Orrick remains No. 1 bond counsel in Q1 2025

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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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Top bond counsel Q1 2025

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