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Thursday, Feb 9, 2023
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Merger and Acquisition Activity Plummets, But More Deals Coming

Data released last week by Mergermarket revealed that mergers and acquisitions experienced “something of a death rattle” in the first quarter of 2008.

Several top firms reported that merger and acquisition activity dropped by half compared with the same period last year.

Latham & Watkins LLP, which employs more than 100 lawyers in San Diego, went from 81 to 41 deals; Skadden, Arps, Slate, Meagher & Flom LLP from 69 to 32; and Sullivan & Cromwell LLP from 44 to 26.

However, brokers expect the declining value of the dollar to allow for more M & A; activity by overseas clients eager to snap up undervalued targets in sectors such as technology and health care.

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USD Ascends List:

California claims 10 of the nation’s top 100 law schools, according to the 2009 edition of U.S. News & World Report’s America’s Best Graduate Schools.

The University of San Diego School of Law tied for 82nd, with five other schools, on the list. Last year, USD ranked 85th.

Kevin Cole, dean of USD’s law school, said that although the school was “glad for these affirmations” of quality, the rankings “are by no means exact.”

“I am struck by the increased volatility of this year’s rankings,” he said, adding that 10 schools in the top 100 fell more than 10 places.

UCLA and the University of Southern California were among the 10 California law schools that made the list.

Yale University took home top honors, with a student-faculty ratio of 7.4-to-1 and 96.1 percent of 2006 graduates employed at graduation.

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Mommy, What Does Litigation Mean?:

This year, a handful of local law firms will participate in the annual Take Our Daughters and Sons to Work Day, which happens April 24.

Morrison & Foerster LLP’s San Diego office celebrated the day early this year, on April 8, to encourage greater participation. Children spent the day touring the firm’s offices and interviewing attorneys to gather information to include in a hypothetical TV commercial for the firm’s clean technology practice. They were tasked with creating storyboards and presenting their ideas in the boardroom. But don’t think they were working pro bono. At the end of their hardworking day, the children were paid , in ice cream.


Send news about legal services to Heather Chambers,

hchambers@sdbj.com

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