Allen & Overy and White & Case were the top mergers and acquisitions (M&A) legal advisers in the automotive sector in 2023 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 Allen & Overy achieved its leading position in terms of value by advising on $5.5 billion worth of deals. Meanwhile, White & Case led in terms of volume by advising on a total of seven deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “None of the advisers were able to able to hit the double-digit deal volume or $10 billion mark in 2023. Meanwhile, both Allen & Overy and White & Case registered improvement in terms of deal value and volume and their rankings by these metrics in 2023 compared to the previous year.”

Hengeler Mueller occupied the second position in terms of value, by advising on $4.5 billion worth of deals, followed by White & Case with $4.4 billion, Clifford Chance with $2.3 billion and Cleary Gottlieb Steen & Hamilton with $2 billion.

Meanwhile, Baker McKenzie occupied the second position in terms of volume with five deals, followed by Kirkland & Ellis with five deals, CMS with five deals and Allen & Overy with four deals.