -1.990 Burnet Duckworth & Palmer 11 0.87 3 DLA Piper LLP 13 1.189 145 2 17 0.569 0.620 Burstall Winger LLP 11 0.38 3 Gowling Lafleur Henderson 14 0.999 121 4 - - 0.999 Clark Wilson LLP 11 0.40 3 Cooley LLP 15 0.965 117 2 - - 0.965 Farris Vaughan Wills & Murphy 11 0.36 3 Goodwin Procter LLP 16 0.960 117 1 - - 0.960 Burnet Duckworth & Palmer 17 0.865 105 3 6 4.822 -3.957 Miller Thomson LLP 11 0.22 3 Andrews Kurth LLP 18 0.536 65 1 - - 0.536 Norton Rose Fulbright LLP 11 0.11 3 Dentons 19 0.464 56 2 10 2.136 -1.672 Osler Hoskin & Harcourt LLP 11 4.44 3 McMillan LLP 20 0.447 54 2 - - 0.447 Cooley LLP 18 0.96 2 TOTAL 100% 12,155 86 100% Dentons 18 0.46 2 McMillan LLP 18 0.45 2
Bloomberg League Table Reports Page 25 Bloomberg Global Legal Adviser | Q1 2017
Canada Equity, Equity Linked & Preferred: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (CAD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Blake Cassels & Graydon LLP 1 29.62 14 Blake Cassels & Graydon LLP 1 29.619 2,660 14 6 7.918 21.701 Stikeman Elliott 1 8.98 14 Paul Weiss Rifkind Wharton & 2 18.909 1,698 4 2 12.428 6.481 Borden Ladner Gervais LLP 3 5.54 9 Garrison Cassels Brock & Blackwell LLP 4 1.06 4 Stikeman Elliott 3 8.981 807 14 3 12.298 -3.317 Torys 4 5.735 515 2 12 0.679 5.056 Miller Thomson LLP 4 0.79 4 Dentons 5 5.698 512 3 5 7.986 -2.288 Paul Weiss Rifkind Wharton & 4 18.91 4 Borden Ladner Gervais LLP 6 5.540 498 9 16 0.091 5.449 Garrison Osler Hoskin & Harcourt LLP 7 3.146 283 3 8 5.227 -2.081 Baker & McKenzie 7 0.44 3 Simpson Thacher & Bartlett 8 2.883 259 1 - - 2.883 Burstall Winger LLP 7 0.37 3 Davies Ward Phillips & Vineberg 9 2.868 258 2 10 1.260 1.608 Dentons 7 5.70 3 LLP Skadden Arps Slate Meagher & 10 2.205 198 3 7 6.962 -4.757 McCarthy Tetrault 7 0.59 3 Flom Osler Hoskin & Harcourt LLP 7 3.15 3 Latham & Watkins LLP 11 2.177 196 1 - - 2.177 Skadden Arps Slate Meagher & 7 2.21 3 Fasken Martineau DuMoulin LLP 12 1.840 165 2 - - 1.840 Flom Burnet Duckworth & Palmer 13 1.290 116 2 11 1.227 0.063 Bennett Jones LLP 13 0.49 2 McMillan LLP 14 1.184 106 2 18 0.064 1.120 Burnet Duckworth & Palmer 13 1.29 2 Cassels Brock & Blackwell LLP 15 1.060 95 4 - - 1.060 Norton Rose Fulbright LLP 16 0.892 80 1 1 30.690 -29.798 DLA Piper LLP 13 0.22 2 Goodmans LLP 17 0.832 75 1 - - 0.832 Davies Ward Phillips & Vineberg 13 2.87 2 Miller Thomson LLP 18 0.794 71 4 24 0.002 0.792 LLP Duane Morris LLP 19 0.726 65 1 - - 0.726 Fasken Martineau DuMoulin LLP 13 1.84 2 McCarthy Tetrault 20 0.591 53 3 4 9.139 -8.548 McCullough O'Connor Irwin 13 0.08 2 TOTAL 100% 8,980 83 100% McMillan LLP 13 1.18 2 Torys 13 5.74 2
Bloomberg League Table Reports Page 26 Bloomberg Global Legal Adviser | Q1 2017
Canadian Corporate Bonds: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (CAD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Blake Cassels & Graydon LLP 1 16.99 7 Davis Polk & Wardwell 1 16.990 1,750 2 - - 16.990 Stikeman Elliott 2 12.33 5 Blake Cassels & Graydon LLP 1 16.990 1,750 7 - - 16.990 Davis Polk & Wardwell 3 16.99 2 McCarthy Tetrault 3 14.563 1,500 1 5 9.091 5.472 Sullivan & Cromwell 3 7.28 2 Stikeman Elliott 4 12.330 1,270 5 6 4.481 7.849 Torys 3 4.85 2 McGuireWoods LLP 5 9.709 1,000 1 - - 9.709 Sullivan & Cromwell 6 7.282 750 2 - - 7.282 Baker & McKenzie 6 1.17 1 Torys 7 4.854 500 2 6 4.481 0.373 Burnet Duckworth & Palmer 6 1.46 1 Goodmans LLP 8 2.913 300 1 - - 2.913 Carter Ledyard & Milburn LLP 6 1.46 1 Lawson Lundell 9 2.427 250 1 - - 2.427 Dentons 6 1.46 1 Freshfields Bruckhaus 10 2.330 240 1 8 3.841 -1.511 Deringer Freshfields Bruckhaus 6 2.33 1 Carter Ledyard & Milburn LLP 11 1.456 150 1 - - 1.456 Deringer Sherman & Howard LLC 11 1.456 150 1 - - 1.456 Goodmans LLP 6 2.91 1 Osler Hoskin & Harcourt LLP 11 1.456 150 1 1 21.127 -19.671 King & Wood Mallesons 6 1.17 1 Dentons 11 1.456 150 1 11 1.921 -0.465 Lawson Lundell 6 2.43 1 Burnet Duckworth & Palmer 11 1.456 150 1 - - 1.456 McCarthy Tetrault 6 14.56 1 King & Wood Mallesons 16 1.165 120 1 11 1.921 -0.756 Baker & McKenzie 16 1.165 120 1 - - 1.165 McGuireWoods LLP 6 9.71 1 ------Osler Hoskin & Harcourt LLP 6 1.46 1 ------Sherman & Howard LLC 6 1.46 1 ------TOTAL 100% 10,300 22 100%
Bloomberg League Table Reports Page 27 Bloomberg Global Legal Adviser | Q1 2017
Canadian Corporate Bonds: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (CAD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) McCarthy Tetrault 1 14.79 4 Norton Rose Fulbright LLP 1 22.508 1,750 2 - - 22.508 Norton Rose Fulbright LLP 2 22.51 2 Sidley Austin LLP 1 22.508 1,750 2 - - 22.508 Shearman & Sterling LLP 2 9.65 2 McCarthy Tetrault 3 14.791 1,150 4 3 14.355 0.436 Sidley Austin LLP 2 22.51 2 Morrison & Foerster LLP 4 12.862 1,000 1 - - 12.862 Allen & Overy LLP 5 7.72 1 Shearman & Sterling LLP 5 9.646 750 2 - - 9.646 Allen & Overy LLP 6 7.717 600 1 4 8.759 -1.042 Davies Ward Phillips & Vineberg 5 0.96 1 Dentons 7 3.859 300 1 - - 3.859 LLP Osler Hoskin & Harcourt LLP 8 3.215 250 1 8 2.920 0.295 Dentons 5 3.86 1 Goodmans LLP 9 1.929 150 1 5 4.866 -2.937 Goodmans LLP 5 1.93 1 Davies Ward Phillips & Vineberg 10 0.965 75 1 7 4.380 -3.415 Morrison & Foerster LLP 5 12.86 1 LLP ------Osler Hoskin & Harcourt LLP 5 3.22 1 ------TOTAL 100% 7,775 14 100%
Bloomberg League Table Reports Page 28 Bloomberg Global Legal Adviser | Q1 2017
EMEA Equity IPO: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Firm Rank Mkt Share(%) Deal Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Advokatfirman Vinge KB 1 2.53 3 Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Abdullah Alsaleh Law Firm 2 0.32 2 Herbert Smith Freehills 1 14.345 762 1 - - 14.345 Loyens & Loeff 2 3.18 2 J&A Garrigues SLp 2 7.503 399 1 - - 7.503 Shearman & Sterling LLP 2 4.42 2 Davis Polk & Wardwell 2 7.503 399 1 - - 7.503 Uria Menendez Law Firm 4 7.155 380 1 - - 7.155 Advokatfirman Cederquist KB 5 1.38 1 Allen & Overy LLP 4 7.155 380 1 4 7.427 -0.272 Allen & Overy LLP 5 7.16 1 White & Case LLP 6 6.098 324 1 5 6.959 -0.861 Brown Rudnick LLP 5 2.64 1 Shearman & Sterling LLP 7 4.417 235 2 - - 4.417 Davis Polk & Wardwell 5 7.50 1 Travers Smith 8 3.448 183 1 - - 3.448 Eversheds Sutherland Ltd 5 2.82 1 M Partners Inc 9 3.332 177 1 - - 3.332 Stephenson Harwood 10 3.244 172 1 - - 3.244 Herbert Smith Freehills 5 14.34 1 Loyens & Loeff 11 3.181 169 2 - - 3.181 J&A Garrigues SLp 5 7.50 1 Eversheds Sutherland Ltd 12 2.825 150 1 - - 2.825 K&L Gates LLP 5 1.98 1 Brown Rudnick LLP 13 2.641 140 1 - - 2.641 Latham & Watkins LLP 5 2.12 1 Advokatfirman Vinge KB 14 2.533 135 3 - - 2.533 M Partners Inc 5 3.33 1 Latham & Watkins LLP 15 2.124 113 1 2 14.756 -12.632 Reed Smith LLP 16 2.108 112 1 - - 2.108 Macfarlanes LLP 5 2.11 1 Macfarlanes LLP 16 2.108 112 1 - - 2.108 Reed Smith LLP 5 2.11 1 K&L Gates LLP 18 1.977 105 1 - - 1.977 Stephenson Harwood 5 3.24 1 Webber Wentzel 19 1.967 104 1 - - 1.967 Travers Smith 5 3.45 1 Advokatfirman Cederquist 20 1.381 73 1 - - 1.381 KB Webber Wentzel 5 1.97 1 TOTAL 100% 5,311 40 100% White & Case LLP 5 6.10 1
Bloomberg League Table Reports Page 29 Bloomberg Global Legal Adviser | Q1 2017
EMEA Equity IPO: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) White & Case LLP 1 26.54 5 White & Case LLP 1 26.541 1,318 5 4 8.969 17.572 Allen & Overy LLP 2 4.32 2 Linklaters LLP 2 21.828 1,084 2 - - 21.828 Gowling Lafleur Henderson 2 7.16 2 Norton Rose Fulbright LLP 3 15.343 762 1 - - 15.343 Linklaters LLP 2 21.83 2 Gowling Lafleur Henderson 4 7.157 355 2 - - 7.157 Osborne Clarke Europe OWA 2 4.32 2 Cahill Gordon & Reindel 5 7.128 354 1 - - 7.128 Travers Smith 6 4.510 224 1 - - 4.510 Advokatfirman Hammarskiold & 6 1.48 1 Allen & Overy LLP 7 4.317 214 2 3 9.806 -5.489 Co Osborne Clarke Europe OWA 8 4.317 214 2 - - 4.317 Brandford-Griffith & Associes 6 0.51 1 Freshfields Bruckhaus Deringer 9 2.824 140 1 - - 2.824 Cahill Gordon & Reindel 6 7.13 1 Latham & Watkins LLP 10 1.948 97 1 5 8.404 -6.456 Clifford Chance LLP 6 0.51 1 Advokatfirman Hammarskiold & 11 1.477 73 1 8 3.942 -2.465 Co Freshfields Bruckhaus Deringer 6 2.82 1 Hogan Lovells US LLP 12 0.802 40 1 - - 0.802 Hogan Lovells US LLP 6 0.80 1 Roschier Asianajotoimisto Oy 13 0.751 37 1 - - 0.751 Latham & Watkins LLP 6 1.95 1 Clifford Chance LLP 14 0.511 25 1 1 31.255 -30.744 Marriott Harrison 6 0.04 1 Brandford-Griffith & Associes 14 0.511 25 1 - - 0.511 Norton Rose Fulbright LLP 6 15.34 1 Marriott Harrison 16 0.035 2 1 - - 0.035 ------Roschier Asianajotoimisto Oy 6 0.75 1 ------Travers Smith 6 4.51 1 ------TOTAL 100% 4,965 23 100%
Bloomberg League Table Reports Page 30 Bloomberg Global Legal Adviser | Q1 2017
AIM Equity Offerings: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (GBP Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) NCTM Studio Legale 1 39.96 3 NCTM Studio Legale 1 39.957 119 3 9 0.777 39.180 Associato Associato Balch & Bingham LLP 2 13.35 1 Balch & Bingham LLP 2 13.355 40 1 - - 13.355 Chitiz Pathak LLP 2 0.43 1 Taylor Wessing 3 9.262 28 1 - - 9.262 Collas Crill 2 6.74 1 Memery Crystal 4 6.736 20 1 - - 6.736 Ellis Shilengudwa Inc 2 0.43 1 Collas Crill 4 6.736 20 1 - - 6.736 Eversheds 4 6.736 20 1 - - 6.736 Eversheds 2 6.74 1 Gateley LLP 7 5.251 16 1 - - 5.251 Fladgate LLP 2 0.43 1 Marriott Harrison 8 5.052 15 1 - - 5.052 Gateley LLP 2 5.25 1 Shepherd & Wedderburn 9 2.085 6 1 - - 2.085 Luckhoo & Luckhoo 2 0.43 1 Osborne Clarke Europe OWA 10 1.434 4 1 - - 1.434 Simmons & Simmons 11 0.841 2 1 - - 0.841 Marriott Harrison 2 5.05 1 Ellis Shilengudwa Inc 12 0.428 1 1 - - 0.428 Memery Crystal 2 6.74 1 Luckhoo & Luckhoo 12 0.428 1 1 - - 0.428 Mildwaters Consulting LLP 2 0.42 1 Chitiz Pathak LLP 12 0.428 1 1 - - 0.428 Osborne Clarke Europe OWA 2 1.43 1 Fladgate LLP 12 0.428 1 1 - - 0.428 Shepherd & Wedderburn 2 2.08 1 Studio Legale Turco & 16 0.421 1 1 - - 0.421 Associati Simmons & Simmons 2 0.84 1 Mildwaters Consulting LLP 16 0.421 1 1 - - 0.421 Studio Legale Turco & 2 0.42 1 ------Associati ------Taylor Wessing 2 9.26 1 ------TOTAL 100% 296 14 100%
Bloomberg League Table Reports Page 31 Bloomberg Global Legal Adviser | Q1 2017
AIM Equity Offerings: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (GBP Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Field Fisher Waterhouse 1 33.39 3 Field Fisher Waterhouse 1 33.393 86 3 - - 33.393 Addleshaw Goddard 2 6.06 1 Travers Smith 2 17.367 45 1 3 7.434 9.933 Field Fisher & Stibbe 2 1.98 1 Hogan Lovells US LLP 3 15.561 40 1 - - 15.561 Hogan Lovells US LLP 2 15.56 1 Rosenblatt 4 10.698 28 1 - - 10.698 Holman Fenwick Willan LLP 2 5.84 1 Memery Crystal 5 7.780 20 1 - - 7.780 Addleshaw Goddard 6 6.064 16 1 2 26.227 -20.163 Memery Crystal 2 7.78 1 Holman Fenwick Willan LLP 7 5.835 15 1 - - 5.835 Rosenblatt 2 10.70 1 Field Fisher & Stibbe 8 1.978 5 1 - - 1.978 Studio Legale Pedersoli e 2 1.32 1 Studio Legale Pedersoli e 9 1.324 3 1 - - 1.324 Associati Associati Travers Smith 2 17.37 1 ------TOTAL 100% 257 11 100%
Bloomberg League Table Reports Page 32 Bloomberg Global Legal Adviser | Q1 2017
European Bonds: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (EUR Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Allen & Overy LLP 1 13.43 55 Sullivan & Cromwell 1 13.810 27,295 16 1 24.344 -10.534 Clifford Chance LLP 2 13.63 45 Clifford Chance LLP 2 13.631 26,942 45 2 15.481 -1.850 White & Case LLP 3 3.83 27 Allen & Overy LLP 3 13.434 26,553 55 3 10.947 2.487 Linklaters LLP 4 11.42 25 Linklaters LLP 4 11.417 22,566 25 4 7.906 3.511 NautaDutilh 5 3.23 19 Cleary Gottlieb Steen & 5 5.139 10,157 17 6 4.068 1.071 Hamilton Freshfields Bruckhaus Deringer 6 4.91 18 Freshfields Bruckhaus 6 4.908 9,700 18 8 2.983 1.925 Cleary Gottlieb Steen & Hamilton 7 5.14 17 Deringer Davis Polk & Wardwell 7 3.82 17 White & Case LLP 7 3.828 7,566 27 5 6.274 -2.446 Davis Polk & Wardwell 8 3.822 7,553 17 11 2.011 1.811 Mannheimer Swartling 7 0.86 17 NautaDutilh 9 3.233 6,391 19 12 1.774 1.459 Sullivan & Cromwell 10 13.81 16 Orrick Herrington & Sutcliffe 10 1.796 3,550 6 - - 1.796 Wikborg Rein & Co 11 0.58 14 LLP Advokatfirmaet Bugge, Artenz- 12 0.73 10 Cuatrecasas 11 1.518 3,000 1 18 0.663 0.855 Hansen & Rasmus Mayer Brown LLP 12 1.437 2,840 3 - - 1.437 CMS 13 1.40 9 CMS 13 1.397 2,762 9 14 1.155 0.242 Shearman & Sterling LLP 14 1.397 2,761 7 - - 1.397 McCann Fitzgerald 14 0.55 7 Slaughter and May 15 1.143 2,260 7 15 0.994 0.149 Shearman & Sterling LLP 14 1.40 7 Homburger AG 16 0.966 1,910 2 13 1.499 -0.533 Slaughter and May 14 1.14 7 Advokatfirmaet Selmer DA 17 0.962 1,902 2 20 0.616 0.346 Orrick Herrington & Sutcliffe LLP 17 1.80 6 Maples & Calder 18 0.948 1,874 2 49 0.148 0.800 Ashurst LLP 18 0.12 5 Uria Menendez Law Firm 19 0.894 1,767 4 - - 0.894 Hogan Lovells US LLP 20 0.885 1,749 4 9 2.893 -2.008 A&L Goodbody 19 0.66 4 TOTAL 100% 197,652 315 100% Debevoise & Plimpton LLP 19 0.63 4
Bloomberg League Table Reports Page 33 Bloomberg Global Legal Adviser | Q1 2017
European Bonds: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (EUR Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Allen & Overy LLP 1 23.78 123 Allen & Overy LLP 1 23.776 58,767 123 1 35.981 -12.205 Clifford Chance LLP 2 20.84 67 Clifford Chance LLP 2 20.841 51,512 67 2 21.555 -0.714 Linklaters LLP 3 14.12 48 Linklaters LLP 3 14.116 34,891 48 3 13.786 0.330 White & Case LLP 4 6.02 37 Simpson Thacher & Bartlett 4 6.146 15,191 7 6 3.140 3.006 Hengeler Mueller 5 4.50 34 White & Case LLP 5 6.023 14,888 37 4 5.977 0.046 Hengeler Mueller 6 4.502 11,126 34 5 4.608 -0.106 Hogan Lovells US LLP 6 4.46 23 Hogan Lovells US LLP 7 4.465 11,035 23 10 0.915 3.550 Davis Polk & Wardwell 7 1.60 11 Cleary Gottlieb Steen & Hamilton 8 2.615 6,463 8 12 0.699 1.916 Ashurst LLP 8 0.64 10 Skadden Arps Slate Meagher & 9 1.912 4,727 2 - - 1.912 Mayer Brown LLP 9 0.63 9 Flom Cravath Swaine & Moore 10 1.654 4,088 4 13 0.559 1.095 Cleary Gottlieb Steen & 10 2.61 8 Davis Polk & Wardwell 11 1.596 3,945 11 7 2.951 -1.355 Hamilton Cahill Gordon & Reindel 12 1.587 3,923 5 - - 1.587 Freshfields Bruckhaus 11 0.59 7 Latham & Watkins LLP 13 1.450 3,584 7 36 0.070 1.380 Deringer DLA Piper LLP 14 1.340 3,313 2 11 0.846 0.494 Latham & Watkins LLP 11 1.45 7 Shearman & Sterling LLP 15 1.334 3,297 4 8 2.230 -0.896 Simpson Thacher & Bartlett 11 6.15 7 Sullivan & Cromwell 16 0.782 1,932 3 35 0.093 0.689 Cahill Gordon & Reindel 14 1.59 5 Ashurst LLP 17 0.642 1,587 10 15 0.382 0.260 Mayer Brown LLP 18 0.632 1,561 9 16 0.373 0.259 Sidley Austin LLP 14 0.10 5 Abreu & Marques 19 0.607 1,500 1 9 1.145 -0.538 Cravath Swaine & Moore 16 1.65 4 Freshfields Bruckhaus Deringer 20 0.591 1,461 7 23 0.245 0.346 Shearman & Sterling LLP 16 1.33 4 TOTAL 100% 247,165 412 100% McCann Fitzgerald 18 0.45 3 NautaDutilh 18 0.32 3 Sullivan & Cromwell 18 0.78 3
Bloomberg League Table Reports Page 34 Bloomberg Global Legal Adviser | Q1 2017
EMEA Corporate High Yield Bonds (inc EM): Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (EUR Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Shearman & Sterling LLP 1 11.32 7 Ropes & Gray 1 15.260 2,472 3 - - 15.260 Latham & Watkins LLP 2 9.24 4 Shearman & Sterling LLP 2 11.325 1,835 7 - - 11.325 Baker & McKenzie 3 3.97 3 Latham & Watkins LLP 3 9.236 1,496 4 - - 9.236 Debevoise & Plimpton LLP 3 5.81 3 White & Case LLP 4 5.864 950 3 2 16.300 -10.436 Kirkland & Ellis 3 4.88 3 Debevoise & Plimpton LLP 5 5.813 942 3 - - 5.813 Kirkland & Ellis 6 4.876 790 3 10 2.176 2.700 Ropes & Gray 3 15.26 3 Freshfields Bruckhaus Deringer 7 4.260 690 2 6 9.293 -5.033 White & Case LLP 3 5.86 3 Baker & McKenzie 8 3.966 642 3 - - 3.966 Clifford Chance LLP 8 3.03 2 Paul Hastings LLP 9 3.086 500 1 - - 3.086 Freshfields Bruckhaus Deringer 8 4.26 2 Hogan Lovells US LLP 10 3.077 499 2 - - 3.077 Clifford Chance LLP 11 3.032 491 2 5 10.336 -7.304 Harneys Aristodemou Loisides 8 1.95 2 Yiolitis LLC Orrick Herrington & Sutcliffe LLP 12 2.932 475 1 - - 2.932 William Fry 13 2.315 375 1 - - 2.315 Hogan Lovells US LLP 8 3.08 2 Loyens & Loeff 14 1.989 322 2 - - 1.989 Loyens & Loeff 8 1.99 2 Harneys Aristodemou Loisides Yiolitis 15 1.952 316 2 - - 1.952 Baer & Karrer AG 13 1.62 1 LLC Bonelli Erede Pappalardo 13 1.23 1 Cleary Gottlieb Steen & Hamilton 16 1.852 300 1 - - 1.852 Baer & Karrer AG 17 1.620 263 1 - - 1.620 Cleary Gottlieb Steen & Hamilton 13 1.85 1 Roschier Asianajotoimisto Oy 18 1.543 250 1 - - 1.543 Mourant Ozzannes 13 1.53 1 Mourant Ozzannes 19 1.526 247 1 - - 1.526 Orrick Herrington & Sutcliffe LLP 13 2.93 1 Carey Olsen 20 1.234 200 1 4 10.929 -9.695 Paul Hastings LLP 13 3.09 1 TOTAL 100% 16,201 37 100% Roschier Asianajotoimisto Oy 13 1.54 1 William Fry 13 2.31 1
Bloomberg League Table Reports Page 35 Bloomberg Global Legal Adviser | Q1 2017
EMEA Corporate High Yield Bonds (inc EM): Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (EUR Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Latham & Watkins LLP 1 18.04 10 Latham & Watkins LLP 1 18.037 3,352 10 5 7.722 10.315 Allen & Overy LLP 2 12.76 5 Cahill Gordon & Reindel 2 13.114 2,438 4 - - 13.114 Linklaters LLP 2 6.23 5 Allen & Overy LLP 3 12.763 2,372 5 2 26.212 -13.449 Cahill Gordon & Reindel 4 13.11 4 Clifford Chance LLP 4 9.663 1,796 3 1 30.525 -20.862 Clifford Chance LLP 5 9.66 3 Linklaters LLP 5 6.231 1,158 5 - - 6.231 Sullivan & Cromwell 6 5.365 997 2 - - 5.365 NautaDutilh 5 2.41 3 Simpson Thacher & Bartlett 7 4.679 870 3 - - 4.679 Simpson Thacher & Bartlett 5 4.68 3 Paul Hastings LLP 8 3.939 732 2 - - 3.939 Baker & McKenzie 8 2.99 2 Baker & McKenzie 9 2.994 557 2 - - 2.994 Cleary Gottlieb Steen & Hamilton 8 2.78 2 Cleary Gottlieb Steen & Hamilton 10 2.780 517 2 - - 2.780 Shearman & Sterling LLP 11 2.463 458 1 - - 2.463 Paul Hastings LLP 8 3.94 2 NautaDutilh 12 2.406 447 3 - - 2.406 Sullivan & Cromwell 8 5.36 2 McCann Fitzgerald 13 2.018 375 1 - - 2.018 Hogan Lovells US LLP 12 1.61 1 KZH Holding Corp 14 1.996 371 1 - - 1.996 KZH Holding Corp 12 2.00 1 Hogan Lovells US LLP 15 1.614 300 1 - - 1.614 Kirkland & Ellis 12 1.08 1 Ritch Mueller SC 16 1.345 250 1 - - 1.345 Milbank Tweed Hadley & McCloy 17 1.076 200 1 - - 1.076 McCann Fitzgerald 12 2.02 1 LLP Milbank Tweed Hadley & McCloy 12 1.08 1 Kirkland & Ellis 17 1.076 200 1 3 12.921 -11.845 LLP Ogier 17 1.076 200 1 - - 1.076 Ogier 12 1.08 1 Walkers 17 1.076 200 1 - - 1.076 Ritch Mueller SC 12 1.35 1 TOTAL 100% 18,586 41 100% Shearman & Sterling LLP 12 2.46 1 Walkers 12 1.08 1
Bloomberg League Table Reports Page 36 Bloomberg Global Legal Adviser | Q1 2017
EMEA Corporate Investment Grade Bonds (inc EM): Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (EUR Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Freshfields Bruckhaus Deringer 1 14.43 12 Skadden Arps Slate Meagher & 1 15.556 6,500 7 - - 15.556 Allen & Overy LLP 2 9.90 10 Flom Skadden Arps Slate Meagher & 3 15.56 7 Freshfields Bruckhaus Deringer 2 14.428 6,029 12 4 9.972 4.456 Flom Cleary Gottlieb Steen & Hamilton 3 10.171 4,250 3 6 3.959 6.212 Clifford Chance LLP 4 6.97 6 Allen & Overy LLP 4 9.898 4,136 10 3 11.650 -1.752 Linklaters LLP 5 7.20 5 Linklaters LLP 5 7.200 3,008 5 1 17.237 -10.037 Orrick Herrington & Sutcliffe LLP 6 7.060 2,950 5 - - 7.060 Orrick Herrington & Sutcliffe LLP 5 7.06 5 Clifford Chance LLP 7 6.965 2,911 6 2 15.510 -8.545 A&L Goodbody 7 3.11 4 A&L Goodbody 8 3.111 1,300 4 - - 3.111 Cleary Gottlieb Steen & Hamilton 8 10.17 3 NautaDutilh 9 3.011 1,258 2 22 0.699 2.312 Ashurst LLP 9 0.07 2 Morrison & Foerster LLP 10 2.707 1,131 2 - - 2.707 Latham & Watkins LLP 11 2.632 1,100 2 9 3.519 -0.887 Bowman Gilfillan 9 0.11 2 Wachtell Lipton Rosen & Katz 12 2.393 1,000 1 8 3.871 -1.478 King & Wood Mallesons 9 0.22 2 Cravath Swaine & Moore 12 2.393 1,000 1 6 3.959 -1.566 Latham & Watkins LLP 9 2.63 2 White & Case LLP 14 1.847 772 2 - - 1.847 Morrison & Foerster LLP 9 2.71 2 De Gaulle Fleurance & Associes 15 1.436 600 1 - - 1.436 NautaDutilh 9 3.01 2 CMS 15 1.436 600 1 - - 1.436 O'Melveny & Myers LLP 17 1.197 500 1 - - 1.197 White & Case LLP 9 1.85 2 Wilmer Cutler Pickering Hale & Dorr 17 1.197 500 1 - - 1.197 De Gaulle Fleurance & Associes 16 1.44 1 LLP Mannheimer Swartling 16 0.84 1 Mannheimer Swartling 19 0.838 350 1 43 0.095 0.743 O'Melveny & Myers LLP 16 1.20 1 Shearman & Sterling LLP 20 0.746 312 1 - - 0.746 TOTAL 100% 41,785 69 100% Shearman & Sterling LLP 16 0.75 1 Wilmer Cutler Pickering Hale & 16 1.20 1 Dorr LLP
Bloomberg League Table Reports Page 37 Bloomberg Global Legal Adviser | Q1 2017
EMEA Corporate Investment Grade Bonds (inc EM): Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (EUR Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Allen & Overy LLP 1 23.43 24 Allen & Overy LLP 1 23.430 12,175 24 1 41.949 -18.519 Clifford Chance LLP 2 15.57 15 Linklaters LLP 2 17.496 9,091 14 5 5.491 12.005 Linklaters LLP 3 17.50 14 Clifford Chance LLP 3 15.566 8,089 15 2 22.202 -6.636 White & Case LLP 4 5.37 7 Simpson Thacher & Bartlett 4 8.660 4,500 5 9 0.972 7.688 Hengeler Mueller 5 5.11 5 White & Case LLP 5 5.374 2,792 7 4 5.580 -0.206 Hengeler Mueller 6 5.105 2,653 5 - - 5.105 Simpson Thacher & Bartlett 5 8.66 5 Alston & Bird LLP 7 4.811 2,500 3 - - 4.811 Sidley Austin LLP 7 3.53 4 Shearman & Sterling LLP 8 4.089 2,125 3 6 4.341 -0.252 Alston & Bird LLP 8 4.81 3 Ritch Mueller SC 8 4.089 2,125 3 8 1.563 2.526 Ritch Mueller SC 8 4.09 3 Sidley Austin LLP 10 3.525 1,832 4 11 0.695 2.830 Davis Polk & Wardwell 11 1.924 1,000 1 3 12.572 -10.648 Shearman & Sterling LLP 8 4.09 3 O'Melveny & Myers LLP 12 1.349 701 2 - - 1.349 Ashurst LLP 11 0.05 2 CMS 13 1.155 600 1 - - 1.155 Bowman Gilfillan 11 0.09 2 NautaDutilh 14 0.962 500 1 - - 0.962 O'Melveny & Myers LLP 11 1.35 2 Adnan Sundra & Low 15 0.899 467 1 - - 0.899 Studio Foglia Cisternino & 11 0.67 2 Studio Foglia Cisternino & 16 0.674 350 2 - - 0.674 Partners Partners Linklaters CIS 17 0.456 237 1 - - 0.456 Adnan Sundra & Low 15 0.90 1 Roschier Asianajotoimisto Oy 18 0.289 150 1 - - 0.289 CMS 15 1.15 1 Bowman Gilfillan 19 0.091 48 2 14 0.124 -0.033 Davis Polk & Wardwell 15 1.92 1 Ashurst LLP 20 0.054 28 2 - - 0.054 Linklaters CIS 15 0.46 1 TOTAL 100% 51,962 85 100% NautaDutilh 15 0.96 1 Roschier Asianajotoimisto Oy 15 0.29 1
Bloomberg League Table Reports Page 38 Bloomberg Global Legal Adviser | Q1 2017
Western European Corporate High Yield Bonds: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (EUR Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Shearman & Sterling LLP 1 11.68 5 Ropes & Gray 1 20.832 2,472 3 - - 20.832 Baker & McKenzie 2 5.41 3 Shearman & Sterling LLP 2 11.679 1,386 5 - - 11.679 Kirkland & Ellis 2 6.66 3 White & Case LLP 3 8.005 950 3 6 5.213 2.792 Ropes & Gray 2 20.83 3 Kirkland & Ellis 4 6.657 790 3 8 2.780 3.877 White & Case LLP 2 8.00 3 Baker & McKenzie 5 5.414 642 3 - - 5.414 Hogan Lovells US LLP 6 4.201 499 2 - - 4.201 Clifford Chance LLP 6 4.14 2 Clifford Chance LLP 7 4.139 491 2 4 13.207 -9.068 Debevoise & Plimpton LLP 6 3.77 2 Orrick Herrington & Sutcliffe 8 4.002 475 1 - - 4.002 Hogan Lovells US LLP 6 4.20 2 LLP Latham & Watkins LLP 6 3.09 2 Freshfields Bruckhaus 9 3.857 458 1 5 7.820 -3.963 Deringer Loyens & Loeff 6 2.72 2 Debevoise & Plimpton LLP 10 3.769 447 2 - - 3.769 Baer & Karrer AG 11 2.21 1 William Fry 11 3.160 375 1 - - 3.160 Bonelli Erede Pappalardo 11 1.69 1 Latham & Watkins LLP 12 3.090 367 2 - - 3.090 Carey Olsen 11 1.69 1 Loyens & Loeff 13 2.715 322 2 - - 2.715 Cleary Gottlieb Steen & 14 2.528 300 1 - - 2.528 Cleary Gottlieb Steen & 11 2.53 1 Hamilton Hamilton Baer & Karrer AG 15 2.212 263 1 - - 2.212 Freshfields Bruckhaus 11 3.86 1 Roschier Asianajotoimisto Oy 16 2.107 250 1 - - 2.107 Deringer Carey Olsen 17 1.685 200 1 3 13.965 -12.280 Linklaters LLP 11 1.47 1 Bonelli Erede Pappalardo 17 1.685 200 1 - - 1.685 Orrick Herrington & Sutcliffe 11 4.00 1 Linklaters LLP 19 1.475 175 1 1 27.931 -26.456 LLP Simpson Thacher & Bartlett 20 1.369 163 1 2 16.398 -15.029 Roschier Asianajotoimisto Oy 11 2.11 1 TOTAL 100% 11,868 28 100% Simpson Thacher & Bartlett 11 1.37 1 William Fry 11 3.16 1
Bloomberg League Table Reports Page 39 Bloomberg Global Legal Adviser | Q1 2017
Western European Corporate High Yield Bonds: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (EUR Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Latham & Watkins LLP 1 23.02 10 Latham & Watkins LLP 1 23.021 3,352 10 6 4.802 18.219 Allen & Overy LLP 2 9.91 4 Cahill Gordon & Reindel 2 16.738 2,438 4 - - 16.738 Cahill Gordon & Reindel 2 16.74 4 Allen & Overy LLP 3 9.905 1,443 4 2 28.023 -18.118 Linklaters LLP 2 6.01 4 Clifford Chance LLP 4 9.785 1,425 2 1 32.634 -22.849 NautaDutilh 5 3.07 3 Sullivan & Cromwell 5 6.847 997 2 - - 6.847 Linklaters LLP 6 6.009 875 4 - - 6.009 Simpson Thacher & Bartlett 5 5.97 3 Simpson Thacher & Bartlett 7 5.972 870 3 - - 5.972 Clifford Chance LLP 7 9.79 2 Shearman & Sterling LLP 8 3.144 458 1 - - 3.144 Sullivan & Cromwell 7 6.85 2 NautaDutilh 9 3.071 447 3 - - 3.071 Cleary Gottlieb Steen & Hamilton 9 1.83 1 McCann Fitzgerald 10 2.575 375 1 - - 2.575 Hogan Lovells US LLP 11 2.060 300 1 - - 2.060 Cravath Swaine & Moore 9 1.20 1 Cleary Gottlieb Steen & Hamilton 12 1.831 267 1 - - 1.831 Hogan Lovells US LLP 9 2.06 1 Ogier 13 1.373 200 1 - - 1.373 Kirkland & Ellis 9 1.37 1 Milbank Tweed Hadley & McCloy 13 1.373 200 1 - - 1.373 McCann Fitzgerald 9 2.58 1 LLP Milbank Tweed Hadley & McCloy 9 1.37 1 Kirkland & Ellis 13 1.373 200 1 3 13.814 -12.441 LLP Walkers 13 1.373 200 1 - - 1.373 Pestalozzi Attorneys at Law Ltd 17 1.202 175 1 - - 1.202 Norton Rose Fulbright LLP 9 1.14 1 Cravath Swaine & Moore 17 1.202 175 1 4 8.917 -7.715 Ogier 9 1.37 1 Norton Rose Fulbright LLP 19 1.144 167 1 - - 1.144 Pestalozzi Attorneys at Law Ltd 9 1.20 1 ------Shearman & Sterling LLP 9 3.14 1 TOTAL 100% 14,562 32 100% Walkers 9 1.37 1
Bloomberg League Table Reports Page 40 Bloomberg Global Legal Adviser | Q1 2017
Sukuk & Islamic Financing: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Albar & Partners 1 12.22 5 Allen & Overy LLP 1 44.081 2,000 2 2 20.627 23.454 Thamrin & Rachman 2 0.64 3 White & Case LLP 2 33.061 1,500 2 4 10.313 22.748 Allen & Overy LLP 3 44.08 2 Albar & Partners 3 12.219 554 5 10 0.850 11.369 Dentons 3 5.51 2 Dentons 4 5.510 250 2 - - 5.510 White & Case LLP 3 33.06 2 Maples & Calder 5 2.755 125 1 - - 2.755 Zul Rafique & Partners 6 1.486 67 1 9 1.523 -0.037 Maples & Calder 6 2.76 1 Thamrin & Rachman 7 0.638 29 3 - - 0.638 Raja Eleena Siew Ang & 6 0.25 1 Raja Eleena Siew Ang & 8 0.249 11 1 - - 0.249 Associates Associates Zul Rafique & Partners 6 1.49 1 ------TOTAL 100% 4,537 16 100%
Bloomberg League Table Reports Page 41 Bloomberg Global Legal Adviser | Q1 2017
Sukuk & Islamic Financing: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Zaid Ibrahim & Co 1 9.81 6 Linklaters LLP 1 26.896 1,083 2 5 7.435 19.461 Adnan Sundra & Low 2 0.99 4 Allen & Overy LLP 2 24.827 1,000 1 2 24.424 0.403 Zul Rafique & Partners 3 12.20 3 Clifford Chance LLP 3 12.999 524 2 1 32.996 -19.997 Clifford Chance LLP 4 13.00 2 Zul Rafique & Partners 4 12.205 492 3 10 0.536 11.669 Hisham Sobri & Kadir 4 3.36 2 Zaid Ibrahim & Co 5 9.812 395 6 4 10.545 -0.733 Hisham Sobri & Kadir 6 3.356 135 2 - - 3.356 Linklaters LLP 4 26.90 2 King & Spalding 7 3.103 125 1 - - 3.103 Albar & Partners 7 1.67 1 Meysan Partners Attorneys and Legal 8 2.069 83 1 - - 2.069 Allen & Overy LLP 7 24.83 1 Consult Kamco 7 2.07 1 Kamco 8 2.069 83 1 - - 2.069 Albar & Partners 10 1.674 67 1 9 1.090 0.584 King & Spalding 7 3.10 1 Adnan Sundra & Low 11 0.990 40 4 3 15.392 -14.402 Meysan Partners Attorneys and 7 2.07 1 ------Legal Consult ------TOTAL 100% 4,027 21 100%
Bloomberg League Table Reports Page 42 Bloomberg Global Legal Adviser | Q1 2017
GCC Sukuk: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Firm Rank Mkt Share(%) Deal Count Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Dentons 1 8.70 2 White & Case LLP 1 52.174 1,500 2 1 39.475 12.699 White & Case LLP 1 52.17 2 Allen & Overy LLP 2 34.783 1,000 1 1 39.475 -4.692 Allen & Overy LLP 3 34.78 1 Dentons 3 8.696 250 2 - - 8.696 Maples & Calder 3 4.35 1 Maples & Calder 4 4.348 125 1 - - 4.348 ------TOTAL 100% 2,875 5 100%
Bloomberg League Table Reports Page 43 Bloomberg Global Legal Adviser | Q1 2017
GCC Sukuk: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Allen & Overy LLP 1 53.33 1 Allen & Overy LLP 1 53.333 1,000 1 - - 53.333 Clifford Chance LLP 1 26.67 1 Clifford Chance LLP 2 26.667 500 1 1 78.950 -52.283 Kamco 1 4.44 1 King & Spalding 3 6.667 125 1 - - 6.667 King & Spalding 1 6.67 1 Meysan Partners Attorneys and Legal 4 4.444 83 1 - - 4.444 Consult Linklaters LLP 1 4.44 1 Kamco 4 4.444 83 1 - - 4.444 Meysan Partners Attorneys and 1 4.44 1 Linklaters LLP 4 4.444 83 1 - - 4.444 Legal Consult ------TOTAL 100% 1,875 4 100%
Bloomberg League Table Reports Page 44 Bloomberg Global Legal Adviser | Q1 2017
EMEA Loans: Legal Adviser - Lender Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (EUR Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Allen & Overy LLP 1 45.35 18 Allen & Overy LLP 1 45.349 44,919 18 2 22.450 22.899 Clifford Chance LLP 2 26.19 9 Clifford Chance LLP 2 26.194 25,945 9 1 28.242 -2.048 Cahill Gordon & Reindel 3 3.70 7 Linklaters LLP 3 4.455 4,413 7 3 18.805 -14.350 Linklaters LLP 3 4.45 7 Weil Gotshal & Manges LLP 4 3.761 3,725 7 17 0.361 3.400 Weil Gotshal & Manges LLP 3 3.76 7 Cahill Gordon & Reindel 5 3.704 3,669 7 31 0.062 3.642 Milbank Tweed Hadley & McCloy 6 3.092 3,063 1 - - 3.092 Latham & Watkins LLP 6 1.88 5 LLP Dentons 7 2.07 4 Sidley Austin LLP 7 2.370 2,348 1 - - 2.370 Ashurst LLP 8 0.67 3 Dentons 8 2.073 2,053 4 7 2.415 -0.342 DLA Piper LLP 8 0.15 3 Latham & Watkins LLP 9 1.884 1,866 5 5 4.812 -2.928 Watson Farley & Williams 10 1.569 1,554 2 19 0.295 1.274 Jones Day 10 0.47 2 White & Case LLP 11 1.161 1,150 1 4 5.066 -3.905 Watson Farley & Williams 10 1.57 2 Baker & McKenzie 12 0.946 937 1 8 1.803 -0.857 Al Tamimi & Co 12 0.11 1 Norton Rose Fulbright LLP 13 0.836 828 1 12 1.014 -0.178 Baker & McKenzie 12 0.95 1 Ashurst LLP 14 0.670 664 3 16 0.582 0.088 Herbert Smith Freehills 12 0.23 1 Jones Day 15 0.475 470 2 26 0.198 0.277 Schulte Roth & Zabel LLP 16 0.396 392 1 - - 0.396 Hogan Lovells US LLP 12 0.32 1 Hogan Lovells US LLP 17 0.324 321 1 11 1.503 -1.179 Milbank Tweed Hadley & McCloy 12 3.09 1 Herbert Smith Freehills 18 0.228 225 1 6 4.121 -3.893 LLP DLA Piper LLP 19 0.150 148 3 28 0.115 0.035 Norton Rose Fulbright LLP 12 0.84 1 Al Tamimi & Co 20 0.107 106 1 29 0.105 0.002 Schulte Roth & Zabel LLP 12 0.40 1 TOTAL 100% 99,051 83 100% Sidley Austin LLP 12 2.37 1 White & Case LLP 12 1.16 1
Bloomberg League Table Reports Page 45 Bloomberg Global Legal Adviser | Q1 2017
EMEA Loans: Legal Adviser - Borrower Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (EUR Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Allen & Overy LLP 1 11.39 7 Sullivan & Cromwell 1 17.399 6,250 1 - - 17.399 Latham & Watkins LLP 2 10.89 6 Allen & Overy LLP 2 11.386 4,090 7 2 19.501 -8.115 Kirkland & Ellis 3 6.19 5 Latham & Watkins LLP 3 10.886 3,910 6 6 2.691 8.195 Clifford Chance LLP 4 2.43 3 Slaughter and May 4 7.494 2,692 2 1 22.960 -15.466 White & Case LLP 4 2.69 3 Kirkland & Ellis 5 6.195 2,225 5 - - 6.195 Proskauer Rose LLP 6 4.263 1,531 1 - - 4.263 Ashurst LLP 6 2.79 2 Osborne Clarke Europe OWA 6 4.263 1,531 1 - - 4.263 Simpson Thacher & Bartlett 6 2.48 2 Darrois Villey Maillot Brochier 8 3.268 1,174 1 - - 3.268 Slaughter and May 6 7.49 2 Vinson & Elkins LLP 8 3.268 1,174 1 - - 3.268 Bond Dickinson LLP 9 1.29 1 Ashurst LLP 10 2.794 1,004 2 8 1.710 1.084 White & Case LLP 11 2.689 966 3 16 0.962 1.727 Cleary Gottlieb Steen & 9 2.45 1 Hamilton Simpson Thacher & Bartlett 12 2.483 892 2 43 0.028 2.455 Cleary Gottlieb Steen & 13 2.450 880 1 10 1.525 0.925 Darrois Villey Maillot Brochier 9 3.27 1 Hamilton Dechert 9 1.29 1 Clifford Chance LLP 14 2.427 872 3 4 11.838 -9.411 Dentons 9 2.07 1 Hengeler Mueller 15 2.366 850 1 11 1.293 1.073 Hengeler Mueller 9 2.37 1 Dentons 16 2.072 744 1 - - 2.072 Herbert Smith Freehills 17 1.460 525 1 39 0.079 1.381 Herbert Smith Freehills 9 1.46 1 Simmons & Simmons 18 1.297 466 1 - - 1.297 Osborne Clarke Europe OWA 9 4.26 1 Bond Dickinson LLP 19 1.291 464 1 - - 1.291 Proskauer Rose LLP 9 4.26 1 Dechert 19 1.291 464 1 - - 1.291 Simmons & Simmons 9 1.30 1 TOTAL 100% 35,921 56 100% Sullivan & Cromwell 9 17.40 1 Vinson & Elkins LLP 9 3.27 1
Bloomberg League Table Reports Page 46 Bloomberg Global Legal Adviser | Q1 2017
Asia ex-Japan Equity IPO: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Grandall Law Firm 1 10.27 18 Grandall Law Firm 1 10.272 1,288 18 7 3.927 6.345 Beijing Deheng Law 2 6.50 13 King & Wood Mallesons 2 10.169 1,275 8 5 4.908 5.261 Conyers Dill & Pearman 2 1.17 13 Beijing Deheng Law 3 6.501 815 13 26 0.827 5.674 Beijing Grandway Law Offices 4 5.91 12 Beijing Grandway Law Offices 4 5.908 741 12 8 3.649 2.259 Allbright Law Office 5 4.56 11 Shu Jin Law Firm 5 5.483 687 7 61 0.055 5.428 Allbright Law Office 6 4.556 571 11 48 0.169 4.387 Appleby 6 0.66 10 Hunan Qiyuan Law Firm 7 3.372 423 6 33 0.650 2.722 King & Wood Mallesons 7 10.17 8 Zhong Lun Law Firm 8 3.311 415 8 9 3.386 -0.075 Zhong Lun Law Firm 7 3.31 8 Jun He Law Offices 9 2.954 370 4 10 2.813 0.141 Shu Jin Law Firm 9 5.48 7 Clifford Chance LLP 10 2.329 292 1 - - 2.329 Kadir Andri Aidham & Partners 10 2.329 292 1 - - 2.329 Hunan Qiyuan Law Firm 10 3.37 6 Cyril Amarchand Mangaldas 12 2.269 284 1 11 2.394 -0.125 M V Kini & Co 10 0.10 6 Beijing Kang Da Law Firm 13 2.220 278 3 38 0.429 1.791 Kanga & Co 12 0.10 5 Beijing Dacheng Law Offices 14 2.121 266 2 - - 2.121 Fangda Partners 13 1.14 4 Beijing Maode Attorneys at 15 1.917 240 1 - - 1.917 Law Jia Yuan Law Firm 13 1.34 4 Latham & Watkins LLP 16 1.810 227 2 57 0.072 1.738 Jun He Law Offices 13 2.95 4 Beijing JunZeJun Law Offices 17 1.695 213 2 - - 1.695 Tian Yuan Law Firm 13 1.61 4 Albar & Partners 18 1.626 204 2 - - 1.626 Beijing Kang Da Law Firm 17 2.22 3 Tian Yuan Law Firm 19 1.608 202 4 3 8.919 -7.311 CFN Lawyers in Association with 17 0.16 3 AZB & Partners 20 1.463 183 1 37 0.453 1.010 Broad & Brig TOTAL 100% 12,535 191 100% Commerce & Finance Law Offices 17 0.80 3 Maples & Calder 17 0.83 3
Bloomberg League Table Reports Page 47 Bloomberg Global Legal Adviser | Q1 2017
Asia ex-Japan Equity IPO: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Jingtian & Gongcheng 1 7.10 6 Paul Hastings LLP 1 12.104 354 2 - - 12.104 Loeb & Loeb LLP 2 1.64 5 Clifford Chance LLP 2 11.717 342 3 5 11.383 0.334 Clifford Chance LLP 3 11.72 3 Cheang & Ariff 3 9.992 292 1 - - 9.992 Norton Rose Fulbright LLP 3 1.94 3 Herbert Smith Freehills 4 7.906 231 2 1 16.237 -8.331 Addleshaw Goddard 5 3.13 2 Jilin Gongcheng Law Firm 5 7.638 223 1 - - 7.638 Jingtian & Gongcheng 6 7.104 208 6 8 1.918 5.186 Commerce & Finance Law 5 3.98 2 Zaid Ibrahim & Co 7 6.974 204 2 22 0.468 6.506 Offices Luthra & Luthra Law Offices 8 6.117 179 2 20 0.691 5.426 Herbert Smith Freehills 5 7.91 2 Sidley Austin LLP 9 4.196 123 2 6 3.440 0.756 Howse Williams Bowers 5 1.35 2 Commerce & Finance Law Offices 10 3.980 116 2 7 3.032 0.948 Luthra & Luthra Law Offices 5 6.12 2 Nishith Desai Associates 11 3.139 92 1 - - 3.139 Paul Hastings LLP 5 12.10 2 Addleshaw Goddard 12 3.130 91 2 29 0.256 2.874 Haiwen & Partners 13 2.014 59 1 - - 2.014 Sidley Austin LLP 5 4.20 2 Skadden Arps Slate Meagher & 13 2.014 59 1 23 0.447 1.567 Stephenson Harwood 5 0.39 2 Flom Zaid Ibrahim & Co 5 6.97 2 Norton Rose Fulbright LLP 15 1.941 57 3 27 0.329 1.612 Global Law Office 14 1.09 1 Loeb & Loeb LLP 16 1.640 48 5 - - 1.640 Howse Williams Bowers 17 1.350 39 2 - - 1.350 Haiwen & Partners 14 2.01 1 Morrison & Foerster LLP 18 1.089 32 1 - - 1.089 Jilin Gongcheng Law Firm 14 7.64 1 Global Law Office 18 1.089 32 1 10 1.728 -0.639 Morrison & Foerster LLP 14 1.09 1 Stevenson Wong & Co 20 0.741 22 1 - - 0.741 Nishith Desai Associates 14 3.14 1 TOTAL 100% 2,921 39 100% Skadden Arps Slate Meagher & 14 2.01 1 Flom Stevenson Wong & Co 14 0.74 1
Bloomberg League Table Reports Page 48 Bloomberg Global Legal Adviser | Q1 2017
Asia ex-Japan Issuer G3 Currency Bonds: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Linklaters LLP 1 31.61 25 Linklaters LLP 1 31.605 13,826 25 1 26.615 4.990 Cleary Gottlieb Steen & 2 5.71 9 Cleary Gottlieb Steen & 2 5.715 2,500 9 10 3.626 2.089 Hamilton Hamilton King & Wood Mallesons 3 3.98 8 King & Wood Mallesons 3 3.981 1,742 8 15 1.986 1.995 Maples & Calder 3 3.87 8 Maples & Calder 4 3.867 1,692 8 17 1.727 2.140 Ogier 3 3.12 8 Allen & Overy LLP 5 3.829 1,675 6 3 5.698 -1.869 Walkers 6 3.591 1,571 8 - - 3.591 Walkers 3 3.59 8 Latham & Watkins LLP 7 3.419 1,496 4 4 5.557 -2.138 Allen & Overy LLP 7 3.83 6 Ogier 8 3.124 1,367 8 - - 3.124 Clifford Chance LLP 7 3.11 6 Clifford Chance LLP 9 3.105 1,358 6 2 9.894 -6.789 Davis Polk & Wardwell 9 2.90 5 Davis Polk & Wardwell 10 2.895 1,267 5 18 1.146 1.749 Shin & Kim 11 2.400 1,050 4 6 5.180 -2.780 Sidley Austin LLP 9 2.19 5 Haiwen & Partners 12 2.286 1,000 4 - - 2.286 Commerce & Finance Law 11 1.77 4 Sidley Austin LLP 13 2.191 958 5 21 0.518 1.673 Offices J Sagar Associates 14 2.172 950 4 13 2.590 -0.418 Conyers Dill & Pearman 11 1.43 4 Shearman & Sterling LLP 15 1.848 808 3 - - 1.848 Haiwen & Partners 11 2.29 4 Allen & Gledhill 16 1.801 788 3 9 4.545 -2.744 J Sagar Associates 11 2.17 4 Commerce & Finance Law 17 1.772 775 4 21 0.518 1.254 Offices Latham & Watkins LLP 11 3.42 4 Lee & Ko 18 1.714 750 3 21 0.518 1.196 Shin & Kim 11 2.40 4 Jun He Law Offices 19 1.638 717 2 - - 1.638 Allen & Gledhill 17 1.80 3 Zhong Lun Law Firm 20 1.429 625 2 - - 1.429 Graham Thompson & Co 17 0.80 3 TOTAL 100% 43,746 78 100% Lee & Ko 17 1.71 3 Shearman & Sterling LLP 17 1.85 3
Bloomberg League Table Reports Page 49 Bloomberg Global Legal Adviser | Q1 2017
Asia ex-Japan Issuer G3 Currency Bonds: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Linklaters LLP 1 17.40 21 Clifford Chance LLP 1 23.135 10,749 20 1 33.895 -10.760 Clifford Chance LLP 2 23.13 20 Linklaters LLP 2 17.402 8,085 21 4 11.134 6.268 Davis Polk & Wardwell 3 11.52 15 Allen & Overy LLP 3 12.381 5,752 14 2 18.432 -6.051 Allen & Overy LLP 4 12.38 14 Davis Polk & Wardwell 4 11.515 5,350 15 3 12.547 -1.032 King & Wood Mallesons 5 7.29 11 King & Wood Mallesons 5 7.291 3,388 11 9 1.428 5.863 Jun He Law Offices 6 4.358 2,025 9 10 0.961 3.397 Jun He Law Offices 6 4.36 9 Cleary Gottlieb Steen & Hamilton 7 2.798 1,300 2 5 5.961 -3.163 Commerce & Finance Law Offices 7 2.53 3 Commerce & Finance Law Offices 8 2.529 1,175 3 - - 2.529 Jingtian & Gongcheng 7 1.40 3 Simpson Thacher & Bartlett 9 2.152 1,000 2 7 4.231 -2.079 Latham & Watkins LLP 7 1.94 3 Romulo Mabanta Buenaventura Sayoc & 9 2.152 1,000 1 8 3.846 -1.694 de LA Cleary Gottlieb Steen & Hamilton 10 2.80 2 Latham & Watkins LLP 11 1.937 900 3 - - 1.937 Jia Yuan Law Firm 10 1.18 2 Jingtian & Gongcheng 12 1.399 650 3 6 4.615 -3.216 Norton Rose Fulbright LLP 10 0.54 2 Jia Yuan Law Firm 13 1.184 550 2 - - 1.184 Shearman & Sterling LLP 10 0.48 2 Lee & Ko 14 1.076 500 1 - - 1.076 Simpson Thacher & Bartlett 10 2.15 2 Adnan Sundra & Low 14 1.076 500 1 13 0.641 0.435 Grandall Law Firm 16 0.753 350 1 10 0.961 -0.208 Zhong Lun Law Firm 10 0.75 2 Skadden Arps Slate Meagher & Flom 16 0.753 350 1 - - 0.753 Grandall Law Firm 16 0.75 1 Zhong Lun Law Firm 16 0.753 350 2 - - 0.753 Lee & Ko 16 1.08 1 Norton Rose Fulbright LLP 19 0.538 250 2 - - 0.538 Romulo Mabanta Buenaventura 16 2.15 1 Tian Yuan Law Firm 19 0.538 250 1 - - 0.538 Sayoc & de LA TOTAL 100% 46,461 86 100% Skadden Arps Slate Meagher & 16 0.75 1 Flom Tian Yuan Law Firm 16 0.54 1
Bloomberg League Table Reports Page 50 Bloomberg Global Legal Adviser | Q1 2017
Singapore Dollar Bonds: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Firm Rank Mkt Share(%) Deal Count Firm Rank Mkt Share(%) Volume (SGD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Allen & Gledhill 1 53.46 6 Allen & Gledhill 1 53.457 1,663 6 1 64.334 -10.877 Allen & Overy LLP 2 3.22 1 Linklaters LLP 2 24.116 750 1 2 13.563 10.553 Linklaters LLP 2 24.12 1 Paul Hastings LLP 3 10.048 313 1 8 1.440 8.608 Paul Hastings LLP 2 10.05 1 Rajah & Tann 4 9.164 285 1 - - 9.164 Rajah & Tann 2 9.16 1 Allen & Overy LLP 5 3.215 100 1 6 1.569 1.646 ------TOTAL 100% 3,110 9 100%
Bloomberg League Table Reports Page 51 Bloomberg Global Legal Adviser | Q1 2017
Singapore Dollar Bonds: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Firm Rank Mkt Share(%) Deal Count
Firm Rank Mkt Share(%) Volume (SGD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Allen & Overy LLP 1 39.51 3 Allen & Overy LLP 1 39.506 975 3 2 23.328 16.178 Linklaters LLP 2 36.39 2 Linklaters LLP 2 36.386 898 2 4 10.604 25.782 Allen & Gledhill 3 11.55 1 Allen & Gledhill 3 11.548 285 1 3 18.784 -7.236 Clifford Chance LLP 3 1.35 1 Shook Lin & Bok 4 6.483 160 1 - - 6.483 Shook Lin & Bok 3 6.48 1 WongPartnership LLP 5 4.052 100 1 6 6.059 -2.007 Clifford Chance LLP 6 1.351 33 1 1 27.126 -25.775 WongPartnership LLP 3 4.05 1 Zaid Ibrahim & Co 7 0.675 17 1 7 3.495 -2.820 Zaid Ibrahim & Co 3 0.68 1 ------TOTAL 100% 2,468 9 100%
Bloomberg League Table Reports Page 52 Bloomberg Global Legal Adviser | Q1 2017
China Equity IPO: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Firm Rank Share(%) Deal Count Mkt Volume (CNY Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Grandall Law Firm 1 8.15 17 King & Wood Mallesons 1 12.289 7,239 7 1 14.739 -2.450 Beijing Deheng Law 2 9.54 13 Beijing Deheng Law 2 9.537 5,618 13 11 2.883 6.654 Beijing Grandway Law 3 8.66 12 Beijing Grandway Law Offices 3 8.655 5,099 12 3 12.658 -4.003 Offices Grandall Law Firm 4 8.151 4,802 17 2 13.493 -5.342 Allbright Law Office 4 6.59 10 Shu Jin Law Firm 5 7.995 4,710 6 - - 7.995 Zhong Lun Law Firm 5 4.86 8 Allbright Law Office 6 6.593 3,884 10 - - 6.593 Hunan Qiyuan Law Firm 7 4.934 2,906 6 14 2.275 2.659 King & Wood Mallesons 6 12.29 7 Zhong Lun Law Firm 8 4.857 2,861 8 4 10.522 -5.665 Hunan Qiyuan Law Firm 7 4.93 6 Jun He Law Offices 9 4.332 2,552 4 5 9.820 -5.488 Shu Jin Law Firm 7 7.99 6 Beijing Kang Da Law Firm 10 3.254 1,917 3 15 1.490 1.764 Jun He Law Offices 9 4.33 4 Beijing Dacheng Law Offices 11 3.102 1,827 2 - - 3.102 Beijing Kang Da Law Firm 10 3.25 3 Beijing Maode Attorneys at 12 2.810 1,655 1 - - 2.810 Law Jia Yuan Law Firm 10 1.58 3 Beijing JunZeJun Law Offices 13 2.481 1,461 2 - - 2.481 Tian Yuan Law Firm 10 1.47 3 Beijing Haijia Law Firm 14 2.109 1,242 1 - - 2.109 Alpha Law Firm 13 1.85 2 Llinks Law Office 15 1.904 1,122 2 9 5.121 -3.217 Beijing Dacheng Law Offices 13 3.10 2 Alpha Law Firm 16 1.846 1,087 2 - - 1.846 Fujian Zenith Law Firm 17 1.624 957 2 - - 1.624 Beijing JunZeJun Law Offices 13 2.48 2 Fangda Partners 18 1.614 951 2 - - 1.614 Fangda Partners 13 1.61 2 Jia Yuan Law Firm 19 1.583 933 3 - - 1.583 Fujian Zenith Law Firm 13 1.62 2 Tian Yuan Law Firm 20 1.469 865 3 7 5.989 -4.520 GF Law Firm Shanghai 13 1.18 2 TOTAL 100% 58,906 123 100% Llinks Law Office 13 1.90 2 T & C Law Firm 13 1.31 2
Bloomberg League Table Reports Page 53 Bloomberg Global Legal Adviser | Q1 2017
India Equity IPO: Legal Adviser - Issuer Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (INR Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) M V Kini & Co 1 1.97 6 Cyril Amarchand Mangaldas 1 45.347 18,700 1 1 43.850 1.497 Kanga & Co 2 1.99 5 AZB & Partners 2 30.153 12,434 1 4 8.447 21.706 Shah Advocates 3 1.22 3 Khaitan & Co 3 11.847 4,885 1 2 17.994 -6.147 M/S Kanga & Co 4 0.27 2 Shardul Amarchand Mangaldas & 4 5.794 2,390 1 3 16.357 -10.563 Co Mishra And Mishra Advocates 4 0.50 2 Kanga & Co 5 1.989 820 5 6 3.429 -1.440 AZB & Partners 6 30.15 1 M V Kini & Co 6 1.968 811 6 - - 1.968 Cyril Amarchand Mangaldas 6 45.35 1 Shah Advocates 7 1.222 504 3 - - 1.222 Desai & Diwanji 6 0.23 1 Mishra And Mishra Advocates 8 0.502 207 2 11 0.075 0.427 JPS Legal 6 0.10 1 Vedanta Law Chambers 9 0.478 197 1 - - 0.478 M/S Kanga & Co 10 0.268 110 2 - - 0.268 Khaitan & Co 6 11.85 1 Desai & Diwanji 11 0.233 96 1 - - 0.233 SN Corporate Advisory 6 0.10 1 SN Corporate Advisory 12 0.101 41 1 - - 0.101 Shardul Amarchand Mangaldas 6 5.79 1 JPS Legal 13 0.099 41 1 - - 0.099 & Co ------Vedanta Law Chambers 6 0.48 1 ------TOTAL 100% 41,238 26 100%
Bloomberg League Table Reports Page 54 Bloomberg Global Legal Adviser | Q1 2017
India Equity IPO: Legal Adviser - Manager Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Firm Rank Mkt Share(%) Deal Count Firm Rank Mkt Share(%) Volume (INR Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Luthra & Luthra Law Offices 1 35.02 2 Luthra & Luthra Law Offices 1 35.018 11,740 2 5 11.427 23.591 Clifford Chance LLP 2 18.55 1 Herbert Smith Freehills 2 27.891 9,350 1 - - 27.891 Herbert Smith Freehills 2 27.89 1 Clifford Chance LLP 3 18.545 6,217 1 3 16.450 2.095 Nishith Desai Associates 2 18.55 1 Nishith Desai Associates 3 18.545 6,217 1 - - 18.545 ------TOTAL 100% 33,523 3 100%
Bloomberg League Table Reports Page 55 Bloomberg Global Legal Adviser | Q1 2017
APAC ex-Japan Loans: Legal Adviser - Borrower Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Allens 1 3.75 3 Allen & Overy LLP 1 15.059 1,678 1 - - 15.059 Lee & Ko 1 5.97 3 Ashurst LLP 2 11.860 1,321 1 5 6.752 5.108 King & Wood Mallesons 3 3.87 2 Clifford Chance LLP 3 10.753 1,198 1 20 1.045 9.708 Minter Ellison 3 7.23 2 Minter Ellison 4 7.225 805 2 14 1.979 5.246 Norton Rose Fulbright LLP 3 0.70 2 Chapman Tripp 5 6.296 701 1 9 3.256 3.040 Lee & Ko 6 5.967 665 3 43 0.118 5.849 Allen & Overy LLP 6 15.06 1 Shardul Amarchand Mangaldas & 7 5.188 578 1 - - 5.188 Ashurst LLP 6 11.86 1 Co Assegaf Hamzah & Partners 6 1.57 1 King & Wood Mallesons 8 3.867 431 2 1 14.651 -10.784 CH Partners 6 0.80 1 Rajah & Tann 9 3.754 418 1 33 0.344 3.410 Allens 10 3.747 417 3 13 2.039 1.708 Clifford Chance LLP 6 10.75 1 Gilbert + Tobin 11 3.456 385 1 21 0.876 2.580 Gilbert + Tobin 6 3.46 1 Luthra & Luthra Law Offices 12 3.217 358 1 40 0.145 3.072 Hae Woo Law Firm 6 3.09 1 Hae Woo Law Firm 13 3.092 344 1 - - 3.092 Herbert Smith Freehills 6 1.56 1 Paul Weiss Rifkind Wharton & 14 3.048 340 1 - - 3.048 Garrison Kim & Chang 6 2.18 1 WongPartnership LLP 15 2.662 297 1 - - 2.662 Luthra & Luthra Law Offices 6 3.22 1 Kim & Chang 16 2.184 243 1 23 0.765 1.419 Paul Weiss Rifkind Wharton & 6 3.05 1 Assegaf Hamzah & Partners 17 1.571 175 1 42 0.129 1.442 Garrison Herbert Smith Freehills 18 1.558 174 1 3 11.924 -10.366 Rajah & Tann 6 3.75 1 Reed Smith LLP 19 1.387 155 1 - - 1.387 Reed Smith LLP 6 1.39 1 CH Partners 20 0.796 89 1 16 1.356 -0.560 TOTAL 100% 11,140 33 100% Shardul Amarchand Mangaldas & 6 5.19 1 Co WongPartnership LLP 6 2.66 1
Bloomberg League Table Reports Page 56 Bloomberg Global Legal Adviser | Q1 2017
APAC ex-Japan Loans: Legal Adviser - Lender Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Lee & Ko 1 14.24 17 Linklaters LLP 1 15.123 4,342 4 1 16.491 -1.368 Cyril Amarchand Mangaldas 2 7.06 6 Lee & Ko 2 14.235 4,087 17 7 5.222 9.013 Allen & Overy LLP 3 3.29 4 Cyril Amarchand Mangaldas 3 7.065 2,028 6 9 3.688 3.377 Allens 3 3.65 4 Latham & Watkins LLP 4 6.223 1,787 2 - - 6.223 Baker & McKenzie 3 3.10 4 King & Wood Mallesons 5 5.623 1,614 2 4 7.773 -2.150 Clifford Chance LLP 6 4.213 1,210 3 2 13.367 -9.154 Link Legal 3 0.40 4 Buddle Findlay 7 3.909 1,122 2 17 1.045 2.864 Linklaters LLP 3 15.12 4 Allens 8 3.647 1,047 4 3 7.939 -4.292 Luthra & Luthra Law Offices 3 2.99 4 Allen & Overy LLP 9 3.287 944 4 6 6.742 -3.455 Clifford Chance LLP 9 4.21 3 Baker & McKenzie 10 3.105 891 4 8 4.080 -0.975 Luthra & Luthra Law Offices 11 2.987 858 4 25 0.633 2.354 Herbert Smith Freehills 9 1.61 3 WongPartnership LLP 12 2.800 804 2 14 1.373 1.427 Allen & Gledhill 11 1.38 2 Ashurst LLP 13 2.330 669 2 20 0.833 1.497 Ashurst LLP 11 2.33 2 Shardul Amarchand Mangaldas & 14 2.123 609 2 - - 2.123 Bae Kim & Lee 11 0.91 2 Co J Sagar Associates 11 0.74 2 Zhong Lun Law Firm 15 2.086 599 1 - - 2.086 Rajah & Tann 16 2.066 593 2 35 0.368 1.698 King & Wood Mallesons 11 5.62 2 Herbert Smith Freehills 17 1.614 463 3 11 1.959 -0.345 Latham & Watkins LLP 11 6.22 2 SJ Law 18 1.430 411 1 - - 1.430 Norton Rose Fulbright LLP 11 0.61 2 Allen & Gledhill 19 1.381 397 2 36 0.361 1.020 Rajah & Tann 11 2.07 2 Chung FA Law Office 20 1.368 393 1 50 0.109 1.259 TOTAL 100% 28,708 96 100% Shardul Amarchand Mangaldas 11 2.12 2 & Co WongPartnership LLP 11 2.80 2
Bloomberg League Table Reports Page 57 Bloomberg Global Legal Adviser | Q1 2017
Singaporean Borrower Loans: Legal Adviser - Lender Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Mkt Deal Firm Rank Share(%) Count Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) Allen & Gledhill 1 18.91 2 WongPartnership LLP 1 38.323 804 2 1 33.835 4.488 WongPartnership LLP 1 38.32 2 Rajah & Tann 2 19.937 418 1 5 9.069 10.868 Ashurst LLP 3 3.34 1 Allen & Gledhill 3 18.908 397 2 6 8.906 10.002 Freshfields Bruckhaus 3 9.54 1 Freshfields Bruckhaus 4 9.535 200 1 - - 9.535 Deringer Deringer Lee & Ko 3 3.95 1 Linklaters LLP 5 6.007 126 1 - - 6.007 Lee & Ko 6 3.952 83 1 - - 3.952 Linklaters LLP 3 6.01 1 Ashurst LLP 7 3.337 70 1 - - 3.337 Rajah & Tann 3 19.94 1 ------TOTAL 100% 2,097 9 100%
Bloomberg League Table Reports Page 58 Bloomberg Global Legal Adviser | Q1 2017
Singaporean Borrower Loans: Legal Adviser - Borrower Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Firm Rank Mkt Share(%) Deal Count
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Gadens Lawyers 1 8.92 1 Rajah & Tann 1 53.288 418 1 - - 53.288 Rajah & Tann 1 53.29 1 WongPartnership LLP 2 37.792 297 1 - - 37.792 WongPartnership LLP 1 37.79 1 Gadens Lawyers 3 8.920 70 1 - - 8.920 ------TOTAL 100% 784 3 100%
Bloomberg League Table Reports Page 59 Bloomberg Global Legal Adviser | Q1 2017
Korean Borrower Loans: Legal Adviser - Lender Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Firm Rank Mkt Share(%) Deal Count
Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Lee & Ko 1 89.05 12 Lee & Ko 1 89.046 3,914 12 1 73.356 15.690 Bae Kim & Lee 2 5.92 2 Bae Kim & Lee 2 5.916 260 2 4 5.268 0.648 CH Partners 3 2.02 1 CH Partners 3 2.017 89 1 2 10.445 -8.428 Kim & Chang 3 1.58 1 Kim & Chang 4 1.584 70 1 3 8.500 -6.916 Lee Kim & Partners 3 0.34 1 Nexus Law Group 5 0.993 44 1 - - 0.993 Lee Kim & Partners 6 0.336 15 1 6 0.599 -0.263 Minju Law Group 3 0.11 1 Minju Law Group 7 0.108 5 1 - - 0.108 Nexus Law Group 3 0.99 1 ------TOTAL 100% 4,394 19 100%
Bloomberg League Table Reports Page 60 Bloomberg Global Legal Adviser | Q1 2017
Korean Borrower Loans: Legal Adviser - Borrower Ranked by Volume Ranked by Deal Count Q1 2017 Q1 2016 Firm Rank Mkt Share(%) Deal Count Firm Rank Mkt Share(%) Volume (USD Mln) Deal Count Prev Rank Prev Mkt Share(%) Mkt Share Chg(%) Lee & Ko 1 47.34 3 Lee & Ko 1 47.338 665 3 4 2.298 45.040 CH Partners 2 6.31 1 Hae Woo Law Firm 2 24.528 344 1 - - 24.528 Hae Woo Law Firm 2 24.53 1 Kim & Chang 3 17.324 243 1 3 14.912 2.412 Kim & Chang 2 17.32 1 CH Partners 4 6.314 89 1 2 26.427 -20.113 Lee Kim & Partners 2 1.05 1 Nexus Law Group 5 3.107 44 1 - - 3.107 Lee Kim & Partners 6 1.052 15 1 6 1.516 -0.464 Minju Law Group 2 0.34 1 Minju Law Group 7 0.338 5 1 - - 0.338 Nexus Law Group 2 3.11 1 ------TOTAL 100% 1,404 9 100%
Bloomberg League Table Reports Page 61 Bloomberg – League Tables Criteria
General Guidelines
Credit is based on the total amount of the offering sold to the public. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers; unless full, explicit breakdown of bookrunning is provided by an involved party. Regional and local tables are identified based on factors such as currency, market of issuer and/or country of risk/incorporation.
Fixed Income
All transactions must have a maturity/call/put option of minimum 18 months. Make-whole call and provisional call/put are exempted from this rule. Note: Criteria may vary for some local and/or regional tables. USD denominated 144A/REG S issues are credited 100% to the 144A tranche and 0% to the REG S tranche. Non-USD denominated 144A/REG S issues are credited 100% to the REG S tranche and 0% to the 144A tranche. Self- led transactions are included. New money portions of exchange offers are 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, self-led under USD 50 million. Note: Criteria may vary for some local and/or regional tables.
Equities-Linked
Equity-linked transactions: Convertible bonds, convertible preferred stock and exchangeable bonds. Only issues that mature and are callable/ puttable in 12 months or longer are included. Make-whole call, provisional call and provisional put are exempted from this rule. Convertible bonds with attached warrants are included. These are defined as synthetic convertibles with the combination of a fixed income instrument and warrants which can be converted into shares. The embedded warrant can be detachable or non-detachable but the bond and the warrant must be sold as a unit, i.e. there cannot be separate book building for the warrant and the bond.
Exclusions: Redemption-linked instruments, reverse convertibles or similar instruments, synthetics convertibles, issues convertible into participation in an underlying fund or investment trust, pre-IPO convertible instruments, certain lower hierarchy titles, i.e. Jr Bookrunner.
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, self-led, preferred offerings, pre-negotiated offerings, certain lower hierarchy titles, i.e. Jr Bookrunner. Note: Criteria may vary for some local and/or regional tables.
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. Bloomberg – League Tables Criteria
Loans
Includes executed syndicated loans transactions. Full credit is awarded to the banks satisfying the highest of the titles. Full credit is awarded to the sole bookrunning manager or split equally among joint bookrunning managers. Credit is allocated to amended or amended and restated transactions, where each modification is 100% at the lender’s option and not as a result of events already built into the original credit agreement. Credit is awarded for the following structural changes only: maturity extensions of three months or more, incremental basis for increased in deal size, reduction in pricing, full release of security.
Exclusions: Bilateral transactions, transactions with a maturity of less than three months, loans withdrawn prior to signing, amended or restated securitizations, receivable and guarantee facilities.
US Municipals
Standard published tables will award deal credit based on true economic credit as reported by the issuer or the bookrunner. In absence of reported economic credit, 100% will be assigned to the bookrunner.
Dollar value of credit will be assigned based on the percentage allocation reported for economic credit (or designated by the user in a custom table) and applied against the total par value of the bonds issued. Zero coupon bonds (CABS) or intermediate appreciation bonds (convertible CABs) will be included at the market value (accreted value) on the interest accrual date.
All debt issued by municipal issuers will be eligible for league credit. Taxable and tax-exempt debt is eligible for league credit unless a table includes specific tax type criteria. “Tax-exempt” is defined as federally tax-exempt and includes bonds subject to AMT and bonds designated as Bank Qualified.
Each table is provided in three formats. “Economic Credit” displays rankings based on true economic credit allocations of applicable deals. “Left Lead” assigns 100% credit to the bookrunner and 0% to all other syndicate participants. “Deal Count” displays rankings based on deal quantity rather than aggregate economic credit amounts. A “deal” refers to the aggregate series within an issuance led by a particular underwriter or syndicate. For example: a $50 million issuance is split into three series- a $10 million Series A, a $20 million Series B, and a $20 million Series C. Bank 1 is the underwriter of Series A & B, while Bank 2 is the underwriter of Series C. Bank 1 would have one “deal” worth $30 million, and Bank 2 would have one “deal” worth $20 million.
Exclusions: Derivatives, private placements, variable rate preferred securities, municipal commercial paper, and remarketings are excluded from municipal league table eligibility.
The full version of Bloomberg’s League table Standards & Guidelines can be accessed and subscribed to on the Reports tab on LEAG
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.