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To the surprise of few, global M&A activity for the first quarter of 2020 is down significantly year over year, showing an overall decline of 28% from the same point in 2019, according to new league tables from global financial data company Refinitiv. The number of deals dropped 16% year over year, and the top five law firms for deal value also saw a shake-up.

Kirkland & Ellis, a perennial presence in the legal adviser rankings for top M&A deal value, fell from the No. 1 spot at the end of Q1 in 2019 to No. 7 so far this year for global deals, watching its deal value totals plummet from over $210 billion in Q1 of 2019 to just over $55 billion in 2020, a 74% reduction year over year. 

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Patrick Smith

Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, cannabis law and marketing innovation. Reach him at pasmith@alm.com or on Twitter at @nycpatrickd

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