Orrick sits atop bond counsel rankings, other firms shuffle spots

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The top bond counsel firms combined for a total of $220.03 billion in 6,077 transactions in the first half of 2021, up from the $191.51 billion in 5,124 deals in the first half of 2020.

Only one firm remained in the same spot they were at this point last year, the rest of the rankings saw big shifts from a year prior.

Orrick
Orrick sign logo on headquarters facade of international law firm Orrick, Herrington & Sutcliffe LLP - San Francisco, California, USA - 2020
MichaelVi - stock.adobe.com

Orrick owns the competition

Orrick Herrington & Sutcliffe LLP led all bond counsel yet, extending its lead from this time last year, with increases across the board.

The firm worked on $26.15 billion in 274 deals for a market share of 11.9%, compared to $21.27 billion in 207 issues and 11.1% share of the market in the first six months of 2020.
Hawkins Delafield & Wood LLP

Hawkins moves up one spot

Hawkins Delafield & Wood LLP moved up to second place from third, totaling $10.39 billion and a market share of 4.7%, compared to $9.17 billion and 4.8% share of the market a year prior.
Norton Rose Fulbright Logo
Anne Richard - stock.adobe.com

Norton Rose rises up one spot

Norton Rose Fulbright moved up to third. The firm accounted for $9.49 billion, or 4.3% market share, compared to $8.84 billion and 4.6% market share in 2020.
Kutak Rock logo

Kutak Rock moves up two spots

Kutak Rock LLP moved up two spots from last year, while seeing increases in all three areas.

The firm had a par amount of $8.05 billion in 234 deals and 3.7% market share in 1H 2021 compared to $6.77 billion in 204 transactions and 3.5% in 1H of 2020.

Stradling Logo

Stradling Yocca rounds out top 5

Stradling Yocca Carlson & Rauth made one of the biggest jumps year-over-year, after coming in 8th place this time last year.

For the first six months of 2021, the firm amassed $7.40 billion and 3.4% market share, compared to $4.96 billion and 2.6%.
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Best of the rest

Rounding out the top 10 are: Chapman and Cutler LLP, who made the biggest jump after coming in 12th at this time last year, finishing 1H 2021 with a total of $6.43 billion; McCall Parkhurst & Horton LLP saw the biggest drop after coming in second at this time last year. The firm finish the first six months of 2021 with $6.31 billion; Nixon Peabody LLP followed with $5.755 billion; Gilmore & Bell PC was next with $5.754; and Ballard Spahr LLP rounds out the top 10 with $4.84 billion.
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