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
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
M&A tables big business for law firms

M&A tables big business for law firms

The dye is cast, the deals have been counted, and law firms are angling for the top positions of the merger and acquisition leagues tables.

THE dye is cast, the deals have been counted, and law firms are angling for the top positions of the merger and acquisition leagues tables.


A host of newly released tables ranks law firms in terms of deal count, deal volume, region and market share. 


For Australian law firms, the high profile Bloomberg, Thomson Reuters and Mergermarket tables are a prestigious calling card to show clients which deals have been won, completed, and how many. The only problem is, the league tables, which have been released one by one in the past week, don't all agree on these points. 


Yesterday The New Lawyer revealed that Mallesons Stephen Jaques has topped the M&A leagues tables for the first three quarters in terms of deal value, based on the newly released Mergermarket tables. Freehills, meanwhile, did the most deals, with 36 deals worth US$12,847 (AUD$14,169) million. 


The Bloomberg tables, also just released, shows Freehills as leading the tally, with 61 deals worth US$16,304 (AUD$17,994) million. Mallesons, meanwhile, comes fifth on the tables, with 26 deals worth US$9,887 (AUD$10,909) million. 


In the Bloomberg tables, Mallesons is also topped by Allens Arthur Robinson, whose 43 deals were valued at US$18,489 (AUD$20,404) million, Clayton Utz, whose 41 deals were worth US$4,144 (AUD$4,573) million, and Blake Dawson, whose 40 deals were valued at US$13,644 (AUD$15,057) million. 


The Thomson Reuters tables show another picture, ranking Freehills first in terms of number of deals and deal value of completed deals. 


Andrew Pike, corporate and M&A partner at Freehills, noted today that each of the various M&A league tables have different methodologies. 


"I think the consistent message that comes out of them is that we rank number one or thereabouts in all of them in terms of number of deals, and we have done over time. And we think that's the real test of the market's choice - they are coming to us more than they are coming to others," Pike said in an interview with The New Lawyer.


Mergermarket says its rankings are different because the database criteria of the three providers are different from one another. Mergermarket has a threshold on deal value at US$5 million, and stake size at 30 per cent or more for inclusion in the global league tables.  


Mergermarket also has a set of criteria on what constitutes as an eligible M&A deal and how a deal is valued, which differs from that of Bloomberg or Thomson Reuters. Mergermarket also includes eligible deals that are announced within the calendar year, regardless of whether they are completes. For legal advisers, it also includes lapsed and withdrawn bids in its rankings, by default, it said today. The other two providers also provide tables of completed deals.




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

M&A tables big business for law firms
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
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 & ...