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 2021 in its report, ‘Global and Consumer M&A Report Legal Adviser League Tables Q1-Q3 2021’.

According to GlobalData’s M&A report, a total of 2,854 mergers and acquisitions (M&A) deals were announced in the sector during Q1-Q3 2021, while deal value for the sector increased by 89.2% from $167bn during Q1-Q3 2020 to $316bn during Q1-Q3 2021.

Top advisers by value and volume

Simpson Thacher & Bartlett and Kirkland & Ellis emerged as the top M&A legal advisers in the consumer sector for Q1-Q3 2021 by value and volume, respectively.

Simpson Thacher & Bartlett advised on 16 deals worth $36.9bn. Kirkland & Ellis advised on 58 deals worth $19bn.

GlobalData lead analyst Aurojyoti Bose said: Both Simpson Thacher & Bartlett and Kirkland & Ellis were clear winners by value and volume, respectively, and both hit milestones for the Q1-Q3 2021 period. Simpson Thacher & Bartlett was the only firm that managed to cross the $30bn mark, while Kirkland & Ellis was the only firm to advise on more than 50 deals.

“Kirkland & Ellis secured the fourth rank by value. Meanwhile, Simpson Thacher & Bartlett did not feature among the top ten by volume.”

Latham & Watkins took the second spot in terms of value with 43 deals worth $28.2bn. It was followed by Blake Cassels & Graydon with 15 deals worth $20.3bn.

Kirkland & Ellis secured the fourth position in the value table, followed by Davis Polk & Wardwell with 16 deals worth $17.4bn.

Latham & Watkins got the second spot in terms of volume. It was followed by Allen & Overy with 34 deals worth $1.6bn, CMS with 33 deals worth $2.1bn and Jones Day with 30 deals worth $1.8bn.

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.