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Orrick Herrington & Sutcliffe remained in first as the top bond counsel for the first quarter of 2025.
The top 10 saw some changes, with Gilmore & Bell and Squire Patton Boggs entering the top 10, while Troutman Pepper Locke and Ballard Spahr were bumped.
Top bond counsel Q1 2025
| Rank |
Bond counsel |
Q1 2025 Par amount
(USD millions) |
Market share |
Number of issues |
| 1 |
Orrick Herrington & Sutcliffe |
13,663.41 |
11.57% |
84 |
| 2 |
Kutak Rock |
7,928.90 |
6.71% |
112 |
| 3 |
Norton Rose Fulbright |
5,768.67 |
4.88% |
47 |
| 4 |
Chapman and Cutler |
5,219.72 |
4.42% |
102 |
| 5 |
Bryant Rabbino |
4,048.72 |
3.43% |
13 |
| 6 |
McCall Parkhurst & Horton |
3,986.84 |
3.38% |
66 |
| 7 |
Gilmore & Bell |
3,854.96 |
3.26% |
95 |
| 8 |
Hawkins Delafield & Wood |
3,746.50 |
3.17% |
55 |
| 9 |
Nixon Peabody |
3,468.48 |
2.94% |
14 |
| 10 |
Squire Patton Boggs |
3,284.53 |
2.78% |
27 |
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