Latham & Watkins has been the busiest law firm advising on European high-yield bonds so far this year, acting on 27 deals in the first half of 2025. It is followed by Milbank with 10 deals, in a ranking by financial data provider 9fin.

Paul Hastings, Weil Gotshal & Manges and Linklaters shared third place, each advising on seven transactions. The three firms also moved up in the ranking by eight, seven and four spots respectively against the year prior.