Goldman Sachs claimed the spot as the top US M&A adviser in 2011 as rivals JP Morgan and Morgan Stanley fell in the standings due to the collapse of AT&T's USD 39 billion deal to buy Deutsche Telekom's T-Mobile USA unit.
JP Morgan, which had previously been the top US M&A adviser for the year, advised AT&T along with Greenhill and Evercore. Morgan Stanley, which had been No. 2 in US M&A based on the dollar value of transactions on which it had advised, was working for Deutsche Telekom along with Citigroup, Credit Suisse and Deutsche Bank.
Gooldman had been the top M&A adviser in 2010.
The AT&T deal, announced in March, met with opposition from the US Department of Justice and the Federal Communications Commission.
The advisers stand to lose a total of USD 150 million in fees. According to earlier estimates from Thomson Reuters/Freeman Consulting, they were on course to earn between USD 18 million and USD 36 million apiece.
Worldwide, Citi and Evercore dropped a spot to sixth and twelfth, respectively, in the 2011 standings after the deal fell apart. Greenhill fell to the 28 spots to 49th in worldwide M&A.