Finsbury held on to second place after British Nuclear Fuels announced the £3bn sale of Westinghouse Electric Company to Toshiba Corporation. January's leader Brunswick, advising Toshiba, fell to fifth.
Cardew climbed four places to third, having picked up the account for Scottish Power, which is selling its PacifiCorp subsidiary to MidAmerican for £5.3bn. Smithfield, which re-entered the top ten in fourth place, is advising MidAmerican.
Financial Dynamics slipped one place to sixth. Its client Morgan Stanley bought the Finsbury-advised Goldfish credit card firm from Lloyds TSB for £1bn.
Lion Capital and The Blackstone Group's £13bn acquisition of Cadbury Schweppes European Beverages saw The Maitland Consultancy and Penrose Financial rejoin the table. Maitland is advising the former, with Penrose retained to Lion Capital.
Tulchan Communications fell four places to eighth. In February the agency advised Montagu Private Equity, which is backing the £701m MBO of equipment maker BSN Medical.
College Hill's engineer client Doncasters was bought last month by Dubai International Capital for £700m, but the agency dropped to tenth.
The value of mergers and acquisitions worked on by the top ten agencies fell by 16 per cent on January. The total value of deals was just over £40bn in February, down £7.4bn on the previous month.