Milbank: China (National)

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Rankings published in 2026

Capital markets - Foreign

Tier 4

25 firms ranked

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Tier 1

Clifford Chance

16 practice areas

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Davis Polk & Wardwell

8 practice areas

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Skadden Arps Slate Meagher & Flom

13 practice areas

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Tier 2

A&O Shearman

16 practice areas

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Freshfields

12 practice areas

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Kirkland & Ellis

8 practice areas

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Latham & Watkins

15 practice areas

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Linklaters

15 practice areas

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Simpson Thacher & Bartlett

9 practice areas

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Tier 3

Baker McKenzie

14 practice areas

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Cooley

5 practice areas

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DLA Piper

14 practice areas

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Herbert Smith Freehills Kramer

13 practice areas

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O'Melveny & Myers

8 practice areas

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Paul Hastings

16 practice areas

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Sidley Austin

11 practice areas

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Slaughter and May

6 practice areas

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Sullivan & Cromwell

8 practice areas

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Wilson Sonsini Goodrich & Rosati

5 practice areas

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Tier 4

Cleary Gottlieb Steen & Hamilton

10 practice areas

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Milbank

12 practice areas

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Morgan Lewis & Bockius

5 practice areas

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Reed Smith

7 practice areas

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Notable

Dorsey & Whitney

6 practice areas

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Ropes & Gray

8 practice areas

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M&A - Foreign

Tier 4

45 firms ranked

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Tier 1

Clifford Chance

16 practice areas

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Freshfields

12 practice areas

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Kirkland & Ellis

8 practice areas

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Linklaters

15 practice areas

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Skadden Arps Slate Meagher & Flom

13 practice areas

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Tier 2

A&O Shearman

16 practice areas

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Baker McKenzie

14 practice areas

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Cleary Gottlieb Steen & Hamilton

10 practice areas

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Davis Polk & Wardwell

8 practice areas

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Latham & Watkins

15 practice areas

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Paul Weiss Rifkind Wharton & Garrison

6 practice areas

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Simpson Thacher & Bartlett

9 practice areas

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Weil Gotshal & Manges

7 practice areas

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Tier 3

DLA Piper

14 practice areas

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Gibson Dunn & Crutcher

8 practice areas

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Herbert Smith Freehills Kramer

13 practice areas

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Hogan Lovells Cadwalader

15 practice areas

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Morgan Lewis & Bockius

5 practice areas

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Morrison & Foerster

11 practice areas

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Norton Rose Fulbright

13 practice areas

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O'Melveny & Myers

8 practice areas

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Paul Hastings

16 practice areas

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Sidley Austin

11 practice areas

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Slaughter and May

6 practice areas

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White & Case

12 practice areas

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Tier 4

Ashurst Perkins Coie

8 practice areas

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CMS

4 practice areas

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Cooley

5 practice areas

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Jones Day

11 practice areas

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Milbank

12 practice areas

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MinterEllison

6 practice areas

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Pinsent Masons

9 practice areas

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Reed Smith

7 practice areas

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Ropes & Gray

8 practice areas

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Wilson Sonsini Goodrich & Rosati

5 practice areas

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Notable

Cuatrecasas

4 practice areas

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Dorsey & Whitney

6 practice areas

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GRATA International

6 practice areas

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Garrigues

6 practice areas

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Gide Loyrette Nouel

9 practice areas

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Goodwin Procter

5 practice areas

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LPA Law

3 practice areas

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Nishimura & Asahi

3 practice areas

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Pillsbury Winthrop Shaw Pittman

3 practice areas

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Taylor Wessing

7 practice areas

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Project development - Foreign

Tier 2

20 firms ranked

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Tier 1

A&O Shearman

16 practice areas

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Clifford Chance

16 practice areas

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Herbert Smith Freehills Kramer

13 practice areas

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Linklaters

15 practice areas

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Tier 2

Baker McKenzie

14 practice areas

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King & Wood

14 practice areas

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Milbank

12 practice areas

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Norton Rose Fulbright

13 practice areas

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Tier 3

Ashurst Perkins Coie

8 practice areas

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DLA Piper

14 practice areas

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Gide Loyrette Nouel

9 practice areas

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Hogan Lovells Cadwalader

15 practice areas

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Jones Day

11 practice areas

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Pinsent Masons

9 practice areas

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White & Case

12 practice areas

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Tier 4

MinterEllison

6 practice areas

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Simmons & Simmons

14 practice areas

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Skadden Arps Slate Meagher & Flom

13 practice areas

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Notable

GRATA International

6 practice areas

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Gibson Dunn & Crutcher

8 practice areas

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Project finance - Foreign

Tier 3

13 firms ranked

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Tier 1

A&O Shearman

16 practice areas

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Clifford Chance

16 practice areas

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Tier 2

Baker McKenzie

14 practice areas

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Linklaters

15 practice areas

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Norton Rose Fulbright

13 practice areas

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White & Case

12 practice areas

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Tier 3

Ashurst Perkins Coie

8 practice areas

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DLA Piper

14 practice areas

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Herbert Smith Freehills Kramer

13 practice areas

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Hogan Lovells Cadwalader

15 practice areas

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Jones Day

11 practice areas

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Milbank

12 practice areas

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Simmons & Simmons

14 practice areas

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Deal Highlights

5 results5 results

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Deal Name	Deal Date	Firm Name	Jurisdiction	Deal Type	Client Names	Client Role
West China Cement Ltd - Bond Issue	2021-06-01	Milbank	China (National)	Bond issue	Nomura, China International Capital Corp	Underwriter
Shimao Group Holdings Ltd - Bond Issue	2021-09-01	Milbank	China (National)	Bond issue	Bank of Communications, Morgan Stanley, Sumitomo Mitsui Financial Group, JP Morgan Chase, United Overseas Bank, China International Capital Corp, HSBC, Standard Chartered Bank	Underwriter
Shimao Group Holdings Ltd - Bond Issue	2021-01-01	Milbank	China (National)	Bond issue	Central China International Capital Ltd, HSBC, BNP Paribas, Morgan Stanley, CITIC Group Corp	Underwriter
West China Cement Ltd - Bond Issue	2021-07-01	Milbank	China (National)	Bond issue	Nomura, Central China International Capital Ltd	Underwriter
YPF SA - Bond Issue	2021-03-01	Milbank	China (National)	Bond issue	Banco Santander, Citigroup, HSBC, Itau Unibanco	Underwriter