Deal Value and Volume Reveal Strategic Shifts Among Leading Firms
The financial services sector saw notable shifts among legal advisers for mergers and acquisitions (M&A) in the first quarter of 2025, according to the latest GlobalData report.
Paul, Weiss, Rifkind, Wharton & Garrison led by total deal value, advising on transactions worth approximately $12 billion despite a 23.5% year-over-year decline. Close behind were Wachtell, Lipton, Rosen & Katz and Bradley Arant Boult Cummings, each handling deals valued near $12 billion. Wachtell notably experienced a significant drop of 66.1% compared to the previous year.
By deal volume, Debevoise & Plimpton took first place, completing eight transactions, although the firm's total deal value declined notably year-over-year. Simpson Thacher & Bartlett and Alston & Bird also recorded eight deals each, underscoring a competitive environment for deal activity. Wachtell and Paul, Weiss completed seven and six deals, respectively.
Chiomenti Studio Legale made a significant mark by advising on 19 deals totaling approximately $4.5 billion, demonstrating robust activity in terms of total deal value.
The evolving rankings highlight increased competition and strategic maneuvering among top-tier legal firms in financial services sector M&A.
Published April 22, 2025.
