Leading data and analytics company GlobalData has published its league tables for the top ten legal advisers by value and volume in the consumer sector for Q1-Q3 2022.
During the nine-month period, 2,946 merger and acquisition (M&A) deals worth a total of $176.8bn were announced in the sector.
Top advisers by value and volume
According to GlobalData’s ‘Global and Consumer M&A Report Legal Adviser League Tables Q1-Q3 2022’, Davis Polk & Wardwell and Kirkland & Ellis emerged as the top advisers in the sector during the period by value and volume, respectively.
Davis Polk & Wardwell advised on $29.7bn worth of deals, while Kirkland & Ellis advised on a total of 42 deals.
GlobalData lead analyst Aurojyoti Bose said: “Kirkland & Ellis was the only firm to advise on more than 40 deals during Q1–Q3 2022 and didn’t face any major competition for the top position by volume.
“However, Davis Polk & Wardwell, which led by value, faced strong competition from Paul, Weiss, Rifkind, Wharton & Garrison, which missed the top spot by a whisker and settled for the second position by this metric.
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By GlobalData“Interestingly, Paul, Weiss, Rifkind, Wharton & Garrison advised on a higher number of billion-dollar deals compared to Davis Polk & Wardwell.
“While Paul, Weiss, Rifkind, Wharton & Garrison advised on six billion-dollar deals, Davis Polk & Wardwell advised on four billion-dollar deals but one of these was a mega deal valued more than $10bn, which made all the difference.”
According to GlobalData’s financial deals database, other high rankers by value included Latham & Watkins at the third position with $25.8bn worth of deals; followed by Skadden, Arps, Slate, Meagher & Flom with $25.5bn; and Simpson Thacher & Bartlett with $18.9bn.
In terms of volume, Latham & Watkins secured the second spot with 32 deals; followed by Jones Day with 27 deals, White & Case with 22, and Skadden, Arps, Slate, Meagher & Flom with 18 deals.
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 improve the reliability of the data, the company also seeks submissions from leading advisers through adviser submission forms on its website.