Analysis

Attys Head To JPMorgan Conference In Shaky Deals Climate

By Tom Zanki (January 4, 2019, 7:54 PM EST) -- Deals lawyers heading to San Francisco to work the JPMorgan Healthcare Conference, an annual networking extravaganza beginning on Monday that is designed to jump-start the year's transactions, face a more uncertain climate compared with the bullish mood one year ago.

The contrast stems from a volatile equities market that has started the new year much like it concluded 2018: prone to price swings and sensitive to political or macroeconomic events. When valuations of companies are unsteady, deals become harder to price.

"Notwithstanding the BMS-Celgene deal, we are starting to see a shift from bullish to caution," Ropes & Gray LLP partner...

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