Download - LEGAL ADVISORS MERGERS & ACQUISITIONS REVIEWMERGERS & ACQUISITIONS REVIEW Worldwide M&A Declines 28% l Government Investments Total 17% of M&A l Private Equity At Lowest Levels Since

FINANCIALS, RESOURCES LEAD ACTIVITY - During full year 2009, five industrysectors have dominated M&A activity, accounting for a combined 69% of announcedvolume this year. The Financials sector was most active with a 20% market share whilethe Energy & Power and Industrials sectors accounted for 16.9% and 11.8% of M&Aactivity, respectively. Healthcare, driven by pharmaceuticals and biotech, drove 10.7% ofactivity, while Materials contributed 10.1%.

SLOWEST YEAR FOR PRIVATE EQUITY M&A SINCE 2002 - Worldwide private equitybacked M&A activity totaled US$48.7 billion during the fourth quarter of 2009, the largestthree month period since the third quarter of 2008. For full year 2009, private equitybacked M&A totaled US$133.8 billion, a 43.5% decrease over last year and the slowestfull year period since 2002.

Global Deals Intelligence

FOURTH QUARTER 2009 LEGAL ADVISORS

MERGERS & ACQUISITIONS REVIEW

https://www.thomsonone.com

Worldwide M&A Declines 28% l Government Investments Total 17% of M&A l Private Equity At Lowest Levels Since 2002

WORLDWIDE M&A DOWN 28%, NUMBER OF DEALS DOWN 7% - The value ofworldwide M&A totaled US$2.1 trillion for full year 2009, a 28.2% decrease from 2008levels and the slowest annual period for M&A since 2004. By number of deals, M&Aactivity is down just 6.6% compared to last year with over 38,000 announced deals.Fourth quarter M&A activity totaled US$625.4 billion, the largest quarterly total since thethird quarter of 2008.

GOVERNMENT INVESTMENTS TOTAL 17% OF M&A - Investments by governmentsand government entities in the fourth quarter saw a slight increase from the previousperiod. For the fourth quarter of 2009, government investments totaled US$52 billion, anincrease of 5.1% from the third quarter of 2009. For full year 2009, governmentinvestments accounted for 16.6% of overall M&A activity, the highest percentage onrecord.

Worldwide Completed M&A by Region - Imputed Fees

$0

$1

$2

$3

$4

$5

$6

$7

1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09

Impu

ted

Fees

(US

$b)

AmericasEMEAAsia Pacific (ex Central Asia)Japan

Government M&A Investments

2.8%3.8%

5.8%

7.8%

5.9%

2.9%

15.1%

16.6%

7.0%8.1%

5.8%

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Ran

k Va

lue

(US$

b)

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

% o

f Glo

bal M

&A

Q4 Volume (US$b)Q3 Volume (US$b)Q2 Volume (US$b)Q1 Volume (US$b)% of YTD Global M&A

12,523.7

158,278.1

125

23,115.8

North America 9,975923,792.9

Africa/Middle East

Brazil

1,009,297.0

8,118.0

86,160.9102,649.0

439

2,099 268,962.1

106,394.51,168,696.3

10,179.9 71

South East Asia

139,403.9 1,771

South Korea

4,854Indonesia 9,553.5 425

2,722

Singapore

New Zealand 1,551.3

424,419.8

EuropeEastern Europe

80,375.2

141,185.3Australia

46,270.4

United Kingdom

113,753.284,477.9 1,13085,504.1

South AmericaCanada

Western Europe

Sub-Saharan AfricaNorth AfricaMiddle East

61,265.5

41,577.6Colombia 6,630.6

11,531

351

3,151.849,722.0

898,802.4

% Change in Rank Value

7,624

Caribbean

2,147

7,122.8 179 158

4,839.8 181819,885.6

9,418.1

99,754.1

AmericasCaribbean

1,974.4

918,316.0

247 152

Asia-Pacific1,971

10,383

1,179

95,064.3

6,829.7Mexico

Australasia

-18.4

110.4

▼

8,662.1

ChinaNorth Asia

-30.7

1,525

93,104.0

4,018

431

2,390

10,660226Sub-Saharan Africa


Mergers & Acquisitions Review

▼1,141

North AsiaChina 101,578.8

South Asia 19,799.2

207,208.5

40,441.0

63,780.5▲ 2,472Japan 108,006.2 2,218 92,031.3 ▼40.32,548Central Asia

2,460

720 77631,229.3 77428,552.2

26893

22.233,098.7

12,197.0Singapore

826

16,987.239127,221.0

▼-35.7

1,210 95,982.3

1,5152,211.6140

2411,494

6,107.8

98.5 ▲

-47.9 ▼▲▼▼-27.4

-24.0 ▼

279,431.9783

120,718.6

1,035

18964,203.9

1,425

60,901.62,356

23,407.0

28011,263

8,945

19,130.1

1,081,783.9

1,202,502.4

114

102,531.4

9,6628,0541,608

924,185.5

86,835.063,544.5

Spain

14,652.3

130,771.1

1671,871

▼3,352.5 -53.7 ▼243

-37.5

90,239.0

46,046.7 2,295 73,670.4

1,125

2,115

38,412.0

27114,711.8 377

9971,192

76,968.9

36,873.6

Japan

South Korea 23,745.918,356.2

South East Asia▼

-43.8

▲-48.5

221,007.4113,646.2

4,973

48.5

897 -33.7

-46.0

54.5

▼

▲2,148

Fourth Quarter 2009 | Mergers & Acquisitions | Legal Advisors

2,702 -41.2 ▼

7256228510

14,778.918,219.5

27,725

25,210.01,026,716.9

▲

Rank Val US$m No. Deals

38,325 2,886,971.9

Scorecard: Worldwide Announced M&A Scorecard: Worldwide Completed M&A

1/1/2008 - 12/31/2008Rank Val

US$m No. Deals

31,5122,854,063.5

1/1/2009 - 12/31/2009 1/1/2008 - 12/31/2008

41,045 1,699,333.22,072,565.5

▲

1/1/2009 - 12/31/2009% Change in Rank Value Target Region/Nation Rank Val US$m No. Deals

North America1,566.6 90-79.2

-25.7 ▼

795,678.7

82,755.9Canada712,922.8

Worldwide-20.6

Target Region/Nation Rank Val US$m No. Deals

-28.2Americas

▼

▼ -40.5 ▼▼

25,422.5108 113

Worldwide▼

-80.610,8421,156,363.7 13,169 -22.11,154,192.0

-24.4 ▼8,588

4,919.4▼

181 ▼ -93.8 ▼223 -71.4 ▼ -92.4

Mexico-22.5 ▼

United States 720,131.6 7,585 9,371 -22.0 ▼ -22.9 ▼▼

United States

26.2915South America 96,229.9 725 ▲-19.3

6,099

▲104.0Colombia 6,456.6 73 3,165.7 51▲791 -34.2 ▼ 29.2303 60657,163.1Brazil 73,849.5

-49.1 ▼18,488.2

885 63252,128.4-16.4 ▼-47.2280 ▼

10,190.2 95 115 25.5 ▲ -77.7 ▼-32.3 7,798.5

-23.4 ▼580,246.0 13,063 13,863 -50.4 ▼

18,863.8Europe 509,087.2 ▼

-56.5 ▼ -66.3 ▼-57.7

2,318Eastern Europe 40,664.3 3,366

▼533,975.6 9,045 1,062,301.9 10,970 -56.7

-53.2-49.7

2,325▼

1,730Western Europe▼

United Kingdom7,294468,422.9

▲Spain 57,142.4 773

1,414 -21.7 ▼ 28.6Germany▼

-43.1 ▼6,303435,221.0 10,439 -2.5 ▼ Asia-Pacific-8.01,07669,053.7Germany 928

1,365 1,632

637

353,209.499,212.9

5,748

67,501.9

-47.6 ▼

-42.6 ▼

-48.1 ▼-19.5 ▼

41.888-6.2 ▼ 2,10885,495.0 -45.5156,975.1

▼ Philippines

85244,212.53,000 -10.6 ▼

457,067.0 4,265.340Central Asia 8,465.678 44.0 ▲

23,221.1

▲

2,893

1,026

510

1,270

77

401

76,224.0

Central America 23,895.5 Central America 25,828.6131

11,518 -18.8 ▼

16.7

▼North Africa

Africa/Middle East 26,520.9Middle East

4,070.1

51,951.9201,142.3

49,787.2New Zealand 1,780.8

AustralasiaAustralia

South Asia

2 of 26

4.5

Baker & McKenzie

92,191.7103,433.5

Gibson Dunn & Crutcher

1,656,267.8416,297.7

Shearman & Sterling LLP

US$m354,395.7

Mallesons Stephen Jaques

Rank Value

114,101.8110,132.3

Legal Advisor

245,495.8

SkaddenFreshfields Bruckhaus Deringer


Skadden

Wachtell Lipton Rosen & Katz

7

Subtotal with Legal AdvisorIndustry Total

Subtotal with Legal AdvisorIndustry Total100.0

14

193,953.4

262,384.0

Slaughter & May

10111213

20644

15.4 8415.515.5

251,763.415.6 110

No.

Worldwide Completed (AG1)

Rank Value

2Cravath, Swaine & Moore22.9

1/1/2008 - 12/31/2008

389,646.8

Worldwide Announced (AE1)

283,523.6

Mkt.

322,139.3 217.1

RankUS$mLegal Advisor Share

Worldwide Rankings

Mkt.Rank Value1/1/2009 - 12/31/2009

Deals

16.7 149,190.0468,963.5

US$m-16.990.0

Rank Val% Chg. in

491401

3236173

-11.1137 1412.9

Clifford Chance

Simpson Thacher & BartlettDavis Polk & Wardwell

Cravath, Swaine & Moore

Linklaters

267,937.4

12

266,701.9

Allens Arthur Robinson232,286.2229,099.0

Sullivan & CromwellDewey & LeBoeuf LLPWeil Gotshal & Manges

11

172,691.2

186,610.8

214,515.5204,648.9191,663.3

183,566.2

Slaughter & May

140,099.8136,099.1Blake Cassels & Graydon

Latham & Watkins 143,206.0Cleary Gottlieb Steen & Hamilton

Allen & Overy

125,298.1

Paul, Weiss

Debevoise & Plimpton

79.9Subtotal without Legal Advisor

Freehills

Cadwalader, Wickersham & TaftOsler Hoskin & Harcourt LLP

1415

5.3

5.65.522

19 6.66.8

6.1

99.39.0

109.9

45

8

67

12.911.9

11.1

8.9

11.2

10.4

8.3

116

8.1

6.86.97.4

247

13

152,609.7

21

1718

20116,918.1

167,586.7

141,694.316

224,030.11

Linklaters491,883.9 Simpson Thacher & Bartlett

Sullivan & Cromwell

7

204176,859.7215,074.0

345,192.4

64

Dewey & LeBoeuf LLP99

186,792.230,920

7,40538,325

2,304,693.6582,278.4

1,472,797.31,699,333.2

86.7-40.5

* tie


-39.3

2524 5.0

Herbert Smith/Gleiss Lutz/Stibbe▼ Subtotal without Legal Advisor20.1 226,535.9

88▲

177,184.7

110,132.3156,714.4

88,388.4

91,140.4

Fried Frank Harris Shriver & Jacobson

McCarthy Tetrault

211,285.9198,283.4

-5.2

242,862.9

152

120326,193.8

* tie

11

▼-50.6

6

2015

▼

▲

▲12

32157

50

1737

89

Allens Arthur Robinson

Cadwalader, Wickersham & Taft

Weil Gotshal & Manges

Davis Polk & WardwellLatham & Watkins

226,128.5

Allen & Overy 190,286.0183,178.7

100.0

88,738.9

162,799.4

90,675.4

81,236.4

5.2

10.4173,545.4170,077.0

62.4

-47.2-58.5 ▼

▼

28.5

▼

5-51.9

28 168.7

-28.1 ▼

362,224.9

9

317,451.1

1318

268,313.1

1/1/2009 - 12/31/2009

Deals

15.5

ShareNo.

Rank1

US$mRank Value

-16.1422,545.2 3

% Chg. in

8

7

224,942.3

102 70,275.543,682.5

279,574.3

158,144.8

7349

4

10143,327.7 21

215

208,468.8

-19.7

124,852.6

-42.8-34.3

23-21.1

71.37.1

16Blake Cassels & GraydonPaul, Weiss

2

5

2115

9

7

18

8

213,673.5416,580.7

14

1556,216.24

268,134.8

11

3Rank

2212

24

6 -44.06.7

25.5

1065 168,617.1 17

255,928.153163

20155,439.9161,382.8 19

197

21,3814.8

3334

96,507.691,725.6

90

27,725

205.2

5.3

25

2324

13.3

247,626.316.6▲ Shearman & Sterling LLP 1273282,523.8▲▲101

123 249,118.3

95

2355,085.8115

10464

4,940.4

112 203,988.5

50

22

63.999

85,253.2

▼

▲

-56.4

2021

15

5.4

9.610.0

11.210.8

9.2

10.2 162,590.798

265,432.5

6.5

50

133

624 6,468.9

135,526.6

95

8712.4

13.313.2

-50.2466,899.7 2 ▼

4265,617.0

262,964.5Freshfields Bruckhaus Deringer 6263,432.3Wachtell Lipton Rosen & Katz

Cleary Gottlieb Steen & Hamilton5

Rank

1/1/2008 - 12/31/2008

Rank Val

150,368.5

309,275.8

508,704.7197

205,370.980220167

316,296.4

11.711.4

352,677.294

1817

19

-47.2

-3.5-38.8

1,602.5

-3.3

-54.6-8.4

6,344

16178,824.7429,061.9

2,425,001.6

107

-28.2 ▼ ▼2,886,971.92,072,565.5 2,854,063.5

-11.4-33.3-44.3167.7

87.82,129.2

-28.5

14.15.5

23.3-36.9-52.8-15.7-56.0

-41.7

40.5

-43.5

-3.5-37.3-46.0-31.0

▼▲▲▲▲▼▼▼▼▲▼▼

▼▼

▼▼▼▲▲

▲▼▼▼▼▼▼▼

Debevoise & Plimpton▼

Clifford Chance

▼

▼

▼

▼

▼▼

▲▼▲

▼

3 of 26

Based on Number of Deals Based on Number of Deals

Rank ValueMkt.No. No.

52,590.2

483Rank Legal Advisor

1

▼

Rank

-24.0Latham & Watkins

1.1Legal Advisor ShareDeals

299Rank

Jones Day 1

11


0.82220

0.610,858.26 0.7

7

4*

51,657.4

0.7 88,738.9224,030.14*

3 0.70.7

DealsNo.Rank Value

US$m

1/1/2009 - 12/31/2009

US Target Completed (AG2)

1/1/2008 - 12/31/2008% Chg. In

Worldwide & Americas Rankings

% Chg. in1/1/2008 - 12/31/2008

Worldwide Completed (AG1)

1/1/2009 - 12/31/2009No. Mkt.

# of Deals38,704.2 1294 ▼

Deals RankUS$m

271262,964.5 6*327193,953.4

269

320 3 ▼-42.5292

▼8 -26.8

46

4*6* 1.4

▼-32.5

1.4

112 7211 14210 23,063.66* 1.4-20.4 ▼ 87

12

▼4* 127-42.8 ▼ Skadden -32.386 343,374.579 17*76

190,286.0 292 8117,379.6 8,914.99 1.30.6 210

13311 1.11.210

0.5 27176 21*

2,005.52,975.5

177,184.7 6* -50.9 526

282,523.8 21 174,109.813 1.0189,106.512 1.194

14*62

15 0.4 190 101265,617.0 13141,553.4

821*1.078 55*

57,599.015 1.05,456.3 76

79166,054.816-34.4 ▼ 5610033,560.5 9 6,869.2▼ 55O'Melveny & Myers-54.5 17 0.9231

0.9163 14

26 4,555.018* 0.90.989 46 5416.9 ▲ 54Shearman & Sterling LLP 190,629.518*

80

1019 0.4 127 94-22.0 ▼ 54

55.1

58▼ 52185,282.921 0.8174,544.420 0.9

88133 22* -26.3

0.792 42 3.321 ▼

▲4744

Sullivan & CromwellPaul Hastings Janofsky & Walker

162 -40.715 1282 1376 21*

2,121

22* 0.3 80226,128.5

77.1

53* 18.8 183,016.723*43Cleary Gottlieb Steen & Hamilton

226,535.9 21,966

* tie

1,472,797.31,699,333.2100.0

22.9 9,5466,09931,512 -12.0

Subtotal with Legal AdvisorIndustry Total▼

4,829670,261.0

-2.7 Subtotal without Legal Advisor-33.5 ▼ 34.8 3,225

3,978


712,922.8

65.2

100.0 8,054

42,661.8 -17.625 0.3 18,075.9 34,602.2258.2 41 0.785 47*

7,544.365

39*0.725

23*138 17

9

0.3

183,178.7

21,432.0

9,182.80.4 26,699.1

8

10

48

22*

20

240.7

2,252.022

0.3

1213 0.5

0.5

14 0.4

17

98

0.4105104

173,545.4

0.4

16 0.4

18

0.456,043.2

81,236.4

168167166140

0.6

0.5

39.4-5.2

6,759.3134

41

389,646.8 204 -31.4

-31.9

-21.0

-42.1

-10.4

-3.9-3.8

-39.8-19.0-40.555.154.5

-22.3-38.7

31

917* -29.1

-45.0

-10.3

33*

4.8-22.5

-24.3

-42.6

-46.3-43.4

-34.2

-19.7-40.6

-36.9▼▲▼

▼▼

▲▼

▼▲▼

▼▲▲

▲

22.03 142,022.7 205

-48.9

▼▼

▼▼

▼

▼▼

▲▼▼▼

▼▼▼▼

▼▼

* tie

▲▼▼▼-46.6

0.0

▼

Morgan Lewis & BockiusDavis Polk & Wardwell

ShareDeals

2▼▼

2.92.2

# of Deals177132

Jones DayDorsey & Whitney LLP2 -32.7

1 -38.1▼2,279.1 163 3

191,493.45 2.02,172.4

2077784 2.0

55,277.1Wilson Sonsini Goodrich & Rosati

122121119

Squire Sanders & Dempsey LLPHughes Hubbard & Reed

87

Latham & Watkins

736865626160

43

Kirkland & Ellis

Gibson Dunn & CrutcherWeil Gotshal & Manges

K&L GatesBryan Cave LLP

Dewey & LeBoeuf LLPCooley Godward Kronish LLP

Simpson Thacher & BartlettDLA Piper

Fenwick & West LLPDechert

206197197184

133131

110107

121127

9695

99

Herbert Smith/Gleiss Lutz/Stibbe

Nishimura & Asahi

Freshfields Bruckhaus DeringerLinklatersBaker & McKenzieDLA PiperCMSAllen & Overy

Clifford ChanceSquire Sanders & Dempsey LLPShearman & Sterling LLP

K&L Gates

Blake Cassels & GraydonKirkland & Ellis

Hughes Hubbard & ReedCleary Gottlieb Steen & Hamilton

Mori Hamada & Matsumoto

Dorsey & Whitney LLPSkadden

Wilson Sonsini Goodrich & Rosati

27,725

Subtotal without Legal AdvisorSubtotal with Legal AdvisorIndustry Total

21,3816,344

9492

95

White & Case LLP

Simpson Thacher & BartlettWeil Gotshal & Manges

4 of 26

M&A activity with US involvement during 2009 decreased by 29.6% to US$867.6billion compared to 2008, while M&A with Canadian involvement increased by29.4% to US$154.5 billion. US target bankruptcy transactions increased 703.9% over volume in 2008, toUS$76.8 billion. Notable tranactions were GM's US$42.9 billion Section 363asset sale and Delphi Corp's reorganization valued at US$10.9 billion. Government M&A investments in US targets accounted for 8.4% of total M&Avolume, as the US Treasury stepped in to bail out distressed companies.

The two largest transactions of the year, accounting for 15.3% of total US M&Avolume, were both in the healthcare/pharmaceuticals sector - Pfizer's US$64.4billion acquisition of Wyeth and Merck's US$45.7 billion acquisition of ScheringPlough.

Exxon Mobil's US$40.6 billion acquisition of XTO Energy was the largest dealannounced in the Energy and Power sector in 2009.

Americas Deals Intelligence

6/1/200912/14/200911/3/2009

WyethSchering-Plough CorpGeneral Motors-Cert AssetsXTO Energy Inc

SkaddenSimpson Thacher & BartlettDavis Polk & Wardwell

Cravath, Swaine & MooreShearman & Sterling LLPDewey & LeBoeuf LLP

Financials

14,400.0

Top US Announced M&A by Target Industry


Americas M&A

35,948.028,078.314,499.1


13,345.210,982.0

12/3/20096/11/20096/1/2009

Comcast CorpBarclays Global Investors LtdDelphi Corp

BlackRock IncCreditors

NBC Universal Inc


11 42.6

40,659.1

Top Ten US Announced DealsRank Date AcquirorTarget1/26/20093/9/2009

US M&A Declines 29% | Bankruptcy Deals Dominate US M&A | US Treasury Investments Account for 8% US M&A

64,479.7

760 6 1

28 43,510.1 3

Pfizer Inc

68.3

256.6

40.6

7 6

742 2 69.5

47.941.2

7/30/20095/4/2009

Burlington Northern Santa FeCitigroup IncLiberty Entertainment Inc

Rank Value (US$m)

45,704.4

Berkshire Hathaway IncPreferred Shareholders

Merck & Co IncVehicle Acq Holdings LLCExxon Mobil Corp

126,537.6123,402.4

185,356.8

42,979.5

1,121 21

78,927.5

46,809.654,427.9

Mkt. Share No. Deals

61.4

Rank Val US$m Rank

14 4

HealthcareWachtell Lipton Rosen & Katz

66.63

Skadden

3

2

12

113,540.7 Industrials113,784.1

107,265.3 160,678.4

45,721.8

DirecTV Group Inc

Bankruptcies as Percentage of US Target Volume

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Ran

k Va

lue

(US$

b)

0%

2%

4%

6%

8%

10%

12%

% o

f US

M&A

Non-Bankruptcies Bankruptcies Bankruptcies as % of US M&A

Government M&A Investments in US Targets

0.3% 0.4%

1.6%

0.3%0.8%

5.6%

8.4%

0.7%

4.2%

0.4%

1.1%

$0

$10

$20

$30

$40

$50

$60

$70

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Ran

k Va

lue

(US$

b)

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

% o

f US

Volu

me

Rank Value (US$b)

% of US Volume

5 of 26

* tie * tie

76,567.9

60,344.3Gibson Dunn & Crutcher▲▼▼▼

▲-▼▼

-35.3

5,074.0-

-41.2

-27.1-71.6140.5-41.7

▼▲▼▼

▲▲▲▲

▲▲▼▼

▲▲-

▲▲▼▲▼▲▲

29.1


11.6

2.3

-11.4

-28.31,602.5

39.6269.1

102,709.9

-33.455 291,286.9156,343.6 20.6

74.71991

Americas Rankings

-34.5

7421.5

Industry Total

47.4

Subtotal without Legal Advisor25

789,969.4

64,483.7

123,842.2

▲ 16

146,957.7

140,993.2Allens Arthur RobinsonBlake Cassels & Graydon 115,876.8

135,901.0

110,132.3

22 7.6 44Fried Frank Harris Shriver & Jacobson

506,677

7.0

5,086.2

-37.3

--35.4

9.077,694.9Freshfields Bruckhaus Deringer

208,098.8


Rank ValueUS$m

Mkt. No.Rank Val

8.0Salans

2

1/1/2009 - 12/31/2009

44.2Deals

105SkaddenRank

2

89,468.8

US$m285,974.1

100,153.3181,681.0

248,200.2

357,338.7

Any US Involvement Completed (AG34)

1/1/2008 - 12/31/2008% Chg. in Rank Value

1Share

196,448.4

255,186.6Cravath, Swaine & MooreSimpson Thacher & Bartlett

▼ Subtotal with Legal Advisor

▼

Clifford Chance▼

▲

▼

▼▼▲

119.6

25.0

▼

▼▲

42.7154.8-16.2

▼

Paul, Weiss

9.9

Davis Polk & Wardwell


Rank

-40.4

Dewey & LeBoeuf LLP

▲Legal Advisor

259,212.8

100.03,16091.1 -28.7

-29.6 -35.89,837 ▼ Industry Total1,232,385.1

45.9

25,926.3

31

4392,920.9

21

22

395*93,734.7

9.359,346.58.8

2021

Sullivan & Cromwell

Allen & Overy

Weil Gotshal & MangesLatham & WatkinsDebevoise & Plimpton


Fried Frank Harris Shriver & JacobsonLinklaters

Cleary Gottlieb Steen & Hamilton

2,129.215

78 177,291.6

2312.9 44

47103

88,864.110.8

72

171011

112,019.815

1314

22.223.3

8179,436.1

Blake Cassels & Graydon110,132.3111,932.0

93,536.8

Clifford ChanceCadwalader, Wickersham & Taft

Legal AdvisorSkaddenSimpson Thacher & Bartlett

Paul, Weiss


Latham & Watkins

Allens Arthur Robinson122,779.2

116,116.3

132,163.9Sullivan & Cromwell

Cleary Gottlieb Steen & Hamilton 116,719.1

213,474.1

174,977.7179,522.2180,514.1 5

6

186,410.8

155,100.4

4

78169,402.19


US$m314,927.7231,750.8


Wachtell Lipton Rosen & KatzDewey & LeBoeuf LLP

Davis Polk & WardwellCravath, Swaine & MooreWeil Gotshal & Manges

24.6229,418.521.5

20.8

Mkt.Share

36.326.7

198,319.447

47

797695 221,059.3

19.520.2

17.9 63 22.0

4164,951.7

7170,059.569 10137,849.3

246,711.8

1,247.1

18

8

4020

6,468.9124,114.7

79,182.7

100,982.7

105,443.312.9

10.943

8.09.39.5

5

19

38

33

226

233

89,030.5

64,677.0Cassels Brock & Blackwell LLPMayer Brown LLP

Allen & OveryOsler Hoskin & Harcourt LLP

81,481.580,488.076,134.966,318.2

15.214.2

18.117.5

18.251146,186.3

60,526.4

13.5

141,934.2263,117.513.4

Subtotal with Legal Advisor

25.8 79

32.131.6

4243

Salans

867,664.3

7.52423

12.7

18

16

10.219 9.4

17

123

392

199,809.7171,452.4 10

7

281,576.2

1,108,542.9

29,215.7

92,620.7 20.8

-30.1

11170

53

-38.6

133,842.37

-31.9-55.9-21.1

4,940.4

3

-14.6▲

818 54.8

▼

109,956.2113,067.5

20.7

Rank

2 229,179.91001251

Deals US$m

Any US Involvement Announced (AE33)

No. % Chg. in Rank Value1/1/2008 - 12/31/2008Rank Value

1/1/2009 - 12/31/2009

69

88,374.1

61,931.7

Subtotal without Legal Advisor

9

29 28.3▲

▼-12.3210.4

14.3

11.0

24.3

6059

13.640

16.8

24.067

4

15

1534138

36,824.0

1.182.6

15

9

▲

▼

352.4 174,032.611

19

17

12

-18.363.3

18

177,956.4-44.9

188,503.4

-49.9

67

1413

10

4619

345

▲

193,962.8

-18.7▼

Rank Val

17

Rank310,627.7 ▲

▲15

116,907.0

1.4

0.08

Cassels Brock & Blackwell LLP

494920

1,247.145,445.9

Osler Hoskin & Harcourt LLP168

75,370.5 20

2264,483.72164,524.5

3

7399

84,938.13023 7.7

▼

1,166,254.94,9746.6

Wilson Sonsini Goodrich & Rosati53,457.9 91,658.3

808,048.2 7,800100.0

6.956,043.2

93.4

25

754,590.3 2,826


24 7.5

415*24

1,257,913.2

11

5

198

5823,298.3212,709.3

0.0

162512

105

116,964.4128,165.3

6 of 26

* tie * tie

115,872.5

Blake Cassels & Graydon

77,916.4

90,930.7

Osler Hoskin & Harcourt LLPClifford Chance 88,297.0

Debevoise & PlimptonLatham & Watkins

Paul, Weiss


102,037.6

▼▼▼

153,523.913 Allens Arthur Robinson 133,745.2


Dewey & LeBoeuf LLPWeil Gotshal & Manges

66,258.8

Osler Hoskin & Harcourt LLP

▼▲-▼

▲-

▼

57,599.0Wilson Sonsini Goodrich & Rosati

166,054.8144,296.2

Paul, WeissBlake Cassels & Graydon 114,258.0

84,571.6Fried Frank Harris Shriver & Jacobson

133,074.7

Allen & Overy

142,022.7

110,132.3

-41.6

-22.9

5,246851,190.8

▲▲▼▼

▼▲▲▲

▲▲▲▼

▲▼▼▲

▼▼

▼▲

▼

▲▲▼▲

▼▲▼

Simpson Thacher & BartlettSullivan & Cromwell


▼

37▼

▲▼▲

Shearman & Sterling LLP 43

Wachtell Lipton Rosen & KatzCravath, Swaine & Moore

50.9166.9

▲▲▲

38.3

85.645.9

-41.5

196.5-19.3-32.342.7

37.921.7

1,602.58.3

15.3-11.0-39.8

1,322.8

--21.4

-22.35,178.755.2

-0.4

▲ 2164,511.2Cassels Brock & Blackwell LLP

71,048.5

0.1-5.282.2

-16.9

Rank ValueNo.

548.1-40.9

2,129.2

-27.7

-31.2-58.9

Davis Polk & WardwellSimpson Thacher & Bartlett

28.5

Skadden 41.41208,952.0 29.02298,257.1

US$m Share

1/1/2008 - 12/31/2008

Americas Rankings

Rank Val

Sullivan & Cromwell

Legal AdvisorRank Value

105,603.0


110,132.3


Dewey & LeBoeuf LLP


Cravath, Swaine & MooreShearman & Sterling LLP

103,999.5


130,008.1Debevoise & Plimpton

Latham & Watkins

22.421.5

678 20.8

146,189.3149,737.8

20.39

155,090.4

166,347.7175,067.5

161,240.2187,624.744227,461.3

6340

52.6-43.655 265,657.8

64

-11.3-29.149.0

253,085.2

20,058.5195,972.2

4,940.4

46

144

53

2,339

1613

134

3

27

22

74,488.0Mayer Brown LLP

64,511.2


Cassels Brock & Blackwell LLP

Allen & Overy75,776.9

21

8.5

9.09.2

23

7.48.2

2524

1920

8

162

7

1095,771.5

104,072.3

37

10.3

Willkie Farr & Gallagher

64,479.722

66,032.9

SalansGibson Dunn & Crutcher

53,277.059,253.4

11

7

103988

Rank

7


-4.0

1011

13

185,282.95

9

6183,016.7174,544.4 8174,109.8

189,106.5

1514

1716

11.5

20

6.07.8

8.48.124

9.122

25

94.0


Salans 64,479.7

6,099100.02,121

87

16

712,922.8

60

924,185.5Industry Total 720,131.6Subtotal with Legal Advisor 659,068.0Subtotal without Legal Advisor 61,063.5

▲

35.6Clifford Chance261.1Linklaters

▲▲

--6.134.4

21

18

76,611.5306*9.0

1819 9.9

9.3

43


60,184.2

70,734.481,759.9

27

19-28.022.6

▼

44

72,031.0

141,159.7

19126,284.8

63,076.033

1

29

0.0

39,627.962

112,732.3220,411.7

4

513

210,704.8 624.3

Deals

5

205,404.6 383

7658

23.1

Rank101

1/1/2008 - 12/31/2008

US$m297,901.9 1

11.9

3116.015.5

134

2923.3

18.718

47

52

54

26.025.7

26.7

4324.5

35.3

6526.5

No.

251,310.0190,629.5

US Target Completed (AG2)

DealsSkadden

Mkt.Legal Advisor


% Chg. in Mkt.

2US$m

Rank ValueShareRank

1/1/2009 - 12/31/2009

Rank ValRank Value % Chg. in

RankUS$m

1/1/2009 - 12/31/2009

US Target Announced (AE2)

248,245.0256,158.4

135.92

343,374.5169,797.039

235,892.8162,145.9

9,400.3

48.2

12219.920.2

5624.4 62

1

75

63

7

8

119,330.2143,960.2

101494,023.4

594,165.2

4

1364,297.5 21

234,339.6

923,792.9

273,489.1128,284.6

818.812

670,261.0

86

97,402.7-20.291.5 826,390.2

7,585100.0

-37.3

17

14.4

12.310.8

14

1614.212.6

15

14.7

1810.5

2836

9.0133

12

2016

19

17

90

322*

15

150

98,538.0

9

0.03

1413

Subtotal with Legal Advisor42,661.8Subtotal without Legal Advisor

Industry Total

10

15.312

18.111 16.1

93,871.16,468.9

85,233.41,222.1

78,080.2 1885,154.8

21,187.772,994.7

46

▼-21.3

▲11

160.9▼

▼▼

55,277.13,978

96,516.4

-22.0

74,944.955,872.021,575.7

42,546.25,178.7

-0.6

1,222.1 123

7 of 26

Based on Value Based on Number of Deals

* tie * tie

Osler Hoskin & Harcourt LLP 60,666.3

Linklaters 71,883.8

1/1/2009 - 12/31/2009

Rank ShareNo.Rank Value

Deals

3735

54

45

Kirkland & Ellis

4441

46

46

Sullivan & Cromwell

Wachtell Lipton Rosen & Katz40

54

K&L Gates

Cooley Godward Kronish LLPGibson Dunn & CrutcherBryan Cave LLPDorsey & Whitney LLP

46



54


57Hughes Hubbard & ReedBaker & McKenzie

81

5

DLA Piper

44

Jones DaySkaddenWilson Sonsini Goodrich & Rosati

10187

Latham & Watkins

59

▼


736,342.6 -23.7100.0 5,380

-21.331

697,005.9

▼▼

35,040.1

▼-36.32,377-13.739,336.8 3,003-12.540

▼▼

63.136*

▼▼▼▼

-35.5

▼▼▲▼

▼▼▼▼

▼

▼▼▼▼▼

▲▲▲▼

▲▼▲▲

▼

▼

-44.8-49.7-29.6-14.3

115 34 1.6

▲▲

(Published in Collaboration with Westlaw Business)

No.Deals US$m

0.0-34.3

-5.3-43.8-34.9-20.6

-16.3-22.6

-24.9257,818.8

- 27*

▼

21* 1.023

-37.5-4.3

-39.6-49.418* 1.1▼

-6.1-38.7

-39.7

188.0-28.627.177.7

43.1

-72.8

-33.1-

18.51,608.2

-24.716.1

159.1-16.7

319.7

-10.7-13.8-14.5-53.1

-14.5-30.5

5.7161,112.6135,865.8

1/1/2008 - 12/31/2008Rank Value

3

US$m

44

54

Share

▼▼▼66 77 955,526.6

173 2

1/1/2009 - 12/31/2009

Deals

80,752.2 23

96,945.7

7232,244.6 4

11

20

3

Legal Advisor

(Published in collaboration with Westlaw Business)

Mkt.

41

Any US Public Involvement Completed

US$m

Shearman & Sterling LLP 193,751.9 526.926.3

434.335.2

46 139,057.1 91854 99,196.2

21

9

Skadden 354,281.6

Dewey & LeBoeuf LLP 175,895.9Davis Polk & Wardwell 176,251.2 8

Simpson Thacher & Bartlett 198,063.3

Wachtell Lipton Rosen & Katz 259,212.8Cravath, Swaine & Moore 252,484.8

66,578.3-31.9-40.9

▼▼▼

36.9Industry Total 4,107Subtotal with Legal Advisor

17

23.9Cleary Gottlieb Steen & Hamilton 176,711.9 7 24.0

37

50 67,277.8237,876.2

97,438.2

No.Rank ValueMkt.

1183Rank Val

48.1 81 145,194.92.51Rank

31.32.1 34,551.12

354,281.63

1.4 1,210.6

2.019

26

% Chg. In# of Deals

2263,841.9

25.0 344*

269,817.7181,087.5 6

1

22

1731 122,567.6

10

1/1/2008 - 12/31/2008

Rank

Americas Rankings

Legal Advisor% Chg. in

Any US Public Involvement Completed

50

Rank

69

▲

12Sullivan & Cromwell 188,486.0 6 25.6 6 1.4 54,284.4 82 8

9618575

7* 1.3 176,251.21.3 3,127.77*

723.9 7*10 ▲ 1.3 175,895.9 8329.5 Dewey & LeBoeuf LLP7*▲ 54Squire Sanders & Dempsey LLP 1.3 2,638.9 68 13

▼ Shearman & Sterling LLP 11* 1.250 193,751.9 56 19Debevoise & Plimpton 143,795.0 12 19.5 27 150,214.3 8 11* 1.2▼ 50Simpson Thacher & Bartlett 198,063.3 58 17Paul, Weiss 140,019.8 13 19.0 1344.4 ▲ 1.1 170,263.247Weil Gotshal & Manges 55 20Allens Arthur Robinson 131,056.9 14 17.8 31,227.6 39 14* 1.1 176,711.9 98 4Blake Cassels & Graydon 109,953.0 15 14.9 22 92,755.3 22 14* 1.1 6,275.2 49 27*Cadwalader, Wickersham & Taft 107,632.3 16 14.6 3 6,300.9 101 14* 1.1 10Clifford Chance 88,465.0 17 12.0 26 117,457.0 14 3,471.8 45

56,846.6 75

18* 1.117 1.1

1,939.2 6732

Fried Frank Harris Shriver & Jacobson 86,351.9 18 11.7 15 74,374.7 24 44 14Allen & Overy 74,070.7 19 10.1 11

▲

6Salans 64,483.7 21 8.8 2 0.0 380*

18*20 9.8

22 8.8

27 107,465.9▼ O'Melveny & Myers

2

73

8,821.1 491.0 53259,212.8

1.1

1523 1.0 18,783.0 62Cassels Brock & Blackwell LLP 64,479.7

209,367.1 5Gibson Dunn & Crutcher 56,846.6 24 7.723 8.2

25 7.5▼

21*▲

4666 152.2 ▲

Cravath, Swaine & Moore22,015.9 56

24

Subtotal without Legal Advisor 39,336.8 5.3 2,593Wilson Sonsini Goodrich & Rosati 55,526.6

94.74,107

1,022,787.51,514Industry Total 736,342.6

Subtotal without Legal AdvisorSubtotal with Legal Advisor 697,005.9

-32.4100.0 1,089,365.9

0.9 252,484.8 470.925

1,5142,593

Dechert

101Weil Gotshal & Manges 170,263.2 10Latham & Watkins 145,194.9 11 19.7

23.1 47

41

188,486.0 878,760.8

8 of 26

* tie * tie

7,703.56,819.2

16,549.515,811.710,663.310,288.5

23,312.923,160.5

5,220.0

10,244.39,637.39,339.98,943.4

17,898.6

27,395.824,763.024,099.424,073.3

Felesky Flynn LLPGoodmansMacleod Dixon

Dorsey & Whitney LLP

Fasken Martineau DuMoulin LLPFreehillsBurnet Duckworth & Palmer

Baker & McKenzieAllen & OveryFreshfields Bruckhaus Deringer

Bennett Jones 28,915.9

Dewey & LeBoeuf LLPBlake Cassels & Graydon

Torys

6,728.56,716.76,494.1

9,024.58,366.78,143.86,851.7

Freshfields Bruckhaus Deringer

29,031.227,444.923,330.423,312.921,251.621,111.919,152.3

10,656.710,054.1

Latham & WatkinsSullivan & CromwellK&L GatesPerkins Coie

51,888.532,173.330,559.329,611.8

Stikeman Elliott18,711.814,458.1

99.1Blake Cassels & GraydonPaul, Weiss

Shearman & Sterling LLPDewey & LeBoeuf LLPHogan & HartsonOsler Hoskin & Harcourt LLP

▲Mallesons Stephen JaquesFraser Milner CasgrainVinson & Elkins LLP

13,766.1Allens Arthur Robinson

▼

▼▲▼▲▼▲▲

▼

Vinson & Elkins LLPAllens Arthur Robinson

▼

284.2-45.0

Fraser Milner Casgrain9,809.29,262.8 18

▼

▼▲▲▼▼▼

▲▲▲▲

▼▲▲

▲▼▲▼▲▲▲

▲

796.8

184.3

▲

132.5

849.5-20.6

6,711.4

-20.1

0.5355.0

2,290.2-58.5

4,463.0-64.5-35.3-18.6

-57.6

932.4

-72.5

501.1

104.0-49.8124.6367.7

-21.7-66.1

-6.288.830.7

681.1

29.4

384.174.2

404.2-

100.9-23.241.3

10,723.5

2

Rank ValueRank

McCarthy TetraultTorys

▲▲

Rank Value

13 62111.2

29,749.61,584.82,582.6

7

15.615.6

79 2,878.8

27,971.913

196.57.0

7.67.2

82,987.0

49 1,249.2

▲▲

41*1

1,226.6


10.711.6

▼

10.2

6.7 12,964.61,123.1

236.9

▼

9

9

Shearman & Sterling LLPGoodmansMacleod Dixon

51 ▲

1,371.0

▲▲

23

Burnet Duckworth & Palmer

FreehillsMayer Brown LLP

2817,169.1

-36.0

449.2

Stikeman ElliottFasken Martineau DuMoulin LLP

7

9

840.8 ▲▲▼-19.1

706.8Hogan & HartsonFelesky Flynn LLP


7.8

10.7

14.814.511.2

8.3

23.7

McCarthy Tetrault

▲

No.

287940.2

24.9

Mkt.Share

50 2,257.2 6▲

US$m

Bennett JonesPaul, Weiss

Rank Val280.1126.3

Legal Advisor

132.8 ▲▲

31,561.73

1375

Deals

522.9422.5

3433.9 13,769.0

17,639.6

RankUS$mShare877

Deals

10

17

13

1112

14

1615

119,462.0Subtotal with Legal Advisor9,653.3Subtotal without Legal Advisor

▲▲▲

▲

-▲

161,614.52,120129,115.3 100.0Industry Total

21

607 97,403.0

16

105

1017.718.7

27

45134*

150.4

24

591

18

16

5

2

17

11

1415

10

7 16.0

25.8

Any Canadian Involvement Announced (AE34)

9223.3

3

21.5

8

11

12

Rank Value

9

6

35,924.8

19,203.2

33,190.4

1

43

Legal Advisor US$m% Chg. in

1/1/2009 - 12/31/2009

20

Industry Total 154,475.0

Subtotal without Legal AdvisorSubtotal with Legal Advisor 137,610.7

16,864.2

Skadden

6,494.1

22

3.42425

89.1

0.09233 60.0

4.4

2,598.24.2

6.22

116.1

5,133.05.81,929.4

1,527.9810

19 4,144.4

100.0 3,443

392,83610.9 21,949.5

119,352.5

5.0

6.6

1/1/2009 - 12/31/2009

15.1 1

12.415.0

8

Rank52,331.339,918.4

39

87

96*

24

19

9

2

10,169.21,162.2

26

5

14,257.9 7418,046.2

2,632.0

10

1

3,087.039,512.8

25

4

1/1/2008 - 12/31/2008

443

US$mRank Value

13,703.2Rank

278.7-18.6889.9

Rank Val


Americas Rankings

Mkt. No. % Chg. in 1/1/2008 - 12/31/2008

2,987.021,000.415,375.3

4,639.621,152.9

9

7

Any Canadian Involvement Completed (AG35)

2

40

5

64

22

9

10

4945

9

62

18.121.3

66

194

16.4

4

16.5

23

7

1

1619,389.5

19,521.64,929.1

45,071.4

2,258.1

57

18.1 1

52,492.4

801.3

219,739.1

1,929.4

1

4,124.6

3,582.8

146,684.414,930.1

147.21,119.3

18,301.4

10,402.020,212.6

14

1792

1360

5.2

43

39

42

31

51

157

75.2

525

25.0257.5 1,595

92.5

22

5835.3

6.32021

2423

9 of 26

Qatar / Germany64.5

Top Ten European Involvement Announced Deals (US$m)European Involvement Announced by Target Industry (US$m)

Linklaters

58,000.041,878.719,255.4

AcquirorFinancials


Acquiror / Target Nation

Linklaters

Dr Ing hcF Porsche AG (50.1%)Essent NV (100%)Nuon NV (49%)Volkswagen AG (17%)64,913.2

27 23

2/23/2009

30,078.5

2/20/2009Slaughter & May

29 1,398 132,566.3

32,765.2

18 United States / United Kingdom

United States / United StatesItaly / Spain

2 Volkswagen AG

Enel SpAEndesa SA (25.01%)

1 24.7

Target (% Sought/Acquired)BHP Billiton-WA Iron Ore AstsRio Tinto PLC-WA Iron Ore Asts

RBS

Rank Value

Vattenfall AB

HM TreasuryKraft Foods Inc

13,470.013,345.213,138.4

Australia / AustraliaUnited Kingdom / United Kingdom

BlackRock Inc

18

62,820.2

8/14/20092

Qatar Investment Authority 9,569.5Allens Arthur Robinson 11 62.963,347.0

15

European M&A Declines 45% - Lowest Volume since 2003 | Freshfields Bruckhaus Deringer Finishes First


Europe M&A


European Deals Intelligence

6/5/2009Rank Date

Barclays Global Investors Ltd (100%)6/11/2009

9/7/2009 Cadbury PLC (100%)

10,796.4

RBS

Germany / NetherlandsSweden / Netherlands

RWE AG 11,488.6

HM TreasuryGermany / Germany 12,696.0United Kingdom / United Kingdom

2/26/2009

Energy and PowerFreshfields Bruckhaus Deringer

108,434.6 44

72,047.0 97,620.1 2

47.342.6 40

22.522.7

100,711.0 Linklaters

Materials1/12/20098/13/20092/26/2009

Clifford Chance29,763.5 3

Rank Value229,426.5

1


2,012 Rank No. Deals

1,332

3 31.4

1

European M&A in 2009 totaled US$823.2 billion, a 45% decline from thesame period last year and the lowest level since 2003.

The Financials sector was the top European sector in 2009 with US$229.4billion in deal activity. The sector accounted for just under a third ofEuropean deal activity and was largely due to the government bailouts ofbanks and insurance firms, which made up 47% of the Financial sector'sactivity and 31.4% of regional volume.

Rio Tinto's US$58 billion joint venture with BHP Billiton was the largestEuropean deal announced in 2009. Linklaters, Allens Arthur Robinson andFreshfields Bruckhaus Deringer advised Rio Tinto while Blake Dawson,Freehills, Slaughter & May and Mallesons Stephen Jaques advised BHPBilliton.

Mkt. Share

3 62.4

European Government M&A Investments

3.5%

8.8%

11.6%

4.5%3.5%

11.0%

16.3%

7.1%

21.1%

31.4%

$0

$25

$50

$75

$100

$125

$150

$175

$200

$225

$250

$275

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Ran

k Va

lue

(US$

b)

0%

5%

10%

15%

20%

25%

30%

35%

% o

f Eur

opea

n M

&A

Q4 Volume (US$b)

Q3 Volume (US$b)

Q2 Volume (US$b)

Q1 Volume (US$b)

% of YTD European M&A

10 of 26

Latham & WatkinsBlake Cassels & GraydonCleary Gottlieb Steen & Hamilton

Uria MenendezEdward Nathan Sonnenbergs Inc


105,876.594,189.492,167.078,372.7

Simpson Thacher & BartlettSkadden


Allen & OveryShearman & Sterling LLPSullivan & Cromwell

5.5

Any European Involvement Completed (AG40)

▼1,249.8

173.2


Slaughter & May

▼-82.027 ▲2

4

Mkt.Rank Value Rank ValueUS$m

220,287.9RankRank Rank Val Legal Advisor

Any European Involvement Announced (AE39)

% Chg. in

Clifford ChanceFreehillsMallesons Stephen Jaques


Share

5 15.6Clifford Chance 5Allen & Overy

78 11

25634

13

8.7

6.4 1312

109

1112

10

58,800.973,551.9

A&L GoodbodyHengeler Mueller

Uria MenendezCuatrecasas Goncalves Pereira

Wilson Sonsini Goodrich & RosatiBlake Cassels & Graydon

58,098.9

47,611.4

2,880

31,973.4

64,107.9

4.7

9,182Subtotal without Legal Advisor


Subtotal with Legal Advisor17.0

* tie

23

2024

Lovells LLP

▼28,743.7

2325,795.4

5918.9

60

3,353

Cuatrecasas Goncalves Pereira 31,007.5

Subtotal with Legal Advisor 683,481.4 83.0

31Dewey & LeBoeuf LLPOsler Hoskin & Harcourt LLP

30,675.528,990.4

823,171.3

37,428.434,731.334,215.131,817.2

16


2021

Industry Total

22

139,689.9

14

18

25 3.5

17

24

4.8

19

5.2

100.0 15,051

* tie

681,450.11,496,776.4 ▼ Industry Total 12,062 -56.5

29,880.21638,581.4

5.933

107,342.439

24

1,388,759.340,199.7

16

22

44

21,046.4

54

40,411.6

104

29

102

66

117,577.79,184.3

37,014.3

434.64.6

3.7

4.23.93.8

4.2

15

-77.5

231,854.0

114,158.0

203,190.1131,384.8

60,570.8

5.5

137

4.23.9

-48.8

▼▼▲

6.6 4328

22

5.919

4.95.1

2021

1510

1

25694,909.3

87,483.788,629.5

98

6

13.013.7

110

7212.8

42 227,319.3148,618.283

13.993,313.8

11

SkaddenLatham & Watkins

Herbert Smith/Gleiss Lutz/Stibbe80,278.3Cravath, Swaine & Moore


77,356.6

7

41,330.444,932.5

548.5

1817

7.5

6.1

7.027 19

4651,032.2 15

16

14

120,432.111.4

19

10

KPMG

▲Simpson Thacher & Bartlett

CMSGide Loyrette Nouel▼

▼▼

Shearman & Sterling LLP▼

▼-69.8

126 -82.9

-74.064

1,264,922.4

4475.516,522.5

-72.1

-46.011,698

83,566.5

124,132.6

15

5028

168,018.9

98

33

23

201144

199

223

94

45,245.9792.2

33

46,384.1

32,973.4160,243.6 8

4028

-67.4

-0.35,252.8

15.5

37.7

4939

3192

-76.438.3

-52.5

139,712.4-59.6

11 18.9

834

22,477.6

▼▲

167,748.9

106,024.1

Sullivan & Cromwell▲119,121.4

▼▼

444,143.8Linklaters247,733.0 5 7.4

1Freshfields Bruckhaus Deringer

360,690.4▲ 4317,517.5 -30.6

329,715.0 3-62.2-59.0

4

24.63 19.82

38135,031.3

1661165

32.3

4410.8

13

-22.5

12141,132.68634

18

135,388.9

17.5

-45.2

335,859.0139

11.8 59,000.116

286,882.8

127,092.357

-67.4

100.0

23

9.490.6

25

RankRank Value

1/1/2008 - 12/31/2008Rank Value

1/1/2008 - 12/31/2008 1/1/2009 - 12/31/2009No. % Chg. in

Deals Rank ValUS$m Rank

75,878.8

418.4

96.4

33.840,299.939,980.8

33,255.0

26,715.6

34,984.2

617,342.2

311,971.9

8.6

▲11.4

6.96.8

11.229

9.09.5

8,398.8

47

26.9

12.9 122

175

6.5

20.2 66

52

165

41

261,937.4

▲

248.75,811.5 ▲

1,021.5

▲

40,826.8302,124.3

33,737.1

▼

▼

▲

▲▼

369.6

57.0-56.6

11.2

-55.5-63.6

-64.515.4

-64.5

-38.9

-63.0-58.2-37.2-30.3-35.436.1

▼▼▼▼▼▼▼▲▼▼▼▲▼▲▲▲▲▲▼

-45.0-39.8

▼▼▲

-79.1

6225

158,745.440 989,987.324,907.4

44 -33.5


176,055.71,564,815.0

▼▼▼▼

US$m

56,148.053,562.9

Blake Dawson

52,315.1Hengeler Mueller

73,882.071,283.256,476.7

39,716.837,797.2

Herbert Smith/Gleiss Lutz/StibbeCMS 45,413.9

45,100.542,404.6

2

Mkt. No.

Europe Rankings

▼32.31

-38.6187

US$m

3LinklatersSlaughter & May

221,400.6166,053.9

1/1/2009 - 12/31/2009

Freshfields Bruckhaus DeringerLegal Advisor

266,092.0DealsShare

11 of 26

▼

▲

-29.4

▲

7

4,043.2

15

222.1

119

20117

7,851.4

100.0

20,379.7

294,825.7Industry Total

Subtotal with Legal Advisor 177,510.013,189.5

Paul, Weiss


Pinheiro Neto AdvogadosMatheson Ormsby Prentice

232221

Rank

2

15,940.9Wachtell Lipton Rosen & Katz

RankRank Value

1/1/2008 - 12/31/2008

13,359.0

18,824.5

6

Share

Any UK Involvement Announced (AE40)

5Mallesons Stephen Jaques79,820.7

Sullivan & Cromwell

71,911.972,064.3

Blake Dawson

Squire Sanders & Dempsey LLP 22,319.020,721.8

22,460.024,511.9

69,682.6

Freehills3Freshfields Bruckhaus Deringer4

Linklaters

US$m160,557.8

No.1/1/2009 - 12/31/2009

Mkt.

21

Rank Value


Rank Value

163.0

Slaughter & MayLegal Advisor US$m

56Deals

5131

357,210.4

▲

-64.0

67.9211.5

1,564.2

363.3126.6

▲▲

80,484.57,748.6

155

32

327.06

33.6153,245.0

11128,000.7

120,175.5 354.558

▼-23.2

Europe Rankings

136,251.3 252.0

54,932.4169

1432

9

6

215

64131

26

32,143.6

1218

36,111.572

29,610.0

4,043.215

1,201.8

29,487.30.0

3719

265*

11

21319,899.3

18

4831

1,018.2

-22.6

8

-30.23,737.4 264.6

8,637.2

1518

10Skadden

19,861.8

35

-74.3

9.9

▲

1/1/2009 - 12/31/2009

▲▲


Slaughter & May

Legal Advisor US$m

5

30,600.4

4Linklaters

A&L Goodbody

631,756.7143.7



Sullivan & CromwellClifford Chance

▲7.1

72,907.0

▲

% Chg. in

36.870,182.6

19.776,043.8

3

ShareRank Val39.9

13,961.1

Arnold & Porter18,731.7

15,770.3


Herbert Smith/Gleiss Lutz/StibbeMatheson Ormsby Prentice

Wachtell Lipton Rosen & KatzSkadden


13,625.2

33,013.6Subtotal without Legal Advisor

19,766.9

14,945.2



14,042.9

Willkie Farr & Gallagher

Pinheiro Neto Advogados


19,405.4

Subtotal with Legal Advisor 261,812.1▼1,765 -57.7

-60.22,627


100.0 ▼

7.0

7.34

4

6

7.0

8.1

7.1

8.4

18 7.8

16

1920

17

-66.6 ▼

43

-65.2-77.8

▼▲▼▼

16

4

45,661.2

862

15

6

36,856.9

84

55.8

10

Subtotal without Legal Advisor▼

▼ 5.28,042.7

24

6.993.1

* tie

479,134.0190,699.5▼ Industry Total

14.313 14,599.3

792.2

27

5.4 15

4.8

8

16.7

▲5,220.6

-46.9 ▼

98.57

▲

▲188

41,733.210 21.9

Dewey & LeBoeuf LLP

50,443.4 8

10Shearman & Sterling LLP9

Clifford ChanceEdward Nathan Sonnenbergs Inc 42,149.6

11

4,271.6127,166.1

▲46

2042

6

29,576.3

94,908.218,419.4

111451

16,022.9

17,789.5

12 7.67.0

6.0

14

* tie

42,652.43,315

31,146.0

15 6.7

105

13

6.66.4

23

18

22 5.121

4

88.8 968

246

44.6

2,347

17.1

6.9

5.8

412

7.68.3

614

2

Allens Arthur Robinson 7

620

31617

16,945.2 319

24.4

46.227.1

23.624.4

25

417,522.9

52

5.7Cleary Gottlieb Steen & HamiltonAllens Arthur Robinson

1,007.51,268.0-66.7

10,834.34.7 41,874.7

374,870.6

13,550.6

9,872.1

13,361.9

Simpson Thacher & Bartlett

-14.424,850.3 William Fry

18,428.559.9

4

5.4 20,856.9

▼11.2

-60.4▼

Blake Dawson

20,870.5

116,628.1

72,313.5

15,353.4

13,917.2

4.225447,988.0

16,055.0

24,049.744,559.331,111.4

59.914,945.2

9.8

1,768.6

278.3

3

Any UK Involvement Completed (AG41)

-0.922.925,658.2


12.1Lovells LLP

9

16.178

-64.2

1/1/2008 - 12/31/2008

Rank2 -42.7132,617.2

Rank Val% Chg. in

▼US$m

10.4

6,725.4Blake Cassels & Graydon 17,789.5

▲ 121110

▼

23,155.913.58

16,206.3 8.5158.914

1318,589.2

▼▲

Willkie Farr & Gallagher▲ 16,945.2Fried Frank Harris Shriver & Jacobson

-4.4

23,840.9

-56.7

24,850.3-30.1-54.0

-

▲37.9

Rank Value No.

1Rank

Mkt.Deals

49Allen & Overy▼73,426.4 442 117,785.2 4 -37.738.5

▼

47 148,563.2 -51.3

27 17

1

5-67.5

-46.946

33,338.0

35132,053.1

30,884.797,612.66

4

49.3

▼▼

▲▼▼▼

▼▼

-30.5-32.9

▼

359.8-44.7

1,310.0186.3

▲▼

-47.9

▲

-▲▼

▲

▼▲

12 of 26

▼

Legal Advisor% Chg. in

Freshfields Bruckhaus Deringer 23,728.6

1/1/2009 - 12/31/2009

Legal Advisor Deals5

15,974.3

US$m

Lovells LLP 15,452.2

Darrois Villey Maillot BrochierLinklaters


4,316.9

18,250.2Subtotal with Legal Advisor 111,434.6Souza Cescon

Debevoise & PlimptonSullivan & Cromwell


20217,243.2

85.9

A&L Goodbody

7,601.8

4,530.0

Norton Rose

Cleary Gottlieb Steen & Hamilton 6,248.64,857.7

Allen & Overy



1617

1918

14,192.7

19,027.6 420,685.7

5

7

169*29

3183

63

18

19

8,634.58,903.9

7,301.4

8,067.5

11.4

8

6

15,912.814,755.914,722.7

910

17,583.417,259.1 13.3

13.613.6

3482,450.1

18,094.3-

10

US$m

Darrois Villey Maillot Brochier


Clifford ChanceVeil Jourde

Clayton Utz

Gide Loyrette Nouel

17,666.4

23,944.0

CMS

Blake Cassels & GraydonFreehills

Uria Menendez

Bredin PratSimpson Thacher & Bartlett


Linklaters

11,037.7

1114,140.6 12

1314

10,236.8 1510,258.4

Gide Loyrette Nouel4.5

Rank Val34,073.6

107,233.3

US$m▲▼

ShareRank12

RankDeals

Any French Involvement Completed (AG42)

% Chg. in US$m

Rank Value1/1/2008 - 12/31/2008

13,484.1

Mkt.1/1/2009 - 12/31/2009

No.


2223

3.52425

3.8

14.1

4.8

3.3

5.9

100.01,135

23

95.6 17

11

6.7 8

5.6

19

4

39

6.9

5

343

Any French Involvement Announced (AE41)

610.9


Rank Value

33.8

16

5

15

18.5

10.9

Mkt. No.

723

14.7Freshfields Bruckhaus Deringer

41.1

Rank Value Rank Value

31.1-

Rank

▲443,022.0

12

511

11

13.61213

14.7

4,959.1 38*

307,353.497553.1

9154*1

10.512.1

424

-

7,148.4

169*

12535

78,923.4

259,729.9

-39.40.6

-▲

▼

▼

▲

-80.4

-74.4

479.5

-82.0

2

54*63

--

-49.0

307.4-82.2

-159*

22159* -

▲-0.0

1,980.3

0.01,490.1

9,173.352,249.7

49,022.2

690.4

1,026.9 6815,161.8

4,254.8 37

499.4711.7 75

13

8376

8

16,737.216,931.9 9

15.9

17.416.1

15.2

CMS

A&L Goodbody

SkaddenWachtell Lipton Rosen & Katz

18,140.5

Simpson Thacher & Bartlett6

137 24,939.7

▼▼▲

▼▲

202,037.9

* tie

▼-35.8

47

1,737

602

5

-183,897.4

2,470.4

6.2

83.4

14,317.2

24,424.940,233.4

42,676.9

19.4

14

87

34

11.4

7.9

5

8.5

7.9

6

18

12.3

2

197

3 16.018.3

7

18

1Rank

1/1/2008 - 12/31/2008

-Share Rank Val

2108,026.0

Europe Rankings

621.0 -78.5

-

▼

18,763.5Cleary Gottlieb Steen & Hamilton


18,308.7

▲▲ Veil Jourde

Bredin Prat

▲

▲Sullivan & Cromwell 19,800.4

▲

▼305.6

1,449.6

11.8

-2.72,032.52,742.01,886.9

12.4

8.5

4.792.597,473.8

7,896.2

15

10.2 7,544.63310.5

160.0

4,709.66

13.7

252,581.57.5 929 ▲

▼10.5Subtotal without Legal Advisor

12,765.313,096.1

11,039.3

10,738.411,037.7

8,903.9

14,299.3

Clayton Utz

McCarthy Tetrault

18

20

Uria Menendez

14

10,163.9

17

19

Allen & GledhillSlaughter & May

2,405.9

30.516

523 94,659.5

18.822.0

17.8

88,675.5

11

11

3126.0

5

43

-64.1

-51.9

23,228.4

35,608.7

Allen & Overy

▲▲

18-32.238,567.324.8 20Clifford Chance 26,141.3

5

▼

-80.9-82.3564.0110.1

-42.3

--

10

-

2,485.3164.1

93,077.4134.4

2

6.2

9.7

33

7,059.66,319.76,481.7

32122

6,539.5

390.4723

811083,526.0 10

536.8-8.2 ▼6.2

1,125.45,518.84,956.6

1,464105,370.0Industry Total


100.0

6

32,137.0 227,423.1

43

1Herbert Smith/Gleiss Lutz/Stibbe

40,629.5

-80.4

-32.517

101,159.2

-70.0

-57.1-85.6

4

3

161126,714.9

43,727.9

▲-

AshurstWeil Gotshal & Manges 25 14

0.01,026.9

▼▼▼▼▼▼▼▼▲▲▲▲▲▲-▲--▲

▼

▼▲

-93.7

-92.4

-61.4

-59.4


246.05.2

▼

* tie

13 of 26

21,489.4 8 -94.6 ▼

100.0 -48.0

0.6

10.40.6

0.7

15

2.4

221.2

6.0

2.2

10

6.016

1817

11.512 11.3

14

Rank Value

Cuatrecasas Goncalves Pereira1

1,601.6

4,398.64,371.9

13

Mkt.Rank

247.7

No.

20

-83.23,633.0

1647

-

42

23

13*

1

12,093.6

77*0.09,320.9

1,086.0

14,853.5 -55.8-31.2

65

Latham & Watkins

Freshfields Bruckhaus DeringerSullivan & Cromwell

Legal AdvisorUria Menendez 34,936.6

US$m

15.9

26.2

18.4

23.418.4

25.2

211

25,254.2

18,638.519,208.0

25.45

34.53

13,470.0

7

2.6

6.3

18

7

6.97.6

3

1034

3

1,877.7

908.12019

21

2

241

2

8,397.5

5,588.78,260.4

5,090.5


481.4

1,770.1

4,606.2

Lefevre PelletierKPMG

Jones Day

SkaddenRoca Junyent Abogados

Slaughter & May

11

4

17,155.4 78*

18,456.9 6

8*13,470.011,668.6


Clifford ChanceChiomenti Studio Legal

Linklaters

CMS

Bonelli Erede e PappalardoPAGBAM

Gomez Acebo & Pombo

Garrigues

Araoz y Rueda

323.5

23

Norton RoseCleary Gottlieb Steen & Hamilton

465.4420.4

25

Simpson Thacher & Bartlett24

24.1

11

1

▼

13.5

28.0

22

Share

4050,408.0

58.1

3

12

Mkt.

37,506.3

Rank ValueRank

4

5

3

Deals

Any Spanish Involvement Completed (AG43)

US$m

5

1.2 1

1.9

100.0

75.9

140,876.1

* tie

Industry TotalSubtotal without Legal Advisor 17,668.5

73,298.2 972

Subtotal with Legal Advisor 55,629.7723

6.6

1.225*25*

1,910.2

3

2 ▼

▼-

20,395.3

-

2,239.4

0.09,320.9

46,539.6

259.8

914

-49.1-40.6252.0

-

-17.5

2529*

13

7454316

75*57

45,194.3

Rank Value1/1/2008 - 12/31/2008

Rank Rank Val

21,444.0-

5,456.2

30,752.6 50

13,374.1

42.0 ▼

2

41

21

3

38.0712

42,514.1

% Chg. in

-22.7

8

5

Share

▼

▲GarriguesCMSBonelli Erede e Pappalardo

10,080.7

Sullivan & Cromwell 20,763.3

13,470.0PAGBAMDavis Polk & Wardwell

15,152.7Chiomenti Studio LegalClifford Chance 20,322.0

15

1,910.2

3,511.8

22*

202,295.3

4,371.94,075.2 19

18

8,906.7

1.921 2.3

8.9

1-75.6

-29*1,910.2

-98.0-

-72.2-54.9

▼

▲

▼▲0.5▼ 6,559.8

-52.8

Jones Day

Shearman & Sterling LLP622.7

-16.2-21.0

Gomez Acebo & Pombo

▼

Araoz y Rueda

Slaughter & MaySkaddenSimpson Thacher & BartlettCravath, Swaine & Moore

Norton Rose 1,162.3Freehills

Milbank Tweed Hadley & McCloy

1,162.31,877.72 ▼627,975.0 -98.5

▼

17,577.1249

1,162.3 40*123,298.9

-28.4226565

145,308.1791

11,425.2

5,880.1

36,397.71,071.9

3.1

1,685.1

1417

8-

32

60,462.8

22,590.4

US$m

Any Spanish Involvement Announced (AE42)

Europe Rankings

1/1/2008 - 12/31/2008Rank Value

US$mNo.

Deals

1/1/2009 - 12/31/2009

▼

Subtotal with Legal AdvisorSubtotal without Legal AdvisorIndustry Total 99,930.8

2411,374.71.91,910.2 22*

93,371.0

Rank

40,299.9

13,778.5▲

822,224.8

Cleary Gottlieb Steen & Hamilton 27,998.9

10.1

KPMG▼

▲

▲

-

5

17,155.4 10

12234

171

9,522.6 19

302

1

40,816.5

22

4.4

3.54.1

17.2

20.822.2

1/1/2009 - 12/31/2009

-44.8

1136.729

144.62,631.5

40,234.7

14,995.8

19

10964.0

-35.9▲533.7

▲▲

% Chg. in Rank Val


Legal Advisor

22

-67.9-▼

-▼

-37.2

▲▼

40.375,824.3

Latham & Watkins4

48,637.0 48.7Uria Menendez

36,677.630 6,359.4

15.2

13.513.8

13,470.0 13*

11

7Linklaters6

13,212.020.3 9

1,125.25

29

-

-77.4

683.4

-55.4

40.5

▼

231.7

-16.6

-59.9434.7

33,592.02,519.4

613*

1

▼-

1,368.3449.6

606.6445,968.2

166.017

1,745.3-45.829.8

-62.944.7

-

2

--56.3

-

18

-

9

6

1

-

-7 50.3

35,990.62

307.157.6

1536,825.2

50.446

12,382.2Cuatrecasas Goncalves PereiraFreshfields Bruckhaus Deringer

58,032.9

▲▼▲▼

▲▼

▲▲▼▲▼

-

▲▲-▼

-

--68.1

--▼▼▲-

▼▼▼


130,454.693.4

* tie

14 of 26

Alpers & Stenger 4,697.7 25*▼

4.6 2 - - - -

-499.0

▼▲

Cleary Gottlieb Steen & HamiltonWilmerHaleDavies Ward Phillips & Vineberg

5,417.6

Norton RoseSimmons & Simmons

-

Rank ValueUS$m

367.5

Clifford Chance

Schoenherr Attorney's at Law

4

2

17

1

3

1112

16

56

15,193.711

85.6

4,377.5

23.1 34,795.92.5

3

Mkt.

148.51,120.16

9421.24021.4

40.0

No.

2

48

Rank

31

7

144

5

1787*

1,448

-1.2

161,701.8

18 7.5

-71.0

-53.2

* tie

-21.1

-61.7-36.9

64.7

Any German Involvement Completed (AG44)

Rank Val▲3

US$m

1

31,026.3

11,036.0

33

6

11.6

Mkt.

13

1514

66

5

11.810

1211

2

- 7,852.3

11,555.6

5,567.4

9,019.7

7,132.5

5,652.65,825.2

-▼

Lovells LLP▲▲

-88.0 ▼

3,337.25,825.5

-79.1▼


283.45,621.0

0.014,822.6

-▲

Skadden

-58.7

A&L Goodbody

11,867.8

▲

▲

1,804.6

5,143.411,741.9133.6

▲

160,691.8Rank

CMSBlake Cassels & GraydonAllen & Overy

Rank Value1/1/2008 - 12/31/2008

RankLegal Advisor

1/1/2009 - 12/31/2009

US$m Share Deals

Any German Involvement Announced (AE43)

Freshfields Bruckhaus Deringer43.5

56,222.5 42.44677 60,610.7

26

26.142,793.2

442,020.8

5,812.53

23,024.017.219.7

2927

16.3 191,052.8

7 16.98

36 44,582.9

9 15.1

11.29.9

10 11.57

353

22

4.69.613

14

2.42.0

15 4.4

3.94.0

2221

18 3.8

Binder Groesswang2,527.4TMI Associates

Skadden2,663.83,174.0

5,236.2A&L Goodbody 1 -

13,129.9

Sullivan & CromwellAdvokatfirman Vinge

Latham & Watkins

Mallesons Stephen Jaques5,072.2

6,127.2

5,104.2

5,825.2Hogan & Hartson

Linklaters

Landwell

22,424.2

Simmons & Simmons

21,640.7Norton Rose

15,283.9


Lovells LLP

White & Case LLP

Allen & OveryHerbert Smith/Gleiss Lutz/Stibbe

52,973.7

28,135.1

Hengeler Mueller

CMS28,294.1

22,764.926,092.7

20,051.9

12,696.0

14,859.7

3,362.64,160.4

1,714.9


113,546.61,685.8Mayer Brown LLP

Cleary Gottlieb Steen & Hamilton1.91.31.3

100.0

2423

25

20

636

1,83314.3Subtotal without Legal Advisor ▼-41.0

-27.018,970.3

256

4

1,197

1

2

1

19

6,303.2

20,032.8

Europe Rankings

349.9-

15,203.1 49.7-49.7

-7.4

-33.9384.0

13.36

17147*

24

15

55

2

9227

7

181,473.5

* tie

25*

5,579.0▼

▼▲

116

17,809.6512.3

Subtotal with Legal Advisor ▼149,316.185.7Subtotal with Legal Advisor32,157.5

5,317.0

4,809.5

21Latham & Watkins

19

22

2423

20 411,362.9

551.0-▲

White & Case LLP

▼

-

Slaughter & May-23.2

4,869.7

147,149.6

4.6 1 5,956.66336

1,657.017

5.5

% Chg. in

142.5

Rank Val

▲

▼

39,155.741

4

17,785.1Herbert Smith/Gleiss Lutz/Stibbe

5

3

7

Shearman & Sterling LLPSullivan & Cromwell

Clifford ChanceLinklaters 30,391.5

▲▲

▼


Hengeler Mueller

DealsLegal Advisor US$mRank Value

Share

▲

8716

-

8.0

38*5

53

116103

661.3-

1277

-24.0

-90.4229.1


16.2

971

5

15

31

38,854.2

3

22,835.0

3,084.7

5

247

18

1

5,829.212,007.716,524.0

20.726,888.721,123.320,335.9 19.9

9816,933.9

29.8-30.8

▲▼▲

-22.426.4

30,275.144,402.3

34

46.7

14,631.216.617.4

23,385.0

824

-9.7-34.521.6

-25.8183.5289.3

-

30,319.411.511.3

7.78.8

38.62,690.4

-329.552

136*

1 -3

-0.0

6158*

3,004.9

-

10,479.9

73*49 85.319 -48.3

16

5.5-

7.017 5.7

943.718

12 24,628.6

5.5

5.25.3

5.0 820.1Machado Meyer Sendacz & Opice 4

▼

4,697.7

5,069.8

4,705.84.7

29

Industry Total▼▼

-34.5906 14,552.3

94.5 54296,429.9

184.0

102,008.9 100.0

34.6HomburgerAllen & Gledhill


% Chg. in 1/1/2008 - 12/31/2008

▼

Rank Value

36,796.6

1/1/2009 - 12/31/2009

RankFreshfields Bruckhaus Deringer

No.

59.41

▼▼▲▼▲▲▲▲▲--▼-▲▲▼▼▲▼▲

15 of 26

1,405.0 25* 3.1 3-Allens Arthur Robinson 581.0 25* 1.0 -

▼▲

1,830.0 18

1,600.01,602.5

Studio Pedersoli e Associati

25*

18*

1.2

2.4

20

16

6*

5.6

2,214.2

3,143.8

1213

15

21

1718*

1 95*36.3

86,574.92661 - -

1.0

* tie

121.3

30,514.5

8,369.06.2

-12,951.911

15,099.5891

28

US$m

1

15

15,072.4 4

44,166.936

Rank Value1/1/2008 - 12/31/2008

83.3▲▲

11514

▼-54.57,889.9

US$m

Any Italian Involvement Completed (AG45)

128.4

Rank Val

12

36,327.5

17,552.2

5,671.8

9

3,156.9

6

8

18

2Rank

8,223.0

-30,917.3

214

812

11,421.56,421.5

6

9-

12

14,885.1

3113

4

23,879.26,677.2 16

127.0

* tie

-3.1

696

-64.5

▼

-88*

461 13,824.4113,916.3

11

34

110,437.2

-2

-2,767.82

2

6.1

4.0

12

-

-

17310

2822

673.5

1,600.0

Europe Rankings

% Chg. in

14

Chiomenti Studio Legal 16,989.5

13,663.5

13,470.013,470.0

2,494.7

56,326.9

2,606.1

Uria Menendez

3,472.4


▼▼

-60.2-64.1

2 23 ▼1,074.0 485,668.3

30.8 ▲


100.0

235

3.5

1,606.3

21

3.5

88.012.0

3.5

25*

1,452.7

-

1,558.8

--

▼Salans

23 -63.4

--

10418 -82.3

6,703.0

- -

3.68

-

74*

-

2

22

54

24.3

1

25.7

3.9

30.2

23.9

12.5

6.57.6

39DealsRankLegal Advisor US$m

Mkt.

Latham & Watkins 13,829.2

Bonelli Erede e Pappalardo

24.6

15,378.714,470.6

2 27.33

8

Allen & OveryGianni, Origoni, Grippo & Partners

7,044.6Freshfields Bruckhaus Deringer

3,670.211

5,854.3

6*

109

4,283.1

PAGBAM

Sullivan & Cromwell 6*Cuatrecasas Goncalves Pereira

13,470.0

6

10.4 18

71

7

23.923.9

Pinheiro Guimaraes1,999.91,999.91,830.0Souza Cescon

Linklaters

Machado Meyer Sendacz & Opiced'Urso Gatti e AssociatiCravath, Swaine & MooreLegance Studio Legale Associato


Studio Legale & Tributario Biscozzi Nobili581.0

24Morrison & Foerster

SalansCMS


1,012.9

16,854.1


39,472.9

Industry Total

4.4

2223

1,338.71.8

3.32.8

3.6

4.6

14

9.9

127.0--

141037

1

2,447.9

20,845.4

1

11 3,654.35,726.23

11,642.51

No.1/1/2009 - 12/31/2009

Rank Rank Val

11

Rank Value

12Clifford Chance

Rank ValueShare

4,726.375.0

40.8

28*7712

-

-30.618.6

-

10,147.9

17,705.4

20,929.4

6,534.4

-17,569.411,359.6

-

- -Gianni, Origoni, Grippo & Partners▼-82.9Souza CesconStudio Di Tanno

1,474.7 ▲

-77.6 ▼

11

▼ Herbert Smith/Gleiss Lutz/Stibbe▼

-89.7-83.3

▲-56.1

3,807.5

2,777.63,174.2

▼

Slaughter & MayStudio Pedersoli e Associati-

3,193.7

▲▼ Freshfields Bruckhaus Deringer

d'Urso Gatti e Associati

Allen & OveryLinklatersCleary Gottlieb Steen & Hamilton

13,470.0

10

124,288.24,979.3

8,632.4

▲10,277.9

▼-18.8-59.437,853.8

31 ▼

Legal Advisor

Latham & Watkins

Bonelli Erede e Pappalardo

Sullivan & Cromwell

Chiomenti Studio Legal

Clifford Chance

5

Rank Value1/1/2009 - 12/31/2009

Any Italian Involvement Announced (AE44)

1

29.8 67

29.3

17

7.0

5.517

1415 6.916

13

11.6-44.6101,674.4100.0

62529.970.1

4

9

710

166

1/1/2008 - 12/31/2008


14

2

▲-22.8 ▼

▲-23.3

-

111.6

▼

32.8

% Chg. in

3

Rank1 41,366.7 ▼

13

-49.7

13,470.05

▲30.1

113,663.5 ▼

-

13,819.1 6,420.0

1,452.7

2,528.4

2019

22

1,500.6 Skadden

▲▼

▼

▲

-54.4 40,408.3

1,405.0Baker & McKenzie

Studio Pavesi Gitti Verzoni

Subtotal with Legal Advisor5,500.4Subtotal without Legal Advisor

Legance Studio Legale Associato


Machado Meyer Sendacz & OpicePinheiro Guimaraes

-24.4

-

115.3

-23.3

-55.8

218,017.6

No.

39.3

45.3Share

2.9

PAGBAMUria Menendez

-69.6

18.8

6

7*7*

96,608.6

Cuatrecasas Goncalves Pereira

-88.1

14.410.9

9.38.3

-86.314,121.731,984.8

-89.5

--42.0-84.6

1.2-44.0-58.4-89.4

-75.2

-

Mkt.US$m

20,788.3

▼

2343.820,103.0

Deals

29.3

3

▼▲▼▼▼▲▼▼▼-▼▼-▼▲-

3.4

23*3.23.2

23* 1,043.9-

127,740.7

16 of 26

599.3

Any Nordic Involvement Completed (AG46)

1,694.6

1,704.5Bugge Arentz-Hansen & Rasmussen

2945.3321.0

Simpson Thacher & Bartlett702.885.5

180.5▲

2,151.72,244.8

Bech-Bruun

1,412-53.31,849100.0 130,191.5

101,519.1

60,739.7

25 9,982.1Gorrissen & Federspiel52,507.8 437

White & Case LLP

272.41,693.8


23

7

10

8

1

111213

3.1

6

20

5.2

8.0

3.7

2.82.8

9.39.2

15

5,926.2

10,896.5

-61.3

-75.1185

2189

6,815.8213,704.4

367.15,558.4

2 4,033.4 37

902,651.3 18

2018 5.24.419

3,143.86750

1 86

20

2

3,417.2

1/1/2009 - 12/31/2009% Chg. in

19.4

1

65

9.811.1

37

3

328

8.8

2

9

US$m

6,935.6

13

No.

194.5

1/1/2008 - 12/31/2008

16

7,606.6

11,195.4

1,101.313,939.1

▼-42.1

▼

-

▼-72.4-71.0

787.7

438.3 ▲

-68.0

-94.9

▼-76.3▼

▼▼

Rank131

1/1/2009 - 12/31/2009No.

US$m12

% Chg. in US$m

▼Rank Val

-0.6

11,195.4

13,024.8

4

23

19

-17

746.3

11,771.9

5,214.095,367.4

5,588.95,655.8

10,796.45

3*3*

241.7

6.3 5,001.76.3

-46.116

1,000.0

2019

5.6

11860

16,986.83,756.74,029.2

3,476.7Hannes Snellman

98

8.9387.4 ▲▼▼

-62.6

17


-49.7

-56.424

Lovells LLP

17

10.4 756.0

508.2

7

5

24

1210.3

9.6

2

4

3

8

▼

-

▼

116-

152*-

-72.1▼

24

241,900.0

1,466.524

2122

3.5 1

-78.220,286.8120,048.0

-

47*

▼-59.7

1,346.7-56.4

▲-

5


Europe Rankings

6,718.9

1/1/2008 - 12/31/2008

Linklaters

Thommessen Krefting Greve Lund AS

Hannes SnellmanRoschier


SkaddenOrrick Herrington & Sutcliffe LLP

Covington & Burling

Rank Value

Morgan Lewis & BockiusCleary Gottlieb Steen & Hamilton

Wikborg Rein & CoLenz & Staehelin

Castren & Snellman

Fenwick & West LLP

Akin, Gump, Strauss, Hauer & Feld

Legal Advisor

Allen & Overy

3,824.4143,741.4 6.2

WilmerHale 17163,201.2

3,171.2Dewey & LeBoeuf LLP

3,853.24,877.9

NautaDutilh

Kromann Reumert

Wiersholm Mellbye & Bech DA

Jones Day

US$m Rank

10,796.42

Any Nordic Involvement Announced (AE45)

12,366.2

71

12-4.810.2

1,661.5

Share DealsMkt.

17.9

5.3

8.6

17.817.8

1,130.034,785.4

4,421.039,206.4Industry Total 100.0

88.7

* tie

Subtotal without Legal AdvisorSubtotal with Legal Advisor

▼-71.3

▼


11.3140,334.8

99115

-23.0 Kromann Reumert▼7

Cleary Gottlieb Steen & HamiltonMannheimer Swartling Advokatbyra

4

109.0

105 ▲▲

239.8

▲2,534.9 43

5,178.0127.3

RankRank Value

74612.99,889.9

6

Mkt.

6

11,409.3

4,069.5

Rank Value

32

12.44 27.5

29.1

12,480.512,067.9

4,877.910,796.4

5

Share Deals

30.8

Rank

20,846.731.8

3

Rank Val

2,371.3123.1

5,027.4

▲▲

▲5,450.8

▲▼

Legal AdvisorAllen & Overy

Roschier

Linklaters

Herbert Smith/Gleiss Lutz/StibbeCastren & Snellman

Covington & BurlingNautaDutilh

-85.3

-87.6

21*

▼ 21*


Paul, WeissAkin, Gump, Strauss, Hauer & Feld

▼

1,130.0

10

28,672.4Subtotal with Legal Advisor

13.686.5


1,032

1

1,372

3

4,215.6

179.7

4,100.0

-

-93.3

--145.5470.2

7,578.5

9,333.07

-11.5

-61.34,109.13.4 45*

109*

55

8678

42

-73.3-87.36.8 4

GoodmansOgilvy Renault

1,130.0 2.921*

23▲

19▲ 3.2Gernandt & DanielssonBruun & Hjejle I/S 201,154.3 88

-83.12318,463.2 6

Blake Cassels & GraydonAdvokatfirman VingeMorgan Lewis & Bockius

2.9

3.31,235.51,284.2 18

17

15

102,236.72,651.7

4.21,630.0 16

5.72,170.9

11

311,637.82,087.5

4.25.3

1,316.5-20.6

1

21*1

2.9

2.921*1,130.0417.6

1,130.02.9

2.9

3401

2,526.120,861.3

82

Rank Value

12,551.8

14

-

80

11

11

2,112.61213 2

135.55.4

165.0315.7

▼▲

819.2▼

11,061.714

32,067.7▼

▲▲

▼

▼▲

▼▼▲

1 127.3

---▲

0.0

▼▲

▲▼

▼

* tie

▼-48.3

395.0

17 of 26

Sidley Austin LLP

12,887.2

9,723.4Gibson Dunn & Crutcher

* tie

32.2 4197,163.024.6

8.2

-

▲

3

1,018.9

2,660.6

6,525.0

Rank Value

Any Benelux Involvement Announced (AE46)

1/1/2008 - 12/31/2008

7,990.08,000.0

Allen & Overy

Norton RoseNautaDutilh

10,796.4Covington & Burling

Sullivan & CromwellBaker & McKenzieCleary Gottlieb Steen & Hamilton

* tie

Slaughter & May

8,000.0

3,109.1


17,658.1


11.8

▲▼▼

-58.039.2

Rank ValLegal Advisor

10,961.7 22▲50

36

Europe Rankings

DealsNo. % Chg. in

1/1/2009 - 12/31/2009Mkt.

Any Benelux Involvement Completed (AG47)

176,643.818.9

US$m

1/1/2009 - 12/31/2009

Rank Val▼▼▼

4

Share

12

3

55,336.3

83

31

776.9

15

86▲

McCarthy Tetrault▲

▼▲

86,218.2

101,930.9

128,522.8

44.027.7

14.816.7

ShareRank Value

RankRank

-89.1-

701,735.3627.6

17Rank Legal Advisor

65.8


Rank Value

2312

881 0.0 162*

604.1

26,152.7

1,638.8

8

11.8

11,643.1

11,148.010,796.4

12.2141312

12.7111,151.6

827.9

11,518.3

- 7,102.0▼-

17.6

-

1,055.0

▲▲

16Simpson Thacher & BartlettSlaughter & May

6,525.03,857.4 17

7.17.8 7

3

18 133,619.2

4.258,744.54.1

5

% Chg. in No.Deals

38 2156,851.2US$m

-74.1

61

20.8 13

Mkt.

44.4

2534

2,114.112.6

53

42.7

20

36-40.1

1933

23

30

-55.9

-90.2

8

13,647.9

20,667.1

91,433.960,282.5

1

14

Allen & Overy

1


9

18.4

3

512.914.3

8

22

439139,597.9 1

US$m21,669.3

-72.2

281

16.132

-86.3

-74.7

27313.9Hengeler Mueller

11,768.3

32.835,935.6

Herbert Smith/Gleiss Lutz/Stibbe 26,986.0Linklaters 35,338.8

4

US$m Rank

15,205.8

11,518.3

56

10.710.5Simmons & Simmons

Clifford Chance 11,101.0

78

2710.1

1110

8.99.8

9

15* 7.37.3

2

1

8.1 2210

3

7.6138,886.9

8,340.6

8,965.9

14

12

7.3 20.4

6.0

1486

37,773.26.9

61,045.14 10

Landwell19 6.6

521,615.622 147,259.5

7,615.5

3,187.9 22 2.9 7-

6764,044.4 7

-62.2

▼

▼-64.2

-95.0180.8

8.092.0

15

3.63.5 3

4.0 4 55

1,139

3

255.0

6,482.1

3

303,347.7

1,107.11,533.1

91,508.67,316.7

92,734.5 84.5

109,693.9

84,191.8Subtotal with Legal Advisor

100.0


289,071.414,276.3753

386

-69.8▼▼

23 2.8

3,262.8 3.0

Alston & BirdWachtell Lipton Rosen & KatzStikeman Elliott 17

Skadden

Industry Total 100.0 1,424953Subtotal without Legal Advisor 16,959.5 15.5


-57.6

245,143.74713

4

1,107.13

2 -

Industry Total13,366.7 Subtotal without Legal Advisor▲

▼26.9

258,510.3

2724Dewey & LeBoeuf LLP 25

24

Stamford Law Corp 21

De Brauw Blackstone Westbroek18

15*

20

2,547.9

22▲▼▼

23

7,114.5Sidley Austin LLPPaul Hastings Janofsky & Walker

242.42.3 2.3

3.1252,131.9

2,807.1-58.93 6,479.0

Rank Value1/1/2008 - 12/31/2008

--20,320.5

8,743.6

19,650.4

▼

40,631.440,303.7

LinklatersHerbert Smith/Gleiss Lutz/StibbeFreshfields Bruckhaus Deringer 25,314.5

18,991.1▼

▲

De Brauw Blackstone Westbroek

16,813.3

8,159.8

4

42.6102,350.8

217

109,157.2

-80.8-89.3

371.4

1,224.3

-89.666.5

-68.1

39,066.7

3

213.23.1

18

3147

4

43▼-- 74,217.33,162.9

71 39.1

7

13882

42

-48.7

-18.674.3

--35.6

-95.7-54.2

5,066.9153.6

0.3

-70.9

-49.4

-89.125,243.7

-93.5

3,788.2

Sullivan & Cromwell

-

-13,543.313,089.711,768.3

1120,862.461,045.1

15

17,325.3

2

815,237.9 7

56

4

10

3,629.320 7 6,426.43,254.119

▲

▲

▲

▼▼

-89.3-81.5-93.6 ▼

444.8▲

▼

▼▼▲▲

▼

▲▼

▲

▼

▼▲▼▼▼

▲

▼

2,967.92,841.8

Gide Loyrette NouelAllen & GledhillNautaDutilhNorton RoseHengeler MuellerSimmons & SimmonsClifford ChanceCovington & Burling


Chiomenti Studio LegalBonelli Erede e PappalardoSkaddenDewey & LeBoeuf LLP

18 of 26

High Technology / Semiconductors10/21/2009 South Korea / Canada12/22/2009 Harvest Energy Trust (100%) KNOC Energy and Power / Oil & Gas

Hong Kong / China 3,787.5

10/27/2009 Pending Guilherme Hldg(Hong Kong)-Asts (100%) Stellar Megaunion Corp

12/11/2009 Felix Resources Ltd (100%) Yanzhou Coal Mining Co LtdEnergy and Power / Oil & Gas11/25/2009

Materials / Metals & Mining2,603.9

High Technology / SemiconductorsChina / China 2,718.5 Real Estate / Other Real Estate

Utd Arab Em / Singapore 3,081.512/18/2009 Chartered Semiconductor Mnfg (100%) Advanced Tech Invest Co LLC6/23/2009 7/31/2009 GCL Solar Energy Tech Hldg Inc (100%) GCL-Poly Energy Holdings Ltd9/7/2009

High Technology / ElectronicsCanada / Switzerland 9,024.5 Energy and Power / Oil & Gas

Taiwan / Taiwan

Materials / ChemicalsQinghai Salt Lake Potash Co3,863.2

Mirror Lake Oil & Gas Co Ltd7/25/2009 Pending Qinghai Salt Lake Ind Grp Co (100%)

11/14/20096/24/2009

Chi Mei Optoelectronics Corp (100%)8/18/2009 Addax Petroleum Corp (100%)Pending

Asian M&A Down 18% I Energy & Power Most Active I Cross-Border Activity Declines


Top Ten Asia (ex-Japan) Target Involvement Announced Deals

Asia Pacific (ex-Japan) Deals Intelligence

Asia Pacific (ex-Japan) M&A

Announced Asian M&A activity totaled US$338.1 billion in 2009, down18.2% from last year's US$413.2 billion. Despite lower deal values, thetotal number of deals increased slightly by 0.6% from 2008.

Energy & Power was the most targeted sector in Asia, capturing 17.8%of the market with US$60.3 billion in deal activity. The Financials sectorfollowed closely with a 15.6% market share or US$52.8 billion of dealvolume.

China cross-border M&A totaled US$64.6 billion, a 33.5% decrease fromtotal deal volume recorded in 2008. Outbound activity amounted toUS$42.5 billion, or 65.9% of the market. Chinese companies investedheavily in the Energy & Power and Materials sectors.

Australian M&A totaled US$155.2 billion for the year, up 33.5% from lastyear. Australia cross-border activity decreased by 11.5% to US$51.7billion from US$58.4 billion in 2008. Australia inbound activity was up7.8% from 2008, while outbound activity hit a 10-year low with only US$7billion in activity.

Rank Date Date Effective Target (% Sought/Acquired) Target Macro / Mid IndustryAcquiror Acquiror / Target Nation Rank Value (US$m)

11/25/2009

China Eastern Airlines Corp China / China 2,562.8

OAO MangistauMunaiGaz (100%) Investor Group China / KazakhstanChina / Australia 2,565.08/13/2009

Industrials / Transportation & InfrastructureShanghai Airlines Co Ltd (100%)Pending

12,728.7

China / China 8,943.5

Innolux Display Corp

7/13/2009


Asia (ex-Japan) Involvement Announced M&A by Target Industry

$0 $10 $20 $30 $40 $50 $60 $70 $80

Energy and Power

Financials

Materials

High Technology

Industrials

Real Estate

Rank Value (US$b)

January 1, 2008 - December 31, 2008January 1, 2009 - December 31, 2009

China Cross-Border Announced M&A

$0

$10

$20

$30

$40

$50

1Q04

2Q04

3Q04

4Q04

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

Ran

k Va

lue

(US$

b)

0%

20%

40%

60%

80%

100%

% O

utbo

und

Inbound (US$b) Outbound (US$b) % of Cross Border is Outbound

19 of 26

* tie * tie

Subtotal with Legal AdvisorSubtotal without Legal Advisor

175,917.6Simpson Thacher & Bartlett 4,710.0 25 -38.02591.4

744

8

▲

-

-70.7-87.3

41

▼

▲-

▼▼

▼-35.2

▼▼▲-▲

127.4

▼▲▲

▲

▼▼

3,293.2

-5.7

92

31

-468.2

53.115 2,770.2

143.0

4,268.84,240.8 19

182.3

345.12,545.9

▲▼

3.7

17

5,972.2

4,898.15,596.7

4,486.6

5.24,425.1

45

4

Share

3623,279.960,437.8


Rank19Baker & McKenzie

Legal Advisor US$m13,265.89.538,308.1

17,664.4


-47.1

-76.6534.4

Latham & Watkins

Mayer Brown LLPSlaughter & May

2.13,888.2

2.1

178

Corrs Chambers Westgarth

2.11,096.1

45,478.3 ▲ 10

4,425.1

406.119.8

4 358.171,797.8

31,614.4 1Deals

25,006.4 497.4

2

2

10

14,334.1 57

10

30

91

245,316.64,898.1

18,659.7

4

11

4

1616

43

Hogan & Hartson

12,662.2

8,970.5

346.4-80.9 ▼

▲134.5-86.2

2,579.8

12,895.7 387.02 7.53

13,863.1 15


2,659.9272.7

-

725.116.5

167.9

-80.8-64.8245.5

43.3

-59.3

-

▲▲

-91.0-

2,232.1

6

-79.0▼▼

▼

92

▼▲

-84.1

33.2-63.8

12 -44.6

▲

34

-86

-

59

17

3

46

-

39

95

116

14

111

3

13 3.3

5.195.18

183.5 16,029.276,357.9

7

5.4

12

4.9

6

1615

6.8

1/1/2009 - 12/31/2009

Any Asia (ex-Japan) Involvement Announced (AE31)

1/1/2009 - 12/31/20091/1/2008 - 12/31/2008

▼

- -▲

11 -23.2▼▼ Allen & Gledhill

▲▼

▼

▲

▼▲

▲ Freshfields Bruckhaus Deringer

Hogan & Hartson

▼▼ Subtotal without Legal Advisor

▼100.075,675.4

185,153.0

Any Asia (ex-Japan) Involvement Completed (AG32)

US$mRank Value

Rank

1/1/2008 - 12/31/2008

Rank Val% Chg. in

59

Rank Value Mkt. No.Deals

% Chg. in Rank

▲ 481Legal Advisor US$m

Rank ValueRank Value No.Rank

Mkt.


US$m Rank Val

3 -56.657,622.012,442.0 154.1

218Baker & McKenzie

13

15,426.64,052.5

241,214.3

16,969.225-63.916

252

DLA PiperRopes & Gray

▼-68.7

-69.535

3,863.23,837.0

3,601.3

Burnet Duckworth & Palmer

Clayton UtzMilbank Tweed Hadley & McCloy

3,787.53,801.9

100.0 -18.2Industry Total

21

4,2644,865

162,224.4-53.1

350,272.3

14601

40.9

23

2.3

20

2.1

116,707.4

15,337.9

5.1

28

2.0

2.11

406.12-

32

10

2.75

3.2 11

2.4 1933,629.7

3

261,179.113

3,418.6

16,988.532,062.1

41,619.9

Linklaters


Allen & Overy

9,470.5Fasken Martineau DuMoulin LLP

9,524.5

6,903.9Fraser Milner Casgrain

6,518.3

9,024.5

▼20 -0.7

▲

-27.115

20.9

7

12,722.711,682.8

2.92.8

10,378.9 6 3.19,904.9

171,974.3413,188.6

12

16,620.5

70

770.0

1,189.5

1425

831,108.0

196.9

698.4

1.6

-65.91.7

96

2614

1.85,416.4

15,370.7468.2

5,675.3

1

1,019.9

22

20

▼9,238 Industry Total

Subtotal with Legal Advisor8548,384

109,477.6 59.1

10,063.5

Stikeman Elliott 9,487.4

9,707.7

22

24

6,146.2

Bennett Jones

233,564.9

1,419.4

5,809.0

62

24-

Allen & GledhillStikeman Elliott

Linklaters

SkaddenVinson & Elkins LLP

Jiayi Law Firm

Osler Hoskin & Harcourt LLP 9,596.5

8,943.5

Fasken Martineau DuMoulin LLP 9,470.5

Xining Shuren Law FirmFraser Milner Casgrain 9,024.5

8,972.8

Freehills

8,473.2Grandall Legal GroupWongPartnership LLP

5,789.26,147.9Clayton Utz

7,272.86,470.1Corrs Chambers Westgarth

23

16

5

102

2311

422,850.361,221.2



Latham & WatkinsBurnet Duckworth & PalmerAllen & Overy

98

SkaddenVinson & Elkins LLP

▼

2,232.1 ▲▲

Asia (ex-Japan) Rankings

11

21

83

2.7

75

2.6-

98.643,736.8

2.22.2

2.7 -

2.8

Share

8

43.55

4.23

9.4

3.8

338,142.048.052.0

1.5

17

5,600.35,554.1

5,637.25,668.0

211.71.7

23

161514

1.6

1.9

18

22

1.7

-80.67,276.3

Shearman & Sterling LLPAllens Arthur RobinsonWongPartnership LLP

511.7 ▲13 2.5

20 of 26

* tie * tie

-57.0-45.8

71.7

1,651.2

▲

▼-71.8

▲-

▲

▼-80.8-72.8

-70.9

▼▼▲

▼

▲▼▲

43.7

-81.3

▲-58.6

44.694.2

-61.3

1,442.5

▼

-88.6

2012

16,099.4

▼

▲

▲-87.5

87,693.0

▼

▼

1/1/2008 - 12/31/2008

▼

Rank Val

-62.9-55.99.4

663,517.3

-

1,671.068.6

250,222.8 785

11016

4,359.4

25

626.8

23,242.0

366

3,418.6

▲

-Corrs Chambers Westgarth 7,348.4

1142

▲16 15.5

49

19,920.318,769.7

15,181.3

81,878.86,981.0

217 -11.9

36-

19

464

52

37

37.9

10.134

7Fasken Martineau DuMoulin LLP 4.97

8.87.3Shearman & Sterling LLP

868 Mallesons Stephen Jaques18

Allen & Gledhill 5.5835.8

▲

62

42,820.060,657.8

US$m

82,153.749

51,134.064,837.1

95

5

11

2.1

4.34.4

2.6

52.8

5122,424.232,062.1

592,775.7

17

98652.1

30

Subtotal with Legal AdvisorMayer Brown LLP

152,625.2

1015,535.5

-

43

Subtotal without Legal Advisor 10,007173,149.6

1.3 77


246,006.2 151.825

6,323

1.3 10▼

1,977.1

-6.1

▲

36.211,368

1617

4.3

1011 4.3

15

▼Vinson & Elkins LLP

10,096.910,063.5▲

▼▲

Linklaters 12

7110

▼▲

1.8 211,189.521

26

184,423.2

30

3,916.9▲▲

Hogan & Hartson 226,102.04,913.0

113.8511.7

2820Allen & Overy 6,660.1

2.62.819

WongPartnership LLP21

6,146.222

2331,108.010,205.6

-76.6-37.3 Slaughter & May 4,311.7

11

Gilbert + Tobin

478,247.3

-56.25,30534.9

65.1 1,018▼

1,36163.8▼-34.5125,169.6

348,381.7 ▼

▼▼842,046.0

2115,577.2-89.7

-9.2203.8

335,961.165

43

▲206-

164

45,619.7

8,970.5

▼▲

90

84

25

45,658.314

12

19.8

639.8

1523,802.5395.3 72 566,798.0

42040

939,799.572,904.4Freshfields Bruckhaus Deringer

1

44,894.218,509.8

19.5

7,363.4

59

8.3

3013

114.2

▼-12.7▲

▲▲

▲83.044.1

6

Legal Advisor

Skadden

617,104.2

Blake Dawson10,214.811,419.3 8

9

12,489.6

512,895.7

Freshfields Bruckhaus DeringerFreehills

25,678.823,575.2

20,563.722,138.6

-▲

▼

134.2

1,834.1-78.5

1,434.4

60

81,123.03,139.9

15.0

94,912.7

Legal Advisor DealsAllens Arthur Robinson

5 4,431.3

308.9-84.4

2,722.5

8

38406.19

30

58.9Allens Arthur Robinson

1▲121.719.9

420.2 81Rank

3

Industry Total

Share

Any Asia Pacific (ex-Japan) Involvement Announced (AE30)

Mkt.

9

▼520,384.3100.0 -8.1

1312

2.0

2.1

-50.5234,609.0 473,551.3

10,009.6

▲Osler Hoskin & Harcourt LLP

17

Fraser Milner Casgrain

TorysClayton Utz

9,504.3

8,198.1

9,052.5

14.4

2.1

12.9

3.52.7

2.22.42.7

4.8

Industry Total

4.19,668.14.1

1314

81,983.9

Latham & Watkins


3.9728,999.0

18462.94

3.83.53.118

1.9 221.824

Stikeman Elliott

4,540.0

4,240.8

▼100.0

1.9

1.9

23 1.522

19

21

18

1.5

1.9

50 ▼

% Chg. in


No.1/1/2009 - 12/31/2009

% Chg. in

Asia Pacific (ex-Japan) Rankings

No.

Any Asia Pacific (ex-Japan) Involvement Completed (AG31)

US$mRank Value

Rank

19.62

14

93,432.434

71,700.0

7

10

68,908.1 6

39,647.161,892.2

23,012.5

5

89

208,943.5

9,817.01615

Jiayi Law Firm

9,052.5

Shearman & Sterling LLPTorys 9,687.8Fraser Milner CasgrainXining Shuren Law Firm 8,972.8

9,807.2

7,272.8WongPartnership LLP

Corrs Chambers Westgarth 8,374.5Grandall Legal Group 7,276.3

305,097.7

Minter Ellison25Paul, Weiss

6,398.9

Rank Value

98.6-

1/1/2008 - 12/31/2008

102

500.9

10

Baker & McKenzie


10111.0▲96,386.0

Rank Value

18

1/1/2009 - 12/31/2009

FreehillsMallesons Stephen Jaques

Vinson & Elkins LLP 10,378.9

16,540.712,839.612,649.911,462.3

Blake Dawson

93,593.9

11


Linklaters

Clayton Utz

Slaughter & MayBaker & McKenzie

SkaddenFasken Martineau DuMoulin LLP

Stikeman ElliottAllen & Gledhill

DealsRank Value Mkt.

Rank Val RankUS$m28.4

US$m71

Share19,999.8

Rank1

21 of 26

* tie * tie

▼

-

1

3

7

13

412.0▼

▲

▲

▼

▼▲--▼▼

-72.895.5

▲

▲

▲

▲▲▼

-61.3 ▼

-

▼▲▼

▲

▲

▼▼

▲

▲68.684

3,856.6-34.9

▲

-51.9

-74.8

Rank Val

▼

▼

▲▼▼▲

-55.1

6,608.0-30.3-69.6

1,733.4--

-57.2-28.2

38.4

502.8

15.5

-16.2

480.9---

107.2113.8

536.9-34.6

-

3,227.9

29

14.7

36.32

2.7

34

3.2

49,019.950,222.8

US$m

-65.7

38.6-55.9

47 2Deals


464

3,759.422,424.2

23,242.0

21

2.8

24*

2.4

153.1

2.8

1716

2.8

3.0

6.8

18.7

5

12.0

13.4

10.0

5.35.7

7215.8 6,942.4

4

4

8 682.4

6

53

207.2

6461

2217

12,466.6

180.8787.6

3,916.9 18245.2 513

-33.1

▲

1213

Simpson Grierson

25

Rank Value Rank Value

1Legal Advisor US$m Deals Rank Val US$mLegal Advisor

3

1 108.8Rank

▲2▲

% Chg. in % Chg. in 1/1/2008 - 12/31/20081/1/2009 - 12/31/2009

No.

Australia & New Zealand Rankings

Rank ValueMkt.

596.2

121.7 Freehills▲▲

Blake Dawson

Baker & McKenzie155.9859.0873.9


22,138.623,564.7Allens Arthur Robinson

34

7,227.8

Rank

45,217.1


12,186.8 20.011,408.2

5

▲

▲ 9,616.3

Torys8,999.08,198.1

Clayton Utz▲

136,082.4

-

83

-

9,567.4

114*78.1

RankShareRank Value

1/1/2008 - 12/31/2008

Any Australia or New Zealand Involvement Announced (AE27)

Mkt. No.1/1/2009 - 12/31/2009

Freehills 42,820.0

Rank US$m

2 1001

Share

60.561.4 75

Mallesons Stephen Jaques12

46,158.3

7,215.1

94,912.7Allens Arthur Robinson


96,355.7

1458.892,326.8 3 85

62,422.568,427.5

44.15

39.843.6

8

Simpson GriersonMcCarthy Tetrault


Ogilvy RenaultFasken Martineau DuMoulin LLP

Gianni, Origoni, Grippo & PartnersDavies Ward Phillips & VinebergSullivan & Cromwell

58,592.823,012.5

6,383.7

Allen & Gledhill

12,629.98,374.5

Minter Ellison8,160.1


Lovells LLP

144,072.3

Johnson Winter & Slattery

Subtotal with Legal Advisor1,699.9

12,882.1

1,723.2Paul, Weiss

11

1.1

15

12

14

16

1.3

1.51.4

8.2

6

11

35

91.8

1.31.2 3

590

7,348.414.7 88

155

6,096.735 ▲

6

5

▲

3-Clifford Chance

1,610.9Blake Cassels & Graydon1,629.3

22

-

1,948.8

46-

Paul, WeissNorton Rose

37 ▲

17

8

25.0

-806.7

407.7-

246.0

12,092.9

1,491.411,335.1

5

100

53-

41-

60

3446

9

108.9

15 38.5

21

117.3-72.6692.2

-

-342.9

▼

54,166.81,425.7-

295,298.2 17

126,515.0

2,338.0

0.0

1,599100.01,12411.3

623

2.3 1

88.7

32.6

2.3475

1

Industry Total 61,037.231.4

104,083.71,821 15,366.82,411 119,450.5

-

-

48

-90

21

--

10

137,026.3

--51.3

Lovells LLP1,805.71,916.4

▼

Fasken Martineau DuMoulin LLP

-Morrison & Foerster

6.1

Johnson Winter & Slattery349.0

▲31,316.4

▲

-

2

3 275.2

-2,636.27

59

8

7107 337.3 8,416.3

19,920.3

10,355.9


2,025.0

1,916.41,991.8

1,752.8

19*21

100.0

4

6

69,189.5

5.38.1

5.2

1.3

9

4,174.8

25

2324

22

1.1

1.1

19*2,027.52,025.0 1.3

2.32,305.5

18

2.75,916.2

3,563.2

13

Blake DawsonLinklaters

Corrs Chambers Westgarth

Gilbert + Tobin

Torys

Baker & McKenzie

Slaughter & MayClayton Utz

4 4,462.998*

2,171.7 170.0

4.1 822,153.4 4

9,547.6213.875

Subtotal without Legal Advisor 6,870.4

24*Dorsey & Whitney LLPCMSCassels Brock & Blackwell LLPSubtotal with Legal Advisor

1,685.2

1,425.7

20

18

221,431.9

1,699.919

74 - 1,677.0

36,083.9

9

7

352.458

8

Minter Ellison10114,150.3


5.1

9

-73.32,209.1 Linklaters

Shearman & Sterling LLP3,105.7

3,494.23,241.1

14

6

Corrs Chambers WestgarthGilbert + Tobin 6,102.0

8,114.9

Any Australia or New Zealand Involvement Completed (AG28)

13.3

22 of 26

Financials

High Technology

Energy and Power

* tie


1

34.3

Japan Deals Intelligence

78.93*

15,252.6

Morrison & FoersterSkadden



23

79.82 79.1


Japan M&A

Mkt.

Japan M&A Lowest since 2005 | Nippon Oil deal Largest Energy & Power Deal | American Companies Most Active in Japan

Rank Date

Japanese Involvement Advisors by Target IndustryRank Val

Japanese M&A activity reached its lowest level since 2005 withUS$129.4 billion in deal activity, a 12.5% drop from 2008. JapaneseM&A deal count was also the lowest since 2005, with 2,875 deals.

Nippon Oil’s US$12 billion merger with Nippon Mining Holdings was thelargest announced transaction of 2009 and also the largest Energy andPower deal in Japanese history.

Outbound Japanese cross-border M&A deal activity totaled US$20.5billion from 336 deals, a 69.7% decrease from 2008. US-basedcompanies were most targeted by Japanese firms; in 2009, US-Japancross-border M&A totaled US$5.1 billion with 80 deals. Kirin Holdings’acquisition of Australian-based Lion Nathan for US$3.4 billion was theyear's largest outbound transaction.

Inbound Japanese M&A deal activity totaled US$8.1 billion, a 22.5%decrease compared to 2008. American companies remained the mostactive buyers of Japanese companies, with a total of 49 deals valued atUS$4.1 billion.

12,166.2 12,062.9 12,031.2 1

95 2 4

1 51.4

31.1 2,527.49/3/2009 2,357.0

Suzuki Motor Corp (19.9%)Sepracor Inc (91.42%)

12/9/2009 Germany / JapanVolkswagen AGUnited States / United StatesAptiom Inc

3,417.27/1/2009 3,126.7

Rank

47.644.5

Share

Mori Hamada & MatsumotoSkaddenNishimura & Asahi



Nikko Cordial Securities Inc (100%)12,031.2Japan / Japan

Japan / JapanRenesas Technology Corp (100%)Mitsubishi Rayon Co Ltd (99.3%)

Japan / JapanJapan / Japan

4,435.23,792.6

Nipponkoa Insurance Co Ltd (100%)Aioi Insurance Co Ltd (100%)

Japan / JapanJapan / JapanMitsui Sumitomo Ins Group Hldg

Sompo Japan Insurance Inc

Japan / AustraliaKirin Holdings Co LtdJapan / JapanShinsei Bank Ltd

Lion Nathan Ltd (53.87%)9/30/20097/29/2009

Aozora Bank Ltd (99.4%)4/27/2009

41.523

11/19/20095

18,019.4 9,269.7

15,910.5 14,830.9

6,173.7 5,601.9

35,770.8

16 561

23 9 3

17,037.0 228

5,352.75,217.6

5,787.2

Top Ten Japanese Involvement Announced Deals

Nippon Oil CorpTarget (% Sought/Acquired)Nippon Mining Holdings Inc (100%)

Rank Value (US$m)Acquiror / Target NationAcquiror

Mitsubishi Chemical Hldgs Corp

No.Deals 10/30/2009

9/16/200919

US$m5/1/2009 Sumitomo Mitsui Banking Corp

NEC Electronics Corp1

1 Davis Polk & Wardwell 12,031.2 3* 78.9 1 Sullivan & Cromwell 12,031.2 3* 78.9

Any Japanese Involvement Announced M&A

$0

$25

$50

$75

$100

$125

$150

$175

$200

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Ran

k Va

lue

(US$

b)

0

200

400

600

800

1,000

# of

Dea

ls

Q4 Volume (US$b)Q3 Volume (US$b)Q2 Volume (US$b)Q1 Volume (US$b)# of Deals

Japanese Cross Border Volume

$0

$5

$10

$15

$20

$25

$30

$35

1Q03

2Q03

3Q03

4Q03

1Q04

2Q04

3Q04

4Q04

1Q05

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3Q09

4Q09

Ran

k Va

lue

(US$

b)

020406080100120140160180200

# of

Dea

ls

Inbound (US$b) Outbound (US$b) Number of Cross Border Deals

23 of 26


20,015.86

1/1/2008 - 12/31/2008

Rank Val35.6

Rank

62,264.3

* tie* tie

42

22

12

9


3,527.8

3,417.2

5,442.4

2,414.72,395.2

Latham & Watkins

5,352.74,090.6

3,967.2

11

119

2

12

9

682,955.2

8,503.4

10468.3

US$mDeals32,058.7

Rank Value1/1/2009 - 12/31/2009

Rank Value

WilmerHale

21*

3,126.7

3,583.5

Simpson GriersonSchulte Roth & Zabel LLP

3,417.2

9.9

2

4

0.017.33

Blake Dawson

5,273.6

4,520.84,520.8

Sullivan & Cromwell


Latham & Watkins

23,473.422,870.620,674.812,835.8

31,625.827,262.925,593.023,890.8

8,197.2

10 9.011

6.38.0

11,633.810,411.1

2,167.9

Anderson Mori & Tomotsune

2,357.08,127.52,414.7

22

2.625Morrison & Foerster

Dewey & LeBoeuf LLP

Rank Val% Chg. in

-

16*

512

-

48-

88.0

4,062.2

23

9

37

13

-

10,028.6

29,040.8

1/1/2008 - 12/31/2008

3

3613,930.2 8

RankUS$mRank Value

1

3,658.8

105,395.124.2 Subtotal without Legal Advisor75.8

22,486.2543

42,597.2

2

2,3324,503.410 32 -46.8 ▼

- --67.0 ▼

TMI AssociatesPaul, Weiss


-2.6

1819

3.02.82.7

21* 2.6 1 -

46,107.7

3,967.23,417.2


TMI Associates

Nishimura & Asahi

-

Anderson Mori & TomotsuneCleary Gottlieb Steen & HamiltonStamford Law Corp

Davis Polk & WardwellMorrison & Foerster

23 2.4

212,654.8

17*3,417.2

3,028.53,393.2

20

2,432.0

73.5

- -25

2.8 1

2,063 44,704.3

160,540.12,526100.0

26.5463 115,835.8

Industry Total 129,445.8 100.0 2,875 147,992.3 84,750.5Industry Total

8,127.5 16*

-12.5

-26.6-6.9

▼▼▼

Subtotal without Legal Advisor 31,272.7Subtotal with Legal Advisor 98,173.1

25 1.924 1.9

1 -Willkie Farr & Gallagher

2.9--70.3

-▼

WilmerHale 2324

142.9 42

9,374.33.1 1

Clifford Chance

Khaitan & Co20Debevoise & Plimpton

Mallesons Stephen Jaques244.0 78

10,358.0

Herbert Smith/Gleiss Lutz/StibbeDewey & LeBoeuf LLPBlake Dawson

3,973.9

3,853.9

60

47 9,903.34,580.0

4.1 24.2

142

3 21.1

12

8 16.0 18

18.17 17.7

Shearman & Sterling LLPSullivan & Cromwell

4 19.85 18.5

SkaddenNagashima Ohno & Tsunematsu

12 24.41

4,614.9 2799 13,174.3

DealsLegal Advisor US$m Rank ShareRank Value

21,432.0Mori Hamada & Matsumoto

% Chg. in

43.8

1/1/2009 - 12/31/2009Mkt. No.

Legal Advisor US$m Rank ShareMkt. No.

25.31 42,449.510426,762.2

7 3 20.517,358.9Nagashima Ohno & Tsunematsu585.3106.9

5 59.0

922 21.356

18,075.9Nishimura & Asahi

6

715,501.0Simpson Thacher & BartlettPaul, WeissSkadden

11,127.2

8.0

17,494.9

4 18.3

167 11.2811.3

6,068.55 13.1 8

Davis Polk & Wardwell158.0 ▲

9,540.4

Baker & McKenzie 6,812.5Shearman & Sterling LLP35.0

▲ 892.4

10

179

9,469.8

5.3 -

18,929.86.2 123

15.3▲▲ 4,717.4

Stikeman Elliott5.6

111*

18.8 4,520.811*Levy & Salomao Advogados▼

13

15-37.1 ▼

▲4,520.84,026.0

28 11*▲

3.1 71,238.4

15 3.216 9,374.3

4 1,395.9

17 3.1 4 56

3

Simpson GriersonMallesons Stephen Jaques

3,795.1 34 ▲220.3

▼▲

87 11,323.1 8 -68.4

1,345.8

1.5

3.619 4.0

4.0 1

11,699.046 468.337

-

--

▼▼▲▲▲▼

▼

-

67.731-72.1-83.82

42,384.3

▼

Any Japanese Involvement Completed (AG52)Any Japanese Involvement Announced (AE51)

83.4-45.5

-49.5-32.524.6

323.7

17*561611

4.710,358.0

41

4.8

4.01,238.4

10

33 4,975.5

67 16,935.510,743.1


Japanese Rankings


3,623.19-57.6

12252.3

-6.010,073.9▲

23,894.517 16,096.4

-17.22

66-

--

▲

- -2,404.6

1454

5.315.3

▼193.0

11*15 Arnold & Porter11.1

220.3-67.0

-

-78.4

624.6-74.1

--74.1-70.3

-

-49.7-46.2-47.2

▲▲▲▲▼▲▲

-

-

▼

▲▲

▲

▼-▲▼-

▼▼▼

▼▼-▼

24 of 26

-

-

-

-

-

-JapanTomomi TeraharaTel: +813 5218 6582

-

Tel: +44 (0) 207 542 9665Victor Eng

E-mail: [email protected]


Ranking Criteria Summary

Tel: +1 646 223 8424Stephen CaseAmericas

A tender/merger transaction is considered to be effective at the time of consummation of the merger or the date on which it is declaredwholly unconditional.

League tables include rank eligible mergers, acquisitions, repurchases, spin-offs, self-tenders, minority stake purchases and debtrestructurings.

Announced league tables include all deals that were announced between January 1, 2008 and December 31, 2009 and of whichThomson Reuters was made aware. All current data and previous year's data is as of 5:00pm EST on December 31, 2009.


League tables, commentary, and charts citing announced activity are based on Rank Date and include intended, pending, partiallycomplete, completed, pending regulatory, and unconditional transactions. Rank Date is defined as the earliest public announcement ofwhen a value can be applied to a transaction.

If you would like to participate in the submissionprocess, receive quarterly press releases, or havequestions about league table criteria pleasecontact:


Financial and legal advisors receive full credit for each deal on which they provide financial or legal advisory services, unless theyrepresent minority sellers or advise on only a portion of the transaction or Thomson Reuters has not been made aware of theirparticipation in that transaction. For pending transactions, advisors to targets of multiple bids receive credit for the transaction agreed toor, in the absence of an agreement, the value of the highest offer.

Any Involvement league tables include deals where the target, acquiror, or either ultimate parent are domiciled (nation of headquarters) inthe specified region or nation.


Deals with undisclosed dollar values are rank eligible but with no corresponding Rank Value. Non-US dollar denominated transactionsare converted to the US dollar equivalent at the time of announcement of terms.

Europe

[email protected]

Asia-PacificJason PacannuayanTel: +632 858 7262E-mail:

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 contentproviders 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 Reutersdisclaims 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 notappropriate 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 orsolicitations 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 ofsecurities for or by any person in connection with this document.

© 2009 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.

25 of 26

Unsurpassed Functionality Unmatched Benefits

Thomson Worldscope Thomson Extel

Open Framework

And many more…

Thomson ONE's open framework puts you in control of your workflow. View content sets from disparate databases side by side for over60,000 domestic and global companies. You have the flexibility to integrate your own proprietary or other third party information. Simplyselect the content you’d like to view and designate how and where you want it to be displayed on your pages.

Thomson Reuters is the world’s leading source ofintelligent information for businesses andprofessionals. We combine industry expertise withinnovative technology to deliver critical informationto leading decision makers in the financial, legal, taxand accounting, scientific, healthcare and mediamarkets, powered by the world’s most trusted newsorganization. With headquarters in New York andmajor operations in London and Eagan, Minnesota,Thomson Reuters employs more than 50,000people in 93 countries. Thomson Reuters sharesare listed on the New York Stock Exchange (NYSE:TRI) and the Toronto Stock Exchange (TSX: TRI).For more information, go towww.thomsonreuters.com.

About Thomson Reuters

Global real-time and/or delayed market data

Low cost integration - reducing overall market data costs by minimizing infrastructure overhead and leveraging existing contracts.


Thomson ONE for Investment Banking

Thomson SDC

Thomson ONE is a revolutionary desktop solution that combines real-time market data and news with authoritative content from industryleading sources. Critical information that previously needed to be co-ordinated and collected from internal and external sources is now atyour finger tips in a remarkably easy-to-use format.

One Solution. One Framework

Comprehensive ContentThomson ONE Investment Banking offers you quick and easy access to quotes, earnings estimates, financial fundamentals, marketmoving news, transaction data, corporate filings, ownership profiles and research from industry leading sources:

Thomson InvestextThomson I/B/E/S

Desktop Delivery—the first fully integrated product for the investment banking community.

Thomson First Call Earnings Data

Copyright 2009 Thomson Reuters. All rights reserved.

Customize the type of content you want to receive by choosing only data that is relevant to your workflow.

Design your own layout for a personalized view of content and functional components.

View streaming market data allowing you to stay on top of market conditions.

Receive only relevant information through tailored pages for user workflow.

To purchase individual Thomson Reuters Deals or League Table reports, please contact our Thomson Reuters On Demand group:

Web: http://financial.thomsonreuters.com/ondemandEmail: [email protected]

Search across multiple databases simultaneously to receive the most in-depth and up-to-date information available.

Thomson Reuters Deals Content is the mostextensive and flexible resource available for timelyM&A and capital markets transactions. Our leadingedge products for the deal-making communityenable you to analyze the current trends in themarket and assess the changing competitivelandscape by building your own custom leaguestables and reports. Please send an email [email protected] for more information.

Thomson Reuters Deals Intelligence has launched anew site which provides the deal making communitywith easy and immediate access to ThomsonReuters' extensive range of regular research reportsand ad-hoc analyses using our industry leadingDeals and Private Equity content. Registering forthis site will ensure access to the third quarterInvestment Banking league tables as well as theWeekly Deals Scorecard, Monthly Deals Snapshotand ongoing Research reports. For moreinformation, please register atwww.thomsonreuters.com/league.

26 of 26

Download - LEGAL ADVISORS MERGERS & ACQUISITIONS REVIEWMERGERS & ACQUISITIONS REVIEW Worldwide M&A Declines 28% l Government Investments Total 17% of M&A l Private Equity At Lowest Levels Since

Top Related