Mergers & Acquisitions
Global Dealmaking Drops More Than Two-Thirds for Big Law Firms
Posted Apr 1, 2008 5:56 AM CDT
By Debra Cassens Weiss
Mergers and acquisitions work has plummeted by more than two-thirds for large law firms, according to new figures on the number of clients represented.
The top 10 law firms represented 180 clients in global mergers-and-acquisitions deals for the year’s first quarter, down from 662 representations last year, according to preliminary figures from Dealogic obtained by the Wall Street Journal Law Blog.
Law firms represented 141 clients in domestic deals, down from 302 representations last year.
The top law firm for M&A deals handled was Sullivan & Cromwell, Law Blog reports. Skadden, Arps, Slate, Meagher & Flom and Simpson Thacher were close behind.
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