Top Obstacles to Overcome
There’s still plenty of economic uncertainty out there, with respondents citing general economic conditions (42%) and financial market conditions (32%) as the top two factors posing obstacles to deal activity in the next year. Tariffs emerged as a significantly greater concern in 2025, with (30%) of respondents identifying them as a key obstacle to dealmaking—up sharply from just 8% in 2024. Company valuations (29%) and availability of quality targets (22%) are also key factors.
Which of the following were the most common obstacles you experienced in dealmaking over the past 12 months?*
Which of the following factors pose the top obstacles to M&A over the next 12 months?*
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“Every deal has its hurdles—whether it’s valuation gaps, regulatory complexity, or cultural alignment. What we’re seeing from the legal side is that successful transactions increasingly hinge on creativity and collaboration. We are playing a more strategic role, helping parties navigate risk, structure around uncertainty, and keep momentum when challenges arise.”Richard W. Silverthorn |
