Sullivan & Cromwell and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in automotive sector for Q1-Q3 2020 by value and volume, respectively. A total of 499 M&A deals were announced in automotive sector during this period, according to GlobalData, a leading data and analytics company.

According to GlobalData's M&A report, 'Global and Automotive M&A Report Legal Adviser League Tables Q1-Q3 2020', there was a 11.8% decrease over 566 deals that were announced during Q1–Q3 2019. Deal value also decreased by 27.3% from $40bn in Q1–Q3 2019 to US$29bn in Q1–Q3 2020.

In GlobalData's ranking, Sullivan & Cromwell gained top spot in terms of deal value by advising on three deals worth $4bn, which was the highest value among all the advisers. On the other hand, Kirkland & Ellis led in volume terms having advised on six deals worth $3.3bn.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: "Competition for the top position by value was also close between these two firms. Kirkland & Ellis, apart from leading by volume, also occupied the second position by value."

Bose continues: "Shearman & Sterling and Simpson Thacher & Bartlett jointly held the third position, with one deal worth $3.3bn. This was followed by Paul Weiss Rifkind Wharton & Garrison, with three deals worth $2.9bn.

"Jones Day occupied the second position by volume, with six deals worth $245m. followed by Baker McKenzie with five deals worth $1.3bn and Ropes & Gray with four deals worth $2.3bn."

M&A Top 10 Legal Advisers in Automotive Sector by Total Deal Value (USD millions)

Rank Q1-Q3 2020Rank Q1-Q3 2019AdviserNumber of dealsValue of Deals
12Sullivan & Cromwell33981.2
211Kirkland & Ellis63300
3=-Shearman & Sterling13300
3=16Simpson Thacher & Bartlett13300
514Paul Weiss Rifkind Wharton & Garrison32900
61Skadden, Arps, Slate, Meagher & Flom22556.8
713Weil Gotshal & Manges22283
847Ropes & Gray42250
9-Baker McKenzie51352.5
10-Goodwin Procter11300

Source: GlobalData