Simpson Thacher & Bartlett and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the construction sector for Q1-Q3 2022 by deal value and deal 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 has revealed that Simpson Thacher & Bartlett achieved its leading position by value by advising on $74 billion worth of deals. Meanwhile, Kirkland & Ellis led by volume by advising on a total of 27 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Simpson Thacher & Bartlett and Kirkland & Ellis emerged as clear winners, outpacing their peers by a significant margin. Simpson Thacher & Bartlett was the only firm to surpass $70 billion in total deal value, while Kirkland & Ellis was the only firm to advise on more than 20 deals during Q1-Q3 2022.

“Moreover, Kirkland & Ellis managed to advise on eight billion-dollar deals*, one of which was a ‘mega deal’ valued more than $10 billion. Due to its involvement in these big-ticket deals, Kirkland & Ellis was able to occupy the eighth position by value, as well as its leading position by deal volume. Similarly, Simpson Thacher & Bartlett, occupied the tenth position by volume alongside its leading position by deal value.”

Analysis of GlobalData’s Financial Deals Database reveals that Fried, Frank, Harris, Shriver & Jacobson occupied the second position by value, by advising on $45.8 billion worth of deals; followed by  Alston & Bird, with $43.9 billion. Gatti Pavesi Bianchi Ludovici and Legance – Avvocati Associati jointly occupied the fourth position by value, with each advising on deals worth $39.5 billion. Meanwhile, CMS occupied the second position in terms of volume with 19 deals; followed by Baker McKenzie, with 18 deals; Latham & Watkins, with 14 deals; and AZB & Partners, with 12 deals.

According to GlobalData’s report, ‘Global and Construction M&A Report Legal Adviser League Tables Q1-Q3 2022’, a total of 3,203 M&A deals worth $310.2 billion were announced in the sector during Q1-Q3 2022.

* Valued more than or equal to $1 billion.