Bloomberg has released its M&A league tables for legal advisors (Australia and New Zealand) for the first quarter of 2018 revealing Baker McKenzie topping the table based on deal volume with a market share of 30.4 per cent, up 16.3 per cent from last year, ahead of DLA Piper, Kromann Reumert, King & Wood Mallesons and Herbert Smith Freehills.

Baker McKenzie Head of Corporate Markets in Australia, Ben McLaughlin stated: "It has been a busy start to the year, having acted on a number of transactions and reflects a strong growth trajectory of our clients as they merge and/or acquire new businesses."

Baker McKenzie Head of M&A in Australia, Steven Glanz stated: "Deal flow has been exceptionally strong and this reflects our Firm's deep client relationships where we are called upon, for what are often - transformational deals - which can add significant scale, ultimately growing our clients' businesses, enabling them to compete more effectively within their industry."

The Report found that global M&A activity reached $936.8 billion in Q1 2018, representing an increase of 24.9% compared to the same period last year.

Steven further commented: "I am optimistic about the pipeline of deals coming over the next 12 months barring any calamities in global markets."

Both Ben and Steven indicated that while the Firm has been busy across most industry sectors in the Australian market, there has been particularly high activity across healthcare, consumer goods and retail, along with industrials, manufacturing and transportation.

According to Bloomberg, the Bloomberg M&A Advisory League Tables are the definitive publication of M&A advisory rankings.

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