Skaddens loses prized corporate position to New York rival as results show few signs of an end to three-year US M&A slump
October 08, 2003 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Sullivan & Cromwell has knocked rival Skadden Arps Slate Meagher & Flom off its prized top spot in the US M&A league tables for the first three quarters of the year.
Despite seeing a 14.6% drop in deal value against the same period last year, the leading New York firm scored first position in Thomson Financial’s newly published 1-3Q rankings, advising on 57 announced deals worth $76.9bn (£46bn).
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