find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Norton Rose pushes in on M&A league tables

Norton Rose pushes in on M&A league tables

Norton Rose is getting in the way of Australian law firms' league table rankings.

NORTON Rose is getting in the way of Australian law firms' league table rankings. The international firm, which merged this year with local firm Deacons, is the highest-ranked law firm with an Australian office in the newly released mergers and acquisitions leagues tables.

Mallesons Stephen Jaques, Allens Arthur Robinson and Freehills, to name a few, have long jostled for the top ranks in the various league tables, released quarterly, yearly, or twice-yearly by Mergermarket and Thomson, among others.

The top Australian law firms have traditionally slipped up and down the ranks, depending on which mega deals they scooped, and which ranking terminology was used year on year.

Often Freehills will have done the most deals, but Mallesons will rank highest in terms of value, and other firms have occasionally budged them for the top spots in the tables.

Allens and smaller law firm Johnson Winter & Slattery have also ranked at the top two or three in recent years. Sometimes the likes of Linklaters will squeeze into the top spots on some tables.

In Mergermarket’s newly released M&A round-up for the first half of 2010 for the Asia-Pacific, deals were up 11 per cent from the same period last year.

Australia accounted for 21.7 per cent of Asia-Pacific M&A in the first half of the year, while China and Hong Kong still dominated the market, with more than 30 per cent of M&A.

Norton Rose, with its strengths in these markets, then, ranked high in the newly released tables for the Asia-Pacific.

The largest deal announced in the second quarter of 2010 was Australian-based Newcrest Mining’s offer for Lihir Gold, valued at $8.3 billion. On that deal, Allens advised Newcrest with Sidley Austin, while Mallesons advised the Bank of America Merrill Lynch, for Newcrest. Blake Dawson, meanwhile, acted for Lihir Gold.

Freehills also scooped the second largest deal of the Q2, acting for AXA SA on the acquisition of AXA Asia Pacific Holdings. Allens and Mallesons, meanwhile, advised the seller on the $8.6bn deal.

It was these firms that ranked highest among the Australian players in M&A this past quarter. While Herbert Smith topped the rankings with $50.2bn worth of deals (8 deals), and Slaughter and May came in third with 9 deals worth $40.5bn, Norton Rose did 17 deals worth $39.1bn, a massive increase on last year’s ranking of 62.

Allens Arthur Robinson ranked 11 in the Asia-Pacific tables (down on last year’s rank of 6), with 15 deals worth $21.2bn. Mallesons Stephen Jaques is ranked at 12 (down on last year’s rank of 4), with 28 deals worth $23.4bn.

Freehills, meanwhile, stayed at rank 16 in the tables, with 27 deals worth $14.7bn. Baker & McKenzie ranked at 17 with 20 deals worth $10.8bn and Blake Dawson at 18 with 13 deals worth $10.8bn.

Mergermarket suggests that there are signs that M&A might be cooling down in the region. The second quarter 2010 saw 455 deals, with a total value of $64.1bn, the lowest Q2 period since Q2 2006, it 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

Norton Rose pushes in on M&A league tables
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
Oct 23 2017
Lawyers slam rushed consultation for SA repeat offenders bill
The Law Society of South Australia has expressed concern for a proposal to roll out new laws amendin...
Oct 23 2017
The pursuit of happiness in the law
A panel of legal experts have explored how to define success in the legal profession, and how lawyer...
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 & ...