Clifford Chance (CC) has held its lead in the European M&A rankings for the second successive quarter, while New York leaders Skadden Arps Slate Meagher & Flom and Sullivan & Cromwell dominate the global and US tables.

According to the latest research by Mergermarket, CC topped the rankings for announced European deals after advising on 153 deals worth $131bn over the past nine months. Top deals for CC include advising UK supermarket chain Safeway on its ongoing $5bn takeover battle and advising private equity house Permira on the $2.5bn fight to acquire retailer Debenhams.