find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Corporate/M&A Lawyer (3+ years PAE)
Category: Corporate and Commercial Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Top tier, national firm · Work closely with leading Partners and Senior Practitioners
View details
Blakes rakes in M&A work

Blakes rakes in M&A work

BLAKE DAWSON WALDRON’S work on mergers and acquisition deals ranked a value of more than US$15.4 ($18.8) billion in just the first quarter of the year, making it the highest ranking legal…

BLAKE DAWSON WALDRON’S work on mergers and acquisition deals ranked a value of more than US$15.4 ($18.8) billion in just the first quarter of the year, making it the highest ranking legal adviser in M&A work with any Australian involvement.

The firm has attributed its success in the Thomson Financial league tables in part to its strength in ACCC work, the competition aspects of M&A, as well as its work in tax. A lot of these big transactions, partner Bill Koeck told Lawyers Weekly, are coming through these areas.

Even if a client has another tax adviser, the firm is offering value through its tax expertise, which Duncan Baxter heads up. In this way, the ACCC work and tax work are closely related, Koeck said.

“You can’t separate them because to develop strategy you need to cover all those aspects. We work together a lot so whatever ideas and structures we come up with in a corporate sense, and whatever we recommend to a client, we know it is going to work,” he said.

As well, the M&A practice works hand in hand with its equity capital markets practice, which is also busy. Koeck said many transactions involve the issue of some securities as consideration, or are partly funded through the issue of securities. So the ECM and M&A practices often converge.

Not surprisingly, Koeck attributes the firm’s recent success in M&A to its national team, not just one or two individuals. Sharing the position of joint head of M&A with Koeck is Marie McDonald, who is currently working on the sale of Alinta. As well, David Williamson works in the practice. “We have many young lawyers in Melbourne and Sydney, and really across the board, coming through,” he said.

The firm’s success in the Thomson tables is “the depth of talent and expertise being recognised”, he said.

“We have a really strong national team that is able to execute these deals. And these are only the headline deals. We have a great number of smaller deals that are very important to us.”

But Koeck won’t accept all the limelight, and said it is a very busy time for all major Australian firms involved in M&A.

Allens Arthur Robinson ranked second in the tables, with six announced deals worth US$5.4 ($6.6) billion since 1 January, taking 11.2 per cent of the market share. Baker & McKenzie came in at 13, with seven deals and 6.2 per cent of the market share in the Australian involvement tables.

Blakes acts for Alinta on the estimated US$6.1 ($7.5) billion deal, and the sale by Eastman Kodak of its Health Group to Onex Healthcare Holdings, with an estimated value of US$2.5 ($3.1) billion.

Koeck said despite its success and obvious ability to handle the big deals, the firm would welcome more talent in the M&A area.

“We would certainly like to add to our team — really from two to three year lawyer out to senior associate level,” he said.

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

Blakes rakes in M&A work
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
Applauds
Aug 21 2017
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
Mentoring
Aug 21 2017
Top-tier offers targeted mentoring for Indigenous law students
Students at Macquarie University will be the first to benefit from a new Indigenous mentoring progra...
APPOINTMENTS
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'...
opinion
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...
Help
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 & ...