US mega deals fail to get 2013 going as M&A lawyers face up to worst Q1 in a decade
Anyone seeking reassurance about the state of the deal markets following a spate of mega-mergers earlier this year should probably avoid looking at the latest rankings from mergermarket, which make for depressing reading. Not only was Q1 2013 down 8% on the corresponding period in 2012 by value and nearly 20% by volume, but it was the slowest opening quarter in 10 years – painting a gloomy picture for corporate lawyers.
Davis Polk, Freshfields among top Q1 performers as global deal levels fall to new low. Alex Newman reports
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