Torys 'punching above its weight' in law firm league tables, says Financial Post

What Law Firm League Tables Tell Us About Canadian Law Firms’ Strategy

January 16, 2013

The legal advisors’ league tables in mergermarket’s M&A Round-up for 2012 are telling about the success of the strategies Canadian firms have been following regarding international expansion.

Here’s my overall conclusion: So far, the firms who have chosen to eschew merger with international firms are not suffering at all. In fact, from all appearances, they’re doing great — at least to the extent that the rankings are a reflection of their strategic direction so far as M&A is concerned.

(A) firm whose strategy deserves considerable kudos is Torys. The firm has focused its strategy on the domestic market and the US, with a particular emphasis on serving Canadian firms in their ventures south of the border. In this, Torys appears to have succeeded brilliantly. The firm stood 10th in value in U.S. market buyouts, 17th in value in global buyouts, and fifth in value and eighth in volume in Canadian M&A. What’s also important to remember is that we’re talking about a firm that has only three offices (Toronto, Calgary, New York) and less than 300 lawyers — hardly a global giant, but obviously punching way above its weight.

Read the full article here.

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