Source: GlobalData
Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis top M&A legal advisers in technology, media and telecom sector during Q1-Q3 2024, reveals GlobalData
Posted in Business Fundamentals
Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the technology, media and telecom sector during the first three quarters (Q1-Q3) of 2024 by value and volume, respectively, according to the latest Legal Advisers League Table, which ranks legal advisers by the value and volume of mergers and acquisition (M&A) deals on which they advised, by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Deals Database reveals that Skadden, Arps, Slate, Meagher & Flom achieved the leading position in terms of value by advising on $121.7 billion worth of deals. Meanwhile, Kirkland & Ellis led in terms of volume by advising on a total of 120 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Kirkland & Ellis was the only adviser to hit triple-digit deal volume during Q1-Q3 2024. It also outpaced its peers by a significant margin in terms of deal volume.
“Meanwhile, Skadden, Arps, Slate, Meagher & Flom was among the only two advisers that managed to surpass $100 billion total deal value mark. Due to involvement in big-ticket deals, it registered a massive 60.8% growth in the total value of deals advised by it during Q1-Q3 2024 compared to Q1-Q3 2023.
“Resultantly, Skadden, Arps, Slate, Meagher & Flom’s ranking by value also improved from the third position during Q1-Q3 2023 to the top position during Q1-Q3 2024. It advised on 15 billion-dollar deals* during Q1-Q3 2024 that also included five mega deals valued more than $10 billion.”
Paul, Weiss, Rifkind, Wharton & Garrison occupied the second position in terms of value, by advising on $107.1 billion worth of deals, followed by Kirkland & Ellis with $75.3 billion, Simpson Thacher & Bartlett with $65 billion and Cleary Gottlieb Steen & Hamilton with $46.5 billion.
Meanwhile, CMS occupied the second position in terms of volume with 58 deals, followed by Simpson Thacher & Bartlett with 48 deals, Latham & Watkins with 44 deals, and Wilson Sonsini Goodrich & Rosati with 43 deals.
*Valued more than or equal to $1 billion