Skadden Arps Slate Meagher & Flom has picked up the plaudits after a team of lawyers from the US giant were credited with buying internet giant Yahoo more time in its ongoing takeover saga with Microsoft, writes The Recorder.

Last week (3 May) Microsoft halted its three-month pursuit of Yahoo after an improved $47.5bn (£23.9bn) offer for the California-based company was turned down.