Weil Gotshal Top Law Firm for U.S. IPOs in First Quarter

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By Che Odom

April 4 — In the first quarter of the year, Weil Gotshal & Manges LLP was the top legal adviser of U.S. issuers of initial public offerings based on volume, according to the latest Bloomberg League Table for global legal advisers.

Weil Gotshal knocked off Cooley LLP, which came in second. Cooley was the top legal adviser of U.S. IPO issuers in the first quarter of 2015.

Only 10 companies have gone public since Jan. 1, which is the slowest start for IPOs since 2009, according to a review of securities filings. The largest IPO this year came from Silver Run Acquisition Corp., which was advised by New York-based Weil Gotshal on its $500 million offering. The Houston-based energy-focused acquisition company began trading on Nasdaq Feb. 24.

Cooley, though second by volume, was first in terms of the number of IPOs completed in the first quarter.

Cooley, headquartered in Palo Alto, Calif., represented the $106 million offering by Avexis Inc., priced in January, and the $45 million offering by Senseonics Holdings Inc., which closed in March.

To contact the reporter on this story: Che Odom in Washington at codom@bna.com

To contact the editor responsible for this story: Yin Wilczek at ywilczek@bna.com

Top U.S. IPO Legal Advisers Ranked by Volume for First Quarter 2016
1 Weil Gotshal & Manges LLP Silver Run Acquisition Corp. $500 million
2 Cooley LLP Avexis Inc., Senseonics Holdings Inc. $151 million
1 Wilmer Cutler Pickering Hale & Dorr LLP Editas Medicine Inc. $109 million
1 Ellenoff Grossman Schole & Cyruli LLP KLR Energy Acquisition Corp. $82 million
1 Latham & Watkins LLP Corvus Pharmaceuticals Inc. $71 million
1 Hogan Lovells US LLP Syndax Pharmaceuticals Inc. $58 million

For More Information

The Bloomberg Global Legal Advisers League Tables are available to Bloomberg Law subscribers at https://goo.gl/auDpEi.