A&O Shearman’s ‘uniquely integrated’ Sydney-based capital markets practice has a workload which includes advising issuers on multi-jurisdictional bond issuances and equity raisings, including ESG and green bond matters, and the range of securitisation work. The team is well-equipped to handle the range of complex deals, in both domestic and international contexts. Mark Leemen is a DCM specialist, Minesh Patel works on a broad range of investment-grade DCM transactions, and Karolina Popic is a securitisation and covered-bond expert, while Tony Sparks is a standout in IPO matters. The four helm the practice.

Allens’ team is noted for its ‘very strong capabilities’ in capital markets, wherein it advises issuers and investment banks, amongst others, on high-value ECM, DCM, and securitisation deals. The team has offices in Sydney, Melbourne and Perth. James Darcy has significant DCM expertise and Julian Donnan specialises in ECM; the pair co-lead the group. Green bonds work is a key element of the team's ESG capabilities, while its securitisation work spans bespoke handset receivables and auto loans. Cross-border and domestic high-profile bond issuances and IPOs are also key features of the team's workload. Former co-head Benjamin Downie departed in November 2025.

Arnold Bloch Leibler‘s team stands out for its provision of strategic support to entrepreneurial ASX-listed, as well as private clients, on sophisticated equity capital raisings and international expansions. The team is led by Jonathan Wenig who has broad corporate expertise, and Jeremy Leibler who is a private equity specialist. The team delivers ‘commercially pragmatic advice’ regarding complex tech and retail transactions, in particular. The practice harnesses M&A expertise and is well-equipped to handle high-value deals therein in both cross-border and domestic contexts.

Ashurst‘s ‘highly sophisticated’ group has noteworthy capabilities to handle equity, debt and securitisation transaction. Its client list features major banks and corporates whom it advises on high-value capital raisings. Jennifer Schlosser is a securitisation expert, Caroline Smart is a DCM specialist, and Patricia Paton has a specialism in ECM; the three co-head the practice. The team’s M&A-driven capital raisings work and deep regulatory expertise is notable, as is its work in cross-border and ESG-focused issuances. Noteworthy names in the practice include Emma Malone, Andrew Kim and Victoria Yeh.

Baker McKenzie’s equity capital markets practice is recognised for its capabilities advising on the breadth of ECM mandates. The team is well-regarded for its work handling high-value equity offerings. The practice has a strong securities specialism also, and provides multi-jurisdictional advice across various markets therein. Melbourne-based partners Rick Troiano and Richard Lustig co-lead the group. Derek Pocock acts extensively on corporate transactions, primarily in the energy and resources and technology spaces. Duncan McGrath retired from partnership in 2025.

Clayton Utz's team delivers advice across equity, debt, and securitisation capital markets matters. The practice stands out for it regulatory compliance work, wherein it advises issuers and arrangers on high-value offerings including green bonds and sustainable finance. Sonia Goumenis and Andrew Jinks specialise in securitisation in particular, while Stuart Byrne excels in ECM and harnesses significant ASX and M&A experience; the three co-lead the practice. Brendan Groves is experienced handling floats and rights issues cases, while Mark Chahine offers acquisition-related securitisation advice. Liz Humphry and Kate Allison are also key contacts in the group.

Corrs Chambers Westgarth‘s team handles the array of complex debt capital markets matters, with expertise spanning domestic and offshore investment grade markets. Shabarika Ajitkumar‘s workload includes advising listed issuers on multi-jurisdictional equity offerings, Oliver Carrick handles resources-focused IPOs and cross-border listings, and Christian Owen advises on mining placements and raisings. The ‘standout’ Jo Dodd has expertise in debt issuances and hybrid securities transactions across domestic and international markets. The four aforementioned co-head the group. Further key names are Brad Robinson who oversees structured debt and securitisations matters for mezzanine financiers and insurers, and Rommel Harding-Farrenberg who manages securitisation and derivatives-linked financing matters for non-bank lenders.

Dentons’ team is co-led by Louise McCoach who is a recognised specialist in warehouses, term deals and derivatives matters and who is described by clients as being ‘whip-smart, commercial and a joy to deal with’. Hong Kong-based Gordon Ng supports McCoach in overseeing the team. Clarke Heap is a name to note also; both McCoach and Heap joined the practice in February 2025, the month that also marked the departures of Stanley Mok and Tim Wong.

DLA Piper’s ECM team is noted for its cross-border strengths, particularly for its capabilities advising US companies pursuing IPOs and raisings in the Australian market. David Ryan is a seasoned operator with extensive experience in public M&A and capital raisings matters. Ryan co-leads the practice alongside Kelly Morrison who is praised as ‘one of the best capital markets lawyers in the country’. David Holland joined the team in February 2025, while James Nicholls departed in the same month.

Gilbert + Tobin‘s practice advises its clientele on the range of debt, securitisation and equity matters. Its debt work is led by John Schembri who is experienced advising on program establishments, cross-border issuances and hybrids. The securitisation team is headed by Stanley Mok whose workload includes advising on term deals and structured financings across multiple asset classes. The equity group is co-led by Peter Cook and Adam d’Andreti who are trusted for their provision of complex raisings and listing rule-related advice. Recent changes include the February 2025 arrivals of Mok and fellow securitisation specialist Tim Wong, and the departure of Louise McCoach in the same month. Sarah Turner and Lucy Hall are noteworthy practitioners.

Hamilton Locke’s national group  ‘punches above its weight’ according to clients, and has presence across Perth, Sydney, Melbourne and Brisbane. Issuer-side deals form a large portion of the team’s workload, and it continues to advise on equity issuances, including IPOs, placements, and rights issues across the mining, biotech, and financial services sectors. Shaun Hardcastle is widely regarded his work no matters regarding ECM execution, and leads equity offerings for resources and biotech companies, while Gaynor Tracey manages placements and capital raisings for listed entities. The practice was bolstered with the February 2025 arrival of James Nicholls.

Herbert Smith Freehills Kramer LLP‘s team is experienced handling the gamut of equity, debt and securitisation matters. The group acts on flagship IPOs, secondary raisings and hybrids, alongside program updates and benchmark bond issues for blue-chip corporates and financial institutions. On securitisation, the team advises major banks and non-bank lenders on warehouses and term deals spanning RMBS, auto and equipment, and consumer receivables. Philippa Stone, ECM expert Michael Ziegelaar, and DCM and securitisation specialists Andrew Booth and Patrick Lowden all oversee the practice. Further key partners include Philip Hart, Tim McEwen, Nicole Pedler and Alexander Mackinnon, with executive counsel Amy Repse a noted name in DCM and structured finance. Amit Jois joined the team in October 2024.

Johnson Winter Slattery’s team has noteworthy expertise spanning the energy and resources, tech and life sciences sectors. The practice is praised for the ‘hands-on involvement’ of senior partners, and offers strategic and commercial advice on the realm of capital markets cases. Team lead Paul Vinci brings deep expertise in complex raisings and convertible instruments, while key practitioner Clare Brown is noted for her cross-border ECM experience. James Rozsa‘s areas of focus include tech and medtech transactions. The team saw the October 2024 departure of Amit Jois.

Jones Day’s group is recognised for its advise on large, complex capital raisings. The team is particularly active in the energy and resources, agribusiness and tech sectors, covering IPOs, placements and rights issues. Brisbane-based Isaac West is a key figure in the market, while Sydney partner Hemang Shah is noted for ‘legal excellence and emotional intelligence’. Further names to note are Max Rose and Jeremy Manuelpillai who are central to execution. Charles Bogle joined from Hogan Lovells in March 2025.

King & Wood Mallesons‘ team has a breadth of expertise across ECM, DCM and securitisation matters; clients value the team’s ‘breadth of experience, strong bench of associates and pragmatic, commercial solutions.’ David Friedlander has expertise in public M&A and ECM cases, Ian Paterson harnesses debt capital markets, structured financing and regulatory capital expertise, and Ian Edmonds-Wilson also has noteworthy securitisation experience, regularly acting for banks and non-bank lenders on cross-border RMBS and ABS issuances; the three co-helm the group. Anne-Marie Neagle specialises in securitisation, derivatives, and other structured capital markets and structured finance matters. Joseph Muraca and Henrik Moritz combine technical expertise with commercial judgement on complex ECM mandates, and Amanda Isouard is experienced handling high-value placements and IPOs. Daniel Bragg advises financial institutions and fintech lenders on DCM matters, while Philip Harvey has a specialism in DCM, with a focus on capital raisings.

Maddocks’ ECM team is recognised for its advising on IPOs, secondary raisings, convertible securities, and capital management, with growing visibility in the tech sector. The practice is led by the ‘exceptional’ Catherine Merity who has noteworthy ASX expertise. Ron Smooker is well-equipped to handle equity offerings alongside large-scale M&A transactions, while Suzette Caldaroni works on pre-IPO fundraising and secondary raisings, in particular. March 2025 marked the departure of Rosamond Sayer depart, while Alex Worner, who is experienced advising international issuers on cross-border placements, joined the team in January of the same year.

McCullough Robertson’s ECM group assists clients across the small to mid-cap market on the range of matters. Its workload includes handling IPO preparation and secondary raisings across life sciences, tech and renewables. Practice head Reece Walker is supported by Ben Wood, Aaron Dahl and Naomi Omundson who offer deep ASX and Corporations Act fluency across issuer and manager mandates.

Mills Oakley’s team is well-equipped to handle the remit of cases. Iain Laughland leads equity offerings for ASX-listed biotech and mining companies, while Gavin Douglas‘ workload includes handling secondary raisings for tech issuers. Tony Symons is well-equipped to handle various capital markets deals, Tim Cox has an equity transaction specialism, and Andrew Crean‘s workload includes assisting with resources listings. The five oversee the team. Key contact David Bryant is noted as being ‘an expert in his field’ by clients. The practice was bolstered in April 2025 by the respective arrivals of Greg Smith and of Brendan Wykes. Gaurav de Fontgalland departed in January 2025.

Minter Ellison’s practice is noted for its ‘excellent technical capability’ and is recognised for its breadth of experience across debt, securitisation and equity matters. John Elias has experience handling debt and structured finance matters, particularly in respect of structured credit issues and mezzanine financings. Bart Oude-Vrielink has significant structured financing expertise. Nicole Sloggett‘s practice spans IPOs and secondary raisings. The three co-head the offering. Further practitioners to note include equity and capital raisings specialist Daniel Scotti, and the ‘commercially aware’ James Hutton.

The Norton Rose Fulbright team is noted for its ‘well-rounded knowledge’ and its workload covers debt and equity capital markets, securitisation and derivatives matters. Debt capital markets expert James Morris advises global financial institutions and domestic banks alike on the variety of matters. Alex Mufford is a notable securitisation specialist, an area in which key name Scott Millar is also prominent. Vittorio Casamento has notable expertise in derivatives matters in particular. Jeremy Wickens has standout ECM expertise also. Financial institutions form a significant portion of the team’s client list. Morris, Mufford and Casamento jointly lead the group.

Piper Alderman‘s team is well-equipped to advise across IPOs, secondary listings, and capital raisings, with deep expertise in the tech, life sciences and resources sectors, in particular. IPOs, capital raisings and corporate structuring specialist James Dickinson leads the team alongside James Macdonald, who specialises in corporate structuring, acquisitions, capital raisings, listings and venture capital transactions. Lis Boyce advises on life sciences-related capital raises and governance; Sina Kassra navigates complex ASX compliance matters and financings; and Josh Steele spearheads mining sector-related capital raises. Richard Horton has a specialism in venture capital and IPO cases, while Olena Brodovska advises start-ups and growth-stage companies on venture capital, M&A, IPOs and cross-border transactions; the pair joined the team in March 2025.

Sidley Austin’s Sydney office anchors a global capital markets platform, which harnesses particular strengths handling equity transactions spanning IPOs and follow-on offerings for Australian and New Zealand issuers. The team combines equity and debt capital markets expertise, including advising on disclosure, due diligence, and regulatory issues across offerings. Practice head Mimma Barila is noted for cross-border equity and hybrid securities work, while Bruce Dailey brings extensive experience in structured finance and private placements matters.

Sullivan & Cromwell‘s practice has capabilities advising on the range of DCM cases. It is particularly recognised for its US market expertise, advising on complex and significant financings in the region. The team is praised for being ‘reassuring, collaborative and results-oriented’ and its client list features a number of Australia’s largest corporates. Waldo Jones is viewed as ‘one of the very best at what he does’, as is key practitioner Benjamin Fleming. Jones leads the team with support from Chris Beatty, who leads the firm’s APAC leveraged finance and private credit practice.

Thomson Geer’s ECM team is well-equipped to assist clients with the range of matters. Melbourne-based David Schiavello has expertise in capital raisings matters, while Sydney’s Sanushka Seomangal is known for her regulatory knowledge. Also notable are Perth-based partner Scott Gibson who is prominent in advising on IPOs and capital raisings in the resources sector, and Brisbane’s Emma Cook who is commended as ‘amazing in all aspects’.