Kirkland & Ellis and Slaughter and May slipped down the European M&A rankings in the first half of 2020, according to data from Mergermarket which shows the extent of the coronavirus pandemic’s impact on dealmaking activity.

Kirkland & Ellis, which held the top spot for European M&A values in the first half of 2019, took eighth position this year, having advised on 41 deals worth $49.5 billion.