Fig. 4 Number of initial poison pill adoptions by year for all exchange-listed firms in the period 1984-91. Also, market share of large law firms used in pill adoptions. The 'big-two' law firms are Wachtell Lipton and Skadden Arps. The 'next-seven' law firms are Fried Frank Harris, Sullivan Cromwell, Cravath Swaine, Paul Weiss, Wilkie Farr, Shearman Sterling, and Jones Day.

© Copyright 1995, Elsevier
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