Capital Markets: Debt & Equity - California
THE FIRM This outstanding team earns the respect of the business community for its representation of leading investment banks and corporates on capital markets offerings of complexity and high value. Recent highlights include advising Morgan Stanley, Credit Suisse Securities, JPMorgan Securities and others as joint book-running managers on the IPO of Splunk. The team also works with leading names like Comcast/NBC Universal, Equinix and E*TRADE Financial.
Sources say: "I would describe the services our company has received as of the highest quality that can be provided." "They have a massive amount of expertise in anything you can come up with."
KEY INDIVIDUALS Bruce Dallas gives clients "world-class, current knowledge and expertise both from a commercial side and a legal side," impressed clients say. He recently represented Texas Instruments in its $3.5 billion SEC-registered debt offering.
The "highly knowledgeable" Alan Denenberg is "thorough but congenial," "really gets things done" and is "incredibly business-savvy," sources note. He heads the Menlo Park office and recently advised Citigroup Global Markets, Goldman Sachs and others as joint book-running managers on a $5 billion SEC-registered debt offering by Intel.
THE FIRM This superb team earns strong market endorsement for its high-quality representation of issuers and underwriters on a range of substantial debt and equity offerings. Recent highlights include representing Amgen on multitranche senior notes offerings in the USA, Europe and the UK with a value of $12 billion. Other notable clients include Spirit Airlines and Intermolecular.
Sources say: "They have a unique way of explaining complicated issues which is useful to the nonlawyer." "They do not manage the client to their timeline, rather they manage themselves to meet our timeline."
KEY INDIVIDUALS The "terrific" Mark Stegemoeller is "one of the deans of the high-yield market," sources say. He frequently advises both investment banks and corporate clients on a wide array of debt and equity offerings.
Market sources describe Scott Hodgkins as "exceedingly practical and highly bright and experienced." He has notable expertise advising clients in the consumer products, real estate and life sciences industries.
Scott Wolfe represents companies and investment banks in public offerings and debt offerings with a focus on the life sciences and hi-tech spheres. He heads the North San Diego office.
The "bright and highly creative" Casey Fleck recently joined the Los Angeles office. He has a formidable reputation for his advice to clients on IPOs, convertible debt offerings, high-yield bonds and investment-grade bonds.
Shayne Kennedy is a "great lawyer and businessperson" who is "good at taking a practical approach," according to commentators. He advised Banc of America Securities on Gilead Sciences' recent multitranche senior notes offering and Skullcandy on its IPO on the NASDAQ.
Steven Stokdyk is "highly knowledgeable and has a steady hand," interviewees note. He is the global cochair of the firm's public company representation practice.
Patrick Pohlen recently represented Intermolecular on its IPO. He has particular expertise advising financial institutions and companies in the technology, life sciences and clean technology arenas.
THE FIRM This team maintains its excellent profile for advising top companies on IPOs, high-yield bonds, investment-grade bonds and convertible debt offerings, with a particular focus on the technology sector. Its client list includes names like Oaktree Capital Management, Hellman & Friedman and Goldman Sachs. Recent highlights include advising the underwriters on the high-profile Facebook IPO and advising KKR Financial Holdings on two senior notes offerings.
Sources say: "Their people are very good across the board."
KEY INDIVIDUALS William Hinman represented the underwriters in Avago's two recent secondary offerings. Commentators regard him as an "outstanding securities lawyer" who has a "fantastic mix of technical expertise and strategic thinking."
William Brentani is "highly technically knowledgeable," "great to work with" and "our needs are his needs," impressed clients say. He recently represented JPMorgan as initial purchaser in the $1 billion senior notes issuance by Air Lease.
Kevin Kennedy represented the underwriters led by Goldman Sachs and Barclays Capital on the IPO of Ceres. Sources say he has "great depth of experience in all facets of capital markets."
THE FIRM This stellar team is exalted by market sources for its prowess in representing private and public companies, investment banks and government entities on the full range of debt and equity transactions. It recently represented Sara Lee in its division into two pure-play publicly traded companies. Other key clients include Westfield Group, Farmers Insurance Exchange and Merrill Lynch.
Sources say: "Skadden anticipated the legal issues, worked proactively to resolve them and patiently explained to third parties all over the world the complexities of this deal."
KEY INDIVIDUALS Gregg Noel is "insightful" and "has an encyclopedic memory for the terms and conditions in our deals." He recently represented a group of initial purchasers led by Merrill Lynch and others on a $700 million high-yield offering by Fidelity National Information Services.
Commentators describe Thomas Ivey as a "highly accomplished and skillful lawyer." His recent highlights include advising Broadcom on its $500 million public offering of 2.7% senior notes.
THE FIRM This team is a frequent and highly respected option for significant issuers and underwriters to advise on IPOs, follow-on offerings and bond issuances. It recently advised Mattel on its $600 million SEC-registered offering of 5.450% and 2.5% senior unsecured notes. The team also advises underwriters including Barclays Bank and First Republic Bank.
Sources say: "They are highly prompt and thorough; practical as well as creative."
KEY INDIVIDUALS Alison Ressler enjoys a fine reputation for her work on a range of capital markets transactions. She recently represented Citigroup Global Markets as representative of the underwriters in the SEC-registered follow-on offering of Penny Mac Investment Trust valued at $200 million in aggregate.
Patrick Brown is "highly practical," "down to earth, approachable and works hard," sources say. He recently represented the underwriters on the $380 million IPO of Oaktree Capital Management.
John Savva is "creative, practical and thorough." He recently advised CNH Capital on its $500 million of high-yield senior unsecured notes.
THE FIRM This team excels at advising issuers, underwriters and sellers in a range of equity and debt transactions, with an impressive presence in the technology sector. Its underwriter clients include big names like JPMorgan Securities and it frequently advises growing corporates on IPOs including recently advising Jive Software on its $161.3 million IPO.
Sources say: "They really know the drill and work very well as a team."
KEY INDIVIDUALS The "highly talented" John Fore is head of the corporate finance practice. He is well known in the market for his representation of technology companies in debt transactions and recently represented Micron in its $1 billion convertible senior notes offering.
Jeff Saper is "hands-on" and does "outstanding work," impressed sources note. His recent highlights include representing Splunk in its $229.5 million IPO.
Katharine Martin advised LinkedIn on its $621.5 million follow-on offering. Sources particularly recommend her expertise in 1934 Act matters.
Larry Sonsini is "a leading light in Silicon Valley," market sources say. He recently represented Tesla Motors in its $152 million follow-on offering.
THE FIRM This team has a superb reputation for representing issuers in the technology and life sciences sectors on equity offerings. It recently advised Zynga on its $1 billion IPO and the underwriters on the $93.6 million IPO of Vocera Communications. Other notable clients include Ardea Biosciences, Amylin Pharmaceuticals and Jazz Pharmaceuticals.
KEY INDIVIDUALS Eric Jensen is praised for his pragmatic and knowledgeable approach to matters. He recently advised Morgan Stanley on LinkedIn's follow-on offering.
Fred Muto is highly valued by sources for his experience in the field. His recent work includes assisting Yelp on its IPO.
Louis Lehot recently joined the team from Sheppard, Mullin, Richter & Hampton. Lehot is applauded for his strong negotiation skills and experience in working with a range of parties, including the SEC.
THE FIRM This team is highly recommended for its work advising technology companies at all stages of their growth and underwriters on the full range of debt and equity transactions. It receives particular acclaim for its representation of clients in IPOs. Recent highlights include representing Facebook in its $18.4 billion IPO. Silver Spring Networks, Exponential Interactive and Proofpoint are other leading clients of this team.
Sources say: "They are an incredibly impressive group of people."
KEY INDIVIDUALS Gordon Davidson has a "terrific skill set," "is really tied in to the top companies in Silicon Valley" and has a "highly balanced approach and a tremendous amount of experience," impressed sources say. He recently represented the cloud computing company ServiceNow on its IPO.
Jeffrey Vetter advised Morgan Stanley on the IPO of Jive. Sources highly commend the excellence of his drafting skills.
THE FIRM Sources commend this team for its wide market knowledge and astute advice on a range of debt and equity transactions. Recent highlights include representing Intel in its $5 billion senior notes public offering. Other key clients include Bally Technologies, Eros International and Pixelworks.
Sources say: "They are incredibly hard-working, thoughtful and quick to provide us with whatever the situation demands."
KEY INDIVIDUALS The highly regarded Jonathan Layne advised Ameristar Casinos on a Rule 144A offering of 7.50% senior notes. He has a good reputation for his debt and equity work among peers in the field.
Douglas Smith is "thoughtful, totally engaged and really took the time to understand the issues and develop his own opinions about things," asserted one impressed client. His recent highlights include advising Wells Fargo on the establishment of a $100 billion global note program for Wells Fargo Bank.
The "thoughtful and knowledgeable" Stewart McDowell is a "creative lawyer who is good at solving problems," enthusiastic clients say. She recently represented Wells Fargo Securities on the public offering of floating-rate notes by Wells Fargo & Company.
THE FIRM This team is held in high esteem for its representation of corporates and underwriters on an array of capital markets transactions including IPOs, offerings of convertible debt, and investment-grade and high-yield debt offerings. The firm represents names like Barclays Capital, eBay and SMART Technologies. Recent highlights include representing Corsair Components on its $97 million IPO.
Sources say: "I am impressed with the level of service and quick response time."
KEY INDIVIDUALS Eric Haueter is "able to overcome issues easily as he has a great breadth of knowledge," avers one impressed source. He represents underwriters and issuers in a range of transactions including recently acting for the underwriters in the $600 million offering of notes by Sempra Energy.
Sharon Flanagan is "highly practical and thoughtful about the issues" and is commended by interviewees for her technical expertise. She recently represented the underwriters in a $359 million offering of common stock and a $450 million offering of senior notes by HCP.
THE FIRM This team enters the rankings this year due to strong market endorsement for its work advising underwriters and corporates on IPOs and debt offerings. The group has excellent presence throughout the state, operating out of offices in Los Angeles, San Diego, San Francisco and Silicon Valley.
KEY INDIVIDUALS Richard Kline is the main contact in the Menlo Park office.
THE FIRM This team represents a balanced array of high-profile companies and underwriters on the full array of debt and equity transactions. Recent highlights include representing Merrill Lynch and Citigroup Global Markets as joint managers and co-managers on the $35 million IPO of Synacor. Other notable clients include Cell Therapeutics, Lions Gate Entertainment and Sabra Health Care.
KEY INDIVIDUALS The highly regarded Peter Healy recently represented the underwriters in AvalonBay Communities' $725.4 million common stock offering.
THE FIRM This team is recognized for its broad experience in capital markets transactions and its notable international capabilities. It represents clients on transactions including IPOs, follow-on offerings, investment-grade, medium-term and convertible notes offerings.
KEY INDIVIDUALS Brett Cooper is a key contact in the San Francisco office.
THE FIRM This team maintains a good reputation for its representation of underwriters and issuers on equity and debt offerings, and has notable expertise in high-yield debt financings. It recently represented Goldman Sachs as lead underwriters on the $70 million IPO of Envivio. Other clients include ROTH Capital Partners, Stifel Nicolaus Weisel and Kratos Defense & Security Solutions.
KEY INDIVIDUALS Jeff Hartlin is a key contact at the firm and divides his time between the Palo Alto and San Diego offices.
THE FIRM This team has noted expertise in advising companies on the full sweep of capital markets transactions, with particular strength in representing emerging companies from inception to IPO. It recently represented Envivio on its IPO. Other key clients include AmeriGas and Banco Latinoamericano de Comercio Exterior.
KEY INDIVIDUALS "Prolific company-side lawyer" Jorge del Calvo is "highly knowledgeable" and "calming and methodical." He recently represented Cafepress in its $85.5 million IPO.
David Snyder advised Petco Animal Supplies on its $1.8 billion leveraged recapitalization transaction. He frequently acts as lead counsel on equity and debt offerings.
Michael Woronoff of Proskauer Rose LLP "puts you in a position to make a good decision," a satisfied client attests. He recently represented GNC Holdings in its $655 million secondary offering of common stock.
Shearman & Sterling LLP's John Wilson is recognized by market sources as a leading light in the field. He recently advised Merrill Lynch and others as joint book-running managers on Amgen's registered offering of $3 billion of investment-grade notes.