Source: GlobalData
Kirkland & Ellis top M&A legal adviser during Q1-Q3 2024, finds GlobalData
Posted in Business Fundamentals
Kirkland & Ellis emerged as the top mergers and acquisitions (M&A) legal adviser by both value and volume globally during Q1-Q3 2024, 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 has revealed that Kirkland & Ellis achieved the leading position by advising on 423 deals worth $ 310.5 billion.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Interestingly, Kirkland & Ellis was the top adviser by both volume and value during Q1-Q3 2023 and also managed to retain its leadership position during Q1-Q3 2024 as well. It was the only firm to advise on more than 400 deals during Q1-Q3 2024. Of these, 63 were billion-dollar deals* that also included seven mega deals valued more than $10 billion. Involvement in such big-ticket deals helped it occupy the top position by value as well.
“However, although Kirkland & Ellis outpaced its peers by a significant margin in terms of deal volume, it faced close competition from Skadden, Arps, Slate, Meagher & Flom for the top position by value.”
Skadden, Arps, Slate, Meagher & Flom occupied the second position in terms of value by advising on $301.9 billion worth of deals, followed by Paul, Weiss, Rifkind, Wharton & Garrison with $232.1 billion, Cravath Swaine & Moore with $197.4 billion, and Latham & Watkins with $193.8 billion.
Meanwhile, in terms of volume ranking, Kirkland & Ellis was distantly followed by CMS with 204 deals. White & Case occupied the third position in terms of volume by advising on 182, followed by Latham & Watkins with 176 deals, and Allen & Overy with 135 deals.
*Deals valued more than or equal to $1 billion