Wachtell, Lipton, Rosen & Katz and Kirkland & Ellis were the top M&A legal advisers in the consumer sector in Q1-Q3 2023, according to GlobalData’s ranking of leading M&A advisers.

Wachtell, Lipton, Rosen & Katz topped the charts when measuring the value of deals, advising on $16.7bn worth of deals during the period, while Kirkland & Ellis advised on the most transactions with a total of 19 deals.

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“Most of the top 10 advisers by volume registered a decline in the total number of deals advised by them during Q1-Q3 2023 compared to Q1-Q3 2022,” said GlobalData lead analyst Aurojyoti Bose. “However, Kirkland & Ellis managed to retain its leadership position by volume during Q1-Q3 2023, despite experiencing a decline in the number of deals.

“Meanwhile, Wachtell, Lipton, Rosen & Katz registered a significant jump in the total value of deals advised by it during Q1-Q3 2023 compared to Q1-Q3 2022. It also saw its ranking by value improve significantly. Wachtell, Lipton, Rosen & Katz managed to advise on three billion-dollar deals [deals valued at or above $1bn] during Q1-Q3 2023.”

Paul, Weiss, Rifkind, Wharton & Garrison came second in terms of value, by advising on $12.7nvbworth of deals, followed by Allen & Overy with $11.4bn, Freshfields Bruckhaus Deringer with $10.9bn, and Cravath Swaine & Moore with $10.7bn.

Measured by number of transactions, CMS was in second place 19 deals, followed by Winston & Strawn with 13 deals, and White & Case and Baker McKenzie with 12 deals each.

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GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.

To ensure further robustness to the data, the company also seeks submissions of deals from leading advisers.

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