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August 2009 - DeHeng Law Offices has risen to the 2nd place in the Asia-Pacific (exclusive of Japan) M&A legal advisory league table by value during the first half of 2009.
According to Mergermarket, during the first half of 2009, DeHeng has advised on $19 billion U.S. Dollars worth of deals. Second to Commerce and Finance, another Beijing based law offices, DeHeng took the top spot in Mergermarket's H1 2009 Asia-Pacific (exclusive of Japan) M&A league table by value. Haiwen & Partners, the only other Chinese firm in the rankings, is in 19th place by volume, having advised on eight deals worth $4.6 billion U.S. Dollars.
The foregoing marks the first time that Chinese law firms have topped a legal advisory lead board. Mergermarket's league tables show there were 462 deals announced during the second quarter of 2009, over 11% more than in the previous quarter. It seems the downward trend in activity seen in the past five quarters in the region may have come to an end. The strong performance of Chinese firms owes much to bustling M&A activity in China, where global share in H1 2009 has increased to 8.3% by value and 7.4% by volume, up from 5.8% and 5.4% respectively in 2008.
Courtesy to: ALB Legal News
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