GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 legal advisers in metals and mining sector by value and volume for Q1–Q3 2020 in its report, ‘Global and Metals & Mining M&A Report Legal Adviser League Tables Q1-Q3 2020’.
According to GlobalData’s M&A report, a total of 1,233 M&A deals were announced in the metals and mining sector during the period. There was a 24.2% increase over the 993 deals announced during Q1–Q3 2019. However, deal value decreased by 40.1% from $46bn in Q1–Q3 2019 to $27bn in Q1–Q3 2020.
McCarthy Tetrault tops by value
As per GlobalData’s ranking, McCarthy Tetrault took the top spot in terms of deal value by advising on nine deals worth $3.5bn. This was the highest value among all the advisers.
Jones Day took the second position in terms of value with five deals worth $3.3bn, followed by Bennett Jones and Stikeman Elliott with six deals each worth $2.5bn and $2.3bn, respectively.
Blake Cassels & Graydon leads by volume
Blake Cassels & Graydon led in terms of volume, having advised on 11 deals worth $0.6bn.
In terms of volume, McCarthy Tetrault occupied the second position with nine deals worth $b3.5bn. Fasken Martineau DuMoulin took the third spot with nine deals worth $1bn, followed by Cassels Brock & Blackwell with nine deals worth $0.8bn and Bennett Jones with six deals valued at $2.5bn.
GlobalData financial deals analyst Aurojyoti Bose said: “Blake Cassels & Graydon, despite being the only adviser to showcase double digit deal volume, failed to cross even $1bn in deal value due to its involvement in low-value transactions. Resultantly, it also failed to make it to the list of top ten advisers by value.
“In contrast, McCarthy Tetrault not only led in terms of value but also occupied the second position in terms of volume. The firm managed to advise on seven $100m+ deals, which also include one billion-dollar deal.”
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on 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 further robustness to the data, the company also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website.