Credit: Blue Planet Studio/Adobe Stock Deal Watch: Deals Flow as Institutional Lenders and Their Lawyers Look for a Bounceback in Capital Markets Revenue
S&P predicts "flat to 10% growth" in capital markets revenue for institutional lenders for 2024.
May 07, 2024 at 04:24 PM
9 minute read
What You Need to Know
- Gibson, Skadden, Goowin and Cleary were among the firms ushering in billion-dollar deals last week.
- For many firms, the return of institutional lending and syndicated loans could drive strong revenue growth in 2024, if it happens.
There were no megadeals over $5 billion in value reported this past week, but there were eight announced deals over $1 billion, as 2024 continues to outpace 2023 in the amount of deal value. The availability of capital may be partly fueling deal flow, according to a recent examination by S&P.
The ratings company predicts a "flat to 10% growth" in capital markets revenue for institutional lenders for 2024 after another down year in 2023. That's likely good news for the banks and the law firms that represent them.
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Law Firms Mentioned
- Sidley Austin
- Skadden, Arps, Slate, Meagher & Flom LLP
- Eversheds Sutherland
- Wachtell, Lipton, Rosen & Katz
- A&L Goodbody
- Holland & Hart LLP
- Cleary Gottlieb Steen & Hamilton
- Sichenzia Ross Friedman Ference Llp
- Cahill Gordon & Reindel
- Davis Polk & Wardwell
- Gibson, Dunn & Crutcher
- Fried, Frank, Harris, Shriver & Jacobson
- Kirkland & Ellis
- Simpson Thacher & Bartlett
- Wilson Sonsini Goodrich & Rosati
- Freshfields Bruckhaus Deringer
- Goodwin Procter
- Greenberg Traurig
- Holland & Knight LLP
- Hogan Lovells
- Latham & Watkins
- Norton Rose Fulbright
- Ogier
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