A&O Shearman houses a comprehensive range of capital markets and securities expertise that also spans ECM work. Through Olivier Thébault, the team has a strong involvement acting for banks while also advising issuers on a complete range of transactions: rights offering, share capital increase as well as convertible and delisting deals.

Cleary Gottlieb Steen & Hamilton has an experienced team and is sought out by for major ECM deals. The team is regularly called upon to advise on IPO projects on Euronext Paris and also assists leading companies with rights offering and convertibles matters, while its range of expertise also extends to high-end public M&A deals. The practice is co-headed by the highly regarded John Brinitzer, Marie-Laurence Tibi and Andrew Bernstein.

Clifford Chance often assists leading banks and financial advisers in ECM transactions and also regularly advises issuers. The Paris team, which combines French and US law capabilities, has been particularly active recently advising on deals concerning the German, French, Dutch and Belgium stock markets and is also experienced in advising on share capital increases via private placement deals. Through US securities expert Alex Bafi, the team also handles innovative Rule 144A IPO transactions. The experienced Aline Cardin and counsel Olivier Plessis are other key team members. Anne Lemercier offers collective employees’ shareholder share plan advice to leading companies.

Jones Day combines strong US and French ECM expertise within its Paris office, and has a strong involvement alongside issuers including a number of startups and biotech companies, while also assisting several banks and arrangers. The practice regularly assists clients with share capital increase and IPO transactions and also handles convertible work. On the US front, it assists clients with SEC registration and US private placement needs. The team also stands out for its ability to assist dual-listed French issuers on their US registered Yankee bond programmes. The team is jointly headed by US expert Linda Hesse, Florent Bouyer, and Renaud Bonnet. Charles Gavoty also contributes.

Latham & Watkins often assists private equity investors or their portfolio companies with ECM work, including share capital increase and convertibles work. The team regularly advises on Euronext Paris and Euronext Growth IPOs as well as on squeeze out deals. Practice head Thomas Margenet-Baudry and Roberto Reyes Gaskin, who are both French and US qualified, also regularly advise on US securities matters and on DCM transactions.

Fieldfisher is one of the market’s go-to-firms for small-cap ECM transactions with a strong presence in the life sciences sector alongside biotech, medtech and cleantech companies conducting IPOs on Euronext Growth or share capital increase transactions. Outside the life sciences sector, the team also advises SMEs and some banks. Samuel Pallotto leads the practice, supported by counsel Mathilde Cazé.

Jeantet is recommended for its solid small- to mid-cap transactions expertise that is appreciated by SMEs as well as international investors involved in Euronext Growth IPOs and share capital increase transactions. The team also regularly handles convertible transactions and public M&A and block trading deals. Cyril Deniaud and counsel Benjamin Cohu are the key contacts and Frank Martin Laprade adds complementary litigation expertise.

Linklaters handles ECM, equity linked and US and international capital markets work on behalf of issuers and underwriters. Luis Roth is an expert at advising on securities offerings involving US investors. Of note, Bertrand Sénéchal left the firm early 2024.