Bright Spot in M&A for 2 Law Firms: Paul Weiss, Kirkland & Ellis Manage $4.6 Billion Deal

Among smart players there is the fundamental insight: It doesn't matter what the market is doing. It's what you're doing. After all, not everyone lost out during The Great Depression.

On the one hand, M&A hasn't been recovering as many tied to dealmakng had anticipated. A sign of that have been the ongoing reductions-in-force in professional services, ranging from Wall Sreet to management consulting to law. 

On the other hand, for some there has been some big action. Both law firms Paul Weiss and Kirkland & Ellis are involved in the legalities of IBM's $4.6 billion acquistion of Apptio. Founded iin 2007, Apptio provides cloud-based software to those managing IT. 

As Bloomberg Law reports, Paul Weiss represents IBM. Kirkland & Ellis represents Apptio's seller Vista Equity Partners. The deal is expected to be completed during the second half of this year. 

There is that cliche: A rising tide lifts all boats. 

This high-profile deal can be leveraged by Paul Weiss and Kirkland & Ellis to attract more M&A assignments. As many know, recently Paul Weiss poached from Morgan Stanley dealmaking powerhouse Rob Kindler. He also has built a reputation for defendng businesses in proxy fights. 

Kirkland & Ellis is reported to scout out M&A work in Saudi Arabia. There dealmaking has caught fire. 

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