Latham & Watkins and Kirkland & Ellis have emerged as the top mergers and acquisitions (M&A) legal advisers in the construction sector for 2023, by value and volume, respectively, according to the latest league table released by GlobalData, a leading data and analytics company. 

GlobalData, a leading data and analytics company and the parent of World Construction Network, ranks advisers in terms of the value and volume of M&A deals on which they advised. 

According to GlobalData’s deals database, Latham & Watkins secured the top position by value, advising on deals worth $33.6bn while Kirkland & Ellis led by volume, with a total of 29 deals under its advisory.  

GlobalData lead analyst Aurojyoti Bose said: “Kirkland & Ellis was the top adviser by volume in 2022 and managed to retain its leadership position by this metric in 2023 as well.  

“Meanwhile, Latham & Watkins registered a significant improvement in its ranking by value from 18th position in 2022 to top the chart in 2023, driven by its involvement in big-ticket deals. It advised on $6bn deals in 2023 that also included a megadeal valued more than $10bn.” 

Cravath Swaine & Moore ranked second in terms of value, by advising on deals worth $29.2bn followed by Hogan Lovells at $28.4bn, Quinn Emanuel Urquhart & Sullivan at $27bn, and Wachtell, Lipton, Rosen & Katz, at $24.2bn. 

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In terms of deal volume, CMS came in second with 25 deals, followed by Baker McKenzie with 18 deals, Latham & Watkins at 15 deals, and White & Case with 13 deals. 

GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory businesses, and other reliable sources available via 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 the further robustness of its data, the company also seeks submissions of deals from leading advisers.