Latham & Watkins has emerged as the top legal adviser in the power sector's mergers and acquisitions (M&A) during the first three quarters of 2024, leading in both deal value and volume, according to GlobalData’s league table.
Latham & Watkins advised on 23 deals, amounting to $19.6bn.
Skadden, Arps, Slate, Meagher & Flom secured second position by deal value, advising on transactions worth $12.2bn.
They were closely followed by Vinson & Elkins with deals totalling $12.1bn, Kirkland & Ellis with $11.1bn, and Clifford Chance with $9.2bn.
Kirkland & Ellis stood second in deal volume with 22 deals. CMS was not far behind, advising on 21. Vinson & Elkins and White & Case both advised on 17.
GlobalData lead analyst Aurojyoti Bose stated: “Latham & Watkins was significantly ahead of its peers in terms of value but faced tough competition in terms of deal volume. During Q1 to Q3 2024, Latham & Watkins advised on seven billion-dollar deals.
“The involvement in these big-ticket deals helped Latham & Watkins register a massive jump in terms of value.”
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 of the data, the company also seeks deal submissions from leading advisers.
