United States: Vinson & Elkins Leads in the Top 5 for IPOs in 2002
Last Updated: February 7 2003

(Houston, TX) February 5, 2003 - Vinson & Elkins ranks among the top 5 law firm worldwide in dollar value of 2002 Initial Public Offerings by U.S. Issuers, as announced by Thompson Financial in January 2003. The firm ranks fourth globally as IssuerLegal Advisor with six issues completed in 2002 with proceeds over $1.2 billion.

In a year when many law firms struggled with the down economy, Vinson & Elkins maintained its dominance as a leading corporate law firm appearing in several of the 2002 top-10 rankings.

"The 2002 initial public offerings in which we acted as counsel included the largest IPO in U.S. airline history - Continental Airlines' ExpressJet offering," says Houston partner Mark Kelly who is co-head of Vinson & Elkins firmwide Corporate Section. "The ExpressJet IPO was a home run for Continental in a difficult year for the airline sector. It is gratifying to remain high in these rankings notwithstanding the difficult market for IPOs."

Thompson Financial rankings and volume totals include all New Issues activity during the period from 1/1/02 - 12/31/02. Vinson & Elkins ranks in several areas in the Thompson Financial ranking as Issuer Legal Advisory:

  • 4th in Worldwide Initial Public Offerings by U.S. Issuers with 6 issues and proceeds over $1.2 billion
  • 6th in U.S. Public Offerings with 6 issues and proceeds over $1.2 billion
  • 6th in Worldwide Equity Issuance by U.S. Issuers with 17 issues and proceeds over $2.9 billion
  • 8th in U.S. Common Stock with 17 issues and proceeds of more than $2.9 billion
  • 13th in U.S. Equity & Equity-related with 18 issues and proceeds of more than $3.1 billion

Mark Kelly is available for interviews. You can contact him at 713-758-4592 or via email at mkelly@velaw.com. Or you can contact Melissa Carroll, Media Relations, Vinson & Elkins, at 713-758-2171 or via email at mcarroll@velaw.com.

Vinson & Elkins was established in 1917 and is one of the world's largest international law firms. The firm has more than 870 lawyers practicing in Austin, Beijing, Dallas, Houston, London, Moscow, New York, Singapore, and Washington, D.C. The firm offers a wide range of legal services. Clients include public and private companies, financial institutions, municipalities, governments of sovereign nations, entrepreneurs, families, and individuals.

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