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Skadden ranked top of the Bloomberg’s law firm league table for global M&A deal volume for the 1st quarter of 2018. The firm totted up 46 deals representing $169 billion in deal volume, with an average deal size of $3.7 billion. The 46 deals done give the firm a market share close to 24 per cent, according to the Bloomberg ranking. Jones Day topped the table on number of deals, with 118 deals done raking in $25 billion.
The 1st quarter saw Skadden carry in from where it left off in 2017. The firm topped the year-end Bloomberg ranking, representing principals on 261 deals worth a total of $430 billion. Its biggest deal of the first quarter was the $68 billion acquisition of Express Scripts Holding Company by Cigna. That deal was the latest vertical integration in the healthcare industry.
Behind Skadden were Paul Weiss with 37 deals worth $117 billion and Wachtell with 14 deals worth a total of $97 billion. The latest Bloomberg ranking reveals total global M&A volume increased 24.9 per cent from the first quarter of 2017, reaching reached $936.8 billion. Private equity transactions accounted for 23 percent of 1st quarter global deal volume.