Source: GlobalData
Allen & Overy top M&A legal adviser in Middle East & Africa during Q1-Q3 2024, finds GlobalData
Posted in Business Fundamentals
Allen & Overy was the top mergers and acquisitions (M&A) legal adviser in the Middle East & African region during the first three quarters (Q1-Q3) of 2024 by value as well as volume, 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 Allen & Overy achieved this leading position by advising on nine deals worth $9.7 billion.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Allen & Overy was the top adviser by value during Q1-Q3 2023 and managed to retain its leadership position by this metric during Q1-Q3 2023 as well. Interestingly, despite experiencing a year-on-year fall in the total value of deals advised by it during Q1-Q3 2024, Allen & Overy outpaced its peers by a significant margin in terms of value. Meanwhile, its ranking by volume improved from second position during Q1-Q3 2023 to the top position during Q1-Q3 2024.”
Bernitsas Law, Latham & Watkins and Simmons & Simmons collectively occupied the second position in terms of value, with each of them advising on $3.4 billion worth of deals, followed by Linklaters with $2.3 billion worth of deals advised.
Meanwhile, White & Case occupied the second position in terms of volume with nine deals, followed by Webber Wentzel with six deals, ENSafrica with six deals, and Naschitz Brandes Amir with four deals.