Osborne Clarke: the M&A fees winner

The Lawyer today reveals which firms did best in terms of public M&A legal fees for the first half of 2014. UK public M&A work is down, as are fees. But as the deals markets shows signs of life, it’s not just the M&A titans that are winning.

A raft of smaller firms also took a bite of the M&A action during the period. Osborne Clarke scooped a £1.5m payout for its advice to Carphone Warehouse on its enormous Dixons Retail merger.

Meanwhile, Scottish firm Shepherd & Wedderburn came up trumps thanks to advising on two of the period’s largest deals – F&C’s £708m acquisition by BMO Global Asset Management, and Wolfson Microelectronics’ £291m buyout by Cirrus Logic.

That said, a handful of top tier firms have again raked in mega fees on particularly complex deals. Neither Linklaters, Clifford Chance, Freshfields nor Slaughters got out of bed for less than £1.2m in fees from the target or £1.6m on the bid-side of a UK public M&A deal.

Check out our feature Decline & Fall for more on which firms received what, and for the formulas behind some of the period’s biggest fee arrangements.

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