GlobalData, a leading data and analytics company, has revealed its league tables for top 10 legal advisers by value and volume in Europe for Q1 2021 in its report, ‘Global and Europe M&A Report Legal Adviser League Tables Q1 2021’.
According to GlobalData’s M&A report, a total of 2,760 M&A deals were announced in the region during Q1 2021, while deal value increased by 6.1% from $230bn in Q1 2020 to $244bn in Q1 2021 in the region.
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Top Advisers by Value and Volume
Cravath Swaine & Moore and CMS emerged as the top mergers and acquisitions (M&A) legal advisers in Europe for Q1 2021 by value and volume, respectively.
Cravath Swaine & Moore advised on eight deals valued at $55.4bn, which was the highest value among all the advisers. CMS led the volume chart, having advised on 64 deals worth $4.4bn.
GlobalData lead analyst Aurojyoti Bose said: “CMS was the only adviser that managed to advise on more than 50 deals during Q1 2021, outpacing its peers by a great margin in terms of volume. However, it lagged behind in terms of deal value due to involvement in low-value transactions and did not even feature among the top 10 advisors by value.
“Meanwhile, Cravath Swaine & Moore, which advised on just eight deals, managed to top the list by value due to its involvement in big ticket deals. While the average deal size of transactions advised by Cravath Swaine & Moore stood at US$6.9bn, it was just $69m for CMS.”
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By GlobalDataBlake Cassels & Graydon took the second spot in terms of value with four deals worth $38.7bn, followed by McCann FitzGerald with two deals worth $32.4bn and NautaDutilh with seven deals worth $32bn.
Allen & Overy secured the second position by volume with 34 deals worth $6bn, followed by White & Case with 31 deals worth $19.8bn and DLA Piper with 31 deals worth $2.6bn.
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.
To ensure further robustness to the data, the company also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website.
