GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 legal advisers in retail sector by value and volume for Q1–Q3 2020 in its report, ‘Global and Retail M&A Report Legal Adviser League Tables Q1-Q3 2020.’
According to GlobalData’s M&A report, a total of 889 M&A deals were announced in the retail sector during the period. There was a 58.6% decrease over the 2,146 deals that were announced during Q1–Q3 2019. Deal value also witnessed a year-on-year decrease of 67.3% from $189bn to $62bn.
Kirkland & Ellis tops by value
As per GlobalData’s ranking, Kirkland & Ellis bagged top spot in terms of deal value by advising on nine deals worth $16.6bn. This was the highest value among all the advisers.
Freshfields Bruckhaus Deringer also advised on the same number of deals advised by Kirkland & Ellis but occupied the second position by value. It was followed by Allen & Overy with seven deals worth $10.8bn and Linklaters with four deals worth $10.6bn.
Latham & Watkins leads by volume
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By GlobalDataLatham & Watkins led in volume terms having advised on 11 deals worth $4.6bn. Jones Day occupied the second position by volume with 11 deals worth $0.8bn, followed by CMS with 10 deals worth $0.8bn.
GlobalData lead analyst Aurojyoti Bose said: “Latham & Watkins was the only adviser to showcase double-digit deal volume and billion-dollars in deal value. However, due to the involvement in relatively low value transactions, it lost the top position in terms of value to Kirkland & Ellis.
“Kirkland & Ellis advised on three billion-dollar deals (greater than or equal to $1bn) while Latham & Watkins managed to advise on two billion-dollar deals.”
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 from leading advisers, through adviser submission forms on GlobalData’s website