Facts & Figures: GCs are becoming more involved in business strategy

From mammoth mergers to profitable practice areas, an inside look at the numbers that count

Merger Mavens

Skadden, Arps, Slate, Meagher & Flom topped Thomson Reuters’ list of law firms that advised on the highest-value mergers and acquisition deals last year, jumping from the No. 6 spot it earned in 2011. Skadden’s success was partially due to several whopping transactions, including Rosneft Oil Co.’s $56 billion acquisition of Russian oil producer TNK-BP. Simpson Thacher & Bartlett—last year’s top M&A adviser—and Sullivan & Cromwell rounded out the top three spots.


Compliance Concerns

Profitable Practices

Law students take note: If you want to find a legal job, consider focusing on litigation, business law or healthcare law. At least, that’s what respondents to a recent Robert Half Legal survey advise. The 200 law firm and corporate attorneys surveyed predicted that those three practice areas will offer the greatest number of job opportunities in 2013. Robert Half Legal also noted that, with law firms and corporations competing for top legal talent, many organizations are upping their retention efforts in an attempt to hold on to valued employees.

Evolving Expectations

As governments continue to pass complex regulations, and new technologies lead to more privacy and security concerns, GCs have found that their responsibilities are evolving, according to professional services firm KPMG’s first Global General Counsel Survey. The 320 GCs who responded to the survey predicted that compliance with ever-evolving government regulations and ensuring data security will be their top business concerns over the next five years. On top of those responsibilities, more than two-thirds of respondents said that they are more involved in their organization’s business strategy than they were five years ago.

Alanna Byrne

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