Shearman And Sterling

News Jun 15, 2020

Shearman & Sterling Places Second Latin Lawyer DCM Ranking

Shearman & Sterling took the No. 2 spot in Latin Lawyer’s ranking of law firms in debt capital markets (DCM), based on the number of deals the firm advised on in 2019.

The publication noted that Shearman & Sterling was involved in 27 deals worth a total US$36 billion.

One of the drivers of deal activity was liability management. Partner Grissel Mercado, noted that liability management transactions are likely to continue for the foreseeable future, as companies with outstanding debt securities can undertake these to deleverage, reduce interest expenses and delay refinancing requirements by extending debt maturities. “Issuers are trying to find creative ways to manage their balance sheet and cash flow needs,” she told the publication.

Read ‘Debt capital markets league table 2019: international firms

The Team

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