Statistics on European M&A in January show just how gruesome a start the 2008 deals market is off to, with the value and number of deals down by about half compared to last year. The collapse is hardly surprising, given the malaise among banks in Europe and the U.S. and general uncertainty in the world economy, but it goes to underline the bounty that a role on the $174 billion BHP Billiton bid promises. In the box seat in London are Slaughter and May for BHP Billiton, and Linklaters advising Rio Tinto.
European M&A Deals Take a Dive, but Big Firms Still Racking Up Big Deals
The American Lawyer
February 12, 2008