find the latest legal job
Part Time Risk & Compliance Officer
Category: Other | Location: Brisbane QLD 4000
· Brisbane City · Flexible Part Time Hours
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
Property Lawyer
Category: Property Law | Location: All Melbourne VIC
· 12 Month Contract · Diverse Work
View details
Family Lawyer
Category: Family Law | Location: Eastern Suburbs Melbourne VIC
· Boutique Firm · Great Reputation
View details
Infrastructure Lawyers
Category: Construction Law | Location: All Perth WA
· We'd be particularly interested to hear from you if you were a lawyer who knows your way around the infrastructure and energy sectors.
View details
Top 15 M&A deals of the year revealed

Top 15 M&A deals of the year revealed

In a exclusive report with mergermarket, The New Lawyer's top 15 M&A deals rankings reveal which Australian law firms worked on the biggest deals of the year.

In a exclusive report with mergermarket, The New Lawyer’s top 15 M&A deals rankings reveal which Australian law firms worked on the biggest deals of the year.

Allens Arthur Robinson worked on 7 of the top 15, as did Freehills, while Blake Dawson worked on 4 and Mallesons Stephen Jaques worked on 3. Other firms featuring in the top 15 deals include Gilbert +Tobin, Johnson Winter & Slattery, Baker & Mckenzie, Clayton Utz and Corrs Chambers Westgarth.

The list of deals, ranging from the BHP Billiton and Rio Tinto’s signing of a binding agreement on combining their vast iron ore operations in Western Australia. The mining giants said the agreement was aimed at savings worth an estimated 10 billion US dollars.

For the law firms involved on the deal, including Allens Arthur Robinson, Blake Dawson and Freehills, as well as international firms Freshfields Bruckhaus Deringer, Linklaters and Slaughter and May, the deal was not only the biggest of the year, it was the biggest ever involving an Australian company. The deal, announced on 5 December, was valued at A$58,000 million, making it the largest on The New Lawyer and mergermarket’s top 15 deals of the year.

While no other deal came close in terms of value this year, Australia some relatively large M&A involving energy and resources companies, experts said.

Paul Quinn, executive partner of Allens Arthur Robinson’s corporate practice, said yesterday the results show that Australia has been ranking well against its global counterparts in mergers and acquisitions in the past year.

“The year has been good,” said Quinn. “It’s been mixed. We certainly haven’t had the volume of deals we had a couple of years ago, but … in relation to Australia, you’ll see the Australian deals sit pretty strong relative to the rest of the word.”

Quinn said Australia features well in the M&A rankings. He said he understood that Australia was sitting in the top five globally in M&A.

Ranking second in the top 15 deals of the year comes the announced Chinalco deal with longtime rival BHP Billiton. Australia shocked China in June when it abruptly spurned the $20 billion investment. The deal included Allens Arthur Robinson, another Australian firm Johnson Winter & Slattery, and acting for Chinalco was Mallesons Stephen Jaques and other international firms.

According to Quinn, law firms are all looking for those big deals. “The strategy is to be involved in as many of the key deals going on that you can be. [Lawyers are] particularly interested in the key high profile deal,” he said.

But law firms have to be in it for the long term if they want to get on the key panels, Quinn said. And that comes down to relationships. Clients will base which firms from their panels they will use on the depth of the relationships they have, he said.

“You’ve strengthened and built that [relationship], he said. You want to be their principal strategic adviser on these types of deals,” Quinn said.

Coming up in 2010, Quinn predicts more energy and resources work in M&A, like Australia saw this year. He expects there to be more consolidation in the energy and resources market. “It’s an area that is fairly hot at the moment.”

Quinn also predicts there will be continued Chinese interest in investing in the resources sector next year.

The top 15 deals of the year can be found here.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Top 15 M&A deals of the year revealed
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Nov 17 2017
It's time for politicians to commit to eradicating domestic violence
The national shame of domestic violence cannot be left unaddressed, writes Christine Smyth. ...
Nov 16 2017
From lawyer in law firm to senior governance professional
Promoted by Governance Institute of Australia As a law graduate, Kate Griffiths never imagined...
marriage equality
Nov 16 2017
Legislation the next hurdle for marriage equality
Lawyers have underscored the importance of ensuring same-sex marriage legislation does not limit ant...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...