Kirkland & Ellis top M&A legal adviser for Q1 2021, says GlobalData

Kirkland & Ellis was the top legal adviser for mergers and acquisitions (M&A) deals by both deal value and volume for Q1 2021, having advised on 213 deals worth $132.3bn, according to GlobalData, a leading data and analytics company.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Kirkland & Ellis was the only adviser that managed to advise on more than 200 deals during Q1 2020. The firm also advised on 32 deals worth greater than or equal to $1bn, and was among the few advisors that managed to surpass the $100bn mark.

“Kirkland & Ellis witnessed 36.5% growth in deal volume and 48.2% growth in deal value during Q1 2021 compared to Q1 2020. This growth, coupled with involvement in big-ticket deals, helped the firm top the list.”

Sullivan & Cromwell occupied second position by value, with 36 deals worth $120.1bn, followed by Paul Weiss Rifkind Wharton & Garrison with 52 deals worth $114.9bn and Simpson Thacher & Bartlett with 51 deals worth $113bn.

Latham & Watkins occupied the second position by volume with 119 deals worth $111.9bn, followed by Jones Day with 92 deals worth $27.9bn and Goodwin Procter with 85 deals worth $34.5bn.

Bose adds: “Akin to Kirkland & Ellis, the majority of the top 20 advisors witnessed growth in both deal value and volume in Q1 2021 compared to Q1 2020, which could be indicative of a revival of optimism for deal making.”

Of the top 20 advisers by total deal value, 18 witnessed growth in value in Q1 2021 compared to Q1 2020.

Further, 12 of the top 20 advisers by total number of deals witnessed growth in advised deal volume in Q1 2021 compared to Q1 2020.

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