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This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Slaughter and May and Macfarlanes have pinched the top spots for UK M&A for the year to date, thanks to their work on Verizon Communications’ acquisition of Vodafone’s 45 per cent stake in Verizon Wireless for $130.1bn (£84bn).
According to Thomson Reuters’ preliminary data for worldwide announced M&A for the first three quarters of 2013, Slaughters worked on 33 M&A deals with UK involvement, with a combined value of $136.2bn.
The bulk of this figure is thanks to the firm’s instruction by Vodafone on the enormous transaction (2 September 2013), topped up by deals including the $2.2bn acquisition of Stansted Airport by Manchester Airport Group in July 2013 (21 January 2013).
The Verizon transaction also boosted Macfarlanes’ total UK deal value to $130.3bn – with the outstanding $200m unattributable to its work for Verizon generated by five separate deals. The largest of these was the Canary Wharf Group’s estimated £128m ($195.6m) acquisition of 15 Westferry Circus.
The Verizon/Vodafone deal is worth £100m more in value than the period’s second largest transaction with UK involvement – Vodafone’s €7.7bn (£6.6bn) takeover of Kabel Deutschland, in which Linklaters took the helm for the UK-domiciled telecommunications company (24 June 2013).
Slaughters and Macfarlanes also feature as the two highest ranking UK firms in Thomson Reuters’ global M&A rankings, followed by Allen & Overy, Freshfields Bruckhaus Deringer, Hogan Lovells, Linklaters, Clifford Chance and Herbert Smith Freehills respectively.
Data is for the year up to 30 September, and includes all deals announced since 1 January.
Announced deals with any UK involvement, 1 Jan to 30 September 2013