Morgan, Lewis & Bockius and Vinson & Elkins were the top mergers and acquisitions (M&A) legal advisers in the power sector during the first quarter (Q1) of 2024 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 revealed that Morgan, Lewis & Bockius achieved its leading position in terms of value by advising on $5.6 billion worth of deals. Meanwhile, Vinson & Elkins led in terms of volume by advising on a total of 10 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Vinson & Elkins was the top adviser by volume in Q1 2023 and managed to retain its leadership position by this metric in Q1 2024 as well. It was the only adviser to hit double-digit deal volume during Q1 2024. Apart from leading by volume, Vinson & Elkins also occupied the second position by value during Q1 2024.”

“Meanwhile, Morgan, Lewis & Bockius saw its ranking by value improve from the fifth position in Q1 2023 to the top position in Q1 2024. Apart from leading by value, it also occupied the seventh position by volume in Q1 2024.”

Vinson & Elkins occupied the second position in terms of value, by advising on $4.8 billion worth of deals, followed by Kirkland & Ellis with $4 billion, Debevoise & Plimpton with $3.2 billion, and McGuire Woods with $3 billion.

Meanwhile, Latham & Watkins occupied the second position in terms of volume with nine deals, followed by White & Case with five deals, Kirkland & Ellis with four deals, and CMS with four deals.