Editor’s note: This article and graphic showing the Corporate Deal Tracker data ranking of law firms in which Texas lawyers were lead counsel for buyers, sellers and targets in M&A transactions between Jan. 1 and Oct. 31 has been updated and corrected.
The Texas Lawbook has added five M&A transactions to the deal count for Gibson Dunn and one transaction has been added for Simpson Thacher. In addition, $5 billion has been added to Gibson Dunn’s deal value, which is now $73.7 billion and ranks second to Kirkland & Ellis.
In the world of mergers, acquisitions and joint ventures, there are lawyers for many interested parties, including the bankers, financial advisors, conflict committees and other third parties. But the legal advisors who put in the most hours and are paid the most are those representing the buyers, sellers and targets, also known as the principals.
The Texas Lawbook’s exclusive Corporate Deal Tracker data tracks M&A activity handled by all legal advisors in Texas, which The Lawbook published last Wednesday.
But The Lawbook goes a step further because the CDT also showcases the law firms whose Texas lawyers were lead counsel for the principals. This data looks at the lead legal advisors for M&A between Jan.1 and Oct. 31 this year.
There are 50 law firms with offices in Texas whose lawyers in Texas are in the CDT data for leading M&A transactions.
Sixteen of them led 10 deals or more.
Six were lead counsel on 25 or more transactions.
Two firms led 50 or more deals.
One firm’s Texas lawyers have been lead counsel on more than 100 M&A transactions so far this year.
Next Tuesday, The Lawbook will publish CapM transactions data on the law firms whose Texas-lawyers were involved in securities offerings during the first 10 months of 2023.