Latham & Watkins and CMS were the top M&A legal advisers by value and volume in the retail sector for Q1 2022, finds GlobalData

Latham & Watkins and CMS have been identified as the top M&A legal advisers in the retail sector in Q1 2022 by value and volume, respectively, according to the latest Legal Advisers League Table by GlobalData. The leading data and analytics company’s Financial Deals Database reveals that Latham & Watkins achieved the top ranking by value by advising on $745 million worth of M&A deals. Meanwhile, CMS led by volume, having advised on a total of four deals.

According to GlobalData’s report, ‘Global and Retail M&A Report Legal Adviser League Tables Q1 2022’, a total of 479 M&A deals worth $16.8 billion were announced in the sector during Q1 2022.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Although CMS led by volume, it lagged significantly in terms of value and was behind its peers by this metric. Meanwhile, Latham & Watkins, apart from leading by value, also occupied the top position by volume.”

An analysis of GlobalData’s Financial Deals Database reveals other high rankers by value included Torys, with deals worth $692 million; Weil Gotshal & Manges, with $510 million; AZB & Partners, with $507 million; and Kirkland & Ellis, with $500 million. By volume, Latham & Watkins occupied the second position, with three deals; followed by AZB & Partners, with three deals; Kirkland & Ellis, with three deals; and Herbert Smith Freehills with three deals.

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