GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 legal advisers in technology, media & telecom by value and volume for Q1–Q3 2020 in its report, ‘Global and Technology, Media & Telecom M&A Report Legal Adviser League Tables Q1-Q3 2020’.
According to GlobalData’s M&A report, a total 6,608 M&A deals were announced in sector during this timeframe, representing an 8.6% increase over the 6,085 deals announced during the same period in 2019. The deal value increased by 5.7% from $630bn in Q1-Q3 2019 to $666bn in Q1-Q3 2020.
Kirkland & Ellis tops by value and volume
As per GlobalData’s ranking, Kirkland & Ellis became the top financial adviser for mergers and acquisitions (M&A) by value and volume, having advised on 135 deals worth $74.9bn.
GlobalData lead analyst Aurojyoti Bose said: ““Kirkland & Ellis was the only legal advisor that managed to advise on more than 100 deals amid the challenges brought by Covid-19. It also advised on 13 deals valued more than or equal to $1bn, which included two mega-deals (deals valued more than or equal to $10bn). This helped the firm outpace its peers by a great margin in terms of volume and value.”
Skadden, Arps, Slate, Meagher & Flom occupied second position in terms of value with 40 deals worth $54.1bn in total, followed by Cleary Gottlieb Steen & Hamilton with 17 deals worth $52.7bn, and Weil Gotshal & Manges with 56 deals worth $50.1bn .
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By GlobalDataBose added: “Fenwick & West and Jones Day occupied second position and third position by volume with 83 deals each worth a total of $25.1bn and $24.8bn, respectively; followed by Latham & Watkins with 78 deals worth $34.6bn in total.”
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