Foreign firm M&A league table: US firms again grab the biggest share, Kirkland, Slaughters top

Kirkland and Slaughters come top in India M&A from outside
Kirkland and Slaughters come top in India M&A from outside

Kirkland & Ellis and Slaughter & May acted on the biggest Indian M&A transactions among 14 foreign law firms that each advised on more than $1bn worth of Indian M&A deals this quarter.

Of those 14, five are UK-headquartered, two are Singapore-headquartered and the remaining seven are US-headquartered firms. Additionally, two US firms under the billion dollar deals mark also made it to the list of top firms.

Both Kirkland and Slaughters jumped billions of dollars since last quarter, through only scored one additional reported deal since Q2. Both firms had acted, lately, on the Reliance-Aircel mega merger of unreported deal value.

Kirkland advised on three transactions worth $8.8bn and Slaughter & May advised on four transactions worth $7.8bn in Q3.

By volume: White & Case trumped DLA Piper and Shearman & Sterling. Shearman had the largest number of recorded Indian M&A deals in the first six months of 2016, but White & Case and DLA Piper with six trnasactions each are now at the top.

They are followed by Slaughter & May, Freshfields Bruckhaus Deringer, Latham & Watkins and Allen & Overy each of which worked on four transactions.

By value: Not just Kirkland and Slaughter, but even Davis Polk & Wardwell, Freshfields Bruckhaus Deringer, and Simpson Thacher & Bartlett trumped Q2 leader Latham & Watkins. White & Case, Linklaters, Troutman Sanders, Weil Gotshal & Manges, Shearman & Sterling and Herbert Smith Freehills each advised on more than $1bn worth of Indian mergers and acquisitions.

Singapore-headquartered Wong Partnership rose above the other Singapore firm on the list Allen & Gledhill since Q2**.** US firms Dechert and Goodwin Procter, alongside Allen & Gledhill, were the only firms on the list with less than $1bn of transactions.

Click here to read domestic law firm M&A rankings.

International firms M&A league table based on value

RankHouseValue (US$m)Deal Count
1Kirkland & Ellis 8,8413
2Slaughter and May7,8404
3Davis Polk & Wardwell 3,1721
4Freshfields Bruckhaus Deringer 2,6894
5Simpson Thacher & Bartlett 2,1622
6Latham & Watkins 1,9264
7Pinsent Masons 1,5643
8White & Case 1,4586
9WongPartnership 1,3383
10Linklaters1,2803
11Troutman Sanders1,1541
12Weil Gotshal & Manges 1,1212
13Shearman & Sterling 1,1015
14Herbert Smith Freehills1,0752
15Allen & Gledhill 9682
16Dechert 9482
17Goodwin Procter 8293

International firms M&A league table based on volume

RankHouseValue (US$m)Deal Count
1White & Case 1,4586
2DLA Piper3336
3Shearman & Sterling 1,1015
4Slaughter and May7,8404
5Freshfields Bruckhaus Deringer 2,6894
6Latham & Watkins 1,9264
7Allen & Overy 6734

Comments

Absent 13 Oct 2016, 06:39
+0 -0
Clifford Chance conspicuous by its absence. Also surprised that another Magic Circle firm, Allen & Overy is not at the top on value.
CityLad 17 Oct 2016, 02:08
+0 -0
Knowledge of the MC / City market would tell you that the two you mention are more of finance firms. You would expect to probably see them more on the financing of the same transactions being reported as part of the M&A tables.