Kirkland & Ellis was the top middle-market law firm in total deal value in 2017

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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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Kirkland & Ellis was the top middle-market law firm in total deal value in 2017
Most Active Mid-Market Law Firms by Value ($bil)
Law Firm Value ($bil)
Kirkland & Ellis 32.5
Latham & Watkins 29.6
Skadden 28.2
Jones Day 27.8
Sullivan & Cromwell 23.9
White & Case LLP 22.9
Baker & McKenzie 22.4
DLA Piper LLP 22.1
Clifford Chance 19.8
Allen & Overy 18.8
Linklaters 18.6
Hogan Lovells 17.5
Shearman & Sterling LLP 16.4
Davis Polk & Wardwell 16.4
Weil Gotshal & Manges 16.3
Simpson Thacher & Bartlett 16.1
Freshfields Bruckhaus Deringer 15.1
Blake Cassels & Graydon 14.7
Cleary Gottlieb Steen & Hamilton 13.9
Gibson Dunn & Crutcher 13.8
Goodwin Procter LLP 13.6
Norton Rose Fulbright 12.2
Paul, Weiss 12.2
Osler Hoskin & Harcourt LLP 11.5
King & Wood Mallesons 11.4
Cravath, Swaine & Moore 11.3
Willkie Farr & Gallagher 10.9
Stikeman Elliott 10.6
Morgan Lewis & Bockius 10.6
CMS 9.8
Herbert Smith Freehills 9.6
Wachtell Lipton Rosen & Katz 9.6
Kim & Chang 9.5
Sidley Austin LLP 9.4
Ashurst 9.3
Vinson & Elkins LLP 9.3
Grandall Law Firm 9.1
Ropes & Gray 8.8
Covington & Burling 8.3
Dechert 8.0
Zhong Lun Law Firm 7.9
Dentons 7.8
Alston & Bird 7.6
Orrick Herrington & Sutcliffe LLP 7.2
Mayer Brown LLP 7.1
Nishimura & Asahi 7.0
Paul Hastings LLP 6.9
O'Melveny & Myers 6.5
Mori Hamada & Matsumoto 6.5
Debevoise & Plimpton 6.4
Uria Menendez 6.4
Fenwick & West LLP 6.3
McCarthy Tetrault 6.2
Morrison & Foerster 6.1
Cuatrecasas 6.1
Torys 5.9
Lee & Ko 5.9
McDermott Will & Emery 5.8
Nagashima Ohno & Tsunematsu 5.8
Cooley LLP 5.7
Wilson Sonsini Goodrich & Rosati 5.6
Hengeler Mueller 5.2
Davies Ward Phillips & Vineberg LLP 5.2
Grandway Law Offices 5.1
Fasken Martineau DuMoulin LLP 5.0
Allen & Gledhill 4.9
Anderson Mori & Tomotsune 4.7
Bryan Cave LLP 4.7
Khaitan & Co 4.7
Roschier 4.6
Greenberg Traurig 4.5
WongPartnership LLP 4.4
Akin, Gump, Strauss, Hauer & Feld 4.4
McGuireWoods LLP 4.4
Lee and Li 4.4
Slaughter and May 4.3
Arthur Cox 4.3
Andrews Kurth Kenyon LLP 4.3
King & Spalding 4.2
Troutman Sanders LLP 4.1
Baker Botts LLP 4.1
Gilbert + Tobin 4.0
Goodmans 4.0
Borden Ladner Gervais LLP 4.0
Bae Kim & Lee 4.0
Allens 4.0
K&L Gates 3.9
AZB & Partners 3.9
PwC Legal LLP 3.9
Hunton & Williams 3.8
Mattos Filho Veiga Filho Marrey Jr 3.8
Garrigues 3.8
Arnold & Porter 3.7
Gleiss Lutz 3.7
Fangda Partners 3.6
Winston & Strawn 3.5
Schoenherr Attorney's at Law 3.5
Loyens & Loeff 3.5
Locke Lord LLP 3.4
Milbank Tweed Hadley & McCloy 3.4
Source: Thomson Reuters