Houlihan Lokey vs Herbert Smith Freehills Kramer

Houlihan Lokey

Investment bank

Deals
4
2025
2
2026 YTD
2
Disclosed value
A$666m
Herbert Smith Freehills Kramer

Law firm

Deals
69
2025
37
2026 YTD
30
Disclosed value
A$61bn

League table positions

League table ranks of Houlihan Lokey and Herbert Smith Freehills Kramer
Table 2026 YTD2025
Houlihan LokeyHerbert Smith Fr…Houlihan LokeyHerbert Smith Fr…
M&A financial advisers #31 (2) – – –
M&A financial advisers, completed #24 (2) – #23 (1) –
M&A legal advisers – #2 (19) – #4 (27)
M&A legal advisers, completed – #3 (14) – #8 (12)

Rank as each table opens, with the deal count in brackets. The higher rank in each pair is in teal.

Houlihan Lokey: top sectors

  • Health care1 deal
  • Consumer discretionary1 deal
  • Technology1 deal
  • Consumer staples1 deal

Herbert Smith Freehills Kramer: top sectors

  • Materials and mining12 deals
  • Technology11 deals
  • Health care8 deals
  • Industrials8 deals
  • Other sectors30 deals

Deals they shared

Across the table · 1

Advising opposite sides

On the same side · 0

Advising the same party or side

None.