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2012 League Tables – 2012 League Tables – 2012 League Tables

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Table of Contents

Global Legal Adviser

U.S. Legal Adviser

Canada Legal Adviser

EMEA Legal Adviser

Asia Legal Adviser

Bloomberg 2012

01/02/2012

Email Fax Phone Contact

+1-609-279-5187 [email protected] +1-646-268-5455 Paul Bandong Americas [email protected] +44-20-7392-6161 +44-20-3525-8902 Dustin JoosteEMEA [email protected] +852 -2977-2175+852-2977-2125 Asia-Pac Vivian Lee

Global Equity, Equity Linked & Rights Review Bloomberg

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© 2013 Bloomberg Finance L.P. All rights reserved.

Global Equity, Equity Linked & Rights Quarterly Volume

Notable Highlights

EMEA Equity, Equity Linked & Rights Quarterly Volume

US Equity & Equity Linked Quarterly Volume

APAC Equity, Equity Linked & Rights Quarterly Volume

* All 2012 YTD numbers as of September 28th, 2012

Globally, volume increased and issuance decreased compared with last year by 4.65% and 12.46%, respectively, to $592.07 bln and 3,126 offerings.

US is the only region to report an increase in volume this year to $242.47 bln compared with $183.27 bln raised last year, and an increase in issuance by 119 offerings to 796 deals. In terms of fourth quarter activity, US is the only region which saw a fall in volume in the last quarter of the year.

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Global Fixed Income Review Bloomberg

LEAG <GO> LREP <GO> LMX <GO> LALT <GO> LEAG <GO> LREP <GO> © 2013 Bloomberg Finance L.P. All rights reserved.

Global Bond Quarterly Volume

Notable Highlights

EMEA Corporate Quarterly Volume

US Corporate Bond Quarterly Volume

APAC Corporate Bond Quarterly Volume

* All YTD numbers as of 01/02/2013

Corporate bond issuance volume increased 36% during the fourth quarter of 2012 compared to the fourth quarter of 2011, with all regions experiencing individual increases. US Corporate bonds led the way with a 70% increase in issuance year over year for the fourth quarter. Asia-Pac and EMEA regions saw 15% and 9% increases respectively. The total number of deals closed decreased 5.8% for the same time period. US Corporate bond deals decreased 22%, a stark contrast to the increase seen in issuance volume. Global Bond and Asia-Pac deals closed increased 22% and 12% respectively.

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Global Syndicated Loan Markets Review Bloomberg

LMX <GO> LEAG <GO> UNDW<GO> NI LEAG CRL<GO> ©2013 Bloomberg Finance L.P. All rights reserved.

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Bloomberg

4©2013Bloomberg Finance L.P. All rights reserved.

Global Eqty/Eql/Rights Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Sullivan & Cromwell 14 1 12.3 2.8 9.5 6 49,555

Fenwick & West LLP 11 2 4.5 - 4.5 243 18,105

Skadden Arps Slate Meagher & Flom 48 3 4.4 3.5 0.9 3 17,895

Linklaters LLP 12 4 3.3 1.7 1.6 10 13,118

Clifford Chance LLP 28 5 3.0 1.8 1.2 9 11,894

Latham & Watkins LLP 49 6 2.9 3.2 (0.3) 4 11,540

Vinson & Elkins LLP 43 7 2.5 2.3 0.2 7 9,998

Davis Polk & Wardwell 16 8 2.3 2.9 (0.6) 5 9,082

Simpson Thacher & Bartlett 27 9 2.2 6.5 (4.3) 1 8,927

Gibson Dunn & Crutcher 15 10 2.2 0.4 1.8 54 8,837

Bracewell & Giuliani 8 11 2.1 0.6 1.5 41 8,418

Cleary Gottlieb Steen & Hamilton 13 12 2.1 1.3 0.8 16 8,284

Freshfields Bruckhaus Deringer 9 13 1.4 3.5 (2.1) 2 5,540

Osler Hoskin & Harcourt LLP 19 14 1.3 0.4 0.9 58 5,403

Venable LLP 52 15 1.3 0.9 0.4 26 5,387

King & Wood Mallesons 31 16 1.2 1.4 (0.2) 13 4,997

Cooley LLP 41 17 1.2 0.5 0.7 48 4,695

Wilson Sonsini Goodrich & Rosati 25 18 1.1 1.3 (0.2) 17 4,417

Baker Botts LLP 9 19 1.1 0.3 0.8 75 4,250

Nagashima Ohno & Tsunematsu 1 20 1.1 - - - 4,236

TOTAL 100% 100% 1,781 402,505 429,927

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM

Ranked by Deal Count

Venable LLP 52 15 1.3

Latham & Watkins LLP 49 6 2.9

Skadden Arps Slate Meagher & Flom 48 3 4.4

Vinson & Elkins LLP 43 7 2.5

Cooley LLP 41 17 1.2

King & Wood Mallesons 31 16 1.2

Conyers Dill & Pearman 31 102 0.2

Clifford Chance LLP 28 5 3.0

Simpson Thacher & Bartlett 27 9 2.2

Burnet Duckworth & Palmer 27 44 0.5

Baker & McKenzie 26 36 0.6

Stikeman Elliott 26 37 0.6

Wilson Sonsini Goodrich & Rosati 25 18 1.1

Goodwin Procter LLP 23 21 1.0

Norton Rose LLP 23 26 0.7

Cassels Brock & Blackwell LLP 22 54 0.4

Hunton & Williams 21 29 0.7

Appleby 21 117 0.1

Osler Hoskin & Harcourt LLP 19 14 1.3

Grandall Legal Group 19 38 0.6

TOTAL 100% 1,781

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Bloomberg


Global Eqty/Eql/Rights Manager Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume


Simpson Thacher & Bartlett 36 2 7.7 3.6 4.1 6 29,722


Latham & Watkins LLP 89 4 5.6 3.4 2.2 7 21,559

Shearman & Sterling LLP 22 5 5.1 2.0 3.1 14 19,698

Linklaters LLP 26 6 4.2 7.3 (3.1) 2 16,274

Fried Frank Harris Shriver & Jacobson 39 7 3.5 3.1 0.4 8 13,399

Andrews Kurth LLP 22 8 3.3 2.1 1.2 13 12,776

Sidley Austin LLP 37 9 2.8 2.4 0.4 11 10,826


Skadden Arps Slate Meagher & Flom 50 11 2.5 2.7 (0.2) 9 9,847

Freshfields Bruckhaus Deringer 17 12 1.9 1.4 0.5 20 7,542

Torys 47 13 1.9 0.9 1.0 28 7,453

Clifford Chance LLP 40 14 1.8 6.0 (4.2) 3 7,160

Cahill Gordon & Reindel 26 15 1.8 2.4 (0.6) 10 7,147

Baker Botts LLP 28 16 1.8 2.4 (0.6) 12 7,016

Morrison & Foerster LLP 6 17 1.5 0.6 0.9 37 5,798

Hunton & Williams 21 18 1.4 1.5 (0.1) 19 5,374

Cravath Swaine & Moore 27 19 1.3 3.8 (2.5) 5 5,215

Allen & Overy LLP 26 20 1.3 1.8 (0.5) 16 5,184

TOTAL 100% 100% 1,477 387,418 371,915

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM


Davis Polk & Wardwell 95 3 6.2



Torys 47 13 1.9

Miller Thomson LLP 45 125 0.0


Fried Frank Harris Shriver & Jacobson 39 7 3.5


Sidley Austin LLP 37 9 2.8



Cleary Gottlieb Steen & Hamilton 32 1 15.4

Blake Cassels & Graydon LLP 31 30 0.7

Baker Botts LLP 28 16 1.8

Cravath Swaine & Moore 27 19 1.3

Linklaters LLP 26 6 4.2

Sullivan & Cromwell 26 10 2.6

Cahill Gordon & Reindel 26 15 1.8

Allen & Overy LLP 26 20 1.3

Shearman & Sterling LLP 22 5 5.1

TOTAL 100% 1,477


Bloomberg


Global Equity IPO Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Fenwick & West LLP 6 1 17.1 0.1 17.0 180 17,320

Sullivan & Cromwell 2 2 4.2 - - - 4,286

Nagashima Ohno & Tsunematsu 1 3 4.2 - - - 4,236

King & Wood Mallesons 24 4 4.1 3.0 1.1 6 4,103





Baker Botts LLP 3 9 1.7 0.1 1.6 147 1,765





Slaughter and May 1 14 1.4 0.4 1.0 57 1,453

Grandall Legal Group 16 15 1.4 3.2 (1.8) 5 1,400

Wilson Sonsini Goodrich & Rosati 10 16 1.3 1.1 0.2 24 1,281

Jia Yuan Law Firm 8 17 1.3 1.4 (0.1) 18 1,265

Albar & Partners 1 18 1.1 0.1 1.0 155 1,098

Azmi & Associates 1 18 1.1 - - - 1,098

Beijing Zhonglun Law Firm 12 20 1.1 1.1 - 23 1,097

TOTAL 100% 100% 621 101,131 156,539

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM





Jingtian Gongcheng Law Firm 15 24 1.0


Beijing Zhonglun Law Firm 12 20 1.1

Appleby 12 91 0.2

Steinepreis Paganin 12 180 0.0


Commerce & Finance Law Offices 11 41 0.5

Clark Wilson LLP 11 157 0.1



Maples & Calder 10 64 0.3

Beijing Deheng Law 9 29 0.7

Dacheng Law Office 9 40 0.6

Jia Yuan Law Firm 8 17 1.3

Grandfield Law Offices 8 25 0.9


Beijing Grandway Law Offices 7 28 0.8

TOTAL 100% 621


Bloomberg


Global Equity IPO Manager Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume



Linklaters LLP 7 3 5.2 10.2 (5.0) 1 4,575

Anderson Mori & Tomotsune 1 4 4.8 - - - 4,236

Davis Polk & Wardwell 19 5 4.7 4.7 - 5 4,165




Baker Botts LLP 7 9 2.0 1.7 0.3 16 1,794


Adnan Sundra & Low 1 11 1.9 - - - 1,647


Allen & Overy LLP 7 13 1.7 5.5 (3.8) 4 1,542

Shearman & Sterling LLP 5 14 1.6 1.8 (0.2) 14 1,423

Jun He Law Offices 3 15 1.4 2.9 (1.5) 8 1,269

Andrews Kurth LLP 3 16 1.4 4.0 (2.6) 7 1,257





TOTAL 100% 100% 394 88,235 109,856

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM





McCullough O'Connor Irwin 15 131 0.0



Anfield Sujir Kennedy & Durno 10 144 0.0

Cooley LLP 8 24 0.9







Paul Hastings LLP 7 31 0.7


Shin & Kim 7 66 0.2

Getz Prince Wells 7 149 0.0

Davis LLP 7 155 0.0


TOTAL 100% 394


Bloomberg


Global Bonds Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Sullivan & Cromwell 63 1 11.7 17.7 (6.0) 1 73,842

Davis Polk & Wardwell 71 2 7.4 4.3 3.1 8 46,985


Cleary Gottlieb Steen & Hamilton 44 4 4.9 5.5 (0.6) 3 30,775


White & Case LLP 16 6 4.0 5.1 (1.1) 4 25,489

Gibson Dunn & Crutcher 26 7 3.7 4.5 (0.8) 7 23,449


Borden Ladner Gervais LLP 13 9 3.2 3.9 (0.7) 9 20,239


Wachtell Lipton Rosen & Katz 14 11 2.4 0.2 2.2 56 15,100


Arnold & Porter 12 13 1.8 1.9 (0.1) 12 11,325

Jones Day 21 14 1.8 1.7 0.1 13 11,315

Kirkland & Ellis 14 15 1.6 0.4 1.2 38 10,150

Linklaters LLP 14 16 1.5 1.5 - 15 9,167

Fried Frank Harris Shriver & Jacobson 13 17 1.4 - - - 9,000

Hogan Lovells 13 17 1.4 0.8 0.6 24 9,000


Milbank Tweed Hadley & McCloy LLP 6 20 1.2 0.4 0.8 38 7,525

TOTAL 100% 100% 697 631,479 463,970

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM








Gibson Dunn & Crutcher 26 7 3.7

Jones Day 21 14 1.8


White & Case LLP 16 6 4.0



Wachtell Lipton Rosen & Katz 14 11 2.4

Kirkland & Ellis 14 15 1.6


Borden Ladner Gervais LLP 13 9 3.2


Hogan Lovells 13 17 1.4

Arnold & Porter 12 13 1.8


TOTAL 100% 697


Bloomberg


Global Bonds Manager Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume







Davies Ward Phillips & Vineberg LLP 12 7 5.8 7.0 (1.2) 6 39,978


Cahill Gordon & Reindel 32 9 4.0 2.7 1.3 11 27,480

O'Melveny & Myers LLP 18 10 2.5 0.2 2.3 35 17,200

Hengeler Mueller 9 11 1.9 4.4 (2.5) 8 12,750

Allen & Overy LLP 10 12 1.7 2.8 (1.1) 10 12,000

Linklaters LLP 30 13 1.7 1.6 0.1 14 11,981



Morrison & Foerster LLP 8 16 1.3 1.3 - 15 9,000

Mayer Brown LLP 18 17 1.3 2.0 (0.7) 13 8,825

Weil Gotshal & Manges LLP 11 18 1.2 0.4 0.8 28 8,150

Baker Botts LLP 13 19 0.9 0.2 0.7 34 6,500


TOTAL 100% 100% 771 687,280 502,175

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM











O'Melveny & Myers LLP 18 10 2.5

Mayer Brown LLP 18 17 1.3



Davies Ward Phillips & Vineberg LLP 12 7 5.8

Weil Gotshal & Manges LLP 11 18 1.2




Hengeler Mueller 9 11 1.9

Pillsbury Winthrop Shaw Pittman LLP 9 26 0.6

TOTAL 100% 771


Bloomberg


U.S. Equity Offerings Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume


Fenwick & West LLP 11 2 8.2 0.1 8.1 94 18,105


Vinson & Elkins LLP 39 4 4.3 5.9 (1.6) 2 9,409





Venable LLP 49 9 2.3 2.1 0.2 11 5,087

Baker Botts LLP 9 10 1.9 0.9 1.0 30 4,250

Goodwin Procter LLP 20 11 1.8 1.1 0.7 26 3,995

Shumaker Loop & Kendrick LLP 4 12 1.6 1.3 0.3 22 3,630

Cooley LLP 36 13 1.5 1.4 0.1 18 3,387


Ropes & Gray 13 15 1.4 1.3 0.1 19 3,063



Hunton & Williams 20 18 1.2 0.6 0.6 43 2,651

Baker Donelson Bearman & Caldwell 4 19 1.2 0.7 0.5 36 2,650

Faegre Baker Daniels LLP 6 20 1.1 - - - 2,459

TOTAL 100% 100% 723 220,697 162,058

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM










Sutherland Asbill & Brennan LLP 19 35 0.7


Wilmer Cutler Pickering Hale & Dorr LLP 15 25 0.9


Ropes & Gray 13 15 1.4



Foley & Lardner LLP 12 38 0.6

Fenwick & West LLP 11 2 8.2


Proskauer Rose LLP 10 21 1.0

DLA Piper LLP 10 23 0.9

TOTAL 100% 723


Bloomberg


U.S. Equity Offerings Manager Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume







Fried Frank Harris Shriver & Jacobson 27 7 4.1 6.4 (2.3) 4 9,041


Baker Botts LLP 27 9 3.1 5.4 (2.3) 6 6,866


Morrison & Foerster LLP 3 11 2.5 1.3 1.2 18 5,471

Hunton & Williams 21 12 2.4 3.5 (1.1) 13 5,374





Calfee Halter & Griswold LLP 3 17 1.6 1.3 0.3 19 3,593

O'Melveny & Myers LLP 4 18 1.2 - 1.2 76 2,600

Goodwin Procter LLP 36 19 1.1 1.0 0.1 22 2,468


TOTAL 100% 100% 713 223,197 160,514

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM










Andrews Kurth LLP 22 5 5.7












TOTAL 100% 713


Bloomberg


U.S. Equity Offerings Issuer Advisers (IPO)

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Fenwick & West LLP 6 1 41.0 0.3 40.7 52 17,320




Baker Botts LLP 3 5 4.2 0.5 3.7 40 1,765



Venable LLP 7 8 2.5 1.6 0.9 21 1,051

Richards Layton & Finger 4 9 2.0 3.3 (1.3) 10 850

Wachtell Lipton Rosen & Katz 3 10 1.9 1.6 0.3 22 817

Wilmer Cutler Pickering Hale & Dorr LLP 5 11 1.7 0.4 1.3 45 738

Kirkland & Ellis 5 12 1.5 0.3 1.2 51 625

Stroock & Stroock & Lavan LLP 1 13 1.5 - - - 613

Weil Gotshal & Manges LLP 1 14 1.4 4.7 (3.3) 5 575

Cooley LLP 5 15 1.2 3.7 (2.5) 9 515

O'Melveny & Myers LLP 1 16 1.2 2.1 (0.9) 17 490

Fried Frank Harris Shriver & Jacobson 1 17 1.1 0.8 0.3 30 477

Goodwin Procter LLP 4 18 1.1 0.5 0.6 41 448

Orrick Herrington & Sutcliffe LLP 2 19 0.8 - - - 333

Pillsbury Winthrop Shaw Pittman LLP 4 20 0.8 - - - 320

TOTAL 100% 100% 137 42,237 35,395

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM





Venable LLP 7 8 2.5

Fenwick & West LLP 6 1 41.0




Cooley LLP 5 15 1.2

Richards Layton & Finger 4 9 2.0






Orrick Herrington & Sutcliffe LLP 2 19 0.8

Dechert 2 23 0.6

Greenberg Traurig LLP 2 29 0.4



TOTAL 100% 137


Bloomberg


U.S. Equity Offerings Manager Advisers (IPO)

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume





Baker Botts LLP 7 5 4.3 5.2 (0.9) 5 1,794






Gunderson Dettmer Stough Villeneuve 2 11 2.1 - - - 863

Cooley LLP 8 12 2.0 1.4 0.6 19 838

Cleary Gottlieb Steen & Hamilton 2 13 2.0 1.0 1.0 21 821

Wilson Sonsini Goodrich & Rosati 6 14 1.8 2.5 (0.7) 14 767

Sullivan & Cromwell 3 15 1.7 1.2 0.5 20 711

Goodwin Procter LLP 7 16 1.3 0.6 0.7 26 542

Ropes & Gray 3 17 1.0 3.6 (2.6) 8 397

Hogan Lovells 2 18 0.8 2.6 (1.8) 13 351

Hunton & Williams 2 19 0.6 0.5 0.1 31 256

White & Case LLP 3 20 0.5 0.4 0.1 33 220

TOTAL 100% 100% 134 41,701 35,308

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM





Cooley LLP 8 12 2.0













Gunderson Dettmer Stough Villeneuve 2 11 2.1




TOTAL 100% 134


Bloomberg


U.S. Equity Linked Issuer Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Hogan Lovells 3 1 10.8 - - - 2,020

Wilson Sonsini Goodrich & Rosati 4 2 8.7 6.5 2.2 5 1,632


Cooley LLP 5 4 7.0 - - - 1,308

Wachtell Lipton Rosen & Katz 1 5 5.9 - - - 1,100


Latham & Watkins LLP 4 7 5.0 3.2 1.8 10 935

K&L Gates LLP 2 8 4.4 1.6 2.8 15 825

Simpson Thacher & Bartlett 4 9 4.0 6.5 (2.5) 5 753

Skadden Arps Slate Meagher & Flom 4 10 4.0 16.8 (12.8) 1 752

Wyrick Robbins Yates & Ponton LLP 1 11 3.7 - - - 690

Ropes & Gray 2 12 2.8 - - - 520

Kane Kessler PC 1 13 2.7 - - - 500

Proskauer Rose LLP 3 14 2.3 1.8 0.5 14 433

Jones Day 1 15 2.2 8.6 (6.4) 3 414

Pepper Hamilton LLP 2 16 2.0 - - - 380

O'Melveny & Myers LLP 3 17 2.0 - - - 375

Gibson Dunn & Crutcher 2 18 1.9 1.2 0.7 19 363

Vinson & Elkins LLP 2 19 1.9 0.3 1.6 35 358

DLA Piper LLP 2 20 1.9 4.0 (2.1) 8 350

TOTAL 100% 100% 67 18,725 22,529

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM


Cooley LLP 5 4 7.0









Goodmans LLP 3 22 1.2


K&L Gates LLP 2 8 4.4


Pepper Hamilton LLP 2 16 2.0







TOTAL 100% 67


Bloomberg


U.S. Equity Linked Manager Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume




O'Melveny & Myers LLP 1 4 8.0 - - - 1,500


Shearman & Sterling LLP 1 6 7.3 - - - 1,380



Cahill Gordon & Reindel 5 9 3.2 0.7 2.5 15 606

Cravath Swaine & Moore 2 10 2.6 8.0 (5.4) 5 483

Vinson & Elkins LLP 2 11 1.9 - - - 357

Morgan Lewis & Bockius 1 12 1.9 - - - 350

Morrison & Foerster LLP 2 13 1.6 - - - 300

Troutman Sanders LLP 1 14 1.1 - - - 200

Baker Botts LLP 1 15 0.8 0.6 0.2 18 150

Blake Cassels & Graydon LLP 2 16 0.6 - - - 115

Paul Weiss Rifkind Wharton & Garrison 2 16 0.6 - - - 115

Osler Hoskin & Harcourt LLP 1 18 0.6 0.2 0.4 22 110

Sidley Austin LLP 1 19 0.4 3.4 (3.0) 9 70


TOTAL 100% 100% 65 18,827 21,294

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM











Morrison & Foerster LLP 2 13 1.6


Paul Weiss Rifkind Wharton & Garrison 2 16 0.6



Morgan Lewis & Bockius 1 12 1.9

Troutman Sanders LLP 1 14 1.1





TOTAL 100% 65


Bloomberg


U.S. Corporates Issuer Advisers

1/1/12 - 12/31/12

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COUNT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume









Kirkland & Ellis 54 9 2.4 2.3 0.1 8 29,350


Hogan Lovells 45 11 2.2 1.5 0.7 15 27,838


Debevoise & Plimpton LLP 47 13 2.0 1.3 0.7 18 25,348


Linklaters LLP 118 15 1.8 1.4 0.4 17 22,753

Allen & Overy LLP 41 16 1.8 2.0 (0.2) 10 22,497

Paul Weiss Rifkind Wharton & Garrison 53 17 1.7 0.9 0.8 26 21,677

Cravath Swaine & Moore 43 18 1.7 1.5 0.2 14 21,479



TOTAL 100% 100% 2,668 1,239,360 929,129

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

Supranationals. Volume in USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM
















Debevoise & Plimpton LLP 47 13 2.0

Jones Day 46 21 1.5





TOTAL 100% 2,668


Bloomberg


U.S. Corporates Manager Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume





Sidley Austin LLP 239 5 6.8 7.6 (0.8) 5 89,063





Linklaters LLP 54 10 3.6 3.0 0.6 10 47,035

Allen & Overy LLP 67 11 2.8 2.4 0.4 11 36,783




Milbank Tweed Hadley & McCloy LLP 43 15 1.1 1.5 (0.4) 16 14,857

Baker Botts LLP 35 16 1.1 1.0 0.1 19 14,604

Hunton & Williams 44 17 1.1 0.1 1.0 48 13,847


Mayer Brown LLP 32 19 1.0 2.3 (1.3) 12 12,773


TOTAL 100% 100% 2,477 1,312,350 1,000,130

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


1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM
















Milbank Tweed Hadley & McCloy LLP 43 15 1.1






TOTAL 100% 2,477


Bloomberg


U.S. Investment Grade Issuer Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume





Gibson Dunn & Crutcher 37 5 3.4 3.4 - 7 30,460





Hogan Lovells 33 10 2.6 1.4 1.2 17 22,765


Linklaters LLP 114 12 2.4 1.6 0.8 16 21,276

Allen & Overy LLP 27 13 2.0 2.3 (0.3) 9 17,695



Mayer Brown LLP 25 16 1.8 0.8 1.0 25 16,249




Jones Day 27 20 1.3 1.6 (0.3) 13 11,382

TOTAL 100% 100% 1,852 886,818 687,367

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


1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM


















Jones Day 27 20 1.3




TOTAL 100% 1,852


Bloomberg


U.S. Investment Grade Manager Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

MKT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume








Linklaters LLP 41 8 4.3 3.2 1.1 8 42,050

Allen & Overy LLP 57 9 3.4 2.7 0.7 10 32,926






Hunton & Williams 38 15 1.4 0.2 1.2 45 13,375



Mayer Brown LLP 29 18 1.3 2.9 (1.6) 9 12,223

Morrison & Foerster LLP 16 19 1.2 2.0 (0.8) 13 11,698

Pillsbury Winthrop Shaw Pittman LLP 32 20 1.1 0.8 0.3 19 10,257

TOTAL 100% 100% 1,715 968,824 767,394

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


1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM






















TOTAL 100% 1,715


Bloomberg


U.S. High Yield Issuer Advisers

1/1/12 - 12/31/12

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COUNT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume


Kirkland & Ellis 39 2 7.1 8.2 (1.1) 2 23,052










Jones Day 16 12 2.2 1.9 0.3 12 7,065





Baker Botts LLP 13 17 1.5 0.5 1.0 41 5,060


Allen & Overy LLP 11 19 1.3 1.2 0.1 17 4,175

Ropes & Gray 12 20 1.2 2.0 (0.8) 10 4,022

TOTAL 100% 100% 652 326,478 235,193

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

USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM














Jones Day 16 12 2.2








TOTAL 100% 652


Bloomberg


U.S. High Yield Manager Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

MKT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume








Baker Botts LLP 16 8 1.9 2.0 (0.1) 8 6,050





White & Case LLP 7 13 0.9 1.0 (0.1) 13 2,832

Milbank Tweed Hadley & McCloy LLP 10 14 0.8 0.8 - 14 2,697

Linklaters LLP 8 15 0.8 1.7 (0.9) 9 2,410

Blake Cassels & Graydon LLP 7 16 0.7 0.3 0.4 27 2,375


Weil Gotshal & Manges LLP 5 18 0.5 0.5 - 16 1,665


Paul Hastings LLP 5 20 0.5 0.2 0.3 33 1,543

TOTAL 100% 100% 636 318,432 222,967

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

USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM




















Machado Meyer Sendacz e Opice 5 23 0.4

Freshfields Bruckhaus Deringer 4 17 0.7

TOTAL 100% 636


Bloomberg


U.S. Preferred Issuer Advisers

1/1/12 - 12/31/12

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VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Squire Sanders & Dempsey LLP 10 1 13.3 - - - 5,115

Richards Layton & Finger 6 2 7.0 11.3 (4.3) 2 2,685


Hogan Lovells 13 4 5.9 9.4 (3.5) 4 2,283

Reed Smith LLP 2 5 5.1 - - - 1,950




Cleary Gottlieb Steen & Hamilton 3 9 3.7 - - - 1,437

K&L Gates LLP 3 10 2.6 - - - 1,010

Gibson Dunn & Crutcher 2 11 2.6 - - - 985

Sidley Austin LLP 4 12 2.5 6.4 (3.9) 6 945

Venable LLP 14 13 2.4 5.0 (2.6) 8 933

Jones Walker Waechter Poitevent Carrere 2 14 2.3 9.8 (7.5) 3 900

Morgan Lewis & Bockius 6 15 2.3 0.6 1.7 23 874

Bryan Cave LLP 3 16 1.9 - - - 725

Hunton & Williams 7 17 1.6 5.8 (4.2) 7 600

McCarthy Tetrault 2 17 1.6 - - - 600

Arnold & Porter 2 19 1.5 - - - 569

Allen & Overy LLP 1 20 1.4 - - - 525

TOTAL 100% 100% 156 38,474 11,795

Includes all eligible non-convertible preferred offerings denominated in USD. Volume in USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM





Squire Sanders & Dempsey LLP 10 1 13.3




Richards Layton & Finger 6 2 7.0








Bryan Cave LLP 3 16 1.9

Morrison & Foerster LLP 3 21 1.4

Foley & Lardner LLP 3 28 0.9


Stroock & Stroock & Lavan LLP 3 60 0.2

TOTAL 100% 156


Bloomberg


U.S. Preferred Manager Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

MKT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume









Pillsbury Winthrop Shaw Pittman LLP 6 9 4.4 11.0 (6.6) 2 1,750

Hunton & Williams 9 10 4.4 0.7 3.7 17 1,722

Fried Frank Harris Shriver & Jacobson 9 11 4.0 - - - 1,589

Gibson Dunn & Crutcher 2 12 3.6 - - - 1,400

Shearman & Sterling LLP 1 13 2.8 - - - 1,100

Morrison & Foerster LLP 1 14 2.2 - - - 875

Latham & Watkins LLP 3 15 2.1 - - - 823

Clifford Chance LLP 5 16 1.7 1.0 0.7 15 665

Fraser Milner Casgrain LLP 2 17 1.5 - - - 600

Covington & Burling 1 18 0.9 - - - 350

Winston & Strawn 1 18 0.9 - - - 350

Willkie Farr & Gallagher 1 20 0.8 3.2 (2.4) 10 325

TOTAL 100% 100% 155 39,332 11,855

Includes all eligible non-convertible preferred offerings denominated in USD. Volume in USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM


















Fraser Milner Casgrain LLP 2 17 1.5



Jones Day 2 34 0.2

TOTAL 100% 155


Bloomberg


Canadian Equity Offerings Issuer Advisers

1/1/12 - 12/31/12

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume


Norton Rose LLP 21 2 9.6 0.7 8.9 27 2,638

Stikeman Elliott 21 3 8.0 4.8 3.2 8 2,191

Bennett Jones LLP 14 4 7.5 7.2 0.3 2 2,063

Burnet Duckworth & Palmer 25 5 7.1 10.6 (3.5) 1 1,946

McCarthy Tetrault 13 6 5.0 1.7 3.3 20 1,386

Davies Ward Phillips & Vineberg LLP 7 7 5.0 3.1 1.9 12 1,383

Cassels Brock & Blackwell LLP 19 8 3.9 4.8 (0.9) 9 1,081

Goodmans LLP 10 9 3.6 1.8 1.8 19 991

Blake Cassels & Graydon LLP 16 10 3.4 6.7 (3.3) 4 941

McMillan LLP 12 11 2.5 3.1 (0.6) 11 680

Torys 3 12 2.3 3.7 (1.4) 10 634

Paul Weiss Rifkind Wharton & Garrison 5 13 2.2 2.0 0.2 17 601

Fraser Milner Casgrain LLP 12 14 1.7 5.2 (3.5) 7 469

Aikins MacAulay & Thorvaldson LLP 6 15 1.7 0.5 1.2 29 456

Davis LLP 7 16 1.5 1.0 0.5 25 406

Burstall Winger LLP 8 17 1.4 1.4 - 21 375

Dorsey & Whitney 6 18 1.3 1.8 (0.5) 18 352

AIRD & Berlis LLP 4 19 1.2 1.1 0.1 24 341

Fasken Martineau DuMoulin LLP 12 20 1.2 2.0 (0.8) 16 331

TOTAL 100% 100% 367 27,447 22,622

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM









Bennett Jones LLP 14 4 7.5

McCarthy Tetrault 13 6 5.0

McMillan LLP 12 11 2.5


Fasken Martineau DuMoulin LLP 12 20 1.2


Gowling Lafleur Henderson 10 24 0.8


Burstall Winger LLP 8 17 1.4


Davis LLP 7 16 1.5

Heenan Blaikie 7 31 0.4

Dumoulin Black LLP 7 39 0.2

TOTAL 100% 367


Bloomberg


Canadian Equity Offerings Manager Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

MKT

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RANK

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Torys 36 1 24.1 11.8 12.3 1 6,658


Burnet Duckworth & Palmer 11 3 10.5 9.6 0.9 3 2,893

Blake Cassels & Graydon LLP 34 4 9.6 10.4 (0.8) 2 2,654

Norton Rose LLP 12 5 7.8 0.3 7.5 26 2,143

Fraser Milner Casgrain LLP 17 6 4.2 2.9 1.3 14 1,159

Goodmans LLP 12 7 3.8 5.2 (1.4) 7 1,036

Osler Hoskin & Harcourt LLP 9 8 2.9 4.6 (1.7) 8 798

McCarthy Tetrault 13 9 2.6 8.9 (6.3) 4 729

Lavery de Billy 3 10 2.4 1.0 1.4 21 660

Cassels Brock & Blackwell LLP 21 11 2.1 4.1 (2.0) 10 569


Gowling Lafleur Henderson 9 13 1.9 3.0 (1.1) 12 513


Borden Ladner Gervais LLP 12 15 1.5 1.6 (0.1) 16 401

Wildeboer Dellelce LLP 7 16 1.4 1.2 0.2 20 397

Burstall Winger LLP 7 17 1.0 2.2 (1.2) 15 273

Davies Ward Phillips & Vineberg LLP 4 18 1.0 0.2 0.8 29 263

Simpson Thacher & Bartlett 1 19 0.7 0.4 0.3 25 203

Stewart McKelvey LLP 1 20 0.7 0.9 (0.2) 22 203

TOTAL 100% 100% 375 27,615 24,118

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM



Torys 36 1 24.1















Davis LLP 8 43 0.0

Wildeboer Dellelce LLP 7 16 1.4



TOTAL 100% 375


Bloomberg


Canadian Equity Offerings Issuer Advisers (IPO)

1/1/12 - 12/31/12

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DEAL

COUNT

MKT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume


Stikeman Elliott 4 2 16.9 - 16.9 49 430


Goodmans LLP 3 4 13.1 - - - 334

Freshfields Bruckhaus Deringer 1 5 11.7 - - - 297


Bennett Jones LLP 3 7 6.8 32.7 (25.9) 1 173

Vinson & Elkins LLP 1 8 4.8 4.0 0.8 5 121

Clark Wilson LLP 11 9 2.8 0.1 2.7 36 71

Haynes & Boone LLP 1 10 2.0 - - - 50



Dumoulin Black LLP 5 13 0.4 1.6 (1.2) 12 10

Peterson Law Professional Corp 1 14 0.4 0.3 0.1 26 10

Anfield Sujir Kennedy & Durno 6 15 0.3 0.7 (0.4) 17 7

Maitland & Co/Canada 6 16 0.2 0.5 (0.3) 20 5

Gowling Lafleur Henderson 5 17 0.2 0.1 0.1 34 4

Miller Thomson LLP 3 18 0.1 - 0.1 66 3

Salley Bowes Harwardt 4 19 0.1 0.1 - 35 3

Thomas Rondeau Business Lawyers 6 20 0.1 0.1 - 41 3

TOTAL 100% 100% 126 2,544 2,418

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM




Maitland & Co/Canada 6 16 0.2

Thomas Rondeau Business Lawyers 6 20 0.1

Dumoulin Black LLP 5 13 0.4





Salley Bowes Harwardt 4 19 0.1

Boughton Law Corp 4 21 0.1

Macdonald Tuskey 4 24 0.1




Heighington Law Firm 3 25 0.1




Garfinkle Biderman LLP 3 33 0.0

TOTAL 100% 126


Bloomberg


Canadian Equity Offerings Manager Advisers (IPO)

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Torys 4 1 20.4 14.3 6.1 2 519

Stikeman Elliott 2 2 17.9 6.0 11.9 5 455

Blake Cassels & Graydon LLP 2 3 17.3 4.6 12.7 8 441

Norton Rose LLP 4 4 15.4 - - - 393

Kirkland & Ellis 1 5 7.8 - - - 198

Skadden Arps Slate Meagher & Flom 1 5 7.8 - - - 198

Davies Ward Phillips & Vineberg LLP 1 7 4.7 - - - 119

Miller Thomson LLP 40 8 3.4 5.1 (1.7) 6 87


McMillan LLP 5 10 0.9 - 0.9 25 23

McCullough O'Connor Irwin 15 11 0.4 0.7 (0.3) 16 10

Dorsey & Whitney 1 12 0.3 - - - 8

Wildeboer Dellelce LLP 1 12 0.3 1.0 (0.7) 13 8


Anfield Sujir Kennedy & Durno 10 15 0.2 0.5 (0.3) 17 5

Getz Prince Wells 7 16 0.1 0.3 (0.2) 19 4


Davis LLP 7 18 0.1 0.2 (0.1) 21 3

Langlois Kronstrom Desjardins 3 19 0.1 - - - 2

Colby Monet Delage Demers & Crevier LLP 1 20 0.1 - - - 2

TOTAL 100% 100% 126 2,544 2,457

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM





Getz Prince Wells 7 16 0.1

Davis LLP 7 18 0.1


Torys 4 1 20.4



Langlois Kronstrom Desjardins 3 19 0.1





Maynard E. Brown Barrister & Solicitor 2 24 0.0

Parlee McLaws LLP 2 25 0.0





TOTAL 100% 126


Bloomberg


Canadian Eqty/Eql Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume


Norton Rose LLP 21 2 8.8 1.0 7.8 27 2,638






Torys 7 8 4.1 4.0 0.1 10 1,227


Goodmans LLP 14 10 3.9 2.0 1.9 16 1,186


McMillan LLP 12 12 2.3 2.8 (0.5) 12 680




Davis LLP 7 16 1.3 0.9 0.4 28 406



Dorsey & Whitney 6 19 1.2 1.6 (0.4) 20 352

AIRD & Berlis LLP 4 20 1.1 1.1 - 26 341

TOTAL 100% 100% 405 30,095 25,619

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM

















Aikins MacAulay & Thorvaldson LLP 8 14 1.8



Torys 7 8 4.1

Davis LLP 7 16 1.3

TOTAL 100% 405


Bloomberg


Canadian Eqty/Eql Manager Advisers

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Torys 45 1 24.4 12.4 12.0 1 7,344




Norton Rose LLP 12 5 7.1 0.3 6.8 27 2,143


Goodmans LLP 14 7 3.7 5.6 (1.9) 7 1,126



Lavery de Billy 3 10 2.2 0.9 1.3 21 660


Borden Ladner Gervais LLP 15 12 2.0 1.4 0.6 16 612







Bennett Jones LLP 7 19 0.9 1.1 (0.2) 18 258


TOTAL 100% 100% 414 30,128 27,116

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM



Torys 45 1 24.4

















Davis LLP 8 45 0.0


TOTAL 100% 414


Bloomberg


Canadian Eqty/Eql/Pfd Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume



Torys 15 3 8.4 7.5 0.9 2 3,173


Norton Rose LLP 23 5 7.7 1.4 6.3 20 2,896





Goodmans LLP 15 10 3.4 3.0 0.4 13 1,286


McMillan LLP 12 12 1.8 3.8 (2.0) 11 680





Davis LLP 7 17 1.1 0.7 0.4 28 406

Burstall Winger LLP 8 18 1.0 1.0 - 22 375

Dorsey & Whitney 6 19 0.9 1.3 (0.4) 21 352

AIRD & Berlis LLP 4 20 0.9 0.9 - 27 341

TOTAL 100% 100% 438 37,556 31,900

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

millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM











Torys 15 3 8.4







Aikins MacAulay & Thorvaldson LLP 9 14 1.6



Davis LLP 7 17 1.1

TOTAL 100% 438


Bloomberg


Canadian Eqty/Eql/Pfd Manager Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Torys 46 1 19.8 11.8 8.0 1 7,444





Norton Rose LLP 14 6 6.9 2.8 4.1 12 2,593

Goodmans LLP 19 7 5.9 6.1 (0.2) 6 2,210

McCarthy Tetrault 18 8 3.9 11.7 (7.8) 2 1,462

Osler Hoskin & Harcourt LLP 11 9 3.0 5.5 (2.5) 8 1,142


Lavery de Billy 3 11 1.8 0.8 1.0 22 660






Stewart McKelvey LLP 2 17 1.2 0.6 0.6 24 447


Bennett Jones LLP 8 19 1.0 0.9 0.1 19 379


TOTAL 100% 100% 447 37,589 33,209

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

millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM


Torys 46 1 19.8



















Davis LLP 8 45 0.0

TOTAL 100% 447


Bloomberg


Canadian Retail Struc. Products Issuer Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Stikeman Elliott 21 1 18.3 29.7 (11.4) 1 1,070

Heenan Blaikie 6 2 16.3 2.5 13.8 10 951

Seward & Kissel LLP 6 2 16.3 2.5 13.8 10 951

Blake Cassels & Graydon LLP 12 4 12.9 11.7 1.2 3 754

Fasken Martineau DuMoulin LLP 7 5 9.8 5.4 4.4 5 570



McMillan LLP 2 8 3.0 1.4 1.6 13 178




Macleod Dixon 1 12 1.7 1.7 - 12 100

Goodmans LLP 2 13 1.7 - - - 100


Burnet Duckworth & Palmer 1 15 0.2 0.2 - 18 14

Mckercher Mckercher Whitmor 1 16 0.1 0.1 - 19 7

TOTAL 100% 100% 77 5,836 6,120

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM







Seward & Kissel LLP 6 2 16.3








Macleod Dixon 1 12 1.7


Mckercher Mckercher Whitmor 1 16 0.1

TOTAL 100% 77


Bloomberg


Canadian Retail Struc. Products Manager Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

MKT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume




Stikeman Elliott 13 4 12.5 13.1 (0.6) 3 711


Fasken Martineau DuMoulin LLP 6 6 5.8 5.7 0.1 4 327


McMillan LLP 4 8 2.8 5.4 (2.6) 5 160



Wildeboer Dellelce LLP 3 11 0.8 4.5 (3.7) 6 45

TOTAL 100% 100% 77 5,680 5,894

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM













TOTAL 100% 77


Bloomberg

Canadian Corporates Issuer Advisers

1/1/12 - 12/31/12

FIRM

CAD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20112012

Underwriter League Tables

17.1 1Osler Hoskin & Harcourt LLP 7,358 n/a 16 1 18.2 1.1

14.8 2McCarthy Tetrault 6,200 n/a 16 2 15.3 0.5

9.9 3Torys 5,846 n/a 18 3 14.5 4.6

9.6 5Davies Ward Phillips & Vineberg LLP 2,850 n/a 9 4 7.1 (2.5)

8.8 6Stikeman Elliott 2,300 n/a 8 5 5.7 (3.1)

9.7 4Norton Rose LLP 1,942 n/a 12 6 4.8 (4.9)

2.4 9Borden Ladner Gervais LLP 1,763 n/a 7 7 4.4 2.0

6.6 7Allen & Overy LLP 1,717 n/a 12 8 4.2 (2.4)

4.0 8Blake Cassels & Graydon LLP 1,500 n/a 5 9 3.7 (0.3)

0.6 20Goodmans LLP 1,075 n/a 6 10 2.7 2.1

2.1 11Bennett Jones LLP 750 n/a 4 11 1.9 (0.2)

0.3 26Linklaters LLP 750 n/a 1 11 1.9 1.6

0.4 23Simpson Thacher & Bartlett 625 n/a 1 13 1.5 1.1

- -Paul Weiss Rifkind Wharton & Garrison 516 n/a 2 14 1.3 -

- -Cravath Swaine & Moore 500 n/a 1 15 1.2 -

- -Parlee McLaws LLP 500 n/a 1 15 1.2 -

1.2 13Sullivan & Cromwell 500 n/a 1 15 1.2 -

1.0 17Cleary Gottlieb Steen & Hamilton 475 n/a 2 18 1.2 0.2

- -Cassels Brock & Blackwell LLP 466 n/a 2 19 1.2 -

0.2 29Freshfields Bruckhaus Deringer 400 n/a 2 20 1.0 0.8

TOTAL 100% 100% 40,420 1180.57 40,110

Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this value*

Basic Materials 5.59%

Consumer Prod/Svcs 6.83%

Financial 51.34%

Industrial 2.96%

Oil/Gas/Elect 23.97%

Tech/Comm 9.30%

Total: 100.00%

INDUSTRY BREAKDOWN

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20

24

28

32

36

40

44

48

52

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

QUARTERLY VOLUME

CAD (Mln) / #Deals



Bloomberg

Canadian Corporates Manager Advisers

1/1/12 - 12/31/12

FIRM

CAD (Mln)

RANKMKT

SHARE

DEAL

COUNT

VOLUMEMKT

SHARE

RANK

MKT

SHARE

CHG (%)

DISCL

FEES (%)*

20112012

Underwriter League Tables

25.7 1Stikeman Elliott 6,134 n/a 20 1 15.1 (10.6)

0.5 20Goodmans LLP 5,175 n/a 9 2 12.7 12.2

5.8 7Torys 5,075 n/a 9 3 12.5 6.7

17.0 2Osler Hoskin & Harcourt LLP 3,873 n/a 13 4 9.5 (7.5)

7.3 5Blake Cassels & Graydon LLP 2,885 n/a 13 5 7.1 (0.2)

8.9 4McCarthy Tetrault 2,650 n/a 8 6 6.5 (2.4)

1.2 13Fraser Milner Casgrain LLP 2,325 n/a 10 7 5.7 4.5

12.9 3Norton Rose LLP 2,128 n/a 4 8 5.2 (7.7)

2.6 8Davies Ward Phillips & Vineberg LLP 1,800 n/a 5 9 4.4 1.8

6.1 6Bennett Jones LLP 1,579 n/a 3 10 3.9 (2.2)

1.7 10Allen & Overy LLP 1,300 n/a 3 11 3.2 1.5

0.4 21Paul Weiss Rifkind Wharton & Garrison 909 n/a 4 12 2.2 1.8

- -Cravath Swaine & Moore 725 n/a 2 13 1.8 -

- -Fasken Martineau DuMoulin LLP 650 n/a 3 14 1.6 -

- -Borden Ladner Gervais LLP 500 n/a 2 15 1.2 -

0.6 18Burnet Duckworth & Palmer 500 n/a 1 15 1.2 0.6

0.2 22Shearman & Sterling LLP 500 n/a 1 15 1.2 1.0

- -Clifford Chance LLP 450 n/a 2 18 1.1 -

- -Lavery de Billy 450 n/a 3 18 1.1 -

1.3 11Skadden Arps Slate Meagher & Flom 350 n/a 1 20 0.9 (0.4)

TOTAL 100% 100% 40,609 1140.57 39,952

Weighted Average Disclosed Fees - only issues that have fee information available are used in calculating this value*

Basic Materials 5.56%

Consumer Prod/Svcs 5.50%

Financial 55.63%

Industrial 2.95%

Oil/Gas/Elect 20.61%

Tech/Comm 9.75%

Total: 100.00%

INDUSTRY BREAKDOWN

6,000

8,000

10,000

12,000

14,000

16,000

16

20

24

28

32

36

40

44

48

2009

Q1

2009

Q2

2009

Q3

2009

Q4

2010

Q1

2010

Q2

2010

Q3

2010

Q4

2011

Q1

2011

Q2

2011

Q3

2011

Q4

2012

Q1

2012

Q2

2012

Q3

2012

Q4

QUARTERLY VOLUME

CAD (Mln) / #Deals



Bloomberg


EMEA Equity IPO Issuer Advisers

1/1/12 - 12/31/12

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VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume





White & Case LLP 2 5 4.8 6.3 (1.5) 5 278

Greenberg Traurig LLP 1 6 3.7 2.1 1.6 10 214

Allen & Overy LLP 1 7 3.6 - - - 207


Trowers & Hamlins 1 9 2.8 - - - 159

Walkers 2 10 2.5 - - - 147

Maples & Calder 2 11 2.2 - - - 126

Vinson & Elkins LLP 1 12 1.9 - - - 111

Watson Farley & Williams 1 12 1.9 - - - 111

Cleary Gottlieb Steen & Hamilton 1 14 1.6 0.8 0.8 20 92

Akin Gump Strauss Hauer & Feld LLP 1 15 1.5 - - - 84

NCTM Studio Legale Associato 1 16 1.3 - - - 77

Skadden Arps Slate Meagher & Flom 1 16 1.3 1.3 - 15 77

Goodwin Procter LLP 1 18 1.3 - - - 76

Masembe Makubuya Adriko Karugaba & Sseka 1 19 1.1 - - - 64

Loeb & Loeb LLP 2 20 1.0 - - - 58

TOTAL 100% 100% 29 5,770 35,141

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

millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM




Walkers 2 10 2.5


Loeb & Loeb LLP 2 20 1.0

Slaughter and May 1 1 25.2






Trowers & Hamlins 1 9 2.8


Watson Farley & Williams 1 12 1.9


Akin Gump Strauss Hauer & Feld LLP 1 15 1.5

NCTM Studio Legale Associato 1 16 1.3



Masembe Makubuya Adriko Karugaba & Sseka 1 19 1.1

TOTAL 100% 29


Bloomberg


EMEA Equity IPO Manager Advisers

1/1/12 - 12/31/12

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VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Latham & Watkins LLP 3 1 22.1 - - - 2,191

Linklaters LLP 2 2 19.2 28.4 (9.2) 1 1,903



Greenberg Traurig LLP 1 5 6.8 - - - 677

De Brauw Blackstone Westbroek 1 6 6.2 - - - 612

Homburger AG 2 7 6.0 - - - 593

Clifford Chance LLP 3 8 5.1 23.4 (18.3) 2 504

Weil Gotshal & Manges LLP 1 9 2.2 - - - 214

Shearman & Sterling LLP 2 10 1.8 1.4 0.4 12 182


Reed Smith LLP 1 12 0.6 - - - 56

Eversheds 1 13 0.5 - - - 48

Luthra & Luthra Law Offices 1 14 0.5 - - - 45

Hogan Lovells 1 15 0.4 - - - 38

Eitan Mehulal Pappo Kugler 1 16 0.3 - - - 28

Fischer Behar Chen Well Orion & Co 1 16 0.3 - - - 28

Baker & McKenzie 1 18 0.0 0.3 (0.3) 22 4

Dr K Chrysostomides & Co LLC 1 18 0.0 - - - 4

Dewey & LeBoeuf LLP 1 20 0.0 0.5 (0.5) 19 3

TOTAL 100% 100% 26 9,899 32,492

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

millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM







Homburger AG 2 7 6.0




De Brauw Blackstone Westbroek 1 6 6.2


Reed Smith LLP 1 12 0.6

Eversheds 1 13 0.5

Luthra & Luthra Law Offices 1 14 0.5


Eitan Mehulal Pappo Kugler 1 16 0.3

Fischer Behar Chen Well Orion & Co 1 16 0.3


Dr K Chrysostomides & Co LLC 1 18 0.0

Dewey & LeBoeuf LLP 1 20 0.0

TOTAL 100% 26


Bloomberg


AIM Equity IPO Issuer Advisers

1/1/12 - 12/31/12

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VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Addleshaw Goddard 1 1 35.7 1.1 34.6 12 89

DLA Piper LLP 1 2 22.8 - - - 57

K&L Gates LLP 2 3 10.9 - - - 27

Pinsent Masons 1 4 9.7 - - - 24

Slaughter and May 1 5 6.4 - - - 16

Fasken Martineau DuMoulin LLP 2 6 6.4 - - - 16

Harbottle & Lewis LLP 1 7 4.0 - - - 10

Mayer Brown LLP 1 7 4.0 1.0 3.0 14 10

TOTAL 100% 100% 9 249 879

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM




Addleshaw Goddard 1 1 35.7


Pinsent Masons 1 4 9.7


Harbottle & Lewis LLP 1 7 4.0


TOTAL 100% 9


Bloomberg


AIM Equity IPO Manager Advisers

1/1/12 - 12/31/12

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Mayer Brown LLP 2 1 66.0 - - - 212

Hogan Lovells 1 2 27.8 - - - 89

Dorsey & Whitney 1 3 6.3 5.9 0.4 6 20

TOTAL 100% 100% 4 321 525

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM




Dorsey & Whitney 1 3 6.3

TOTAL 100% 4


Bloomberg


EMEA Equity & Equity Linked Issuer Advisers

1/1/12 - 12/31/12

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VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume






Linklaters LLP 4 6 5.4 13.8 (8.4) 1 1,350

Hengeler Mueller 1 7 5.3 - - - 1,310

White & Case LLP 3 8 4.3 4.4 (0.1) 8 1,071




Dechert 1 12 1.2 - - - 300

Cassels Brock & Blackwell LLP 1 13 1.1 - - - 282

De Brauw Blackstone Westbroek 1 14 1.0 0.7 0.3 24 244

Herbert Smith/Gleiss Lutz/Stibbe 1 15 0.9 - - - 234

Greenberg Traurig LLP 1 16 0.9 1.4 (0.5) 14 214

Uria Menendez Law Firm 1 17 0.9 9.2 (8.3) 4 213

Baker & McKenzie 2 18 0.8 0.4 0.4 31 211

Allen & Overy LLP 1 19 0.8 6.2 (5.4) 7 207

Trowers & Hamlins 1 20 0.6 - - - 159

TOTAL 100% 100% 65 24,929 51,834

Includes all eligible equity & equity-linked offerings from European, Middle Eastern and African issuers. Excluding rights

issues. Volume in USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM









Cozen O'Connor 3 25 0.5



Walkers 2 22 0.6



Loeb & Loeb LLP 2 35 0.2




Dechert 1 12 1.2



TOTAL 100% 65


Bloomberg


EMEA Equity & Equity Linked Manager Advisers

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Linklaters LLP 9 1 18.2 37.3 (19.1) 1 4,089







Allen & Overy LLP 4 8 6.1 4.4 1.7 5 1,371

Greenberg Traurig LLP 1 9 3.0 - - - 677

De Brauw Blackstone Westbroek 1 10 2.7 - - - 612

Homburger AG 2 11 2.6 - - - 593

Hogan Lovells 3 12 1.3 - - - 297

Norton Rose LLP 2 13 1.3 0.1 1.2 38 282


Morgan Lewis & Bockius 3 15 1.1 0.1 1.0 36 241

Weil Gotshal & Manges LLP 1 16 1.0 - - - 214

Shearman & Sterling LLP 2 17 0.8 1.5 (0.7) 12 182


Reed Smith LLP 1 19 0.2 - - - 56

Eversheds 1 20 0.2 - - - 48

TOTAL 100% 100% 61 22,494 54,610

Includes all eligible equity & equity-linked offerings from European, Middle Eastern and African issuers. Excluding rights

issues. Volume in USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM




















Reed Smith LLP 1 19 0.2

Eversheds 1 20 0.2

TOTAL 100% 61


Bloomberg


EMEA Equity Linked Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Cleary Gottlieb Steen & Hamilton 3 1 15.6 - - - 992


Freshfields Bruckhaus Deringer 3 3 13.9 1.1 12.8 10 881

White & Case LLP 1 4 12.5 - - - 793

Linklaters LLP 3 5 12.4 11.2 1.2 3 785

Clifford Chance LLP 1 6 5.1 - - - 325


Dechert 1 8 4.7 - - - 300

Slaughter and May 1 9 3.9 1.9 2.0 7 245

Herbert Smith/Gleiss Lutz/Stibbe 1 10 3.7 - - - 234

Uria Menendez Law Firm 1 11 3.3 33.9 (30.6) 2 213

Camilleri Preziosi 1 12 2.5 - - - 156

Homburger AG 1 13 2.1 - - - 137

TOTAL 100% 100% 17 6,350 7,592

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM









Dechert 1 8 4.7


Herbert Smith/Gleiss Lutz/Stibbe 1 10 3.7

Uria Menendez Law Firm 1 11 3.3

Camilleri Preziosi 1 12 2.5


TOTAL 100% 17


Bloomberg


EMEA Equity Linked Manager Advisers

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Linklaters LLP 6 1 35.0 85.9 (50.9) 1 2,149


Allen & Overy LLP 3 3 17.0 - - - 1,043


Hogan Lovells 1 5 3.8 - - - 234


TOTAL 100% 100% 16 6,138 6,143

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM








TOTAL 100% 16


Bloomberg


Euromarket Bonds Issuer Advisers

1/1/12 - 12/31/12

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VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume


Allen & Overy LLP 166 2 16.5 19.3 (2.8) 1 134,446

Linklaters LLP 300 3 14.3 12.3 2.0 3 116,418


Hogan Lovells 32 5 5.2 4.8 0.4 5 42,103


Slaughter and May 38 7 2.3 3.1 (0.8) 7 18,547




White & Case LLP 21 11 1.1 0.9 0.2 14 9,012

Nagashima Ohno & Tsunematsu 11 12 0.7 0.1 0.6 108 6,014

Anderson Mori & Tomotsune 18 13 0.7 0.7 - 16 5,934

Ropes & Gray 18 14 0.7 0.5 0.2 27 5,623


NautaDutilh 59 16 0.6 0.9 (0.3) 13 5,164

Maples & Calder 37 17 0.6 2.2 (1.6) 10 4,989



Dundas & Wilson 23 20 0.5 - 0.5 113 4,270

TOTAL 100% 100% 1,487 812,391 526,854

Includes all eligible Euromarket bonds. Volume in USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM








NautaDutilh 59 16 0.6




Mannheimer Swartling 36 24 0.5


Bugge Arentz-Hansen & Rasmussen 26 26 0.4

Dundas & Wilson 23 20 0.5






Anderson Mori & Tomotsune 18 13 0.7

TOTAL 100% 1,487


Bloomberg


Euromarket Bonds Manager Advisers

1/1/12 - 12/31/12

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VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Allen & Overy LLP 577 1 31.2 31.1 0.1 1 335,657

Linklaters LLP 461 2 25.1 23.3 1.8 2 270,057


Hengeler Mueller 39 4 3.5 3.5 - 4 37,474









Hogan Lovells 25 13 0.8 0.4 0.4 19 8,598

White & Case LLP 41 14 0.8 0.4 0.4 20 8,315


Poch Krassnigg Rechtsanwalte GmbH 3 16 0.5 0.7 (0.2) 15 5,484


Gide Loyrette Nouel 8 18 0.3 1.1 (0.8) 12 3,193


Simmons & Simmons 8 20 0.2 0.1 0.1 50 2,339

TOTAL 100% 100% 1,981 1,074,860 816,182

Includes all eligible Euromarket bonds. Volume in USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM


















Ashurst LLP 13 99 0.0



Gide Loyrette Nouel 8 18 0.3

TOTAL 100% 1,981


Bloomberg


Euromarket High Yield inc-EM Issuer Advisers

1/1/12 - 12/31/12

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VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Allen & Overy LLP 19 1 8.9 9.1 (0.2) 2 6,816


Ropes & Gray 19 3 7.8 3.6 4.2 9 5,972



Linklaters LLP 10 6 4.8 11.2 (6.4) 1 3,699

Kirkland & Ellis 15 7 4.2 0.8 3.4 28 3,217



Slaughter and May 7 10 2.4 - - - 1,834







Advokatfirman Vinge KB 7 17 1.6 - - - 1,242


Dewey & LeBoeuf LLP 4 19 1.6 - - - 1,202

William Fry 8 20 1.4 0.2 1.2 48 1,089

TOTAL 100% 100% 173 76,738 68,628

Includes all eligible high yield (rated lower than Baa3 by Moody's or lower than BBB- by S&P) Euromarket bonds including

high yield issues from emerging market countries. Volume in USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM











William Fry 8 20 1.4




Advokatfirman Vinge KB 7 17 1.6

Loyens & Loeff 7 23 1.2






TOTAL 100% 173


Bloomberg


Euromarket High Yield inc-EM Manager Advisers

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume


Allen & Overy LLP 25 2 14.0 15.4 (1.4) 2 11,659



Linklaters LLP 20 5 7.1 12.5 (5.4) 3 5,925





White & Case LLP 6 10 2.0 2.5 (0.5) 8 1,690

NautaDutilh 7 11 1.5 2.4 (0.9) 10 1,244


McCann Fitzgerald 8 13 1.2 0.2 1.0 39 997

Appleby 5 14 1.2 1.4 (0.2) 14 963

Gleiss Lutz Hootz Hirsch Rechtsanwalte 3 15 1.1 0.1 1.0 41 911

Advokatfirman Cederquist KB 6 16 1.0 - - - 851

Sullivan & Cromwell 1 17 1.0 2.5 (1.5) 9 791

Commerce & Finance Law Offices 4 18 0.9 0.5 0.4 24 755

Niederer Kraft & Frey 5 19 0.9 - - - 734

Skadden Arps Slate Meagher & Flom 2 20 0.8 0.1 0.7 42 671

TOTAL 100% 100% 185 83,229 66,541

Includes all eligible high yield (rated lower than Baa3 by Moody's or lower than BBB- by S&P) Euromarket bonds including


1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM










McCann Fitzgerald 8 13 1.2




Advokatfirman Cederquist KB 6 16 1.0

Appleby 5 14 1.2

Niederer Kraft & Frey 5 19 0.9


Pestalozzi Lachenal Patry 4 32 0.4

Gleiss Lutz Hootz Hirsch Rechtsanwalte 3 15 1.1



TOTAL 100% 185


Bloomberg


Euromarket High Yield ex-EM Issuer Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume


Ropes & Gray 19 2 9.4 4.2 5.2 9 5,972

Allen & Overy LLP 17 3 9.1 8.0 1.1 3 5,816


Kirkland & Ellis 15 5 5.0 0.6 4.4 31 3,217

Linklaters LLP 8 6 4.4 12.5 (8.1) 1 2,824

Paul Weiss Rifkind Wharton & Garrison 3 7 3.1 - - - 1,973




Skadden Arps Slate Meagher & Flom 5 11 2.6 - - - 1,687






William Fry 8 17 1.7 0.3 1.4 40 1,089

Debevoise & Plimpton LLP 3 18 1.5 1.2 0.3 21 977

Loyens & Loeff 7 19 1.4 1.7 (0.3) 17 894

White & Case LLP 5 20 1.2 0.2 1.0 46 790

TOTAL 100% 100% 139 63,869 59,203

Includes all eligible high yield (rated lower than Baa3 by Moody's or lower than BBB- by S&P) Euromarket bonds excluding


1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM










William Fry 8 17 1.7



Loyens & Loeff 7 19 1.4









TOTAL 100% 139


Bloomberg


Euromarket High Yield ex-EM Manager Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume


Allen & Overy LLP 22 2 15.6 16.6 (1.0) 2 10,759





Linklaters LLP 9 7 3.4 11.7 (8.3) 4 2,333



NautaDutilh 7 10 1.8 2.7 (0.9) 8 1,244

White & Case LLP 4 11 1.7 1.6 0.1 12 1,159


McCann Fitzgerald 8 13 1.4 0.2 1.2 31 997

Appleby 5 14 1.4 1.6 (0.2) 13 963

Gleiss Lutz Hootz Hirsch Rechtsanwalte 3 15 1.3 0.1 1.2 33 911

Sullivan & Cromwell 1 16 1.1 2.8 (1.7) 7 791

Niederer Kraft & Frey 5 17 1.1 - - - 734

De Brauw Blackstone Westbroek 3 18 0.9 0.1 0.8 32 624

Hengeler Mueller 3 19 0.8 1.1 (0.3) 16 571

Cleary Gottlieb Steen & Hamilton 1 20 0.7 1.2 (0.5) 15 500

TOTAL 100% 100% 147 69,185 58,382

Includes all eligible high yield (rated lower than Baa3 by Moody's or lower than BBB- by S&P) Euromarket bonds excluding


1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM









McCann Fitzgerald 8 13 1.4




Appleby 5 14 1.4

Niederer Kraft & Frey 5 17 1.1


Pestalozzi Lachenal Patry 4 27 0.5

Gleiss Lutz Hootz Hirsch Rechtsanwalte 3 15 1.3



Arendt & Medernach 3 22 0.6

Advokatfirman Cederquist KB 3 24 0.6

TOTAL 100% 147


Bloomberg


Islamic Bonds Issuer Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

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RANK

MKT

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CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume



Zaid Ibrahim & Co 34 3 11.9 - - - 2,803

Al Jadaan 1 4 8.5 1.1 7.4 13 2,000

Adnan Sundra & Low 11 5 8.1 8.4 (0.3) 5 1,898

Arnold & Porter 1 6 6.4 - - - 1,500

Allen & Overy LLP 4 7 5.9 2.0 3.9 9 1,379

Shearn Delamore & Co 12 8 5.7 - - - 1,350

Norton Rose LLP 2 9 5.5 - - - 1,300

Hadiputranto Hadinoto & Partners 1 10 2.1 - - - 500

Maples & Calder 1 10 2.1 6.4 (4.3) 7 500

Turner & Roulstone 2 10 2.1 - - - 500

Kadir Andri Aidham & Partners 7 13 1.8 2.0 (0.2) 11 430

WongPartnership LLP 2 14 1.4 - - - 319

Zul Rafique & Partners 3 15 1.2 - - - 277

Denton Wilde Sapte 1 16 1.0 - - - 233

SNR & Co 1 16 1.0 - - - 233

Walkers 1 16 1.0 - - - 233

Linklaters LLP 1 19 0.5 10.6 (10.1) 3 107

Al Ruwayeh & Partners 2 20 0.4 2.2 (1.8) 8 103

TOTAL 100% 100% 90 23,529 11,806

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM


Zaid Ibrahim & Co 34 3 11.9

Shearn Delamore & Co 12 8 5.7

Adnan Sundra & Low 11 5 8.1

Kadir Andri Aidham & Partners 7 13 1.8




Zul Rafique & Partners 3 15 1.2


Turner & Roulstone 2 10 2.1

WongPartnership LLP 2 14 1.4

Al Ruwayeh & Partners 2 20 0.4

Hisham Sobri & Kadir 2 21 0.4

Al Jadaan 1 4 8.5

Arnold & Porter 1 6 6.4

Hadiputranto Hadinoto & Partners 1 10 2.1


Denton Wilde Sapte 1 16 1.0

SNR & Co 1 16 1.0

Walkers 1 16 1.0

TOTAL 100% 90


Bloomberg


Islamic Bonds Manager Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Allen & Overy LLP 13 1 25.7 11.7 14.0 3 9,937

Adnan Sundra & Low 34 2 17.4 14.5 2.9 2 6,724


Albar & Partners 72 4 9.6 2.1 7.5 9 3,722

Zaid Ibrahim & Co 52 5 8.5 41.9 (33.4) 1 3,267

Mohamed Ridza & Co 8 6 4.8 - - - 1,865


Kadir Andri Aidham & Partners 46 8 4.5 8.6 (4.1) 4 1,739

Linklaters LLP 2 9 4.3 0.1 4.2 16 1,650

Shook Lin & Bok 29 10 2.8 3.2 (0.4) 6 1,077

Christopher Lee & Co 24 11 2.1 - - - 819

Hisham Sobri & Kadir 9 12 1.5 0.8 0.7 15 590

Zul Rafique & Partners 19 13 1.3 1.0 0.3 14 501

Thamrin & Rachman 1 14 1.3 - - - 500

Azmi & Associates 2 15 0.4 1.4 (1.0) 11 164

Baker & McKenzie 1 16 0.2 1.1 (0.9) 13 76

Abdullah Chan 1 17 0.2 - - - 60

Jeff Leong Poon & Wong 3 18 0.1 - - - 49

Raja Eleena Siew Ang & Associates 4 19 0.1 0.1 - 17 35

Soo Thien Ming & Nashrah 4 20 0.1 0.1 - 18 26

TOTAL 100% 100% 338 38,650 30,646

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM


Albar & Partners 72 4 9.6




Shook Lin & Bok 29 10 2.8

Christopher Lee & Co 24 11 2.1





Mohamed Ridza & Co 8 6 4.8


Raja Eleena Siew Ang & Associates 4 19 0.1

Soo Thien Ming & Nashrah 4 20 0.1

Jeff Leong Poon & Wong 3 18 0.1



Azmi & Associates 2 15 0.4

Thamrin & Rachman 1 14 1.3


TOTAL 100% 338


Bloomberg


GCC Islamic Bonds Issuer Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume



Al Jadaan 1 3 15.3 3.3 12.0 7 2,000

Allen & Overy LLP 3 4 10.0 6.0 4.0 5 1,300

Maples & Calder 1 5 3.8 18.8 (15.0) 2 500

Turner & Roulstone 2 5 3.8 - - - 500

Denton Wilde Sapte 1 7 1.8 - - - 233

SNR & Co 1 7 1.8 - - - 233

Walkers 1 7 1.8 - - - 233

Linklaters LLP 1 10 0.8 6.3 (5.5) 4 107

Zaid Ibrahim & Co 1 10 0.8 - - - 107

Al Ruwayeh & Partners 2 12 0.8 6.4 (5.6) 3 103

Haya Rashed Al Khalifa Attorneys at Law 1 13 0.4 - - - 48

Zul Rafique & Partners 1 13 0.4 - - - 48

TOTAL 100% 100% 15 13,064 3,998

Includes all eligible Islamic bonds (including convertibles) with Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE

country of risk. Volume in USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM





Turner & Roulstone 2 5 3.8

Al Ruwayeh & Partners 2 12 0.8

Al Jadaan 1 3 15.3


Denton Wilde Sapte 1 7 1.8

SNR & Co 1 7 1.8

Walkers 1 7 1.8



Haya Rashed Al Khalifa Attorneys at Law 1 13 0.4


TOTAL 100% 15


Bloomberg


GCC Islamic Bonds Manager Advisers

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Allen & Overy LLP 12 1 55.2 61.6 (6.4) 1 9,437



Linklaters LLP 2 4 9.6 - - - 1,650

Zul Rafique & Partners 3 5 1.2 7.0 (5.8) 5 211

Adnan Sundra & Low 1 6 0.6 - - - 96

TOTAL 100% 100% 23 17,111 3,651

Includes all eligible Islamic bonds (including convertibles) with Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE

country of risk. Volume in USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM








TOTAL 100% 23


Bloomberg


Asia ex-Japan Equity IPO Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume




Jia Yuan Law Firm 8 4 3.7 3.0 0.7 8 1,265


Albar & Partners 1 6 3.2 0.2 3.0 89 1,098

Azmi & Associates 1 6 3.2 - - - 1,098


Beijing Zhonglun Law Firm 12 9 3.2 2.3 0.9 12 1,097

Kadir Andri Aidham & Partners 3 10 3.2 0.6 2.6 45 1,096

Jingtian Gongcheng Law Firm 15 11 2.9 3.9 (1.0) 4 989

Grandfield Law Offices 8 12 2.7 2.1 0.6 13 913

Beijing Grandway Law Offices 7 13 2.2 - - - 759

Beijing Deheng Law 9 14 2.2 0.9 1.3 25 747

Linklaters LLP 3 15 2.1 - 2.1 138 724

Beijing JunZeJun Law Offices 6 16 2.1 0.7 1.4 29 706

Allen & Gledhill 4 17 2.0 3.0 (1.0) 7 691

Amarchand Mangaldas & Suresh A Shroff 6 18 2.0 0.3 1.7 73 672

Dacheng Law Office 9 19 1.7 0.6 1.1 43 578

Commerce & Finance Law Offices 11 20 1.6 3.3 (1.7) 6 545

TOTAL 100% 100% 284 34,355 75,043

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

USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM







Appleby 12 39 0.6







Beijing JunZeJun Law Offices 6 16 2.1

Amarchand Mangaldas & Suresh A Shroff 6 18 2.0

Allbright Law Office 6 25 1.1


Li & Partners 6 94 0.1

Loong & Yeung 6 102 0.1

Beijing Kang Da Law Firm 5 23 1.2


TOTAL 100% 284


Bloomberg


Asia ex-Japan Equity IPO Manager Advisers

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Linklaters LLP 5 1 14.4 5.9 8.5 6 2,672

Adnan Sundra & Low 1 2 8.9 - - - 1,647

Allen & Overy LLP 7 3 8.3 11.1 (2.8) 1 1,542




WongPartnership LLP 4 7 4.8 0.2 4.6 44 887

Zul Rafique & Partners 1 8 4.0 1.4 2.6 19 744


Albar & Partners 3 10 3.2 - - - 595

Paul Hastings LLP 6 11 3.1 0.9 2.2 29 566

Luthra & Luthra Law Offices 3 12 2.8 0.4 2.4 37 527


Milbank Tweed Hadley & McCloy LLP 1 14 2.0 - - - 373

Grandall Legal Group 2 15 1.5 - - - 280

Picazo Buyco Tan Fider & Santos 2 16 1.5 - - - 276

Norton Rose LLP 2 17 1.1 0.1 1.0 48 201



Shearman & Sterling LLP 1 19 1.0 1.6 (0.6) 15 192

TOTAL 100% 100% 90 18,508 32,515

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

USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM




Shin & Kim 7 24 0.7






Chiu & Partners 4 41 0.2

Salans 4 43 0.2

Jun He Law Offices 3 4 6.9



Jones Day 3 23 0.8

Fangda Partners 3 27 0.6



Picazo Buyco Tan Fider & Santos 2 16 1.5



TOTAL 100% 90


Bloomberg


Asia-Pacific ex-Japan G3 Bonds Issuer Advisers

1/1/12 - 12/31/12

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Allen & Overy LLP 23 1 11.7 12.7 (1.0) 1 16,926

Linklaters LLP 38 2 10.6 3.3 7.3 8 15,398






Allen & Gledhill 14 8 3.2 2.3 0.9 11 4,683


Yulchon 10 10 2.9 1.7 1.2 13 4,240

Conyers Dill & Pearman 20 11 2.8 1.3 1.5 21 4,093

Latham & Watkins LLP 9 12 2.8 2.8 - 10 4,075


Baker & McKenzie 12 14 2.2 1.4 0.8 20 3,210

Maples & Calder 15 15 2.0 1.7 0.3 14 2,959


Shin & Kim 6 17 1.9 0.4 1.5 39 2,692

White & Case LLP 4 18 1.8 0.1 1.7 75 2,625

Mayer Brown LLP 8 19 1.6 0.4 1.2 39 2,360

Thamrin & Rachman 3 20 1.5 - - - 2,125

TOTAL 100% 100% 226 144,776 80,371

Includes all eligible bonds from Asia Pacific issuers in JPY, EUR and USD excluding Japan. Minimum issue size is USD 100

million. Volume in USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM










Allen & Gledhill 14 8 3.2




Yulchon 10 10 2.9



Shimazaki International 9 33 0.8


Woo Kwan Lee & Lo 8 25 1.0


Shin & Kim 6 17 1.9

TOTAL 100% 226


Bloomberg


Asia-Pacific ex-Japan G3 Bonds Manager Advisers

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Allen & Overy LLP 45 1 19.9 9.8 10.1 3 29,950

Linklaters LLP 54 2 16.1 9.1 7.0 4 24,354






Baker & McKenzie 4 8 1.7 3.7 (2.0) 6 2,639


Commerce & Finance Law Offices 7 10 1.6 2.7 (1.1) 9 2,350

Assegaf Hamzah & Partners 3 11 1.4 1.6 (0.2) 16 2,125


Anderson Mori & Tomotsune 7 13 1.2 3.7 (2.5) 7 1,830

Hiswara Bunjamin & Tandjung 3 14 1.0 0.1 0.9 45 1,500


J Sagar Associates 3 16 0.9 - - - 1,375

King & Wood Mallesons 6 17 0.9 1.1 (0.2) 19 1,325

Jingtian Gongcheng Law Firm 5 18 0.8 1.3 (0.5) 17 1,275

Nagashima Ohno & Tsunematsu 3 19 0.8 1.1 (0.3) 18 1,261

Shimazaki International 2 20 0.8 1.6 (0.8) 15 1,168

TOTAL 100% 100% 241 150,822 87,917

Includes all eligible bonds from Asia Pacific issuers in JPY, EUR and USD excluding Japan. Minimum issue size is USD 100

million. Volume in USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM


















Assegaf Hamzah & Partners 3 11 1.4

Hiswara Bunjamin & Tandjung 3 14 1.0

J Sagar Associates 3 16 0.9

Nagashima Ohno & Tsunematsu 3 19 0.8

TOTAL 100% 241


Bloomberg


Asia ex-Japan Equity Linked Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Jurisino Law Group 2 1 20.6 - - - 1,335

Milestone Law Office 1 2 14.8 - - - 958


Baker & McKenzie 5 4 8.8 1.4 7.4 18 573

Mayer Brown LLP 1 5 4.4 - - - 284

Pacis & Reyes 1 6 3.9 - - - 250

Erriah & Uteem 1 7 3.1 - - - 200


Tsar & Tsai 1 8 2.8 - - - 180

Slaughter and May 1 10 2.8 1.0 1.8 26 179

Lee & Li Attorneys at Law 2 11 2.7 3.7 (1.0) 7 178

Allen & Overy LLP 1 12 2.3 - - - 150

AZB & Partners 1 13 2.2 - - - 140

Conyers Dill & Pearman 2 14 1.9 2.4 (0.5) 12 126


Maples & Calder 1 16 1.8 1.0 0.8 27 115

Shu Jin Law Firm 1 17 1.6 - - - 104

Vietnam International Law Firm-Hong Duc 1 18 1.4 - - - 93

Allen & Gledhill 2 19 1.3 4.0 (2.7) 5 83

Beijing Tian Zhao Yu Tian Law Office 1 20 1.0 - - - 63

TOTAL 100% 100% 28 6,480 14,638

Includes all eligible equity-linked offerings from Asia Pacific issuers excluding Japan, Australia, and New Zealand. Volume in

USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM




Appleby 3 26 0.3

V&T Law Firm 3 26 0.3

Jurisino Law Group 2 1 20.6

Lee & Li Attorneys at Law 2 11 2.7



Milestone Law Office 1 2 14.8


Pacis & Reyes 1 6 3.9

Erriah & Uteem 1 7 3.1


Tsar & Tsai 1 8 2.8



AZB & Partners 1 13 2.2



Shu Jin Law Firm 1 17 1.6

TOTAL 100% 28


Bloomberg


Asia ex-Japan Equity Linked Manager Advisers

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Linklaters LLP 6 1 26.6 21.2 5.4 2 1,340

Commerce & Finance Law Offices 1 2 25.1 7.9 17.2 5 1,264


White & Case LLP 1 4 4.5 - - - 229

Davis Polk & Wardwell 1 5 3.6 11.6 (8.0) 3 179

Fried Frank Harris Shriver & Jacobson 1 6 3.0 - - - 150

Allen & Overy LLP 1 7 2.8 2.9 (0.1) 8 140

Picazo Buyco Tan Fider & Santos 1 8 2.5 - - - 125

Shearman & Sterling LLP 1 9 1.8 - - - 93

YKVN Lawyers 1 9 1.8 - - - 93

King & Wood Mallesons 1 11 1.8 0.7 1.1 17 90


Jingtian Gongcheng Law Firm 1 13 1.5 - - - 75

AZB & Partners 1 14 1.2 - - - 63


K&L Gates LLP 1 16 0.9 0.8 0.1 14 45

Allen & Gledhill 1 17 0.6 - - - 32

TOTAL 100% 100% 22 5,040 14,800

Includes all eligible equity-linked offerings from Asia Pacific issuers excluding Japan, Australia, and New Zealand. Volume in

USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM










Picazo Buyco Tan Fider & Santos 1 8 2.5


YKVN Lawyers 1 9 1.8



AZB & Partners 1 14 1.2




TOTAL 100% 22


Bloomberg


Japanese Samurai Bonds Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

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DEAL

COUNT

MKT

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RANK

MKT

SHARE

CHG (%)

VOLUME

JPY (Bln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Anderson Mori & Tomotsune 26 1 38.2 25.0 13.2 1 694

Shimazaki International 18 2 10.4 10.4 - 4 189

Yulchon 7 3 7.2 0.7 6.5 14 132

Allens 5 4 5.8 - - - 105

White & Case LLP 1 5 4.7 - - - 85

Nagashima Ohno & Tsunematsu 5 6 4.6 8.7 (4.1) 5 84

Simpson Thacher & Bartlett 2 7 4.4 - - - 81


Mannheimer Swartling 5 8 3.3 4.7 (1.4) 9 60

Baker & McKenzie 4 10 3.2 5.1 (1.9) 6 58

King & Wood Mallesons 2 11 2.3 - - - 42

Sullivan & Cromwell 2 12 2.3 - - - 41

Kim & Chang 7 13 2.2 1.6 0.6 12 40

Linklaters LLP 3 14 1.9 0.8 1.1 13 35


Wiersholm Mellbye & Bech 1 16 1.8 - - - 33

Shin & Kim 1 17 0.8 - - - 15

Bae Kim & Lee 3 18 0.7 0.6 0.1 15 12

Lee & Ko 1 19 0.5 5.0 (4.5) 7 10

NautaDutilh 1 19 0.5 - - - 10

TOTAL 100% 100% 62 1,820 1,605

Includes all eligible samurai bonds. Volume in JPY billions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM




Yulchon 7 3 7.2

Kim & Chang 7 13 2.2

Allens 5 4 5.8



Mannheimer Swartling 5 8 3.3




Bae Kim & Lee 3 18 0.7





Wiersholm Mellbye & Bech 1 16 1.8

Shin & Kim 1 17 0.8

Lee & Ko 1 19 0.5


TOTAL 100% 62


Bloomberg


Japanese Samurai Bonds Manager Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

JPY (Bln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Baker & McKenzie 8 1 29.5 12.1 17.4 4 441

Anderson Mori & Tomotsune 20 2 20.7 39.8 (19.1) 1 310

Linklaters LLP 8 3 18.9 24.2 (5.3) 2 282

Nagashima Ohno & Tsunematsu 7 4 15.3 10.0 5.3 5 229

Nishimura & Asahi 5 5 8.9 1.0 7.9 6 132

Shimazaki International 3 6 6.7 12.8 (6.1) 3 100

TOTAL 100% 100% 51 1,494 1,482

Includes all eligible samurai bonds. Volume in JPY billions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM






Nishimura & Asahi 5 5 8.9


TOTAL 100% 51


Bloomberg


Singapore Dollar Bonds Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

SGD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Allen & Gledhill 20 1 48.0 33.0 15.0 1 7,192

Linklaters LLP 6 2 13.7 12.5 1.2 2 2,050

WongPartnership LLP 9 3 10.1 11.2 (1.1) 3 1,507

Allen & Overy LLP 7 4 8.9 - - - 1,329

Cains Advocates Ltd 1 5 6.0 - - - 900

Shook Lin & Bok 6 6 3.1 4.5 (1.4) 8 458

Harney Westwood & Riegels 1 7 1.5 - - - 225

Slaughter and May 2 8 1.5 7.5 (6.0) 4 220

Sidley Austin LLP 1 9 1.2 - - - 175

White & Case LLP 1 10 1.0 - - - 150

Lee & Lee 1 11 0.7 5.0 (4.3) 5 100


Simpson Thacher & Bartlett 1 13 0.5 - - - 72

Herbert Smith Freehills LLP 1 14 0.5 - - - 69

Sullivan & Cromwell 1 14 0.5 - - - 69


Jin Mao Law Firm 1 16 0.4 - - - 63

Walkers 1 16 0.4 - - - 63

Appleby 1 19 0.3 - - - 50


TOTAL 100% 100% 48 14,978 9,961

Includes all bonds denominated in Singapore Dollars. Excludes issues that are callable or puttable and mature in less than

12 months. Volume in SGD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM








Cains Advocates Ltd 1 5 6.0

Harney Westwood & Riegels 1 7 1.5



Lee & Lee 1 11 0.7



Herbert Smith Freehills LLP 1 14 0.5



Jin Mao Law Firm 1 16 0.4

Walkers 1 16 0.4

Appleby 1 19 0.3


TOTAL 100% 48


Bloomberg


Singapore Dollar Bonds Manager Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

SGD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Linklaters LLP 13 1 28.0 18.1 9.9 3 4,260

Allen & Gledhill 20 2 24.6 28.0 (3.4) 1 3,740



WongPartnership LLP 5 5 7.1 12.0 (4.9) 4 1,083

Allen & Overy LLP 4 6 6.2 10.8 (4.6) 5 950

Davis Polk & Wardwell 2 7 2.0 - - - 300


Commerce & Finance Law Offices 1 9 0.8 - - - 125

TOTAL 100% 100% 50 15,233 8,826

Includes all bonds denominated in Singapore Dollars. Excludes issues that are callable or puttable and mature in less than

12 months. Volume in SGD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM











TOTAL 100% 50


Bloomberg


Australia/NZ Equity IPO Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume


Herbert Smith Freehills LLP 2 2 11.8 - - - 89

HopgoodGanim 2 3 11.3 1.0 10.3 20 85

Steinepreis Paganin 11 4 5.2 4.1 1.1 6 39

Norton Rose LLP 1 5 4.6 0.9 3.7 22 35

Downings Legal 1 6 2.1 - - - 16

Rajah & Tann 1 6 2.1 - - - 16

Chapman Tripp 1 8 1.6 6.7 (5.1) 4 12

Baker & McKenzie 1 9 1.5 - - - 11

Hardy Bowen 1 10 1.2 1.1 0.1 15 9

Clayton Utz 1 11 1.2 18.8 (17.6) 2 9

Price Sierakowski 1 12 1.1 2.3 (1.2) 8 8

Middletons Lawyers 1 13 0.8 1.4 (0.6) 13 6

McCabe Terrill 1 14 0.6 - - - 5

Brown Drew & Massey LLP 1 15 0.5 - - - 4

O'Loughlins Lawyers 1 16 0.4 1.5 (1.1) 12 3

Allen & Overy LLP 1 17 0.3 - - - 2

Herbert Geer & Rundle 1 18 0.1 - - - 1

Tan Lim & Wong 1 19 0.0 - - - 0

TOTAL 100% 100% 28 756 1,511

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM


Steinepreis Paganin 11 4 5.2


HopgoodGanim 2 3 11.3



Downings Legal 1 6 2.1

Rajah & Tann 1 6 2.1

Chapman Tripp 1 8 1.6


Hardy Bowen 1 10 1.2

Clayton Utz 1 11 1.2

Price Sierakowski 1 12 1.1

Middletons Lawyers 1 13 0.8

McCabe Terrill 1 14 0.6

Brown Drew & Massey LLP 1 15 0.5

O'Loughlins Lawyers 1 16 0.4


Herbert Geer & Rundle 1 18 0.1

Tan Lim & Wong 1 19 0.0

TOTAL 100% 28


Bloomberg


Australia/New Zealand Hybrid Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Herbert Smith Freehills LLP 3 1 45.9 - - - 1,563

Allens 1 2 37.4 - - - 1,272

Clayton Utz 1 3 9.2 12.6 (3.4) 2 312

Allen & Overy LLP 1 4 6.6 - - - 225

DLA Piper LLP 1 5 0.9 - - - 30

TOTAL 100% 100% 7 3,403 1,443

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM



Allens 1 2 37.4

Clayton Utz 1 3 9.2



TOTAL 100% 7


Bloomberg


HKSE Equity IPO Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume




Grandall Legal Group 2 4 8.1 4.1 4.0 6 930

Jingtian Gongcheng Law Firm 10 5 5.4 2.1 3.3 19 624

Jia Yuan Law Firm 4 6 4.2 2.4 1.8 14 480

Freshfields Bruckhaus Deringer 1 7 2.6 13.4 (10.8) 1 297


Chen & Co 2 9 2.3 - - - 264

Morrison & Foerster LLP 1 10 2.2 0.2 2.0 46 256


Maples & Calder 6 12 1.6 0.9 0.7 29 188


Appleby 11 14 1.5 0.3 1.2 35 176

Walkers 2 15 1.4 2.6 (1.2) 9 156

McKenna Long & Aldridge LLP 1 16 1.3 - - - 144

Baker & McKenzie 1 17 0.9 2.5 (1.6) 11 99

Suman Khaitan & Co 1 17 0.9 - - - 99

Zhong Lun Law Firm 1 17 0.9 0.2 0.7 41 99

Deacons 4 20 0.8 0.2 0.6 44 90

TOTAL 100% 100% 56 11,477 25,380

Includes all eligible initial public offerings listed on Hong Kong Stock Exchange, does not account for deals from companies

that are delisted or acquired. Volume in USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM



Appleby 11 14 1.5





Loong & Yeung 6 36 0.2




Deacons 4 20 0.8




GFE Law Office 3 55 0.1


Chen & Co 2 9 2.3

Walkers 2 15 1.4



TOTAL 100% 56


Bloomberg


HKSE Equity IPO Manager Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Paul Hastings LLP 7 1 13.0 1.1 11.9 20 1,493


Jun He Law Offices 3 3 11.1 1.5 9.6 18 1,269



Jia Yuan Law Firm 3 6 6.3 - 6.3 65 726

Grandall Legal Group 3 7 4.7 - - - 536

Freshfields Bruckhaus Deringer 1 8 3.9 12.1 (8.2) 2 452

Herbert Smith Freehills LLP 2 9 2.5 3.7 (1.2) 11 287

Kirkland & Ellis 2 10 2.0 - - - 231


Baker & McKenzie 1 12 1.8 - - - 202

Norton Rose LLP 2 13 1.8 0.2 1.6 32 201

Blake Cassels & Graydon LLP 1 14 1.7 - - - 198





Haiwen & Partners 1 19 0.9 6.4 (5.5) 5 108

Linklaters LLP 1 19 0.9 5.9 (5.0) 6 108

TOTAL 100% 100% 56 11,478 25,357

Includes all eligible initial public offerings listed on Hong Kong Stock Exchange, does not account for deals from companies

that are delisted or acquired. Volume in USD millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM







Salans 4 26 0.3









GFE Law Office 2 29 0.2

F Zimmern & Co 2 32 0.2


Charltons 2 38 0.2

Deacons 2 40 0.2

Mason Ching & Associate 2 41 0.1

TOTAL 100% 56


Bloomberg


SGX Equity IPO Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Allen & Gledhill 3 1 16.9 29.3 (12.4) 1 471

Shook Lin & Bok 3 2 12.2 6.1 6.1 4 341

Rajah & Tann 3 3 8.5 - - - 238

Vaish Associates 1 4 7.5 - - - 209

King & Wood Mallesons 3 5 6.7 24.8 (18.1) 2 186

Stamford Law Corp 3 6 5.0 5.3 (0.3) 5 140

Akol Avukatlik Burosu 1 7 4.7 - - - 132

Kadir Andri Aidham & Partners 1 7 4.7 - - - 132

Linklaters LLP 1 7 4.7 - - - 132

Talwar Thakore & Associates 1 7 4.7 - - - 132

Duane Morris LLP 1 11 3.3 - - - 93

Melli Darsa Law Offices 1 12 3.2 - - - 88

WongPartnership LLP 3 13 2.3 - - - 63

Zaid Ibrahim & Co 2 14 2.1 - - - 59

Kim & Chang 1 15 1.9 - - - 52

Mori Hamada & Matsumoto 1 15 1.9 - - - 52

Paul Hastings LLP 1 15 1.9 - - - 52

Zhong Lun Law Firm 1 15 1.9 - - - 52

Ali Budiardjo Nugroho Reksodiputro 1 19 1.4 0.1 1.3 19 38

Chee Siah Le Kee & Partners 1 20 0.8 - - - 24

TOTAL 100% 100% 21 2,792 7,343

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM




Rajah & Tann 3 3 8.5


Stamford Law Corp 3 6 5.0


Drew & Napier 3 21 0.7


Colin NG & Partners 2 26 0.2

Vaish Associates 1 4 7.5

Akol Avukatlik Burosu 1 7 4.7



Talwar Thakore & Associates 1 7 4.7

Duane Morris LLP 1 11 3.3

Melli Darsa Law Offices 1 12 3.2


Mori Hamada & Matsumoto 1 15 1.9


Zhong Lun Law Firm 1 15 1.9

TOTAL 100% 21


Bloomberg


SGX Equity IPO Manager Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Allen & Overy LLP 3 1 32.5 47.8 (15.3) 1 884

WongPartnership LLP 3 2 20.5 0.9 19.6 6 557

Albar & Partners 1 3 7.3 - - - 198

Jingtian Gongcheng Law Firm 1 3 7.3 - - - 198


Shook Lin & Bok 2 6 4.3 - - - 117

Allen & Gledhill 1 7 3.8 5.2 (1.4) 3 105

Amarchand Mangaldas & Suresh A Shroff 1 7 3.8 - - - 105



Chancery Law Corp 1 11 2.8 0.3 2.5 9 76

Rodyk & Davidson LLP 1 12 1.4 - - - 38

Stamford Law Corp 1 13 1.2 - - - 32

Colin NG & Partners 1 14 0.6 - - - 17

TOTAL 100% 100% 12 2,719 7,276

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM












Chancery Law Corp 1 11 2.8

Rodyk & Davidson LLP 1 12 1.4

Stamford Law Corp 1 13 1.2

Colin NG & Partners 1 14 0.6

TOTAL 100% 12


Bloomberg


China Domestic IPO Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

CNY (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume


Jia Yuan Law Firm 5 2 10.1 5.3 4.8 4 9,964


Beijing Zhonglun Law Firm 12 4 7.1 4.2 2.9 6 6,942

Grandfield Law Offices 8 5 5.9 3.8 2.1 7 5,766

Jingtian Gongcheng Law Firm 5 6 5.2 5.6 (0.4) 3 5,117

Beijing Grandway Law Offices 7 7 4.9 - - - 4,824

Beijing Deheng Law 8 8 4.8 0.6 4.2 37 4,673

Beijing JunZeJun Law Offices 4 9 4.0 1.3 2.7 20 3,931

Dacheng Law Office 6 10 3.7 1.0 2.7 27 3,595

Beijing Tianyin Law Firm 4 11 2.9 0.2 2.7 60 2,851


Tian Yin Law Firm 2 13 2.7 2.0 0.7 14 2,649

Beijing Kang Da Law Firm 5 14 2.7 2.0 0.7 16 2,619


Allbright Law Office 4 16 2.2 4.4 (2.2) 5 2,184

Chen & Co 2 17 1.5 3.3 (1.8) 11 1,478

C&T Partners 2 18 1.3 1.2 0.1 23 1,327

Hunan Qiyuan Law Firm 3 19 1.2 1.2 - 24 1,207

China Commercial Law Co 3 20 1.2 0.1 1.1 76 1,190

TOTAL 100% 100% 147 98,359 269,383

Includes all eligible initial public offerings from Chinese issuers that are listed on Shanghai and Shenzhen Stock Exchanges.

Treats first time share sales in China A-shares as IPO. Volume in CNY millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM











Beijing Kang Da Law Firm 5 14 2.7


Beijing Tianyin Law Firm 4 11 2.9



Allbright Law Office 4 16 2.2

Hunan Qiyuan Law Firm 3 19 1.2

China Commercial Law Co 3 20 1.2

GF Law Firm Shanghai 3 21 1.1

Tian Yin Law Firm 2 13 2.7

Chen & Co 2 17 1.5

TOTAL 100% 147


Bloomberg


India Equity IPO Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

INR (Bln)

20112012

FIRM

Legal League Tables

Ranked by Volume



J Sagar Associates 1 3 9.7 - - - 7


Khaitan & Co 2 5 2.1 - - - 1

Kanga & Co 1 6 0.8 5.1 (4.3) 4 1

Lakshmmi Subramanian & Associates 2 7 0.4 - - - 0

Mindspright Legal 1 8 0.4 1.6 (1.2) 12 0

Entete Legale 1 9 0.1 - - - 0

Bharat Kumar Joshi & Associates 1 10 0.1 - - - 0

Legaleye Associates 1 11 0.1 - - - 0

Rajeev Goel & Associates Advocates & Con 1 12 0.1 0.9 (0.8) 16 0

Hemant Sethi & Co 1 13 0.1 2.1 (2.0) 7 0

Hasurkar Associates 1 14 0.1 - - - 0

Deven Dwarkadas & Partners 1 15 0.1 - - - 0

TOTAL 100% 100% 21 69 59

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM



Khaitan & Co 2 5 2.1

Lakshmmi Subramanian & Associates 2 7 0.4


J Sagar Associates 1 3 9.7


Kanga & Co 1 6 0.8

Mindspright Legal 1 8 0.4

Entete Legale 1 9 0.1

Bharat Kumar Joshi & Associates 1 10 0.1

Legaleye Associates 1 11 0.1

Rajeev Goel & Associates Advocates & Con 1 12 0.1

Hemant Sethi & Co 1 13 0.1

Hasurkar Associates 1 14 0.1

Deven Dwarkadas & Partners 1 15 0.1

TOTAL 100% 21


Bloomberg


India Equity IPO Manager Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

INR (Bln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Luthra & Luthra Law Offices 2 1 36.9 19.3 17.6 4 23

Milbank Tweed Hadley & McCloy LLP 1 2 32.6 - - - 20

Jones Day 2 3 9.6 - - - 6

Amarchand Mangaldas & Suresh A Shroff 1 4 5.3 - - - 3

DLA Piper LLP 1 5 4.9 30.6 (25.7) 1 3

S&R Associates 1 5 4.9 21.3 (16.4) 2 3

Dorsey & Whitney 1 7 3.2 - - - 2


White & Case LLP 1 8 1.4 - - - 1

TOTAL 100% 100% 6 63 29

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM



Jones Day 2 3 9.6




S&R Associates 1 5 4.9




TOTAL 100% 6


Bloomberg


Malaysia Equity IPO Issuer Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

MYR (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Albar & Partners 1 1 17.1 6.9 10.2 4 3,477

Azmi & Associates 1 1 17.1 - - - 3,477




Shearn Delamore & Co 1 6 3.6 - - - 734

Akol Avukatlik Burosu 1 7 3.4 - - - 700

Allen & Gledhill 1 7 3.4 5.5 (2.1) 7 700




Azman Davidson & Co 2 12 0.8 0.6 0.2 14 165

Mah-Kamariyah & Philip Koh 1 13 0.4 - - - 86

Shook Lin & Bok 1 14 0.2 - - - 45

Jeff Leong Poon & Wong 2 15 0.2 - - - 38

Enolil Loo 1 16 0.1 - - - 30

Shahrizat Rashid & Lee 1 17 0.1 - - - 27

Wong Beh & Toh 1 18 0.1 - - - 21

TOTAL 100% 100% 13 20,334 6,478

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

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM



Azman Davidson & Co 2 12 0.8







Akol Avukatlik Burosu 1 7 3.4





Mah-Kamariyah & Philip Koh 1 13 0.4


Enolil Loo 1 16 0.1

Shahrizat Rashid & Lee 1 17 0.1

Wong Beh & Toh 1 18 0.1

TOTAL 100% 13


Bloomberg


Malaysia Domestic Bonds Manager Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

MYR (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Zaid Ibrahim & Co 80 1 35.1 16.6 18.5 2 38,980

Adnan Sundra & Low 83 2 27.7 26.9 0.8 1 30,800

Albar & Partners 85 3 10.7 4.2 6.5 8 11,928

Mohamed Ridza & Co 8 4 5.2 - - - 5,800


Zul Rafique & Partners 32 6 4.7 13.6 (8.9) 3 5,180

Shook Lin & Bok 30 7 3.7 4.9 (1.2) 5 4,075

Christopher Lee & Co 34 8 2.5 - - - 2,790

Hisham Sobri & Kadir 9 9 1.6 1.2 0.4 13 1,800

Baker & McKenzie 4 10 0.8 3.9 (3.1) 9 867

Jeff Leong Poon & Wong 8 11 0.7 1.7 (1.0) 12 760

Rahmat Lim & Partners 1 12 0.5 - - - 600

Azmi & Associates 2 13 0.4 2.1 (1.7) 11 500

Lee Perara & Tan 1 14 0.4 3.7 (3.3) 10 470

Soo Thien Ming & Nashrah 5 15 0.3 0.2 0.1 17 385

Allen & Overy LLP 1 16 0.3 - - - 325

Abdullah Chan 3 17 0.3 - - - 290

Raja Eleena Siew Ang & Associates 4 18 0.1 0.2 (0.1) 16 110

Shearn Delamore & Co 10 19 0.1 4.5 (4.4) 6 80

TOTAL 100% 100% 448 111,190 61,338

Includes all eligible bonds deominated in MYR. Excludes issues that are callable or puttable and mature in less than 12

months. Volume in MYR Millions.

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM






Christopher Lee & Co 34 8 2.5





Mohamed Ridza & Co 8 4 5.2


Soo Thien Ming & Nashrah 5 15 0.3


Raja Eleena Siew Ang & Associates 4 18 0.1

Abdullah Chan 3 17 0.3


Rahmat Lim & Partners 1 12 0.5

Lee Perara & Tan 1 14 0.4


TOTAL 100% 448


Bloomberg


Asia ex-Japan Loans Lender Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Baker & McKenzie 79 1 10.5 8.0 2.5 2 19,721


Allen & Overy LLP 44 3 9.6 5.3 4.3 4 18,014

Lee & Ko 61 4 7.3 4.3 3.0 7 13,674

Allen & Gledhill 9 5 6.5 2.1 4.4 14 12,132

Amarchand Mangaldas & Suresh A Shroff 22 6 5.5 8.8 (3.3) 1 10,203

Luthra & Luthra Law Offices 7 7 3.4 5.9 (2.5) 3 6,322

Linklaters LLP 15 8 3.0 4.4 (1.4) 6 5,556

Kim & Chang 27 9 2.9 2.6 0.3 12 5,509

White & Case LLP 11 10 2.3 1.9 0.4 17 4,259

Norton Rose LLP 14 11 2.1 4.6 (2.5) 5 3,984

Albar & Partners 9 12 1.8 1.0 0.8 24 3,298

Shin & Kim 13 13 1.7 0.9 0.8 26 3,174

Mayer Brown LLP 14 14 1.6 3.8 (2.2) 8 3,005

Chen & Associates Attorneys at Law 22 15 1.5 1.9 (0.4) 18 2,777

Adnan Sundra & Low 5 16 1.5 0.5 1.0 40 2,748


Mohamed Ridza & Co 1 18 1.3 - - - 2,525

Khaitan Sud & Partners 4 19 1.2 - 1.2 129 2,190

Russin & Vecci Intl Legal Counsellors 11 20 1.2 1.6 (0.4) 19 2,179

TOTAL 100% 100% 628 187,055 176,335

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM



Lee & Ko 61 4 7.3





Chen & Associates Attorneys at Law 22 15 1.5

Taiwan Commercial Law Offices 16 26 0.8


Vincible Law Office 15 27 0.7



Shin & Kim 13 13 1.7


Russin & Vecci Intl Legal Counsellors 11 20 1.2




Chung FA Law Office 8 55 0.2


TOTAL 100% 628


Bloomberg


Asia ex-Japan Loans Borrower Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Allen & Overy LLP 8 1 7.8 3.0 4.8 10 7,596

Kim & Chang 23 2 7.1 7.4 (0.3) 3 6,904

Lee & Ko 16 3 6.6 3.6 3.0 9 6,386

Baker & McKenzie 17 4 5.8 8.6 (2.8) 1 5,615

Amarchand Mangaldas & Suresh A Shroff 2 5 5.2 0.1 5.1 80 5,103

WongPartnership LLP 6 6 5.0 0.6 4.4 31 4,881




Chen & Associates Attorneys at Law 15 10 2.9 0.4 2.5 40 2,785

Adnan Sundra & Low 1 11 2.6 0.1 2.5 70 2,525

Albar & Partners 4 12 2.5 0.1 2.4 69 2,437

White & Case LLP 6 13 2.4 - - - 2,325

Skadden Arps Slate Meagher & Flom 2 14 2.4 - - - 2,310

Mayer Brown LLP 4 15 2.1 1.9 0.2 18 2,083

Luthra & Luthra Law Offices 4 16 2.1 4.0 (1.9) 7 2,064


Allen & Gledhill 6 18 1.9 5.6 (3.7) 5 1,890

Russin & Vecci Intl Legal Counsellors 3 19 1.8 - - - 1,764

Linklaters LLP 10 20 1.8 4.0 (2.2) 8 1,706

TOTAL 100% 100% 273 97,409 77,834

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM




Lee & Ko 16 3 6.6

Chen & Associates Attorneys at Law 15 10 2.9




Vincible Law Office 8 38 0.5

Shin & Kim 7 23 1.2




Yulchon 6 47 0.4

Watson Farley & Williams 5 25 1.0

Chung FA Law Office 5 57 0.2





Bae Kim & Lee 4 42 0.4

TOTAL 100% 273


Bloomberg


Australia/NZ Loans Lender Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Herbert Smith Freehills LLP 18 1 21.3 14.6 6.7 3 15,379

Allens 33 2 19.6 - - - 14,128


Minter Ellison 14 4 9.7 5.3 4.4 5 6,991

King & Wood Mallesons 17 5 9.1 - - - 6,573

Clayton Utz 6 6 4.8 5.5 (0.7) 4 3,480

Ashurst LLP 10 7 4.4 3.5 0.9 8 3,161

Buddle Findlay 9 8 2.6 0.5 2.1 16 1,906

Gilbert + Tobin 1 9 2.3 1.5 0.8 14 1,653

Russell McVeagh 8 10 1.5 3.6 (2.1) 7 1,098

Linklaters LLP 6 11 1.5 - - - 1,062

Bell Gully 3 12 1.2 3.4 (2.2) 9 874

Corrs Chambers Westgarth 2 13 1.1 3.2 (2.1) 10 780

Allen & Overy LLP 3 14 0.9 3.7 (2.8) 6 623

Chapman Tripp 5 15 0.8 1.9 (1.1) 12 588

Henry Davis York Lawyers 1 16 0.6 0.3 0.3 17 448

DLA Piper LLP 1 17 0.4 - - - 286

Simpson Grierson 2 18 0.4 - - - 265

Mayne Wetherell 1 19 0.3 1.6 (1.3) 13 239

HWL Ebsworth Lawyers 1 20 0.3 - - - 214

TOTAL 100% 100% 135 72,252 96,057

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM


Allens 33 2 19.6



Minter Ellison 14 4 9.7

Ashurst LLP 10 7 4.4

Buddle Findlay 9 8 2.6

Russell McVeagh 8 10 1.5

Clayton Utz 6 6 4.8




Bell Gully 3 12 1.2


Corrs Chambers Westgarth 2 13 1.1

Simpson Grierson 2 18 0.4

Gilbert + Tobin 1 9 2.3

Henry Davis York Lawyers 1 16 0.6


Mayne Wetherell 1 19 0.3

HWL Ebsworth Lawyers 1 20 0.3

TOTAL 100% 135


Bloomberg


Australia/NZ Loans Borrower Advisers

1/1/12 - 12/31/12

RANK MKT

SHARE

DEAL

COUNT

MKT

SHARE

RANK

MKT

SHARE

CHG (%)

VOLUME

USD (Mln)

20112012

FIRM

Legal League Tables

Ranked by Volume

Allen & Overy LLP 7 1 28.5 0.4 28.1 21 20,857

Herbert Smith Freehills LLP 15 2 13.1 22.4 (9.3) 1 9,613

Allens 17 3 11.9 - - - 8,712

King & Wood Mallesons 12 4 10.6 - - - 7,766

Minter Ellison 14 5 4.1 8.6 (4.5) 4 2,988


Ashurst LLP 5 7 3.7 1.7 2.0 12 2,726

Clayton Utz 6 8 2.5 5.0 (2.5) 5 1,830

Gilbert + Tobin 4 9 2.5 1.2 1.3 14 1,821

Baker & McKenzie 5 10 2.4 2.1 0.3 9 1,757

White & Case LLP 1 11 1.8 - - - 1,306

Arnold Bloch Liebler 4 12 1.5 1.0 0.5 15 1,124

Chapman Tripp 6 13 1.4 1.5 (0.1) 13 1,008

Corrs Chambers Westgarth 4 14 1.4 4.2 (2.8) 6 1,005

Simpson Grierson 3 15 1.3 - 1.3 35 976

Thoneman Robertson Thompson 1 16 1.1 - - - 838

Russell McVeagh 3 17 1.1 3.9 (2.8) 7 791

Bell Gully 2 18 0.9 2.3 (1.4) 8 627

Linklaters LLP 1 19 0.8 - - - 593

ABL 4 20 0.8 - - - 563

TOTAL 100% 100% 127 73,228 90,704

1/1/12 - 12/31/12

DEAL

COUNT

MKT

SHARE

RANK

2012

FIRM


Allens 17 3 11.9


Minter Ellison 14 5 4.1



Clayton Utz 6 8 2.5


Ashurst LLP 5 7 3.7


Gilbert + Tobin 4 9 2.5

Arnold Bloch Liebler 4 12 1.5

Corrs Chambers Westgarth 4 14 1.4

ABL 4 20 0.8

Simpson Grierson 3 15 1.3

Russell McVeagh 3 17 1.1

Bell Gully 2 18 0.9

Buddle Findlay 2 21 0.8


Johnson Winter & Slattery 2 23 0.5


TOTAL 100% 127


Legal Advisor League Criteria

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.

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

Fixed Income

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

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

New money portions of exchange offers will be eligible for credit.

Exclusions: Accredited investor tranches, asset-backed issues, auction note agencies, collateralized bond obligations, collateralized loan obligations, commercial paper, municipal bonds, mortgage-backed issues, remarketed issues, repackaged bonds, government borrowing scheme retained bonds, variable principal redemption issues, variable interest equity-linked issues, and credit linked notes, selling group agency issues, strips, units, warrants, tax counsel.

Equities

Equity market transactions: initial public offerings, additional offerings of common stocks, units, and depositary receipts (ADRs, GDRs, etc) and rights offerings. Exclusions: Non-underwritten/best efforts, privately placed transactions, funds, preferred offerings, pre-negotiated offerings, tax counsel. Note: Criteria may vary for some local and/or regional table. Full versions of Bloomberg’s League Tables Standards & Guidelines can be accessed on Bloomberg Professional: {IDOC 2027014 <GO>}: Legal Adviser Fixed Income {IDOC 2021549 <GO>}: Legal Adviser Equity {IDOC 2016703 <GO>}: Fixed Income {IDOC 2016701 <GO>}: Equity {IDOC 2065648 <GO>}: Syndicated Loans {IDOC 2027097 <GO>}: Equity Linked {IDOC 2061504 <GO>}: Structured Note

Documents

GLOBAL LEGAL ADVISER - Osler, Hoskin & Harcourt legal adviser.pdfGlobal Legal Adviser U.S. Legal Adviser Canada Legal Adviser EMEA Legal Adviser Asia Legal Adviser Bloomberg 2012 0