A recent report has ranked law firms for Australasian M&A deals in Q1 2017, with several top-tier firms vying for the number one spot.
Mergermarket’s Global and regional M&A: Q1 2017 report revealed the top legal advisers for M&A around the world. It said that while activity in the Asia-Pacific region was relatively slow compared to the two previous years, it was still the third-highest valued Q1 on Mergermarket’s records since 2001.
Australia experienced its second highest valued Q1 since 2001, up 56.1 per cent on Q1 2016.
King & Wood Mallesons topped the list of legal advisers in the Australasian region by deal value, with US$13,269,000. This was a 35.5 per cent drop in value from Q1 2016.
Allens came second with US$12,639,000, while Herbert Smith Freehills ranked third with US$6,231,000.
Gilbert + Tobin, Allen & Overy, Baker McKenzie, MinterEllison, Linklaters, Clifford Chance and Ashurst rounded out the top 10.
While five of the top six firms recorded a decrease in deal value from Q1 2016, two firms in the top 10 recorded high growth.
Allen & Overy and Clifford Chance both significantly increased their deal value compared with Q1 2016, with 1,194 per cent and 8,652 per cent growth respectively.
In terms of deal count, Mergermarket reported a tie for first place. Herbert Smith Freehills and MinterEllison each advised on 14 deals in the quarter, down from 16 in Q1 2016.
Gilbert + Tobin was a close second with 13 deals, while KWM came fourth with 11.
Corrs Chambers Westgarth, Thomson Geer, Baker McKenzie, Talbot Sayer Lawyers, Norton Rose Fulbright and Allens completed the top 10.
Allen & Overy recently reported that global cross-border M&A reached a 10-year high in Q1 2017.