McCarthy Tetrault has emerged as the top legal adviser for mergers and acquisitions (M&A) in the metals and mining sector for 2023, leading both in deal value and volume, according to GlobalData’s latest financial advisers league table.
An analysis of the data and analytics company’s Deals Database reveals that the company’s dominance is marked by its advisory role in 25 deals, cumulatively valued at $33.6bn.
Blake Cassels & Graydon occupied second place in terms of deal value, advising on transactions worth $25.4bn.
It was closely trailed by Paul, Weiss, Rifkind, Wharton & Garrison with deals amounting to $24.6bn. Next in the list were Stikeman Elliott and White & Case, with both advising on deals totalling $24.2bn.
In terms of deal volume, Cassels Brock & Blackwell secured second spot with involvement in 22 deals.
Fasken Martineau DuMoulin also advised on 22 deals, while Blake Cassels & Graydon came in fourth with 13.
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By GlobalData
Allens rounded out the list with advisory roles in eight deals.
GlobalData lead analyst Aurojyoti Bose said: “McCarthy Tetrault registered a significant improvement in terms of deals volume as well as value and resultantly there was a notable improvement in its rankings by these metrics in 2023 compared with 2022.
“It went ahead from occupying the ninth position by value in 2022 to top the chart in 2023 while its ranking in terms of deals volume jumped from fourth position in 2022 to the top position in 2023.”
