As reported repeatedly in The Texas Lawbook, the usual law firms saw decent numbers for Q1 deal counts involving Texas firms, but the drop in values was steep.
Not surprisingly, financial advisors also were not spared. Although the top Q1 deal counts belonged to the usual suspects, the drop in total deal values is startling, according to Mergermarket data for Texas companies provided exclusively to The Texas Lawbook.
The top Texas deal counts for financial advisors went to Piper Jaffray & Co, Morgan Stanley, Evercore, Jefferies and JPMorgan (Table One). The top tier in Texas deal values went to Morgan Stanley, JPMorgan, Evercore, Citi and Bank of America Merrill Lynch (Table Two).
But the real story lies in the fact that only one firm in the top 10 (BTIG) booked higher Q1 deal values this year over 2018, and of the top 20, only eight booked more this year than last.
