NEW YORK, Jan. 21, 2009 (GLOBE NEWSWIRE) -- Sichenzia Ross Friedman Ference LLP (SRFF) has again earned the title of the Nation's leading PIPE issuer law firm, as ranked by the industry-standard PIPEs Report, published by Deal Flow Media, and Placement Tracker, published by Saigent Research. This milestone marks the 5th consecutive year since 2004 that the Firm has been recognized the Nation's leading law firm for representing issuers in PIPEs transactions.
The PIPEs Report and Placement Tracker rankings reflect the Firm's dominance in this area since 2004 through both bull and bear markets. In 2008, according to the PIPEs Report, the Firm represented 30 issuers in transactions totaling $152 million for an average of $5 million. In 2007, the firm represented 62 issuers in transactions totaling $346 million for an average of $6.2 million per transaction. When initially ranked #1 in 2004, the firm represented 39 issuers in $155 million of PIPEs transactions averaging $4 million each. Numbers the following year rose to 60 deals totaling $234 million and averaging $4 million, and in 2006, the firm represented 70 issuers in transactions valued at $276 million and averaging $4 million.
While the Firm represented issuers on fewer transactions than in previous years, they recognize the significance of this milestone in these turbulent economic times. "We are particularly proud of our accomplishments as a Firm and as a leading member of the PIPEs community in 2008," said Gregory Sichenzia, founding partner of SRFF. "Given the economic conditions, this recognition is more meaningful to us than the recognition we have received in past years. Our ability to complete 30 issuer transactions as well as transactions in which we acted as counsel to investors or Placement Agents reflects the exceptional legal team that we have built at SRFF."
"We view this recognition both as a symbol of our firm's achievement and as evidence of the trust our clients have placed in us to help them meet their funding needs," Sichenzia concluded. "As the PIPEs industry continues to face new challenges we hope to maintain our position as the top rated issuer counsel in the country by advancing innovative solutions to the problems at hand and to provide further opportunities to help businesses in their capital-raising activities."
Sichenzia Ross Friedman Ference LLP (SRFF) provides experienced, professional representation in all matters involving the securities industry, as well as in all general corporate and litigation matters. SRFF's clients range from start-ups to established, listed companies. They include private and public corporations, partnerships, broker-dealers, bank-affiliated broker-dealers, investment advisors, registered personnel, public and corporate customers and investors, partnerships and other entities. SRFF also advises institutional investors on transactions involving complex securities law considerations. Visit us at www.srff.com.