Paul, Weiss, Rifkind, Wharton & Garrison (Paul Weiss) and Kirkland & Ellis have emerged as the leading mergers and acquisitions (M&As) legal advisers in the construction sector by value and volume, respectively, for 2024, according to the latest league table released by leading data and analytics company GlobalData.
GlobalData, which is the parent of World Construction Network, ranked advisers in terms of the value and volume of M&A deals on which they advised.
According to GlobalData’s deals database, Paul Weiss secured the top position in terms of value by advising on $22.3bn worth of deals during the year.
Meanwhile, in terms of volume, Kirkland & Ellis led by advising on a total of 41 deals.
GlobalData lead analyst Aurojyoti Bose said: “Kirkland & Ellis was the top adviser by both value and volume in 2023. Although it managed to retain its leadership position by volume in 2024, it lost the top spot by value to Paul, Weiss, Rifkind, Wharton & Garrison. Kirkland & Ellis held the second position by value in 2024.
“Meanwhile, Paul, Weiss, Rifkind, Wharton & Garrison registered a 35.4% growth in the total value of deals advised by it in 2024 compared to the previous year due to involvement in some billion-dollar deals.”
“Resultantly, it went ahead from occupying the seventh position by value in 2023 to top the chart by this metric in 2024. Half of the number of deals advised by Paul, Weiss, Rifkind, Wharton & Garrison during the year were billion [of] dollars [in value], which also included one mega deal valued more than $10bn.”
Kirkland & Ellis procured the second rank in terms of value, by advising on $21.6bn worth of deals, followed by Linklaters with $19.2bn, Davis Polk & Wardwell with $18.9bn, and Simpson Thacher & Bartlett with $13.2bn.
In terms of deal volume, CMS occupied the second position with 34 deals, followed by Latham & Watkins with 18 deals and White & Case with 14 deals. Although Cuatrecasas advised on 14 deals the same as White & Case, it obtained fifth place because of overall lower deal value.
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.
