04 Aug, 2022 Simpson Thacher & Bartlett and Kirkland & Ellis top M&A legal advisers by value and volume in the technology, media, and telecom sector for H1 2022, finds GlobalData
Posted in Business FundamentalsSimpson Thacher & Bartlett and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the technology, media, and telecom (TMT) sector for H1 2022 by value and 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 $209.5 billion worth of deals. Meanwhile, Kirkland & Ellis led by volume by advising on a total of 130 deals.
According to GlobalData’s report, ‘Global and Technology, Media & Telecom M&A Report Legal Adviser League Tables H1 2022’, a total of 5,864 M&A deals worth $603.3 billion were announced in the sector during H1 2022.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Simpson Thacher & Bartlett and Kirkland & Ellis were clear winners, outpacing their peers by a significant margin. While Simpson Thacher & Bartlett was the only firm to surpass $200 billion in total deal value, Kirkland & Ellis was the only firm to register triple-digit deal volume. Moreover, Kirkland & Ellis, apart from leading by volume, also occupied the tenth position by value.”
Analysis of GlobalData’s Financial Deals Database reveals that Skadden, Arps, Slate, Meagher & Flom occupied the second position by value, by advising on $133.9 billion worth of deals; followed by Wachtell Lipton Rosen & Katz, with $121.2 billion; Sullivan & Cromwell, with $103.5 billion; and Cleary Gottlieb Steen & Hamilton, with $89.8 billion.
Meanwhile, Latham & Watkins occupied the second position in terms of volume with 92 deals; followed by Willkie Farr & Gallagher, with 92 deals; CMS, with 73 deals; and Goodwin Procter, with 68 deals.