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
Senior Government Lawyer
Category: Other | Location: Canberra ACT 2600
· FINANCE LEGAL AND GOVERNANCE GROUP | CANBERRA, ACT · EXECUTIVE LEVEL 1 (ONGOING)
View details
Smaller M&A pool shakes up rankings

Smaller M&A pool shakes up rankings

A drop in M&A activity has seen a shake up of law firm rankings on the Thomson Reuters league tables, with Gilbert + Tobin re-entering the top ten in terms of announced deals.According to…

A drop in M&A activity has seen a shake up of law firm rankings on the Thomson Reuters league tables, with Gilbert + Tobin re-entering the top ten in terms of announced deals.

According to Thomson Reuters, there was a global increase in value of nearly 10 per cent for M&A deals from January to June 2010 as compared to the first six months in 2009.

However, Australia suffered a major drop in activity. For the first half of this year, M&A activity in Australia decreased by more than one third as compared to 2009, from $107.7 billion to $71.3 billion

Freehills acted on 34 completed deals with a combined value of $7.18 billion for the review period, well ahead of the next best firm, Clayton Utz (36 deals, $5.66 billion) and Blake Dawson (25 deals, 4.82 billion). Major transactions that Freehills acted on over the last six months include the Seven Network's $2.5 billion merger with WesTrac.

Allens was the leading firm with regard to announced M&A deals for the first half of the year ($29.74 billion), ahead of Mallesons Stephen Jaques ($29.22 billion) and Blake Dawson ($28.45 billion).

Magic Circle firm Freshfields were the big movers in the Thomson table, improving their ranking for completed deals from 27 for the first six months in 2009 to five for the current period. In terms of announced deals, Gilbert + Tobin and Minter Ellison both moved into the top 10, ahead of firms including Clayton Utz, Corrs Chambers Westgarth and Baker & McKenzie.

Senior partners from both Freehills and Allens cited the stand-off with regard to the Resources Super Profits Tax as being the key reason for the reduced level of M&A activity in so far this year. With the issue resolved, both firms are confident that some uncertainty in the market has been removed.

"We think the announcement last Friday of an agreement between the Government and industry on the Minerals Resource Rent Tax will help M&A activity, although the impact might not be felt until after the election," said Guy Alexander, Allens co-head of M&A.

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

Smaller M&A pool shakes up rankings
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
Applauds
Aug 21 2017
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
Mentoring
Aug 21 2017
Top-tier offers targeted mentoring for Indigenous law students
Students at Macquarie University will be the first to benefit from a new Indigenous mentoring progra...
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 & ...