find the latest legal job
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
View details
Freelance Project Finance Lawyers
Category: Other | Location: All Australia
· Vario are looking for freelance lawyers with experience in project finance ideally within the renewable energy sector
View details
Vario Freelance Lawyers
Category: Construction Law | Location: All Australia
· We are looking for lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Freelance Construction Lawyers
Category: Construction Law | Location: All Melbourne VIC
· We are looking for construction lawyers who appreciate the endless possibilities that a freelance career can offer.
View details
Banking Associate - 1-6PQE - Allen & Overy
Category: Banking and Finance Law | Location: United Kingdom
· Banking Associate - 1-6 PQE - Allen & Overy
View details
Allen & Overy top regional firm

Allen & Overy top regional firm

Local deals such as the $12.3 billion sale of Foster’s have helped Allen & Overy claim top spot in an M&A survey for the Asia-Pacific last year.

Mergermarket has released its tables of legal advisers across the global M&A sector for 2011.

Its regional analysis found that Allen & Overy acted on the highest value of deals last year in the Asia-Pacific (ex-Japan), with a role on deals with a combined value in excess of $US50 billion.

Australia firms Freehills and Allens Arthur Robinson were ranked second and third respectively, both advising on deals with a combined value of over $US43 billion.

Simpson Thatcher & Bartlett and Freshfiels Bruckhaus Deringer round out the top five, with the next highest Australian firms being Corrs Chambers Westgarth (eighth), Blake Dawson (ninth) and Clayton Utz (10th).

Mallesons Stephen Jaques rounded out the top 20, which was a heavy drop from last year’s position of sixth.

The strong performance of A&O and Allens in the Mergermarket table was heavily bolstered by both firms acting on the Foster’s sale, which was the largest M&A deal in the region in 2011.

“We think that when clients are buying legal services for these types of transactions, that you want to be competitive in your pricing, but clients understand that if you want the best product and the best service, you need to pay market rates,” said Sydney based M&A corporate partner Aaron Kenavan when asked by Lawyers Weekly how the firm finds the balance between competing on price and expertise in the Australian M&A market.

Unlike the Thomson Reuters and Bloomberg M&A league tables which came out last week, the Mergermarket analysis doesn’t have a distinct section on Australia and New Zealand.

According to the Bloomberg analysis, Allens Arthur Robinson ($US45.3 billion), Freehills ($US36.3 billion), Mallesons Stephen Jaques ($US33.8 billion), Clayton Utz ($US33.5 billion) and Simpson, Thatcher & Bartlett ($US33.3 billion) were the top five firms acting on announced deals in Australia and New Zealand by value. By deal count, Minter Ellison, with 93 deals, led an all top tier top five that included Freehills (62), Mallesons (57), Allens (55) and Clayton Utz (55).

The Thomson Reuters table also painted a picture of top-tier domination, with Freehills emerging as the leading firm by value for completed deals ($63.5 billion), ahead of Clayton Utz ($57.3 billion), Allens ($50.9 billion), Blake Dawson ($49.3 billion) and Mallesons ($46.6 billion).

After its first full year in Australia, Allen & Overy moved from 36th in 2011 to ninth in the Thomson Reuters table on completed deals. Other significant movers included Johnson Winter & Slattery (38th to 11th), and Clifford Chance (42nd to 22nd).

A&O also came in at number one for announced deals in the Asia-Pacific (ex-Japan), and at number three behind Freehills and Clayton Utz for completed deals in the Asia-Pacific (ex-Japan) in the Thomson Reuters survey.

Late last week, A&O released its Q4 2011 M&A Index which showed that Australia remained a popular destination for the leading global acquiring countries, being a top 10 target market for the USA, Japan, Canada, China (including Hong Kong) and Switzerland.

Australia has strategically attractive and important assets and resources is the most obvious of those,” said Kenavan. “The second reason why Australia is attractive to global investors is that our economy is relatively well positioned compared to many other developed nations.

“If people are looking to find growth in markets that have a lower risk then the traditional or emerging markets, then Australia is a good place to invest.”

Similar to the Thomson and Bloomberg tables, the A&O index showed a significant decrease in deal flow for Q4 2011 as compared to Q4 2010.

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

Allen & Overy top regional firm
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Jan 23 2018
Disrupting traditional archiving and storage methods
Promoted by Fileman TRENDS COME and go but technology and its disruption to the legal landscape h...
Scales of Justice
Jan 23 2018
WA to close ‘legal loophole’ on gender reassignment laws
Laws in Western Australia will soon change to permit married people to undergo gender reassignment s...
Lawyers take to Twitter to share career stories
Jan 22 2018
Lawyers take to Twitter to share career stories
The #mypathtolaw hashtag has been embraced by legal eagles to swap stories with the Twitter communit...
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 & ...