A&O Shearman continues to run a strong investment-grade DCM practice with issuer and underwriter representation in major transactions across several industries, such as the financial services, chemicals, life sciences, TMT and energy sectors, amongst others. Standout work from the team includes advising IBM on offerings totaling $4.75bn. Lona Nallengara advises corporations and financial institutions on public and private offerings, and Richard Alsop‘s expertise includes IPOs and convertible bonds. Bill Nelson and Taylor Landry are two key names from the Houston office, noted for their work in the energy space. Erika Kent and Ryan Robski are two names to watch, serving leading roles in several transactions. Ilya Mamin provides key support along with Katya Bogdanov. Michael Kim joined the team in April 2025. All lawyers mentioned above are based in New York unless otherwise stated. Ilir Mujalovic departed the team in February 2026.

Baker Botts L.L.P.‘s capital markets team continues to advise both issuers and underwriters on high-value investment-grade offerings. Much of its work originates from the energy sector, but the firm also engages with clients in the transport, construction and retail sectors. The practice falls under the firm’s corporate department, which is headed by Dallas-based Samantha Hale Crispin. Douglas Getten is an experienced advisor to exploration and production companies and midstream businesses, while also being active in the oil field services sector. Although stepping back from leading the practice, Joshua Davidson remains active. Travis Wofford and Eileen Boyce are also key names in the practice. Evan Koster is a key member out of the New York office. All lawyers mentioned are based in Houston unless otherwise specified.

Bracewell LLP's capital markets team is notably active in the energy industry, particularly in oil and gas, infrastructure, power and utilities. Key names in the Houston office are practice head Troy Harder, a key contact for corporate and securities law advice who focuses on corporate finance transactions, and capital markets law expert Shannon Baldwin, who assists on senior notes offerings in the energy market for both companies and underwriters. New York-based Stephen McNamara is a go-to for securities matters. Catherine Hood  recently retired.

Cahill Gordon & Reindel LLP

Cleary Gottlieb Steen & Hamilton continues to represent issuers and underwriters in substantial DCM transactions. The team offers a multi-industry advisory practice on matters including, among others, SEC-registered and Rule 144A/Reg offerings. Its work includes representing Alphabet Inc. through concurrent SEC-registered offerings of senior notes aggregating $17.5bn in US dollars and €6.5bn in euros. Jeffrey Karpf, who became the firm's managing partner in January 2026, remains a key contact for high-profile clients, leveraging his experience in investment-grade offerings, convertibles, and IPOs. David Lopez is noted for representing corporate clients in billion-dollar transactions, and Craig Brod’s expertise includes public offerings and debt financing. Other key lawyers include Adam Fleisher, who specializes in liability management transactions, and cross-border expert Francesca Odell, who is experienced in corporate matters. Shuangjun Wang is another name to note. Lesley Janzen joined the team in November 2024, bringing broad securities offerings expertise. All lawyers mentioned are based in New York.

Cooley LLP maintains an issuer-side practice offering particular expertise on convertible notes offerings. Predominantly operating in the tech and life sciences sectors, the team leverages its California presence to represent clients in these developing industries, including Uber Technologies and Snowflake. Key names out of the San Francisco office are debt financing experts Gian-Michele a Marca and Jason Savich, each having represented notable market players in the aforementioned industries. Santa Monica-based Ellie Seber advises on a broad range of capital markets transactions. Michael Tollini heads the team from Washington DC.

Cravath, Swaine & Moore LLP‘s New York practice continues to represent market-leading clients on a wide spectrum of debt offerings, particularly in acquisition financings, such as representing the underwriters in the offering of approximately $9.2bn of registered notes to finance Johnson & Johnson’s acquisition of Intra-Cellular Therapies. Experienced finance lawyer Craig Arcella maintains a longstanding issuer clientele, as well as representing major international banks in investment-grade deals. Andrew Pitts heads the team, with work encompassing public and private securities offerings for investment banking clients and issuers, as well as convertible securities and liability management transactions. Daniel Haaren‘s experience includes convertible debt issuances and investment-grade debt transactions, the latter also being a part of Nicholas Dorsey‘s practice. Douglas Dolan is another key name in the practice. William Fogg retired in March 2026.

Davis Polk & Wardwell LLP continues to be at the forefront of the DCM space,  advising issuers and underwriters on high-value investment-grade debt offerings. Michael Kaplan's extensive experience includes representing major clients from the tech, telecoms and industrial sectors, and Richard Truesdell advises many prominent banks, as well as clients from the economic sectors on the issuer-side. Both head the practice alongside John Meade, who is experienced in investment-grade transactions in a range of sectors, including telecoms, tech and consumer retail, and Maurice Blanco. Byron Rooney is noted for his work in the tech, fintech and e-commerce sectors, and Derek Dostal is highly regarded in the market. Deanna Kirkpatrick is another notable name in the practice. Alan Denenberg and Emily Roberts, based in the Northern California office, are active in industries including tech and healthcare. Marcel Fausten and Yasin Keshvargar are also key members of the team. All lawyers mentioned are based in New York unless otherwise stated.

Debevoise & Plimpton LLP's New York-based capital markets team continues to operate a strong issuer-focused debt financing practice, advising financial institutions and corporations in a range of financing and capital raising transactions. Paul Rodel represents clients across a range of industries, including financial services, insurance, and healthcare. He leads the practice alongside Steven Slutzky, who is also active across multiple sectors, advising issuers on securities offerings. Matthew Kaplan is another key name to clients for debt offerings. Eric Juergens assists with transactions and regulatory compliance, including SEC rules. Peter Loughran and Benjamin Pedersen are also key names.

Dechert‘s capital markets practice continues to advise issuers from the financial services sector, including business development companies (BDCs). Washington DC-based Harry Pangas is experienced in advising BDCs and specialised investment funds. He co-leads the practice with Boston-based Thomas Friedmann, who advises issuers and investment banks as well as alternative asset managers on accessing capital through instruments such as BDCs and closed-end funds, and Stephen M Leitzell of the Philadelphia office, who is active in the healthcare and tech spaces. Eric S Siegel is another notable contact from the same office. Anna Tomczyk is a key name out of New York, as is Washington DC’s Matthew Carter and Clay Douglas.

Faegre Drinker Biddle & Reath LLP, led by Jonathan Zimmerman, maintains a significant regional capital markets practice in the Central and Eastern US. The team advises financial institutions as well as companies in the biotech, retail and utilities sectors. Practicing out of the Minneapolis office, Dawn Holicky Pruitt continues to counsel clients on fixed and floating-rate debt securities, Rule 144A and Reg S offerings, and liability management transactions. Working from the same office, Brandon Mason offers experience on registered offerings to public companies. Indianapolis-based Griffin Foster is another key name, with expertise in public company reporting obligations.

Freshfields‘ capital markets practice includes a strong focus on the tech sector, where it leverages its presence in California and New York. Sarah Solum, based in Silicon Valley, advises tech companies and investment banks on investment-grade debt and convertible notes offerings. Solum co-heads the practice with Pamela Marcogliese, who splits her time between Silicon Valley and New York, and represents clients in a wide range of capital markets transactions, including shelf registrations and takedowns, convertible offerings, MTN programs and liability management matters. Recent additions to the team include Calise Cheng, moving from Cooley LLP in December 2024, and Erik Gerding, former director of the SEC’s Division of Corporation Finance, who joined in January 2025.

Fried, Frank, Harris, Shriver & Jacobson LLP‘s New York-based capital markets team continues to advise issuers and underwriters on investment-grade transactions, with notable work in the financial services, healthcare, and TMT sectors. Co-head Daniel Bursky‘s debt offerings expertise includes advising issuers on convertible securities and private placements, and investment banks on acquisition financings. Fellow co-head Andrew Barkan is involved in domestic debt offerings, including public offerings and private placements. Joshua Wechsler also co-heads the practice and is experienced in a variety of sectors, particularly healthcare, as well as tech, financial services and TMT. Mark Hayek, Lee Barnum and Monica Thurmond are also active in this space.

Gibson, Dunn & Crutcher LLP continues to maintain a strong issuer-side practice, leveraging its network of offices across the country including in New York, San Francisco, Denver, and Houston to advise issuers across a multitude of sectors such as banking, automotive, and energy. Co-chairing the practice are Peter Wardle and Andrew Fabens, the latter advising major corporate issuers and investment banks in investment-grade debt offerings. They are joined as practice leads by Houston-based lawyers Hilary Holmes, whose experience includes substantial work in the oil, energy and gas sector in the region, and Stewart McDowell, whose expertise includes convertible notes and liability management transactions. Robert Giannattasio is one to watch, representing top financial institutions and companies. Rodrigo Surcan and Denver-based Robyn Zolman are also key names in the team. Michael Saliba was hired from Latham & Watkins and Atma Kabad joined the Houston office from Kirkland & Ellis LLP in March and June 2025 respectively. All lawyers mentioned above are based in New York unless otherwise specified.

Goodwin's capital markets practice advises on convertible debt and high-grade bond issuances, with notable work in the real estate sector. Boston-based practice head James Barri is noted for his impressive work in the convertible debt space and is often found in the tech and life sciences industries, as well as advising major underwriters. He leads the practice with Ettore Santucci in Boston, who advises publicly traded REITs and real estate operating companies on securities. Both located in New York, John Servidio's expertise includes convertible note offerings and related derivative transactions, and Audrey Leigh assists clients in corporate finance matters.

Hogan Lovells US LLP‘s issuer-focused DCM practice leverages its government regulation expertise to advise on debt offering structures, compliance, disclosure issues, and SEC filings. Stuart Morrissy heads the practice from New York, and is a key contact for convertible notes offerings and liability management transactions. Out of Northern Virginia, Kevin Greenslade assists with Rule 144A and public investment-grade debt offerings. Washington DC-based securities expert Tifarah Allen is a regular advisor to public companies and private equity funds. Meredith Hines is another notable figure in the New York team, while Eve Howard supports from the Washington DC office.

Hunton Andrews Kurth LLP advises issuers and underwriters in large financing arrangements, with much of its work focused on energy, power and utilities, and REITs. Michael Fitzpatrick and Steven Friend, each located in New York, offer advice on an array of securities transactions in the utilities sector. Co-head Peter O’Brien, who likewise is based in New York, regularly represents key market players in the utilities market and spearheads large DCM transactions. Also leading the practice are Philip Haines and Robert K. Smith, who are located in Houston and Washington, DC, respectively. Houston-based Jordan Hirsch is a key name for energy matters. James Davidson recently left the firm.

King & Spalding‘s capital markets team advises clients on a range of capital-raising transactions, including private placements, Rule 144A offerings, and convertible debt offerings. The group is led by Keith Townsend and Elizabeth Morgan, based in Atlanta and New York respectively, who represent public and private companies across a number of sectors, including energy, real estate, and retail. Also leading the practice out of Atlanta is Cal Smith. Other key names active in the practice are Houston’s Jonathan Newton and Trevor Pinkerton, Zachary Davis from Atlanta, and Kevin Manz in New York. Daniel Nam joined the team in March 2026.

Kirkland & Ellis LLP advises private equity firms, their portfolio companies, and public companies on issuer-side matters, in addition to handling some underwriter-side work. Sophia Hudson in New York represents public companies in investment-grade and convertible debt offerings, as well as private placements of convertible securities. Christian Nagler, also based in New York, is a very active figure in the debt offering space and a key member of the team. Chicago-based lawyer Robert Hayward is a key contact for investment-grade debt offerings and private financings. Joshua Korff of the New York office is another notable name in the practice, along with Houston's Matthew Pacey and Rachel Sheridan out of Washington DC.

Latham & Watkins maintains a well-established capital markets practice, advising issuers and underwriters on multiple, significant investment-grade and convertible debt offerings, including notable transactions for financial institutions. New York-based practice co-head Stelios Saffos serves as an advisor to private equity sponsors, asset managers, and financial institutions. Also in New York is Marc Jaffe, a respected name in the capital markets space, representing companies, investment banks, and private equity and other investors. Ian Schuman also co-leads the practice in New York and is a key contact for global brands on complex debt transactions. Andrew Blumenthal is recognized for his work on convertible note offerings. Brittany Ruiz, who splits her time between Los Angeles and New York, can be seen in the tech, consumer retail, and healthcare sectors. Also dividing his time between these offices, experienced convertible debt expert Gregory Rodgers is a key and active member of the practice. John Sobolewski joined the New York team from Wachtell, Lipton, Rosen & Katz in February 2025, being appointed as one of the practice co-heads in the process. Corey Wright departed in July 2025.

Mayer Brown‘s New York-based capital markets practice continues to advise on a range of debt transactions for both issuers and underwriters, with particular expertise in the financial services industry where it represents major banking, investment and asset management entities. Its work includes representing clients on investment-grade and convertible debt offerings, as well as SEC-registered, fixed-to-floating rate, and Reg S/144A offerings offerings. Anna Pinedo leads the team and is an experienced advisor to financial institutions. especially in relation to transactions connected to the financial services, life sciences and REIT sectors. Ryan Castillo is an active member of the team with notable contributions to corporate finance transactions. David Bakst is a key contact for investment banking firms, as well as pension funds and asset managers. Jerry Marlatt is noted for his commercial paperwork, particularly in relation to covered notes. Anna Ren and Marc Leong are ones to watch.

McGuireWoods LLP‘s issuer-side DCM practice involves advising clients from the utilities and industrials sectors, as well as financial institutions, on a range of debt offerings, particularly senior notes offerings. Practice head W Lake Taylor Jr, working out of the Richmond office, is an experienced advisor to public companies for a range of securities offerings and liability management transactions. Barlow Mann is a key contact for securities transactions. Previous head Greg Kilpatrick assists with private and public debt offerings, Richard Viola offers clients corporate finance expertise. All lawyers mentioned are based in Charlotte unless otherwise stated.

Based in New York, Milbank's capital markets team offers clients advice on debt offerings, SEC and general regulatory compliance. The team's work includes representation of the underwriters in connection with several high-value offerings from Verizon. Practice head Jonathon Jackson is one to watch, offering expertise in convertible and hybrid note offerings and advising on deals coming from a variety of sectors, including tech, energy, telecoms and retail. Rod Miller is a key contact for investment banks, especially in relation to M&A financings. Brett Nadritch's expertise includes investment-grade and structured finance transactions. Paul Denaro is also active in the capital markets space. Previously at Cleary Gottlieb Steen & Hamilton, Adam Brenneman joined in May 2025.

Morrison Foerster‘s capital markets practice, headed by Justin Salon in Washington DC, is active on issuer-side transactions, especially in the real estate and financial services sectors. Also in DC is Emily Beers, a notable name in the practice who has taken a leading role in a number of transactions. New York-based John Owen is experienced in investment-grade offerings. Also active in the practice are Scott Lesmes and Andy Campbell in DC, and Larry Medvinsky in New York.

O'Melveny offers counsel on capital-raising transactions to clients from a range of industries, including issuers in the TMT and energy sectors. Its advice also extends to financial services clients, such as investment banks. Practice head Jeeho Lee, based in New York, is experienced in investment-grade issuances and liability management. From the same office, David Ni rejoined the team from Sidley Austin LLP in December 2024. Key names from the San Francisco office include Brophy Christensen and Ryan Coombs.

Orrick, Herrington & Sutcliffe leverages its East and West Coast presence to deliver standout work in the tech and life sciences sectors. Albert Vanderlaan leads the practice in Boston, supporting emerging tech and life sciences companies, and Brett Cooper in San Francisco is another leading figure in the practice owing to his vast experience in SEC-registered and Rule 144A public offerings.  Bill Hughes, also in San Francisco, advises public and late-stage private companies. Jamie Evans, out of Seattle, has represented market leaders in the tech space, and New York-based lawyer Alice Hsu is experienced in the energy industry. Mark Mushkin is one to watch.

Paul, Weiss, Rifkind, Wharton & Garrison LLP‘s capital markets group handles issuer-side matters for a range of investment-grade and convertible debt offerings for clients in various sectors, including financial services, consumer, and industrial/manufacturing, among others. John Kennedy, who advises on a variety of public and private securities offerings, leads the team with Gregory Ezring and Brian Janson. Two other key figures in the practice group are Timothy Cruickshank and Luke Jennings, the latter providing debt and hybrid capital markets expertise to alternative asset managers. All of the lawyers named are based in New York.

Pillsbury Winthrop Shaw Pittman LLP advises issuers and underwriters in capital markets transactions, with particular activity in the tech, energy and financial services sectors. Jeffrey Delaney advises on debt offerings and liability management transactions, and heads the practice in New York alongside David Baxter, with Christopher Wing also a key name. From Silicon Valley, Christina Pearson and Davina Kaile also lead the practice, while Stephanie Langan and Alexandra Calcado are key figures in the same office.

Sidley Austin LLP continues to represent clients in securities offerings across several sectors, including insurance, banking, healthcare, and life sciences. New York-based practice head Samir Gandhi has vast experience in representing clients in public offerings and private placements. Also in New York, Robert Ryan is an advisor on investment-grade debt and structured notes, and Edward Petrosky's expertise includes convertible and exchangeable notes, along with senior and subordinated debt securities. Frank Rahmani in Palo Alto represents emerging companies and investors in the tech and life sciences sectors. Natalie Karam joined the team in San Francisco from Cooley LLP in December 2024, and Johnny Skumpija departed in October 2025.

Simpson Thacher & Bartlett LLP remains a go-to for issuers and underwriters in high-value debt offerings, including in investment-grade debt offerings and structured finance. Among its top work is its representation of underwriters, led by JP Morgan, in connection with DoorDash's debut $2.75 billion convertible senior notes offering. The team is co-led by New York-based lawyers Kenneth Wallach, who advises corporate and investment banking clients, and Roxane Reardon, who has notable work in the e-commerce, manufacturing and healthcare sectors, particularly on the underwriter's side. Joshua Ford Bonnie in Washington DC also co-leads the practice. David Azarkh, also in New York, is a key name in the team, with experience in investment-grade debt offerings and liability management transactions in addition to his expertise in covenant terms and disclosure matters. Other names to note in the New York office are Hui Lin and Marisa Stavenas. William Brentani and Daniel Webb, located in the Palo Alto office, are recognized for their work in the tech sector, while Houston's Brian Rosenzweig focuses on energy matters. Niels Jensen joined the New York team from Vinson & Elkins LLP in April 2025. Arthur Robinson retired in December 2024.

Skadden, Arps, Slate, Meagher & Flom LLP's capital markets practice, based in New York, continues to deliver advice to issuers and underwriters on private and public financings. Ryan J. Dzierniejko leads the practice and is a financing expert. Michael Schwartz's work includes advising on equity-hybrid securities and investment-grade debt offerings, as well as complex refinancing transactions. Laura A. Kaufmann is noted for her work with a diverse roster of clients, including corporate names, financial sponsors, REITs and investment banks. Dwight Yoo has considerable expertise in the insurance sector, particularly in relation to fintech, and Michael Hong is experienced in the energy sector. David Goldschmidt also remains active in the practice.

Troutman Pepper Locke LLP advises on a broad range of securities offerings, including offerings of convertible or exchangeable securities, investment-grade offerings and Rule 144A offerings. The team is co-led by Richmond-based David Meyers, who is a key contact for public companies for securities regulation compliance, and David Ghegan out of Atlanta. Eric Koontz, who also works out of the Atlanta office, regularly acts as lead counsel on a range of debt and hybrid securities transactions.

Vinson & Elkins LLP‘s capital markets practice continues to represent issuers and underwriters in debt transactions, particularly in the clean energy/energy transition industry and financial services sectors. Based in Denver and Houston, Sarah Morgan is a leading figure in the practice, as are Houston’s David Oelman and Douglas McWilliams. Jackson O’Maley, also in the Houston office, is a standout name in the team. Katherine Frank, out of Dallas, advises clients on registered offerings and private placements of debt, and Thomas Zentner is a key name out of Austin for energy-sector-related transactions. Ramey Layne, who splits his time between the Denver and Houston offices, is noted for his work with SPACs and publicly traded MLPs.

Weil, Gotshal & Manges LLP maintains a strong practice in the capital markets space, advising issuers and underwriters on a range of debt transactions, particularly regarding investment-grade debt and acquisition financing. Alexander Lynch leads the New York-based practice alongside Michael Hickey, the latter leveraging his prior in-house experience at a major investment bank to advise top financial institutions on transactions such as investment-grade debt offerings, and tender and exchange offers. Investment-grade debt offerings experts Merritt Johnson and Barbra Broudy also offer advice on liability management and acquisition finance transactions respectively, while Corey Chivers advises clients from a range of sectors including aviation, entertainment and manufacturing. Heather Emmel and Ashley Butler are also key members of the team.

White & Case LLP's practice provides issuers and underwriters with an extensive service, leveraging its sizable domestic on-ground presence in New York, Houston and Miami, along with its vast global network of offices, to advise on large-scale domestic and cross-border offerings. This service extends to clients from a range of industries, including energy, gaming, and retail, among others. Operating from New York, experienced lawyer Andrew Weisberg is active in a range of sectors, including energy, mining, industrial, consumer product, and financial services. Also located in New York are A.J. Ericksen, an expert in the energy sector, and Rafael Roberti, a key contact for cross-border transactions. Leading the practice from the same office is Gary Kashar. Laura Katherine Mann is a pivotal member of the Houston office, particularly in the digital asset and consumer and retail sectors.

Willkie Farr & Gallagher LLP continues to advise clients on investment-grade and convertible debt offerings, with particular experience in SEC-registered and Rule 144A offerings. Edward Best, based in Chicago and New York, is experienced in debt, convertible, and hybrid securities offerings as well as liability management transactions, with notable work for financial institutions and intermediaries. Also leading the practice are New York-based lawyers Cristopher Greer and Gregory Astrachan, the latter offering international securities law expertise to domestic and international clients. John Ablan is another key name out of the Chicago office.

WilmerHale remains active in the life sciences and tech sectors, as well as representing clients in the financial services industry. Boston-based Molly Fox is noted for acting for clients in public offerings and representing public companies. Also active in the practice is fellow Boston lawyer Ben Kelsey, as well as Andrew Langworthy and Katharine Patterson, who are both based in New York. Heading the practice are Brian Johnson and Lisa Firenze, both in New York, Judith Hasko of the Palo Alto office, and Boston's Mick Bain.

Winston Taylor continues to advise issuers and underwriters in transactions spanning a wide range of sectors, including consumer products, energy, telecoms and tech. Houston-based Mike Blankenship co-chairs the capital markets practice alongside New York-based David Sakowitz, whose practice includes both issuer and underwriter advisory work. Justin Hoffman practices out of both aforementioned offices and is experienced in advising energy clients on securities offerings and acquisition financings. Keerthika Subramanian operates out of Chicago, Charlie Haag out of Dallas, and Sey-Hyo Lee out of New York.