Mergers and acquisitions worth at least $10 billion have seen significant growth in the first quarter, indicating a vibrant M&A market. Major deals include Home Depot's $18.25 billion acquisition of SRS Distribution and Apollo Global Management's $11 billion offer for Paramount Global's studio division.
Amid a burgeoning M&A market trend, large-scale transactions continue to thrive with private equity firms like Silver Lake's $13 billion acquisition of Endeavor Group Holdings. Total dealmaking in Q1 surged by 24%, with notable deals like SLB's $7.75 billion bid for ChampionX and Swisscom's $8.7 billion acquisition of Vodafone's Italian business.
Lateral partner hiring at top law firms, up by approximately 20% in early 2024, indicates a preparedness for the increased mega-deal activity. Law firms anticipate a significant workload ahead, fueled by ongoing deals like Gildan Activewear's market cap of around $6 billion.
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