GlobalData, a leading data and analytics company, has revealed its league tables for top 10 legal advisers by value and volume in power sector for Q1 2021 in its report, ‘Global and Power M&A Report Legal Adviser League tables Q1 2021’.
According to GlobalData’s M&A report, a total of 606 mergers and acquisitions (M&A) deals were announced in the sector during Q1 2021, while deal value for the sector increased by 55.4% from $56bn in Q1 2020 to $87bn in Q1 2021.
Top Advisers by Value and Volume
Skadden, Arps, Slate, Meagher & Flom and Watson Farley & Williams were the top M&A legal advisers in the power sector for Q1 2021 by value and volume, respectively.
Skadden, Arps, Slate, Meagher & Flom advised on eight deals worth $19.1bn, which was the highest value among all the advisers. Meanwhile, Watson Farley & Williams led the volume chart. It advised on 16 deals worth $280m.
GlobalData lead analyst Aurojyoti Bose said: “Watson Farley & Williams was the only advisor involved in a double-digit deal volume. However, it lagged behind many of its peers in terms of deal value due to involvement in low-value transactions. Surprisingly, it also did not feature among the top 10 advisors by value.
“Meanwhile, Skadden, Arps, Slate, Meagher & Flom, which advised on half the number of deals advised by Watson Farley & Williams, managed to top the list by value. Involvement in some of the big-ticket deals helped the firm top the list. Skadden, Arps, Slate, Meagher & Flom advised on three billion-dollar deals, which also included one megadeal (deal valued more than or equal to $10bn).”
Skadden, Arps, Slate, Meagher & Flom also took the second position by volume, followed by Linklaters with eight deals worth $7.8bn and Kirkland & Ellis with eight deals worth $5.7bn.
Cravath Swaine & Moore occupied the second position in terms of value with three deals worth $14.8bn followed by Ashurst with five deals worth $14.2bn and Herbert Smith Freehills with six deals worth $11.3bn.
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.