Law School Discussion

Nine Years of Discussion
;

Author Topic: Mergers and Acquisitions  (Read 973 times)

OnTheRoad

  • Sr. Citizen
  • ****
  • Posts: 431
    • View Profile
Mergers and Acquisitions
« on: March 14, 2008, 12:57:08 PM »
Anyone have any thoughts on getting into this? Difficult to get into? What firms do the work? How is the work? Whatever?

indyguy7484

  • Sr. Citizen
  • ****
  • Posts: 683
    • View Profile
Re: Mergers and Acquisitions
« Reply #1 on: March 14, 2008, 01:05:28 PM »
New York is the M&A capital.  Skadden and Watchell seem to be at the top of the list, although I'm sure there are others of comparable quality.  It's very lucrative, so getting in is a matter of school + grades and maybe some finance experience.  I only know one person who does this but he says the hours are pretty brutal.  That's probably to be expected in high-stakes Biglaw, though.

namehasbeenchanged

  • Sr. Citizen
  • ****
  • Posts: 297
    • View Profile
Re: Mergers and Acquisitions
« Reply #2 on: March 15, 2008, 10:11:21 AM »
I don't have a finance background but am interrested in M&A as well as securities litigation...any thoughts?

qmmm

  • Sr. Citizen
  • ****
  • Posts: 130
    • View Profile
Re: Mergers and Acquisitions
« Reply #3 on: March 15, 2008, 01:33:29 PM »
Here's the firms that have the most announced US M&A deals.  Market share can be a bit deceptive since some deals are just bigger than others (Skadden includes the MS/Yahoo deal which has a volume of 42255).

                                                     Market    USD        Deal
                  Adviser                      Rank  Share(%)  Volume     Count
  1) Jones Day                                   1    2.9074     5337.81     51
  2) O'Melveny & Myers LLP                       2    3.8081     6991.62     23
  3) DLA Piper US LLP                            2    2.6777     4916.25     23
  4) Skadden Arps Slate Meagher & Flom           4   25.5260    46864.81     21
  5) Latham & Watkins LLP                        5    1.7066     3133.23     20
  6) Kirkland & Ellis                            6    1.1364     2086.36     15
  7) Paul Weiss Rifkind Wharton & Garrison       7    1.5396     2826.59     14
  8) Linklaters                                  8   10.3997    19093.54     13
  9) Freshfields Bruckhaus Deringer              8    3.4028     6247.45     13
 10) Clifford Chance                            10   31.5333    57894.18     12
 11) Sullivan & Cromwell                        11   28.0900    51572.31     11
 12) Vinson & Elkins LLP                        11    2.0980     3851.79     11
 13) Baker & McKenzie                           11    0.0904      165.95     11
 14) Weil Gotshal & Manges LLP                  14    2.3631     4338.61     10
 15) Simpson Thacher & Bartlett                 15    3.7010     6794.97      9
 16) Morrison & Foerster LLP                    15    1.2310     2260.14      9
 17) Wachtell Lipton Rosen & Katz               17   14.1296    25941.46      8
 18) Cravath Swaine & Moore                     17    4.2581     7817.81      8
 19) Goodwin Procter LLP                        17    1.6097     2955.39      8

Somewhere

  • Full Member
  • ***
  • Posts: 89
    • View Profile
Re: Mergers and Acquisitions
« Reply #4 on: March 15, 2008, 01:57:47 PM »
Here's the firms that have the most announced US M&A deals.  Market share can be a bit deceptive since some deals are just bigger than others (Skadden includes the MS/Yahoo deal which has a volume of 42255).

                                                     Market    USD        Deal
                  Adviser                      Rank  Share(%)  Volume     Count
  1) Jones Day                                   1    2.9074     5337.81     51
  2) O'Melveny & Myers LLP                       2    3.8081     6991.62     23
  3) DLA Piper US LLP                            2    2.6777     4916.25     23
  4) Skadden Arps Slate Meagher & Flom           4   25.5260    46864.81     21
  5) Latham & Watkins LLP                        5    1.7066     3133.23     20
  6) Kirkland & Ellis                            6    1.1364     2086.36     15
  7) Paul Weiss Rifkind Wharton & Garrison       7    1.5396     2826.59     14
  8) Linklaters                                  8   10.3997    19093.54     13
  9) Freshfields Bruckhaus Deringer              8    3.4028     6247.45     13
 10) Clifford Chance                            10   31.5333    57894.18     12
 11) Sullivan & Cromwell                        11   28.0900    51572.31     11
 12) Vinson & Elkins LLP                        11    2.0980     3851.79     11
 13) Baker & McKenzie                           11    0.0904      165.95     11
 14) Weil Gotshal & Manges LLP                  14    2.3631     4338.61     10
 15) Simpson Thacher & Bartlett                 15    3.7010     6794.97      9
 16) Morrison & Foerster LLP                    15    1.2310     2260.14      9
 17) Wachtell Lipton Rosen & Katz               17   14.1296    25941.46      8
 18) Cravath Swaine & Moore                     17    4.2581     7817.81      8
 19) Goodwin Procter LLP                        17    1.6097     2955.39      8


This list is infinitely more deceptive than market share.

OnTheRoad

  • Sr. Citizen
  • ****
  • Posts: 431
    • View Profile
Re: Mergers and Acquisitions
« Reply #5 on: March 16, 2008, 11:07:42 AM »
Do you guys think this is something where you've got to be top 10% at HYSCCN to get your foot in the door?

Somewhere

  • Full Member
  • ***
  • Posts: 89
    • View Profile
Re: Mergers and Acquisitions
« Reply #6 on: March 16, 2008, 04:51:28 PM »
Do you guys think this is something where you've got to be top 10% at HYSCCN to get your foot in the door?

Definitely not.

Prize Fight Promoter

  • Sr. Citizen
  • ****
  • Posts: 165
  • Don King with a Law Degree
    • AOL Instant Messenger - jshap4321
    • View Profile
Re: Mergers and Acquisitions
« Reply #7 on: March 16, 2008, 08:27:45 PM »
tag. researching these types of firms will indicate that accumulated experience is just as important as school/ranking.

AmyWaxFanClubPresident

  • Sr. Citizen
  • ****
  • Posts: 308
    • View Profile
Re: Mergers and Acquisitions
« Reply #8 on: March 16, 2008, 08:41:20 PM »
You don't need to be Top10% at HYSCCN.  M&A is just another practice area at BIGLAW firms.  If you land a BIGLAW job, firms will try their best to accommodate your wishes for a practice area.  That chart that is posted should never be looked at again - you should be looking at the deals done per partner (i.e. why Wachtell is so low) and also the size of the deals.
"This semester I will plunge you into the slough of despair, and when you are at your most desolate and are ready to give up, I will give you some light" - Professor Amy Wax

AmyWaxFanClubPresident

  • Sr. Citizen
  • ****
  • Posts: 308
    • View Profile
Re: Mergers and Acquisitions
« Reply #9 on: March 16, 2008, 08:43:46 PM »
School/ranking is more important than you think.  You can't accumulate M&A experience without working for a BIGLAW firm.  Without the school/rank, you will never have a chance to gain experience.

tag. researching these types of firms will indicate that accumulated experience is just as important as school/ranking.
"This semester I will plunge you into the slough of despair, and when you are at your most desolate and are ready to give up, I will give you some light" - Professor Amy Wax