Latham & Watkins and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the technology, media and telecom (TMT) sector during the first three quarters (Q1-Q3) of 2025 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 its leading position in terms of value by advising on $180.5 billion worth of deals. Meanwhile, Kirkland & Ellis led in terms of volume by advising on a total of 106 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Kirkland & Ellis was the top adviser by volume during Q1-Q3 2024 and retained that position during Q1-Q3 2025 as well. It also continues to outpace its peers by a significant margin in terms of volume and was the only adviser with triple-digit deal volume during Q1-Q3 2025. Moreover, it also held the third position by value during the review period.

“Meanwhile, the total value of deals advised by Latham & Watkins increased more than fourfold during Q1-Q3 2025 compared to the same period a year earlier, helping it to improve its ranking from the sixth position to the top position. Latham & Watkins advised on 20 billion-dollar deals during Q1-Q3 2025, including five mega deals valued more than $10 billion. It also held the second position by volume during Q1-Q3 2025.”

Wachtell, Lipton, Rosen & Katz occupied the second position in terms of value, by advising on $161.7 billion worth of deals, followed by Kirkland & Ellis with $140.3 billion, Paul, Weiss, Rifkind, Wharton & Garrison with $125.8 billion, and Cravath Swaine & Moore with $109.4 billion.

Meanwhile, Latham & Watkins occupied the second position in terms of volume with 77 deals, followed by CMS with 56 deals, Wilson Sonsini Goodrich & Rosati with 55 deals, and Gibson, Dunn & Crutcher with 45 deals.

*Valued more than or equal to $1 billion