Cleary Gottlieb Tops M&A Rankings with $30.1 Billion in Deals
Deal News | Jul 09, 2025 | Legal Community Italy

Cleary Gottlieb Steen & Hamilton and PedersoliGattai have emerged as leaders in the M&A sector for the first half of 2025 according to MergerMarket rankings. Cleary Gottlieb topped the list by deal value, announcing 10 transactions worth a total of $30.1 billion, a significant improvement from the 22nd place in the previous year. Clifford Chance and GOP also showed notable improvement, securing second and third places by value. In terms of the number of deals, PedersoliGattai led with 58 transactions valued at $19.4 billion. BonelliErede and Gianni & Origoni followed, with 52 and 42 deals respectively. Noteworthy is the leap made by Giovannelli e Associati, which climbed from the 21st to the 9th position with 18 deals worth $119 million.
Sectors
- Mergers and Acquisitions (M&A)
- Legal Services
Geography
- Italy – The article references the performance of Italian M&A law firms.
Industry
- Mergers and Acquisitions (M&A) – The article is centered on M&A rankings and the performance of law firms in this sector.
- Legal Services – The main entities involved are law firms advising on mergers and acquisitions.
Financials
- $30.1 billion – Total value of deals announced by Cleary Gottlieb.
- $29.1 billion – Total value of deals announced by Clifford Chance.
- $24.3 billion – Total value of deals announced by Gianni & Origoni.
- $19.4 billion – Total value of deals announced by PedersoliGattai.
- $6.1 billion – Total value of deals announced by BonelliErede.
- $119 million – Total value of deals announced by Giovannelli e Associati.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cleary Gottlieb Steen & Hamilton | Top by deal value | Company | A leading law firm that topped the M&A rankings by value. |
| PedersoliGattai | Top by deal count | Company | A prominent law firm leading the M&A rankings by the number of deals. |
| Clifford Chance | Second by deal value | Company | An international law firm placed second in the M&A value rankings. |
| GOP (Gianni & Origoni) | Third by deal value | Company | A law firm involved in significant M&A deals placed third by value. |
| BonelliErede | Second by deal number | Company | A legal firm ranked second by the number of deals. |
| Giovannelli e Associati | Improved ranking | Company | A law firm that made a notable jump in the M&A deal number rankings. |