GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 legal advisers in consumer sector by value and volume for Q1–Q3 2020 in its report, ‘Global and Consumer M&A Review Legal Adviser League Tables Q1-Q3 2020’.
According to GlobalData’s M&A report, a total of 2,244 M&A deals were announced in the consumer sector during the period. There was a 23.2% decrease over the 2,922 deals announced during Q1-Q3 2019. Deal value decreased by 50.3% from $278bn in Q1-Q3 2019 to $138bn in Q1-Q3 2020.
Simpson Thacher & Bartlett tops by value
As per GlobalData’s ranking, Simpson Thacher & Bartlett took top spot with regard to the deal value by advising on 15 deals worth $21bn. This was the highest value among all the advisers. Kirkland & Ellis took the second position, having advised on 28 deals worth $15.4bn.
Jones Day occupied the third position in terms of value with 20 deals worth $8.7bn, followed by Latham & Watkins with 22 deals worth $8.3bn and Wachtell Lipton Rosen & Katz with seven deals worth $8.3bn.
Kirkland & Ellis leads by volume
Having advised on 28 deals worth $15.4bn, Kirkland & Ellis led in terms of volume.
GlobalData financial deals analyst Aurojyoti Bose said: “Kirkland & Ellis was the only firm to advise on more than 20 deals, while also surpassing the $10bn mark in deal value. Resultantly, the firm, apart from leading the volume chart, also occupied the second position by value.”
“On the other hand, Simpson Thacher & Bartlett was the lone adviser to surpass the $20bn mark with average deal size advised by the firm standing at $1.4bn.”
Baker McKenzie occupied the second position in terms of volume with 28 deals worth $7.8bn, followed by White & Case with 23 deals worth $4.6bn.
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