Allen & Overy has continued to strengthen its position as a leading adviser in global debt and equity capital markets, advising issuers and managers on 818 deals in 2013 worth $577.2bn (£350bn). This is 133 deals and more than $75bn clear of its closest competitor, according to data from Thomson Reuters.
The results of the league table cement Allen & Overy’s position in Europe, with it once again ranking first in both the EMEA issuer and manager adviser tables for all international bonds. According to the law firm, the figures highlight the extent to which the legal practice continues to lead the market, particularly on the manager side where Allen & Overy is 167 transactions ahead of the next competitor.
The Bloomberg legal league tables of 2013 also serve to underline the legal practice’s expertise, placing Allen & Overy in first place within the Euromarket bonds manager legal advisers with 566 deals worth $320bn. Within the Euromarket high-yield issuer adviser tables (both including and excluding markets), Allen & Overy is also ranked top by volume with transactions worth $28bn, highlighting its distinction in this space.
Additionally, Allen & Overy was recognised for its work on Islamic bonds, particularly on the issuer side where it is rated first by volume of transactions as a whole ($3.88bn), as well as within GCC territories ($3.4bn).