Jones Day and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the power sector in 2023 by value and volume, respectively according to the latest legal advisers league table by GlobalData, a leading data and analytics company.

An analysis of GlobalData’s Deals Database reveals that Jones Day achieved its leading position in terms of value by advising on $13.5 billion worth of deals. Meanwhile, Kirkland & Ellis led in terms of volume by advising on a total of 34 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Jones Day was the clear winner in terms of value as it was the only firm to surpass $10 billion in total deal value during 2023. The adviser witnessed 72% jump in total value of deals advised by it in 2023 compared to 2022, which resulted in a jump from 24^th 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.”

Kirkland & Ellis occupied the second position in terms of value, by advising on $8.8 billion worth of deals, followed by Allen & Overy with $8.7 billion, Gibson, Dunn & Crutcher with $7.9 billion and Clifford Chance with $7.1 billion.

Meanwhile, Allen & Overy occupied the second position in terms of volume with 28 deals, followed by White & Case with 26 deals, CMS with 24 deals and Clifford Chance with 21 deals.