McCarthy Tetrault was the top mergers and acquisitions (M&A) legal adviser in the metals & mining sector in 2023 by both value and volume, according to the latest legal advisers league table by GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Deals Database reveals that McCarthy Tetrault achieved this leading position by advising on 25 deals worth $33.6 billion.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “McCarthy Tetrault registered a significant improvement in terms of deals volume as well as value and resultantly there was a notable improvement in its rankings by these metrics in 2023 compared to 2022. It went ahead from occupying the ninth position by value in 2022 to top the chart in 2023 while its ranking in terms of deals volume jumped from fourth position in 2022 to the top position in 2023.”

Blake Cassels & Graydon occupied the second position in terms of value, by advising on $25.4 billion worth of deals, followed by Paul, Weiss, Rifkind, Wharton & Garrison with $24.6 billion, Stikeman Elliott with $24.2 billion and White & Case with $24.2 billion.

Meanwhile, Cassels Brock & Blackwell occupied the second position in terms of volume with 22 deals, followed by Fasken Martineau DuMoulin with 22 deals, Blake Cassels & Graydon with 13 deals and Allens with eight deals.