Davis Polk partner Michael Kaplan was quoted in a Bloomberg Law article discussing the recent slowdown in IPOs following a boom in market activity in 2021. “In the capital markets practice…it’s definitely not like last year,” Michael explained.

The article highlighted Davis Polk as one of the top firms advising issuers through the first half of 2022. The firm was issuer’s counsel on the largest IPO to date this year, TPG’s $1 billion offering. Bloomberg also recognized Davis Polk as one of the busiest firms in the underwriters’ market.

“Big Law Sees ‘End of Cycle’ for IPO Work, Lawyer Recruiting War,” Bloomberg Law (July 7, 2022) (subscription required)

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