Shearman & Sterling, Cleary Gottlieb Steen & Hamilton, Jones Day and NautaDutilh are feasting over the $17.8bn (£9.67bn) two-step merger that will create Mittal Steel, the world’s largest steel company.

The deal, announced on 25 October, sees New York- and Amsterdam-listed company Ispat tie-up with sister company LNM. The combined entity will merge with US giant International Steel Group (ISG) to create Mittal Steel.