The report states that M&A activity is due to set a record, with 71% of the large corporations surveyed saying that they will be pursuing acquisitions by Oct. 30, 2021, the largest such percentage registered in 30 years. This high rate is expected to continue into 2022.
The report’s findings indicate a rise in activity across a number of key industries, all deal sizes, and both public and private deals. Deal values are also expected to rise, up by 19% in certain categories.
The report is based on more than 325 in-depth interviews with top legal decision makers following the onset of the pandemic, with respondents assessing law firm performance across eight M&A transaction types. Large organizations with US$1 billion or more in revenue were surveyed, representing more than 15 industry sectors. The report is available on BTI’s website.
BTI Consulting Group is a leading provider of research and consulting to the legal community. Earlier this year, BTI included Reed Smith in its survey of the “Most Recommended Law Firms 2021.”