For four years, Sullivan & Cromwell has been the top adviser in mergers and acquisitions. But, Skadden, Arps, Slate, Meagher & Flom has just usurped the throne. Skadden is presenting three very large corporations in their three very large (multi-billion dollar) deals. The three companies include: Capline Corp., Time Warner Inc., and BlackRock Inc. In 2007, Skadden made a profit of $2.2 billion, the most profit reportedly ever made by a law firm.

Source: www.bloomberg.com