Wall Street Lawyers Aid Adobe’s $20 Billion Deal to Buy Figma

Two elite Wall Street law firms are representing Adobe Inc. in a $20 billion deal to buy Figma, a web collaboration design platform.

Lawyers at Wachtell, Lipton, Rosen & Katz are advising the software company on the transaction, Adobe said in a Thursday announcement. Skadden, Arps, Slate, Meagher & Flom attorneys are advising Adobe on the global antitrust and foreign direct investment portion of the agreement, according to the firm.

The deal would meld Adobe’s graphics editing platform Photoshop with Figma, whose design tool helps users create websites, applications, and logos. The transaction is expected to close next year, following ...