GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 legal advisers in construction sector by value and volume for H1 2021 in its report, ‘Global and Construction M&A Report Legal Adviser League Tables H1 2021’.
According to GlobalData’s M&A report, a total of 1,957 M&A deals were announced in the sector during H1 2021, while deal value for the sector increased by 140% from $126bn in H1 2020 to $303bn in H1 2021.
Top advisers by value and volume
Sullivan & Cromwell and Kirkland & Ellis emerged as the top mergers and acquisitions (M&A) legal advisers in the construction sector for H1 2021 by value and volume, respectively.
Sullivan & Cromwell advised on seven deals worth $41.7bn, which was the highest value among all advisers tracked.
Kirkland & Ellis led the volume chart, having advised on 25 deals worth $22.9bn.
GlobalData lead analyst Ravi Tokala said: “Kirkland & Ellis was the only firm that managed to advise on more than 20 deals. However, despite leading by deal volume, it lagged behind its peers in terms of deal value due to its involvement in relatively low-value deals. Surprisingly, it also did not feature among the top five advisors by value.
“In contrast, Sullivan & Cromwell, which advised on fewer but higher value deals, surpassed $41bn. While Sullivan & Cromwell managed to advise on four deals valued more than or equal to $1bn, this also included one deal valued more than $36bn, which offered it an edge and helped it top the list by value. In contrast, Kirkland & Ellis advised on nine deals valued more than $1bn.”
Freshfields Bruckhaus Deringer gained the second position in terms of value, with five deals worth $40.7bn, followed by Hengeler Mueller, with one deal worth $36.4bn.
Wachtell Lipton Rosen & Katz occupied fourth position, with six deals worth $29.7bn, and Latham & Watkins ranked fifth, with 13 deals worth $26.9bn.
Advokatfirman Vinge occupied the second position in terms of volume, with 14 deals worth $9bn, followed by CMS, with 14 deals worth $1.5bn.
Latham & Watkins secured fourth position, while and Simpson Thacher & Bartlett took fifth position, with 13 deals worth $25.1bn.
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.