Law Firm Merger Activity Declining Slightly
According to a recent report published by Hildebrandt International, U.S. law firms were involved in 31 mergers in the first half of 2006. This represents a slight decline from 2005, where firms entered into 34 mergers over the same period. The largest completed law firm merger of 2006 so far...
August 04, 2006 at 07:45 AM
40 minute read
The original version of this story was published on Law.com
According to a recent report published by Hildebrandt International, U.S. law firms were involved in 31 mergers in the first half of 2006. This represents a slight decline from 2005, where firms entered into 34 mergers over the same period.
The largest completed law firm merger of 2006 so far was the combination of Bingham McCutchen with Swidler Berlin, which created a 950-lawyer firm. Four other mergers involved the combination of two firms with at least 50 lawyers each. The remaining mergers involved smaller firms. About half the deals involved two firms located in the same state.
In other law firm news, Global Securities Information Inc. recently published its quarterly rankings of the top legal counsel for mergers and acquisitions.
Wachtell Lipton Rosen & Katz topped the rankings for the second quarter of 2006, having served as lead counsel on 14 completed deals that were worth a total transactional value of almost $56 billion. Skadden Arps Slate Meagher & Flom came in a close second, brokering 21 deals worth approximately $55 billion.
The rankings were as follows:
1. Wachtell Lipton Rosen & Katz, 14 deals worth a total of $55.9 billion
2. Skadden Arps Slate Meagher & Flom, 21 deals worth a total of $55.1 billion
3. Shearman & Sterling, 9 deals worth a total of $35.8 billion
4. Hogan & Hartson, 7 deals worth a total of $35.3 billion
5. Latham & Watkins, 18 deals worth a total of $31.0 billion
6. Sullivan & Cromwell, 12 deals worth a total of $ 28.9 billion
7. Jones Day, 8 deals worth a total of $28.1 billion
8. Baker & McKenzie, 11 deals worth a total of $27.4 billion
9. Fried Frank Harris Shriver & Jacobson, 5 deals worth a total of $26.2 billion
10. Hengeler Mueller Weitzel Wirtz, 2 deals worth a total of $22.7 billion
Source: Global Securities Information, Click Here
According to a recent report published by Hildebrandt International, U.S. law firms were involved in 31 mergers in the first half of 2006. This represents a slight decline from 2005, where firms entered into 34 mergers over the same period.
The largest completed law firm merger of 2006 so far was the combination of
In other law firm news, Global Securities Information Inc. recently published its quarterly rankings of the top legal counsel for mergers and acquisitions.
The rankings were as follows:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10. Hengeler Mueller Weitzel Wirtz, 2 deals worth a total of $22.7 billion
Source: Global Securities Information, Click Here
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllGoogle Fails to Secure Long-Term Stay of Order Requiring It to Open App Store to Rivals
Rates Will Go Up (Again), But Here's Why Profitability Might Not Be Maximized
4 minute readFinancial Services Has a Trust Problem. Can GCs Help Right the Ship?
Trending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250