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Reuters: As M&A Deals Wane, Law Firms Compete for Shares of Shrinking PieOctober 04, 2022
The global mergers and acquisitions market continued to cool through the third quarter of 2022. According to Refinitiv, the US$2.81 trillion combined value of announced M&A deals in the first nine months of 2022 is down from more than US$4.2 trillion for the same period last year. Some law firms, however, including O’Melveny & Myers LLP, have experienced a year-over-year increase in advised deal value. O’Melveny ranked in the top 25 this year with US$90.8 billion in advised deals through the third quarter, compared to US$50 billion in 2021.
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