The ASR Scorecards database has ranked law firms based on the securitized deals they served as legal advisors on in the first half of 2010.

The rankings are for serving as legal advisors to deal managers as well as to ABS issuers. Equal credit was given to each law firm, regardless of role.

In the deal manager rankings, Bingham McCutchen managed to claim the top rank in 1H10, obtaining credit for $3.48 billion worth of business. McKee Nelson held the top position last year with $6.59 billion in business.

The second placer for 1H10 was Sidley Austin, getting credit for $2.35 billion for this half. The firm's business dropped from $4.23 total over 1H09, although it held on to its second place ranking from last year.

Mayer Brown came in third, receiving credit for $1.35 billion, a substantial increase over $394.8 million in 1H09.

Rounding out the top five for the deal manager portion of the business was Dechert, which received credit for $1.2 billion, and Orrick, Herrington & Sutcliffe, with credit totaling $1.02 billion.

As advisors for issuers, Mayer Brown claimed the top rank this half, advising issuers on $4.08 billion deals. Skadden, Arps, Slate, Meagher & Flom held the top position in 1H09, gaining credit for $4.5 billion worth of business.

Second place was claimed by Richards, Layton and Finger, receiving credit for $1.98 billion in 1Q10, which is a decline from the firm’s $3.66 billion total in 1H09.

Bingham McCutchen came in third, advising issuers on $1.92 billion deals for which it received credit, a decrease from $2.59 billion in 1H09.

Rounding out the top five were Dewey and LeBoeuf, which advised issuers on $1.25 billion worth of business, and Kirkland & Ellis, receiving credit for $1.03 billion for its issuer business.

A breakdown of the rankings is available on the link below from the ASR Scorecards database.

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