find the latest legal job
Legal Inhouse / Lawyer / Company Secretary
Category: Other | Location: Brisbane QLD 4000
· Fantastic Company · Potential to be Part Time / Flexible Work Pattern
View details
Part Time Risk & Compliance Officer
Category: Other | Location: Brisbane QLD 4000
· Brisbane City · Flexible Part Time Hours
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
In-House Legal Counsel (Mid to Senior)| Regulated Markets (Energy and Gas)
Category: Generalists - In House | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Full PD on Request · Exciting High Impact Role
View details
Family Lawyer
Category: Family Law | Location: Eastern Suburbs Melbourne VIC
· Boutique Firm · Great Reputation
View details
Canadian firm leaves top tier trailing

Canadian firm leaves top tier trailing

A Canadian firm with a small Sydney office has out-performed Allens, Mallesons and Freehills, according to an M&A survey.Stikeman Elliot has rocketed to the number two position on the…

A Canadian firm with a small Sydney office has out-performed Allens, Mallesons and Freehills, according to an M&A survey.

Stikeman Elliot has rocketed to the number two position on the Thomson Reuters Legal Advisor Tables for announced deals in Australia and New Zealand for the first nine months of 2010.

This is a stunning result for the firm, as at the same period in 2009, it was ranked 63 for announced deals in Australia and New Zealand.

Stikeman Elliot has over 500 staff spread across five offices in Canada, with additional smaller operations in New York, London and Sydney.

It is used to dominating the Canadian M&A tables, but the firm does not usually act on major transactions emanating from Australia. It has acted for Australian clients including Telstra, One Steel and Westfield on major financial and commercial transactions in Canada.

Stikeman Elliot's big ticket item was acting as the adviser to Canada'a Potash Corp in relation to BHP Billiton's US$39 billion (A$39.5 billion)hostile takeover bid, the largest announced deal globally for the first three quarters of 2010.

Stikeman Elliot Sydney managing principal Brian Hansen was unavailable for comment when contacted by Lawyers Weekly.

Only Blake Dawson finished ahead of the Canadian firm, advising on announced deals worth over $US 72 million, as compared to the Canadian firm's $55.8 million deal value.

Skadden, Arps, Slate, Meagher & Flom, Slaughter & May and Jones Day round out the top five. The American firms Skadden and Jones Day also have offices in Sydney.

The Australian firms performed better in terms of deals completed.

Blake Dawson also topped this table, coming out ahead of Allens, Mallesons, Freehills and Sidney Austin LLP. Blakes acted on 39 deals, with a value of $18.6 million. Allens acted on slightly more deals (42), but with a total value of around $17.7 million.

Stikeman Elliot finished sixth on this table (up from 55 last year), ahead of Gilbert + Tobin, Minter Ellison, Clayton Utz and Corrs Chambers Westgarth.

According to Thomson Reuters, worldwide M&A was up 21 per cent from comparable 2009 levels. Australia recorded a modest increase of 10.6 per cent as compared to M&A deals in the first three quarters of 2009.

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

Canadian firm leaves top tier trailing
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Nov 22 2017
Reduced investment protections will make robust commercial arbitration mechanisms all the more critical for investors
Promoted by Maxwell Chambers. This article discusses the current trend away from investor protect...
Nov 22 2017
‘Document tsunami’ driving lawyers to upskill in TAR
A prominent Victorian judge has highlighted the growing need for lawyers to expand their knowledge o...
Defamation expert appointed to lead Victorian Bar
Nov 22 2017
Defamation expert appointed to lead Victorian Bar
The Victorian Bar has named Dr Matt Collins QC as its new president, with an additional eight member...
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 & ...