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SMALL CAP M&A REVIEW LEGAL ADVISORS First Half 2017
REUTERS / Thomas White
https://www.thomsonone.com
Ranking Criteria Summary
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First Half 2017 | Mergers & Acquisitions | Legal Advisors
Small Cap M&A Legal ReviewTable of Contents
Worldwide Small Cap M&A Deals Intelligence
Canadian Involvement Small Cap Rankings (MML22a)
12
UK Involvement Small Cap Rankings (MML04a)
French Involvement Small Cap Rankings (MML05a)
Worldwide Small Cap Rankings (MML01a)
US Target Small Cap Rankings (MML02a)
Singapore Involvement Small Cap Rankings (MML14a)
Japanese Involvement Small Cap Rankings (MML15a)
Australia/New Zealand Involvement Small Cap Rankings (MML11a)
11
Nordic Involvement Small Cap Rankings (MML09a)
Spanish Involvement Small Cap Rankings (MML08a)
14
Benelux Involvement Small Cap Rankings (MML10a)
Hochinma Involvement Small Cap Rankings (MML13a)
German Involvement Small Cap Rankings (MML06a)
Italian Involvement Small Cap Rankings (MML07a) 10
1
2
3
4
6
7
Latin America Involvement Small Cap Rankings (MML17a) 5
Chinese Involvement Small Cap Rankings (MML20a) 20
Indian Involvement Small Cap Rankings (MML21a) 21
European Involvement Small Cap Rankings (MML03a)
Hong Kong Involvement Small Cap Rankings (MML12a)
Eastern Europe Involvement Small Cap Rankings (MML16a)
13
▲
Worldwide announced Small-Cap M&A deals valued up to $50 million (including undisclosed value deals) totaled US$77.8billion in the first half of 2017 – a 2.8% decrease year-on-year.
The Asia-Pacific (ex Central Asia) region (by target domicile) led the Small-Cap market, with US$36.6 billion of announceddeal activity.
Americas (by target domicile) led the market in the number of deals announced, with 7,069 transactions for the first half of2017, representing 35% of the 20,210 deals announced worldwide.
The High Technology sector captured 15.5% of total announced Small-Cap value deals, followed by Real Estate andIndustrials, each respectively registering 14% and 12.6% of the overall market.
Jones Day tops the worldwide Legal Small-Cap rankings for deals valued up to $50 million for the first half of 2017, workingon 220 deals with a combined value of US$788.4 million.
3,747.2
Mexico
United Kingdom 3,779.2 1,227
130.2 62 311.614,109.9 6,371 16,341.7
53 197.1Peru 177.4 40 65.3
2,800.9 764 2,411.6 689
Chile 278.8 47 179.5 4540
Brazil 635.3 218 723.3 256
Europe
Argentina 202.4171.7
6,129 22.2 ▲
▲
13,267.1
1,213
821.9
Worldwide Small-Cap M&A up to US$50m by Rank Value Range
16.1▲
-58.2
Small-Cap Deals Intelligence
Canada
Rank Value
Change (%)
▼21,060 -2.8
-12.2
77,856.8 20,210 80,099.7
▲
▼
▲▼
2.7
16,888.6 4,858
55.3
▲▼
-13.7
27.3
Region/Nation
1/1/2017 - 06/30/2017 1/1/2016 - 06/30/2016
Worldwide
757,807
7,069 17,726.5United States of America 5,768
Americas 21,665.6
201
0.9
678
# of
Deals
▼
176
M&A Rankings For Mid-Market Deals Valued Up To US$500m Are Also Available
Switzerland
Rank Value
US$m
3,702.1 1,191
3072,013.5
386.9
Rank Value
US$m
87
318.0
# of
Deals
▲
10.5
25.3
1,099
592
-11.9
▲
581
777.3
2,660.6
1,676.9
658.0
5,373.5
952.64,203.4
▼
▼
5.9
▲
-15.1
2,07639,167.6
151
22,026.3
511 24.9
▲▼
https://www.thomsonone.com
10.9
5,285-41.3
-18.4▼
227
-22.9
1,653.2 ▲
15191
-50.6425.7295.3
▼
-6.4
-35.1
522.3
747.8371.2
710.4615227
120
615.7
▲
69
▼
▲
-34.0
-18.4
▼2.6
▼
▲
1,194.6352
1,378.6
630
▼22.4-2.6
▼-33.7783
292
30.6
-46.1
14.5-6.1
312
922
▼-28.61,3122,133.24381,185.2 ▲
▼
30.3
▼
▼
174
388
15648
344
159
First Half 2017
DEALS VALUED UP TO US$50 MILLION
SMALL-CAP M&A LEGAL REVIEW
Japan
Finland
Australia
1,063.6
240.9
Malaysia
475372
Asia-Pacific (ex Central Asia)
210.4
30518
Israel 227.3
Poland
1,163.4
578.3403.2
ItalySpainSweden
914.6598.2
Africa/Middle East/Central AsiaSouth Africa
80
191.1
France
NorwayRepublic of Ireland
1,523.2
GermanyNetherlands
113
216
209.9
380.7Russian Federation
Hong Kong 3,674.6 362646
Greece
1381,726.2
558.6
36,652.9
838
927.9
1,450.1
5,15153
132
▲56.5461
215121
16,992.35,689.8
908.0816.3
2,933.03,151.8
1,821ChinaSouth Korea
Singapore
IndiaTaiwan ▲
2,093.7
Worldwide Small-Cap M&A up to US$50m by Target Industry Jan 1 - Jun 30
Jan 1 - Jun 30Announced Small-Cap M&A by Target Nation Up To US$50m
-
2,000
4,000
6,000
8,000
10,000
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
$50
# of
Dea
ls
Ran
k Va
lue
(US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
15.5%
14.0%
12.6%
10.3% 8.9%
8.4%
8.1%
6.3%
5.7%
4.9%
3.6% High Technology
Real Estate
Industrials
Financials
Materials
Consumer Products and Services
Healthcare
Energy and Power
Media and Entertainment
Consumer Staples
Retail
Telecommunications
1
35.3 ▲Morrison & Foerster 47* 81* 30 5 ▲ 32
▼
74
52
86
132
166.1
Worldwide Small-Cap M&A up to US$50m by Target Nation Region
126*
114
11.3
18
10
▼
▼-42.9▼
Worldwide Cross Border Volume up to $50m
Jan 1 - Jun 30
41.1
▲
-76.6-
▼
▼
8
51
▼
246
▼26
81
42
229
30
62
--21.5
-64.0
1*
37
80.6
27.4
289.2
-540 ▼
190.5▼
37
-8
238*
-97.3
▲▼
-▲
115.5
-56.7
171.6
▼
▼
▲1.5
▲
-21.0 ▼- -
65.8 ▲
-17.9 ▼-27.4 ▼
-69.0 ▼▲
72
-36.9
-27.0
-49.7 ▼60
12
▼
▲
▼-1.5
▼-20.2-47.7 ▼
▼
▼
51.7 ▲
▼
48
9
-59.2-65.3
▼33
-47.3-38.8
50.0
111.4
▼-30.2
16
45
5.9108 -69.611
174.4
459.087.7
27.9362.9 7
155
783
109.2246.3
▼
▼44.7-35
284.4
145.8▼
70
72*-23 ▼
13*55
226.8
▼352* -97.5
93.9
63.0
290.5
346.7
25
24.2
139.3
277.1
148.4
▼
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
131.4
RankValue
345.4
▼
▼
▲
2017
▼
▼
US$m
▼-50
-75
Change in # of
86
3.3
-38
43
-6.6
Rank
YoY Rank
626378.6
▲
-22.0▼
▲
514261.0
▼-60.9
▼
21
5858.9
▼ 143.5
40
-4492.48
-6776
209.5
163.2
▼ 126.08585
Rank Value per Advisor (US$m)
-29
▼
500.6▼
▼-28-128
-3 ▼
▲
▼
21-27
-12
▼
-18
▲▼AZB & Partners
41
42*
30
Worldwide Small-Cap Rankings (MML01)
28*
60
▼
0
50
▼
-13
▼
4111
▲
▼
36
-5-20.6
-389
33.0232
Hogan Lovells
2017
6.6
▼
13*
15* 26
42*
22*
▼
▼
▼55
▼
77,856.8
86.9
25.9
128.2
35.4
▼
-2.8-852
4
▲
▲
▼
▼
56
-4
49
178.6
42*
12
Weil Gotshal & Manges
Morgan Lewis & Bockius9*
Baker & McKenzie
Rank
32*McDermott Will & Emery
9*
Dechert
38*
34*Osler Hoskin & Harcourt LLP
64*
69
20,208
3
220Legal Advisor
34139
2016
Rank
DLA Piper LLP
Bryan Cave LLP
King & Spalding
Paul, Weiss
2
# of Deals per Advisor
▲7 8.9▼147 443.0
1788.44
▲
▼
Val Chg (%)
7 99 -42.3▲ 72.2
42*Lamartine Conseil
47*51*
Eversheds Sutherland LLP
Industry Total
O'Melveny & Myers
* tie
https://www.thomsonone.com
8290.7 -95.6
▼ 86.1
197.0
▼ ▼
31
3030
Sidley Austin LLP
▼
31
-15
31 -59-6-13
Mayer Brown LLP
38*
31
-71-32
-1-2
23*
36
32*
Gibson Dunn & Crutcher
43*
4047*
Bird & BirdWillkie Farr & Gallagher
Kim & Chang38*
21
Norton Rose Fulbright
34
Cuatrecasas
Squire Patton Boggs LLP29*
Stikeman Elliott
29*
SkaddenSimpson Thacher & Bartlett
Dentons
McGuireWoods LLP 1715*
18*18*
16 ▼-35-25
-
52
-19▼
49
Allen & Overy11
13Miller Thomson 14White & Case LLP
12Clifford Chance
LinklatersFreshfields Bruckhaus Deringer
22*
34
35*
34*
20*20
24 3725
Honigman Miller Schwartz And Cohn
2820*38*
26*26*
23*
32*
38*
137*
15
35*
42*
47*
37
34*
61*
43*
61*Ellex
Herbert Smith Freehills
23*
29*
Paul Hastings LLP
Blake Cassels & Graydon
Shearman & Sterling LLP
King & Wood Mallesons
Dorsey & Whitney LLP
9*1*
Orrick Herrington & Sutcliffe LLP9390
Deals
1
Kirkland & EllisGoodwin Procter LLP 18
-56
369.7
# of Deals
19 7
-3511095
5
45
611
22
40
3631
-5
-1
42
51*
-8
47*34
31
32
75
-6
40
-38
-27
42
58
12
33
42 -4
76
35
▼8-19.5
36.6 ▲
▼-33.2
-9.4-58.6
▼▼
-
54
Jan 1 - Jun 30
47* 49*
MML01a - Undisclosed Values & Values up to US$50m
Jones Day
-1
9*
47
17
Latham & Watkins 6
CMS
78
$0 $10 $20 $30 $40 $50 $60 $70 $80
2011
2012
2013
2014
2015
2016
2017
Rank Value (US$b)
Africa/Middle East Americas Asia-Pacific Europe Japan
2,216
2,672 3,174
2,817
2,201
2,616 2,639
2,458
2,189
2,537 2,872
3,030
2,800
0
500
1,000
1,500
2,000
2,500
3,000
3,500
$0
$2
$4
$6
$8
$10
$12
$14
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
# of
Dea
ls
Ran
k Va
lue
(US$
m)
Q2 Volume (US$b) Number of Deals
2
Arnold & Porter 47* 56* 9 0 -
126.7-1
▼
-
-24
Val Chg (%)
▲
-10
-12
23
2324
35
23
33
2
52
118
53
33 -8
6
28
32
-16
30
24-3
4
7-31
26 14
0.0 108* -
100.8
▼
5-6
▲ 74.2
64.8
-6
5 69.0
▼
19-
▲19 50.0018 ▲
21
8275.0
-14.5
-48.120
-
-
-23.6
-
20.5
-
▼
▼
▼
▲▼
20.7
-
▲-
99.2
25-37.7
93.5
US Target Small-Cap Rankings (MML02)
6060.0
23.7
32.6-0.0
200.9
6
-
5
▲
-59.1
▼
▲
▲
▼
▲▲
11.6-
91-
27.3-20.2
-
13
-
▼-93.8
--
-20.5 ▼
▼
135.6
198.3
▼▲
▲▼
-79.7
108*
7
-
41 -59.3▲
▲
▲▼ 7
63.647
▼
58.4
▼ 221714
13 ▼
2
--
108*
-20.036.0
-2
0.00.0
-13 ▼32.7
1
6 ▲
▼-6
76.7
-4
-5
Change in
▼
48.0
24.7
-50.3▼
2017
172.0-45.1
Rank Value per Advisor (US$m)
322.1
▼
YoY Rank
-72.9
▲
10
2▼
6
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
MML02a - Undisclosed Values & Values up to US$50m
7
111.0Rank
# of
1211
14
11
14
Akin, Gump, Strauss, Hauer & Feld
Paul, Weiss
Latham & WatkinsMcGuireWoods LLP
Legal Advisors
Hogan Lovells
Skadden
35*35*
Kirkland & Ellis
19*
33
3
DLA Piper LLP
McDermott Will & Emery
Honigman Miller Schwartz And Cohn
# of Deals per Advisor
Goodwin Procter LLP
-1
24
8
Morgan Lewis & Bockius5
Jones Day▲
Deals # of Deals
-23
Rank
564
2 21
▼
6
US Small-Cap M&A up to US$50m by Rank Value Range
RankValue
Rank
Jan 1 - Jun 30
US$m
2017
1
50.00.0
22.0 74
▼
▲
9
▲
▲
▼
-46.2 ▼
84.1
▼
-
-
25.0
97.3-51.1
▲-
-68.5830*
2016
5
▼
95
2128*
▲45
11
▲
41
-15
-31186.4
108*
93.14
7063
▼58.9
34
26
17
▲
8 17*
43*9
12
13*
11*11* 1510
Simpson Thacher & BartlettKing & SpaldingBryan Cave LLP
48*
131415 25*
7
Weil Gotshal & Manges
Gibson Dunn & Crutcher19*17*
13*19*
16Cooley LLP 17*
17*
2
43*19*
Dorsey & Whitney LLP
10*
Paul Hastings LLP 19* 16
19*Morrison & Foerster
13.061.8▲
19
▼▼
24▼ 53*
90▲
31.0
48.0
74.56916
30*▼▼
Wilson Sonsini Goodrich & Rosati
Sidley Austin LLP
24.068.3
25* ▲O'Melveny & MyersWhite & Case LLP 19*
▼ 153.023 ▲ 166.1923 -4
88.6▼
0.0-26 38.0 31.0
Davis Polk & Wardwell10* 22
2145
-29
24
2125*4
028 27* 2021 ▼ 52
108*Orrick Herrington & Sutcliffe LLP
25* 33* ▲9 ▼
-6
Andrews Kurth Kenyon LLP29* 43*
25* 19*Willkie Farr & Gallagher
29* 30*
Dentons 31* 27*
Winston & Strawn
▼61.6▲
Dechert 31* 23*
Alston & Bird 35* 48* 14Ropes & Gray 34 22
Troutman Sanders LLP 35*56*
Fenwick & West LLP 39* 30*
37*Hunton & WilliamsGreenberg Traurig 27*
Vinson & Elkins LLP 39* 46*Baker & McKenzie -13 -5
13 0 -39* 32
512.9 ▲-1 ▼ 42.9-
37Shearman & Sterling LLP 42* 48*
44* 84*
11
10Norton Rose Fulbright 42* 33*WilmerHaleCozen & O'Connor
▼
108* -
27.3
44* 77*48*
37*Squire Patton Boggs LLP 47* 23*
https://www.thomsonone.com
10▲
10
9
Sullivan & Cromwell 44*
* tie
Covington & Burling 9Fried Frank Harris Shriver & Jacobson 47* 9
-
▼
-65.0
▼▲
▼
-
53.1
0.0
▲
16,889.2
-25.9
51
62.0
32.20.0
US Small-Cap M&A up to US$50m by Target Industry Jan 1 - Jun 30
47*
Industry Total 5,767 909
27
23
1549*
67.028*18
185.4
-33.1
40.5
108*
34.8
70
108*
▲61*
1636 1
-21817
▼
▲
-6
-
500
1,000
1,500
2,000
2,500
3,000
3,500
$0
$1
$2
$3
$4
$5
$6
$7
$8
$9
$10
# of
Dea
ls
Ran
k Va
lue
(US$
b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
26.0%
16.9%
12.3%
8.5%
8.1%
7.3%
6.6%
4.3%
3.8% 3.1% 3.1%
Real Estate
High Technology
Healthcare
Consumer Products and Services
Financials
Industrials
Media and Entertainment
Energy and Power
Retail
Consumer Staples
Materials
3
25.9 35* - -0.0 35* - -Arnold & Porter 24* - 3 3 ▲
24* 13* 3 -8 ▼King & Spalding 24* - 3 3
Vinson & Elkins LLP 24* 27* 3 -1 ▼ 0.0
1,186 850
▲66.9 35*
35* -0.0 35*
2
21.1
YoY Rank
Jan 1 - Jun 30
-
-2
-74.8
4,878.1 ▲
- --
▼
▲
90.2
▼
▲38.8
▲
58.9
-33.7 ▼
Canadian Small-Cap M&A up to US$50m by Rank Value Range
7
3137.0
Morrison & Foerster 24* 71* 3
▲
Baker & McKenzie
Industry Total
158.294.5 11
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
Canadian Involvement Small-Cap Rankings (MML22)
MML22a - Undisclosed Values & Values up to US$50m
# of Deals per Advisor Rank Value per Advisor (US$m)
2017 2016 # of Change in RankValue 2017
Legal Advisors Rank Rank Deals # of Deals US$m Rank Val Chg (%)
Miller Thomson 1 1 59 9 ▲Stikeman Elliott 2 2 40 -6 ▼ 246.3 1Blake Cassels & Graydon 3 3* 37 -3 ▼ 362.9 ▲Osler Hoskin & Harcourt LLP 4 5 32 0 - 35.1 ▲McCarthy Tetrault 5 3* 27 -13 ▼ ▲Gowling WLG 6 6 22 -8 ▼ 65.6 4Davies Ward Phillips & Vineberg LLP 7 12 20 8 ▲ 106.5 35* -60.1Borden Ladner Gervais LLP 8 8 19 -1 ▼ 115.7 22 199.0Norton Rose Fulbright 9 7 16 -7 ▼ 248.2 23 3550.0 ▲Goodmans 10 17 12 3 ▲ 153.0 15 340.9 ▲Jones Day 11 13* 11 0 - 29.4 20 - -Cassels Brock & Blackwell LLP 12* 19* 9 3 ▲ 78.9 35* -53.5 ▼Kirkland & Ellis 12* 15* 9 -1 ▼ 0.0 35* - -Fasken Martineau DuMoulin LLP 14* 9 7 -9 ▼ 44.4 6 6.2 ▲Bar & Karrer 14* - 7 7 ▲ 0.0 35* - -Morgan Lewis & Bockius 16 10 6 -8 ▼ 31.1 35* - -Torys 17* 19* 5 -1 ▼ 87.6 35* 84.0 ▲Goodwin Procter LLP 17* 27* 5 1 ▲ 0.0 33 - -Paul, Weiss 17* 27* 5 1 ▲ 0.0 25* - -DLA Piper LLP 20* 15* 4 -6 ▼ 25.8 18 -40.3 ▼Hogan Lovells 20* 27* 4 0 - 0.0 35* - -Orrick Herrington & Sutcliffe LLP 20* 24* 4 -1 ▼ 35.0 17 -55.2 ▼Weil Gotshal & Manges 20* 71* 4 3 ▲ 0.0 35* - -Linklaters 24* 19* 3 -3 ▼ 0.0 35* - -McDermott Will & Emery 24* 41* 3 0 - 0.0 35* - Canadian Small-Cap M&A up to US$50m by Target Industry19 -4.6 Jan 1 - Jun 30▼Wildeboer Dellelce LLP 24* 41* 3 0 - 39.0
-
Troutman Sanders LLP 24* 41* 3 0 - 8.7 35* - -
* tie
https://www.thomsonone.com
-
100
200
300
400
500
600
700
800
900
$0
$1
$1
$2
$2
$3
$3
$4
# of
Dea
ls
Ran
k Va
lue
(US$
b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
22.2%
14.8%
13.1% 11.6%
8.9%
8.5%
7.3%
5.4%
3.1% 2.6% 2.5% Materials
Real Estate
Energy and Power
Industrials
Healthcare
High Technology
Consumer Products and Services
Financials
Media and Entertainment
Retail
Consumer Staples
4
41 - -Akin, Gump, Strauss, Hauer & Feld 34* - 2 2 ▲▼Industry Total 538
2 ▲
1,912.8-29
- -
29.8 ▲
3 2 ▲
4 0 -
- 3 3
3 -▲
0 44*
-15.0
-04 1007.8
-▲ 33 -
3 -5
27*
4
318* 4 ▲
▼▲
-1 35.6▼
0 44*
Gonzalez Calvillo SC 18* - 4
Simpson Thacher & Bartlett - 44
Paul Hastings LLP
34*
43*
27*
3
4Cuatrecasas
White & Case LLP
Koury Lopes Advogados
Uria Menendez
22*
16* 4
Azevedo Sette Avogados 27*
27*27*
-
Sullivan & Cromwell 34*Orrick Herrington & Sutcliffe LLP 34* - 2
-24 1
Gomez Acebo & Pombo
* tie
Blake Cassels & Graydon
70.9
Skadden
44*70.0
▲
-
48.0
5.1 38
▼-16
2
0 44*
1.8
-9
▲
▲
107.0
▲
-4
▼ 35.0
50.0
▲
17
44*
14
▲
0
▲
-44.3-98.7
▼
▼
31.5
0
3.0
2017
18
8
42.5
23
-3
-69.0
▲ 62.9
42▼ 1.2
1121.2-40.755.9
Jan 1 - Jun 30
-44*
-
-
▼-91.2
--
40
5 44.3-
-
---
- -
2
33
44*
▼
-
-
-
-40.2
▲
-
▲
- --35.9
-
-4--
▼-68.4
Latin America Involvement Small-Cap Rankings (MML17)
▼
▼
44*
-
0
89
-10
▲
Change in RankValue
23.3
6405.7 ▲
▼
US$m
-7.680.4
-
▲
-▼
Latin American Small-Cap M&A up to US$50m by Rank Value Range
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
▼
9
YoY Rank
11.2▼ 0
36
2
44*12.5
▲
▲
44*
▼314.7
0 -
-
96.4
6
7
4
3
24
52
-5
-▲
1 ▲0
0
▲
5
▼
16
3
13
6 3
5-6
9
1010
51.5 11▲▲2 26.0
44*9.3
-
-
▼
-44*12*
▲332
3 3
2
2
43*
18* 43*
18* 19*
11
16*
Creel, Garcia Cuella, Aiza y Enriquez 16*
18*
28*
13*18*
12Stocche Forbes AdvogadosJones Day
13*▼
▲
28*
1
16*
14
19*
12
Tozzini Freire Teixeira e Silva 6
8*11
Veirano AdvogadosBaker & McKenzie
8*
3
Souza, Cescon, Barrieu & Flesch Advogados
10*
5
Rank
# of Deals per Advisor
Val Chg (%)
Rank Value per Advisor (US$m)
Legal Advisors
45
6 3621217
MML17a - Undisclosed Values & Values up to US$50m
Rank
# of
Pinheiro Neto Advogados 31*
192Machado Meyer Sendacz & OpiceMattos Filho Veiga Filho Marrey Jr
# of DealsDeals Rank
2016
Demarest Advogados 4
1* 7
Barbosa Mussnich & Aragao
78*
Lefosse Advogados 8*
2017
https://www.thomsonone.com
Fried Frank Harris Shriver & Jacobson
43*
Pereira Neto, Macedo Advogados
Weil Gotshal & Manges
22*Clifford ChanceGarrigues
18*28*
14*14*
10
DLA Piper LLPLinklatersCarey & Cia
Miller ThomsonGoodmansEstudio Beccar Varela
-
Latin American Small-Cap M&A up to US$50m by Target Industry Jan 1 - Jun 30
34*
13
Lobo & de Rizzo Advogados
Velloza & Girotto Advogados Associados
2
43*
-21
0
56.4
37
34
19
▲9
10*
234* -
-
16*
18*
18*
27* -
27*
-
-
2-
Norton Rose Fulbright
▲Axium Law Corp 34* 2 ▲Hogan Lovells 34* 19* 2
Vella Pugliese Buosi e Guidoni 34* 43* 2 1 ▲2
▼
2
34*
▲
-1 ▼22*-2
34*2 1 ▲
Morgan Lewis & Bockius 34* 43* 2 1 ▲
▲
0 44* - -26.5 20 - -19.3 30 - -55.5 10 -22.4 ▼
0 44* - -0 44* - -0 44* - -0 44* - -
59.7 7 - -
-
50
100
150
200
250
300
350
400
450
500
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
# of
Dea
ls
Ran
k Va
lue
(US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
22.5%
14.9%
14.2% 11.3%
8.9%
7.7%
6.0%
6.0%
4.1% 2.6%
Materials
Energy and Power
Financials
Industrials
Consumer Staples
Consumer Products and Services
Real Estate
High Technology
Healthcare
Telecommunications
Retail
5
*tie
24.13.3
39.246.0
42.048.6
89.3
97.9113.9 104.7
80.8 75.0
6.2
82.593.7 87.6
-73.6 69.30.0 0.0
78.7 71.98.2
-15
1
39*
6▲
37*
57*
87*
▼
▼
▼
20
19
5
21
▲
-1
17 -2046*
40*
63*
Legal Advisors
Baker & McKenzie
Loyens & Loeff
32*
2
11
1
33*
77*21
0
22
21
8
9
19
23
18
47*
29*
53*
18
20▼-
▼
26*-16-5
-1
▼
Shearman & Sterling LLP 42* 17▼
Deloitte 67*Noerr LLP
46*
1746*
26*
-1910
29*
-5
42*
-8
105*▲
17,423.8 16,092.8
7.5
-17 ▼
17 8
-8
149.6
58.9
▼259*
▲▼
▼
54.5
56
115.644
-4
▼
84
106.5-1 132
186
-57.4
188*
149*
-47.7
▲162.2
106.9
35 -43.0▲
▼
2 ▲
248.5
▼
19-1
-
▼44.1
-18
▼
38
▼
2
-
▼1830
5190.9
▼ 187.1
29
-19
13
15
-127 8▼ 562.7 519.5
▼
-55
-35-19
▼
RankValue
-41.5
European Small-Cap M&A up to US$50m by Rank Value Range
▼
▼▲
▲
16.2
▼
549.6
▼
European Small-Cap M&A up to US$50m by Target Industry
▼
-28.736
# of Deals
Change in
-65.3
US$m
▼
Rank Value per Advisor (US$m)
2017
3Euro mil
YoY Rank
-
23.8▲
▼
-46
▼
-2
--62.9-97.3
▼
▼
24
-35-12
▼26
▲26
2626
▼
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
Jan 1 - Jun 30
Rank
45201.9
59-58
65
-23
137.3
-21
▲
59
33
120.044
25.9-1-4
▼
▼
▼
190.532
27 12
2928
▼
▲
-13
13
-
20-
96.4
Rank Deals
▼90
2016
# of Deals per Advisor
3
2017
155
7
10
1
3
Rank
98
6
-47
-38.3-32
1
-41.0-31
25
-1112
European Involvement Small-Cap Rankings (MML03)
64.4
-42.7
-71.6▼
Bird & Bird1614
29*15*Lamartine Conseil
24*Cuatrecasas
Eversheds Sutherland LLPSquire Patton Boggs LLP
19
27*27*
18
23*23*
32*
Osborne Clarke
Houthoff Buruma
Gomez Acebo & Pombo
23*Dechert
32*
Weil Gotshal & Manges
21*
Simmons & Simmons
140.0
74*
70* -
▲
115.8
▲
▼
▼19
▲
▼
-9.7 ▼
-18
-2
▼
47.8
▼
62
151.8
289.2
12
17
139.2
26
23
177.9
6.6
3.0
177.9
▲
6▼
4
▼
▼
27
136.5 126.4
176.7
Val Chg (%)
14
14.6
-4.0
-76.6
7.7
▲
▼
-72.7
▼
127.0
58
196*
▲
-0.9
42.0
-82.5
-
120228
149.8
10359
43.1
-73.8
246.8
178.8
710
4933
▲
▲
-
125
▼
-
▲
▲
▲
340.8
2 78.4 72.0133.3 123.8
Jan 1 - Jun 30
▲
266.7
▼4
MML03a - Undisclosed Values & Values up to US$50m
61
6*
5
58
85
# of
84
10Clifford Chance
4750
Orrick Herrington & Sutcliffe LLP 4
248.4163.2 149.4▼
29*
47*
White & Case LLP
DLA Piper LLP
1113
70*
31
8
14
18
37
30
32
12
13
9
-63.6
23
23
12
15*
17
39*
▼
82
11
-2.5
53*
29*
70*
22
42*
22
22
51.3 47.5
▼
23
▲
24
22
20.4 18.6
▼
-24.6
▼
▼
▼
▲
▼
-
▼▲
-17.3
-90.2
https://www.thomsonone.com
-40.5
6.0
160.2
-62.0
32*
21
39*
20
Linklaters
6*
CMS
Allen & Overy
Hannes Snellman 46*
21*
32.3 29.0
159*
87*
91.6 85.2160.8 147.2
164.6
19
▲
27
Industry Total
37*37*
29*
23*
22
32*
47*
50
Addleshaw Goddard
Kirkland & Ellis
Jones Day
Perez Llorca
Mayer Brown LLP
Travers Smith
Hogan Lovells
Heuking Kuehn Lueer Wojtek
Morgan Lewis & BockiusBar & Karrer
CobaltHerbert Smith Freehills
Freshfields Bruckhaus Deringer
Ashurst
Hengeler Mueller
DentonsLatham & Watkins
Ellex
Goodwin Procter LLP
Schoenherr Attorney's at LawChiomenti Studio LegalGateley LLP
Norton Rose Fulbright
44*NCTMMcDermott Will & Emery 44*
40*42*
▲▼7,413 -1419
267.9
109.288.1 82.7
48.2 43.3
126.4 113.892.7 86.3
142.7 131.238.6 36.08.5 7.846.7 44.0
49.7 45.014.1 13.2
24.2 22.544.6 41.3
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
$0
$2
$4
$6
$8
$10
$12
# of
Dea
ls
Ran
k Va
lue
(US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
14.1%
13.5%
12.7%
9.6% 8.9%
7.5%
7.2%
7.1%
6.9%
5.7%
5.3% High Technology
Real Estate
Industrials
Consumer Products and Services
Financials
Media and Entertainment
Healthcare
Materials
Energy and Power
Consumer Staples
Retail
Telecommunications
6
0.0 0.0 83* - -0.0 0.0 83* - -
0.0 0.0 83* - -32.0 24.8 36 -53.6 ▼
0.0 83* - -0.0 0.0 83* - -
9.0 60 - -11.7 9.1 58 - -
King & Spalding 39* 100* 5 3 ▲Gibson Dunn & Crutcher 39* 43* 5 -1 ▼Maclay Murray & Spens 39* 26* 5 -7 ▼Dorsey & Whitney LLP 39* 58* 5 1 ▲
5 2 ▲Cuatrecasas 39* 100* 5 3 ▲
Sidley Austin LLP 32* 32* 6 -2 ▼ 11.3Gomez Acebo & Pombo 39* 100* 5 3 ▲
▲ 0.0 0.0 83* -0.0
▼
5.4▼
Allen & Overy
Orrick Herrington & Sutcliffe LLP
Norton Rose Fulbright18*
12
1,948 -11
43.6
8133.8 2
91.654.5
36▼
192.5Deals
5
512
17▼
*tie
▲
Osborne Clarke
White & Case LLP
Ashurst
▼
17-3
▼
▼
-11-19
Linklaters
18*Morgan Lewis & Bockius
▲
▲
35.9▲
39.1
0.8
▼
35.0
38.4
33.8
14
0.0
93.019
45
26
107.0
▼21 ▼
83.6
-2-21
2621 67.2
164.6
# of Deals
6 -629▼
43 ▼2 -13-441
2016 Change in
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
UK Small-Cap M&A up to US$50m by Rank Value Range
-21
https://www.thomsonone.com
▲▲
▼
2017
1067.4▲100.9
▼
-19.1
79.2▲
-
▲
▼
YoY Rank
▼
-64.8
39.4▲
US$m Rank
2344.6
Val Chg (%)
▲
9
▼
27.666.3154.6 1
Jan 1 - Jun 30
RankValue
54.960.0
-69.0
72.9
72*
528.4 ▲13
GBP mil
▼
-19
48.5
2
▼
▼
▼
▲
134.146.8
14*10
Baker & McKenzie
11*
2121.0
18
13*
Squire Patton Boggs LLP
Jones DayCMS
Addleshaw Goddard
Eversheds Sutherland LLP
13*5
16.7
3
Travers Smith
Latham & Watkins
Hogan Lovells
Freshfields Bruckhaus Deringer 11*10
3
21
▲
-
34.0-
0.0 83*37.5
0.0
0.0
0.0
121.092.7
83*0.0
96.5
83*
4▼▼
-1
28 83.6
▼
115.6
▲
4
39
UK Small-Cap M&A up to US$50m by Target Industry▼
35
-
77.3
83*
▼731.2
30.5-56.4
0.0
22
0.0-
6,083.5
-
4,828.3
0.0
-
-
25.13228.9
45.3 35.061.6
0.0
▲
-
1
6
Gateley LLP
Herbert Smith FreehillsKirkland & Ellis
DWF
32*
Bird & Bird
Goodwin Procter LLP
Clifford Chance
Simmons & SimmonsDeloitteShearman & Sterling LLP
Mayer Brown LLPA&L Goodbody
PwC Legal LLP
Dechert
1516
32*
Dentons
Slaughter and May
24*
24*
32*
50*
30*
▼
Skadden
Industry Total
Cooley LLP-429
4
2
5*5*
24*30*
24*
32*▲
-2
▲
1
-11
19.7
597
-
83*
172.5
▼
▼
▲76.7
317.9
-77.0
0.0
9.174.8
6
83*23.9
83*
0.0 -
10*
40
6.0
▼26.4
-
-
▲
▲
▼
▼
-64.4
-
-58.2
-44.47.8
-56.8
68*
▲
▲28.6
-
- -
-50.7-53.7
---
▲ 0.092.711.4
0.0
-
72.0
37▲ 31.0
▲
0.0
-83*
-2
▼18.9
5
2 ▲
26.6 21.3
▼ 32.8
-8
Jan 1 - Jun 30
UK Involvement Small-Cap Rankings (MML04)
▼
-26
6.6
▼
10*
118.3
0.0
4 16* ▲
77.3-1-168*
208*5
▼20
14*
13
37*
4
23*
16*
7
23*
-321
-1
-7
-9
16
-121514
24*43*20
11
12
16* 1010
8
8
2
58*58*50*
9 8
43
32*
74*
66
32*
43*
32*
37*
58*77
6
68.5
24.7 41*
153*
-10.7Rank
1
MML04a - Undisclosed Values & Values up to US$50m
DLA Piper LLPLegal Advisors
2017
# of Deals per Advisor
Rank
# of
Rank Value per Advisor (US$m)
11*
5*
18*
8
16
17
11*
19
3
22*24*
21
32*
13
22*
6
8
-88
100* 5Hengeler Mueller 39* 3Browne Jacobson 39* 74*
6
1
-
200
400
600
800
1,000
1,200
$0
$1
$2
$3
$4
$5
# of
Dea
ls
Ran
k Va
lue
(US$
b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
12.8%
12.7%
11.3%
10.8%
10.3%
10.0%
8.4%
7.8%
6.5%
6.2% 2.6%
High Technology
Real Estate
Consumer Products and Services
Industrials
Healthcare
Media and Entertainment
Financials
Energy and Power
Materials
Retail
Consumer Staples
Telecommunications
7
*tie
RankValue
▲
69* 4 04
56* 4Gomez Acebo & PomboAshurst 44*
34.1▼
Darrois Villey Maillot Brochier 44*
22
14
15
5
284.6
6
# of
318
-1
22
-
-5
2016
44* 221*
18
33*
Paul Hastings LLP
33*
-78.38.9
04.7
12.9
2
11.4
00
48*
0
115*0
115*
115*0
▼115*
--
0 -
115*
36.70 115*
1243.2
-
0 115*
7.5
0 0
11.0
40.0
47.412.3
0
0
-7
9
▲
▼
9
7
▲▼▼
Gide Loyrette Nouel15* 21
12928
7
Clifford Chance
DLA Piper LLP10*
▼
-12
1-8
▼
▼
▲
-4
-3
▼
-4
0
-
16.1
4.50
▲
-
▲ French Small-Cap M&A up to US$50m by Target Industry
▲
▼-41.9
-
US$m
35.8
▼
-
▼
115*
10.2
-
Val Chg (%)
-
-
-
-
French Involvement Small-Cap Rankings (MML05)
French Small-Cap M&A up to US$50m by Rank Value Range
-
-
-
-
55.7
30.0
47.5
2115*
▼
▲47.4
-43.2
Euro mil
▼
30
Rank
▼
▼-2
5*
48.2
0 0 115*
# of Deals
▼
14.8-28
▼
51.3
37.1
3.3
43.3
14.0
12.041.9
0
0
39.2
68.8
3.0
-130.6
0
-50.0
-
25
-49.0
51.7
42.1
2017
Jan 1 - Jun 30
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
# of Deals per Advisor
▼
-65.1
▼
-72.0
-▲
-
-
-
-63.6
11
-
-
57
9
115* -
-
-268.2
0
201.7
-
▲
-
19
66
12.0▼
-
-47.754.5
1.6
104.8
62.0
-
5
59
-
115*
36
-
20
17.8
46.8
58.90
103*
51*
75-
▼
▼
-
41.90
-
115*
-
-4.0
-
061.5
30.0 -
-
-
18.3
-79.6▼
0
45
11.1
- -
46*
4
13*
-82.51
▼▲
6
43
YoY Rank
31.9
121.2
55.9
0
11.3
13.5
8.1
46.8
31.7
9.5
0
1.853.8-
5.033* -
46*▲
8
5
▼0
▼
▲
▲
1
5
1
▼
▼
25*
-2▼
▼
11
0
▼
25
Deals
16
5
-810-15
14 -2
13
▼
Change in
-4
91*
33*
22*
White & Case LLP
-125
LL Berg
-11
-229*
46*
69* 5221*
AyacheSalama Avocats
33*
8
CMS7*
Legal Advisors
6
5
Allen & OveryMayer Brown LLP
10*
7
Hogan Lovells
Lamartine Conseil
5*
18*
16*
Latham & Watkins
12*12*
Hoche Societe d'Avocats
Perez Llorca
Jones Day
Linklaters
Orrick Herrington & Sutcliffe LLP
MML05a - Undisclosed Values & Values up to US$50m
33
69*
7*
30
Goodwin Procter LLP
HPML SELARL
-194
10
9
10*
▲
▼
-7
13.1
51.6 7
-
-
▼8
-35.0
-
Rank Value per Advisor (US$m)
81 -66.2
-115*
83*
13*
89
▼
▲
-94.7
-
51.8
34.5
-
▲
51.4
164.6
16*
Fidal 5
De Pardieu Brocas Maffei13*
13
20*
13 ▲
Dechert21
29*
-815
Dentons
Bredin Prat5
20* 40*
10
28*8 -1 ▼
15*
20* 29*Taj
8
18*
20* 91* 8
820*
21.3▲ 546 10.0
20.0 33*▲
19*7
Willkie Farr & Gallagher
Weil Gotshal & Manges 20*
1Bird & Bird
15* 6
133*
26* 29*Chammas & Marcheteau
Agilys SA 26* 46*
Herbert Smith Freehills7
33*
Cleary Gottlieb Steen & Hamilton 46*
Racine
6
▲4
https://www.thomsonone.com
42.0
▲
▼
23
0
5
44*
▲
21.8
-5
Goodwin & Goodwin
McDermott Will & Emery
143
2
Loyens & Loeff 33*
PwC Societe D'Avocats SELAS30*
30*
Baker & McKenzie
Ernst & Young Societe d'Avocats SELAS 26*
3
33*
4
46*5
56* 55
10*
30*13*
Brunswick societe d'avocats
1
-1 ▼
▲
-10
▼▼
5
3
-8
▲
▼▼
5.50
-79.1
308.5Rank
STC Partners SELARL44*
TsL SASU
Duteil Avocats SARL
44*SBAvocats SELARL
2017
33*
Industry Total
▼-
5.0
Jan 1 - Jun 30
26*
29*
Rank
12*
33*
33*
-1
32 -
5
19*
5-1
29*
▼1,243
-1
491* 4 1
-477
4Squire Patton Boggs LLP 91* 20.0▼2,499.3 2,311.9 -15.7
-
100
200
300
400
500
600
700
800
900
1,000
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
$2.0
# of
Dea
ls
Ran
k Va
lue
(US$
b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
21.9%
18.0%
9.7% 9.4%
9.3%
9.2%
7.8%
6.8%
3.5% 2.2% 2.2% High Technology
Consumer Products and Services
Industrials
Healthcare
Retail
Media and Entertainment
Consumer Staples
Real Estate
Financials
Energy and Power
Materials
8
-3 1 ▲ 0 35* -
▼
- -30 0 35* - -0 0 35*
22*56
Willkie Farr & Gallagher 35* 52*
McDermott Will & Emery 15*
26*
13
9
*tie
20*
0
-5
▲
1
▼
0
26*
https://www.thomsonone.com
-
18*
0
15*
52.4
-
-51.8
RankValue
20*
▼
-13▼
-1
# of Deals
21.5
0
Change in
German Small-Cap M&A up to US$50m by Rank Value Range
5.3
-
-
-
15*
22*
52.2
15*40.0
-
Eversheds Sutherland LLP
3Ashurst
35*
26*
26*
480*
5
4
-
00
-24.7
▼
-
5.5 ▲
-
▲▼
▼
12*
8*
4
Rank Value per Advisor (US$m)
Val Chg (%)
-65.7▼
German Involvement Small-Cap Rankings (MML06)
54.6
Euro mil
59.7
83.9
140.0
0
-4
▼
-1
5
6*21.7
6.0
20.2
YoY Rank
-16.5
--
19.9
29.0
-58.83
19.7
18.6
55.2
22.7
0
20.4
27.5
42.7
▼
22.0
24.1
▲
56.4
▲
▼
-1 ▼
▲
▼
▲
▼
-1122*
-2
US$m
▼
28*
5
▼
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
24*
12-6
Allen & Overy
2016
21
# of Deals per Advisor
# of
Bryan Cave LLP
-24
DLA Piper LLP 18*
-18
▼
11
6*
8*1152.2
▼
▲251.0
▲8*
-
021.0
1
32.3
0 -
10.0
2017
Rank
15*
Legal Advisors
2017
CMS
Hengeler Mueller 5*4
3*8*
23
Deals
9-322
25
17*
Clifford Chance 1
3*▼
-10
2
P+P Pollath + Partners5*
Freshfields Bruckhaus Deringer 13Orrick Herrington & Sutcliffe LLP
138* 2
Heuking Kuehn Lueer Wojtek 221
14*
56.9119* ▼
Gleiss Lutz 8* 11 ▼▼
-9Jones Day 14*12*
12*Osborne Clarke -40.612*
12*Latham & Watkins 0
Dechert 52* 7
18*
Luther Rechtsanwaltsgesellschaft mbH
Milbank Tweed Hadley & McCloy819*
0016
22*
20*
22*
20*
9
-411
33*6
9
42*
6
0-4-4
22*
22*
5
13.76
7 ▲
0
--
--
8
0-
22*
--
0
0
▼-
▼-
-73.3
-
-34.1-61.7
▼▼
--
▼
-
26*-
-
-
26*-29.3
- -
0
48.6
-
-
-
Jan 1 - Jun 30German Small-Cap M&A up to US$50m by Target Industry
-
0
11.3
9.40
-
13.0
0
-
0
MML06a - Undisclosed Values & Values up to US$50m
▲
-
▼78.4
26.0 12* -72.4
0
5*
11
17*
22*
29*
29*
35*
38.8
Simmons & Simmons
15*Baker & McKenzie
Rank
22*Shearman & Sterling LLP
3
Noerr LLPHogan Lovells
White & Case LLP
Mayer Brown LLP
12*
29*3
46.0▲43.0
9.0
46.70▲
-29*
29*
35*
29*
-
18*
Jan 1 - Jun 30
5 -12
-1
-9-511
▲
146*
12*
6*
17
Roedl & Partner0
29* 80*
14
PwC Legal LLPDentons
Rank
-819* ▼
26*
▼21
Kirkland & EllisWeil Gotshal & Manges
-
8
38*
Houthoff Buruma
29*
35*
-8
30*
52*
3
▼
1
2
26*
2
52*
McGuireWoods LLP
29*
29*
Bar & Karrer
4 3
52*Loyens & Loeff
▼
▼
Norton Rose Fulbright
29* -0
4
4
-44.0
4
▼
▲3 338*
- 3▼
3 ▲35*
3▼
35* -
-0 29*
Webber WentzelHerbert Smith Freehills
Cuatrecasas 35* 3 -135*
▲
-0 0 35* -
-48.6 46.0 35*
43.9 41.1
-3
35* -0 0 -
-
38* 3 -1
-151
3
991Industry Total
Friedrich Graf von Westphalen & Partner
▼▼ 1,817.9 1,680.3
-0 0 35* - -
-20.0
-
100
200
300
400
500
600
700
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
# of
Dea
ls
Ran
k Va
lue
(US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
28.6%
19.0%
17.7%
7.1%
5.6%
4.6%
4.4%
4.1%
3.4% 2.9% 2.6%
Real Estate
High Technology
Industrials
Materials
Financials
Energy and Power
Healthcare
Media and Entertainment
Consumer Staples
Consumer Products and Services
Retail
9
-Grava e Associati Studio Legale 30* - 2 2 ▲ 0 0 39*598 37 ▲ 1,772.9 1,627.1 29.8 ▲
* tie
Industry Total
39*
Euro mil
▲ -
-- -
-
-
-
0 039*
0
-
27.0
039*
28.8
0.9 381.0
01
0
17* 3
-
1
▲
3
-52.0
39*
72.9
11.3
31.3
32.90
78.7
Italian Small-Cap M&A up to US$50m by Target Industry
840.0-
▼
-
281.9 ▲
22.5
100.9
0
2017
Italian Small-Cap M&A up to US$50m by Rank Value Range
YoY Rank
Jan 1 - Jun 30
Italian Involvement Small-Cap Rankings (MML07)First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
US$m
MML07a - Undisclosed Values & Values up to US$50m
-
▼-
▲-86.2
▲
3342.9-
▲
82.6
39*
▼31
5
-22.7
11
2322
10.0
42.5
-11.8-
Val Chg (%)
-
12
0
▼
0
24.1
30.727.730.0
▼
-53.9
30.5
-54.5
▲
-
29.0
56.2 52.079.7
-13
10
# of Deals per Advisor
11
# of
-120
▼74.02
▼
514*Legance Studio Legale Associato
5.6
Rank Value per Advisor (US$m)
109.7
--
0
14
-
136.1 ▲
198.2
-
1
▲20.5
RankValue
▼▼
33.8
-2
▼
4
▼
72
38.946.127.5
Change in
▲2-6
▲
https://www.thomsonone.com
-
-3 ▼-94
22*
Shearman & Sterling LLP
Pirola, Pennuto, Zei & Associati3Russo De Rosa Bolletta & Associati
Gatti Pavesi Bianchi
Clifford Chance 11*10
Linklaters
4* -13
16
-8
5
19*Bonelli Erede e Pappalardo
6*19*
22*Allen & Overy
22*
Gitti & Partners
13*13*
9*7
5
K&L Gates
DLA Piper LLP 6*
Gattai Minoli Agostinelli & Partners
7
13*17*
Advokatfirman Delphi
AshurstSchoenherr Attorney's at Law
0
▼
17*
32*42*
-20
42*Pavia e Ansaldo 22*
22*
3
3
2016
2
▲
-1
21* 7
-14
▲
13*32*
32*22*
5
5
9
4
21*
19*22*
5
▼
0
5
4
8.2
▲
▼
7
-
0▼-6
▼▼
25.5
-1
0
▲
▼
71.9
-
81.731.0
33.2
184
39*
0
-3
6*▲
32.5
36.70
-14*
2017
1
Deals
1
--
-115.8
-
Jan 1 - Jun 30-
243
▲
581.4
▲
39*
9
19*
▲19
Orrick Herrington & Sutcliffe LLP
5*
23
11*Rank
22* 3
-
White & Case LLP13*
32*
CMS 17*
Jones Day9*
28.8
0
39*
▼27.0
7.50
▲ 39*
19*
13*
104*9*
3
39*
-
Simmons & SimmonsFreshfields Bruckhaus Deringer
NCTMChiomenti Studio Legal
▼
1242*
Legal Advisors
8
-
▼
Pedersoli Studio Legale
3
-8
-5
0
0-129* 3
# of Deals
9*
5*
Rank
Grimaldi e Associati
30*
Rank
4
Dentons
Gianni Origoni Grippo Cappelli & Partners
7 11
Latham & Watkins
12
- 2 2 ▲
39.1 742.5
34.5
33
13
10
0
Luther Rechtsanwaltsgesellschaft mbH 30* 63* 2 1 ▲Hogan Lovells 30* 11* 2 -7 ▼Souza, Cescon, Barrieu & Flesch Advogados 30* - 2 2 ▲PwC Legal LLP 30* 32* 2 -1 ▼Facchini Rossi Scarioni 30* 42* 2 0 -Baker & McKenzie 30* 21* 2 -3 ▼Watson Farley & Williams LLP 30* 63* 2 1 ▲
0 0 39* - --
0 0 39* - -0 0 39* - -0 0 39* - -0 0 39* - -0 0 39* - -
-
50
100
150
200
250
300
350
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
# of
Dea
ls
Ran
k Va
lue
(US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
19.7%
15.1%
12.2%
8.9%
8.7%
8.5%
7.4%
6.9%
6.0%
4.3% 2.3% Financials
Industrials
High Technology
Retail
Materials
Consumer Staples
Energy and Power
Real Estate
Media and Entertainment
Consumer Products and Services
Healthcare
10
▼ 1,512.3 -7.3 ▼Industry Total 474 -42
2016
*tie
-1
Legal Advisors
22
11
▲
# of Deals per Advisor
10*-26.6
-
MML08a - Undisclosed Values & Values up to US$50m
10*
-
- -
-
0
7
▼
▼ 10*▼
8*
0
86.5
Change in
▼
10.710* -62.8
84.446.4
43.5
6
▼
44.1
▲69.3▲
5
21191.9▲ ▲
▲
Spanish Involvement Small-Cap Rankings (MML08)
47.8
Spanish Small-Cap M&A up to US$50m by Target Industry
-8
8
Gomez Acebo & PomboUria Menendez
▲
0▼ 11.2
106.63
100.2
▼▲
▼
-37.40
28.0
-76.8
246.8
16
12
▼
33.0-
18.064.6 375.0
▲ 37.3 35.0
24.325.810*
-
-
1
Deloitte
Cuatrecasas
54
6
16*
Clifford Chance 6
8*
-
17*
▼
- -
-
14*
▲8*
14*
Deals Euro mil
▲ 48.216
0
70.3
2 7
12*
1
17*
0
Rank
33 267.9-10
--
15
0
Perez Llorca
-2
▲
3
7
47.0-33
10*
12*2
Eversheds Sutherland LLP 25* -
Rousaud Costas Duran SLP 18*Linklaters
7
14*
17*
20*
-5
14*
3
610*
9*
45 -19
2
2017
73.6
8*
289.29
-
1# of Deals
8
Rank
10.5
18
1
23*
5 -6
-66
3*
6
▼▲
14*
3*
-
-
00
29.4
19*
31.019*-
-
17*
1,399.0
19*0
▼
0 14*
Rank Value per Advisor (US$m)
42.5
Rank
2017
0
43.3
0
92.0
▼
-
Jan 1 - Jun 30
19*
19*
-
31.1
RankValue
▼
0
19*
Jan 1 - Jun 30
▼
▲
Val Chg (%)
39.4
-
YoY Rank
Spanish Small-Cap M&A up to US$50m by Rank Value Range
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
US$m
-
-
0
DLA Piper LLP
Freshfields Bruckhaus Deringer
Dentons
https://www.thomsonone.com
Squire Patton Boggs LLP
8.0
-6.9
-
Allen & OveryLatham & Watkins
20*
Gibson Dunn & Crutcher
Pinheiro Neto Advogados
▲
5
Hogan Lovells
14*
18*
37*
Baker & McKenzie
PwC Legal LLP
Ashurst
Jones DayGarrigues
# of
Bird & Bird
10*
19*
7.6
-4
22
19*
1
▲
9*4
▲
25*
▲▲
3
3
37*
19*
225*
0▼
Sullivan & Cromwell 25* ▲
70.8
19*-
00
52.1 49.3
9*414* -2
Minter Ellison
16*
5
Ecija Holdings & Investments SL 25* - 2 2
19*337*
Herbert Smith Freehills -1
CMS
▼19* 20* 3 0
2
-2
3
-
▲0
30
0 0 25* - -0 25*
- -0 0 25*0 25*37* 2 1 ▲ 0
- 2 2Machado Meyer Sendacz & Opice 25* 23* 2 0 -
21.5 19.8 25* - -0 0 25* - -
-
50
100
150
200
250
300
350
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
# of
Dea
ls
Ran
k Va
lue
(US$
b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
17.3%
13.4%
10.6%
10.0% 9.3%
7.9%
7.7%
7.0%
5.8%
4.8% 3.3% 2.9%
Media and Entertainment
Real Estate
Consumer Staples
Energy and Power
High Technology
Consumer Products and Services
Financials
Healthcare
Industrials
Materials
Retail
Telecommunications
11
Morgan Lewis & Bockius 22* 45* 3 1
Bruun & Hjejle I/S 18* 45* 4 2 ▲Hamilton Advokatbyra Stockholm Holding AB 18* 63* 4 3 ▲Clifford Chance 22* 21 3 -4 ▼Loyens & Loeff 22* 45* 3 1 ▲Gomez Acebo & Pombo 22* - 3 3 ▲Jones Day 22* 35* 3 0 -Addleshaw Goddard 22* 63* 3 2 ▲Plesner 22* 45* 3 1 ▲Freshfields Bruckhaus Deringer 22* 24* 3 -2 ▼Roedl & Partner 22* - 3 3 ▲AZB & Partners 22* - 3 3 ▲Roschier 22* 10* 3 -11 ▼Veirano Advogados 22* 63* 3 2 ▲Luther Rechtsanwaltsgesellschaft mbH 22* 63* 3 2 ▲Fredersen Advokatbyra AB 22* 63* 3 2 ▲
▲Schoenherr Attorney's at Law 22* - 3 3 ▲
0 0 44* - -
0 - -
41 - -
14.1 13.3 28* 1.4 ▲0 44*
55.7 49.6 5 -
0 0 44* -3.2 3.0
2.3 2.2 42 - -0 0 44* - -
26.6 25.0 21 - -
0 0 44* - -
35.0 32.5 13* - -
9.4 9.0 34 - -
72.3 65.3 4 388.5 ▲
45.9 43.0 9 -18.9 ▼
0 0 44* - -
0 0 44* - -
Squire Patton Boggs LLP 22*
* tie
63* 3 2
77
# of
-
64.744*
44*
69.7
44*
193.8
-77.8
-86.1
27
0
-
Advokatfirman Delphi
▼ 2,293.8 -7.3 ▼
6.5 -
24.9
--
44*
▲
2,481.0
101.0
-9.8
-63.9
-
10.3-58.4
14.1
22*
▼35
-
▼-83.2
▼
▲▲-
Val Chg (%)
22*
340.8
-62.5
Rank
▲1
Nordic Small-Cap M&A up to US$50m by Rank Value Range
9▼
8▲8
6-6
▲
▼
▲
▲
Nordic Small-Cap M&A up to US$50m by Target Industry
-5
22*
1*
2017
Rank
▲-
6
3
Bird & Bird
16*
7
8
-
▼
2017
100.1
21.037.4
US$m
MML09a - Undisclosed Values & Values up to US$50m
Change in
333.0
YoY Rank
Jan 1 - Jun 30
162.2
Rank Value per Advisor (US$m)
# of Deals
-3
▲
25
-1393.5
22.417.4
▼ 12
▲ 0
▲ 50.044*
22.4
12.83
2016
10*
12
6.0
▼▼
41.4
0
38.1
020
0
0
30*84.9
33
Euro mil
149.6
32.5
RankValue
77.9
0
13.2 28* - -
-
-
13.2
27.30
34.9
13.6
▼
▲
14.2
Nordic Involvement Small-Cap Rankings (MML09)
▲
15*15*
2
▲13
05
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
8*
2
▼
-
110
9.217
21.0
▼4
16*4
8
4*
18*18*
19*
28*5
22*
Ellex
White & Case LLP 6*6
4*1
Baker & McKenzie
Castren & Snellman
6*
Bar & Karrer
9*9*
19*
712
35*
-
4*
12*
Linklaters
Cobalt
Advokatfirmaet Thommessen AS
SORAINENAdvokatfirman Vinge
CMS
Krogerus Attorneys Ltd
Accura Advokataktieselskab
Dittmar & Indrenius
Allen & Overy
Hannes SnellmanRankLegal Advisors
# of Deals per Advisor
▼
8
22*
9*
1517
▼
3
18
▼
12*
1*
4*
DLA Piper LLP
16.3
https://www.thomsonone.com
Jan 1 - Jun 30
-1028*
-4
999
-2-5
2▲
▼
-11
Industry Total -82
15* ▼1
10
▼
17Deals
13
14
-1
-11
-1
Kirkland & Ellis 28* 3 -1 ▼Advokatfirman Cederquist 22* 45* 3 1
4.0 3.8 40 - -4.6 4.3 39 - -13.6 12.5 30* - -
-
100
200
300
400
500
600
700
800
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
# of
Dea
ls
Ran
k Va
lue
(US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
22.8%
16.2%
14.7%
9.1%
7.5%
5.6%
5.4%
4.7%
4.4%
4.4% 3.0% 2.2% Real Estate
High Technology
Industrials
Financials
Consumer Products and Services
Healthcare
Materials
Media and Entertainment
Telecommunications
Energy and Power
Consumer Staples
Retail
12
0 53* - -
53* - --53*
76.5 70.3 4 - -Kirkland & Ellis 29* - 3 3 ▲Latham & Watkins 29* 40* 3 0 -Gianni Origoni Grippo Cappelli & Partners 29* 56* 3 1 ▲
11* 4 -10
-4
4
-19
5
40*
2
0
-10
Hengeler Mueller 29* 23* 3 -2 ▼
-710
21
-22
▲
White & Case LLP
* tie
Morrison & Foerster
781
4
94.7
▲
▲
46.0
# of Deals
85.9
13.2
-5
▲
74.4
59.8
22.2
▲
2.1
2
53*
17.0
▲
0
▲0
▼▼▲
0
▼ 41.6
▼ 0
031.1
53*2629.4
-1.2
▲0
000
-
0▼ 0
-
25.10 53*
21.0
027.4
32
53*
▼
82.4
▼
2.035
12.353*
▼15.3▼
-25.50
42.1 -US$m
RankValue 2017
Benelux Involvement Small-Cap Rankings (MML10)
Benelux Small-Cap M&A up to US$50m by Rank Value Range
▼
▲462.1
-
-
15
-
▼
Rank
56.0-
Val Chg (%)
Jan 1 - Jun 30
0
3
▼ -▲27 12
-13
48.6▼-1
# of
7
6
7
23*1010
15.991.9
14.3
53*
38416.3
0
1
53*
38.6
Euro mil
1495
YoY Rank
-
-▼
-
Rank
368.2
---62.6
-
-▼
-
-35.4
-19.8
-
2328.6▼
▲
-
-98.340
28
53*
-
-68.050*
-
53*
-
-▲
Benelux Small-Cap M&A up to US$500m by Target Industry
--
-
--
26.953* -
▼ 1,773.11,916.0
0
-
0 0▼
0 0
0
0
0 -
0▼
046.1
2
-12
▲
10▲
--
0
▼41.6
Ellex
19*
Herbert Smith FreehillsBird & Bird
56*
4
4
19*
Noerr LLP
NCTMDentons
Webber WentzelNautaDutilh 16*
DechertFreshfields Bruckhaus DeringerWillkie Farr & Gallagher
29*
-20
0
29* 614*
14* 6
5
CMS
2016
10
Legal Advisors
4*32
Allen & Overy
2017
Rank Value per Advisor (US$m)
▲
38.0
-
53*
-
2
-122
0
MML10a - Undisclosed Values & Values up to US$50m
▲
▼-
Linklaters
28
11
Loyens & Loeff
17*
Orrick Herrington & Sutcliffe LLP
Clifford Chance13
14*
12
19*19*
8
Deals
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
# of Deals per Advisor
13
Rank
1
13
Change in
9
DLA Piper LLP 4
7Simmons & Simmons
Hogan Lovells
5
6
5
29*
-4
4
40*
-
1
2
44
419*
-153
-1
53* -
37.1 34.5
4
4
99
8
40*
3
14
10* 6
40*
4*
1
5
16*
7*10* 11*
19*
23*19*
56*
29* 40*
19*
19* -19*
3
23*
Stibbe
17*
Travers Smith
Industry Total
Baker & McKenzie
Bar & Karrer
Houthoff Buruma
Jan 1 - Jun 30
https://www.thomsonone.com
7*
-
De Brauw Blackstone Westbroek
Shearman & Sterling LLP 29* 40* 316*
0
-3.5 3.3 48* - -0 53* -
Jones Day
7*
- 53*0
53*
-
Paul Hastings LLP 29* 29* 3 -1 ▼ 0 0
0
0
-0 0
53*▼
Lexence NV 29* 40* 3 0
0
0 0
- -
-
100
200
300
400
500
600
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
# of
Dea
ls
Ran
k Va
lue
(US$
b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
12.5%
12.5%
10.9%
9.8%
9.5%
9.5%
8.8%
6.9%
6.3%
5.3%
4.8% 3.2% Financials
Real Estate
Industrials
Media and Entertainment
Materials
Consumer Staples
Consumer Products and Services
High Technology
Healthcare
Energy and Power
Retail
Telecommunications
13
* tie
0 0 25* - -Greenberg Traurig 18* 22* 2 -2 ▼
28.0
0
39.3
0
21.0
15.0
44.7
11.3▼
▲22.4▼
-10
4
▲
-
3681.8
▼ 13.3
25*
-10
▼
4
-5 ▼4
-13
-17
-69.4-
6.0 -
-
10.4
--
▼11.3-
-49.0
92.3
-13.2
2016
17*
0
13.817.8
5
12
21.0
-
28.0
--
▲
▼
▼64.7
46.3 ▼
-76.6
16
38.6
-90.8
-
-
▼-
24.1 9
5.3
19.2
▼
43.411
12.43
-
▼▲
▼
96.025.9
34.8 ▼
2
32.51106.9
271.11514.1 13.2-00
Rank Value per Advisor (US$m)
US$m Euro mil
Eastern European Small-Cap M&A up to US$50m by Rank Value Range
RankValue
Eastern European Small-Cap M&A up to US$50m by Target Industry
18* -
▲
14*
12*
14*
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
12
24
▼
9*
15*
8
11*
9
9*
7*
811
Dentons
LinklatersClifford Chance
12*Dechert
Rank
▲
6
-33▲
-1415
Deals
SORAINEN
1
25*
-5
41.617*
▲
Rank
21*
6*
-0
6* ---
-
25*
25*
-0 -25*
- -
▼
-0
0
0 25*
0- ▲
0
11*
2
2
2-
30.12
-
20
0 0▲
-82
▼-5
▼
030.1
26* 2 -
-
1,907.5-616
Hannes Snellman
Hogan Lovells
1,369
2
-38.7▼ 1,765.3
25*
25*
19.4-2
3
▲0
-3
17*
3▼
-203
5
0
13*
2
3
2▼
2
▼
3 ▲
Cerha Hempel Spiegelfeld Hlawati
Industry Total
2
Schoenherr Attorney's at Law
Orrick Herrington & Sutcliffe LLP
18*
21
8*
Havel Holasek & Partners sro8*
White & Case LLP
-
CMSEllex
2Cobalt
11*
5*
2017 # of
7*
2
4
1
5*
MML16a - Undisclosed Values & Values up to US$50m
DLA Piper LLP
Squire Patton Boggs LLP 26*Morgan Lewis & Bockius
12
-114
7
3
Rank
# of Deals per Advisor
32
10.4▼
-0.9
10
-6
Legal Advisors
18*
18*
14*
Balcioglu & Selcuk
Weil Gotshal & MangesBaker & McKenzie
14*
18*
Luther Rechtsanwaltsgesellschaft mbH
Bird & Bird
Allen & Overy
18*18*18*
Herbert Smith Freehills 19*
# of Deals
2017
Jan 1 - Jun 30
Jan 1 - Jun 30
https://www.thomsonone.com
Val Chg (%)
YoY Rank
▼5
-90.8
20▼
3
9
-46.4-
Eastern Europe Involvement Small-Cap Rankings (MML16)
1
1
Change in
4
8*
(100)
100
300
500
700
900
1,100
1,300
1,500
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
# of
Dea
ls
Ran
k Va
lue
(US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
19.3%
12.9%
11.5%
9.9%
9.7%
8.4%
8.0%
6.0%
5.5%
5.3% 2.1%
Industrials
Consumer Products and Services
Consumer Staples
Materials
High Technology
Retail
Energy and Power
Real Estate
Financials
Media and Entertainment
Healthcare
Telecommunications
14
▲WongPartnership LLP 30* 51* 3 -1 ▼Hunan Qiyuan Law Firm 30* - 3 3Skadden 30* 68* 3 0
▼
-▲GF Law Firm Shanghai 30* - 3 3
▼
▲
Commerce & Finance Law Offices 30*
BMR Legal 30* 22* 3 -7 ▼Tatva Legal 30* 86*
▲
▲
3 -1
1
Thomson Geer 30* 115* 3 ▲
40.2
3
2Gibson Dunn & Crutcher 30* 86* 3 1 ▲
53.0
15* 3 -10 ▼Machado Meyer Sendacz & Opice 30* -
Ropes & Gray
* tie
Blake Cassels & Graydon30* 51*
30*
26,661.6
▼
-4
9
▼
86*
10
4
3
17
30*
Rank
- -▲--
▼
3 1
19 165.0
30* 115* 3 2 ▲▲
Corrs Chambers Westgarth 30* 115* 3 2Sullivan & Cromwell
10.7 66 -58.4 17 -
70 -73.1 ▼
▼
▼
▼
▼
-
▲
11
8
37.2 34
18.0
8.71.3
12*
2*
56*
0
2*
2
1
10*
7*
10*
368.2
4
-40.9
-97.1-81.2
-0.9
44.5
47.8
47-15.6
84*
▲
--
88.5
5
-
▼
84*-
-50.2
-43.27
▼
18 ▼-35.5
70.7
▼
36 ▲
24.2 ▲-2.8
▼
32
-
-32.9
Hochinma Involvement Small-Cap Rankings (MML13)
Jan 1 - Jun 30
▼
MML13a - Undisclosed Values & Values up to US$50m
17
Rank
▲ US$m
Rank Value per Advisor (US$m)
RankValue
Val Chg (%)
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
-88
6
34
Change in
# of Deals
14
26*
2016 # of
Deals
1
# of Deals per Advisor
Legal Advisors
AZB & PartnersRank
2*
King & Wood Mallesons
2017
Jones Day
HSA Advocates
-
Bathiya Legal
-84.0
-91.182
▼
▲
▲
27▼▼
-23.2-53.5
44.4
74.0
23
20.0
3
77
▲
1457.9
▼
▲
169.5
0
▼235.1
2
▼
66.8
▲
▼
6
2017 YoY Rank
102.9 ▲
▼
158
12*
68*
-9
10*
▼
35.0
▼ 63.7
100.2
▲
50.8 20 - -0 84* - -
73.9 12 146.3 ▲
▼
172.1
-3117114.016
▼▲
4.0▼J Sagar Associates
5Fangda Partners 7
-5
-53
Beijing Dentons Law Offices LLP-1615Khaitan & Co
7*
6
Haiwen & Partners
15* 1140
Norton Rose Fulbright
Herbert Smith Freehills 22*
43*29*
Shardul Amarchand Mangaldas & Co
8
9
12*-58
Grandway Law Offices -8
1
15*
10*19*
7-174*
Baker & McKenzie 158
-812*
O'Melveny & Myers16*16*
-
6
Bar & Karrer
16*
6
Simpson Thacher & Bartlett
DLA Piper LLP
62
21 5
16*
6-
-30.0
-62
16Clifford Chance
24
▼
29
Industry Total
https://www.thomsonone.com
-194 -13.1
▼
28
43*
124.9
51*
Hochinma Small-Cap M&A up to US$50m by Rank Value Range
Jan 1 - Jun 30Hochinma Small-Cap M&A up to US$50m by Target Industry
▼
▲
23.3 51 - -84* -
58 -42.5
0
▲
14.9▲
2
0
5 -9
6
▼84*
▲-6
30*
Kim & ChangLuthra & Luthra Law Offices
Grandall Law Firm 16*
AllBright Law Offices
21*White & Case LLP
Ashurst
30*27*
51*
DechertJingtian & Gongcheng
21*
Trilegal
21*
5
5
21*
14
3,522
3
34*
3
5
-
-10-6
1
6
4*
2 59.2
0
-1
▼- -
Freshfields Bruckhaus Deringer
2092.9
30*30*
Heuking Kuehn Lueer WojtekMorgan Lewis & Bockius
37 -34.521*27*27*
-4
4
5
-2 ▼
-2 ▼
▼-
▼4
4
-5 ▼3
▲
29*
▼
3
12*34*
▼10300.0
49.41 ▲115* 3 2
263.6 ▲65
86*
3-22 ▼
▼▲
-80.522
4521.4 ▲78* 75.0 ▲
-84* -
38*
0
128.4
27.8
43.364.7
31.2
14
103.9
-11Hogan Lovells
30*
50.0
38.051*
26*
51*
21*Allen & Overy
12.0
30.7
-
41
21 212.5
33.0
56.1
3.5
46.6
▲
-
500
1,000
1,500
2,000
2,500
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18
$20
# of
Dea
ls
Ran
k Va
lue
(US$
b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
16.3%
14.1%
13.7%
11.3%
9.1%
8.2%
7.6%
7.2%
5.5%
3.5% 2.0% Industrials
High Technology
Financials
Materials
Real Estate
Healthcare
Consumer Products and Services
Energy and Power
Consumer Staples
Media and Entertainment
Retail
Telecommunications
15
- -
- -
- --
- -
- -
-
-
-
0 29* - -0 29* - -
7.5 21 23.0 ▲14.9 18 - -
30.0 11* - -0 29* - -
0 29* - -2.3 28 - -
4.4 23 - -0 29* - -
0 29* - -0 29* - -
46.5 4 - -0 29* - -
4.0 25 -87.9 ▼0 29* - -
17.9 17 - -0 29* - -
4.2 24 - -19.3 16 -48.4 ▼
0 29* - -0 29* - -
0 29* - -29* - -
Latham & Watkins 19* 11* 1 -1 ▼Haiwen & Partners 19* - 1 1 ▲Simpson Thacher & Bartlett 19* 31* 1 0 -Minter Ellison 19* 31* 1 0 -
302.0
-
19* - 1▲
▼
1 ▲
4*
3
31*
11*
* tie
Cozen & O'Connor
# of
Hong Kong Small-Cap M&A up to US$50m by Rank Value Range
-38.1
2
1 -4 ▼
Hong Kong Involvement Small-Cap Rankings (MML12)
▼
▲▲▲
▲
10
163.7
7*
2*
6*
1
8
▲
2
3.842.3
2017
44.5
2
7*
Rajah & Tann LLP
Fangda Partners
8*
Change in
▲Deals
47 ▼Norton Rose Fulbright1 ▲
19 -73.5-
11.029*
-357.7
3
-
4
▲
▲-
22
-50.2
-29*
1
▲ 0
0
13 -
311*
50.8
2
▲
5.1
▲34.3
1
▲
31*
522 -
▼ ▼
-
34.0
-
▼
27.6
1519.779.9
35.0
2* 11*
0
▲
30.0
Sidley Austin LLP -22
-2
-
7*7*Kim & Chang
2
-32
Gibson Dunn & Crutcher
31*7*
1
7*
33
6*
DLA Piper LLP
7*J Sagar AssociatesWongPartnership LLP
-
Herbert Smith Freehills 8*▲
131.1
Sullivan & Cromwell
Dechert
3▲
Clifford Chance2
Industry Total
-
4*
69
2
4*
Jones Day 1 101.9RankLegal Advisors
8
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
▲
2016
Rank Value per Advisor (US$m)
RankValue
# of Deals US$m
# of Deals per Advisor
2017 YoY Rank
MML12a - Undisclosed Values & Values up to US$50m
2
Jan 1 - Jun 30
- -
14
7,372.7
https://www.thomsonone.com
27
8.9 20
Jan 1 - Jun 30Hong Kong Small-Cap M&A up to US$50m by Target Industry
▼
▼-88.4
-
0 29*
- -
16.7 ▲
24.7
-3.0
-63.1626
7
Val Chg (%)
Shearman & Sterling LLP
772
Michael Li & Co 19*
Rank
0
- 1 1 ▲
-
▲19*
Addleshaw Goddard 19* - 1 1Conyers Dill & Pearman 19* - 1 1 ▲Tian Yuan Law Firm 19* - 1 1 ▲
CMS 19* 31* 1 0 -China Commercial Law Co 19* 11* 1 -1 ▼Dorsey & Whitney LLP 19* - 1 1 ▲Fenwick & West LLP 19* - 1 1 ▲King & Wood Mallesons 19* 2* 1 -4 ▼Noerr LLP 19* 31* 1 0 -Tozzini Freire Teixeira e Silva 19* - 1 1 ▲Clarendon Lawyers Pty Ltd 19* - 1 1 ▲Jipyong 19* - 1 1 ▲Morgan Lewis & Bockius 19* 31* 1 0Squire Patton Boggs LLP 19* - 1 1 ▲JunHe LLP 19* - 1 1 ▲Lee & Ko 19* 31* 1 0 -Simon Ho & Co 19* - 1 1 ▲Kelley Drye & Warren 19* - 1 1
1 1 ▲AllBright Law Offices 19* - 1 1 ▲
19*
Davies Ward Phillips & Vineberg LLP 19* - 1 1 ▲Slaughter and May 19* - 1 1 ▲Allen & Overy 7* - 2 2 ▲Baker & McKenzie 7* 1 2 -5 ▼O'Melveny & Myers 7* - 2 2 ▲McCarthy Tetrault 7* - 2 2 ▲Thomson Geer 7* 31* 2 1 ▲
-
69.2
- -0 29* - -
29*
Rank
31.0 10 - -33.4 9 - -
-
50
100
150
200
250
300
350
400
450
500
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
# of
Dea
ls
Ran
k Va
lue
(US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
22.8%
13.1%
12.6%
9.2%
8.1%
7.0%
6.7%
6.4%
5.6%
5.3%
1.9%
Financials
Industrials
Real Estate
High Technology
Consumer Staples
Materials
Healthcare
Energy and Power
Media and Entertainment
Consumer Products and Services
Retail
Telecommunications
16
36.3 22* - -Arnold Bloch Leibler 28* 43* 2 1
-
-6*
1213
▲
-
▲
▲1
▲
▼
3
61.5
▼3
3
* tie
▼
17.60-2
-3
▲
4
32*▲
▲22
-12
3
2
-10
2▼
▼
Change in
▲
3
0 -
7
11
314.2
5393.8
-6
9
4
36*
-
-
36.84,493.0 ▲
https://www.thomsonone.com
▲
-
20.2
41
10
37.3 200
43.9
38.3
25.5
9.8
17
-
▲
▲
-21.9
87.9
47-
-
40 120.0-
-55*
▲
▼
▼
- -▲722.6
-71.6
-68.7
-
19
9
37.7 ▲
135.975.2
Jan 1 - Jun 30
201.5
0
221
67.3
-
43.9
-83.3
195.5
4
27
30
8
20.2
179.1119.7
-20.3
117.6 32.036*
48.3
149.436.8
28.455*
17.5
-39.5
-▲
-▲
131.3
-126* ▲
Norton Rose Fulbright
▲Jones Day 9
32
1011*
14*Clarendon Lawyers Pty Ltd
11*
16* 914*
Baker & McKenzie
313
55*
▼ 20.9
-
-11▲4
35
22*
109.2
Legal Advisors Rank
Rank Value per Advisor (US$m)
2016
22*
Gilbert + Tobin
Allens
MML11a - Undisclosed Values & Values up to US$50m
410
3
14*
78
5*
-1
-58*
3
26*
28*
5
1
5*
19*
23*
23*
19*
16*
Kain Lawyers Pty Ltd
Slaughter and May
19*
16*
23*
Borden Ladner Gervais LLP
Dentons
28*Jackson McDonald
Morrison & Foerster
HopgoodGanim
19*
2
28*
28*
112
11* -7
2
20* 0
7
4
3
2
20*
Webber Wentzel
Steinepreis Paganin
Simpson Grierson
Corrs Chambers Westgarth
Chapman Tripp 11*
Goodwin Procter LLP
16*
Clayton Utz
Clifford Chance
16*
DLA Piper LLP
11*14*
18
28*Ashurst
28*
Osler Hoskin & Harcourt LLP 28*
Industry Total
Allen & OveryBell Gully
23*Bracewell LLP
Linklaters
▼
10 25
3
Australia/New Zealand Involvement Small-Cap Rankings (MML11)
▲HWL Ebsworth Lawyers 2
Val Chg (%)
▼
2017
Herbert Smith Freehills
2017
5
Rank
# of Deals per Advisor
8 ▲
26.6
-▲-
▲
▲
▼
▼
61.3
780.8
▲
43*
6*
-
-
2
▼
1
4
4
▲2
▲
39.32
843
▲
4
1
19
88
King & Wood Mallesons
-11
17
1
Talbot Sayer Lawyers
-3Deals
▼ US$m
19
7
23*
28*
28*
1616
8*
Lander & Rogers Lawyers
9
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
K&L Gates 2
18
24
▲
YoY Rank
5
▲
14
# of Deals
-4
▲
▼
▼33.6
Australia/New Zealand Small-Cap M&A up to US$50m by Rank Value Range
10
RankValue
2▼▲
--
Australia/New Zealand Small-Cap M&A up to US$50m by Target Industry
-55*
▲
▼
Jan 1 - Jun 30
55*
▲
▲
1.412
-
-
-- -55*
Minter Ellison
Rank
Thomson Geer
32*
# of
056.7
0
-
52.96
-
-18
0
- 2ENSafrica
2
28* 43* 2 1 ▲-1 ▼26*
McCarthy Tetrault 28* 43* 2 1 ▲- 2 2 ▲
Squire Patton Boggs LLP 28* 43* 2 1 ▲- 2 2 ▲
Orrick Herrington & Sutcliffe LLP 28* 32* 2 0 -
19.0 38 -61.5 ▼50.5
30.1 26 - -
13
0 55* - -10.5 46 -22.8 ▼16.8 42* - -
0 55* - -
-
100
200
300
400
500
600
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
# of
Dea
ls
Ran
k Va
lue
(US$
b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
15.7%
15.7%
10.1%
9.8% 9.3%
7.0%
6.9%
6.7%
6.5%
5.9%
4.8% Real Estate
Materials
Consumer Products and Services
Industrials
Media and Entertainment
Consumer Staples
Financials
Energy and Power
Healthcare
High Technology
Retail
Telecommunications
17
20*
10*-▲
11*35*
* tie
Industry Total
2 1
▼
▼
20* -20*
RankValue 2017
-
- -
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
20* -
2,206.9
-
20*
-88.0
0
31.3
0
▼
https://www.thomsonone.com
YoY Rank
RankLegal Advisors # of Deals
Jan 1 - Jun 30
74.0
Rank Value per Advisor (US$m)
Deals
2017
Val Chg (%)
Singapore Small-Cap M&A up to US$50m by Rank Value Range
Change in
Singapore Involvement Small-Cap Rankings (MML14)
20*
55.3
28.9
10
▲
-
-278.8
2
-
▼-85.3
20*20*
▲
- -
18*
-
-
407.3▼
6
10*
5*
Clifford Chance
1
# of Deals per Advisor
-182*
2016
Cleary Gottlieb Steen & Hamilton
WongPartnership LLP
4
2*
Rank
AZB & Partners 2* 14*1
MML14a - Undisclosed Values & Values up to US$50m
-▲2
11*-
▲
2Jones Day 2
5*
11*0
11*11*
Allen & Gledhill5
Ashurst
Hogan Lovells5*
11*2
Herbert Smith FreehillsAllen & Overy 4*
10*
35*▲
25*
Rank
-2
3
125.04
US$m
▼
3
-4
-13
5*3
1
Shearman & Sterling LLP
35*-4
2
Morgan Lewis & Bockius
-35*
Slaughter and May23
5*
2
5*
5
# of
34*7
Freshfields Bruckhaus Deringer ▲▲
Singapore Small-Cap M&A up to US$50m by Target Industry
-
▼
▲
-
-50Jan 1 - Jun 30
▲
3
-▼-
-
-
-
-
0
0
54.5
-
-44.3
4
0 20*
▼1.03
20*
0
▼20*
2
▼3
-
-20*
2 -2 ▼-
2
27.1
0
0
▲
2
▲
2
-3
-2
-12.6
-
23.1-1
▼
▲
▼
0
11
0
405
29.8
5.6 16- ▲
--
-
2-1 ▼
0
-
-
--
9
-1 ▼
1
-20*
-9.9
13
-
-
Baker & McKenzie
Bae Kim & Lee
11*
11*
120*
Clayton UtzDentons
Weil Gotshal & Manges
11*Morrison & Foerster
214*
11*
11*
11*
2
▼
0▲
11*
21
11* -
Simpson Thacher & BartlettShardul Amarchand Mangaldas & Co
035*02
135*
Kirkland & EllisO'Melveny & Myers
J Sagar Associates
2
20*
2
2
11*11*
14*
14*
Shook Lin & Bok LLP0▲
- -20*0
▲
- 235*
2
15.6%
13.4%
13.2%
13.1%
12.3%
10.7%
7.2%
5.0%
3.3%
3.3% 2.2% Industrials
Real Estate
Financials
Media and Entertainment
Healthcare
Consumer Products and Services
High Technology
Consumer Staples
Energy and Power
Materials
Telecommunications
Retail
-
50
100
150
200
250
300
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
# of
Dea
ls
Ran
k Va
lue
(US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
18
0 39* - -0 39* - -Wachtell Lipton Rosen & Katz 29* - 2 2 ▲
White & Case LLP 29* 8* 2 -8 ▼
29*▲Lee & Ko 29* 19* 2 -2 ▼
410.2▲
Rank Value per Advisor (US$m)
2017
520.6▲
- 2 ▲ 39*16.0 27
2
Industry Total
* tie
1737.0
-29.3
▲236.4
39*
-
Kirkland & Ellis
2830.0 ▲
-
204.8 3 US$m
460.6
890.0
15.3
621.15960.09
1257.4
▼ -8.5
https://www.thomsonone.com
Japanese Small-Cap M&A up to US$50m by Rank Value Range
▲
4,938.7
Val Chg (%)
▼
30.0
-37.267.3
▲
0
61.7
2234.7
39*
300.0
Japanese Small-Cap M&A up to US$50m by Target Industry
12*
6
15.0
-0
- -0
YoY Rank
-▲7*
▲▼
▲
4
-
▲
39*
▼▼
▼▼
▲
0
Japanese Involvement Small-Cap Rankings (MML15)
0
-39*
▲
10
18
▲5
15*
650.0-39*
▲
Legal Advisors
1,490
5
-23Mori Hamada & Matsumoto
16
Nishimura & Asahi
Jones Day
2 1
2
▼
54*
Deals
Change in
-7
▲
Jan 1 - Jun 30
# of Deals Rank
-3 ▼
-12 201.9
▲
-
460.9
▼
2016
Rank
0
8
-6
-Kim & Chang
5 ▼
▲
-8
7
4
6 ▲7
4
12*87
23
9
262
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
6*1
Shearman & Sterling LLP
Squire Patton Boggs LLP 54*
6*
7*19*
19.713* ▼
▼
12* 6
13*11*
RankValue
Morgan Lewis & Bockius
# of
4
Clifford Chance
Allen & Overy
Morrison & Foerster
Baker & McKenzie
Anderson Mori & Tomotsune
107*
Jan 1 - Jun 30
-
▲
1611.7
25 181.411 2130.0
2900.0-
0
44.6
DLA Piper LLP
-135
18*
Nagashima Ohno & Tsunematsu
11*
Rank
13*
13*
3
Ashurst
456
# of Deals per Advisor
1
2017
-218*
18*
Bird & Bird 18*
AZB & PartnersHerbert Smith Freehills
3
16* 3
39*-
▼▲
-4
37*
4
102.712* 3 -3
18* 37* 3 1
▲
-613*
11 -337*
460.0▲-
5.6 34
2839* -▲
0 39* -592.5
Latham & Watkins 18* 16*
▲19
-
0
0 -
27.7-
▲
0 39*
-03 -2 ▼ 39* - -
39*
18* 28* 3 0 -00 39*
3
- -Iwata Godo 29* - 2 2 ▲ 61.7 7* - -Goodwin Procter LLP 29* - 2 2 ▲ 0 39* - -Oh-Ebashi LPC & Partners 29* 19* 2 -2 ▼ 18.1 26 352.5 ▲K&L Gates 29* 37* 2 0 - 0 39* - -Gleiss Lutz 29* 28* 2 -1 ▼ 0 39* - -Taylor Wessing LLP 29* 54* 2 1 ▲ 58.2 10 5720.0 ▲Hogan Lovells 29* 5 2 -11 ▼ 0 39* - -Altana SELARL 29* - 2 2 ▲ 0 39* -PwC Legal LLP 29* - 2 2 ▲ 0Norton Rose Fulbright 29* 28* 2 -1 ▲
2 -
39* - -
▲ 0▼ 20.3
Bar & Karrer 29* 54* 2 1
Orrick Herrington & Sutcliffe LLP
Andrews Kurth Kenyon LLP 29* - 20 -
39* -23 576.7
4
4
3
MML15a - Undisclosed Values & Values up to US$50m
19*
King & Spalding
3 22
3
54*19* -1
18*
3
354*
8*
-1 ▼
0
Hibiya-Nakata
Clayton Utz
Noerr LLP
18*Skadden
▼1
TMI Associates
7*
54*
18* -
Freshfields Bruckhaus Deringer
Cooley LLP18*
3
39* -
▲
▲
▲
-
319*
-
100
200
300
400
500
600
700
800
900
1,000
$0
$1
$2
$3
$4
# of
Dea
ls
Ran
k Va
lue
(US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m Total # of Deals
19.7%
14.1%
12.8%
11.4%
8.4%
8.2%
7.2%
5.7%
5.3%
3.8% 3.4% High Technology
Industrials
Consumer Products and Services
Real Estate
Media and Entertainment
Retail
Materials
Consumer Staples
Financials
Healthcare
Energy and Power
19
94.3 5 - -
23.3 34 -25.6 ▼0 62* - -
0 62* - -0 62* - -
0 62* - -0 62* - -
0 62* - -3.0 60 - -
24.7 33 - -0 62* - -
22.1 35 -41.2 ▼16.0 42 -90.9 ▼
37.6 18 -8.1 ▼10.7 49 -46.5 ▼
34.3 22 - -12.5 46* - -
0 62* - -0 62* - -
21.8 36 990.0 ▲12.0 48 - -
0 62* - -0 62* - -
46.6 11 - -30.7 25 2.3 ▲
73.9 6 -34.4 ▼18.0 40* -40.0 ▼
53 -95.3 ▼0 62* - -
Hairun Law Firm 25* - 2 2 ▲
Norton Rose Fulbright 13* 10 3 -7 ▼
▼3 -10▲Machado Meyer Sendacz & Opice 13* -
Rank
▲Commerce & Finance Law Offices
Ashurst
Rank
13*
3
▼
-1
Allen & Overy 13* 13* 3 -5
GF Law Firm Shanghai 13* -
54*
3
3 -13 1
7
* tie
Deals
13*
2,207
▼
313* 8*
White & Case LLP 13* 31*Ropes & Gray
https://www.thomsonone.com
▼ 20,326.6 -17.9 ▼
Jan 1 - Jun 30Chinese Small-Cap M&A up to US$50m by Target Industry
-3 ▲ 58.4 9 -18.0 40* 1185.7 ▲Hogan Lovells 13* 35* 3 0 -
Hunan Qiyuan Law Firm 13* - 3 3 ▲39 -77.0 ▼
-10 -
▼Kim & Chang 13* 35* 3 0Jingtian & Gongcheng 13* 2 3 -22 ▼ 31.2 23* -87.7
3.5 58* 150.0 ▲Heuking Kuehn Lueer Wojtek 13* 74* 3 2 ▲DLA Piper LLP 12 21* 4 -1 ▼ 41.7 14 -3.7
15.0 43 -17.1 ▼▼
▼O'Melveny & Myers 10* 54* 5 3 ▲AllBright Law Offices 10* 35* 5 2 ▲Simpson Thacher & Bartlett 8* 35* 6 3 ▲ ▼
-26.314.9 44 -27.3
859.2
3 -63.9 ▼
▼
Grandall Law Firm 8* 5* 6 -10
-46.929 -66.8 ▼
4 22.8 ▲8 -8 ▼ 124.9 1
Jones Day 5* 18* 8 2 ▲Haiwen & Partners 4 21* 9 4 ▲ 62*Beijing Dentons Law Offices LLP 3 3* 14 -5 ▼ 63.7 7King & Wood Mallesons 1* 1 16 -27 ▼ 4.0
RankValue 2017 YoY Rank
Rank Value per Advisor (US$m)
Rank
-99.457
Val Chg (%)
▼2 -4.3
-37.3 ▼▼
Legal Advisors
2017
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
Chinese Small-Cap M&A up to US$50m by Rank Value RangeJan 1 - Jun 30
Clifford Chance 25* 11* 2 -7 ▼
114.0
- -
Covington & Burling 25* - 2 2 ▲Dechert 25* 74* 2 1Freshfields Bruckhaus Deringer 25* 35* 2 -1
▲
25*
-225
16 ▼
▼
0
27.8
▼
94.4
▼
- 18.353.0
# of Deals US$m
Fangda Partners
# of Deals per Advisor
1* 3*
2016
-3
Change in
Chinese Involvement Small-Cap Rankings (MML20)
# of
100.2
MML20a - Undisclosed Values & Values up to US$50m
Herbert Smith Freehills 75*Grandway Law Offices 5*
Industry Total
17 2 -5 ▼31* 2 -2 ▼
J Sagar Associates 25* - 2 2 ▲Tian Yuan Law Firm 25*
HWL Ebsworth Lawyers 25* - 2 2 ▲
8.2
China Commercial Law Co 25* 21* 2 -3 ▼Skadden 25* 74* 2 1 ▲Guantao Law Firm 25* 54* 2 0 -Jia Yuan Law Offices 25* 8* 2 -11 ▼Morgan Lewis & Bockius 25* 54* 2 0 -Harnest & Garner Law Firm 25* - 2 2 ▲Demarest Advogados 25* - 2 2 ▲McCarthy Tetrault 25* - 2 2 ▲Eversheds Sutherland LLP 25* 74* 2 1 ▲Baker & McKenzie 25* 13* 2 -6 ▼Kirkland & Ellis 25* - 2 2 ▲Orrick Herrington & Sutcliffe LLP 25* 13* 2 -6 ▼Blake Cassels & Graydon 25* 74* 2 1 ▲Latham & Watkins 25* 54* 2 0 -
-
200
400
600
800
1,000
1,200
1,400
1,600
$0
$2
$4
$6
$8
$10
$12
$14
$16
# of
Dea
ls
Ran
k Va
lue
(US$
b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
17.2%
16.3%
12.9%
11.9%
8.6%
8.0%
7.8%
7.2%
3.9% 2.6%
Industrials
High Technology
Materials
Financials
Healthcare
Real Estate
Consumer Products and Services
Energy and Power
Consumer Staples
Media and Entertainment
Retail
Telecommunications
20
0
0
0
0
2.7
21* - -0 21* - -
21* - -0 21* - -
21* - -0 21* - -
21* - -0 21* - -
19 - -20.0 13* -63.8 ▼
4.7 18 - -0 21* - -
0 21* - -0 21* - -
15.0 16 - -28.8 12 26.9 ▲
Greenberg Traurig 17* 20* 1 -1 ▼TRA Law 17* - 1 1 ▲Baker & McKenzie 17* 20* 1 -1 ▼MD&T Partners 17* - 1 1 ▲Vertices Partners 17* - 1 1 ▲Gowling WLG 17* - 1 1 ▲Squire Patton Boggs LLP 17* - 1 1 ▲Clayton Utz 17* - 1 1 ▲Majmudar & Partners 17* 13* 1 -2 ▼Herbert Smith Freehills 17* - 1 1 ▲Dentons 17* 34* 1 0 -
▲Krishnamurthy & Co 17* - 1 1 ▲
17* - 1 1 ▲Davis Polk & Wardwell 17* - 1 1
1 0 -ENSafrica 17* 34* 1 0 -
Industry Total
White & Case LLP
2Bathiya Legal
Hogan Lovells 17* 34*
Stibbe
1
Khaitan & Co
▲
Rank Rank # of Deals
* tie
AZB & Partners
HSA Advocates6 14 1
3
9
RankValue
Legal Advisors
2017
Deals
12*
J Sagar Associates 2
34*
8.7
2
▲
4 17
-
1 ▲
▼ 0 21*
0 21*
-
0 21*
-
https://www.thomsonone.com
40.0 9
▲
--
Jan 1 - Jun 30
-
0
18.8
Indian Small-Cap M&A up to US$50m by Target Industry
--
688 55 ▲ 20,326.6
-
--
▼- -
1.3
Corrs Chambers Westgarth 12* - 2 2 ▲ 50.0 6Cyril Amarchand Mangaldas 12* 11* 2 -2Morgan Lewis & Bockius 12* 13* 2 -1 ▼BMR Legal ▼10* 7 3 -7 ▼
17 -20 -96.0
▼-Tatva Legal 10* 20* 3 1 ▲
83.3Trilegal 9 5 4 -11 ▼
-
43.3 8 -14.156.1 5
21* -Luthra & Luthra Law Offices 8 11* 5 1 ▲ ▲Bar & Karrer 7 - 6 6 ▲ 0
8▼ 103.9 4 36.0 ▲
44.4 7
Shardul Amarchand Mangaldas & Co 6 3 8 -165 13* -51.7
▲▼
31.4▲15 -16 169.5 2 47.4
1 109.2 ▲▲-5
Val Chg (%)
128.4 3 51.41 1 34 -6 ▼
US$m
457.9Rank
2017 YoY RankChange in # of 2016
Rank Value per Advisor (US$m)
MML21a - Undisclosed Values & Values up to US$50m
# of Deals per Advisor
Indian Involvement Small-Cap Rankings (MML21)
Jan 1 - Jun 30 Indian Small-Cap M&A up to US$50m by Rank Value Range
- -
17.8 15
-37.0 10 -
21*
- --
-21*11
0 21*
0
0
▼
- -
11 0
1
-4
▼
31.0
20.0
Jones Day
Clove Legal1
-1 ▼
▲▼
1
-
11 ▲
20*-
1
Linklaters
Ashurst
Goodwin Procter LLPCleary Gottlieb Steen & Hamilton
10
20*
20*
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
2
-34*
-1
17*17*
Shearman & Sterling LLP17*
17*17*17*
12*
4
-
50
100
150
200
250
300
350
400
450
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
2.0
# of
Dea
ls
Ran
k Va
lue
(US
$b)
US$0 - 10m US$10 - 20m US$20 - 30m US$30 - 40m US$40 - 50m # of Deals
16.7%
15.6%
11.0%
10.0%
9.6%
8.1%
6.9%
6.9%
5.1%
4.9%
3.5% Industrials
Financials
Consumer Staples
Real Estate
High Technology
Materials
Consumer Products and Services
Energy and Power
Healthcare
Media and Entertainment
Retail
Telecommunications
21
-
-
-
-
-Asia-PacificCatherina Guinto-RoldanTel: +81 3 6441 1142E-mail: [email protected]
Japan -Kaori Motohashi (Ishida) Tel: +813 6441 1338
-
First Half 2017 │ Small-Cap M&A Up To US$50m │ Legal Advisors
© 2017 Thomson Reuters. All rights reserved.
Thomson Reuters and the Thomson Reuters logo are registered trademarks and trademarks of Thomson Reuters and its affiliated companies. Any third party name or mark herein belongs to the relevant third party.
https://www.thomsonone.com
While Thomson Reuters has used reasonable endeavors to ensure that the information provided in this document is accurate and up to date as at the time of issue, neither Thomson Reuters nor its third party content providers shall be liable for any errors, inaccuracies or delays in the information, nor for any actions taken in reliance thereon, nor does it endorse any views or opinions of any third party content provider. Thomson Reuters disclaims all warranties, express or implied, as to the accuracy or completeness of any of the content provided, or as to the fitness of the content for any purpose to the extent permitted by law. The content herein is not appropriate for the purposes of making a decision to carry out a transaction or trade and does not provide any form of advice (investment, tax, legal) amounting to investment advice, nor make any recommendations or solicitations regarding particular financial instruments, investments or products, including the buying or selling of securities. Thomson Reuters has not undertaken any liability or obligation relating to the purchase or sale of securities for or by any person in connection with this document.
Deals with undisclosed dollar values are rank eligible but with no corresponding Rank Value. Non-US dollar denominated transactions are converted to the US dollar equivalent at the time of announcement of terms.
E-mail: [email protected]
Ranking Criteria Summary
Announced league tables include all deals that were announced between January 1, 2017 and June 30, 2017 and of which Thomson Reuters was made aware. All current data and previous year's data is as of 6:00am EST on July 7, 2017.
League tables include rank eligible mergers, acquisitions, repurchases, spin-offs, self-tenders, minority stake purchases and debt restructurings.
Americas
A tender/merger transaction is considered to be effective at the time of consummation of the merger or the date on which it is declared wholly unconditional.
Ewelina Jarecka
Tel: +1 646 223 5682
If you would like to participate in the submissionprocess, receive quarterly press releases, or havequestions about league table criteria please contact:
Any Involvement league tables include deals where the target, acquiror, or either ultimate parent are domiciled (nation of headquarters) in the specified region or nation.
E-mail: [email protected] tables, commentary, and charts citing announced activity are based on Rank Date and include intended, pending, partially complete, completed, pending regulatory, and unconditional transactions. Rank Date is defined as the earliest public announcement of when a value can be applied to a transaction.
E-mail: [email protected] and legal advisors receive full credit for each deal on which they provide financial or legal advisory services, unless they represent minority sellers or advise on only a portion of the transaction or Thomson Reuters has not been made aware of their participation in that transaction. For pending transactions, advisors to targets of multiple bids receive credit for the transaction agreed to or, in the absence of an agreement, the value of the highest offer.
Europe, Middle East & Africa
Robert Levine
Tel: +44 (0)207 542 2246
22
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