Leading data and analytics company GlobalData has published its league tables for the top ten legal advisers by value and volume in the power sector for Q1-Q3 2022.

During the nine-month period, 2,156 merger and acquisition (M&A) deals worth a total of $257bn were announced in the sector.

Top advisers by value and volume

According to GlobalData’s ‘Global and Power M&A Report Legal Adviser League Tables Q1-Q3 2022’, Latham & Watkins and Kirkland & Ellis were the top M&A legal advisers in the power sector for Q1-Q3 2022 by deal value and volume, respectively.

Latham & Watkins advised on $19.2bn worth of deals, while Kirkland & Ellis advised on a total of 40 deals.

GlobalData lead analyst Aurojyoti Bose said: “Kirkland & Ellis was the only firm to reach 40 deals in Q1-Q3 2022, registering a significant jump from the number of deals it advised on in the same period last year.

“However, its deal value declined by more than half during Q1-Q3 2022 compared to Q1-Q3 2022. As a result, Kirkland & Ellis had to settle for the ninth position by this metric.

“Meanwhile, Latham & Watkins also witnessed a decline in deal value but the decline was the lowest of the top 10 advisers by value that experienced decline.

“Apart from leading by value, it also occupied the sixth position by volume.”

According to GlobalData’s financial deals database, other high rankers by value included CMS in second place with $16.6bn worth of deals. This was followed by Allen & Overy with $13.5bn, White & Case with $10.7bn, and Simpson Thacher & Bartlett with $10.2bn.

In terms of volume, White & Case secured the second place with 30 deals, followed by CMS with 29 deals, Clifford Chance with 22, and Watson Farley & Williams with 21 deals.

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 improve the reliability of the data, the company also seeks submissions from leading advisers through adviser submission forms on its website.