Glma

GLOBAL LEGAL ADVISORY
MERGERS & ACQUISITIONS RANKINGS Q3 2012
10/01/2012
Bloomberg
Bloomberg 2012 1st 3 Qtrs
Table of Contents
Mergers & Acquisitions Legal Advisory Rankings
1 . Introduction
2. Global Market Commentary
The Bloomberg M&A Advisory League Tables are the definitive publication of M&A advisory rankings. The tables
8. Global M&A Activity

9. Global Announced Deals
rankings data is comprised of mergers, acquisitions, divestitures, spin-offs, debt-for-equity-swaps, joint ventures,
represent the top financial and legal advisors across a broad array of deal types, regions, and industry sectors.The
private placements of common equity and convertible securities, and the cash injection component of
10. Global Announced Deals

13. Cross Border Announced Deals
recapitalizations according to Bloomberg standards.
14. Global Private Equity Announced Deals

44. Disclaimer
Bloomberg M&A delivers real-time coverage of the M&A market from nine countries around the world. We provide a
global perspective and local insight into unique deal structures in various markets through a network of over 800
financial and legal advisory firms, ensuring an accurate reflection of key market trends. Our quarterly league table
rankings are a leading benchmark for legal and financial advisory performance, and DealSpace & DealBrief
newsletters provide summary highlights of weekly M&A activity and top deal trends.
Visit {NI LEAG CRL <GO>} to download copies of the final release and a full range of market specific league table
results. Type MA <GO> 96 <GO> 82 <GO> to view live rankings.
For data submissions or queries, please contact:

Contact
Phone
Fax
Email
North America
Mariana Trindade
+1-212-617-3692
+1-917-369-3965
mtrindade1@bloomberg.net
EMEA
Chong-Kul Park
+44-20-3216-4552
+44-20-7392-6672
cpark83@bloomberg.net
Asia Pacific
Hyejin Cho
+82-2-3702-1627
+82-2-3704-1827
hcho18@bloomberg.net
+55-11-3048-4669
fsimon5@bloomberg.net
LATAM
Fernando Simon
+55-11-3048-4619
General M&A queries may be submitted to: m-a@bloomberg.net
For 24 hour global customer support call
+1 212 318 2000
+44 20 7330 7500
+65 6212 1000
+81 3 3201 8900
or press the HELP key twice on the BLOOMBERG PROFESSIONAL(R) service.
MA <GO>
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MA <GO>
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1
Bloomberg
Global Review
Regional Deal Activity

Global M&A activity in the 3rd quarter dropped by more than 19.2% compared to the same period last year. U.S.
Total Volume by Industry (Q3 2012)
based firms were the most acquisitive firms with more than $213.3 billion worth of deals, accounting for more
than 45% of all deal volume.
Acquisitions involving China accounted for roughly 10.9% of deal volume with deals worth more than $50 billion,
including Chinas CNOOC Ltd $17.5 billion all cash cross-border takeover of Canadas Nexen Inc.
In the third quarter of this year, deal making in U.K. accounted for roughly 15.2% of the total global deal volume
with $70.8 billion worth of deals. This represents a decrease of more than 10.2% compared to the same period last
year.
Industry Sector Deal Activity

Acquisitions in the private equity space reached $3 billion this quarter, the highest deal volume for the last
twelve years. Coller Capitals $1.6 billion acquisition of private equity portfolio from Lloyds Banking Group was the
biggest private equity deal in the third quarter, making up 53.3% of the market share in the industry.
Activity in the Oil & Gas industry for the 3rd quarter had the highest deal volume in 2012. There were 184
transactions valued at roughly $48.3 billion during the period. The figure, however, was a significant decrease of
27.3% compared to the same period in 2011 with 226 deals valued at $66.5 billion.
The Pharmaceuticals industry experienced a significant decrease of 46.9% in deal volume from its previous
quarter, down to $12.7 billion from $23.9 billion. Compared to the same period last year, the drop in deal volume
amounted to a greater decrease of 70%. The largest deal in the industry this quarter was Canadas Valeant
Pharmaceuticals $2.4 billion takeover of U.S. Medicis Pharmaceuticals, making up 19.2% of total volume.
Financial
17%
Consumer,
Non-cyclical
17%
Communications
12%
Diversified
1%
Technology
5%
Utilities
3%
Industrial
11%
Energy
14%
Basic Materials
8%
Consumer, Cyclical
12%
Heat Map: Q3 2012 Volume by Region

North America
51%
Asia Pacific
23%
Western Europe
19%
Latin America & Carib
4%
Eastern Europe
2%
Middle East & Africa
1%
* All Q3 2012 numbers as of September 30, 2012.
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Bloomberg
Global Review
Notable Highlights
This quarters slowdown has been most pronounced in Europe, where total deal activity decreased from $190.6 billion in Q3 2011 to $170 billion. Acquisitions of
European targets accounted for about 21% of global deal volume, the continents lowest share since 2010.
In spite of the fact that acquisitions of targets located in the Americas represented 51% of global activity, this has also been the slowest third quarter for the region
since 2009, with $307 billion in aggregate deal volume.
Global M&A Quarterly Volume

1000000
4,500
9000
900000
4,000
8000
800000
3,500
7000
700000
6000
600000
5000
500000
Volume
Deal Count
300000
2000
200000
1000
100000
0
2008
Q3
2009
Q3
2010
Q3
2011
Q3
3,000
400000
e
2,500
300000
2,000
1,500
200000
1,000
100000
500
0
0
2007
Q3
0
2007
Q3
2012
Q3
EMEA M&A Quarterly Volume

4,000
Volume
600000
Deal Count
2008
Q3
2009
Q3
2010
Q3
2011
Q3
2012
Q3
APAC M&A Quarterly Volume

500000
Deal Count
3,500
Volume
300000
Deal Count
450000
3,500
3,000
250000
400000
2,000
250000
200000
1,500
150000
1,000
200000
Deal Count
300000
2,500
2,000
150000
1,500
100000
1,000
100000
500
50000
0
2007
Q3
2008
Q3
2009
Q3
2010
Q3
2011
Q3
*All Total Value figures in USD millions.

* All Q3 2012 numbers as of September 30, 2012
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2012
Q3
Total Volume (USD Mln)
350000
2,500
3,000
Deal Count
400000
3000
4000
Volume
500000
Deal Count
10000
Deal Count
Americas M&A Quarterly Volume
50000
500
0
2007
Q3
2008
Q3
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2009
Q3
2010
Q3
2011
Q3
2012
Q3
MARB <GO>
Bloomberg
Global Review
Notable Highlights
About 97% of all M&A transactions occurred in the mid-market range (below $500 million in size) while only 1 deal soared into the mega-deal category (more than
$10 billion in size), which is significantly less than the 6 announced in the same period last year.
Cash was the dominant form of payment, accounting for 82.4% of M&A volume this quarter, while 7.7% percent of all volume was comprised of all-stock payments,
a drop of more than 30% compared to the 3rd quarter of 2011. For public deals, median total value to EBITDA multiples decreased by 30.3% from 2011.
Q3 2012 Global M&A Aggregate Statistics

Public Tar get Multiples
Total Assets
Revenue
Stockholder Eqty
Book Value
Market Cap
Enterprise Value
Net Income + Deprec
EBIT
Net Income
Cashflow from Ops.
EBITDA
Income B/F XO
Free Cashflow
# Deals
581
528
546
543
506
459
397
364
349
353
337
317
246
Min - Max
.00 - 104.72
.00 - 605.45
.00 - 4246.61
.00 - 4246.61
.00 - 171.85
.00 - 37.35
.00 - 2426.53
.00 - 1678.46
.00 - 2028.14
.00 - 2834.35
.00 - 603.80
.00 - 2028.14
.00 - 3857.25
Median
0.5
0.8
1.06
1.1
1.04
0.93
8.7
9.52
13.97
6.36
5.30
13.55
15.1
Deal Type Sum m ar y

Company Takeover
Cross Border
Asset sale
Minority purchase
Private Equity
Additional Stake Purchase
Venture Capital
Majority purchase
Joint Venture
Private Placement
Tender Offer
Leveraged Buyout
Spin-off
# Deals
2640
2218
1402
1469
1397
838
855
432
214
122
102
153
38
Volum e
272.01B
221.35B
104.39B
51.23B
95.08B
82.26B
9.19B
26.43B
1.53B
7.98B
40.05B
39.19B
1.85B
Per cent
58.53
47.63
22.46
11.02
20.46
17.7
1.98
5.69
0.33
1.72
8.62
8.43
0.4
Paym ent Type Sum m ar y

Cash
Undisclosed
Stock
Cash & Stock
Cash or Stock
Cash, Stock & Debt
Cash & Debt
# Deals
3880
1741
251
132
12
6
14
Volum e
377.7B
21.02B
35.46B
21.23B
1.3B
409.97M
1.48B
Per cent
82.4
4.6
7.7
4.6
0.3
0.1
0.3
Pr em ium s Paid
0-10%
10.01-25%
25.01-50%
50.01-75%
>100%
# Deals
128
59
61
33
10
Volum e
27.2B
23.85B
46.19B
34.56B
869.85M
Per cent
11.5
10.1
19.5
14.6
0.4
Deal Size Br eak dow n

0-500M
1000.01-5000M
500.01-1000M
5000.01-10,000M
> 10,000M
# Deals
6129
87
98
7
1
Volum e
140.82B
187.69B
69.36B
49.41B
17.43B
Per cent
97.0
1.4
1.6
0.1
0.0
Cur r ent Status

Completed
Pending
Terminated
# Deals
3730
2592
18
Volum e
107.6B
357.11B
10.23B
Per cent
22.7
75.2
2.2
Cur r ent Pr em ium

0-10%
10.01-25%
# Deals
6286
17
Volum e
449.6B
5.61B
Per cent
96.8
1.2
MA <GO>
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Bloomberg
Global Review
Americas Notable Highlights
Announce Date
7/23/2012
8/6/2012
7/18/2012
8/6/2012
8/20/2012
9/10/2012
8/30/2012
9/11/2012
7/9/2012
7/2/2012
Summary
Number of Dea l s
3691
Vol ume
306.83B
Avera ge Dea l Si ze
175.73M
Avera ge Premi um
39.01%
Most Acquisitive Company
Acqui rer
New Enter As s oc
Number of Dea l s
23
Vol ume
389.89M
16.95M
Target Name
Nexen Inc
Best Buy Co Inc
Cequel Communications Hold
El Paso, Tennessee Gas Pilpeline
Coventry Health Care Inc
Oil and Gas properties
DuPont Performance Coatings Inc
Morgan Stanley Smith Barney
AMERIGROUP Corp
Elpida Memory Inc
Acquirer Name
CNOOC Ltd
Private Investor
Mgmt Group,CPPIB, BC Partners
Kinder Morgan Energy Partners LP
Aetna Inc
Plains Exploration & Production Co
The Carlyle Group LP
Morgan Stanley
WellPoint Inc
Micron Technology Inc
Total Value (mil.)

$17,431.7
$7,594.3
$6,580.0
$6,220.0
$5,590.6
$5,500.0
$4,900.0
$4,725.0
$4,462.1
$4,425.6
COUNTRY
INDUSTRY
TOP ACQUIRERS
TOP ACQUIRERS
Private Equity
$40.58
Oil Comp-Explor & Prodtn
$11.61
Venture Capital
$30.28
China
$27.51
Medical - HMO
$213.38
Canada
$30.82
Investment Companies
U.S.
$26.02
U.K.
$10.04
$15.27
Japan
TOP TARGETS
$12.06
TOP TARGETS
Oil Comp-Explor & Prodtn
$35.94
Medical - HMO
U.S.
$11.43
Pipelines
$201.39
Canada
$8.85
$32.11
U.K.
$15.40
Reatil-Consumer Electron
$7.60
Germany
$6.15
Building-Residential/Comm
$7.39
Mexico
$6.05
$-
$10
$20
$30
$40
$50
$-
Total Volume (USD Bln)
$50
$100
$150
$200
$250
* All Q3 2012 numbers as of September 30,2012.
MA <GO>
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Bloomberg
Global Review
EMEA Notable Highlights
Summary
Number of Dea l s
Vol ume
Avera ge Premi um
Acqui rer
Zhua i
Number of Dea l s
Vol ume
1923
174.40B
186.92M
18.92%
Zhongfu
48
139.52M
2.91M
Announce Date
7/4/2012
7/18/2012
9/10/2012
9/27/2012
8/30/2012
7/12/2012
7/1/2012
7/20/2012
8/15/2012
7/25/2012
Target Name
Dr Ing hcF Porsche AG
Cequel Comm Holdings LLC
Oil & Gas prop/Gulf of Mexico
Servizi A. del Comm. Estero SpA
DuPont Perf Coatings Inc
Aegis Group PLC
Lincare Holdings Inc
Asia Pacific Breweries Ltd
VimpelCom Ltd
Milton Roy, Sullair, Sundyne Corp
Acquirer Name
Volkswagen AG
Mgmt Group,CCIB,BC Part
Plains Exploration & Production Co
Cassa Depositi e Prestiti SpA
The Carlyle Group LP
Dentsu Inc
Linde AG
Heineken NV
Alfa Group
Carlyle Group LP, BC Partners Ltd
Total Value (mil.)

$8,729.9
$6,580.0
$5,500.0
$4,900.5
$4,900.0
$4,539.1
$4,403.8
$4,360.6
$3,600.0
$3,460.0
COUNTRY
INDUSTRY
TOP ACQUIRERS
TOP ACQUIRERS
Private Equity
$23.17
$50.87
U.K.
$16.85
Oil Comp-Explor&Prodtn
U.S.
$28.16
Germany
$9.96
Auto-Cars/Light Trucks
$8.80
Canada
Diversified Operations
$8.67
Netherlands
TOP TARGETS
$17.01
$14.23
$11.37
TOP TARGETS
U.S.
$11.17
Auto-Cars/Light Trucks
$9.02
U.K.
Finance-Other Services
$8.99
Germany
Telecom Services
$8.60
Cable/Satellite TV
$5
$10
$33.28
$18.84
Netherlands
$6.94
$-
$41.33
$10.66
Singapore
$15
$20
$25
$6.54
$-
$10
$20
$30
$40
$50
$60

MA <GO>
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Bloomberg
Global Review
APAC Notable Highlights
Summary
Number of Dea l s
Vol ume
Avera ge Premi um
Acqui rer
Zhua i
Number of Dea l s
Vol ume
2135
165.23B
108.27M
22.07%
Zhongfu
48
139.52M
2.91M
Announce Date
7/23/2012
9/13/2012
7/12/2012
7/2/2012
7/20/2012
8/22/2012
8/29/2012
8/13/2012
7/24/2012
8/23/2012
Target Name
Nexen Inc
Fraser and Neave Ltd
Aegis Group PLC
Elpida Memory Inc
Asia Pacific Breweries Ltd
CDMA Network Assets
Goodman Global Group Inc
Focus Media Holding Ltd
MGN Gas Network UK Ltd
Anglo American Sur SA
Acquirer Name
CNOOC Ltd
Thai Beverage PCL
Dentsu Inc
Micron Technology Inc
Heineken NV
China Telecom Corp Ltd
Daikin Industries Ltd
CE,Carlyle,P Inv,CITIC,FountainVest, CDH
CK H Ltd,CK Infra,HW Ltd,P Assets
Mitsui & Co Ltd,CNCC
Total Value (mil.)

$17,431.7
$9,191.6
$4,539.1
$4,425.6
$4,360.6
$3,876.1
$3,700.0
$3,356.8
$3,033.9
$2,800.0
COUNTRY
INDUSTRY
TOP ACQUIRERS
TOP ACQUIRERS
Brewery
$18.74
China
$18.72
Japan
$47.64
$34.91
U.S.
$10.85
Import/Export
$9.88
Thailand
Private Equity
$9.60
South Korea
TOP TARGETS
$15.22
$12.99
$8.93
TOP TARGETS
$19.69
Real Estate Oper/Development
$19.02
Brewery
$7.29
Electronic Compo-Semicon
$5
$10
Singapore
$20.73
Japan
$20.26
$18.30
U.K.
$5.01
$-
$24.52
Canada
$5.74
Telecom Services
China
$15
$20
$25
$16.30
$-
$10
$20
$30
$40
$50
$60
MA <GO>
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Bloomberg
Global M&A Activity
Regional Breakdown by Target Region/Country
Regional Breakdown by Target Region/Country

- 9/30/12
1/1/12
2012
REGION
Americas
2011
VOLUME
DEAL
VOLUME
DEAL
USD (Mln)
COUNT
USD (Mln)
COUNT
$711,140
9,421
$889,133
Asia-Pacific
ex-Japan
VOLUME
CHANGE
9,618
-20.02%
18.68%
Latin America
$83,739
774
$106,224
773
-21.17%
North America
$652,904
8,728
$795,011
8,922
-17.87%
$90,112
1,110
$77,740
1,168
15.91%
$534,561
7,484
$699,247
7,614
-23.55%
$422,095
4,671
$548,881
5,290
-23.10%
Eastern Europe
$40,819
549
$74,079
647
-44.90%
Western Europe
$348,546
3,680
$443,193
4,132
-21.36%
$151,764
1,390
$99,035
1,366
53.24%
Germany
$45,139
531
$45,372
647
-0.51%
France
$20,660
357
$82,472
589
-74.95%
$275,059
4,403
$320,109
5,419
-14.07%
$43,342
627
$83,162
725
-47.88%
$2,574
76
$3,573
65
-27.96%
$700,000
8,000
China
$99,670
1,630
$87,330
2,178
14.13%
$600,000
7,000
Hong Kong
$10,674
257
$21,605
384
-50.59%
South East Asia
$57,696
692
$53,517
797
7.81%
India
$26,727
510
$24,170
519
10.58%
$400,000
Japan
$63,854
1,210
$81,881
1,023
-22.02%
$300,000
Global
$1,474,451
19,817
$1,841,601
21,452
-19.94%
Canada
United States
EMEA
UK
Asia-Pacific ex-Japan
Australia
New Zealand
Americas
48.31%
EMEA
28.67%
Japan
4.34%
QUARTERLY VOLUME
USD (Mln)
/ #Deals
6,000
$500,000
5,000
4,000
3,000
$200,000
2,000
*Includes Mergers, Acquisitions, Divestitures, Self-tenders and Spinoffs. Excludes Open Market Transactions.
$100,000
1,000
0
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
$0
MA <GO>
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Bloomberg
M&A Legal Advisory League Tables
Global Announced Deals

Ranked by Volume
1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
MKT
MKT
SHARE
SHARE
CHANGE
RANK
Skadden Arps Slate Meagher & Flom LLP
12.6
185,301
166
13.5
(0.9)
Freshfields Bruckhaus Deringer LLP
10.3
152,095
129
9.2
1.1
Linklaters LLP
8.7
128,271
139
7.5
1.2
Simpson Thacher & Bartlett LLP
8.3
121,913
102
12.7
(4.4)
Sullivan & Cromwell LLP
7.9
115,954
93
13.9
(6.0)
Latham & Watkins LLP
7.1
104,357
188
9.7
(2.6)
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$800,000
8,000
$700,000
7,000
Clifford Chance LLP
7.1
104,104
139
38
2.3
4.8
Davis Polk & Wardwell
6.4
94,246
71
13
5.2
1.2
$600,000
6,000
5,000
6.4
94,132
198
20
3.6
2.8
$500,000
Wachtell Lipton Rosen & Katz
10
6.2
91,471
47
12.5
(6.3)
$400,000
4,000
Weil Gotshal & Manges LLP
11
6.2
90,791
104
11
5.6
0.6
$300,000
3,000
Jones Day
12
5.7
83,322
296
14
5.2
0.5
$200,000
2,000
Blake Cassels & Graydon LLP
13
5.4
78,980
111
17
4.3
1.1
$100,000
1,000
White & Case LLP
14
5.4
78,868
89
31
2.7
2.7
$0
McCarthy Tetrault LLP
15
5.3
77,430
44
59
1.4
3.9
Shearman & Sterling LLP
16
4.0
58,349
82
8.3
(4.3)
Minter Ellison
17
4.0
58,192
45
48
1.8
2.2
Allen & Overy LLP
18
3.6
53,616
124
10
6.7
(3.1)
Stikeman Elliott LLP
19
3.4
50,515
82
28
2.8
0.6
20
3.4
25
3.1
0.3
Baker & McKenzie LLP

TOTAL
50,293
153
$1,474,451
19,817
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
20
Kirkland & Ellis LLP
$1,841,601
*Total Volume represents all announced transactions in US$ millions.
MA <GO>
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9
Bloomberg
Global Announced Deals

Ranked by Deal Count
1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
Jones Day
5.7
DLA Piper LLP
MKT
MKT
SHARE
SHARE
CHANGE
RANK
83,322
296
5.2
0.5
6.4
94,132
198
3.6
2.8
7.1
104,357
188
9.7
(2.6)
2.2
32,392
181
2.1
0.1
12.6
185,301
166
13.5
(0.9)
3.4
50,293
153
12
3.1
0.3
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$800,000
8,000
$700,000
7,000
Linklaters LLP
8.7
128,271
139
7.5
1.2
Clifford Chance LLP
7.1
104,104
139
14
2.3
4.8
$600,000
6,000
5,000
2.4
35,083
136
27
2.6
(0.2)
$500,000
10
10.3
152,095
129
9.2
1.1
$400,000
4,000
Allen & Overy LLP
11
3.6
53,616
124
6.7
(3.1)
$300,000
3,000
CMS
12
0.9
13,758
113
1.5
(0.6)
$200,000
2,000
13
5.4
78,980
111
19
4.3
1.1
$100,000
1,000
Mori Hamada & Matsumoto
14
3.1
46,354
110
20
2.2
0.9
$0
15
6.2
90,791
104
14
5.6
0.6
16
8.3
121,913
102
11
12.7
(4.4)
Hogan Lovells
16
2.2
32,508
102
10
3.7
(1.5)
Gowling Lafleur Henderson LLP
18
0.6
9,452
96
84
0.9
(0.3)
19
7.9
115,954
93
18
13.9
(6.0)
20
5.4
26
2.7
2.7
White & Case LLP

TOTAL
78,868
89
$1,474,451
19,817
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
20
Nagashima Ohno & Tsunematsu
$1,841,601
*Tables based on deal count, then volume. Market share based on deal volume.
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
10
Bloomberg
Global Announced Deals - Counsel to Principals

Ranked by Volume
1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
MKT
MKT
SHARE
SHARE
CHANGE
RANK
10.1
148,565
127
9.0
1.1
9.7
143,415
149
11.7
(2.0)
Linklaters LLP
8.5
125,058
133
6.2
2.3
6.2
91,869
84
6.8
(0.6)
6.2
91,471
47
10.7
(4.5)
5.9
86,365
179
5.2
0.7
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$800,000
8,000
$700,000
7,000
5.8
86,018
98
12
4.0
1.8
5.4
80,011
72
8.6
(3.2)
$600,000
6,000
5,000
5.4
78,980
111
11
4.2
1.2
$500,000
10
5.2
77,317
43
53
1.4
3.8
$400,000
4,000
Jones Day
11
5.1
75,858
289
10
4.6
0.5
$300,000
3,000
12
4.8
70,712
61
29
2.4
2.4
$200,000
2,000
13
4.7
69,158
189
17
3.3
1.4
$100,000
1,000
Minter Ellison
14
4.0
58,192
45
38
1.8
2.2
$0
Clifford Chance LLP
15
3.6
53,060
135
33
2.0
1.6
White & Case LLP
16
3.5
51,571
69
32
2.1
1.4
Allen & Overy LLP
17
3.5
51,165
122
5.8
(2.3)
18
3.4
50,515
82
25
2.7
0.7
19
3.4
49,904
151
21
3.0
0.4
20
3.3
51
1.4
1.9
Paul Weiss Rifkind Wharton & Garrison LLP

TOTAL
48,315
59
$1,474,451
19,817
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
20
$1,841,601
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
11
Bloomberg
Global Announced Deals - Counsel to Principals

Ranked by Deal Count
1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
MKT
MKT
SHARE
SHARE
CHANGE
RANK
Jones Day
5.1
75,858
289
4.6
0.5
4.7
69,158
189
3.3
1.4
DLA Piper LLP
2.2
32,392
181
2.1
0.1
5.9
86,365
179
5.2
0.7
3.4
49,904
151
11
3.0
0.4
9.7
143,415
149
11.7
(2.0)
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$800,000
8,000
$700,000
7,000
2.4
35,083
136
23
2.6
(0.2)
Clifford Chance LLP
3.6
53,060
135
13
2.0
1.6
$600,000
6,000
5,000
8.5
125,058
133
6.2
2.3
$500,000
10
10.1
148,565
127
9.0
1.1
$400,000
4,000
Allen & Overy LLP
11
3.5
51,165
122
5.8
(2.3)
$300,000
3,000
CMS
12
0.9
13,758
113
1.5
(0.6)
$200,000
2,000
13
5.4
78,980
111
17
4.2
1.2
$100,000
1,000
14
2.3
33,747
108
17
0.9
1.4
$0
Hogan Lovells
15
2.2
32,508
102
3.7
(1.5)
16
5.8
86,018
98
15
4.0
1.8
17
0.6
9,410
93
82
0.9
(0.3)
Mayer Brown LLP
18
1.4
19,897
86
14
2.5
(1.1)
Kim & Chang
18
1.0
15,091
86
20
0.7
0.3
20
6.2
12
6.8
(0.6)

TOTAL
91,869
84
$1,474,451
19,817
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
20
Linklaters LLP
$1,841,601
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
12
Bloomberg
Cross Border Announced Deals

Ranked by Volume
1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
17.5
127,308
101
15.7
1.8
Linklaters LLP
15.5
112,808
109
12.1
3.4
14.5
105,113
90
11.1
3.4
Clifford Chance LLP
12.9
93,642
104
21
4.4
8.5
10.3
74,710
42
13.5
(3.2)
9.9
71,658
31
50
2.0
7.9
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$400,000
3,200
$350,000
2,800
Minter Ellison
7.5
54,391
15
31
3.3
4.2
7.1
51,798
48
10
6.6
0.5
$300,000
2,400
2,000
7.1
51,258
72
7.8
(0.7)
$250,000
10
6.9
49,814
86
7.7
(0.8)
$200,000
1,600
11
6.2
45,115
57
29
3.6
2.6
$150,000
1,200
Allen & Overy LLP
12
6.2
44,682
101
11.3
(5.1)
$100,000
800
13
5.9
42,561
115
17
4.9
1.0
$50,000
400
White & Case LLP
14
5.8
42,086
61
16
5.0
0.8
$0
15
5.7
41,485
33
55
1.7
4.0
King & Wood Mallesons
16
5.5
39,644
39
19
4.9
0.6
Jones Day
17
5.1
36,928
127
28
3.7
1.4
18
4.9
35,752
44
10.1
(5.2)
Cleary Gottlieb Steen & Hamilton LLP
19
4.9
35,605
20
12
5.5
(0.6)
20
4.9
34
3.0
1.9
Osler Hoskin & Harcourt LLP

TOTAL
35,406
38
$726,597
7,195
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
20
$836,072
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
13
Bloomberg
Global Private Equity Announced Deals

Ranked by Volume
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
18.0
56,955
55
9.4
8.6
18.0
56,756
53
19.0
(1.0)
14.1
44,621
43
11.9
2.2
13.7
43,380
133
6.7
7.0
11.5
36,233
71
10.6
0.9
Debevoise & Plimpton LLP
7.4
23,261
30
7.4
7.3
22,978
27
10.3
(3.0)
6.8
21,604
47
2.2
4.6
Clifford Chance LLP
6.8
21,521
45
12
5.7
1.1
10
6.7
21,012
25
23
4.6
2.1
Jones Day
11
6.5
20,620
104
22
4.6
1.9
Gibson Dunn & Crutcher LLP
12
6.5
20,423
32
52
1.9
4.6
Linklaters LLP
13
6.3
19,775
40
20
4.6
1.7
14
6.2
19,685
34
14.6
(8.4)
Fried Frank Harris Shriver & Jacobson LLP
15
5.6
17,808
18
56
1.5
4.1
16
5.5
17,474
29
14
5.4
0.1
17
5.5
17,219
19
11
6.1
(0.6)
Allen & Overy LLP
18
5.0
15,794
28
17
5.1
(0.1)
Vinson & Elkins LLP
19
4.7
14,914
33
57
1.5
3.2
20
4.3
8.3
(4.0)

TOTAL
13,674
19
$315,977
4,586
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$200,000
2,000
$160,000
1,600
$120,000
1,200
$80,000
800
$40,000
400
$0
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
2012
20
1/1/12 - 9/30/12
$439,962
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
14
Bloomberg
United States Announced Deals

Any Involvement, Ranked by Volume
1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
17.9
124,203
116
21.5
15.8
110,030
91
20.3
(4.5)
13.1
91,221
46
23.8
(10.7)
13.1
90,949
190
16
6.6
6.5
11.8
82,232
144
14.2
(2.4)
10.6
73,419
90
10
9.2
1.4
10.4
72,095
62
13
7.6
2.8
Jones Day
9.6
66,907
232
11
9.1
0.5
9.1
63,269
67
19.3
(10.2)
$250,000
2,000
White & Case LLP
10
7.9
54,960
53
25
4.1
3.8
$200,000
11
7.4
51,357
62
11.9
(4.5)
1,500
$150,000
12
5.7
39,704
48
10.5
(4.8)
$100,000
13
5.6
38,976
47
31
3.5
2.1
$50,000
14
5.6
38,929
64
9.3
(3.7)
Vinson & Elkins LLP
15
5.6
38,603
75
43
2.4
3.2
Clifford Chance LLP
16
4.8
33,647
37
58
1.7
3.1
17
4.5
31,189
47
18
6.3
(1.8)
18
4.1
28,731
44
23
4.7
(0.6)
Cravath Swaine & Moore LLP
19
4.1
28,515
36
12
8.7
(4.6)
20
4.0
34
3.3
0.7
Allen & Overy LLP

TOTAL
27,578
39
$695,812
9,480
(3.6)
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$450,000
3,500
$400,000
3,000
$350,000
2,500
$300,000
1,000
500
0
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
$0
$970,124
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
15
Bloomberg
United States Announced Deals

Any Involvement, Ranked by Deal Count
1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
Jones Day
9.6
66,907
232
13.1
90,949
190
6.6
6.5
11.8
82,232
144
14.2
(2.4)
17.9
124,203
116
21.5
(3.6)
DLA Piper LLP
3.9
27,326
111
2.7
1.2
15.8
110,030
91
20.3
(4.5)
10.6
73,419
90
9.2
1.4
Wilson Sonsini Goodrich & Rosati PC
1.9
13,184
78
2.1
(0.2)
Vinson & Elkins LLP
5.6
38,603
75
21
2.4
3.2
$250,000
2,000
10
9.1
63,269
67
14
19.3
(10.2)
$200,000
Morgan Lewis & Bockius LLP
11
2.2
14,991
66
13
6.7
(4.5)
1,500
$150,000
Paul Hastings LLP
11
1.5
10,302
66
38
1.0
0.5
$100,000
13
5.6
38,929
64
9.3
(3.7)
$50,000
14
10.4
72,095
62
17
7.6
2.8
14
7.4
51,357
62
11
11.9
(4.5)
16
3.3
23,033
61
30
3.8
(0.5)
Mayer Brown LLP
16
2.6
17,861
61
16
3.8
(1.2)
Morrison & Foerster LLP
18
2.9
20,190
60
56
3.6
(0.7)
Hogan Lovells
19
2.1
14,859
59
4.5
(2.4)
20
2.0
24
1.4
0.6
McDermott Will & Emery LLP

TOTAL
14,015
54
$695,812
9,480
0.5
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$450,000
3,500
$400,000
3,000
$350,000
2,500
$300,000
1,000
500
0
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
$0
20
9.1
$970,124
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
16
Bloomberg
US Announced Deals - Counsel to Principals

1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
14.8
103,153
104
20.9
(6.1)
13.1
91,221
46
20.2
(7.1)
12.5
86,831
75
11.6
0.9
9.9
68,646
84
10
6.3
3.6
Jones Day
9.5
66,287
227
7.9
1.6
9.5
65,975
182
12
6.1
3.4
9.2
64,239
135
7.1
2.1
7.0
48,560
52
29
2.8
4.2
5.7
39,704
48
10.4
(4.7)
$250,000
2,000
Vinson & Elkins LLP
10
5.4
37,740
73
38
2.4
3.0
$200,000
Clifford Chance LLP
11
4.7
32,833
36
66
1.2
3.5
1,500
$150,000
12
4.5
31,189
47
11
6.2
(1.7)
$100,000
13
4.4
30,916
49
11.6
(7.2)
$50,000
White & Case LLP
14
4.0
27,663
34
26
2.9
1.1
Allen & Overy LLP
15
4.0
27,578
39
33
2.6
1.4
DLA Piper LLP
16
3.9
27,326
111
31
2.7
1.2
17
3.9
26,963
41
20
4.3
(0.4)
Baker Botts LLP
18
3.6
24,926
37
37
2.4
1.2
A&L Goodbody Solicitors
19
3.6
24,698
91
0.6
3.0
20
3.5
15
5.3
(1.8)

TOTAL
24,027
30
$695,812
9,480
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$450,000
3,500
$400,000
3,000
$350,000
2,500
$300,000
1,000
500
0
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
$0
$970,124
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
17
Bloomberg
US Announced Deals - Counsel to Principals

1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
Jones Day
9.5
66,287
227
7.9
1.6
9.5
65,975
182
6.1
3.4
9.2
64,239
135
7.1
2.1
DLA Piper LLP
3.9
27,326
111
2.7
1.2
14.8
103,153
104
20.9
(6.1)
9.9
68,646
84
6.3
3.6
1.7
12,061
77
2.1
(0.4)
12.5
86,831
75
11.6
0.9
Vinson & Elkins LLP
5.4
37,740
73
16
2.4
3.0
$250,000
2,000
Morgan Lewis & Bockius LLP
10
2.2
14,991
66
10
6.7
(4.5)
$200,000
Paul Hastings LLP
10
1.5
10,302
66
34
0.7
0.8
1,500
$150,000
Mayer Brown LLP
12
2.6
17,839
60
13
3.8
(1.2)
$100,000
13
3.3
22,643
59
24
3.8
(0.5)
$50,000
Hogan Lovells
13
2.1
14,859
59
4.4
(2.3)
$0
15
2.7
18,725
54
54
2.5
0.2
Ropes & Gray LLP
16
1.7
11,581
53
20
2.5
(0.8)
17
7.0
48,560
52
27
2.8
4.2
17
2.0
13,895
52
35
1.1
0.9
19
2.2
15,470
51
11
2.8
(0.6)
20
3.3
27
2.2
1.1

TOTAL
23,214
50
$695,812
9,480
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$450,000
3,500
$400,000
3,000
$350,000
2,500
$300,000
1,000
500
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
$970,124
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
18
Bloomberg
Canada Announced Deals

RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
27.5
42,646
91
27.1
0.4
22.2
34,376
68
10
10.6
11.6
21.2
32,935
58
17.1
4.1
Burnet Duckworth & Palmer LLP
15.8
24,512
100
0.2
15.6
15.6
24,143
10
15
6.4
9.2
Norton Rose LLP
14.3
22,257
24
14.6
(0.3)
14.0
21,662
35
16.9
(2.9)
Herbert Smith LLP
12.3
19,115
12.3
11.5
17,792
124
0.0
11.5
Fasken Martineau DuMoulin LLP
10
11.4
17,684
37
32
3.6
7.8
11
11.3
17,501
31
3.7
7.6
12
11.2
17,443
13
19.7
(8.5)
13
11.2
17,432
27
3.9
7.3
Richard A Shaw Professional Corp
13
11.2
17,432
11.2
Bennett Jones LLP
15
10.8
16,682
17
103
0.1
10.7
Torys LLP
16
9.1
14,136
22
20.1
(11.0)
Linklaters LLP
17
8.4
13,018
55
0.9
7.5
18
7.4
11,418
16
6.0
1.4
Davies Ward Phillips & Vineberg LLP
19
6.9
10,687
18
12
8.5
(1.6)
20
6.8
46
1.7
5.1

TOTAL
10,565
$155,166
1,693
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$100,000
700
600
$80,000
500
$60,000
400
300
$40,000
200
$20,000
100
$0
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
2012
20
1/1/12 - 9/30/12
$147,061
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
19
Bloomberg
Canada Announced Deals

RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
42,646
91
2.7
4,234
87
22.2
34,376
68
21.2
32,935
11.4
Norton Rose LLP
MKT
MKT
SHARE
SHARE
CHANGE
27.1
0.4
5.4
(2.7)
10.6
11.6
58
17.1
4.1
17,684
37
3.6
7.8
14.0
21,662
35
16.9
(2.9)
14.3
22,257
24
10
14.6
(0.3)
Torys LLP
9.1
14,136
22
20.1
(11.0)
Borden Ladner Gervais LLP
1.6
2,420
20
2.0
(0.4)
Davies Ward Phillips & Vineberg LLP
10
6.9
10,687
18
8.5
(1.6)
Bennett Jones LLP
11
10.8
16,682
17
48
0.1
10.7
12
5.2
8,004
16
13
14.1
(8.9)
Cassels Brock & Blackwell LLP
12
2.8
4,329
16
11
4.9
(2.1)
Fraser Milner Casgrain LLP
12
1.4
2,233
16
20
2.8
(1.4)
15
6.1
9,431
15
17
11.6
(5.5)
16
11.2
17,443
13
20
19.7
(8.5)
16
2.1
3,221
13
16
1.6
0.5
Heenan Blaikie LLP
18
0.8
1,229
11
36
3.5
(2.7)
19
15.6
24,143
10
31
6.4
9.2
20
8.4
64
0.9
7.5
Linklaters LLP
TOTAL
27.5
RANK
13,018
$155,166
1,693
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$100,000
700
600
$80,000
500
$60,000
400
300
$40,000
200
$20,000
100
$0
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
2012
20
1/1/12 - 9/30/12
$147,061
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
20
Bloomberg
Brazil Announced Deals

1/1/12 - 9/30/12
2012
RANK
FIRM
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
30.9
14,103
36
Souza Cescon Barrieu & Flesch Advogados
25.8
11,777
23
23.1
10,546
Pinheiro Neto Advogados
18.5
8,474
16.5
Jones Day
Uria Menendez Abogados SLP
SHARE
SHARE
CHANGE
13.1
17.8
7.8
18.0
12.1
11.0
33
14.0
4.5
7,561
14
3.3
13.2
15.0
6,845
38
0.4
14.6
13.6
6,209
42
0.1
Lefosse Advogados
9.5
4,321
15
11
Machado Meyer Sendacz e Opice Advogados
6.6
3,007
34
10
6.3
2,871
8.3
(2.0)
Linklaters LLP
11
6.2
2,826
27
0.9
5.3
Barbosa Mussnich & Aragao
12
5.4
2,462
22
42.7
(37.3)
$20,000
Ulhoa Canto Rezende e Guerra Advogados
13
5.1
2,307
5.1
$10,000
14
3.9
1,765
24
1.3
2.6
$0
Hogan Lovells
15
3.6
1,660
Tozzini Freire Teixeira E Silva
16
3.2
1,472
19
4.9
(1.7)
17
2.7
1,237
19
2.5
0.2
Pellerano & Herrera
17
2.7
1,237
2.7
Sidley Austin LLP
19
2.2
1,000
2.2
20
2.1
18
2.6

TOTAL
942
$45,714
496
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$70,000
240
13.5
$60,000
200
4.0
5.5
$50,000
17.9
(11.3)
$40,000
3.6
160
120
$30,000
80
40
0
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
MKT
MKT
20
Mattos Filho Veiga Filho Marrey Jr e Quiroga Advogados
2011
(0.5)
$79,361
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
21
Bloomberg
Europe Announced Deals

1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
22.3
132,309
110
Linklaters LLP
20.4
120,953
Clifford Chance LLP
16.0
94,808
13.0
Minter Ellison
RANK
MKT
MKT
SHARE
SHARE
CHANGE
18.8
124
16.9
3.5
113
12
5.9
10.1
77,143
54
10.5
2.5
11.5
67,993
18
68
0.9
10.6
10.4
61,536
27
13.8
(3.4)
9.0
53,567
27
3.3
3.5
5.7
QUARTERLY VOLUME
USD (Mln)
$320,000
7.8
46,127
29
6.9
0.9
Allen & Overy LLP
7.5
44,386
97
12.5
(5.0)
$200,000
White & Case LLP
10
6.9
40,677
46
10
6.1
0.8
$160,000
11
6.4
37,798
66
7.3
(0.9)
$120,000
12
5.9
34,635
30
50
1.9
4.0
$80,000
13
5.5
32,702
17
20
4.9
0.6
$40,000
14
5.3
31,428
73
22
4.2
1.1
$0
15
5.1
30,120
25
16
5.4
(0.3)
Hengeler Mueller
16
4.9
29,018
42
24
3.7
1.2
Bennett Jones LLP
17
4.4
26,059
4.4
18
4.4
25,836
11
15
5.7
(1.3)
19
4.2
24,705
28
3.3
0.9
20
4.1
75
0.6
3.5
24,520
$592,227
5,827
2,000
1,600
1,200
800
400
0
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
TOTAL
2,400
$280,000
$240,000
Greenberg Traurig LLP
/ #Deals
$708,786
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
22
Bloomberg
Europe Announced Deals

1/1/12 - 9/30/12
2012
RANK
FIRM
Linklaters LLP
Jones Day
Clifford Chance LLP
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
20.4
120,953
124
16.9
3.8
22,683
115
2.6
1.2
16.0
94,808
113
5.9
10.1
22.3
132,309
110
18.8
3.5
CMS
2.3
13,758
110
4.0
(1.7)
Allen & Overy LLP
7.5
44,386
97
12.5
(5.0)
DLA Piper LLP
3.9
22,955
86
3.0
3.5
0.9
QUARTERLY VOLUME
USD (Mln)
$320,000
5.3
31,428
73
13
4.2
1.1
6.4
37,798
66
7.3
(0.9)
$200,000
Hogan Lovells
10
4.1
24,351
59
5.8
(1.7)
$160,000
11
13.0
77,143
54
12
10.5
2.5
$120,000
Ashurst LLP
12
2.4
14,147
47
18
5.2
(2.8)
$80,000
White & Case LLP
13
6.9
40,677
46
10
6.1
0.8
$40,000
Mayer Brown LLP
14
2.6
15,430
43
11
2.8
(0.2)
Hengeler Mueller
15
4.9
29,018
42
22
3.7
1.2
16
3.0
17,662
37
46
7.2
(4.2)
Norton Rose LLP
17
2.2
13,126
35
16
2.7
(0.5)
18
5.9
34,635
30
17
1.9
4.0
19
7.8
46,127
29
13
6.9
0.9
19
0.2
20
0.3
(0.1)
TOTAL
1,059
29
$592,227
5,827
2,400
$280,000
$240,000
Olswang
/ #Deals
2,000
1,600
1,200
800
400
0
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
$0
$708,786
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
23
Bloomberg
Europe Announced Deals - Counsel to Principals

1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
21.8
128,780
108
18.3
3.5
Linklaters LLP
19.9
117,741
118
13.5
6.4
12.8
76,004
52
8.6
4.2
11.5
67,993
18
67
0.9
10.6
Minter Ellison
9.0
53,567
24
3.3
5.7
7.5
44,617
22
6.5
1.0
Clifford Chance LLP
7.5
44,606
111
14
5.1
2.4
QUARTERLY VOLUME
USD (Mln)
$320,000
7.5
44,386
97
11.0
(3.5)
7.2
42,594
28
6.8
0.4
$200,000
White & Case LLP
10
6.7
39,863
44
16
4.6
2.1
$160,000
11
6.4
37,798
65
13
5.1
1.3
$120,000
12
5.5
32,702
17
27
3.0
2.5
$80,000
13
5.3
31,428
73
19
4.2
1.1
$40,000
14
5.0
29,348
22
15
4.8
0.2
$0
Hengeler Mueller
15
4.9
29,018
42
21
3.7
1.2
Bennett Jones LLP
16
4.4
26,059
4.4
17
4.3
25,157
17
4.3
18
4.2
24,705
25
3.3
0.9
Hogan Lovells
19
4.1
24,351
59
5.7
(1.6)
20
3.9
30
3.0
0.9
22,955
86
$592,227
5,827
2,000
1,600
1,200
800
400
0
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
Allen & Overy LLP
TOTAL
2,400
$280,000
$240,000
DLA Piper LLP
/ #Deals
$708,786
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
24
Bloomberg
Europe Announced Deals - Counsel to Principals

1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
Linklaters LLP
19.9
117,741
118
13.5
6.4
Jones Day
3.8
22,683
114
2.2
1.6
Clifford Chance LLP
7.5
44,606
111
5.1
2.4
CMS
2.3
13,758
110
4.0
(1.7)
21.8
128,780
108
18.3
3.5
Allen & Overy LLP
7.5
44,386
97
11.0
(3.5)
DLA Piper LLP
3.9
22,955
86
3.0
0.9
QUARTERLY VOLUME
USD (Mln)
$320,000
5.3
31,428
73
12
4.2
1.1
6.4
37,798
65
5.1
1.3
$200,000
Hogan Lovells
10
4.1
24,351
59
5.7
(1.6)
$160,000
11
12.8
76,004
52
15
8.6
4.2
$120,000
Ashurst LLP
12
2.3
13,429
45
18
3.6
(1.3)
$80,000
White & Case LLP
13
6.7
39,863
44
10
4.6
2.1
$40,000
Mayer Brown LLP
14
2.6
15,430
43
11
2.8
(0.2)
Hengeler Mueller
15
4.9
29,018
42
21
3.7
1.2
16
3.0
17,662
37
45
7.2
(4.2)
Norton Rose LLP
17
1.9
11,270
31
16
1.6
0.3
Olswang
18
0.2
1,059
29
20
0.3
(0.1)
19
7.2
42,594
28
13
6.8
0.4
19
3.0
16
1.9
1.1
TOTAL
17,785
28
$592,227
5,827
2,400
$280,000
$240,000
/ #Deals
2,000
1,600
1,200
800
400
0
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
$0
$708,786
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
25
Bloomberg
United Kingdom Announced Deals

1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
Linklaters LLP
30.2
78,718
64
28.7
74,615
Clifford Chance LLP
24.9
64,864
19.6
Minter Ellison
RANK
MKT
MKT
SHARE
SHARE
CHANGE
22.0
8.2
41
24.8
3.9
42
24
5.3
19.6
51,110
74
0.5
19.1
17.9
46,713
17
6.3
11.6
12.9
33,678
16
16
6.5
6.4
10.8
28,000
23
9.5
1.3
$120,000
10.2
26,672
13
10.6
(0.4)
$100,000
9.9
25,803
13
10
9.5
0.4
$80,000
Allen & Overy LLP
10
9.2
23,831
39
19.2
(10.0)
11
8.0
20,749
32
4.8
3.2
QUARTERLY VOLUME
USD (Mln)
$140,000
12
7.9
20,462
16
12
9.0
(1.1)
Slaughter & May
13
7.1
18,481
25
11.7
(4.6)
$20,000
14
5.2
13,525
18
36
3.0
2.2
15
4.9
12,661
12
22
5.5
(0.6)
16
4.8
12,440
33
3.7
1.1
17
4.7
12,184
20
5.7
(1.0)
18
4.4
11,546
20
21
5.7
(1.3)
Allens Arthur Robinson
19
3.9
10,055
19
6.0
(2.1)
20
3.7
27
5.2
(1.5)
9,682
$260,439
2,254
600
$60,000
TOTAL
1,000
800
$40,000
/ #Deals
400
200
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
$0
$270,149
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
26
Bloomberg
United Kingdom Announced Deals

1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
Linklaters LLP
30.2
78,718
64
22.0
8.2
DLA Piper LLP
3.1
8,113
54
6.0
(2.9)
Jones Day
1.5
3,949
45
2.5
(1.0)
Clifford Chance LLP
24.9
64,864
42
12
5.3
19.6
28.7
74,615
41
24.8
3.9
Allen & Overy LLP
9.2
23,831
39
19.2
(10.0)
CMS
1.8
4,638
34
6.8
(5.0)
$120,000
Olswang
0.4
1,059
28
10
0.6
(0.2)
$100,000
Ashurst LLP
1.8
4,596
26
19
7.8
(6.0)
$80,000
Slaughter & May
10
7.1
18,481
25
11.7
(4.6)
Hogan Lovells
11
2.2
5,834
24
12.7
(10.5)
QUARTERLY VOLUME
USD (Mln)
$140,000
12
10.8
28,000
23
14
9.5
1.3
Norton Rose LLP
12
3.2
8,429
23
14
3.6
(0.4)
$20,000
Mayer Brown LLP
14
0.9
2,443
21
14
3.0
(2.1)
$0
15
4.4
11,546
20
17
5.7
(1.3)
16
5.2
13,525
18
11
3.0
2.2
17
12.9
33,678
16
6.5
6.4
17
7.9
20,462
16
22
9.0
(1.1)
Herbert Smith LLP
19
1.9
4,927
15
119
0.0
1.9
20
10.2
27
10.6
(0.4)
26,672
13
$260,439
2,254
600
$60,000
TOTAL
1,000
800
$40,000
/ #Deals
400
200
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
$270,149
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
27
Bloomberg
Germany Announced Deals

1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
CMS
12.8
9,082
48
5.4
7.4
32.6
23,179
40
39.3
(6.7)
Hengeler Mueller
38.2
27,134
38
31.4
6.8
Clifford Chance LLP
10.6
7,533
37
10.3
0.3
Jones Day
9.7
6,884
29
1.9
7.8
7.3
5,172
21
20.8
(13.5)
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$80,000
400
$70,000
350
Hogan Lovells
23.9
17,003
18
14
0.3
23.6
Allen & Overy LLP
17.0
12,040
18
29.8
(12.8)
$60,000
300
250
5.9
4,166
17
24
2.2
3.7
$50,000
Linklaters LLP
10
14.3
10,122
16
25.9
(11.6)
$40,000
200
DLA Piper LLP
11
0.3
240
10
0.6
(0.3)
$30,000
150
Eversheds LLP
12
0.4
284
31
6.1
(5.7)
$20,000
100
Ashurst LLP
12
0.3
180
12
9.4
(9.1)
$10,000
50
14
7.1
5,066
11
9.7
(2.6)
$0
14
2.8
2,001
14
5.6
(2.8)
Noerr Stiefenhofer Lutz
16
2.4
1,676
68
0.0
2.4
White & Case LLP
17
17.3
12,259
10
3.1
14.2
17
8.1
5,778
47
0.0
8.1
Willkie Farr & Gallagher LLP
17
6.2
4,404
18
0.7
5.5
17
0.0
Bird & Bird Services Ltd

TOTAL
25
$71,029
902
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
20
$80,976
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
28
Bloomberg
France Announced Deals

1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
Jones Day
8.5
De Pardieu Brocas Maffei
Clifford Chance LLP
RANK
MKT
MKT
SHARE
SHARE
CHANGE
5,556
22
4.3
4.2
1.0
665
19
1.9
(0.9)
2.0
1,311
18
9.8
(7.8)
15.9
10,434
17
8.3
7.6
Linklaters LLP
17.9
11,754
16
35.9
(18.0)
CMS
0.0
16
1.4
(1.4)
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$80,000
400
$70,000
350
5.0
3,270
14
17
6.7
(1.7)
7.1
4,690
13
11.5
(4.4)
$60,000
300
250
1.0
626
13
3.9
(2.9)
$50,000
Bredin Prat
10
5.7
3,754
12
19.8
(14.1)
$40,000
200
Allen & Overy LLP
11
4.2
2,734
10
11
15.2
(11.0)
$30,000
150
12
15.9
10,430
17
4.8
11.1
$20,000
100
12
4.0
2,644
14
9.4
(5.4)
$10,000
50
Hogan Lovells
12
2.0
1,324
13
1.5
0.5
Dechert LLP
15
2.6
1,695
31
0.4
2.2
Paul Hastings LLP
16
0.1
32
15
2.1
(2.0)
DLA Piper LLP
16
0.0
38
1.1
(1.1)
White & Case LLP
16
0.0
10
2.9
(2.9)
Amarchand Mangaldas & Suresh A Shroff & Co
19
0.7
486
45
0.3
0.4
19
0.7
20
6.6
(5.9)
TOTAL
488
$65,748
750
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
$0
20
Mayer Brown LLP
$146,842
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
29
Bloomberg
Italy Announced Deals

1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
Chiomenti Studio Legale
4.6
1,074
21
11.5
(6.9)
Linklaters LLP
20.4
4,750
9.1
11.3
Jones Day
5.8
1,349
1.0
4.8
CMS
0.1
21
0.1
Bonelli Erede Pappalardo
3.6
843
29.7
(26.1)
Clifford Chance LLP
2.6
602
8.3
(5.7)
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$32,000
160
$28,000
140
Allen & Overy LLP
1.4
313
14
0.0
1.4
DLA Piper LLP
0.9
200
0.1
0.8
$24,000
120
(6.6)
$20,000
100
Dewey & LeBoeuf LLP
0.0
12
6.6
0.0
$16,000
80
Portolano Cavallo Studio Legale
0.0
33
0.0
$12,000
60
12
4.0
927
24.9
(20.9)
$8,000
40
Paul Hastings LLP
12
2.9
678
23
8.0
(5.1)
$4,000
20
White & Case LLP
14
5.7
1,331
14
4.9
1,147
14
13.6
(8.7)
14
2.2
507
16
0.9
1.3
Barbosa Mussnich & Aragao
14
0.9
201
0.9
14
0.0
16
0.0
14
0.0
26.2
(26.2)
14
0.0
23
0.2
(0.2)

TOTAL
$23,273
256
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
$0
20
5.7
$31,704
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
30
Bloomberg
Benelux Announced Deals

RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
Allen & Overy LLP
11.0
11,891
29
13.3
33.7
36,532
20
4.2
29.5
CMS
0.1
82
20
2.5
(2.4)
Houthoff Buruma
1.8
1,953
18
13
0.5
1.3
Linklaters LLP
9.6
10,469
17
18.6
(9.0)
DLA Piper LLP
0.5
572
14
0.7
(0.2)
5.3
5,706
13
14
5.3
De Brauw Blackstone Westbroek NV
3.5
3,745
13
11
0.8
2.7
Clifford Chance LLP
5.5
6,010
12
4.9
0.6
0.4
380
12
37
9.6
(9.2)
Jones Day
11
1.5
1,614
11
10
1.7
(0.2)
Hogan Lovells
11
0.5
543
11
6.8
(6.3)
NautaDutilh NV
11
0.1
102
11
19.5
(19.4)
14
24.2
26,282
15
15.4
8.8
White & Case LLP
14
4.0
4,374
19
0.8
3.2
14
2.0
2,152
19
1.9
0.1
17
2.7
2,904
15
4.5
(1.8)
18
6.5
7,026
25
0.3
6.2
Norton Rose LLP
18
3.9
4,191
11
2.8
1.1
18
3.3
3.3
Stibbe
TOTAL
3,533
$108,541
694
(2.3)
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$60,000
280
$50,000
240
200
$40,000
160
$30,000
120
$20,000
80
$10,000
40
$0
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
2012
20
1/1/12 - 9/30/12
$97,638
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
31
Bloomberg
Iberia Announced Deals

1/1/12 - 9/30/12
2012
RANK
FIRM
Uria Menendez Abogados SLP
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
23.9
8,158
17
13.2
10.7
Linklaters LLP
31.3
10,692
11
16.7
14.6
Cuatrecasas Goncalves Pereira
2.1
714
7.6
(5.5)
Jones Day
0.7
224
0.3
0.4
21.0
7,166
21.7
(0.7)
4.8
1,641
32
1.2
3.6
Allen & Overy LLP
1.5
494
7.4
(5.9)
$30,000
Gomez-Acebo & Pombo Abogados SLP
0.8
274
1.9
(1.1)
$25,000
Clifford Chance LLP
0.4
131
17.8
(17.4)
$20,000
Ashurst LLP
10
1.9
657
20
0.0
1.9
Hogan Lovells
11
5.3
1,820
11
0.0
5.3
QUARTERLY VOLUME
USD (Mln)
$35,000
11
2.1
703
2.1
11
0.0
12
6.7
(6.7)
$5,000
DLA Piper LLP
14
0.5
185
0.1
0.4
Khaitan & Co
14
0.0
32
0.0
Pinheiro Neto Advogados
16
15.9
5,431
14
4.5
11.4
Lefosse Advogados
16
5.5
1,893
5.5
16
4.1
1,412
4.1
16
4.1
1,414
32
4.0
0.1
16
2.6
2.6
888
$34,137
233
120
$15,000
TOTAL
200
160
$10,000
/ #Deals
80
40
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
$0
$60,479
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
32
Bloomberg
Nordic Announced Deals

RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
Advokatfirmaet Schjodt AS
1.0
514
16
Linklaters LLP
15.6
8,411
15
8.2
7.4
White & Case LLP
10.5
5,673
14
21.3
(10.8)
Clifford Chance LLP
24.1
12,956
13
12
7.9
16.2
20.1
10,831
12
27.4
(7.3)
Allen & Overy LLP
4.7
2,551
12
8.4
(3.7)
Advokatfirman Vinge KB
0.9
485
12
6.3
(5.4)
Mannheimer Swartling AB
0.2
124
12
11
0.2
LAWIN
0.6
310
11
27
0.1
0.5
SORAINEN
10
2.1
1,142
10
12
0.3
1.8
Hannes Snellman Advokatbyra Ab/FI
11
8.3
4,466
2.2
6.1
Ashurst LLP
11
3.3
1,757
12.7
(9.4)
11
0.1
47
0.1
14
4.2
2,259
34
0.0
4.2
Hengeler Mueller
15
6.9
3,708
27
4.9
2.0
Advokatfirmaet Thommessen AS
16
1.9
1,001
1.9
17
24.0
12,910
20.4
3.6
17
10.8
5,829
34
26.3
(15.5)
Jones Day
19
0.9
460
0.6
0.3
20
13.7
27
0.1
13.6

TOTAL
7,381
$53,839
749
1.2
(0.2)
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$60,000
350
$50,000
300
250
$40,000
200
$30,000
150
$20,000
100
$10,000
50
$0
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
2012
20
1/1/12 - 9/30/12
$101,846
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
33
Bloomberg
Eastern Europe Announced Deals

1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
Allen & Overy LLP
6.0
2,926
18
15
2.8
3.2
Clifford Chance LLP
4.3
2,104
16
9.9
(5.6)
CMS
0.2
107
14
4.4
(4.2)
Linklaters LLP
8.7
4,228
12
9.5
(0.8)
LAWIN
0.0
11
12
1.6
(1.6)
20.7
10,063
11
20
3.2
17.5
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$80,000
320
$70,000
280
White & Case LLP
9.8
4,767
10
3.1
6.7
Salans & Associes SCP
1.8
888
10
12
0.4
1.4
$60,000
240
200
YukselKarkinKucuk Attorney Partnership
0.6
300
38
0.1
0.5
$50,000
SORAINEN
0.1
23
0.2
(0.1)
$40,000
160
Kinstellar/Romania
0.0
$30,000
120
Hogan Lovells
12
2.4
1,157
0.7
1.7
$20,000
80
13
2.1
996
5.9
(3.8)
$10,000
40
DLA Piper LLP
14
4.1
1,994
5.1
(1.0)
$0
Akin Gump Strauss Hauer & Feld LLP
15
4.6
2,233
12
6.2
(1.6)
15
0.4
173
10.7
(10.3)
Raidla Lejins & Norcous
15
0.0
17
0.7
(0.7)
18
8.3
4,040
24
2.5
5.8
Jones Day
18
1.1
514
15
3.7
(2.6)
20
5.1
Anderson Mori & Tomotsune

TOTAL
2,485
$48,523
644
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
5.1
$87,464
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
34
Bloomberg
Asia Pacific Ex-Japan Announced Deals

1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
8.4
31,233
29
16
4.6
3.8
7.2
26,890
15
90
0.3
6.9
6.7
24,984
14
27
2.8
3.9
WongPartnership LLP
6.6
24,522
49
37
2.0
4.6
6.1
22,837
6.1
6.1
22,662
11
78
0.4
5.7
5.8
21,537
25
13
5.1
5.7
21,481
34
5.5
20,744
35
10
5.3
19,948
Herbert Smith LLP
11
5.3
19,890
12
5.3
13
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$280,000
2,800
0.7
$240,000
2,400
2.2
3.5
$200,000
2,000
2.0
3.5
$160,000
1,600
48
1.2
4.1
212
0.0
5.3
$120,000
1,200
19,640
71
14
4.8
0.5
$80,000
800
5.0
18,633
23
3.7
1.3
$40,000
400
14
4.7
17,688
76
0.5
4.2
$0
15
4.7
17,432
4.7
Stamford Law Corp
16
4.6
17,012
14
159
0.0
4.6
Kim & Chang
17
4.0
15,075
85
29
2.7
1.3
O'Melveny & Myers LLP
18
3.9
14,572
110
0.2
3.7
Allen & Overy LLP
19
3.5
13,241
31
10.3
(6.8)
20
3.5
18
4.3
(0.8)
Ashurst LLP
TOTAL
13,148
28
$374,179
5,189
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
$431,640
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
35
Bloomberg
Asia Pacific Ex-Japan Announced Deals

1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
Kim & Chang
4.0
15,075
85
2.7
1.3
5.3
19,640
71
4.8
0.5
Lee & Ko
2.6
9,657
63
4.0
(1.4)
2.5
9,434
60
9.2
(6.7)
Allen & Gledhill
3.0
11,168
50
2.7
0.3
WongPartnership LLP
6.6
24,522
49
2.0
4.6
Freehills
2.9
10,739
40
10
7.8
Clifford Chance LLP
1.9
7,125
39
25
AZB & Partners
1.4
5,347
38
Minter Ellison
0.6
2,098
38
Norton Rose LLP
11
2.6
9,582
Khaitan & Co
11
0.4
13
DLA Piper LLP
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$280,000
2,800
(4.9)
$240,000
2,400
0.8
1.1
$200,000
2,000
2.9
(1.5)
$160,000
1,600
6.1
(5.5)
34
18
4.3
(1.7)
$120,000
1,200
1,546
34
15
0.9
(0.5)
$80,000
800
2.7
10,051
33
11
10.0
(7.3)
$40,000
400
14
0.3
1,128
32
14
1.8
(1.5)
$0
Allen & Overy LLP
15
3.5
13,241
31
16
10.3
(6.8)
16
8.4
31,233
29
18
4.6
3.8
Ashurst LLP
17
3.5
13,148
28
21
4.3
(0.8)
Linklaters LLP
17
3.2
12,133
28
20
5.3
(2.1)
Jones Day
17
2.5
9,348
28
11
2.8
(0.3)
17
0.9
41
0.9

TOTAL
3,474
28
$374,179
5,189
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
$431,640
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
36
Bloomberg
Australia & New Zealand Announced Deals

RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
8.5
5,691
41
24.1
Freehills
16.0
10,739
40
23.3
(7.3)
Minter Ellison
3.1
2,098
38
17.3
(14.2)
6.7
4,511
30
7.3
(0.6)
14.8
9,944
28
32.4
(17.6)
Gilbert + Tobin
12.3
8,286
26
10
12.8
(0.5)
Clayton Utz
7.8
5,225
25
22.9
(15.1)
DLA Piper LLP
1.2
837
22
14
0.1
1.1
Norton Rose LLP
3.7
2,507
21
6.4
(2.7)
Corrs Chambers Westgarth
10
2.8
1,905
18
17.4
(14.6)
Ashurst LLP
11
7.9
5,322
16
5.9
2.0
Allen & Overy LLP
12
3.4
2,289
12
10
19.8
(16.4)
Clifford Chance LLP
13
3.7
2,477
11
15
0.4
3.3
HopgoodGanim Lawyers
14
0.9
634
10
19
0.4
0.5
Jones Day
15
0.1
33
13
4.4
(4.3)
16
4.9
3,312
27
6.6
(1.7)
16
3.4
2,308
19
1.2
2.2
16
1.5
980
17
1.5
Linklaters LLP
19
6.2
4,137
27
1.4
4.8
19
5.2
19
21.4
(16.2)

TOTAL
3,496
$67,267
965
(15.6)
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$100,000
450
400
$80,000
350
300
$60,000
250
200
$40,000
150
100
$20,000
50
$0
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
2012
20
1/1/12 - 9/30/12
$133,424
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
37
Bloomberg
Japan Announced Deals

RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
28.8
35,075
135
33.8
(5.0)
38.1
46,354
110
26.8
11.3
Nishimura & Asahi
20.2
24,551
69
13.2
7.0
5.2
6,341
23
11
1.6
3.6
Anderson Mori & Tomotsune
13.7
16,713
21
18.5
(4.8)
Kim & Chang
0.9
1,061
17
0.3
0.6
7.5
9,132
15
8.8
(1.3)
8.0
9,776
14
11.2
(3.2)
Jones Day
8.7
10,636
13
0.9
7.8
White & Case LLP
4.4
5,305
13
25
10.1
(5.7)
Lee & Ko
0.2
251
13
18
0.1
0.1
Clifford Chance LLP
12
3.5
4,286
11
18
1.1
2.4
13
7.9
9,677
10
27.7
(19.8)
14
4.5
5,476
18
2.3
2.2
15
9.6
11,629
14
18.1
(8.5)
Linklaters LLP
16
4.3
5,193
13
2.5
1.8
Oh-Ebashi LPC & Partners
16
3.9
4,786
43
9.8
(5.9)
16
1.9
2,277
57
0.0
1.9
16
1.2
1,449
14
12.9
(11.7)
20
2.3
7.2
(4.9)
Allen & Overy LLP

TOTAL
2,848
$121,831
1,826
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$60,000
700
$50,000
600
500
$40,000
400
$30,000
300
$20,000
200
$10,000
100
$0
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
2012
20
1/1/12 - 9/30/12
$141,186
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
38
Bloomberg
China Announced Deals

1/1/12 - 9/30/12
2012
RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
15.8
22,106
14.4
20,202
Herbert Smith LLP
13.5
18,906
13.3
RANK
MKT
MKT
SHARE
SHARE
CHANGE
122
0.0
15.8
35
1.3
13.1
135
0.0
13.5
18,633
17
2.0
11.3
13.3
18,613
91
0.3
13.0
12.6
17,632
10
2.7
9.9
12.4
17,432
44
0.9
11.5
QUARTERLY VOLUME
USD (Mln)
$80,000
12.4
17,432
12.4
12.4
17,432
12.4
$50,000
12.4
17,432
12.4
$40,000
11
10.6
14,804
11
13
2.5
8.1
$30,000
12
9.8
13,677
17
4.8
5.0
$20,000
13
8.2
11,481
46
0.9
7.3
$10,000
14
7.8
10,900
2.9
4.9
$0
15
5.7
7,948
18
2.7
3.0
Jingtian & Gongcheng Attorneys at Law
16
5.3
7,389
15
130
0.0
5.3
17
5.2
7,260
43
1.0
4.2
O'Melveny & Myers LLP
18
5.2
7,256
70
0.4
4.8
White & Case LLP
19
5.2
7,221
21
1.9
3.3
20
5.1
5.1
7,100
$140,299
1,872
1,000
800
600
400
200
0
20
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
TOTAL
1,200
$70,000
$60,000
Fenwick & West LLP
/ #Deals
$129,292
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
39
Bloomberg
Hong Kong Announced Deals

RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
13.2
4,395
Allen & Overy LLP
12.1
10.3
CMS
Jones Day
RANK
MKT
MKT
SHARE
SHARE
CHANGE
15.1
(1.9)
4,000
34
0.6
11.5
3,408
10
29
1.1
9.2
9.1
3,034
45
0.5
8.6
8.8
2,917
8.7
0.1
Linklaters LLP
8.2
2,707
11
4.9
3.3
Clifford Chance LLP
5.3
1,767
15
2.5
2.8
Kim & Chang
3.7
1,226
58
0.2
3.5
3.2
1,063
14
3.3
(0.1)
Yoon & Yang
3.2
1,063
3.2
White & Case LLP
11
3.1
1,041
53
0.3
2.8
Bell Gully
12
3.0
1,001
18
2.3
0.7
Norton Rose LLP
13
2.4
782
6.0
(3.6)
Andrews Kurth LLP
14
1.9
638
14
1.9
638
72
0.1
1.8
16
1.5
505
23
2.0
(0.5)
Rajah & Tann
17
1.5
496
76
0.0
1.5
Machado Meyer Sendacz e Opice Advogados
18
1.5
494
1.5
19
1.4
475
1.4
20
1.4
33
0.7
0.7

TOTAL
473
$33,203
524
1.9
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$60,000
350
$50,000
300
250
$40,000
200
$30,000
150
$20,000
100
$10,000
50
$0
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
2012
20
1/1/12 - 9/30/12
$55,406
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
40
Bloomberg
South Korea Announced Deals

RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
Kim & Chang
39.8
15,075
85
28.9
10.9
Lee & Ko
25.4
9,601
62
43.1
(17.7)
Shin & Kim
5.3
2,023
28
20.9
(15.6)
Bae Kim & Lee
10.3
3,915
23
16.4
(6.1)
Yoon & Yang
3.6
1,374
12
1.3
2.3
Yulchon LLC
6.8
2,564
11
6.3
0.5
HYUN Law
0.3
117
0.3
0.0
14
22.7
8,613
22.7
5.8
2,186
19
0.0
5.8
0.4
133
0.4
Willkie Farr & Gallagher LLP
12
18.9
7,150
19
0.4
18.5
Freehills
12
4.9
1,863
4.9
Linklaters LLP
12
2.9
1,113
0.2
2.7
12
1.2
450
19
3.4
(2.2)
12
0.9
353
13
1.2
(0.3)
Clifford Chance LLP
12
0.9
323
Paul Hastings LLP
12
0.8
310
13
4.1
(3.3)
Allen & Overy LLP
12
0.5
176
19
3.4
(2.9)
12
0.2

TOTAL
60
$37,876
590
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$24,000
350
$20,000
300
250
$16,000
200
$12,000
150
$8,000
100
$4,000
50
$0
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
2012
20
1/1/12 - 9/30/12
0.9
0.2
$40,486
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
41
Bloomberg
India Announced Deals

1/1/12 - 9/30/12
2012
AZB & Partners
Khaitan & Co
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
16.1
5,347
38
35.8
(19.7)
4.7
1,546
32
10.6
(5.9)
10.5
3,474
28
11.5
(1.0)
1.6
525
13
1.8
(0.2)
Clifford Chance LLP
1.1
353
10
1.2
(0.1)
Jones Day
5.5
1,817
0.2
5.3
Herbert Smith LLP
3.0
984
0.8
271
WongPartnership LLP
0.5
175
18
1.0
10
2.9
974
34
0.0
2.9
10
2.4
812
34
0.2
2.2
Linklaters LLP
10
2.4
799
22.8
Norton Rose LLP
10
0.5
160
13
14
38.4
12,754
Ashurst LLP
14
18.3
6,085
14
4.3
1,427
14
1.6
14
Allen & Overy LLP
14
14
0.4

TOTAL
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$28,000
280
3.0
$24,000
240
0.8
$20,000
200
(0.5)
$16,000
160
$12,000
120
(20.4)
$8,000
80
2.2
(1.7)
$4,000
40
38.4
$0
4.7
13.6
18
2.0
2.3
532
18
1.0
0.6
0.7
242
0.4
142
18
21.7
(21.3)
10
4.4
(4.0)
141
$33,215
631
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
FIRM
MKT
20
RANK
2011
0.7
$34,719
MA <GO>
LEAG <GO>
MA <GO>
LMX <GO>
MA <GO>
LEAG <GO>
42
Bloomberg
South East Asia Announced Deals

RANK
FIRM
2011
MKT
VOLUME
DEAL
SHARE
USD (Mln)
COUNT
RANK
MKT
MKT
SHARE
SHARE
CHANGE
Allen & Gledhill
13.2
10,577
47
12.8
0.4
WongPartnership LLP
30.3
24,321
45
10.7
19.6
9.7
7,803
26
5.7
4.0
Shook Lin & Bok LLP
10.3
8,295
19
5.6
4.7
Rajah & Tann
4.2
3,347
12
2.5
1.7
1.3
1,033
12
24
0.4
0.9
Stamford Law Corp
21.1
16,979
11
18
0.3
20.8
Allen & Overy LLP
5.0
4,029
10.4
(5.4)
Jones Day
2.5
1,982
5.6
(3.1)
Linklaters LLP
2.3
1,826
5.1
(2.8)
Drew & Napier LLC
11
0.2
168
10
1.0
(0.8)
11
0.2
133
35
0.3
(0.1)
Norton Rose LLP
13
6.9
5,549
7.6
(0.7)
14
1.4
1,156
24
0.3
1.1
White & Case LLP
14
1.0
765
35
0.1
0.9
Ashurst LLP
14
0.2
143
18
0.9
(0.7)
17
1.5
1,165
24
0.7
0.8
17
1.0
837
10
2.2
(1.2)
Gordon & Associates
17
0.8
631
0.8
17
0.8
0.8
Melli Darsa Law Offices

TOTAL
631
$80,358
960
QUARTERLY VOLUME
USD (Mln)
/ #Deals
$60,000
500
$50,000
400
$40,000
300
$30,000
200
$20,000
100
$10,000
$0
08
20 Q4
09
20 Q1
09
20 Q2
09
20 Q3
09
20 Q4
10
20 Q1
10
20 Q2
10
20 Q3
10
20 Q4
11
20 Q1
11
20 Q2
11
20 Q3
11
20 Q4
12
20 Q1
12
20 Q2
12
Q
3
2012
20
1/1/12 - 9/30/12
$74,601
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43
Bloomberg
10/01/2012
For data submissions or queries,
please contact:
Mariana Trindade
Bloomberg 2012 1st 3 Qtrs

Mergers & Acquisitions Legal Advisory Rankings
North America
+1-212-617-3692
Bloomberg M&A league tables represent transactions that are either pending or completed, and for which Bloomberg
+1-917-369-3965
has been notified.
mtrindade1@bloomberg.net
Chong-Kul Park
EMEA
Bloomberg M&A league tables include mergers, acquisitions, divestitures, self-tenders, spinoffs, debt-for-equity swaps,
+44-20-3216-4552
private placements of common equity and convertible securities, and purchases of convertible securities and cash
+44-20-7392-6672
injection components of recapitalizations according to Bloomberg standards. Excludes open market transactions. All
cpark83@bloomberg.net
deals except additional stake purchases are subjected to a minimum threshold of 5% equity or USD 50 million total
value. League table credit is based on announced total value of a deal.
Hyejin Cho
Asia Pacific
+82-2-3702-1627
Bloomberg LP and its suppliers believe the information herein was obtained from reliable sources, but they do not
+82-2-3704-1827
guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or
hcho18@bloomberg.net
sale of securities or commodities.
Fernando Simon
LATAM
+55-11-3048-4619
+55-11-3048-4669
fsimon5@bloomberg.net
For 24 hour global customer support call
+1 212 318 2000
+44 20 7330 7500
+65 6212 1000
+81 3 3201 8900
or press the HELP key twice on the BLOOMBERG PROFESSIONAL(R) service.
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GLOBAL LEGAL ADVISORY

MERGERS & ACQUISITIONS RANKINGS Q3 2012

Bloomberg 2012 1st 3 Qtrs

Mergers & Acquisitions Legal Advisory Rankings

8. Global M&A Activity

10. Global Announced Deals

recapitalizations according to Bloomberg standards.

14. Global Private Equity Announced Deals

For data submissions or queries, please contact:

For 24 hour global customer support call

+1 212 318 2000

+44 20 7330 7500

+65 6212 1000

+81 3 3201 8900

or press the HELP key twice on the BLOOMBERG PROFESSIONAL(R) service.

Regional Deal Activity

Total Volume by Industry (Q3 2012)

Industry Sector Deal Activity

Heat Map: Q3 2012 Volume by Region

Latin America & Carib

Middle East & Africa

* All Q3 2012 numbers as of September 30, 2012.

Global M&A Quarterly Volume

EMEA M&A Quarterly Volume

APAC M&A Quarterly Volume

*All Total Value figures in USD millions.

Total Volume (USD Mln)

Total Volume (USD Mln)

Total Volume (USD Mln)

Total Volume (USD Mln)

Americas M&A Quarterly Volume

Q3 2012 Global M&A Aggregate Statistics

Deal Type Sum m ar y

Paym ent Type Sum m ar y

Deal Size Br eak dow n

Cur r ent Status

Cur r ent Pr em ium

Total Value (mil.)

Oil Comp-Explor & Prodtn

Oil Comp-Explor & Prodtn

Total Volume (USD Bln)

Total Volume (USD Bln)

* All Q3 2012 numbers as of September 30,2012.

Total Value (mil.)

Total Volume (USD Bln)

Total Volume (USD Bln)

Total Value (mil.)

Real Estate Oper/Development

Total Volume (USD Bln)

Total Volume (USD Bln)

* All Q3 2012 numbers as of September 30,2012.

Regional Breakdown by Target Region/Country

Regional Breakdown by Target Region/Country

South East Asia

Global Announced Deals

Skadden Arps Slate Meagher & Flom LLP

Freshfields Bruckhaus Deringer LLP

Simpson Thacher & Bartlett LLP

Sullivan & Cromwell LLP

Latham & Watkins LLP

Clifford Chance LLP

Davis Polk & Wardwell

Wachtell Lipton Rosen & Katz