Slaughters tops international firm M&A rankings in India thanks to Vodafone, and then someSlaughters tops international firm M&A rankings in India thanks to Vodafone, and then some

Slaughter and May has topped the mergermarket value league table of international law firms that advised on M&A deals in the 2017 calendar year.

The firm acted on 4 M&A deals with a total value of $13.7bn in 2017, according to data provider mergermarket (MM).

Freshfields Bruckhaus Deringer, which had topped the 2016 M&A charts by MM, failed to even make the list this year, just like in 2015 when it had slipped off the charts, while Slaughter was still there after Freshfields in the 2016 table. Freshfields India head Pratap Amin had retired in early 2017.

With a 5352% year-on-year increase in values to $1.3bn and 5 recorded deals, 2017 was a bumper year for Morgan Lewis & Bockius, which had not made the charts last year.

In 2017, Slaughters had grabbed a seat on the $12.2bn Vodafone-Idea deal table, which Freshfields had lost out on.

For the mergermarket rankings of the top 30-some domestic firms and the database's methodology, please check out our report from yesterday.

Value

Davis Polk & Wardwell acted on three deals worth $4.8bn and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian acted on only two deals worth $2.7bn pushing last year's third-ranker Linklaters off the value charts, having acted on 3 deals worth less than a million dollars.

Linklaters was, however, busier than Herbert Smith Freehills, which acted on two bigger deals worth a total of $1.1bn.

While three foreign law firms raked in a total deal value above $2bn, 10 others acted on deals summing up to at least $1bn: Allen & Gledhill, Shearman & Sterling, Ropes & Gray, Drinker Biddle & Reath Mayer Brown, Morrison & Foerster, Skadden Arps Slate Meagher & Flom, Morgan Lewis & Bockius Kobre & Kim, Herbert Smith Freehills and Latham & Watkins.

The last 14 ranks were taken by White & Case, Wong Partnership, Kirkland & Ellis, Borenius Attorneys, Milbank Tweed Hadley & McCloy, Simpson Thacher & Bartlett, Clayton Utz, Sidley Austin, Goodwin Procter, Gibson Dunn & Crutcher, Eversheds Sutherland, Allen & Overy, Bryan Cave, Locke Lord, The Giannuzzi Group, Yulchon and Nishimura & Asahi

Deal values reduced since 2016 for Herbert Smith Freehills, Latham & Watkins, White & Case Wong Partnership, Kirkland & Ellis, Simpson Thacher & Bartlett, Goodwin Procter and Allen & Overy.

Volume

Morgan Lewis & Bockius and Gibson Dunn & Crutcher both topped the volumes league table, having acted on 5 deals in 2017, with only Morgan Lewis breaking into the top 10 by value.

Deal volumes stood significantly reduced since 2016 when DLA Piper had topped the charts with 10 deals.

By value: Mergermarket 2017 international firms M&A league table

2017 rank2016 rankFirm2017 value ($m)2017 Deal Count2016 Value ($m)% Val. Change
17Slaughter and May13,69248,47161.60%
214Davis Polk & Wardwell4,80433,17251.50%
3-Gunderson Dettmer Stough Villeneuve Franklin & Hachigian2,7012--
450Allen & Gledhill1,8254478281.80%
519Shearman & Sterling1,58032,554-38.10%
6-Ropes & Gray1,4152--
7=-Drinker Biddle & Reath1,4151--
7=-Mayer Brown1,4151--
885Morrison & Foerster1,4001532541.50%
984Skadden Arps Slate Meagher & Flom1,3452542390.70%
10113Morgan Lewis & Bockius1,2545235352.20%
11-Kobre & Kim1,1801--
1210Herbert Smith Freehills1,10626,631-83.30%
1313Latham & Watkins1,03933,271-68.20%
1426White & Case93121,576-40.90%
1531WongPartnership92521,129-18.10%
1611Kirkland & Ellis80526,308-87.20%
17-Borenius Attorneys7311--
18-Milbank Tweed Hadley & McCloy7291--
1922Simpson Thacher & Bartlett35022,125-83.50%
20=-Clayton Utz3001--
20=102Sidley Austin300135757.10%
2140Goodwin Procter2464829-70.30%
22-Gibson Dunn & Crutcher2315--
2390Eversheds Sutherland226348370.80%
2434Allen & Overy2002980-79.60%
25=-Bryan Cave1711--
25=-Locke Lord1711--
26-The Giannuzzi Group1651--
27-Yulchon1521--
28-Nishimura & Asahi1471--

By volume: Mergermarket 2017 international firms M&A league table

2017 rank2016 rankFirm2017 Value ($m)2017 Deal Count2016 Deal Count

Deal Count Change

138Morgan Lewis & Bockius1,254541
2-Gibson Dunn & Crutcher2315--
331Slaughter and May13,69245-1
457Allen & Gledhill1,825422
545Goodwin Procter246431
649Baker McKenzie140431
779Davis Polk & Wardwell4,804312
817Shearman & Sterling1,58039-6
929Latham & Watkins1,03936-3
1052Eversheds Sutherland226330
1114DLA Piper133313-10
12-Squire Patton Boggs1153--
13-Raposo Bernardo & Associados403--
1432Linklaters3935-2
15-Gunderson Dettmer Stough Villeneuve Franklin & Hachigian2,7012--
16-Ropes & Gray1,4152--
1767Skadden Arps Slate Meagher & Flom1,345220
1828Herbert Smith Freehills1,10626-4
1921White & Case93127-5
2054WongPartnership925220
2140Kirkland & Ellis80523-1
2246Jones Day39723-1
2341Simpson Thacher & Bartlett35023-1
2422Allen & Overy20027-5

Data source: mergermarket