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Rankings published in 2026
Capital markets : Debt
Tier 2
20 firms ranked
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Tier 1

A&O Shearman
12 practice areas
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Clifford Chance
12 practice areas
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Garrigues
12 practice areas
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Linklaters
12 practice areas
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Uría Menéndez
12 practice areas
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Tier 2

Cuatrecasas
12 practice areas
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Davis Polk & Wardwell
10 practice areas
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Pérez-Llorca
12 practice areas
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Tier 3

Dentons
7 practice areas
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Freshfields
11 practice areas
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Gómez-Acebo & Pombo
9 practice areas
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Latham & Watkins
8 practice areas
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Ramón y Cajal Abogados
12 practice areas
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Tier 4

Ashurst Perkins Coie
11 practice areas
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Baker McKenzie
9 practice areas
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Hogan Lovells Cadwalader
11 practice areas
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Watson Farley & Williams
7 practice areas
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White & Case
9 practice areas
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Notable

DLA Piper
12 practice areas
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ECIJA
7 practice areas
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Capital markets : Equity
Tier 1
17 firms ranked
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Tier 1

Cuatrecasas
12 practice areas
View profile
Davis Polk & Wardwell
10 practice areas
View profile
Garrigues
12 practice areas
View full profile
Linklaters
12 practice areas
View profile
Uría Menéndez
12 practice areas
View full profile

Tier 2

Freshfields
11 practice areas
View profile
Pérez-Llorca
12 practice areas
View full profile

Tier 3

A&O Shearman
12 practice areas
View full profile
Clifford Chance
12 practice areas
View profile
Gómez-Acebo & Pombo
9 practice areas
View full profile
Latham & Watkins
8 practice areas
View profile
Ramón y Cajal Abogados
12 practice areas
View profile

Tier 4

DLA Piper
12 practice areas
View profile

Notable

Baker McKenzie
9 practice areas
View profile
ECIJA
7 practice areas
View full profile
Hogan Lovells Cadwalader
11 practice areas
View profile
White & Case
9 practice areas
View profile
Linked Reviews
Financial and corporate

Davis Polk & Wardwell established its office in Madrid in 2001. The Madrid office advises exclusively on English law and forms part of the firm’s wider international platform.

Highlights: The firm focuses on capital markets work, with particular strength in equity transactions. Its practice includes advising companies and investment banks on international capital markets transactions such as initial public offerings, rights issues, share capital raisings and debt offerings, including investment-grade and high-yield bonds.

Deal Highlights
14 results14 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
Banco Santander - Bond Issue
2021-02-01
Davis Polk & Wardwell
Spain
Bond issue
JP Morgan Chase
Underwriter
Banco Santander - Bond Issue
2021-03-01
Davis Polk & Wardwell
Spain
Bond issue
Banco Santander
Issuer
Banco Santander - Bond Issue
2021-05-01
Davis Polk & Wardwell
Spain
Bond issue
Banco Santander
Issuer
Banco Santander - Bond Issue
2021-06-01
Davis Polk & Wardwell
Spain
Bond issue
Banco Santander
Issuer
Cellnex Telecom SA - Bond Issue
2021-07-01
Davis Polk & Wardwell
Spain
Bond issue
Cellnex Telecom SA
Issuer
BBVA - Banco Bilbao Vizcaya Argentaria - Bond Issue
2021-02-01
Davis Polk & Wardwell
Spain
Bond issue
BBVA - Banco Bilbao Vizcaya Argentaria
Issuer
BBVA - Banco Bilbao Vizcaya Argentaria - Bond Issue
2021-06-01
Davis Polk & Wardwell
Spain
Bond issue
BBVA - Banco Bilbao Vizcaya Argentaria
Issuer
Banco Santander - Bond Issue
2021-09-01
Davis Polk & Wardwell
Spain
Bond issue
Banco Santander
Issuer
Banco Santander - Bond Issue
2021-07-01
Davis Polk & Wardwell
Spain
Bond issue
Banco Santander
Issuer
AI Candelaria (Spain) SLU - Bond Issue
2021-05-01
Davis Polk & Wardwell
Spain
Bond issue
Sumitomo Mitsui Financial Group, JP Morgan Chase, Credit Suisse
Underwriter
BBVA - Banco Bilbao Vizcaya Argentaria - Bond Issue
2021-03-01
Davis Polk & Wardwell
Spain
Bond issue
BBVA - Banco Bilbao Vizcaya Argentaria
Issuer
Codere Online - M&A
2021-06-21
Davis Polk & Wardwell
Spain
M&A
Alon Gurfinkel, Brette Trost, Francisco Cespedosa, Frank Azzopardi, Jose Lucena-Rebollo, Michael Willisch
Codere Online
Target
Banco Santander - Bond Issue
2021-10-01
Davis Polk & Wardwell
Spain
Bond issue
Banco Santander
Issuer
Banco Santander - Bond Issue
2022-03-01
Davis Polk & Wardwell
Spain
Bond issue
Banco Santander
Issuer
M&A
We round up top lateral hires across the PE, antitrust, M&A and corporate practices in London and New York
IFLR1000
On November 14th, 2025, Pampa Energía S.A. (“Pampa”), a leading company in the energy and oil and gas sector, issued, in the local and international markets, its 7.750% senior unsecured notes due 2037, for an aggregate principal amount of US$450,000,000 (the “Notes”), under the U.S.$2,100,000,000 note program for the issuance of convertible and non-convertible (obligaciones negociables). The transaction was carried out in accordance with Rule 144A and Regulation S of the U.S. Securities Act of 1933.
Lawyers see the potential for first-mover advantage in advising on a new trading platform for shares, but they are not certain it will achieve all its goals
New crypto asset regulation and a fresh attempt at finalising Basel III will add to the workload for US banking lawyers and their clients in the coming months
New hires were made across the finance, antitrust, energy and project finance practices in Dallas, Northern California, Brussels and Hong Kong
New York-based funds lawyer Sijia Cai explains the need to have a deep understanding of what’s top of mind for clients day-to-day and strategically
Twelve law firms have each received 12 or more nominations, while 24 corporates and banks are up for in-house awards
New hires were made across the M&A, finance, energy and venture capital practices in London, Düsseldorf, San Francisco, New York and Abu Dhabi
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