North America HY Bonds Legal Advisors’ Rankings 2022

Data Insight 17 January

North America HY Bonds Legal Advisors’ Rankings 2022

  • HY bond issuance in 2022 totaled USD 96.5bn (430bn in 2021 - a 77% decrease YoY) via 117 transactions.
  • Kirkland & Ellis ranked No.1 in the North America HY Bonds Issuers' Legal Counsel League Table, taking around 37% market share by volume.
  • Cahill Gordon & Reindel topped the North America HY Bonds Managers' Legal Counsel League Table, obtaining roughly 31% market share by volume. 

The full rankings are available to download on the right.

All rankings are based on data submitted to Debtwire Par. Corporate High Yield Bonds are below investment grade issues at the designated time of pricing. If the issue is not rated, inclusion of the following covenants may determine High Yield status: 1) restricted payment test 2) debt incurrence test. For more details on our criteria or any other query please contact us a

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