Latham & Watkins and Fasken Martineau DuMoulin were the top mergers and acquisitions (M&A) legal advisers in the retail sector during the first quarter (Q1) of 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 Financial Deals Database reveals that Latham & Watkins achieved the top position in terms of value by advising on $2.2 billion worth of deals. Meanwhile, Fasken Martineau DuMoulin led in terms of volume by advising on three deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The total value of deals advised by Latham & Watkins improved by 87.2% in Q1 2023 over Q1 2022. Against this backdrop, it went ahead from occupying the third position by value in Q1 2022 to top the table in Q1 2023.

“Fasken Martineau DuMoulin, i n addition to leading in deal volume, also presented a strong competition for the top spot in deal value. Ultimately, the company settled for the second position in deal value, having registered $2.1 billion in Q1 2023.”

White & Case occupied the third position in terms of value by advising on $2.1 billion worth of deals. Stikeman Elliott, Wachtell, Lipton, Rosen & Katz, Linklaters, Slaughter and May and Davies Ward Phillips & Vineberg jointly occupied the fourth position in terms of value, having advised on $2.1 billion worth of deals each.

Meanwhile, Baker McKenzie occupied the second position in terms of volume with three deals, followed by CMS with three deals, Latham & Watkins with two deals, and White & Case with two deals.