Lawyer: M&A Practice Is Booming; Likely to Continue
Nov. 26 (Bloomberg Law) -- Bill Lawlor, an M&A partner at Dechert LLP, tells Bloomberg Law's Lee Pacchia that the years-long drought in mergers and acquisitions activity may finally be drawing to a close. His office is seeing a spike in M&A activity that, barring disaster, he expects to see continue through the medium and longer term. As for specific sectors and industries primed for increased deal flow, Lawlor says that the spike in activity is somewhat arbitrary and that "M&A catalysts are a real mosaic of chance encounters." And despite all the talk of clients wanting to move away from hourly rates to alternative fee arrangements, many clients are simply using those requests as a "stalking horse" to reduce their legal costs, not to fundamentally change the way their lawyers are paid, he says.