The team at Allen & Overy LLP remains a market leader, bringing deep bench strength to advising major domestic and multinational financial institutions and corporates active in sectors including TMT, aviation, energy, healthcare and real estate, on high-value, multi-jurisdictional transactions. Headed by ECM expert Olivier Thébault and Diana Billik, who specialises in US market transactions, the team’s comprehensive service extends to share capital increases, IPOs, equity-linked transactions, block trades, governance and regulatory compliance.

Cleary Gottlieb Steen & Hamilton's team leverages the deep bench strength of the firm's global network and the experience of its local practitioners to assist a broad client base which includes the French state, major domestic and international financial institutions and corporates spanning such sectors as tech, hospitality, utilities and manufacturing. Led by international capital market transaction specialist John Brinitzer, European securities authority Marie-Laurence Tibi and oil and gas sector expert Andrew Bernstein, the practice's offering extends to multi-jurisdictional IPOs, rights offerings related to acquisition finance, SPACs and share capital increases. Counsel Jeanne Theuret left the firm in September 2022.

Clifford Chance's market-leading practice is at the forefront of high-value, cross-border matters, involving IPOs, SPACs and rights issues, where it is a popular choice for banks and issuers. It has a sizeable leadership team with the practice headed by Alex Bafi, who is an expert in US security transactions; Aline Cardin, who assists French European issuers with public and secondary offerings and corporate governance issues; Jonathan Lewis, who is a key adviser on equity derivatives, equity-linked notes and margin loans; Anne Lemercier, who specialises in compensation and benefits; and Julien Rocherieux, who also contributes experience in international employee share schemes. Olivier Plessis has expertise in SPACs and block trades.

White & Case LLP is well known for its high-end IPO work, ability to link up with its global offices on cross-border deals and its deep bench. It is frequently instructed by major domestic and multinational financial institutions, corporates, insurers and sovereigns. Headed by Séverin Robillard, an expert in matters involving share distribution and preferential subscription rights, the group's active client base spans the transport, automotive, pharmaceutical, real estate and energy sectors. Thomas Le Vert has experience in rights issues, ABB placements and IPOs. Philippe Herbelin, an authority in this area, handles complex transactions in the energy space. Max Turner specialises in placements in the US market. The team was further bolstered by the promotions Olga Fedosova to partner and Tatiana Uskova to counsel in early 2022.

Jones Day provides a one-stop-shop for equity capital markets services for a broad client base of issuers and underwriters and is particularly noted for fielding an ‘excellent team for ECM small and mid-cap transactions’. Headed by the highly regarded Florent Bouyer, Linda Hesse, who is an expert in equity securities and accompanying regulatory matters, and Renaud Bonnet, who has forged a reputation as a start-up specialist, the group assists with high-value IPOs, block trades, share capital increase, public and private placements, convertible bonds and SPACs.

Latham & Watkins leverages its strong global platform to represent a variety of high-profile issuers and underwriters. Headed by Thomas Margenet-Baudry, a public equity offer specialist who is dual qualified as a member of both the Bar in New York and in Paris, the group assists clients with major IPOs, share increases and other complex raisings. Roberto Reyes Gaskin brings expertise to block trades, rights issues and regulatory matters.

Headed by experienced partner Véronique Delaittre, the capital markets team at Linklaters has strength advising key market players in such sectors as healthcare and energy on high-value SPACS and IPOs. The team is supported by Bertrand Sénéchal, who also assists with rights issues and private placements, in addition to regulatory matters. Another key figure is senior associate Cheri De Luca, who is US-qualified and advises on equity-linked bond offerings.

The experienced equity capital markets team at Fieldfisher has strong credentials acting for financial institutions and small, mid-cap and large corporates active in a range of sectors. Led by capital markets specialist Samuel Pallotto and supported by counsel Mathilde Cazé, the group advises clients on IPOs, secondary raisings and various capital increases.

Headed by capital markets expert Hervé Letréguilly, the team at Shearman & Sterling LLP stands for its ‘knowledge of the regulations and their application in practice’. It is a popular choice for multinational financial institutions and corporates. Supported by counsel Séverine De La Courtie, the group assists with multi-jurisdictional IPOs, secondary raisings, rights offerings, equity-linked securities, hybrid securities and block trades. Sami Toutounji left the firm in October 2022.

The Paris team at Norton Rose Fulbright utilises the wider firm's global network to advise domestic and multinational financial institutions, sovereigns and corporates on a broad range of equity-linked issues. Headed by corporate lawyer Roberto Cristofolini, who divides his time between Paris and Casablanca, and supported by senior associate Aurélie Pelisson, the group assists clients with IPOs, share capital increases and the subscription of various classes of warrants.