Two recent transactions highlight the return of megadeals in 2024, which are continuing to push up demand for top M&A law firms.
Just in the last week, Verizon announced a $20 billion buy of Frontier Communications, while funds managed by Blackstone, together with the Canadian Pension Plan Investment Board, agreed to a $16.1 billion purchase of AirTruck. New York firms such as Debevoise & Plimpton, Paul, Weiss, Rifkind, Wharton & Garrison, Cravath Swaine & Moore, Skadden, Arps, Slate, Meagher & Flom, and Simpson Thacher & Bartlett, among others, helped lead those deals.
The Wall Street firms had a good week, while the reemergence of the ‘megadeal’ this year has buttressed deal work. More information on these transactions is available here.