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Rankings published in 2026
Banking
Tier 1
14 firms ranked
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Tier 1

Anderson Mori & Tomotsune
13 practice areas
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Mori Hamada
13 practice areas
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Nagashima Ohno & Tsunematsu
13 practice areas
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Nishimura & Asahi
13 practice areas
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Tier 2

Atsumi & Sakai
11 practice areas
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Baker McKenzie
17 practice areas
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Clifford Chance
20 practice areas
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Linklaters
19 practice areas
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White & Case
16 practice areas
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Tier 3

City-Yuwa Partners
12 practice areas
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Morrison & Foerster
20 practice areas
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TMI Associates
13 practice areas
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Notable

Kaynex Law Offices
7 practice areas
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Tsubame Law Offices
4 practice areas
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Capital markets : Debt
Tier 1
10 firms ranked
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Tier 1

Anderson Mori & Tomotsune
13 practice areas
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Mori Hamada
13 practice areas
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Nagashima Ohno & Tsunematsu
13 practice areas
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Nishimura & Asahi
13 practice areas
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Tier 2

Baker McKenzie
17 practice areas
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Linklaters
19 practice areas
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TMI Associates
13 practice areas
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Tier 3

Atsumi & Sakai
11 practice areas
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Morrison & Foerster
20 practice areas
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Tier 4

City-Yuwa Partners
12 practice areas
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Capital markets : Equity
Tier 1
10 firms ranked
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Tier 1

Anderson Mori & Tomotsune
13 practice areas
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Mori Hamada
13 practice areas
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Nagashima Ohno & Tsunematsu
13 practice areas
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Nishimura & Asahi
13 practice areas
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Tier 2

Baker McKenzie
17 practice areas
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Linklaters
19 practice areas
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Morrison & Foerster
20 practice areas
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Tier 3

Atsumi & Sakai
11 practice areas
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White & Case
16 practice areas
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Notable

TMI Associates
13 practice areas
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Capital markets : Structured finance and securitisation
Tier 1
11 firms ranked
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Tier 1

Anderson Mori & Tomotsune
13 practice areas
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Mori Hamada
13 practice areas
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Nagashima Ohno & Tsunematsu
13 practice areas
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Nishimura & Asahi
13 practice areas
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Tier 2

Atsumi & Sakai
11 practice areas
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Baker McKenzie
17 practice areas
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Linklaters
19 practice areas
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Tier 3

City-Yuwa Partners
12 practice areas
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Morrison & Foerster
20 practice areas
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White & Case
16 practice areas
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Notable

TMI Associates
13 practice areas
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M&A
Tier 1
22 firms ranked
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Tier 1

Anderson Mori & Tomotsune
13 practice areas
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Mori Hamada
13 practice areas
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Nagashima Ohno & Tsunematsu
13 practice areas
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Nishimura & Asahi
13 practice areas
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Tier 2

Baker McKenzie
17 practice areas
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Morrison & Foerster
20 practice areas
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Oh-Ebashi LPC & Partners
8 practice areas
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TMI Associates
13 practice areas
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Tier 3

A&O Shearman
18 practice areas
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Atsumi & Sakai
11 practice areas
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Clifford Chance
20 practice areas
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Freshfields
18 practice areas
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Linklaters
19 practice areas
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Miura & Partners
4 practice areas
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Paul Hastings
14 practice areas
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Skadden Arps Slate Meagher & Flom
13 practice areas
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White & Case
16 practice areas
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Tier 4

City-Yuwa Partners
12 practice areas
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Hibiya Nakata
3 practice areas
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Jones Day
7 practice areas
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O'Melveny & Myers
6 practice areas
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Notable

Tokyo International Law Office
2 practice areas
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Private equity
Tier 1
11 firms ranked
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Tier 1

Anderson Mori & Tomotsune
13 practice areas
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Mori Hamada
13 practice areas
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Nagashima Ohno & Tsunematsu
13 practice areas
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Nishimura & Asahi
13 practice areas
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Tier 2

Baker McKenzie
17 practice areas
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Morrison & Foerster
20 practice areas
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TMI Associates
13 practice areas
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Tier 3

Miura & Partners
4 practice areas
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Oh-Ebashi LPC & Partners
8 practice areas
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Notable

Atsumi & Sakai
11 practice areas
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City-Yuwa Partners
12 practice areas
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Project development
Tier 1
12 firms ranked
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Tier 1

Anderson Mori & Tomotsune
13 practice areas
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Mori Hamada
13 practice areas
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Nagashima Ohno & Tsunematsu
13 practice areas
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Nishimura & Asahi
13 practice areas
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Tier 2

Atsumi & Sakai
11 practice areas
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Baker McKenzie
17 practice areas
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TMI Associates
13 practice areas
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Tier 3

City-Yuwa Partners
12 practice areas
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Clifford Chance
20 practice areas
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Oh-Ebashi LPC & Partners
8 practice areas
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Notable

Kaynex Law Offices
7 practice areas
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Yokogi & Masui Partners
4 practice areas
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Project finance
Tier 1
11 firms ranked
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Tier 1

Anderson Mori & Tomotsune
13 practice areas
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Mori Hamada
13 practice areas
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Nagashima Ohno & Tsunematsu
13 practice areas
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Nishimura & Asahi
13 practice areas
View profile

Tier 2

Atsumi & Sakai
11 practice areas
View full profile
Baker McKenzie
17 practice areas
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TMI Associates
13 practice areas
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Tier 3

City-Yuwa Partners
12 practice areas
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Oh-Ebashi LPC & Partners
8 practice areas
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Notable

Tsubame Law Offices
4 practice areas
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Yokogi & Masui Partners
4 practice areas
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Linked Reviews
Financial and corporate

Nishimura & Asahi is one of the leading Japanese law firms. The firm was originally founded in 1966 as Nishimura & Partners before adopting its current name following the acquisition in 2007 of the Kokusai Bumon (International Division) of Asahi Law Offices.

The firm is among the four largest in the Japanese market with more than 800 professionals and a presence in over 19 locations around the world, including domestic offices in Tokyo, Nagoya, Osaka, Fukuoka, and overseas offices in Bangkok, Beijing, Shanghai, Dubai, Hanoi, Ho Chi Minh City, New York, Singapore, Taipei and Yangon. The firm is also present in Jakarta and Hong Kong and is a member of international law firm network, Lex Mundi.

Highlights

Nishimura & Asahi have a high reputation across the board in transactional work. It has the largest asset finance practice in the country and acts for both lenders and borrowers in acquisition finance. It also routinely picks up the best mandates available to the market in M&A, projects, private equity and capital markets.

In the past year, the capital markets team continued to advise debt and equity capital market transactions, handles securitization across asset classes, provides derivatives legal services, advises on new securitization rules, and engages in market and public education.

In M&A and private equity, highlights include advising on the $16 million Toshiba take-over and advising Dai-ichi Life Holdings on a $2 billion tender offer to acquire Benefit One Inc.

In the project area, the firm advised on various renewable energy projects, including solar, wind, and biomass, as well as LNG carriers and battery energy storage systems for both domestic and international clients.

In 2024, the firm announced six internal promotions of partners including Toshihito Yasaki, Takefumi Suzuki, Satoru Yoshikawa, Suguru Sato, Ippei Hayakawa, and Sanshiro Kubota.

40 results40 results
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Deal Highlights
41 results41 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
Ichikara - Secondary share offering
2020-04-14
Nishimura & Asahi
Japan
Secondary share offering
Kei Ito, Yasunori Ishizaki
Ichikara
Issuer
MUFG Bank Mizuho Bank Sumitomo Mitsui Banking Corporation - Project finance
2020-02-15
Nishimura & Asahi
Japan
Project finance
Tomohiro Sato
MUFG Bank Mizuho Bank Sumitomo Mitsui Banking Corporation
Lender
Mizuho Bank Sumitomo Mitsui Banking Corporation - Project finance
2020-01-02
Nishimura & Asahi
Japan
Project finance
Tomohiro Sato
Mizuho Bank Sumitomo Mitsui Banking Corporation
Lender
Tottori Prefecture - Project development
2020-01-07
Nishimura & Asahi
Japan
Project development
Teruyuki Yamamoto
Tottori Prefecture
Concession company
Renova - Project finance
2020-11-25
Nishimura & Asahi
Japan
Project finance
Teruyuki Yamamoto, Akira Yamamoto
Renova
Borrower
Tokyu Land Corporation Osaka Gas Development Bank of Japan - Project finance
2020-10-28
Nishimura & Asahi
Japan
Project finance
Kohei Ishida
Tokyu Land Corporation Osaka Gas Development Bank of Japan
Sponsor
Sumitomo Mitsui Banking Corporation - Project finance
2020-02-14
Nishimura & Asahi
Japan
Project finance
Teruyuki Yamamoto
Sumitomo Mitsui Banking Corporation
Lender
Renova - Project finance
2020-04-14
Nishimura & Asahi
Japan
Project finance
Teruyuki Yamamoto, Akira Yamamoto
Renova
Borrower
Sonnedix Japan KK - Project finance
2020-01-07
Nishimura & Asahi
Japan
Project finance
Kohei Ishida
Sonnedix Japan KK
Borrower
Toyota Motor Corporation - Fund formation
2020-06-19
Nishimura & Asahi
Japan
Fund formation
Kohei Ishida
Toyota Motor Corporation
Partner
Mizuho BankMUFG Bank - Project finance
2020-02-28
Nishimura & Asahi
Japan
Project finance
Maya Ito
Mizuho BankMUFG Bank
Lender
Renova Inc - Project finance
2020-11-25
Nishimura & Asahi
Japan
Project finance
Tomohiro Sato
Renova Inc
Borrower
Pattern Energy Group; Green Power Investment Corporation - Fund formation
2020-12-21
Nishimura & Asahi
Japan
Fund formation
Peter Armstrong, Norio Maeda, Yoshiharu Kawamata
Pattern Energy Group, Green Power Investment Corporation
Fund manager
Pattern Energy Group; Green Power Investment Corporation - Financing
2020-08-24
Nishimura & Asahi
Japan
Financing
Peter Armstrong, Norio Maeda, Nathan Schmidt
Pattern Energy Group, Green Power Investment Corporation
Borrower
Tokyo Gas - Joint venture
2020-11-25
Nishimura & Asahi
Japan
Joint venture
Jun Katsube
Tokyo Gas
Joint venture partner
Equis Group - Project development
2020-01-08
Nishimura & Asahi
Japan
Project development
Kohei Ishida and Nathan Schmidt
Equis Group
Project company
Mizuho Bank - Restructuring
2021-01-20
Nishimura & Asahi
Japan
Restructuring
Maya Ito
Mizuho Bank
Creditor
Nippon Steel Corp - Bond Issue
2021-10-01
Nishimura & Asahi
Japan
Bond issue
Nippon Steel Corp
Issuer
Carlyle Group Inc. - M&A
2022-03-31
Nishimura & Asahi
Japan
M&A
Carlyle Group Inc.
Seller
Japan Post Insurance Co. Ltd. - M&A
2023-06-07
Nishimura & Asahi
Japan
M&A
Japan Post Insurance Co. Ltd.
Target
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M&A
Partners at Nishimura & Asahi’s new offices in Brussels and Hong Kong discuss why the two locations are strategic for the firm’s growth
Southeast Asia and Europe are hotspots for growth, but talent acquisition and retention difficulties are forcing firms to be creative
The urgency for Japanese businesses to sell off non-core units due to corporate governance is creating opportunities for private equity
Shareholders are increasingly engaging with companies on sustainability concerns and board structures, but it could impact business performance
A shift away from traditional labour norms will be necessary for Japanese companies to improve on diversity
Libor transition experts from banks, consultancies and law firms share insights on progress in Hong Kong SAR, Japan, Taiwan and South Korea
This year's IFLR Americas Awards contribution to regulatory reform award winner talks crypto, Libor, Covid-19 and the digital dollar
IFLR is delighted to announce the winning deals, teams and law firms for the 2020 Asia-Pacific awards
Sponsored

Sponsored

  • IFLR1000
    Sponsored by Walalangi & Partners in association with Nishimura & Asahi
    PRESS RELEASE, Jakarta, 26 February, 2018