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Wachtell tops global M&A rankings in first half of 2009
13 Wachtell, Lipton, Rosen & Katz, the most-profitable US law firm, took the top spot on the Bloomberg list of M&A advisers for the first half of 2009, ousting UK-based Linklaters.Wachtell was doubling its merger work to around $150bn from $70 billion at the same time last year.
Deal volume total has fallen 44 percent this year to $759 billion according to data compiled by Bloomberg.
Wachtell was advising the targets in two of the year’s biggest deals: Pfizer’s $64 billion acquisition of Wyeth and Merck’s $47 billion takeover of Schering-Plough.
Bloomberg's list of top M&A law firms for the first half of 2009:
Firm - Value of deals (in billions)
1. Wachtell Lipton...........................$150.4
2. Skadden Arps.............................$119.6
3. Clifford Chance............................$109.9
4. Simpson Thacher........................$107.8
5. Mallesons...................................$ 94.2
6. Linklaters....................................$ 92.6
7. Blake Cassels.............................$ 83.5
8. Stikeman Elliott...........................$ 81.0
9. Cleary Gottlieb............................ $ 73.7
10. Allens Arthur..............................$ 72.6
Read more at www.bloomberg.com
