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Herbert Smith Freehills and Khaitan & Co have emerged as the top mergers and acquisitions (M&A) legal advisers in the Asia-Pacific (APAC) region during the first quarter (Q1) 2023 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 Financial Deals Database reveals that Herbert Smith Freehills achieved its leading position in term of value by advising on $16.9 billion worth of deals. Meanwhile, Khaitan & Co led in terms of volume by advising on a total of 13 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Although Herbert Smith Freehills and Khaitan & Co managed to top the table, they faced close competition from White & Case and AZB & Partners for the top position by value and volume, respectively.”
Herbert Smith Freehills and White & Case were the only two firms to register more than $10 billion in total deal value in Q1 2023. Meanwhile, AZB & Partners fell short of just one deal from occupying the top position by volume.
AZB & Partners occupied the second position in terms of volume with 12 deals, followed by Gilbert + Tobin with eight deals, White & Case with seven deals, and Cyril Amarchand Mangaldas with seven deals.
Meanwhile, White & Case occupied the second position in terms of value, by advising on $15.4 billion worth of deals, followed by Allens with $3.8 billion, Cleary Gottlieb Steen & Hamilton with $2.1 billion and Gilbert + Tobin with $1.8 billion.
