04 July 2013

Legal review finds M&A activity in decline

New York law firm Davis Polk & Wardwell and magic circle player Freshfields Bruckhaus Deringer have topped the Thomson Reuters M&A Legal Reviews for the first half of 2013 in a period marked by deals in decline.

By James Barnes

Davis Polk and Freshfields lead deal rankings

The report also found that Freshfields’ London rival Linklaters led the Emerging Market rankings for announced deals.
According to the study, worldwide M&A fell 13 per cent to US$996.8 billion, which is the slowest first half for M&A since 2009. Cross border activity also declined by 34 per cent. Emerging markets suffered a dip in activity of 7.1 per cent.
Chinese targets once again drove M&A activity in emerging markets, with emerging markets as a whole accounting for 29 per cent of M&A.

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