find the latest legal job
Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
View details
Academic Dean and Head of School of the TC Beirne School of Law
Category: Other | Location: Brisbane QLD 4000
· An outstanding opportunity · Provide educational, research and organisational leadership
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: Arncliffe NSW 2205
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: All Sydney NSW
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
View details
Senior Property Lawyer I Commercial Litigator
Category: Property Law | Location: Sydney NSW 2000
· Rapidly growing law firm, working with a highly experienced team in a high growth industry across all areas of property and strata law
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:

Book commemorates diamond milestone for WA law society

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

NSW proposes big justice reforms to target risk of reoffending

M&A tables big business for law firms
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Gavel, legal book, criminal lawyers
Jan 19 2018
Three criminal lawyers named NSW magistrates
The NSW Attorney-General has announced the appointment of three new local court magistrates. ...
Warning
Jan 18 2018
Lawyer highlights ‘unintended consequences’ on SSM estate planning
A succession lawyer has warned that the right for same-sex couples to legally marry could have a sub...
drug rehabilitation services available in rural and remote communities
Jan 18 2018
ALS survey shines spotlight on insufficient rehabilitation services
A new survey posted by the Aboriginal Legal Service (NSW/ACT) has revealed an alarming insight into ...
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 & ...