Kirkland & Ellis advised on corporate transactions that were valued at more money than any law firm in the first quarter of 2019, according to a new report from Mergermarket. The report also shows a 15 percent decline from 2018 in the value of deals in the first three months of the year.

A booming market for public mergers and acquisitions and private equity deals has in recent years been a boon to more than a handful of Big Law firms. But there are some troubling signs in the first-quarter report, including the first time since 2016 that global deal value failed to grow from the prior year.