20 Jul 2021
Posted in Business Fundamentals
Paul Weiss and Kirkland & Ellis were the top M&A legal advisers by value and volume in TMT sector for H1 2021, finds GlobalData
Paul Weiss Rifkind Wharton & Garrison (Paul Weiss) and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the technology, media and telecom (TMT) sector for H1 2021 by value and volume, respectively, according to GlobalData. The leading data and analytics company’s deals database notes that Paul Weiss advised on 49 deals worth $138.2bn, which was the highest value among all advisers tracked. Meanwhile, Kirkland & Ellis led in terms of volume, having advised on 182 deals worth $111bn. A total 6,048 M&A deals were announced in the region during H1 2021.
According to GlobalData’s report, ‘Global and Technology, Media & Telecom M&A Report Legal Adviser League Tables H1 2021’, deal value for the sector increased by 131% from $302bn in H1 2020 to $698bn in H1 2021.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “While it scored highly for deal value, Paul Weiss lagged behind many of its peers in terms of deal volume and missed out on a slot on the top ten. Kirkland & Ellis and Latham & Watkins were the only firms among the top ten advisors by value to also appear in the list by volume.
“Kirkland & Ellis, apart from leading by volume, was among the few advisors that managed to surpass the $100bn mark, and resultantly also occupied the second position by value.”
Simpson Thacher & Bartlett occupied the third position, in terms of value, with 44 deals worth $104.5bn. This was followed by Sullivan & Cromwell, with 25 deals worth $91.4bn, and Latham & Watkins, with 111 deals worth $88.7bn.
Latham & Watkins also managed to occupy the second position in terms of volume, followed by Willkie Farr & Gallagher with 86 deals worth $24bn, Fenwick & West with 80 deals worth $22.6bn and Jones Day with 69 deals worth $19bn.