The Deal, a business unit of TheStreet, Inc announced the results of its rankings of the top firms involved in mergers and acquisitions for the full year 2015 for deal assignments of $100 million or more that involved a U.S. company.
The report includes a ranking of Delaware law firms that were part of mergers and acquisition activity.
TheStreet, co-founded by CNBC cable TV host, Jim Cramer, operates financial websites and news operations that include The Deal.
The Deal reported that 2015 set records in terms of dollar value—$1.9 trillion in announced deals—with the majority of transactions coming from pharmaceutical and semiconductor sectors.
“We saw a massive increase in M&A in 2015 driven by activity in semiconductors and pharmaceuticals,” said David Marcus, senior writer at The Deal. “Chip companies still need to scale and cut costs, so activity should continue in 2016. The aging populations in the West, the political inability or unwillingness to control healthcare spending, the big drug companies’ need for new products and a steady stream of new technologies mean that the wave of M&A in pharmaceuticals will likely continue for many years, though perhaps not at the same pace as last year.”
Top Delaware law firms included in mergers and acquisitions were Richards, Layton & Finger PA, ranked first, with 75 deals; Morris, Nichols, with 74 deals, ranked second; and Potter Anderson & Corroon LLP ranked third, with 27 deals.