White & Case, Goldman Top Lists of 2016 M&A Deal Rankings

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By Antoinette Gartrell

White & Case LLP and Goldman Sachs & Co. handled the largest volume of merger and acquisition deals in 2016 among law firms and financial firms, Bloomberg data show.

White & Case took on 275 deals worth more than $600 billion, making up more than 16 percent of the market share of global, announced deals.

Goldman handled 309 deals worth more than $876 billion, nearly a quarter of market share.

Goldman had the largest market share by volume in all of 2015, and White & Case was ninth.

Legal Rankings

Sullivan & Cromwell LLP, Cravath Swaine & Moore LLP, Davis Polk & Wardwell LLP and Skadden, Arps, Slate, Meagher & Flom LLP complete the list of top five law firms by volume. Each surpassed $414 billion in deal volume.

Jones Day led the overall deal count, as it did the previous year, with 473, and Latham & Watkins LLP came in second place with 405.

White & Case increased its market share, compared to 9.6 percent in 2015 and landed in the number one slot. Skadden, holding 19.7 percent of market share in 2015, declined to 11.6 percent in 2016 and came in fifth place.

Financial Rankings

On the financial side, Morgan Stanley was second in deal volume with more than $855 billion—down from nearly $1.4 trillion during 2015. JPMorgan Chase & Co. was third, topping $700 billion.

Rounding out the top five were Bank of America Merrill Lynch and Citigroup Inc. Credit Suisse Group AG, which came in fifth in 2015, dropped to seventh place in 2016 with $503 billion.

To contact the reporter on this story: Antoinette Gartrell in Washington at agartrell@bna.com

To contact the editors responsible for this story: Phyllis Diamond at pdiamond@bna.com; Seth Stern at sstern@bna.com

For More Information

The global M&A legal and financial advisory league tables, among many others, are available to Bloomberg Law subscribers at: https://www.bloomberglaw.com/product/corptrans/secondary_page/ct_league_tables

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