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Cravath, Kirkland, Other Titans Have Another Huge Year

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Manage episode 317302077 series 1185072
Content provided by Bloomberg Industry Group. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bloomberg Industry Group or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

It was an extraordinarily lucrative year for law firms that help companies go public, or that help companies make acquisitions. Thanks to the frenzied SPAC boom, along with rock bottom interest rates, corporate transaction activity in 2021 shattered records.

However, the largest beneficiaries of this activity were not upstart, boutique firms but rather the titans of the legal world: Kirkland & Ellis, Davis Polk & Wardwell, Wachtell Lipton Rosen & Katz, Ropes & Gray, and so on.

On today's episode of On The Merits, our weekly legal news podcast, we hear from Bloomberg Law's Roy Strom and Ruiqi Chen about why the rich seem to only get richer in the Big Law world. They also get into the reasons why 2022 could be a far less active year for M&A and IPO business.

Have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.

  continue reading

187 episodes

Artwork
iconShare
 
Manage episode 317302077 series 1185072
Content provided by Bloomberg Industry Group. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bloomberg Industry Group or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

It was an extraordinarily lucrative year for law firms that help companies go public, or that help companies make acquisitions. Thanks to the frenzied SPAC boom, along with rock bottom interest rates, corporate transaction activity in 2021 shattered records.

However, the largest beneficiaries of this activity were not upstart, boutique firms but rather the titans of the legal world: Kirkland & Ellis, Davis Polk & Wardwell, Wachtell Lipton Rosen & Katz, Ropes & Gray, and so on.

On today's episode of On The Merits, our weekly legal news podcast, we hear from Bloomberg Law's Roy Strom and Ruiqi Chen about why the rich seem to only get richer in the Big Law world. They also get into the reasons why 2022 could be a far less active year for M&A and IPO business.

Have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.

  continue reading

187 episodes

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