The Firm: Proskauer Rose has invested in recent years in boosting its capital markets practice, and has good relationships with a host of issuers and several notable investment banks, including Bank of America Merrill Lynch, Credit Suisse and Jefferies & Company. The practice is broad, covering many types of public and private debt and equity offerings, although PIPE and high-yield transactions are highlighted by interviewees as particular areas of strength.

Sources Say:"The firm is great at finding solutions to issues that are not of the plain vanilla variety."

Key Individuals: Practice co-head Julie Allen is an experienced securities lawyer based in New York. Allen recently represented Icahn Enterprises on a Rule 144A offering of $2 billion of senior notes. Fellow co-head Frank Lopez is lauded for being "innovative in putting structures together and aggressive in getting deals done." He acted as counsel to sole underwriter Citi on tax-exempt bonds issued by the New York City Industrial Development Agency for the completion of the new Mets stadium. Stuart Bressman has been busy representing long-term client Lazard, including advising it as sole placement agent on the offering of common stock by ARIAD Pharmaceuticals. Arnold Jacobs is praised for his "broad legal skills and sound understanding of business." Michael Woronoff is a headline name in the California market. He recently represented Stream Global Services in a $200 million Rule 144A senior secured notes offering.