GlobalData has announced the latest Financial and Legal Adviser League Tables, which rank the advisers by the total value and volume of merger and acquisition (M&A) deals they advised on in the financial services sector during Q1-Q3 2024. See the rankings and findings below.
Financial Advisers
Morgan Stanley and Stifel/KBW top M&A financial advisers in financial services sector during Q1-Q3 2024
Morgan Stanley and Stifel/KBW were the top mergers and acquisitions (M&A) financial advisers in the financial services sector during Q1-Q3 2024 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Deals Database reveals that Morgan Stanley achieved the top position in terms of value by advising on $65 billion worth of deals. Meanwhile, Stifel/KBW led in terms of volume by advising on a total of 27 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Both Morgan Stanley and Stifel/KBW registered growth in the total value and volume of deals advised by them, respectively, during Q1-Q3 2024 compared to Q1-Q3 2023. In fact, Morgan Stanley registered more than a five-fold jump in value of the deals it advised. Resultantly, its ranking by value improved from fifth position during Q1-Q3 2023 to the top position during Q1-Q3 2024. Meanwhile, Stifel/KBW went ahead from occupying the seventh position by volume during Q1-Q3 2023 to top the chart by this metric during Q1-Q3 2024.”
Barclays occupied the second position in terms of value, by advising on $49.2 billion worth of deals, followed by Goldman Sachs with $45.9 billion, JP Morgan with $43.6 billion and PJT Partners with $36.1 billion.
Meanwhile, Goldman Sachs occupied the second position in terms of volume with 23 deals, followed by Piper Sandler with 23 deals, JP Morgan with 21 deals and Raymond James Financial with 21 deals.
Legal Advisers
Wachtell, Lipton, Rosen & Katz and Kirkland & Ellis top M&A legal advisers in financial services sector during Q1-Q3 2024
Wachtell, Lipton, Rosen & Katz and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the financial services sector during Q1-Q3 2024 by value and volume, respectively according to the latest legal advisers league table by GlobalData, a leading data and analytics company.
An analysis of GlobalData’s Deals Database reveals that Wachtell, Lipton, Rosen & Katz achieved the top position in terms of value by advising on $55.7 billion worth of deals. Meanwhile, Kirkland & Ellis led in terms of volume by advising on a total of 48 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Kirkland & Ellis was the top adviser by volume during Q1-Q3 2023 and managed to retain its leadership position during Q1-Q3 2024 as well. Meanwhile, Wachtell, Lipton, Rosen & Katz registered a more than 10-fold jump in the total value of deals advised by it during Q1-Q3 2024 compared to Q1-Q3 2023. Resultantly, its ranking by value also took a major leap from the 16th position during Q1-Q3 2023 to the top position during Q1-Q3 2024. Seven of the eight deals advised by Wachtell, Lipton, Rosen & Katz during Q1-Q3 2024 were billion-dollar deals* including one mega deal valued at $35.3 billion. The involvement in these big-ticket deals helped Wachtell, Lipton, Rosen & Katz register a massive jump in terms of value and its ranking by this metric.
Cravath Swaine & Moore occupied the second position in terms of value, by advising on $44.2 billion worth of deals, followed by Sullivan & Cromwell with $40.4 billion, Kirkland & Ellis with $38.3 billion and Paul, Weiss, Rifkind, Wharton & Garrison with $33.4 billion.
Meanwhile, Alston & Bird occupied the second position in terms of volume with 26 deals, followed by Skadden, Arps, Slate, Meagher & Flom with 22 deals, Luse Gorman PC with 19 deals and White & Case with 18 deals.
*≥ $1 billion
