GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 legal advisers in retail sector by value and volume for Q1-Q3 2021 in its report, ‘Global and Retail M&A Report Legal Adviser League Tables Q1-Q3 2021’.
According to GlobalData’s M&A report, a total of 1,433 merger and acquisition (M&A) deals were announced in the sector during Q1-Q3 2021, while deal value for the sector increased by 80% from $95bn during Q1-Q3 2020 to $171bn during Q1-Q3 2021.
Top advisers by value and volume
Ashurst and Latham & Watkins were the top M&A legal advisers in the retail sector for Q1-Q3 2021 by value and volume, respectively.
Ashurst advised on four deals worth $27bn, while Latham & Watkins advised on 15 deals worth $9.5bn.
GlobalData lead analyst Aurojyoti Bose said: “The majority of the top ten advisors reported double-digit deal volume, but less than $10bn in total deal value. In contrast, the majority of the top ten advisors by value reported single-digit deal volume, but more than $10bn in total deal value.
“As a result, most of the top ten advisers by value did not feature among the top ten list by volume. Ashurst, despite leading by value, did not find a place among the top ten advisors by volume. Similarly, Latham & Watkins, which led by volume, also did feature among the top ten advisers by value.”
Akin Gump Strauss Hauer & Feld took the second position in terms of value with one deal worth $21bn. It was followed by Clifford Chance with eight deals worth $14.9bn, Weil Gotshal & Manges with 12 deals worth $14.5bn and Jones Day with 12 deals worth $14.3bn.
Weil Gotshal & Manges got the second position in terms of volume. It was followed by Jones Day. Kirkland & Ellis ranked fourth in terms of volume with 12 deals worth $3bn, followed by Paul Weiss Rifkind Wharton & Garrison with 11 deals worth $10.9bn.
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.