A year-end report by Dealogic says general counsel most often turned to Goldman Sachs Group Inc. as their global financial adviser on mergers and acquisitions and to Skadden, Arps, Slate, Meagher & Flom as their law firm in a record-setting year that saw the volume of deals break the $5 trillion mark for the first time.

As our sister publication, American Lawyer, reported earlier, it was also a record year for Skadden, which handled more than $1 trillion worth of transactions, or about 20 percent of the market share, according to the report. Ranked second was Cravath, Swaine & Moore, while Wachtell, Lipton, Rosen & Katz ended the year in third place, according to data cited by Financial Times.

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