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October 25, 2021

Top 10 M&A legal advisers in Europe for Q1-Q3 2021 revealed

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-Q3 2021 in its report, ‘Global and Europe M&A Report Legal Adviser League Tables Q1-Q3 2021’.

According to GlobalData’s M&A report, a total of 8,590 mergers and acquisitions (M&A) deals were announced in the region during Q1-Q3 2021. The deal value for the region increased by 70.8% from $466bn during Q1-Q3 2020 to $796bn in Q1-Q3 2021.

Top Advisers by Value and Volume

Freshfields Bruckhaus Deringer and CMS emerged as the top M&A legal advisers in Europe for Q1-Q3 2021 by value and volume, respectively.

Freshfields Bruckhaus Deringer advised on 74 deals worth $105.8bn, thereby leading the value chart, while CMS led the volume chart with 244 deals worth $20bn.

GlobalData lead analyst Aurojyoti Bose said: “CMS was the only company in GlobalData’s study that managed to advise on more than 200 deals during Q1-Q3 2021, outpacing its peers by a healthy margin in terms of volume. However, it lagged behind in terms of value due to its involvement in low-value transactions, and did not even feature among the top ten by value.

“Meanwhile, Freshfields Bruckhaus Deringer managed to top the list by value, despite only advising on 74 deals, due to its involvement in some big-ticket deals. To put this in perspective, the average deal size of the transactions advised by Freshfields Bruckhaus Deringer stood at $1.4bn, compared to $82m for CMS. The mega-deal* acquisition of Deutsche Wohnen by Vonovia played an instrumental role in Freshfields Bruckhaus Deringer’s ranking.”

White & Case took the second spot in the value table, with 112 deals worth $100.2bn. It was followed by Skadden, Arps, Slate, Meagher & Flom, with 53 deals worth $86.9bn; Sullivan & Cromwell , with 16 deals worth $84.6bn; and Clifford Chance , with 100 deals worth $83.7bn.

Baker McKenzie secured the second position in the volume chart with 146 deals worth $23.1bn. It was followed by Allen & Overy with 143 deals worth $36.3bn and DLA Piper with 124 deals worth $8.4bn. White & Case got the fifth place.

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.

 

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