Bloomberg H1 2014 M&A Legal Advisory Rankings

GLOBAL M&A MARKET REVIEW LEGAL RANKINGS 1H 2014

CONTENTS

1. Introduction 2. Global Market Commentary 8. Global M&A Activity by Region 9. Global Announced Deals 13. Cross Border Announced Deals 14. Global Private Equity Announced Deals 15. North America Announced Deals 21. Latin America Announced Deals 22. EMEA Announced Deals 35. APAC Announced Deals 44. Disclaimer

DATA SUBMISSIONS AND QUERIES

Contact Phone Email North America Eshani Gupte +1-212-617-5969 [email protected]

EMEA Paula Cook Dinan +44-20-3525-8104 [email protected]

Asia Pacific Parker Leung +852-2977-6108 [email protected]

General M&A queries may be submitted to: [email protected]

The Bloomberg M&A Advisory League Tables are the definitive publication of M&A advisory rankings. The tables represent the top financial and legal advisors across a broad array of deal types, regions, and industry sectors. The rankings data is comprised of mergers, acquisitions, divestitures, spin-offs, debt-for-equity-swaps, joint ventures, private placements of common equity and convertible securities, and the cash injection component of recapitalization according to Bloomberg standards. 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 our Bloomberg Brief newsletter provides 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. On the web, visit: http://www.bloomberg.com/professional/solutions/investment-banking/.

Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service.

1H 2014

GLOBAL M&A LEGAL ADVISORY RANKINGS

©2014 Bloomberg Finance L.P. All rights reserved.

mailto:[email protected]

http://www.bloomberg.com/professional/solutions/investment-banking/

Scale in USD Bil. 0 - 12 - 23 - 6

7 - 1920 - 67 - 19

20 - 3738 - 112

113 - 337338 -

Global M&A Regional Review

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* Quarterly deal value and adviser market share for any regional involvement (target, seller, or acquirer). Scale in USD billions.

Eastern Europe USD 18.7 billion 1. Akin Gump Strauss Hauer & Feld LLP 7.2% 2. Lawin 3.9% 3. Linklaters LLP 3.5%

Asia Pacific USD 204 billion 1. Linklaters LLP 9.8% 2. King & Wood Mallesons 8.8% 3. Herbert Smith Freehills 8.7%

Western Europe USD 291 billion 1. Freshfields Bruckhaus Deringer 29.0% 2. Blake Cassels & Graydon LLP 25.3% 3. Allen & Overy LLP 21.2%

Latin America & Carribean USD 45 billion 1. Sullivan & Cromwell 25.1% 2. Davis Polk & Wardwell 21.7% 3. Tozzini Freire Teixeira e Silva Advogados 15.6%

Middle East & Africa USD 33 billion 1. Linklaters LLP 28.6% 2. Herbert Smith Freehills 25.9% 3. Allens 20.4%

North America USD 598 billion 1. Sullivan & Cromwell 48.4% 2. Skadden Arps Slate Meagher & Flom 32.4% 3. Wachtell Lipton Rosen & Katz 23.2%

2

*Graphs represent any regional involvement (target, seller, or acquirer). Scale in USD billions.

Global M&A Regional Review Americas M&A Quarterly Volume

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2014Quarterly Regional Volume: Notable Highlights

Global M&A deal volume reached a 7-year high of $934.2 billion in the second quarter of 2014, up 64% compared to a year ago and 70% from the second quarter of 2012. A significant driver of this increase was from the Americas, where $625.3 billion worth of deals were announced. In the second quarter of 2014, targets within the United States attracted the majority of M&A activity, accounting for half of the total global volume, led by AT&T's $66 billion takeover of DIRECTV. Companies in France were the second most targeted, accounting for 8% of the global total, led by the pending $37.5 billion merger of equals between Swiss-based Holcim Ltd and French-based Lafarge SA. Cross-border activity in the second quarter of 2014 comprised 40% of global activity, consistent with an average of 43% of global activity over the last 12 months. Strategic buyers were active internationally this quarter, with General Electric Co's $17.1 billion takeover of Alstom SA's energy assets and Novartis AG's $14.5 billion takeover of GlaxoSmithKlein's oncology portfolio contributing significantly to global cross-border volumes. EMEA deal volume in the first half of 2014 continued to climb, by 12% over mid-year activity in 2013 and 24% from 2012 levels. Headline deals announced in the region included: Altice's $19 billion acquisition of SFR and Liberty Global's $11 billion acquisition of Ziggo NV.

EMEA M&A Quarterly Volume

Global M&A Quarterly Volume

APAC M&A Quarterly Volume

$0

$200

$400

$600

$800

$1,000

0

2,000

4,000

6,000

8,000

10,000

2009 Q2 2010 Q2 2011 Q2 2012 Q2 2013 Q2 2014 Q2

Volume $(bil.) Deal Count

$0$200$400$600$800

01,0002,0003,0004,0005,000

2009Q2

2010Q2

2011Q2

2012Q2

2013Q2

2014Q2


$0

$100

$200

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$400

0

1,000

2,000

3,000

2009Q2

2010Q2

2011Q2

2012Q2

2013Q2

2014Q2


$0$50$100$150$200$250

0

1,000

2,000

3,000

4,000

2009Q2

2010Q2

2011Q2

2012Q2

2013Q2

2014Q2


3

Top Advisers: Financial

All total deal values in USD

Global M&A Industry Review Q2 2014 Industry Deal Volume

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2014Quarterly Deal Activity by Target Industry

Consumer, Non-cyclical was the most targeted industry in the second quarter of 2014 with a deal volume of $256 billion. Activity in the sector nearly doubled compared to the same period last year, accounting for about 27% of total volume in the second quarter. Within the Consumer, Non-cyclical industry, deals in the medical space, specifically pharmaceuticals, dominated. Valeant Pharmaceuticals International Inc's hostile offer for Allergan Inc for $54.2 billion and Medtronic Inc's pending cash & stock offer for Covidien PLC worth $46.2 billion were the industry's largest deals. AT&T Inc's offer to buy DIRECTV was the largest M&A deal of the quarter. With a value of $66 billion, the transaction represents a little under half of all deals announced in the Communications sector this quarter. By itself, the AT&T/DIRECTV deal value is greater than all deals in the Communications sector during the same time last year. The Financial industry, which was the most targeted industry a year ago, fell one spot to second most targeted industry in the second quarter of 2014, though deal volume stayed fairly constant. The largest deal in this sector was Citic Pacific's pending acquisition of banking and brokerage assets of its parent CITIC Group Corp. Real Estate dominated deals in the Financial sector, though many of the multi-billion dollar deals were scattered among other sectors within Financials.

*Graph represents target industry

Top Advisers: Consumer, Non-cyclicalQ2 Industry Deal Volume (USD bil.)

Basic Materials

4% Communica

tions 15%

Consumer, Non-cyclical

27%

Consumer, Cyclical

7% Diversified

0%

Energy 8%

Financial 18%

Industrial 12%

Technology 4%

Utilities 5%

$

$50

$100

$150

$200

$250

$300

2013

2014

Firm Rank Total Deal Value (bil.) Deal Count

Skadden Arps Slate Meagher & Flom 1 142.87 16

Sullivan & Cromwell 2 119.62 5

Wachtell Lipton Rosen & Katz 3 105.87 4Stikeman Ell iot 4 100.67 4Blake Cassels & Graydon LLP 5 88.14 7

Firm Rank Total Deal Value (bil.) Deal Count

Kirkland & Ell is 1 19.06 12Skadden Arps Slate Meagher & Flom 2 14.65 9

Debevoise & Plimpton LLP 3 14.48 3Freshfields Brukhaus Deringer 4 13.32 17Davis Polk & Wardwell 5 10.11 4

4

Run BI DEAL<GO> to access proprietary Bloomberg Industries' M&A Research. Run MA<GO> for Bloomberg's M&A deal database.

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2014Spotlight on: Private Equity - John E. Morris, Editor, Bloomberg Brief: Mergers

Private equity firms were net sellers in the second quarter and over the first half. Since the beginning of the year, they've sold companies worth $129.9 billion while investing in new companies in deals worth a combined $125.2 billion. In the second quarter, private equity exits via M&A totaled $79.8 billion compared to new deals of $60.1 billion. The biggest sale announced this year was Biomet Inc., a medical devices maker owned by Blackstone Group LP, KKR & Co LP, Goldman Sachs Capital Partners and TPG Capital, according to data compiled by Bloomberg. Zimmer Holdings Inc. agreed to buy it for $13.4 billion. That was followed by Vodafone Group Plc's $10 billion deal to buy Spanish cable TV operator Grupo Corporativo ONO SA from a consortium of CCMP Capital Advisors LLC, Thomas H Lee Partners LP, Providence Equity Partners Inc. and Quadrangle Group LLC. Another notable exit was the sale of Beats Electronics LLC and its affiliate Beats Music to Apple Inc. for $3 billion in May. Carlyle Group LP reportedly invested $501 million for a 31 percent stake in Beats Electronics late last year and bought 5 percent of Beats Music for $13 million, according to Bloomberg News.

Quarterly Highlights: Bloomberg Industries M&A

Global M&A Industry Review

5

Global M&A Deal Review

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Quarterly Aggregate Deal Statistics In the second quarter of 2014, there were 3 deals which were more than triple the value of the top deal in the same period last year, excluding Pfizer Inc's withdrawn offer for AstraZeneca PLC and AbbVie Inc's unsolicited proposal for Shire PLC. The number of billion-dollar deals was also up by 48% at 151 compared to 102 in the same period last year. Only 14% of the announced deals quater-to-date were completed, while 3% were terminated and 83% are still awaiting approval from shareholders, board of directors and/or regulatory bodies. In the second quarter, M&A deals with announced premiums in the 25-50% range increased to 42% of all the deals with a premium, as compared to 33% in the previous quarter. Hybrid cash & stock payments, a figure typically in single-digits, was up significantly to 28.2% of all transactions this quarter (from 11.3% in the first quarter of 2014). Stock payments in the first half of 2014 rose to 13.4% of all transactions from 8.9% in the same period last year.

All volume figures in USD

Public Target Multiples Min - Max Median Book Value .01 - 321.83x 2.14x Cashflow from Ops. .04 - 2207.15x 13.55x EBIT .03 - 612.60x 14.86x EBITDA .02 - 480.92x 10.84x Enterprise Value .00 - 15.27x 1.10x Market Cap .00 - 22.19x 1.37x Net Income .06 - 3322.26x 23.33x Net Income + Deprec .04 - 3322.26x 16.29x Revenue .00 - 377.00x 1.49x Total Assets .00 - 2895.02x 0.87x

795.36 83%

138.85 14%

26.77 3%

Q2 Announced Deal Status (% and volume USD Billions)

Pending

Completed

Terminated

3.91 1%

0.76 0% 16.02

4%

151.12 42% 120.98

34%

66.68 19%

Q2 Announced Deal Premiums (% and volume USD Billions)

>100%

75.01-100%

50.01-75%

25.01-50%

10.01-25%

0-10%

Payment Type Summary Volume Percent Cash 537.10 57.49 Cash & Stock 263.10 28.16 Stock 88.36 9.46 Undisclosed 25.10 2.69 Cash or Stock 8.75 0.94 Cash & Debt 3.06 0.33 Debt 0.37 0.04 Cash, Stock & Debt 0.29 0.03 Stock & Debt 0.24 0.03

Deal Type Summary Volume Percent Company Takeover 586.48 62.78 Cross Border 369.77 39.58 Asset Sale 217.92 23.33 Private Equity 161.18 17.25 Additional Stake Purchase 113.04 12.10 Tender Offer 112.89 12.08 PE Seller 85.68 9.17 Minority Purchase 61.32 6.56 Majority Purchase 48.40 5.18 Competing Bid 21.16 2.27 PE Buyout 19.42 2.08 Venture Capital 18.82 2.01 Related Party Transaction 18.65 2.00 Other 95.42 10.41

6

Americas

APAC

EMEA

Global M&A Deal Review

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2014Top Q2 Deals by Target Region

All total value figures in USD

Target Name Acquirer Name Seller Name Total Value (mil.)DIRECTV AT&T Inc 66,044.3Allergan Inc/United States Valeant Pharmaceuticals International Inc 54,199.7Covidien PLC Medtronic Inc 46,235.9Merck Consumer Care business Bayer AG Merck & Co Inc 14,200.0Biomet Inc Zimmer Holdings Inc Multiple sellers 13,350.0Pepco Holdings Inc Exelon Corp 12,135.7Integrys Energy Group Inc Wisconsin Energy Corp 8,928.9Hillshire Brands Co/The Tyson Foods Inc 8,396.61.4 mill ion subscribers Charter Communications Inc Comcast Corp 7,300.0tw telecom inc Level 3 Communications Inc 7,171.9

Target Name Acquirer Name Seller Name Total Value (mil.)CITIC Ltd CITIC Pacific Ltd CITIC Group Corp 15,769.0Queensland Motorways Pty Ltd Multiple acquirers QIC Ltd 6,551.7Wing Hang Bank Ltd Oversea-Chinese Banking Corp Ltd 4,954.2Ranbaxy Laboratories Ltd Sun Pharmaceutical Industries Ltd 4,088.2Noble Agri Ltd COFCO Corp Noble Group Ltd 4,000.0Envestra Ltd Multiple acquirers 3,794.7Australand Property Group Frasers Centrepoint Trust 3,385.7United Spirits Ltd Diageo PLC 3,217.0Australand Property Group Stockland 2,825.1Woodside Petroleum Ltd Woodside Petroleum Ltd Royal Dutch Shell PLC 2,680.0

Target Name Acquirer Name Seller Name Total Value (mil.)Lafarge SA Holcim Ltd 37,505.1Thermal & Renewable Power & Grid Business General Electric Co Alstom SA 17,124.5Oncology portfolio Novartis AG GlaxoSmithKline PLC 14,500.0Numericable Group SA Altice SA Multiple sellers 5,483.4Vaccines business/Novartis GlaxoSmithKline PLC Novartis AG 5,250.0Oldford Group Ltd Amaya Gaming Group Inc 4,500.0TUI Travel PLC TUI AG 3,385.8Dixons Retail PLC Carphone Warehouse Group PLC 2,958.4Firth Rixson Ltd Alcoa Inc Oak Hil l Capital Partners LP 2,850.0Marathon Oil Norge AS Det Norske Oljeselskap ASA Marathon Oil Corp 2,700.0

7

Global M&A Activity

Regional Breakdown by Target Region/Country 1/1/14 - 6/30/14 2014 2013

FIRM VOLUME USD (Mln)

DEAL COUNT

VOLUME USD (Mln)

DEAL COUNT

VOLUME CHANGE

Americas $910,969 7,083 $492,737 6,241 84.88% Latin America $60,954 384 $34,039 437 79.07%

North America $861,201 6,761 $463,734 5,863 85.71%

Canada $50,901 773 $41,653 768 22.20%

United States $792,665 5,870 $415,272 4,983 90.88% EMEA $384,689 3,711 $345,675 3,765 11.29%

Eastern Europe $23,638 485 $42,773 622 -44.74%

Western Europe $343,349 2,903 $276,517 2,835 24.17%

UK $71,383 1,020 $66,501 903 7.34%

Germany $38,931 400 $41,745 396 -6.74%

France $116,127 294 $18,948 340 512.88% Asia-Pacific ex-Japan $280,322 2,979 $200,510 3,073 39.80%

Australia $52,366 449 $28,869 418 81.39%

New Zealand $2,622 57 $1,728 50 51.75%

China $100,654 995 $79,452 1,035 26.69%

Hong Kong $23,172 217 $8,775 209 164.06%

South East Asia $34,026 472 $36,826 520 -7.60%

India $20,234 312 $12,296 347 64.55% Japan $23,911 759 $31,709 816 -24.59%

Global $1,604,121 14,689 $1,074,976 14,009 49.22%

*Includes Mergers, Acquisitions, Divestitures, Self-tenders and Spinoffs. Excludes Open Market Transactions.

8

M&A Legal Advisory League Tables

Global Announced Deals Ranked by Volume

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE

SHARE USD (Mln) COUNT SHARE CHANGE

Skadden Arps Slate Meagher & Flom LLP

Simpson Thacher & Bartlett LLP

Sullivan & Cromwell LLP

Cleary Gottlieb Steen & Hamilton LLP

Freshfields Bruckhaus Deringer LLP

Wachtell Lipton Rosen & Katz

Weil Gotshal & Manges LLP

Davis Polk & Wardwell

Latham & Watkins LLP

Stikeman Elliott LLP

Blake Cassels & Graydon LLP

White & Case LLP

Kirkland & Ellis LLP

Willkie Farr & Gallagher LLP

Jones Day LP

Linklaters LLP

Allen & Overy LLP

Shearman & Sterling LLP

Debevoise & Plimpton LLP

Paul Weiss Rifkind Wharton & Garrison LLP

1 22.0 2 16.7

3 16.2

4 12.9

5 12.7

6 11.7

7 11.4

8 11.0

9 10.7

10 9.9

11 9.8

12 9.6

13 9.4

14 8.1

15 7.3

16 7.1

17 6.5

18 5.9

19 5.9

20 5.8

352,033 268,598

260,256

206,227

203,317

187,961

183,232

176,169

171,387

157,978

156,848

153,153

151,346

130,258

117,225

114,388

103,530

95,291

95,279

92,894

101 5 81 6

58 7

39 22

118 4

39 3

102 11

78 1

150 2

52 8

67 9

86 17

160 14

46 16

233 20

101 18

114 10

63 19

28 32

59 46

8.5 8.2

8.1

4.1

8.5

8.8

6.6

12.0

11.0

7.8

7.2

5.5

6.2

5.8

4.6

5.5

6.7

5.4

2.7

1.1

13.5 8.5

8.1

8.8

4.2

2.9

4.8

(1.0)

(0.3)

2.1

2.6

4.1

3.2

2.3

2.7

1.6

(0.2)

0.5

3.2

4.7

TOTAL $1,604,121 14,689 $1,074,976


*Total Volume represents all announced transactions in US$ millions.

9


Global Announced Deals Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


Jones Day LP




Allen & Overy LLP

DLA Piper LLP



Linklaters LLP

White & Case LLP



Clifford Chance LLP

O'Melveny & Myers LLP

Mori Hamada & Matsumoto

Baker & McKenzie LLP

Fenwick & West LLP

CMS


Nagashima Ohno & Tsunematsu

1 7.3 2 9.4

3 10.7

4 12.7

5 6.5

5 1.2

7 11.4

8 22.0

8 7.1

10 9.6

11 16.7

12 11.0

13 3.8

14 1.2

14 0.6

16 2.7

16 1.5

18 0.1

19 9.8

20 0.4

117,225 151,346

171,387

203,317

103,530

19,860

183,232

352,033

114,388

153,153

268,598

176,169

60,301

19,674

9,768

43,094

24,666

1,864

156,848

7,029

233 1 160 4

150 8

118 8

114 2

114 3

102 16

101 10

101 6

86 11

81 25

78 23

76 11

73 18

73 11

72 5

72 49

70 7

67 17

66 14

4.6 6.2

11.0

8.5

6.7

1.1

6.6

8.5

5.5

5.5

8.2

12.0

4.5

6.3

1.1

3.3

0.3

0.7

7.2

0.7

2.7 3.2

(0.3)

4.2

(0.2)

0.1

4.8

13.5

1.6

4.1

8.5

(1.0)

(0.7)

(5.1)

(0.5)

(0.6)

1.2

(0.6)

2.6

(0.3)

TOTAL $1,604,121 14,689 $1,074,976



*Tables based on deal count, then volume. Market share based on deal volume.

10


Global Announced Deals - Counsel to Principals

Ranked by Volume 1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE












Jones Day LP



Linklaters LLP


Allen & Overy LLP


Davies Ward Phillips & Vineberg LLP

Osler Hoskin & Harcourt LLP

Arnold & Porter LLP

1 19.1 2 11.7

3 11.7

4 10.5

5 10.2

6 9.9

7 9.8

8 9.4

9 8.3

10 7.8

11 7.3

12 7.3

13 7.0

14 6.6

15 6.4

16 6.3

17 5.4

18 5.3

19 5.1

20 4.2

306,062 187,961

186,977

168,901

163,592

157,978

157,081

150,203

133,017

124,561

117,225

116,557

111,493

105,636

102,648

100,764

87,303

85,695

81,910

67,998

90 4 39 1

42 12

97 13

146 9

52 5

117 2

72 11

35 36

154 8

233 21

48 3

45 23

97 10

66 6

112 7

57 52

20 59

29 34

17 99

8.0 8.7

4.5

4.3

5.6

7.8

8.3

5.2

1.9

6.2

3.2

8.2

3.0

5.4

7.2

6.5

1.0

0.9

2.0

0.4

11.1 3.0

7.2

6.2

4.6

2.1

1.5

4.2

6.4

1.6

4.1

(0.9)

4.0

1.2

(0.8)

(0.2)

4.4

4.4

3.1

3.8

TOTAL $1,604,121 14,689 $1,074,976



11


Global Announced Deals - Counsel to Principals

Ranked by Deal Count 1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


Jones Day LP




DLA Piper LLP

Allen & Overy LLP


Linklaters LLP


Clifford Chance LLP



Fenwick & West LLP


CMS

White & Case LLP



Morgan Lewis & Bockius LLP


1 7.3 2 7.8

3 10.2

4 9.8

5 1.2

6 6.3

7 10.5

7 6.6

9 19.1

10 3.8

11 9.4

11 2.7

11 1.5

11 0.5

15 0.1

16 2.8

17 6.4

17 0.4

19 1.6

19 0.7

117,225 124,561

163,592

157,081

19,860

100,764

168,901

105,636

306,062

60,301

150,203

43,094

24,666

8,665

1,864

44,508

102,648

7,029

24,882

10,777

233 1 154 5

146 9

117 8

114 3

112 2

97 16

97 7

90 10

76 11

72 26

72 4

72 49

72 11

70 6

67 19

66 15

66 13

65 21

65 17

3.2 6.2

5.6

8.3

1.1

6.5

4.3

5.4

8.0

4.2

5.2

3.3

0.3

1.0

0.7

2.1

7.2

0.7

0.9

1.7

4.1 1.6

4.6

1.5

0.1

(0.2)

6.2

1.2

11.1

(0.4)

4.2

(0.6)

1.2

(0.5)

(0.6)

0.7

(0.8)

(0.3)

0.7

(1.0)

TOTAL $1,604,121 14,689 $1,074,976




12


Cross Border Announced Deals Ranked by Volume

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE



Linklaters LLP



Allen & Overy LLP



Clifford Chance LLP


White & Case LLP

Amarchand Mangaldas & Suresh A Shroff & Co



Baer & Karrer AG

Homburger AG

Zaoui & Co LLP

Bredin Prat

Slaughter & May

Allens


1 23.8 2 17.0

3 14.5

4 13.6

5 13.2

6 12.8

7 11.7

8 8.9

9 8.4

10 7.1

11 6.3

12 6.2

13 6.0

14 6.0

14 6.0

14 6.0

17 5.6

18 5.5

19 5.1

20 4.8

149,557 94 3 106,470 77 2

90,848 35 31

85,388 41 13

82,700 88 1

80,031 49 4

73,378 26 11

55,671 60 16

52,965 25 18

44,341 49 20

39,617 20 47

39,077 31 19

37,541 40 23

37,505 1 -

37,505 1 71

37,505 1 -

34,984 14 44

34,315 23 49

31,742 29 73

30,369 48 10

10.3 12.6

2.2

6.6

14.0

10.1

6.7

6.2

5.7

5.0

1.2

5.2

3.5

-

0.7

-

1.3

1.2

0.7

6.7

13.5 4.4

12.3

7.0

(0.8)

2.7

5.0

2.7

2.7

2.1

5.1

1.0

2.5

6.0

5.3

6.0

4.3

4.3

4.4

(1.9)

TOTAL $627,866 4,946 $430,212



13


Global Private Equity Announced Deals

Ranked by Volume 1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE







Clifford Chance LLP

Linklaters LLP

White & Case LLP


Fenwick & West LLP


King & Wood Mallesons


King & Spalding LLP



DLA Piper LLP


Allen & Gledhill


1 17.8 2 12.6

3 11.4

4 11.3

5 8.8

6 8.7

7 8.2

8 8.1

9 7.8

10 7.3

11 7.3

12 5.7

13 4.8

14 4.6

15 4.5

16 4.3

17 4.0

18 3.7

19 3.6

20 3.5

56,793 40,043

36,463

36,037

28,147

27,673

26,252

25,885

24,979

23,338

23,194

18,044

15,444

14,530

14,314

13,738

12,795

11,771

11,312

11,225

46 9 62 17

45 11

43 6

82 4

30 14

36 19

32 16

25 15

29 80

17 23

9 51

10 18

13 103

13 8

24 1

30 34

11 2

8 123

11 3

15.0 11.2

13.9

18.0

24.4

12.6

9.3

12.0

12.3

0.4

6.8

1.0

10.5

0.2

17.5

29.8

2.5

27.1

0.1

26.5

2.8 1.4

(2.5)

(6.7)

(15.6)

(3.9)

(1.1)

(3.9)

(4.5)

6.9

0.5

4.7

(5.7)

4.4

(13.0)

(25.5)

1.5

(23.4)

3.5

(23.0)

TOTAL $318,820 3,524 $214,214



14


United States Announced Deals Any Involvement, Ranked by Volume

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE












White & Case LLP

Jones Day LP









1 33.9 2 25.5

3 22.7

4 19.5

5 18.2

6 17.2

7 16.8

8 15.4

9 15.2

10 15.1

11 13.6

12 11.9

13 11.6

14 10.1

15 9.7

16 9.0

17 8.9

18 8.8

19 8.4

20 7.8

320,563 241,111

214,843

183,932

172,438

162,668

158,498

145,454

143,993

142,865

128,123

112,662

109,695

95,175

91,340

85,484

83,984

82,723

79,830

73,593

80 5 49 4

66 6

36 3

74 9

29 24

123 1

60 2

151 14

29 11

47 15

165 27

37 13

26 26

34 18

52 49

42 16

25 7

12 76

17 39

13.6 14.7

13.5

17.7

12.5

5.5

21.7

21.1

11.2

12.1

8.8

5.1

11.4

5.1

7.3

1.4

8.7

13.3

0.6

2.3

20.3 10.8

9.2

1.8

5.7

11.7

(4.9)

(5.7)

4.0

3.0

4.8

6.8

0.2

5.0

2.4

7.6

0.2

(4.5)

7.8

5.5

TOTAL $945,365 7,203 $535,460



15


United States Announced Deals Any Involvement, Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


Jones Day LP





Fenwick & West LLP



Cooley LLP


Morgan Lewis & Bockius LLP

DLA Piper LLP


Gibson Dunn & Crutcher LLP


Sidley Austin LLP

Vinson & Elkins LLP

White & Case LLP

Wilson Sonsini Goodrich & Rosati PC


1 11.9 2 15.2

3 16.8

4 33.9

5 18.2

6 2.5

7 22.7

8 1.6

8 0.5

10 15.4

11 2.6

11 1.5

13 9.0

14 2.2

15 25.5

15 2.4

17 2.4

18 13.6

18 1.2

20 8.9

112,662 143,993

158,498

320,563

172,438

23,738

214,843

14,916

4,522

145,454

24,383

14,209

85,484

20,333

241,111

22,993

22,734

128,123

10,855

83,984

165 1 151 2

123 3

80 5

74 7

71 24

66 9

61 6

61 58

60 12

58 10

58 4

52 18

51 15

49 20

49 39

48 21

47 8

47 11

42 15

5.1 11.2

21.7

13.6

12.5

0.3

13.5

12.7

1.2

21.1

1.0

1.2

1.4

7.0

14.7

4.5

3.6

8.8

0.9

8.7

6.8 4.0

(4.9)

20.3

5.7

2.2

9.2

(11.1)

(0.7)

(5.7)

1.6

0.3

7.6

(4.8)

10.8

(2.1)

(1.2)

4.8

0.3

0.2

TOTAL $945,365 7,203 $535,460




16


US Announced Deals - Counsel to Principals

Any Involvement, Ranked by Volume

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


Skadden Arps Slate Meagher & Flom LLP 1 31.2 294,706 72 4 12.7 18.5 Wachtell Lipton Rosen & Katz 2 19.5 183,932 36 1 17.4 2.1

Sullivan & Cromwell LLP 3 19.3 182,834 36 10 7.4 11.9

Weil Gotshal & Manges LLP 4 17.2 162,195 70 9 7.8 9.4

Latham & Watkins LLP 5 15.9 150,703 119 7 10.8 5.1

Stikeman Elliott LLP 6 15.1 142,865 29 5 12.1 3.0

Kirkland & Ellis LLP 7 12.9 122,162 146 6 11.1 1.8

Jones Day LP 8 11.9 112,662 165 24 4.3 7.6

Willkie Farr & Gallagher LLP 9 11.6 109,695 37 15 6.0 5.6

Simpson Thacher & Bartlett LLP 10 11.4 107,527 58 8 8.1 3.3

Cleary Gottlieb Steen & Hamilton LLP 11 10.0 94,524 27 32 3.0 7.0

Davis Polk & Wardwell 12 9.6 90,571 33 2 14.1 (4.5)

Paul Weiss Rifkind Wharton & Garrison LLP 13 8.6 80,869 51 56 1.1 7.5

Davies Ward Phillips & Vineberg LLP 14 8.4 79,392 11 74 0.6 7.8

Osler Hoskin & Harcourt LLP 15 7.8 73,593 17 39 2.2 5.6

Arnold & Porter LLP 16 7.2 67,998 16 63 0.9 6.3

Wiltshire & Grannis LLP 17 7.0 66,044 1 - - 7.0

A&L Goodbody Solicitors 18 5.0 47,269 8 73 0.6 4.4

Freshfields Bruckhaus Deringer LLP 19 4.8 45,104 33 12 7.2 (2.4)

Baker & McKenzie LLP 20 3.3 31,238 35 42 1.8 1.5

TOTAL $945,365 7,203 $535,460 *Includes Mergers, Acquisitions, Divestitures, Self-tenders and Spinoffs. Excludes Open Market Transactions.


17


US Announced Deals - Counsel to Principals

Any Involvement, Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


Jones Day LP 1 11.9 112,662 165 1 4.3 7.6 Kirkland & Ellis LLP 2 12.9 122,162 146 2 11.1 1.8

Latham & Watkins LLP 3 15.9 150,703 119 3 10.8 5.1

Skadden Arps Slate Meagher & Flom LLP 4 31.2 294,706 72 5 12.7 18.5

Fenwick & West LLP 5 2.5 23,738 71 22 0.3 2.2

Weil Gotshal & Manges LLP 6 17.2 162,195 70 7 7.8 9.4

Cooley LLP 7 0.5 4,522 61 56 1.2 (0.7)

Simpson Thacher & Bartlett LLP 8 11.4 107,527 58 10 8.1 3.3

Morgan Lewis & Bockius LLP 8 2.6 24,383 58 7 1.0 1.6

DLA Piper LLP 8 1.5 14,209 58 4 1.2 0.3

O'Melveny & Myers LLP 11 0.6 6,018 53 6 3.2 (2.6)

Paul Weiss Rifkind Wharton & Garrison LLP 12 8.6 80,869 51 16 1.1 7.5

Vinson & Elkins LLP 13 2.4 22,464 47 18 2.8 (0.4)

Sidley Austin LLP 13 2.4 22,359 47 34 4.5 (2.1)

Wilson Sonsini Goodrich & Rosati PC 13 1.2 10,855 47 9 0.9 0.3

Gibson Dunn & Crutcher LLP 16 1.4 13,329 44 14 5.1 (3.7)

Willkie Farr & Gallagher LLP 17 11.6 109,695 37 33 6.0 5.6

Wachtell Lipton Rosen & Katz 18 19.5 183,932 36 27 17.4 2.1

Sullivan & Cromwell LLP 18 19.3 182,834 36 27 7.4 11.9

K&L Gates LLP 18 0.3 3,147 36 44 0.9 (0.6)

TOTAL $945,365 7,203 $535,460 *Includes Mergers, Acquisitions, Divestitures, Self-tenders and Spinoffs. Excludes Open Market Transactions.



18


Canada Announced Deals Any Involvement, Ranked by Volume

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


Stikeman Elliott LLP Osler Hoskin & Harcourt LLP

Torys LLP




Norton Rose Fulbright LLP



Allen & Overy LLP


Dentons US LLP

Fried Frank Harris Shriver & Jacobson LLP


Greenberg Traurig LLP

Herzog Fox & Neeman

Gowling Lafleur Henderson LLP

Bennett Jones LLP

McCarthy Tetrault LLP

Vinson & Elkins LLP

1 20.8 2 19.5

3 19.0

4 10.9

5 10.6

6 10.4

7 10.4

8 7.9

9 7.5

10 6.7

11 6.2

12 5.1

13 4.9

14 4.8

15 4.5

15 4.5

17 4.5

18 4.5

19 4.5

20 4.1

20,630 35 2 19,363 22 4

18,885 26 5

10,854 45 3

10,481 10 8

10,350 8 18

10,327 16 21

7,886 17 10

7,473 9 11

6,691 5 19

6,132 8 87

5,043 12 70

4,880 5 26

4,785 3 23

4,500 1 45

4,500 1 -

4,498 42 16

4,483 7 73

4,436 27 1

4,105 3 75

21.2 14.7

14.1

19.7

9.2

5.3

4.1

8.6

7.6

5.2

0.1

0.3

2.5

3.1

1.0

-

5.6

0.3

21.5

0.2

(0.4) 4.8

4.9

(8.8)

1.4

5.1

6.3

(0.7)

(0.1)

1.5

6.1

4.8

2.4

1.7

3.5

4.5

(1.1)

4.2

(17.0)

3.9

TOTAL $99,284 1,207 $75,894



19


Canada Announced Deals Any Involvement, Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE



Gowling Lafleur Henderson LLP


McCarthy Tetrault LLP

Torys LLP




Dentons US LLP

Jones Day LP

Borden Ladner Gervais LLP


Norton Rose Fulbright

Dorsey & Whitney LLP

Troutman Sanders LLP



Goodmans LLP

Cassels Brock & Blackwell LLP


1 10.9 2 4.5

3 20.8

4 4.5

5 19.0

6 19.5

7 7.9

8 10.4

9 5.1

9 0.8

11 1.3

12 10.6

12 1.7

12 1.4

12 1.0

16 7.5

16 2.7

16 2.6

16 0.8

20 10.4

10,854 45 1 4,498 42 3

20,630 35 2

4,436 27 5

18,885 26 8

19,363 22 4

7,886 17 7

10,327 16 14

5,043 12 13

822 12 16

1,238 11 6

10,481 10 16

1,645 10 -

1,433 10 24

962 10 28

7,473 9 16

2,672 9 45

2,566 9 10

756 9 9

10,350 8 16

19.7 5.6

21.2

21.5

14.1

14.7

8.6

4.1

0.3

2.3

2.7

9.2

-

0.4

0.0

7.6

1.6

6.2

10.0

5.3

(8.8) (1.1)

(0.4)

(17.0)

4.9

4.8

(0.7)

6.3

4.8

(1.5)

(1.4)

1.4

1.7

1.0

1.0

(0.1)

1.1

(3.6)

(9.2)

5.1

TOTAL $99,284 1,207 $75,894




20


Brazil Announced Deals Any Involvement, Ranked by Volume

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


Pinheiro Neto Advogados

Tozzini Freire Teixeira E Silva

Mattos Filho Veiga Filho Marrey Jr e Quiroga Advogado

Uria Menendez Abogados SLP


Souza Cescon Barrieu & Flesch Advogados

Barbosa Mussnich & Aragao




Claro y Cia

Posse Herrera & Ruiz

Demarest Advogados

Morrison & Foerster LLP

Jones Day LP

Lobo & Rizzo Advogados

Machado Meyer Sendacz e Opice Advogados

Baker Botts LLP

Stibbe

Kilpatrick Townsend & Stockton LLP

1 34.3 2 27.4

3 26.5

4 22.3

4 22.3

6 22.2

7 21.6

8 9.4

9 8.1

10 7.9

10 7.9

10 7.9

13 4.8

14 4.7

15 4.7

16 4.6

17 4.6

18 3.4

18 3.4

20 3.4

9,986 21 5 7,975 17 11

7,726 17 2

6,499 2 -

6,499 1 13

6,460 10 10

6,300 10 1

2,742 3 14

2,369 3 8

2,300 2 -

2,300 1 -

2,300 1 -

1,389 8 19

1,368 1 -

1,367 5 4

1,338 7 -

1,336 17 17

1,000 1 -

1,000 1 6

978 1 -

9.2 4.4

23.5

-

3.5

5.2

30.6

3.3

6.8

-

-

-

1.4

-

14.3

-

1.5

-

7.6

-

25.1 23.0

3.0

22.3

18.8

17.0

(9.0)

6.1

1.3

7.9

7.9

7.9

3.4

4.7

(9.6)

4.6

3.1

3.4

(4.2)

3.4

TOTAL $29,137 232 $20,136



21


Europe Announced Deals Any Involvement, Ranked by Volume

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE



Allen & Overy LLP

Linklaters LLP




Bredin Prat


Clifford Chance LLP



Homburger AG

Baer & Karrer AG

Zaoui & Co LLP


Slaughter & May


Mayer Brown LLP

Kaye Scholer LLP


1 27.2 2 19.8

3 17.5

4 16.5

5 14.3

6 13.3

7 10.7

8 9.2

9 9.0

10 8.6

11 7.8

12 7.7

13 7.4

13 7.4

15 6.2

16 5.9

17 5.4

18 5.3

19 5.0

20 4.6

137,965 100,537

88,715

84,031

72,426

67,383

54,469

46,504

45,525

43,458

39,455

39,234

37,505

37,505

31,547

29,992

27,331

26,714

25,330

23,147

99 1 90 2

84 3

20 107

28 20

28 17

19 37

15 21

58 10

14 22

8 120

2 57

1 -

1 -

17 19

23 27

38 32

18 29

6 212

35 11

14.1 14.1

12.8

0.2

4.1

4.7

1.4

3.5

6.1

3.2

0.1

0.7

-

-

4.3

1.9

1.6

1.8

0.0

5.9

13.1 5.7

4.7

16.3

10.2

8.6

9.3

5.7

2.9

5.4

7.7

7.0

7.4

7.4

1.9

4.0

3.8

3.5

5.0

(1.3)

TOTAL $508,138 4,500 $419,055



22


Europe Announced Deals Any Involvement, Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE



Jones Day LP

Allen & Overy LLP

Linklaters LLP

CMS

DLA Piper LLP

Clifford Chance LLP


White & Case LLP


Hogan Lovells


Mannheimer Swartling Advokatbyra AB

Advokatfirman Vinge KB

Noerr LLP



Dentons US LLP

Roschier Attorneys Ltd

Herbert Smith Freehills LLP

1 27.2 2 3.9

3 19.8

4 17.5

5 0.2

6 3.6

7 9.0

8 4.1

9 4.4

10 5.4

11 1.2

12 4.6

13 2.7

14 2.3

14 0.9

16 14.3

16 13.3

18 1.5

19 3.0

19 2.4

137,965 99 4 19,566 97 5

100,537 90 1

88,715 84 3

964 68 2

18,206 64 7

45,525 58 8

20,810 53 12

22,359 50 9

27,331 38 13

6,045 37 10

23,147 35 6

13,702 32 29

11,494 30 16

4,539 30 29

72,426 28 33

67,383 28 23

7,796 26 15

15,297 24 54

11,923 24 18

14.1 5.8

14.1

12.8

1.7

1.1

6.1

6.7

4.9

1.6

1.3

5.9

1.7

0.5

0.7

4.1

4.7

0.5

0.4

3.2

13.1 (1.9)

5.7

4.7

(1.5)

2.5

2.9

(2.6)

(0.5)

3.8

(0.1)

(1.3)

1.0

1.8

0.2

10.2

8.6

1.0

2.6

(0.8)

TOTAL $508,138 4,500 $419,055




23


Europe Announced Deals - Counsel to Principals


1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE



Allen & Overy LLP

Linklaters LLP



Bredin Prat

Clifford Chance LLP




Homburger AG

Baer & Karrer AG

Zaoui & Co LLP


Slaughter & May


Mayer Brown LLP

Kaye Scholer LLP


White & Case LLP

1 27.2 2 19.2

3 17.0

4 16.5

5 11.1

6 10.7

7 9.0

8 8.2

9 8.0

10 7.8

11 7.7

12 7.4

12 7.4

14 6.0

15 5.9

16 5.4

17 5.3

18 5.0

19 4.6

20 4.3

137,965 97,771

86,419

84,031

56,427

54,469

45,525

41,868

40,693

39,455

39,234

37,505

37,505

30,557

29,992

27,331

26,714

25,330

23,147

21,984

99 1 88 2

82 3

20 106

25 15

19 34

58 10

24 12

13 64

8 119

2 55

1 -

1 -

10 16

23 24

38 33

18 26

6 212

35 8

48 14

13.9 13.6

12.6

0.2

3.4

1.4

5.2

4.7

0.6

0.1

0.7

-

-

3.4

1.9

1.4

1.8

0.0

5.9

3.8

13.3 5.6

4.4

16.3

7.7

9.3

3.8

3.5

7.4

7.7

7.0

7.4

7.4

2.6

4.0

4.0

3.5

5.0

(1.3)

0.5

TOTAL $508,138 4,500 $419,055



24


Europe Announced Deals - Counsel to Principals


1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE



Jones Day LP

Allen & Overy LLP

Linklaters LLP

CMS

DLA Piper LLP

Clifford Chance LLP


White & Case LLP


Hogan Lovells



Noerr LLP


Dentons US LLP




LAWIN

1 27.2 2 3.9

3 19.2

4 17.0

5 0.2

6 3.6

7 9.0

8 4.1

9 4.3

10 5.4

11 1.1

12 4.6

13 2.7

14 0.9

15 0.5

16 1.5

17 11.1

18 8.2

18 3.0

18 0.2

137,965 99 3 19,566 97 5

97,771 88 1

86,419 82 3

964 68 2

18,206 64 7

45,525 58 8

20,810 53 12

21,984 48 9

27,331 38 13

5,742 36 10

23,147 35 6

13,702 32 28

4,539 30 28

2,342 28 16

7,796 26 15

56,427 25 32

41,868 24 22

15,297 24 53

752 24 47

13.9 3.3

13.6

12.6

1.7

1.1

5.2

1.6

3.8

1.4

1.3

5.9

1.7

0.7

0.5

0.5

3.4

4.7

0.4

0.2

13.3 0.6

5.6

4.4

(1.5)

2.5

3.8

2.5

0.5

4.0

(0.2)

(1.3)

1.0

0.2

-

1.0

7.7

3.5

2.6

-

TOTAL $508,138 4,500 $419,055




25


United Kingdom Announced Deals Any Involvement, Ranked by Volume

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE





Clifford Chance LLP

Allen & Overy LLP

Kaye Scholer LLP

Linklaters LLP


Slaughter & May

Allens


DLA Piper LLP

Stibbe

Ropes & Gray LLP

Loyens & Loeff NV

Baker Botts LLP

NautaDutilh NV

Garrigues Abogados

Mayer Brown LLP


1 37.9 2 16.8

3 14.5

4 13.4

5 12.2

6 12.2

7 10.9

8 10.4

9 10.2

10 9.5

11 8.7

12 8.0

13 7.5

14 6.8

15 6.8

15 6.8

15 6.8

18 6.1

19 4.3

20 4.1

62,072 46 10 27,589 13 36

23,774 12 79

21,971 22 12

20,045 34 13

19,930 4 -

17,875 35 8

17,007 17 23

16,782 17 19

15,624 7 66

14,287 12 24

13,105 38 41

12,245 6 38

11,204 3 5

11,079 2 30

11,079 1 60

11,079 1 70

10,026 2 78

7,033 5 18

6,732 7 16

13.3 1.2

0.2

9.6

9.4

-

15.7

2.8

3.9

0.3

2.8

1.1

1.1

16.8

2.0

0.4

0.3

0.2

4.0

4.7

24.6 15.6

14.3

3.8

2.8

12.2

(4.8)

7.6

6.3

9.2

5.9

6.9

6.4

(10.0)

4.8

6.4

6.5

5.9

0.3

(0.6)

TOTAL $163,983 1,659 $134,096



26


United Kingdom Announced Deals Any Involvement, Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE



Jones Day LP

DLA Piper LLP

Linklaters LLP

Allen & Overy LLP

Clifford Chance LLP



Slaughter & May

Olswang

Eversheds LLP

White & Case LLP

Hogan Lovells

CMS






Travers Smith

1 37.9 2 1.9

3 8.0

4 10.9

5 12.2

6 13.4

7 2.5

8 10.4

8 10.2

8 1.1

8 0.3

12 3.5

12 3.2

12 0.4

15 16.8

16 14.5

16 8.7

16 3.0

16 1.9

16 0.2

62,072 46 4 3,173 43 3

13,105 38 2

17,875 35 1

20,045 34 4

21,971 22 9

4,083 21 16

17,007 17 23

16,782 17 12

1,757 17 7

491 17 8

5,728 16 18

5,197 16 10

670 16 6

27,589 13 31

23,774 12 52

14,287 12 12

4,871 12 12

3,150 12 11

261 12 12

13.3 2.7

1.1

15.7

9.4

9.6

19.2

2.8

3.9

0.4

0.6

4.1

3.0

1.9

1.2

0.2

2.8

5.2

6.8

1.9

24.6 (0.8)

6.9

(4.8)

2.8

3.8

(16.7)

7.6

6.3

0.7

(0.3)

(0.6)

0.2

(1.5)

15.6

14.3

5.9

(2.2)

(4.9)

(1.7)

TOTAL $163,983 1,659 $134,096




27


Germany Announced Deals Any Involvement, Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE



Noerr LLP

Linklaters LLP

CMS

Clifford Chance LLP

Jones Day LP

Hengeler Mueller

Allen & Overy LLP


Hogan Lovells

White & Case LLP

Dentons US LLP





Lefosse Advogados

LAWIN

SORAINEN

K&L Gates LLP

1 23.8 2 4.7

3 22.8

3 0.1

5 19.9

6 17.8

7 13.6

8 18.0

8 15.7

10 2.2

11 3.7

12 0.9

13 11.0

14 17.1

15 11.1

15 11.0

15 3.1

15 0.1

15 0.0

15 0.0

19,796 31 3 3,895 29 8

18,986 26 4

47 26 1

16,546 21 4

14,831 19 2

11,329 18 7

14,956 14 4

13,012 14 15

1,789 12 14

3,072 11 10

712 10 12

9,178 8 19

14,233 5 8

9,220 4 26

9,152 4 -

2,575 4 26

48 4 48

23 4 26

0 4 26

20.5 2.4

31.2

1.1

12.5

5.2

43.3

14.6

2.5

0.0

7.6

1.7

0.1

8.4

0.0

-

2.2

0.0

0.0

0.0

3.3 2.3

(8.4)

(1.0)

7.4

12.6

(29.7)

3.4

13.2

2.2

(3.9)

(0.8)

10.9

8.7

11.1

11.0

0.9

0.1

-

-

TOTAL $83,143 690 $59,392




28


France Announced Deals Any Involvement, Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


Jones Day LP Weil Gotshal & Manges LLP

Bredin Prat


Allen & Overy LLP

CMS

Clifford Chance LLP


Linklaters LLP

Dechert LLP

White & Case LLP

De Pardieu Brocas Maffei

Mayer Brown LLP


Hogan Lovells




Kramer Levin Naftalis & Frankel LLP

Slaughter & May

1 0.2 2 5.0

3 37.7

3 29.9

5 40.9

5 0.1

7 6.3

8 1.7

9 27.7

9 0.3

11 4.0

11 0.9

13 17.8

13 13.3

15 0.8

16 27.6

16 14.2

16 0.3

16 0.0

20 1.3

303 22 1 7,251 21 25

54,469 19 10

43,193 19 4

58,998 16 6

143 16 2

9,102 15 14

2,411 13 9

39,929 12 3

438 12 18

5,756 9 18

1,351 9 6

25,652 8 8

19,164 8 18

1,136 6 18

39,819 5 12

20,489 5 25

399 5 42

1 5 64

1,798 4 -

10.1 3.5

13.6

16.3

8.4

5.8

6.2

6.7

6.3

0.3

5.1

7.7

2.5

4.4

1.4

4.1

5.7

0.8

0.0

-

(9.9) 1.5

24.1

13.6

32.5

(5.7)

0.1

(5.0)

21.4

-

(1.1)

(6.8)

15.3

8.9

(0.6)

23.5

8.5

(0.5)

-

1.3

TOTAL $144,329 601 $42,758




29


Italy Announced Deals Any Involvement, Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


NCTM Studio Legale Associato

Legance Studio Legale Associato

Linklaters LLP

Allen & Overy LLP

Clifford Chance LLP

Hogan Lovells

Jones Day LP





Bonelli Erede Pappalardo

Dentons US LLP

Portolano Cavallo Studio Legale

Norton Rose Fulbright

White & Case LLP




d'Urso Munari Gatti Studio Legale

1 0.4 2 1.1

3 1.3

4 0.5

5 17.3

5 16.6

5 0.2

8 38.5

8 3.1

8 2.1

11 2.2

11 1.1

11 0.1

11 0.0

11 0.0

11 0.0

17 22.8

17 22.8

17 22.8

17 3.5

75 13 20 203 9 -

256 6 7

103 5 5

3,293 4 2

3,155 4 11

36 4 7

7,339 3 30

594 3 11

398 3 3

411 2 -

200 2 11

10 2 -

2 2 7

0 2 -

0 2 11

4,350 1 -

4,350 1 11

4,350 1 20

664 1 -

1.0 -

13.4

0.0

0.6

0.6

9.8

0.8

2.7

4.6

-

18.0

-

0.0

-

12.3

-

12.5

9.3

-

(0.6) 1.1

(12.1)

0.5

16.7

16.0

(9.6)

37.7

0.4

(2.5)

2.2

(16.9)

0.1

-

-

(12.3)

22.8

10.3

13.5

3.5

TOTAL $19,059 212 $33,750




30


Benelux Announced Deals Any Involvement, Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


Allen & Overy LLP

Loyens & Loeff NV

CMS

Linklaters LLP

DLA Piper LLP


Jones Day LP

Clifford Chance LLP

Stibbe

NautaDutilh NV

De Brauw Blackstone Westbroek NV

Houthoff Buruma


Mayer Brown LLP

White & Case LLP

Akin Gump Strauss Hauer & Feld LLP


Machado Meyer Sendacz e Opice Advogados

Bredin Prat


1 39.4 2 14.8

3 0.3

4 7.7

4 0.1

6 26.9

7 0.7

8 7.5

9 14.6

9 13.5

9 1.8

9 1.0

13 0.6

14 29.3

14 6.1

16 5.0

17 5.8

17 0.3

19 27.7

19 20.4

32,606 26 1 12,287 21 8

243 17 7

6,364 16 2

47 16 2

22,289 13 5

609 12 11

6,166 9 10

12,079 8 33

11,137 8 12

1,476 8 2

789 8 5

486 7 8

24,281 6 13

5,057 6 13

4,169 5 -

4,793 4 13

273 4 23

22,952 3 18

16,879 3 23

38.8 1.5

1.5

20.8

0.5

17.2

12.1

9.4

13.1

0.5

27.4

2.1

13.3

1.2

2.7

-

3.2

0.0

2.5

14.8

0.6 13.3

(1.2)

(13.1)

(0.4)

9.7

(11.4)

(1.9)

1.5

13.0

(25.6)

(1.1)

(12.7)

28.1

3.4

5.0

2.6

0.3

25.2

5.6

TOTAL $82,796 495 $88,454




31


Iberia Announced Deals Any Involvement, Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE




Clifford Chance LLP

Garrigues Abogados

Gomez-Acebo & Pombo Abogados SLP

Jones Day LP

DLA Piper LLP

Linklaters LLP

Allen & Overy LLP

Cuatrecasas Goncalves Pereira


CMS

Hogan Lovells



Souza Cescon Barrieu & Flesch Advogados

Perez-Llorca

Olswang

Araoz & Rueda


1 25.3 2 43.2

3 32.3

4 27.5

5 0.2

6 0.1

7 34.4

8 10.0

8 3.9

8 0.2

11 0.4

12 0.2

12 0.0

14 17.3

14 1.5

14 0.7

14 0.1

14 0.0

14 0.0

14 0.0

9,532 20 1 16,265 13 6

12,181 12 6

10,364 10 3

80 9 2

27 7 9

12,941 6 6

3,760 5 5

1,471 5 11

60 5 3

150 4 9

55 3 11

0 3 11

6,499 2 14

567 2 -

276 2 25

51 2 14

11 2 21

0 2 25

1 2 -

12.8 16.9

24.2

5.1

4.1

4.7

7.2

33.8

0.9

6.7

0.0

1.8

3.2

1.5

-

0.1

0.8

0.0

0.0

-

12.5 26.3

8.1

22.4

(3.9)

(4.6)

27.2

(23.8)

3.0

(6.5)

0.4

(1.6)

(3.2)

15.8

1.5

0.6

(0.7)

-

-

-

TOTAL $37,667 223 $19,791




32


Nordic Announced Deals Any Involvement, Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE





White & Case LLP

Hannes Snellman Advokatbyra Ab/FI

Advokatfirmaet Schjodt AS

Advokatfirmaet Thommessen AS

LAWIN

Allen & Overy LLP

Linklaters LLP


CMS

Jones Day LP

SORAINEN

Advokatfirmaet Selmer DA

Dentons US LLP

Noerr LLP

Raidla Lejins & Norcous

Clifford Chance LLP


1 28.8 2 24.1

3 32.1

4 9.0

5 17.2

6 6.4

7 2.8

8 0.2

9 2.1

10 19.7

10 4.5

10 0.2

10 0.2

10 0.0

15 1.3

15 0.3

15 0.1

15 0.0

19 20.1

19 7.1

13,702 32 3 11,494 29 1

15,297 24 6

4,285 16 9

8,183 15 2

3,036 13 7

1,310 10 4

91 7 13

1,018 6 10

9,374 5 8

2,144 5 13

101 5 10

91 5 16

7 5 25

600 4 -

153 4 -

45 4 41

9 4 25

9,565 3 16

3,365 3 25

20.4 5.6

5.1

11.6

4.1

1.9

10.7

1.4

1.0

3.9

15.8

0.7

2.1

0.2

-

-

1.0

0.1

13.8

3.5

8.4 18.5

27.0

(2.6)

13.1

4.5

(7.9)

(1.2)

1.1

15.8

(11.3)

(0.5)

(1.9)

(0.2)

1.3

0.3

(0.9)

(0.1)

6.3

3.6

TOTAL $47,608 668 $34,822




33


Eastern Europe Announced Deals Any Involvement, Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


LAWIN

SORAINEN

Dentons US LLP

Allen & Overy LLP

Raidla Lejins & Norcous

CMS

Linklaters LLP

White & Case LLP


Clifford Chance LLP


DLA Piper LLP


Herguner Bilgen Ozeke

Slaughter & May

Akin Gump Strauss Hauer & Feld LLP



De Brauw Blackstone Westbroek NV

Balcioglu Selcuk Akman Keki Avukatlik Ortakligi

1 2.2 2 1.5

3 2.2

4 2.0

4 0.1

6 0.4

7 22.5

7 8.2

9 0.9

10 5.7

10 3.1

10 2.9

10 2.4

10 0.5

15 24.1

15 3.9

17 21.4

17 20.3

17 6.0

17 0.7

752 23 7 530 18 7

775 16 6

698 15 2

49 15 9

148 13 1

7,850 8 11

2,865 8 5

317 7 3

1,976 5 4

1,075 5 9

1,000 5 18

841 5 16

156 5 -

8,415 4 18

1,350 4 23

7,459 3 28

7,089 3 12

2,094 3 23

248 3 -

0.3 2.1

2.2

11.1

2.0

3.6

5.4

17.0

9.8

11.0

1.0

0.2

3.4

-

4.6

3.8

0.1

11.4

8.8

-

1.9 (0.6)

-

(9.1)

(1.9)

(3.2)

17.1

(8.8)

(8.9)

(5.3)

2.1

2.7

(1.0)

0.5

19.5

0.1

21.3

8.9

(2.8)

0.7

TOTAL $34,887 570 $54,131




34


Asia Pacific Ex-Japan Announced Deals


1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


Linklaters LLP King & Wood Mallesons



Clifford Chance LLP

Allens

Allen & Gledhill


WongPartnership LLP



Kim & Chang



Stamford Law Corp

Lee & Ko

Gilbert + Tobin

Slaughter & May

Clayton Utz


1 10.3 2 9.4

3 7.1

4 6.8

5 6.3

6 5.6

7 5.3

8 4.4

9 4.3

10 4.1

11 4.1

12 3.9

13 3.8

14 3.3

15 3.3

16 3.2

17 3.0

18 2.9

19 2.9

20 2.8

34,795 24 8 31,838 48 10

24,180 41 6

23,004 19 7

21,496 22 5

18,858 31 39

17,899 20 30

14,814 17 4

14,578 23 47

13,936 24 1

13,864 16 12

13,088 58 16

12,944 6 31

11,170 29 3

11,142 12 56

10,850 52 23

10,173 12 13

9,738 8 48

9,661 10 41

9,553 12 9

4.5 4.1

5.3

5.0

5.7

1.7

2.2

6.5

1.1

7.2

3.6

3.3

2.2

6.7

0.8

2.9

3.5

1.0

1.4

4.2

5.8 5.3

1.8

1.8

0.6

3.9

3.1

(2.1)

3.2

(3.1)

0.5

0.6

1.6

(3.4)

2.5

0.3

(0.5)

1.9

1.5

(1.4)

TOTAL $338,909 3,620 $263,984



35


Asia Pacific Ex-Japan Announced Deals


1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


Kim & Chang

Lee & Ko



Allen & Overy LLP

Allens

Ashurst LLP



AZB & Partners

Bae Kim & Lee

Minter Ellison

Linklaters LLP


WongPartnership LLP

Clifford Chance LLP

DLA Piper LLP

Shin & Kim

Allen & Gledhill

Jones Day LP

1 3.9 2 3.2

3 9.4

4 7.1

5 1.6

6 5.6

6 2.7

8 3.3

8 2.6

10 1.6

11 2.7

12 2.1

13 10.3

13 4.1

15 4.3

16 6.3

16 0.7

18 0.9

19 5.3

19 0.9

13,088 58 1 10,850 52 4

31,838 48 7

24,180 41 7

5,507 38 4

18,858 31 16

9,215 31 12

11,170 29 2

8,883 29 3

5,423 28 16

9,088 27 10

7,002 26 9

34,795 24 13

13,936 24 20

14,578 23 15

21,496 22 20

2,501 22 11

2,917 21 4

17,899 20 13

3,202 20 27

3.3 2.9

4.1

5.3

7.1

1.7

1.0

6.7

1.9

2.9

1.8

1.4

4.5

7.2

1.1

5.7

1.1

3.0

2.2

3.0

0.6 0.3

5.3

1.8

(5.5)

3.9

1.7

(3.4)

0.7

(1.3)

0.9

0.7

5.8

(3.1)

3.2

0.6

(0.4)

(2.1)

3.1

(2.1)

TOTAL $338,909 3,620 $263,984




36


Australia & New Zealand Announced Deals


1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE



Allens

Ashurst LLP


Minter Ellison

Corrs Chambers Westgarth


Allen & Overy LLP

K&L Gates LLP


Gilbert + Tobin

DLA Piper LLP

Clayton Utz

Clifford Chance LLP

Linklaters LLP

Jones Day LP



HWL Ebsworth Lawyers

Squire Patton Boggs US LLP

1 25.4 2 26.2

2 12.8

4 27.6

5 9.7

6 7.6

7 12.8

8 2.7

8 2.1

10 4.9

11 14.1

11 0.3

13 13.4

14 10.0

15 22.8

15 0.3

17 9.4

17 1.6

17 0.1

17 0.1

18,290 33 3 18,858 30 6

9,215 30 3

19,843 29 2

6,984 25 1

5,445 19 11

9,200 17 7

1,970 15 10

1,492 15 13

3,491 13 15

10,173 12 7

212 12 9

9,661 10 5

7,220 7 13

16,425 6 15

191 6 21

6,785 3 -

1,150 3 30

49 3 -

34 3 21

22.4 12.1

6.4

20.8

8.8

19.6

14.6

1.2

0.2

0.0

24.9

2.2

10.0

2.1

6.2

0.0

-

0.8

-

4.1

3.0 14.1

6.4

6.8

0.9

(12.0)

(1.8)

1.5

1.9

4.9

(10.8)

(1.9)

3.4

7.9

16.6

0.3

9.4

0.8

0.1

(4.0)

TOTAL $71,939 678 $36,857




37


Japan Announced Deals Any Involvement, Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE




Nishimura & Asahi

Anderson Mori & Tomotsune

Jones Day LP



Linklaters LLP

Allen & Overy LLP

Kim & Chang


Oh-Ebashi LPC & Partners

TMI Associates

Sidley Austin LLP




White & Case LLP

Miyakezaka Sogo Law Offices

Ashurst LLP

1 17.4 2 12.5

3 38.6

4 2.2

5 1.3

6 4.6

6 2.2

8 2.5

8 1.5

8 0.4

11 9.9

11 2.4

11 1.9

14 30.2

14 29.0

14 0.0

14 0.0

18 29.8

18 3.0

18 1.7

9,768 73 1 7,029 66 2

21,719 37 3

1,209 22 4

739 8 12

2,591 7 6

1,224 7 8

1,429 6 15

844 6 10

220 6 12

5,548 5 6

1,368 5 5

1,052 5 15

17,015 4 51

16,324 4 51

5 4 27

0 4 9

16,779 3 14

1,660 3 -

952 3 15

24.2 13.7

30.9

8.8

2.3

10.1

3.5

6.5

10.5

0.1

1.4

2.9

1.8

2.2

1.1

0.0

1.5

0.7

-

3.1

(6.8) (1.2)

7.7

(6.6)

(1.0)

(5.5)

(1.3)

(4.0)

(9.0)

0.3

8.5

(0.5)

0.1

28.0

27.9

-

(1.5)

29.1

3.0

(1.4)

TOTAL $56,298 1,101 $49,122




38


China Announced Deals Any Involvement, Ranked by Volume

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE



Linklaters LLP





White & Case LLP


Clifford Chance LLP

Dentons US LLP




Zhong Lun Law Firm




Allen & Gledhill


Grandall Legal Group

1 11.0 2 8.3

3 6.2

4 5.1

5 5.0

6 4.8

7 4.8

8 4.3

9 4.3

10 4.3

11 3.8

12 3.0

13 2.6

14 2.5

15 2.4

16 2.3

17 2.2

18 2.2

19 1.8

20 1.7

15,172 11,364

8,517

7,065

6,851

6,659

6,620

5,912

5,864

5,850

5,204

4,092

3,515

3,484

3,251

3,176

3,047

2,989

2,399

2,368

16 17 6 10

16 1

5 19

4 26

13 25

2 29

2 20

7 39

1 -

2 104

8 24

10 2

9 38

8 13

14 4

4 11

4 40

6 14

10 42

2.3 5.8

8.2

2.2

1.4

1.6

1.2

2.2

0.9

-

0.0

1.8

7.5

0.9

3.8

6.9

5.1

0.8

3.7

0.8

8.7 2.5

(2.0)

2.9

3.6

3.2

3.6

2.1

3.4

4.3

3.8

1.2

(4.9)

1.6

(1.4)

(4.6)

(2.9)

1.4

(1.9)

0.9

TOTAL $137,447 1,242 $108,341



39


Hong Kong Announced Deals Any Involvement, Ranked by Volume

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


Linklaters LLP Freshfields Bruckhaus Deringer LLP


Clifford Chance LLP



White & Case LLP


Dentons US LLP

Kim & Chang

Slaughter & May

Johnson Winter & Slattery

Allen & Gledhill



Gilbert + Tobin


Nishimura & Asahi


Gibson Dunn & Crutcher LLP

1 35.7 2 29.8

3 18.2

4 16.2

5 10.7

6 9.6

7 9.4

8 9.2

9 9.2

10 9.1

11 7.8

12 5.9

13 4.7

14 4.4

15 4.4

16 4.3

17 3.2

17 3.2

19 2.9

20 2.4

22,836 7 4 19,043 10 8

11,650 2 37

10,327 5 23

6,818 4 1

6,140 4 25

6,026 3 29

5,882 2 3

5,850 1 63

5,800 2 47

4,982 3 38

3,795 1 -

3,015 4 2

2,813 3 -

2,813 6 16

2,752 2 -

2,032 2 -

2,032 2 62

1,883 8 48

1,537 1 -

5.9 5.2

1.2

2.5

8.9

2.3

2.0

6.5

0.0

0.9

1.2

-

7.4

-

3.9

-

-

0.0

0.8

-

29.8 24.6

17.0

13.7

1.8

7.3

7.4

2.7

9.2

8.2

6.6

5.9

(2.7)

4.4

0.5

4.3

3.2

3.2

2.1

2.4

TOTAL $63,956 473 $24,258



40


South Korea Announced Deals Any Involvement, Ranked by Volume

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


Kim & Chang

Lee & Ko

Bae Kim & Lee



Linklaters LLP


Shin & Kim

Yulchon LLC

Clifford Chance LLP


White & Case LLP

JIPYONG

Yoon & Yang LLC

LCS & Partners

Sidley Austin LLP

HYUN Law


Oh-Ebashi LPC & Partners

Cooley LLP

1 29.3 2 24.3

3 20.4

4 17.3

5 13.7

6 13.0

6 13.0

8 6.5

9 6.4

10 4.5

11 4.3

11 4.3

13 0.5

14 0.4

15 0.4

16 0.3

17 0.0

18 0.0

19 0.0

20 0.0

13,088 58 1 10,850 52 3

9,088 27 4

7,730 2 -

6,098 2 -

5,800 2 20

5,800 1 29

2,917 21 2

2,841 10 5

2,028 2 -

1,930 1 26

1,930 1 -

214 7 27

167 6 10

157 1 -

114 1 -

17 2 14

17 1 25

11 1 -

4 1 -

28.3 24.9

15.3

-

-

0.5

0.1

26.0

4.2

-

0.2

-

0.1

2.4

-

-

1.3

0.2

-

-

1.0 (0.6)

5.1

17.3

13.7

12.5

12.9

(19.5)

2.2

4.5

4.1

4.3

0.4

(2.0)

0.4

0.3

(1.3)

(0.2)

-

-

TOTAL $44,635 482 $30,260



41


India Announced Deals Any Involvement, Ranked by Volume

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE






Crawford Bayley & Co

Luthra & Luthra Law Offices LLP

SH Bathiya & Co

Slaughter & May

AZB & Partners

S&R Associates


Khaitan & Co

Allen & Overy LLP


Linklaters LLP


Trilegal

J Sagar Associates

Eversheds LLP

Veirano Advogados

1 38.1 2 31.8

3 18.7

4 17.6

4 17.6

4 17.6

4 17.6

8 13.8

9 13.2

10 7.2

11 7.0

12 7.0

13 5.8

14 3.9

15 2.9

15 2.9

17 1.4

18 0.9

19 0.6

20 0.6

8,883 29 1 7,405 3 2

4,348 2 27

4,088 2 -

4,088 1 -

4,088 1 -

4,088 1 -

3,217 1 7

3,079 26 18

1,687 3 15

1,626 6 5

1,619 19 17

1,343 2 21

900 1 -

679 3 30

679 2 7

334 1 23

214 6 38

149 1 -

145 2 38

27.1 21.7

0.7

-

-

-

-

9.6

4.2

7.8

10.4

4.5

2.2

-

0.5

9.6

1.1

0.0

-

0.0

11.0 10.1

18.0

17.6

17.6

17.6

17.6

4.2

9.0

(0.6)

(3.4)

2.5

3.6

3.9

2.4

(6.7)

0.3

0.9

0.6

0.6

TOTAL $23,292 387 $16,601



42


South East Asia Announced Deals Any Involvement, Ranked by Deal Count

1/1/14 - 6/30/14

FIRM

RANK MKT

2014 VOLUME DEAL

2013 RANK MKT

MKT SHARE


WongPartnership LLP

Allen & Gledhill

Allen & Overy LLP

Stamford Law Corp

Drew & Napier LLC



Linklaters LLP

Rajah & Tann

Clifford Chance LLP

Shook Lin & Bok LLP


Ashurst LLP

Anderson Mori & Tomotsune



Allens




1 18.6 2 24.6

3 3.5

4 15.3

5 5.2

5 1.5

7 7.0

8 8.8

8 1.9

10 9.4

10 0.2

12 4.8

12 0.9

12 0.2

15 9.6

15 4.9

15 4.7

15 3.3

15 1.7

20 16.0

13,567 20 2 17,899 19 1

2,560 12 6

11,140 11 13

3,770 10 16

1,079 10 3

5,071 9 10

6,376 8 5

1,353 8 8

6,872 6 7

106 6 4

3,470 5 20

639 5 41

178 5 -

7,010 4 31

3,557 4 16

3,393 4 20

2,395 4 20

1,250 4 31

11,626 3 10

3.3 7.4

11.7

1.3

0.5

14.7

1.6

6.6

1.6

19.5

1.8

17.3

0.0

-

10.3

0.6

2.2

2.0

0.5

8.7

15.3 17.2

(8.2)

14.0

4.7

(13.2)

5.4

2.2

0.3

(10.1)

(1.6)

(12.5)

0.9

0.2

(0.7)

4.3

2.5

1.3

1.2

7.3

TOTAL $72,778 696 $65,861




43

Bloomberg League Criteria

Announced Global League Tables are based upon announced total values, unless otherwise stated in the title. Non-US dollar values are converted to US dollars at the time of announcement.

Credit will be given to transactions in which Bloomberg classifies as mergers, acquisitions, divestitures, self-tenders, or spin-offs.

Regional and industry League Tables will be based on the country of risk and industry of the ultimate publicly traded parent of a privately held company where applicable.

Advisors to any member of an investor group, consortium, or joint venture are eligible for full credit.

Advisory fees hold no weight over advisory credit.

General Database Criteria

A transaction is considered to have been announced upon the release of terms offered by the acquirer, and acknowledgement of the offer by the target company.

Deals that are considered to be in proposed status will not be granted credit.

Full versions of Bloomberg’s League Tables Standards & Guidelines can be accessed on Bloomberg Professional:

{IDOC 2072054<GO>}: M&A

Bloomberg L.P. reserves the right of final decision concerning league eligibility and requires adequate documentation for the same. Bloomberg L.P. and its suppliers believe the information herein was obtained from reliable sources, but they do not guarantee its accuracy. Neither the information nor the opinion expressed constitutes a solicitation of the purchase or sale of securities or commodities. Due to the dynamic nature of the Professional Service product, League Table rankings may vary between the quarterly/year-end publications and data found on the Bloomberg Professional Service.

44

Bloomberg H1 2014 M&A Legal Advisory Rankings

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