GlobalData, a leading data and analytics company, has revealed its league tables for top 10 legal advisers by value and volume in Asia-Pacific (APAC) region for  Q1 2021 in its report, ‘Global and Asia-Pacific M&A Report Legal Adviser League Tables Q1 2021’.

According to GlobalData’s M&A report, a total of 1,773 M&A deals were announced in the region during Q1 2021, while deal value for the region saw year-on-year decrease of 25% from $133bn to $99bn.

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Top Advisers by Value and Volume

Linklaters and AZB & Partners were the top mergers and acquisitions (M&A) legal advisers in the Asia-Pacific (APAC) region for Q1 2021 by value and volume, respectively.

Linklaters advised on four deals valued $14.3bn – the highest value among all the advisers. AZB & Partners led the volume chart, having advised on 12 deals worth $2.2bn.

GlobalData lead analyst Aurojyoti Bose said: “AZB & Partners was the only adviser to advise on more than 10 deals. However, the firm not only lost the top position by value to Linklaters but also failed to find a place among the top 10 advisors by value due to the involvement in low-value transactions.

“Meanwhile, Linklaters, despite advising on one-third of the number of deals advised by AZB & Partners, occupied the top position by value due to involvement in big-ticket deals. While the average transaction of deals advised by Linklaters stood at $3.6bn, it was just $182m for AZB & Partners. Linklaters also occupied the eighth position among the top 10 advisors by volume.”

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An analysis of GlobalData’s Financial Deals Database showed that Shearman & Sterling took the second position in terms of value with two deals valued $9.5bn. It was followed by Allen & Overy with four deals worth $7.5bn and Ashurst with six deals worth $6.5bn.

Herbert Smith Freehills got the second position by volume with eight deals worth $420m followed by Ashurst. Gilbert + Tobin secured the fourth position by volume with six deals worth $4.1bn.

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.