By Ed Sohn2015 has been a year of M&A like no other year before, partially fueled by interest rates staying low and the deep capital available in the market. Deal volume in 2015 is nearing $5 trillion, the highest deal volume in history and up from around $3.5 trillion 2014.
And check with any of your friends at big M&A shops—they may not remember the last month they billed less than 250 hours. I know several M&A attorneys billing in excess of 350 in several months this year, an unfathomable amount. So the best M&A firms will probably see some record-setting revenues this year. One firm, for the first time in history, will break the $1 trillion mark in announced M&A deals.
In the alt.legal world, our businesses are directly affected by hyper M&A markets, as many of our businesses are owned by capital investors or public shareholders. Legal services providers and legal tech companies are more susceptible to the availability and inexpensiveness of capital. Thanks to the excellent (non-comprehensive) inventory aggregated at Complex Discovery, we can get a decent look at the year in review. You should click on that link. It’s pretty interesting.