View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
October 26, 2021updated 01 Nov 2021 5:07pm

Top 10 global M&A legal advisers in financial services sector for Q1-Q3 2021 revealed

GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 legal advisers in financial services sector by value and volume for Q1-Q3 2021 in its report, ‘Global and Financial Services M&A Report Legal Adviser League Tables Q1-Q3 2021’.

According to GlobalData’s M&A report, a total of 2,804 merger and acquisition (M&A) deals were announced in the sector during Q1-Q3 2021, while deal value for the sector increased by 55.9% from $272bn during Q1-Q3 2020 to $424bn during Q1-Q3 2021.

Top advisers by value and volume

Sullivan & Cromwell and Kirkland & Ellis emerged as the top M&A legal advisers in the financial services sector for Q1-Q3 2021 by value and volume, respectively.

Sullivan & Cromwell advised on 31 deals worth $64.6bn, while Kirkland & Ellis advised on 51 deals worth $13.5bn.

GlobalData lead analyst Aurojyoti Bose said: “Kirkland & Ellis was the only firm to advise on more than 50 deals. However, it lagged behind its peers in terms of deal value due to its involvement in low-value deals. Surprisingly, it also did not feature among the top ten advisers by value.”

“In contrast, Sullivan & Cromwell, which advised on fewer but big-ticket deals, was the only adviser to surpass $60bn in total deal value. While Sullivan & Cromwell managed to advise on 14 billion-dollar deals (valued more than or equal to $1bn) that also included one deal valued more than $10bn, Kirkland & Ellis only advised on four deals valued more than $1bn.”

Wachtell Lipton Rosen & Katz took the second position in the value chart with 22 deals worth $51.9bn. It was followed by Skadden, Arps, Slate, Meagher & Flom with 39 deals worth $49.4bn, Cravath Swaine & Moore with seven deals worth $45.1bn and Simpson Thacher & Bartlett occupied fifth position with 29 deals worth $43.5bn.

Skadden, Arps, Slate, Meagher & Flom secured the second position in the volume chart. It was followed by Alston & Bird with 38 deals worth $6.8bn. Sullivan & Cromwell ranked fourth in terms of volume and Willkie Farr & Gallagher got the fifth position with 31 deals worth $10.5bn.

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.

 

 

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International