Jones Day and Kirkland & Ellis have emerged as the leading mergers and acquisitions (M&A) legal advisers by value and volume in the power sector for 2023, according to GlobalData’s league table.
The deals database of GlobalData, a leading data and analytics company that is the parent of Power Technology, shows Jones Day securing the top position by value, having advised on deals worth $13.5bn.
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Kirkland & Ellis, with its advisory services on deals valued at $8.8bn, claimed the second spot by value and led the volume chart with 34 deals.
GlobalData lead analyst Aurojyoti Bose said: “Jones Day was the clear winner in terms of value as it was the only firm to surpass $10bn in total deal value during 2023.
“The adviser witnessed a 72% jump in total value of deals advised by it in 2023 compared with 2022, which resulted in a jump from 24th position by value in 2022 to the top position by this metric in 2023.
“Meanwhile, Kirkland & Ellis, which was the top adviser by volume in 2022, also retained its leadership position by this metric in 2023 despite experiencing a decline in the number of deals advised.”
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By GlobalDataAllen & Overy followed closely in the value table, taking third place with $8.6bn. Gibson, Dunn & Crutcher was not far behind, having advised on deals worth a total of $7.9bn.
Clifford Chance took fifth place in the value chart, having advised on deals amounting to $7.1bn.
In terms of deal volume, Allen & Overy secured second place with 28 deals.
White & Case stood in third place by volume with 26 deals, while CMS ranked fourth with 24.
Clifford Chance, advising on 21 deals, took fifth position in the volume table.
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory company websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors these sources to gather in-depth details for each deal, including adviser names.
To further ensure the robustness of the data, the company also seeks deal submissions from leading advisers.
