Allen & Overy (A&O) has topped the rankings for debt capital markets work for banks for the first half of 2006, overtaking last quarter’s leader, Linklaters. According to Thomson Financial, A&O stands well ahead of second-placed Linklaters for international debt advice to banks ranked by deal size. A&O advised on 298 issues worth a total value of $159.6bn (£85.9bn).

First reported on legalweek.com (28 July).