Covington & Burling and TriLegal were the top mergers and acquisitions (M&A) legal advisers in the Asia-Pacific 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 revealed that Covington & Burling achieved the leading position in terms of value by advising on $6 billion worth of deals. Meanwhile, TriLegal led in terms of volume by advising on a total of 15 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “TriLegal was the only legal adviser with double-digit deal volume during Q1 2024 and apart from leading by volume, it also occupied the ninth position by value during the quarter.

“Meanwhile, Covington & Burling topped the table in terms of value by advising on only two deals. The involvement in $5.7 billion Renesas–Altium M&A deal played a pivotal role for Covington & Burling in securing the top position by value.”

Herbert Smith Freehills occupied the second position in terms of value, by advising on $6 billion worth of deals, followed by DLA Piper with $6 billion, King & Wood Mallesons with $5.8 billion and Nagashima Ohno & Tsunematsu with $5.7 billion.

Meanwhile, AZB & Partners occupied the second position in terms of volume with eight deals, followed by Khaitan & Co with seven deals, Herbert Smith Freehills with five deals and Allens with five deals.