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Sidley Austin Brown & Wood Finishes 2002 as
Top Issuer and Manager
Counsel in Thomson Financial Law Firm League Tables for Corp. Finance
No. 1 advisor for all U.S. debt, equity deals; Sidley
among top 10 firms in 20 of 28 capital market segments
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NEW YORK/CHICAGO (January 23, 2003) – Among
law firms working in the capital markets, 2002 ended as it began,
with Sidley Austin Brown & Wood named Number 1 legal advisor
to both issuers and managers of US corporate debt and equity securities,
according to the just-released corporate finance league tables compiled
by Thomson Financial.
As issuer counsel, Sidley advised on a total of
264 deals in 2002, accounting for $112 billion in proceeds, and
was the only law firm to break the $100 billion mark. As manager
counsel to investment banks, the firm worked on 442 transactions,
raising $175 billion and representing 11% of the market in debt,
equity and equity-related financings for the year.
The latest Thomson league tables track law firm
rankings in 28 different categories of corporate financings –
Sidley held a Top 10 position in 20 of them, including:
Number 1 issuer and manager counsel for U.S. straight
debt, including mortgage and asset-backed securities
Number 1 issuer counsel for US investment grade
debt; Number 2 manager counsel in the same category
Number 1 manager counsel for US asset-backed deals;
Sidley’s $69 billion total represented 16% of the market;
the firm was also the Number 3 issuer counsel in this category
Number 1 manager counsel for US preferred stock,
with 16% market share; the firm was No. 6 issuer counsel
Number 2 manager counsel for US mortgage-backed
securities and Number 3 issuer counsel for the segment
Sidley also took top 10 rank as manager counsel
in worldwide equity issuance; as issuer and manager counsel in US
equity and equity-related financings; as manager counsel for US
common stock; and as issuer and manager counsel in US convertible
offerings, as well as issuer and manager counsel for US straight
debt, excluding mortgage and asset-backed securities.
“The significant drop in interest rates sparked
a large volume of mortgage refinancings,” said Sidley partner
Cathy Kaplan, who co-heads the securitization practice in New York.
And transactions structured to take advantage of market opportunities
also contributed to deal flow, she noted.
“Given the uncertainties in the capital markets
this past year caused by the economy, accounting problems and governance
issues, as well as global uncertainties, we are enormously pleased
to have finished 2002 on top for both corporate issuers and underwriters,”
Ms. Kaplan said. “We hope that many companies will be eager
get back into the markets this coming year.”
To view the Thomson
Financial 2002 year-end law firm league tables
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