Latham & Watkins and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the power sector for H1 2022 by value and volume, respectively, according to the latest Legal Advisers League Table by GlobalData.

Based on its Financial Deals Database, the leading data and analytics company has revealed that Latham & Watkins achieved its leading position by value by advising on $16.7 billion worth of deals. Meanwhile, Kirkland & Ellis led by volume by advising on a total of 21 deals.

According to GlobalData’s report, ‘Global and Power M&A Report Legal Adviser League Tables H1 2022’, a total of 671 M&A deals worth $163.9 billion were announced in the power sector during H1 2022.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Both Latham & Watkins and Kirkland & Ellis were the clear winners by value and volume, respectively. While Latham & Watkins was the only firm to surpass the $15 billion mark in total deal value, Kirkland & Ellis was also the only firm to advise on more than 20 deals during H1 2022. Interestingly, Latham & Watkins and Kirkland & Ellis also managed to register robust growth in value and volume in H1 2022 compared to H1 2021, respectively.”

An analysis of GlobalData’s Financial Deals Database reveals that Allen & Overy occupied the second position by value, by advising on $12.5 billion worth of deals, followed by  Clifford Chance with $9.8 billion, Herbert Smith Freehills with $9 billion, and King & Wood Mallesons with $8 billion.

Meanwhile, CMS occupied the second position in terms of volume with 17 deals, followed by Latham & Watkins with 13 deals, White & Case with 13 deals, and Watson Farley & Williams with 13 deals.