England: Magic Circle firms overtake US rivals in M&A league table
Magic Circle firms have overtaken US firms in the UK league table for mergers and acquisitions, The Times reports.
Freshfields Bruckhaus Deringer, with 60 deals worth $144.4 billion over the past year, led the latest Mergermarket league table compiled for Legal Week, followed by Slaughter and May, Herbert Smith Freehills, Clifford Chance, Allen & Overy and Linklaters.
It marks a shift from last year, in which US-based Kirkland & Ellis, Davis Polk & Wardwell, and Skadden Arps Slate Meagher & Flom topped the UK table.
However, US firms continued to dominate the global rankings, with only Freshfields and Allen & Overy making the top 10.