Global firms dominate Australian deals
Global firms have outperformed national firms in transactions over the last six months, according to a new report.
The new league table from Mergermarket ranked firms by deal count and deal value for the first six months of the year, to determine which firms have been the nation’s most notable legal advisers.
According to the table, global firm King & Wood Mallesons achieved the number one position in both categories, recording a total of 28 transactions and an overall deal value of US$24.15 billion (AU$31.78 billion) during the period.
Herbert Smith Freehills recorded the second-highest number of deals, with 25 transactions in Australia over the six months. This was followed by Allens, with 21 deals.
The highest-ranking national firm was Gilbert + Tobin, which recorded 18 transactions.
MinterEllison rounded out the top five firms in terms of deal count, recording 16 transactions in Australia in H1 2016.
In terms of deal value, Allens ranked second after King & Wood Mallesons, with an overall deal value of US$23.50 billion (AU$30.92 billion).
The next firm to make the table with an Australian presence was Gilbert + Tobin, which recorded an overall deal value of US$20.09 billion ($26.44 billion), followed by Herbert Smith Freehills with an overall deal value of US$13.38 billion (AU$17.61 billion).
Stikeman Elliott, a Canadian corporate law firm that has an office in Sydney, recorded an overall deal value of US$8.98 billion (AU$11.82 billion).
CORRECTION: An earlier version of this article had the figures in millions instead of billions.