Biglaw

Holy Crap! Cravath Had A REALLY Busy Couple Of Weeks In Mergers & Acquisitions

$100 billion in deals in two weeks is impressive AF.

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Don’t tell Cravath that mergers and acquisitions has been slow in 2019!

For the relatively short timeframe — the two weeks between April 29th and May 10th — the Biglaw giant advised on eight deals with a total value of more than $100 billion. The biggest deal of the bunch is Occidental Petroleum Corp.’s acquisition of Anadarko Petroleum Corp., valued at a whopping $57 billion. As reported by New York Law Journal, the other deals in this recent run of M&A work included quite a few noteworthy players:

In addition to its work on multiple aspects of the Anadarko deal, in which Occidental won out over a competing bid by Chevron Corp., Cravath advised Parker Hannifin Corp. in its $3.67 billion acquisition of LORD Corp., Disney in its $10.6 billion sale of 21 regional sports networks to Sinclair Broadcast Group, Brunswick Corp. in the sale of its fitness business to KPS Capital Partners, RELX Group in LexisNexis’s joint venture with LEAP Legal Software and Buckeye Partners L.P. in its $10.3 billion acquisition by IFM Investors.

The impressive recent M&A performance comes on the heels of a successful 2018. Last year, the firm’s profits per partner rose a healthy 15 percent, now at $4.62 million. Given this strong financial performance, you can’t blame associates for hoping for an even more generous bonus (or perhaps a summer bonus) for all their hard work.

headshotKathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).

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