Latham & Watkins and Kirkland & Ellis were the top M&A legal advisers in the power sector for Q1-Q3 2022 by value and volume, respectively, according to the latest Legal Advisers League Table by GlobalData, which ranks legal advisers by the value and volume of M&A deals on which they advised.

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 $19.2 billion worth of deals. Meanwhile, Kirkland & Ellis led by volume by advising on a total of 40 deals.

According to GlobalData’s report, ‘Global and Power M&A Report Legal Adviser League Tables Q1-Q3 2022’, a total of 2,156 M&A deals worth $257 billion were announced in the sector during Q1-Q3 2022.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “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.”

An analysis of GlobalData’s Financial Deals Database reveals that CMS occupied the second position by value, advising on $16.6 billion worth of deals; followed by  Allen & Overy, with $13.5 billion; White & Case, with $10.7 billion; and Simpson Thacher & Bartlett, with $10.2 billion.

Meanwhile, White & Case occupied the second position in terms of volume with 30 deals; followed by CMS, with 29 deals; Clifford Chance, with 22 deals; and Watson Farley & Williams, with 21 deals.