Michael Woodard, chair of McGuireWoods’ M&A and Energy Transactional Department, in an
article titled “Legal Deal Work Zooms Into 2021.” The article looked at the state
of deal activity during the height of the coronavirus pandemic.
Despite fears that the pandemic would bring deal activity to a standstill,
transactional work remained strong in 2020 — including notable
fourth-quarter gains — as lawyers learned to navigate new challenges.
The article credited effective merger agreements, an increase in video
conference negotiations and a market eager to transact for keeping deal
activity on track during the crisis. It also highlighted available
financing, buoyant equity markets and buyer confidence as drivers to keep
activity moving in 2021.
For the coming year, Woodard predicted an increase in creative deal
structures ranging from earn-outs and minority investments with buyout
rights to joint ventures.
McGuireWoods ranks among the leading law firms for U.S. and global M&A
deals, including private equity transactions. The firm placed fifth for the
number of deals involving U.S. targets in Refinitiv’s 2020 year-end league
tables and was sixth for U.S. deal count in Bloomberg’s league tables.
McGuireWoods was ninth in Refinitiv’s rankings and 10th in Bloomberg’s
report for global M&A deals.