Word this week that a $5.5 billion bank merger was scrubbed in the wake of the coronavirus pandemic may only be the beginning of the bad news from the Corporate Deal Tracker. ‘Buckle up’ is the lesson gleaned from this week’s belated report. Be sure to see a note about that and the absence — for the moment — of our friend and colleague, Claire Poole.
Law Firms’ M&A Deal Work Declines Significantly
Twelve of the top 15 corporate M&A law firms operating in Texas did fewer deals during Q1 2020 than they did a year ago, according to new Mergermarket data. But the Corporate Deal Tracker shows the decline in deal activity for Texas lawyers started dropping a year ago. The Texas Lawbook has an in-depth look at the M&A deal work being done by lawyers in Texas.
Texas Lawyers’ Capital Markets Deals Down Nearly 25% in 2019
Blame the oil and gas industry, which even before the market collapse had difficulty attracting funding given its out-of-favor status on Wall Street.
Morgan Stanley Holds Top Spot in Q1 Dealmaking Value in Texas
Houlihan Lokey ranked-one in deal count, handling 11 transactions in the state. Claire Poole reports on the latest exclusive Mergermarket numbers.
CDT Roundup: 19 Deals, 14 Firms, 92 Lawyers, $9.5B
Last week was a big one for capital markets transactions, in spite of…well, everything. M&A? Not so much. In her weekly CDT Roundup, Claire Poole has names and numbers for the deals that kept Texas lawyers busy while they WFH.