Top M&A legal advisers by value and volume in power sector for Q1-Q3 2020 revealed

4 November 2020 (Last Updated November 11th, 2020 15:46)

GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 legal advisers in power sector by value and volume for Q1–Q3 2020 in its report,  ‘Global and Power M&A Report Legal Adviser League Tables Q1-Q3 2020’.

GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 legal advisers in power sector by value and volume for Q1–Q3 2020 in its report,  ‘Global and Power M&A Report Legal Adviser League Tables Q1-Q3 2020’.

According to GlobalData’s M&A report, a total of 1,340 M&A deals were announced in the power sector during the period. There was a 27.2% decrease in Q1-Q3 2020 over the 1,840 deals that were announced during Q1–Q3 2019. Deal value also decreased by 19.5% from $188bn in Q1–Q3 2019 to $151bn in Q1–Q3 2020.

Slaughter and May tops by value

As per GlobalData’s ranking, Slaughter and May secured top position in terms of value by advising on four deals worth $9bn. This was the highest value among all advisers.

Slaughter and May was closely followed by Allen & Overy, which advised on 12 deals worth $8.5bn and occupied second position in terms of value, followed by Simpson Thacher & Bartlett with five deals worth $8.5bn and Cravath Swaine & Moore with three deals worth $6.8bn.

Watson Farley & Williams leads by volume

Watson Farley & Williams led in terms of volume, having advised on 27 deals worth $5.4bn.

White & Case secured the second position by volume with 18 deals worth $4.9bn, followed by Baker McKenzie and CMS with 17 deals each worth $5.3bn and $1bn, respectively.

GlobalData lead analyst Aurojyoti Bose said: “Watson Farley & Williams was the only company in the ranking to advise on more than 20 deals. It also managed to feature in the list of top ten advisors by value, occupying seventh position.

“Slaughter and May led in terms of value due to its involvement in two deals worth greater than or equal to $1bn, but could not find a place among the top ten advisors by volume.”

GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.

To ensure further robustness to the data, the company also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website