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

According to GlobalData’s M&A report, a total of 5,414 M&A deals were announced in the region during Q1-Q3 2021. The deal value for the region decreased by 7.1% from $495bn in Q1-Q3 2020 to $460bn in Q1-Q3 2021.

Top Advisers by Value and Volume

Allens and AZB & Partners have emerged as the top mergers and acquisitions (M&A) legal advisers by value and volume, respectively, in the Asia-Pacific (APAC) region during Q1-Q3 2021.

Allens advised on 25 deals worth $68.5bn, the highest value among all the advisers.

AZB & Partners led in volume terms, having advised on 52 deals worth $30.2bn

GlobalData lead analyst Aurojyoti Bose said: “AZB & Partners was the only adviser that managed to advise on more than 50 deals during Q1-Q3 2021. However, it lagged in terms of value due to its involvement in only six billion-dollar deals (≥$1bn) and had to settle at the sixth rank among the top 10 advisers by value.

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“On the other hand, Allens, even though advised on less number of deals compared to AZB & Partners, managed to top the list by value due to its involvement in relatively a greater number of big-ticket deals. Allens advised on 10 billion-dollar deals, out of which two are mega deals (≥$10bn).”

Herbert Smith Freehills occupied the second position in terms of value with 45 deals worth $61.1bn, followed by Gilbert + Tobin with 26 deals worth $41.8bn, Dechert with 11 deals worth $39.1bn and Jones Day with 14 deals worth $38.4bn.

Khaitan occupied the second position in terms of volume with 46 deals worth US$7.2bn, followed by Herbert Smith Freehills. HWL Ebsworth Lawyers ranked fourth by volume with 30 deals worth $292m, followed by Allen & Overy with 28 deals worth $24.9bn.

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.