U.K. firms have been usurped by their U.S. and European counterparts for advising on the highest value deals during the third quarter of the year, with U.K. firms taking just five of the top 20 spots for European M&A.

Top20_legal-advisers_value_Q3-2019_Europe_400x550 Click on table for larger view

According to data from Mergermarket, the only U.K. firms included in the top dealmaking firms for Europe in Q3 were the Magic Circle firms, with Clifford Chance coming in 17th.