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
National firms outscore global rivals

National firms outscore global rivals

National law firms have dominated the latest Bloomberg M&A league tables.According to Bloomberg, the Asia-Pacific region bucked the trend of a global 12 per cent drop in M&A activity for…

National law firms have dominated the latest Bloomberg M&A league tables.

According to Bloomberg, the Asia-Pacific region bucked the trend of a global 12 per cent drop in M&A activity for Q3 2011, when compared with the same period last year. The Asia-Pacific region had a 4 per cent increase in activity as compared to 12 months ago, in stark contrast to Europe, the Middle East and Africa, which experienced a 30 per cent reduction in M&A activity.

Despite the recent arrival of large global law firms in Australia, national firms came out on top for both deal count and deal value.

According to Bloomberg, Minter Ellison has acted on the most announced deals for the first nine months of this year (57), with Allens Arthur Robinson having the largest share of deal value, with $US42.6 billion ($44.2 billion).

Allens is also ranked second for deal count, behind Minters, with Mallesons Stephen Jaques, Freehills and Clayton Utz rounding out the top five.

"We haven't seen the global law firms impact our client base or work flow too much so far," said Allens Brisbane-based M&A partner Chelsea Drake. "We had a very successful year last year despite the arrival of A&O and Clifford Chance ... and we have also been very successful so far this year."

Both Allens and A&O acted on the $9.9 billion SABMiller takeover of Foster's, with Allens also advising on notable deals such as the $4 billion merger between the Seven Media Group and West Australian Newspapers.

By announced deal value, Mallesons ($US35.9 billion), Simpson Thatcher & Bartlett LLP ($US33 billion), Freehills ($US30.4 billion) and Clayton Utz ($US27.7 billion) round out the top five after Allens.

English-based global law firms Clifford Chance and Allen & Overy, which have offices in Sydney and Perth, ranked tenthand fourteenth respectively by deal count. A&O also ranked sixth by deal value.

Some notable movers in the rankings included Corrs Chambers Westgarth, which moved from last year's ranking of tenth to sixth by deal volume, and Jones Day, the American-based global firm with an office in Sydney, moved from a ranking of fifteenth to eleventh.

Thomson Reuters also released its worldwide M&A legal advisory league tables for announced deals for the year to the end of September.

According to Thomson, while worldwide M&A activity is up by 22 per cent on the first nine months of 2010, quarterly volume fell by 18 per cent between July and September.

Simpson Thatcher & Bartlett, Sullivan & Cromwell, Davis Polk & Wardell, Latham & Watkins and Freshfields Bruckhaus Deringer are the leading global law firms by deal value for the first nine months of 2011, according to Thomson Reuters.

Clayton Utz and Mallesons are the leading Australian firms, ranked eighteenth and twenty fourth respectively.

The Thomson survey showed a slight increase in Q3 M&A activity in Asia, as compared to Q3 2010, but noted a global quarterly fall of 18 per cent.

"There has certainly been growing uncertainly in global markets over the last few weeks, but it has not impacted on deal flows in the Australian market yet," said Drake. "There seems to be an insatiable appetite for resources in Australia, so the Australian M&A market should continue to be insulated due to the amount of resources work."

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

National firms outscore global rivals
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
Lawyers warn against mandatory sentencing measures amid political jeers
Mandatory sentencing has become a topic for politicians on both sides of Federal Parliament to jostl...
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 & ...