Wachtell, Lipton, Rosen & Katz and Kirkland & Ellis have emerged as the leading legal advisers in the financial services sector for mergers and acquisitions (M&A), in terms of value and volume respectively, in the first three quarters of 2024, according to the latest financial advisers league table by GlobalData.
According to GlobalData’s Deals Database, Wachtell, Lipton, Rosen & Katz secured the top position by value, advising on deals worth a total of $55.67bn.
Go deeper with GlobalData
Kirkland & Ellis led by volume with a total of 48 deals under its guidance.
GlobalData lead analyst Aurojyoti Bose said: “Kirkland & Ellis was the top adviser by volume during Q1-Q3 2023 and managed to retain its leadership position during Q1-Q3 2024 as well.
“Meanwhile, Wachtell, Lipton, Rosen & Katz registered a more than 10-fold jump in the total value of deals advised by it during Q1-Q3 2024 compared to Q1-Q3 2023. Resultantly, its ranking by value also took a major leap from the 16th position during Q1-Q3 2023 to the top position during Q1-Q3 2024.
“Seven of the eight deals advised by Wachtell, Lipton, Rosen & Katz during Q1-Q3 2024 were billion-dollar deals including one mega deal valued at $35.3bn. The involvement in these big-ticket deals helped Wachtell, Lipton, Rosen & Katz register a massive jump in terms of value and its ranking by this metric.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataCravath Swaine & Moore occupied the second place by value, advising on deals amounting to $44.15bn.
Sullivan & Cromwell was next with $40.42bn, Kirkland & Ellis with $38.28bn, and Paul, Weiss, Rifkind, Wharton & Garrison with $33.43bn in advised deal value.
In terms of deal volume, Alston & Bird took the second place with 26 deals.
Skadden, Arps, Slate, Meagher & Flom followed with 22 deals, Luse Gorman with 19, and White & Case with 18 deals.
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory company websites and other reliable sources available in 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 of the data, the company also seeks deal submissions from leading advisers.
