Davis Polk & Wardwell and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the retail sector in 2022 by value and volume, respectively, according to the latest legal advisers league table by GlobalData.

Based on its Financial Deals Database, the leading data and analytics company has revealed that Davis Polk & Wardwell achieved its leading position in terms of value by advising on $3.7 billion worth of deals. Meanwhile, Kirkland & Ellis led in volume terms by advising on a total of 17 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Kirkland & Ellis was among the only three advisors to have double-digit deal volume. It also managed to advise on few big-ticket deals and was just shy of hitting $2 billion mark. Kirkland & Ellis advised on five deals valued more than $100 million in 2022. Resultantly, it has occupied the sixth position by value.”

“Meanwhile, of the four deals advised by Davis Polk & Wardwell, three were billion-dollar deals*, which helped it top the chart by value.”

An analysis of GlobalData’s Financial Deals Database reveals that White & Case occupied the second position in terms of value, by advising on $3.5 billion worth of deals, followed by Cleary Gottlieb Steen & Hamilton with $2.4 billion, Allen & Overy with $2.2 billion, and Clifford Chance with $2.1 billion.

Meanwhile, CMS occupied the second position in terms of volume with 13 deals, followed by AZB & Partners with 12 deals, Dentons with eight deals, and White & Case with seven deals.