Hogan Lovells and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the construction sector during the first three quarters (Q1-Q3) of 2023 by value and volume, respectively, according to the latest legal advisers league table by GlobalData, which ranks legal advisers by the value and volume of M&A deals on which they advised.

Based on its Financial Deals Database, the leading data and analytics company reveals that Hogan Lovells achieved the leading position in terms of value by advising on $28.4 billion worth of deals. Meanwhile, Kirkland & Ellis led in terms of volume by advising on a total of 15 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Kirkland & Ellis was the top adviser by volume during Q1-Q3 2022 and managed to retain its leadership position by this metric during Q1-Q3 2023 as well.

“Meanwhile, Hogan Lovells experienced a jump in its ranking by this metric in Q1-Q3 2023 compared to Q1-Q2 2022. The total value of deals advised by it jumped by 22.3% in the first three quarters of 2023 compared to the same period in 2022 due to its involvement in some high-value transactions. Hogan Lovells advised on three billion-dollar deals*, of which two were mega deals valued more than $10 billion.”

An analysis of GlobalData’s Financial Deals Database reveals that Quinn Emanuel Urquhart & Sullivan LLP occupied the second position in terms of value, by advising on $27 billion worth of deals, followed by Latham & Watkins with $19.9 billion, Cravath Swaine & Moore with $17.6 billion, and Paul, Weiss, Rifkind, Wharton & Garrison with $16.5 billion.

Meanwhile, CMS occupied the second position in terms of volume with 15 deals, followed by White & Case with 11 deals, Latham & Watkins with nine deals, and Morrison & Foerster with nine deals.

*Deals valued more than or equal to $1 billion