‘Big Is Bad’ Antitrust Explosion Propels Cadre of Top Law Firms

Fighting large corporate breakups is becoming big business for law firms.

Skadden, Arps, Slate, Meagher & Flom, Simpson Thacher & Bartlett, and Davis Polk & Wardwell lead the list of firms representing 10 of the highest market cap companies facing antitrust litigation in the tech, pharmaceutical, and financial sectors, according to a Bloomberg Law analysis.

Those companies—including Amazon, Alphabet Inc., Bank of America, JPMorgan Chase & Co., Johnson & Johnson, and Eli Lilly—have fought more than 1,200 antitrust cases in federal court since 2007.

“Tech giants, financial services, and pharma companies are victims of their own successes,” said Steven Sunshine, ...