Sidley also ranked as number one issuer advisor in U.S. investment grade corporate debt activity.
New York, November 18, 2004 – Sidley Austin Brown & Wood LLP was named the top issuer counsel for the first nine months of 2004 by Thomson Financial in its law firm league tables. Additionally, Sidley ranked first as issuer advisor for U.S. investment grade corporate debt for the same period, with more than double the proceeds and number of issues as the next closest advisor.
Sidley advised issuers on $187.7 billion in total proceeds on 317 transactions, representing a market share of 11.2%. The firm was number two underwriter’s counsel in the same category with nearly $171 billion in deal value from 387 offerings and representing a market share of 9.6%. Sidley earned the number one position as overall debt advisor for issuers, with $49.7 billion in total proceeds.
Of the 28 securities offerings categories tracked by Thomson, Sidley ranked in the top 15 for 20 of them. In the 20 categories in which the firm appears, its market share has increased in 17 of them from the same period last year. Notable rankings include:
- #1 issuer counsel for U.S. debt, equity and equity-related
- #1 issuer counsel for U.S. straight debt, including mortgage-backed securities and asset-backed securities
- #1 issuer counsel for U.S. straight debt, excluding mortgage-backed securities and asset-backed securities
- #1 issuer counsel for U.S. investment grade corporate debt
- #1 manager counsel for U.S. preferred stock
- #2 manager counsel for U.S. debt, equity and equity-related
- #2 manager counsel for U.S. straight debt, including mortgage-backed securities and asset-backed securities
- #2 manager counsel for U.S. investment grade corporate debt
- #2 issuer counsel U.S. mortgage-backed securities
- #2 manager counsel for U.S. asset-backed securities
"Sidley achieved the number one position as overall debt and equity advisor on the issuer side by substantial margins, reflecting a rise in both market share and position from our ranking last year," said Norman Slonaker, a senior corporate partner and member of the firm’s management committee. "The same pattern continues on the manager side, where we ranked a strong number two. This is a very active market period for underwriting transactions, and we are pleased to continue our involvement at the highest levels across a broad range of industries."
One of the world’s largest full-service law firms, Sidley Austin Brown & Wood LLP has more than 1,550 lawyers practicing in 14 domestic and international cities.