White & Case topped Bloomberg’s M&A charts for advising on the largest volume of global announced deals in the first three quarters of 2016.
The firm advised on 196 deals for a total volume of $379.6 billion.
This included a number of international deals, advising the Japanese investment banking and securities firm Mizuho Securities as financial adviser to SoftBank Group Corp. in its July acquisition of ARM Holdings plc., and the Qatar Investment Authority in its purchase of shares in Empire State Realty Trust, Inc.
“Cross border M&A activity represents 30 percent of all activity, and as the market globalizes, and cross border activity increasingly becomes a higher percentage of M&A, that plays to our strength,” said John Reiss, global head of M&A at White & Case.
White & Case grossed $1.5 billion in revenue in 2015, according to The American Lawyer, and staffs more than 1,900 lawyers in the United States, Asia, the Middle East, Western Europe, Latin America and elsewhere.
Other firms that ranked highly include Sullivan & Cromwell (No. 2), Wachtell Lipton Rosen & Katz (No. 3), Davis Polk & Wardwell (No. 4) and Skadden Arps Slate Meagher & Flom (No. 5). Last year at this time, Skadden ranked No. 1, Sullivan & Cromwell ranked No. 2 and Davis Polk ranked No. 3, according to Bloomberg.
Reiss, of White & Case, said that after a slow July-through-August-period for the market as a whole, he expects to see M&A come back strong in October.
“The M&A market has taken a big collective breather, and now we see the pipeline expanding,” said Reiss. “The conditions for a robust M&A environment continue to exist: there’s high stock market value with the enthusiasm necessary for high M&A activity.”
See below for the full Bloomberg M&A chart.
Write to us with tips and stories at BigLawBusiness@bna.com.