GlobalData plc
GlobalData plc
04/23/2024 | Press release | Distributed by Public on 04/23/2024 07:32
Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis top M&A legal advisers in technology, media, and telecom sector during Q1 2024
23 Apr, 2024 Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis top M&A legal advisers in technology, media, and telecom sector during Q1 2024
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Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the technology, media, and telecom (TMT) sector during the first quarter (Q1) of 2024 by value and volume, respectively, according to the latest legal advisers league table by GlobalData, a leading data and analytics company.
An analysis of GlobalData's Deals Database reveals that Skadden, Arps, Slate, Meagher & Flom achieved its leading position in terms of value by advising on $66.1 billion worth of deals. Meanwhile, Kirkland & Ellis led in terms of volume by advising on a total of 30 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: "Both Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis outpaced their peers by a significant margin in terms of value and volume in Q1 2024, respectively.
"While Kirkland & Ellis was the top adviser by volume in Q1 2023 and also managed to retain its leadership position by this metric in Q1 2024, Skadden, Arps, Slate, Meagher & Flom went ahead from occupying the 11th position by value in Q1 2023 to top the chart in Q1 2024 due to involvement in big-ticket deals. During Q1 2024, Skadden, Arps, Slate, Meagher & Flom advised on five billion-dollar deals*, which also included three mega deals valued more than $10 billion."
Goodwin Procter occupied the second position in terms of value, by advising on $36.6 billion worth of deals, followed by Paul, Weiss, Rifkind, Wharton & Garrison with $35.1 billion, Cleary Gottlieb Steen & Hamilton with $35 billion, and Kirkland & Ellis with $20.8 billion.
Meanwhile, CMS occupied the second position in terms of volume with 17 deals, followed by DLA Piper with 14 deals, AZB & Partners with 14 deals, and Simpson Thacher & Bartlett with 12 deals.
*Deals valued more than or equal to $1 billion
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