Big Deals: Linklaters Leads, Freshfields Follows, A&O Best of the Rest
As the first quarter of 2009 creeps to an end the shrunken M&A market has a clear leader. Linklaters maintains its position from 2008 at the top of the deal pile this quarter. According to Mergermarket it has held onto its position as the busiest legal adviser on European mergers and acquisitions; the firm advised on 39 deals worth a total value of $59.6 billion. Despite this, the firm showed a 60 per cent fall in M&A activity across …
As the first quarter of 2009 creeps to an end the shrunken M&A market has a clear leader. Linklaters maintains its position from 2008 at the top of the deal pile this quarter. According to Mergermarket it has held onto its position as the busiest legal adviser on European mergers and acquisitions; the firm advised on 39 deals worth a total value of $59.6 billion. Despite this, the firm showed a 60 per cent fall in M&A activity across Europe – the lowest level since 2001!
Freshfields Bruckhaus Deringer followed , advising on 30 deals worth $91.4 billion.
Allen & Overy advised on 19 deals worth $12.9 billion.
CMS Cameron McKenna advised on 18 deals worth $3.85 billion.
And Slaughter and May, Clifford Chance, and DLA Piper all advised on 14 deals each.
So whilst one has to contain one’s excitement, at least there are signs that business has not come to a complete halt…
April 3, 2009
Linklaters may have topped by volume but its Freshfields by value.
April 3, 2009
grapes
April 3, 2009
Linklaters are likely to remain at the top for a while with deal volumes crashing like this.
April 3, 2009
Yea but its a smaller pile