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July 28, 2021

Top 10 global M&A legal advisers in power sector for H1 2021 revealed

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 H1 2021 in its report.

By Shalini Nair

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 H1 2021 in its report, ‘Global and Power M&A Report Legal Adviser League Tables H1 2021’.

According to GlobalData’s M&A report, a total of 1,197 M&A deals were announced in the sector during H1 2021, while deal value for the sector increased by 116% from $102bn in H1 2020 to $220bn in H1 2021.

Top advisers by value and volume

Cleary Gottlieb Steen & Hamilton and Watson Farley & Williams were the top mergers and acquisitions (M&A) legal advisers in the power sector for H1 2021 by value and volume, respectively.

Cleary Gottlieb Steen & Hamilton advised on seven deals worth $25.3bn, which was the highest value among all the advisers tracked.

Watson Farley & Williams led in terms of volume, having advised on 24 deals worth $421m.

GlobalData lead analyst Ravi Tokala said: “Watson Farley & Williams was the only firm to advise on more than 20 deals. Surprisingly, it did not manage to advise on any high-value transactions, and so did not feature among the top ten advisors by value.

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“On the other hand, despite close competition in terms of deal value, Cleary Gottlieb Steen & Hamilton surpassed the $25bn mark. While Cleary Gottlieb Steen & Hamilton managed to advise on three deals valued more than or equal to $1bn, this also included one deal valued more than $21bn, which helped it top the list by value.”

Skadden, Arps, Slate, Meagher & Flom occupied second position in terms of value, with 12 deals worth $24.3bn, followed by Davis Polk & Wardwell, with four deals worth $24.1bn.

Sullivan & Cromwell secured fourth position by value, with four deals worth $22.5bn, while Wachtell Lipton Rosen & Katz ranked fifth with three deals worth $21.3bn.

White & Case took the second position in terms of volume, with 19 deals worth $10.3bn, followed by Allen & Overy, with 18 deals worth $8.4bn.

CMS got fourth position by volume, with 18 deals worth $1.4bn, and Latham & Watkins, with 16 deals worth $12.2bn.

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.

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