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S&C Leads 2022 Rankings in Overall Deal Value, as Kirkland Falls
Kirkland saw the biggest percentage drop in total M&A deal value among those in the top 15 rankings, while Cleary was one of the few big firms to touch more in deal value in 2022 than the year before.
January 04, 2023 at 05:00 AM
3 minute read
Several major law firms saw the total value of the deals they advise on plummet by hundreds of billions of dollars last year, according to early M&A league tables data from Refinitiv.
That includes Kirkland & Ellis. Perennially in the top five in deal value, Kirkland dropped to No. 9 in the 2022 rankings, Refinitiv said. It occupied the No. 3 spot in 2021. The firm saw about a 51% decline, from almost $600 billion worth of deals touched to under $300 billion in 2022. It was the biggest percentage drop among those in the top 15 rankings, slightly outpacing the 50% drop that Weil, Gotshal & Manges saw. The latter firm moved from No. 11 to No. 15 in the latest rankings.
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