Research and analysis company GlobalData published its mergers and acquisitions (M&A) legal advisors league table for Q1 2024 in the technology, media and telecom (TMT) sector.
Skadden, Arps, Slate, Meagher & Flom led the ranking in total value of deals advised on, followed by Goodwin Proctor and Paul, Weiss, Rifkind, Wharton & Garrison.
The league table was compiled by GlobalData using data from its financial deals data base.
Skadden, Arps, Slate, Meagher & Flom earned its lead position by advising on deals collectively worth $66.1bn.
Goodwin Proctor followed Skadden, Arps, Slate, Meagher & Flom by advising on deals with a collective value of $36bn.
Kirkland & Ellis led the way in advising on the highest number of deals, advising on 30 deals during the first quarter of 2024.
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By GlobalDataAurojyoti Bose, lead analyst at GlobalData, gave his perspective on the results.
“Both Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis outpaced their peers by a significant margin in terms of value and volume in Q1 2024, respectively,” stated Bose.
“While Kirkland & Ellis was the top adviser by volume in Q1 2023 and also managed to retain its leadership position by this metric in Q1 2024, Skadden, Arps, Slate, Meagher & Flom went ahead from occupying the 11th position by value in Q1 2023 to top the chart in Q1 2024 due to involvement in big-ticket deals,” he said.
“During Q1 2024, Skadden, Arps, Slate, Meagher & Flom advised on five billion-dollar deals, which also included three mega deals valued more than $10bn,” he added.