GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 legal advisers in metals & mining sector by value and volume for H1 2021 in its report, ‘Global and Metals & Mining M&A Report Legal Adviser League Tables H1 2021’.
According to GlobalData’s M&A report, a total of 755 M&A deals were announced in the sector during H1 2021, while deal value for the sector increased by 18.2% from $22bn in H1 2020 to $26bn in H1 2021.
Top advisers by value and volume
Paul Weiss Rifkind Wharton & Garrison and Stikeman Elliott emerged as the top mergers and acquisitions (M&A) legal advisers in the metals & mining sector for H1 2021 by value and volume, respectively.
Paul Weiss Rifkind Wharton & Garrison advised on four deals worth $2.9bn, which was the highest value among all the advisers. Meanwhile, Stikeman Elliott led in volume terms having advised on ten deals worth $1.3bn.
GlobalData lead analyst Aurojyoti Bose said: “Stikeman Elliott was the only advisor to have double-digit deal volume. Despite this, the company lagged behind its peers in terms of value and had to settle for the seventh position in the list of top ten advisors by value.
“Meanwhile, Paul Weiss Rifkind Wharton & Garrison, which advised on relatively fewer deals, was the only adviser that managed to surpass the $2bn mark. Paul Weiss Rifkind Wharton & Garrison’s average deal size stood at $719.3m, as compared with Stikeman Elliott’s average deal size of $130.7m.”
Ashurst got the second position in terms of value with two deals valued at $1.9bn. It was followed by Noerr with two deals worth $1.7bn, Clifford Chance with one deal worth $1.7bn and Jones Day with two deals worth $1.6bn.
Cassels Brock & Blackwell took the second spot with regard to volume with eight deals worth $502m. It, followed by Blake Cassels & Graydon with six deals worth $1.1bn. Paul Weiss Rifkind Wharton & Garrison occupied the fourth position by volume, followed by Davies Ward Phillips & Vineberg with four deals worth $1.5bn.
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.