Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis top M&A legal advisers in North America during Q1 2024, reveals GlobalData

19 Apr, 2024 Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis top M&A legal advisers in North America during Q1 2024, reveals GlobalData

Posted in Business Fundamentals

Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the North American region 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 $115.9 billion worth of deals. Meanwhile, Kirkland & Ellis led in terms of volume by advising on a total of 101 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: "Kirkland & Ellis was the clear winner in terms of volume as it was the only adviser to hit the triple-digit deal volume during Q1 2024. Interestingly, it was the top adviser by volume in Q1 2023 as well. Apart from leading by volume, Kirkland & Ellis occupied the fifth position by value in Q1 2024.

"Meanwhile, Skadden, Arps, Slate, Meagher & Flom, which occupied the second position by value in Q1 2023, went ahead to top the chart by this metric in Q1 2024 due to its involvement in big-ticket deals. It is noteworthy that the average size of deals advised by it jumped from $2.4 billion in Q1 2023 to $5.3 billion in Q1 2024."

Wachtell, Lipton, Rosen & Katz occupied the second position in terms of value, by advising on $109.5 billion worth of deals, followed by Paul, Weiss, Rifkind, Wharton & Garrison with $104.2 billion, Cravath Swaine & Moore with $73.8 billion and Kirkland & Ellis with $60.9 billion.

Meanwhile, Latham & Watkins occupied the second position in terms of volume with 33 deals, followed by Gibson, Dunn & Crutcher with 32 deals, Paul, Weiss, Rifkind, Wharton & Garrison with 26 deals and Jones Day with 26 deals.