Post by Bloomberg Law

The AI deal frenzy is creating new winners across Big Law's M&A market. Bloomberg Law's latest league tables show Gibson Dunn leading the rankings through the second quarter, advising on $501.7 billion in deal value. Sullivan & Cromwell LLP followed closely behind, with Kirkland & Ellis, Latham & Watkins, and Wachtell Lipton Rosen & Katz rounding out the top five. Much of the movement reflects firms' roles on high-profile transactions involving AI leaders, including deals connected to xAI, SpaceX, OpenAI, and Anthropic. With anticipated AI IPOs expected to unlock additional capital and deal activity, firms with strong capital markets and M&A practices may continue to benefit. Read more: bit.ly/4bj2UKA