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 Q1-Q3 2021 in its report, ‘Global and Construction M&A Report Legal Adviser League Tables Q1-Q3 2021’.
According to GlobalData’s M&A report, a total of 3,001 merger and acquisition (M&A) deals were announced in the sector during Q1-Q3 2021, while deal value for the sector increased by 135.6% from $180bn during Q1-Q3 2020 to $424bn during Q1-Q3 2021.
Top advisers by value and volume
Sullivan & Cromwell and Kirkland & Ellis were the top M&A legal advisers in the construction sector for Q1-Q3 2021 by value and volume, respectively,
Sullivan & Cromwell advised on 12 deals worth $61.1bn, while Kirkland & Ellis advised on 34 deals worth $28.1bn.
GlobalData lead analyst Aurojyoti Bose said: “Sullivan & Cromwell was the only firm that managed to cross the $50bn mark, while Kirkland & Ellis was also the only firm to advise on more than 30 deals. However, Kirkland & Ellis lagged in terms of value due to its involvement in low-value transactions and had to settle for the tenth position by value. Interestingly, Sullivan & Cromwell lagged in terms of volume and also had to settle for the tenth position by volume.”
Freshfields Bruckhaus Deringer took the second position in the value chart with seven deals worth $47bn. It was followed by Cravath Swaine & Moore with five deals worth $43.8bn, Latham & Watkins with 25 deals worth $39.9bn and Skadden, Arps, Slate, Meagher & Flom with 11 deals worth $38.2bn.
Latham & Watkins secured the second spot in the volume table. It was followed by CMS with 22 deals worth $1.8bn, Advokatfirman Vinge with 19 deals worth $9.1bn and Simpson Thacher & Bartlett with 18 deals worth $34.5bn.
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.