Awards & Rankings

Jones Day ranks #1 in M&A for tenth year in a row

Jones Day ranked #1 globally in M&A league tables for year-end 2009, maintaining a position it has held for 37 consecutive quarters. The Firm also ranked #1 in France, Russia, and the U.K., as well as in the U.S.

In M&A rankings released this month by Thomson Reuters, Jones Day led all law firms for number of completed deals worldwide, receiving credit for 299 transactions in 2009. The Firm also ranked #1 for completed deals with U.S. targets, receiving credit for 177 transactions.

On the Thomson Reuters league table ranking firms based on value of announced transactions with Russian involvement, Jones Day ranked #1, with deals aggregating US$7 billion in announced value.

In Bloomberg's 23 categories of M&A rankings for year-end based on number of announced deals, Jones Day ranked #1 in six and in the top ten in 15. The Firm received credit for 351 deals worldwide and 234 deals with any U.S. involvement. Jones Day also ranked #1 in France and the United Kingdom with 41 and 64 announced deals, respectively.

Among the deals Jones Day's M&A team completed in 2009 are Tech Mahindra's winning bid for a controlling stake in Satyam Computer Services through a time-sensitive, highly regulated auction process initiated by the Indian Government; Altimo's $23.8 billion transaction with Telenor to combine their respective holdings in telecom operators VimpelCom of Russia and Kyivstar of Ukraine; Abbott Labs' $2.8 billion acquisition of Advanced Medical Optics, which involved lawyers in five practice areas and eight of the Firm's global offices; and one of the defining distressed deals of the decade - the historic Chrysler restructuring and sale of assets to Fiat.

"2009 was obviously a difficult year in many respects, so it was particularly gratifying to be able to assist so many of our clients in carrying out strategic transactions in a challenging environment," said Robert A. Profusek, leader of Jones Day's M&A Practice. "Our sense is that the level of transactional activity will be extraordinarily high and diverse in 2010. Our goal remains to continue to aid our clients in the pursuit of their corporate strategies around the world."

Jones Day has held the #1 ranking for number of deals worldwide in both the Thomson Reuters and Bloomberg league tables every quarter since year-end 2000.