Linklaters advises on 57 ECM deals while A&O is instructed on 473 DCM deals in 2010

Linklaters and Allen & Overy (A&O) have topped Thomson Reuters' EMEA equity and debt capital markets rankings for the full 2010 calendar year.

Linklaters has held its spot at the top of the equity capital markets (ECM) rankings by manager, advising underwriters on 57 deals worth a total of $39.2bn (£24.8bn). The tally equates to four more deals than in 2009 – although the value is down from last year's figure of $53.3bn (£33.7bn) – putting it significantly ahead of its nearest rival by volume, Davis Polk & Wardwell, which advised on just 14 deals.