White & Case and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the power sector during the first three quarters (Q1-Q3) of 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 Financial Deals Database reveals that White & Case achieved the leading position in terms of value by advising on $15.8 billion worth of deals. Meanwhile, Kirkland & Ellis led in terms of volume by advising on a total of 19 deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Due to the involvement in $15 the billion deal to acquire Toshiba by TBJH, the total value of deals advised by White & Case as well as its ranking by value took a major jump in Q1-Q3 2023 compared to Q1-Q3 2022. However, it faced close competition for the top spot by value from Hengeler Mueller.

“Apart from leading by value, White & Case also occupied the second position by volume during Q1-Q3 2023. Similarly, Kirkland & Ellis, which led by volume, also occupied the ninth position by value.”

Hengeler Mueller occupied the second position in terms of value, by advising on $15.1 billion worth of deals, followed by  Jones Day with $12.6 billion, Gibson, Dunn & Crutcher with $7.8 billion and Skadden, Arps, Slate, Meagher & Flom with $7.1 billion.

Meanwhile, White & Case occupied the second position in terms of volume with 16 deals, followed by Clifford Chance with 15 deals, CMS with 14 deals, and Allen & Overy with 13 deals.