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Sullivan & Cromwell rated No. 1 in U.S. M&A list
Law firm Sullivan & Cromwell leads the U.S. M&A rankings for the second quarter, according to a survey conducted by Legal Week. As the M&A market witnessed significant growth, the law firm rose to the top. Their success is attributed to advising on 67 deals worth a total of $318 billion. As per statistical estimates from Mergermarket, the total value of the firm's deals is up by 26% to $719 billion while the overall numbers of deals has dropped 3%.
Among other firms, Wachtell Lipton Rosen & Katz, Simpson Thacher & Bartlett, Shearman & Sterling, and Skadden, Arps, Slate, Meagher & Flom featured on the M&A list. The overall growth of the M&A market and increase in cross-border European M&A transactions has also helped UK's firms. The UK's top-50 law firms witnessed a rise in revenue of 13.1% with a 19% rise in partner profits.
Barrett Burke ties up with Trinity Hunters to form Legal Processing Company
Dallas-based law firm Barrett Burke Wilson Castle Daffin & Frappier has finalized plans to merge with Private Equity group Trinity Hunt Partners to launch the National Default Exchange. The newly formed entity will work in the area of mortgage default, foreclosure, and bankruptcy administrative processing.
Approximately 850,000 properties went into mortgage default last year and more than 1,930,000 bankruptcies were filed across U.S. Barrett Burke and Trinity Hunt will combine their experience, relationships, and resources to accelerate the growth of National Default Exchange and aid its reach into additional geographical markets.
Currently, Trinity Hunt manages all trustee and administrative processing for Barrett Burke's mortgage industry clients. Barret Burke enjoys the reputation of being one of the leading providers of trustee, administrative processing, and legal services to the mortgage industry.
Baker & McKenzie elevates attorneys to partners in international offices
Chicago-based law firm Baker & McKenzie has announced series of promotions across its regional offices in Asia, as reported by financeasia.com. Seven associates have been appointed to partner in Hong Kong, Beijing, Shanghai, and Ho Chi Minh City.
The firm believes these new developments will strengthen their practice areas of M&A, corporate finance transactions, corporate tax planning, tax controversy, and litigation. The Vietnam office, however, is focusing on intellectual property, technology licensing and investment issues.
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