Herbert Smith Freehills and Kirkland & Ellis have been identified as the top M&A legal advisers in the power sector in Q1 2022 by value and volume, respectively, according to the latest Legal Advisers League Table by GlobalData. The leading data and analytics company’s Financial Deals Database reveals that Herbert Smith Freehills achieved the top ranking by value by advising on $8.1 billion worth of M&A deals. Meanwhile, Kirkland & Ellis led by volume, having advised on a total of 13 deals.

According to GlobalData’s report, ‘Global and Power M&A Report Legal Adviser League Tables Q1 2022’, a total of 671 M&A deals worth $65.2 billion were announced in the sector during Q1 2022.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Kirkland & Ellis was the only legal adviser to register double-digit deal volume in Q1 2022. It also occupied the fifth position by value. However, Herbert Smith Freehills, despite advising on a fewer number of deals, managed to top by value. While the average size of deals advised by Kirkland & Ellis stood at $349.2 million, it was $1.6 billion for Herbert Smith Freehills.”

Analysis of GlobalData’s Financial Deals Database reveals other high rankers by value included King & Wood Mallesons, with deals worth $8 billion; Clifford Chance, with $4.9 billion; White & Case, with $4.8 billion; and Kirkland & Ellis, with $4.5 billion. By volume, White & Case occupied the second position, with eight deals; followed by Jones Day, with seven deals; Clifford Chance, with six deals; and DLA Piper with six deals.