Latham Leads H1 2025 Capital Markets League Tables
Latham & Watkins has once again topped the H1 2025 capital markets legal advisor league tables spanning global, US, EMEA, and Asia debt and equity offering categories, underscoring the firm’s excellence across the capital stack. In the first half of the year, the firm’s Capital Markets Practice counseled on US$352.3 billion worth of debt and equity capital markets transactions across the globe.
Latham has led the market in US IPOs for over decade. In the first half of 2025, the firm advised on more than 50% of US IPOs,* and steered the most Technology,* Healthcare,* and Insurance US IPOs by deal count and value (Deal Point Data, H1 2025).
Highlights of Latham’s top rankings include:
Deal Point Data:
- #1 US IPOs: Issuer Legal Adviser by Deal Count*
- #1 US IPOs: Underwriter Legal Adviser by Deal Count and Value*
- #1 US IPOs: Combined Legal Adviser by Deal Count and Value*
- #1 US FPI IPOs: Combined Legal Adviser by Deal Count and Value*
- #1 US Healthcare IPOs: Combined Legal Adviser by Deal Count and Value*
- #1 US Technology IPOs: Combined Legal Adviser by Deal Count** and Value*
- #1 US Insurance IPOs: Combined Legal Adviser by Deal Count and Value
Bloomberg:
- #1 Global Equity, Equity Linked & Rights: Issuer Legal Adviser by Deal Count and Value
- #1 Global Equity, Equity Linked & Rights: Manager Legal Adviser by Deal Count
- #1 Global Equity, Equity Linked & Rights: Combined Legal Advisor by Deal Count and Value
- #1 Global Equity IPO: Manager Legal Adviser by Deal Count and Value
- #1 US Equity Offerings: Combined Legal Adviser by Deal Count
- #1 US Equity Linked: Issuer Legal Adviser by Deal Count and Value
- #1 EMEA Equity IPO: Manager Legal Adviser by Deal Count**
- #1 European Currencies Corporate High Yield Bonds: Issuer Legal Adviser by Deal Count
- #1 European Currencies Corporate High Yield Bonds: Manager Legal Adviser by Deal Count and Value
- #1 European Currencies Corporate High Yield Bonds: Combined Legal Adviser by Deal Count and Value
- #1 EMEA Corporate High Yield Bonds (inc EM): Issuer Legal Adviser by Deal Count and Value
- #1 EMEA Corporate High Yield Bonds (inc EM): Manager Legal Adviser by Deal Count and Value
- #1 EMEA Corporate High Yield Bonds (inc EM): Combined Legal Adviser by Deal Count and Value
- #1 Asia ex-Japan Equity Linked: Manager Legal Adviser by Deal Count and Value
LSEG:
- #1 US Debt, Equity & Equity Related: Issuer Legal Adviser by Deal Count
Dealogic:
- #1 Global ECM Deals: Issuer Legal Adviser by Deal Count* and Value
- #1 Global ECM: Manager Legal Adviser by Deal Count and Value
- #1 Global ECM Deals: Combined Adviser by Deal Count and Value
- #1 Global High Yield Deals: Issuer Adviser by Deal Count and Value
- #1 Global High Yield Deals: Combined Adviser by Deal Count and Value
- #1 US High Yield Deals: Combined Adviser by Deal Count and Value
The Prospect News Convertibles Daily:
- #1 US Convertible Bonds: Issuer Legal Adviser by Deal Count and Value
*Traditional US IPOs exceeding US$75 million in gross proceeds.
**Tied