Credit: Hyeon Jin Kim/ALM; Adobe Stock: paul_craft; svetazi Deal Tables Turned: The Rise of Domestic Law Firms
From Asia Pacific to the U.K. and Europe the trend is the same: local firms are rising up the M&A rankings at the expense of larger international firms.
March 27, 2023 at 06:00 PM
9 minute read
The original version of this story was published on The American Lawyer
It would be tempting to think the slump in global M&A over the last 12 months has been universally bad for corporate law firms. But certain types of firms appear to be at least taking market share among the malaise.
As cross-border M&A activity declined in each quarter of 2022, domestic firms climbed legal adviser rankings for M&A work. It would appear that law firms working on M&A deals with a domestic focus have managed to seize an opportunity to capitalize on a general slowdown in multijurisdictional work.
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