White & Case was the top mergers and acquisitions (M&A) legal adviser in the Middle East & Africa region in the first quarter (Q1) of 2023 by both value and volume, according to the latest financial 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 leading position by advising on four deals worth $5.3 billion.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “White & Case was the clear winner by value as it was the only company to advise on more than $5 billion worth of deals during Q1 2023. However, it faced close competition from Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co. for the top position by volume.”

Gross, Kleinhendler, Hodak, Halevy, Greenberg & Co. occupied the second position in terms of volume with three deals, followed by Erdinast, Ben Nathan, Toledano with two deals, Allen & Overy with two deals, and Cliffe Dekker Hofmeyr with two deals.

Meanwhile, Cleary Gottlieb Steen & Hamilton occupied the second position in terms of value, by advising on $2 billion worth of deals, followed by  Erdinast, Ben Nathan, Toledano with $769 million, Allen & Overy with $265 million, and Cliffe Dekker Hofmeyr with $135 million.