Skadden, Arps, Slate, Meagher & Flom and Kirkland & Ellis were the top law firms advising on M&A in the consumer sector in 2023, analysis of deal data suggests.

According to GlobalData, Just Drinks’ parent, Skadden led the way when measuring the value of deals, while Kirkland & Ellis advised on the most transactions.

Aurojyoti Bose, lead analyst at GlobalData, said: “Skadden, Arps, Slate, Meagher & Flom registered an improvement in the value of total deals advised and its ranking by value in 2023 compared to the previous year. It was the only adviser to surpass $10bn in total deal value in 2023. Meanwhile, Kirkland & Ellis was the top adviser by volume in 2022 and continued to lead by this metric in 2023 as well.

Table showing leading consumer sector M&A banking advisers in 2023
Credit: GlobalData

Looking at the value of deals, Wachtell, Lipton, Rosen & Katz occupied second position in the ranking, advising on $9.8bn worth of deals, followed by Davis Polk & Wardwell with $8.8bn, White & Case with $8.4bn and Weil, Gotshal & Manges with $6bn.

Meanwhile, CMS took second spot on the volume list with 17 deals, followed by Allen & Overy, Baker McKenzie, and Gibson, Dunn & Crutcher.

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

To ensure further robustness to the data, the company also seeks submissions of deals from leading advisers.