Source: GlobalData
Wachtell, Lipton, Rosen & Katz and Kirkland & Ellis top M&A legal advisers in financial services sector during Q1-Q3 2024, reveals GlobalData
Posted in Business Fundamentals
Wachtell, Lipton, Rosen & Katz and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the financial services sector during Q1-Q3 2024 by value and volume, respectively according to the latest legal advisers league table by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Deals Database reveals that Wachtell, Lipton, Rosen & Katz achieved the top position in terms of value by advising on $55.7 billion worth of deals. Meanwhile, Kirkland & Ellis led in terms of volume by advising on a total of 48 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Kirkland & Ellis was the top adviser by volume during Q1-Q3 2023 and managed to retain its leadership position during Q1-Q3 2024 as well. Meanwhile, Wachtell, Lipton, Rosen & Katz registered a more than 10-fold jump in the total value of deals advised by it during Q1-Q3 2024 compared to Q1-Q3 2023. Resultantly, its ranking by value also took a major leap from the 16th position during Q1-Q3 2023 to the top position during Q1-Q3 2024. Seven of the eight deals advised by Wachtell, Lipton, Rosen & Katz during Q1-Q3 2024 were billion-dollar deals* including one mega deal valued at $35.3 billion. The involvement in these big-ticket deals helped Wachtell, Lipton, Rosen & Katz register a massive jump in terms of value and its ranking by this metric.”
Cravath Swaine & Moore occupied the second position in terms of value, by advising on $44.2 billion worth of deals, followed by Sullivan & Cromwell with $40.4 billion, Kirkland & Ellis with $38.3 billion and Paul, Weiss, Rifkind, Wharton & Garrison with $33.4 billion.
Meanwhile, Alston & Bird occupied the second position in terms of volume with 26 deals, followed by Skadden, Arps, Slate, Meagher & Flom with 22 deals, Luse Gorman PC with 19 deals and White & Case with 18 deals.
*≥ $1 billion