White & Case and CMS were the top mergers and acquisitions (M&A) legal advisers in the automotive 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 White & Case achieved the top position in terms of value by advising on $15.7 billion worth of deals. Meanwhile, CMS led in terms of volume by advising on three deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “CMS, despite leading by volume, did not feature among the top 10 by value. Meanwhile, White & Case, apart from leading by value, also occupied the second position by volume. On the other hand, White & Case was the only firm with total value of the deals advised exceeding $10 billion during Q1 2023.”

White & Case was distantly followed by Cleary Gottlieb Steen & Hamilton, which occupied the second position in terms of value, by advising on $2 billion worth of deals. Hogan Lovells occupied the third position by value having advised on deals worth $577 million while Loeb & Loeb and Shuffield, Lowman & Wilson, P.A. jointly occupied the fourth position by this metric with $225 million in total deal value each.

Meanwhile, White & Case occupied the second position in terms of volume by advising on two deals, followed by Sidley Austin with two deals, Jones Day with two deals, and Cleary Gottlieb Steen & Hamilton with one deal.