Fees rise with activity in public M&As
3rd February 2014
As the UK M&A market sees a surge in activity, lawyers are thought to be pocketing matching fees, totalling an impressive £38.9 million in the second half of 2013 - a 44 percent increase on the first half of the same year. Data from The Lawyer and Perfect Information reported that the number of deals rose from 18 to 25 from the first to the second half of the year.
This increased activity saw an impact on both permanent and temporary interim legal jobs at major firms covering the deals, with the first six months, by comparison, seeing the lawyers acting on such deals receiving £29 million.
Firms making the most from M&A deals last year included Freshfields Bruckhurst Deringer, Linklaters, Shearman & Sterling and Bredin Prat, according to this article. These firms were reported to have earned £13.9 million from the Scheider Electric’s offer for Invernsys alone, which was completed for a total of £3.4 billion.