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  1. Deals League Tables
October 28, 2021

Top 10 global M&A legal advisers in power sector for Q1-Q3 2021 revealed

GlobalData has revealed top 10 legal advisers in power sector by value and volume for Q1-Q3 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 Q1-Q3 2021 in its report, ‘Global and Power M&A Report Legal Adviser League Tables Q1-Q3 2021’.

According to GlobalData’s M&A report, a total of 1,737 merger and acquisition (M&A) deals were announced in the sector during Q1-Q3 2021, while deal value for the sector increased by 79.4% from $170bn during Q1-Q3 2020 to $305bn in during Q1-Q3 2021.

Top advisers by value and volume

Weil Gotshal & Manges and Watson Farley & Williams have emerged as the top M&A legal advisers in the power sector for Q1-Q3 2021 by value and volume, respectively.

Weil Gotshal & Manges advised on nine deals worth $31.2bn, while Watson Farley & Williams advised on 31 deals worth $817m.

GlobalData lead analyst Aurojyoti Bose said: “Watson Farley & Williams was the only firm to advise on more than 30 deals. However, it significantly lagged behind its peers in terms of deal value, and did not find a place among the top ten advisors by deal value.

“In contrast, Sullivan & Cromwell, which advised on fewer but larger-value deals, was the only adviser to surpass the $30bn mark in terms of total deal value. Interestingly, it also did not find a place among the top ten advisors by volume.”

Cleary Gottlieb Steen & Hamilton took the second position in terms of value, with 11 deals worth $28.5bn. It was followed by Davis Polk & Wardwell, with five deals worth $27.1bn, Sullivan & Cromwell, with six deals worth $25.8bn, and Skadden, Arps, Slate, Meagher & Flom, with 14 deals worth $25.5bn.

White & Case got the second position in terms of volume, with 28 deals worth $11.5bn. It was followed by Allen & Overy, with 26 deals worth $11.4bn, Kirkland & Ellis, with 24 deals worth $16.3bn, and CMS, with 24 deals worth $1.8bn.

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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