From abroad, Freshfields reaps greatest benefits from 2016 record M&A yearFrom abroad, Freshfields reaps greatest benefits from 2016 record M&A year

Freshfields Bruckhaus Deringer has topped the mergermarket value league table of international law firms that advised on M&A deals in the record 2016 calendar year.

The firm, which saw its India practice head Pratap Amin retire late last year, acted on 6 M&A deals with a total value of $15.3bn in 2016, according to data provider mergermarket.

By contrast, in the year before last, Freshfields had failed to even make the top 15 of domestic and international firms, but with a 1039% year-on-year increase in values, 2016 was a bumper for the firm (as it was for everyone: Indian deal activity was the highest on record last year).

In 2016, Freshfields has been buoyed by having bagged many of the largest reported deals, including the $13bn Rosneft buy of Essar Oil, the $1.4bn Lafarge-Nirma deal, and the $1.1bn Mphasis, HP, Blackstone deal with its close Indian friend firm Platinum Partners.

Slaughter and May and Linklaters, next in the rankings, had each acted on five, with total values of around $8bn each. Slaughters, notably, experienced league table value growth of more than 38,000% as against the previous year.

Herbert Smith Freehills and Kirkland & Ellis were involved in around $6.5bn of recorded M&A deals in 2016, having had mandates on six and three transactions respectively.

The top 10 of foreign corporate firms is rounded off by Latham & Watkins, Davis Polk Wardwell, Shearman & Sterling, Norton Rose Fulbright and Simpson Thacher.

Ranks 11 to 15 were taken by Pinsent Masons (which saw a giant 9100% increase in deal values this year, having acted on three), as well as White & Case, Wong Partnership, Troutman Sanders and Weil Gotshal & Manges.

Weil, in 15th place, was the only foreign firm whose deal values reduced marginally in 2016.

Volume game

DLA Piper topped the volumes league table, having acted on 10 deals in 2016, though the total valuation of $566m was not enough to see DLA break into even the top 15 by value.

Shearman was the runner-up in the 2016 volume table with 9 M&A deals to its name.

In 2015...

The highest-ranked foreign firms in 2015’s mergermarket value rankings were Davis Polk Wardwell, Sullivan & Cromwell and Linklaters, each of which recorded total deal amounts of between $2bn and $3bn.

By value: 2016 foreign firm league tables

Rank Firm 2016 value ($) 2016 deal count 2015 value ($) 2015-2016 change in value (%)
1 Freshfields Bruckhaus Deringer 15345 6 1347 1039%
2 Slaughter and May 8471 5 22 38405%
3 Linklaters 7632 5 2234 242%
4 Herbert Smith Freehills 6631 6 731 807%
5 Kirkland & Ellis 6308 3 712 786%
6 Latham & Watkins 3271 6 1077 204%
7 Davis Polk & Wardwell 3172 1 2893 10%
8 Shearman & Sterling 2545 9 613 315%
9 Norton Rose Fulbright 2341 5 1268 85%
10 Simpson Thacher & Bartlett 2312 3 1487 55%
11 Pinsent Masons 1564 3 17 9100%
12 White & Case 1458 6 251 481%
13 WongPartnership 1338 3 580 131%
14 Troutman Sanders 1154 1 - -
15 Weil Gotshal & Manges 1121 3 1194 -6%

Source: mergermarket

By volume: 2016 foreign law firm league tables

Rank Firm 2016 value ($) 2016 deal count 2015 value ($) 2015-2016 change in deal count (%)
1 DLA Piper 566 10 9 1
2 Shearman & Sterling 2545 9 4 5
3 Freshfields Bruckhaus Deringer 15345 6 4 2
4 Herbert Smith Freehills 6631 6 6 0
5 Latham & Watkins 3271 6 3 3
6 White & Case 1458 6 3 3
7 Slaughter and May 8471 5 2 3
8 Linklaters 7632 5 8 -3

Source: mergermarket

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Like +0 Object -1 Tag Along 18 Feb 17, 15:57
Where is Wachtell?
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Like +1 Object -0 Where 18 Feb 17, 20:31
In bengaluru
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Like +3 Object -0 Doing what 19 Feb 17, 12:35
Assisting silicon valley to invest 5 million INR in idlis..
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Like +0 Object -0 H 18 Feb 17, 19:23
Where are A&O and CC?
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Like +1 Object -1 AO CC 19 Feb 17, 18:35
Living up to their reputation of being finance first firms.
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Like +3 Object -0 Free 18 Feb 17, 21:06
He is with lipton
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