Latham & Watkins and CMS have emerged as the top mergers and acquisitions (M&A) legal advisers in the power sector for 2024 based on value and volume respectively, according to GlobalData, a data and analytics company.
GlobalData’s deals database analysis shows that Latham & Watkins secured the top spot by value, advising on deals worth $19.4bn.
CMS led by volume, advising on a total of 30 transactions.
GlobalData lead analyst Aurojyoti Bose said: “Latham & Watkins registered more than a double-fold jump in the total value of deals advised by it during 2024 compared to the previous [year]. It went ahead from occupying the fifth position by value in 2023 to top the chart by this metric in 2024. Apart from leading by value, Latham & Watkins also occupied the second position by volume during the year.
“Meanwhile, CMS’s ranking by volume improved from the second position in 2023 to the top position in 2024, even though the number of deals advised by it remained unchanged.”
Skadden, Arps, Slate, Meagher & Flom ranked second by value with $12.5bn in advised deals.
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By GlobalDataThey were followed by Vinson & Elkins with $11.7bn, Kirkland & Ellis with $11.5bn and White & Case with $11.3bn.
In terms of deal volume, Latham & Watkins held the second position with 26 deals. While White & Case had 26 deals, its total value was lower.
Kirkland & Ellis advised on 25 deals, while Vinson & Elkins’ deal volume stood at 21 deals.
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.
To ensure further robustness to the data, the company also seeks submissions of deals from leading advisers.
