Sullivan & Cromwell climbs to No. 2 spot in dealmaker league table
Sullivan & Cromwell has climbed five spots to the No. 2 spot in the Thomson Reuters league tables for dealmakers. The firm advised on $230.2 billion worth of deals this year, compared with last year’s figure of $218.7 billion – a figure that had the firm ranked in the No. 7 spot in 2009.
The firm’s Senior Chairman Rodgin Cohen said that deal activity could pick up next year if the economy improves and countries refrain from putting barriers to the flow of capital. He added: "There is an awful lot of pent-up demand. So if things don't go south economically, I can see a pretty decent year in M&A.”
The first place in the deal ranking was taken by Skadden, Arps, Slate, Meagher & Flom, who topped the league tables for the second year in a row, with $262.8 billion in deals so far.
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