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November 2, 2004

Willkie ranks number one among the top 25 firms serving as legal adviser to PIPE issuers for the first three quarters of 2004, according to PrivateRaise, LLC, a leading market intelligence company monitoring private investments in public equity.    

Willkie ranks number one among the top 25 firms serving as legal adviser to PIPE issuers for the first three quarters of 2004, according to PrivateRaise, LLC, a leading market intelligence company monitoring private investments in public equity.   The firm holds the number one spot based on  a total dollar value of $359.67 million.  Willkie also ranks among the top ten firms advising PIPE investors based on a total value of $184.14 million.   Additionally, the firm ranks among the top 25 legal advisers to PIPE issuers and investors based on total number of deals handled during the same period.  On November 1, Bloomberg News reported that Willkie was the “largest legal adviser to public companies that issued private placements of equity securities in the first three quarters of this year.”   Willkie partner Steven Gartner told Bloomberg that “many more investors are purchasing these securities, between private equity funds and hedge funds,” and that he believes “it’s as high as it’s ever been based on our anecdotal experience.”