Bloomberg BNA’s Corporate Law & Accountability Report is available on the Corporate Law Resource Center. This news service keeps corporate practitioners informed of legal developments of...
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 firstname.lastname@example.org
To contact the editor responsible for this story: Yin Wilczek at email@example.com
|DEAL COUNT||FIRM||ISSUER(S)||OFFER PRICE(S)|
|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|
The Bloomberg Global Legal Advisers League Tables are available to Bloomberg Law subscribers at https://goo.gl/auDpEi.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)