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 2020 in its report, ‘Global and Metals & Mining M&A Review and Legal Adviser League tables‘.
According to GlobalData’s M&A report, a total of 1,712 M&A deals were announced in the mining sector during 2020, marking a 33.8% increase over the 1,280 deals announced in 2019. The deal value decreased by 12.3% from $65bn in 2019 to $57bn in 2020.
Top advisers by value and volume
Linklaters advised on six deals worth $6.4bn, the highest among all the advisers. Blake Cassels & Graydon led in terms of volume, having advised on 16 deals worth $3.2bn.
GlobalData lead analyst Aurojyoti Bose said: “Blake Cassels & Graydon, despite advising on more than double the number of deals, lost the top position by value to Linklaters and occupied tenth position in the ranking of top ten advisors by value due to its involvement in low value transactions.
“While Linklaters advised on six deals, two of them were worth more than or equal to $1bn. Blake Cassels & Graydon, on the other hand, managed to advise only on a single deal that was worth more than or equal to S$1bn.”
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By GlobalDataAlthough the number of deals advised by Jones Day was the same as Linklaters, the firm’s transactions were worth $5.9bn, meaning that it had finished to the second position by value in GlobalData’s ranking of legal advisers for M&As in the global mining sector.
It was followed by McCarthy Tetrault with 11 deals worth $5.4bn and DLA Piper with eight deals worth $5.4bn.
Cassels Brock & Blackwell took the second spot by volume with 12 deals worth $1bn, followed by McCarthy Tetrault.
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.