Kirkland & Ellis advised on $32.5 billion worth of completed transactions with price tags of $1 billion or less in 2017, making it the most active law firm in the global middle market, as measured by total deal value, according to data compiled by Thomson Reuters and analyzed by Mergers & Acquisitions.

Kirkland & Ellis has long been a significant player in the middle market. The Chicago-based firm won Mergers & Acquisitions’ M&A Mid-Market Award for 2017 Law Firm of the Year

Coming in second place was Latham & Watkins, which advised on $29.6 billion of middle market deals. Rounding out the top 5 middle-market law firms by deal value were Skadden, Jones Day and Sullivan & Cromwell.

Click below to see the full table.

To see the ranking of law firms by deal volume, click here for the article.

Editor’s Note: To measure activity in the middle market, Mergers & Acquisitions looks at transactions that fulfill several requirements: Deals must have a value of roughly $1 billion or less, or an undisclosed value; and they must be completed (not just announced) within the timeframe designated. For this ranking, we included deals throughout the world. Excluded from our charts are: recapitalizations; self-tenders; exchange offers; repurchases; stake purchases; and transactions with undisclosed buyers or sellers. The data provider is Thomson Reuters, which updates its databases continuously. We use the data available at press time. For this article, data was collected on Feb. 19, 2018.

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