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November 3, 2020

Top 10 global M&A legal advisers by value and volume in oil and gas sector for Q1–Q3 2020 revealed

GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 legal advisers in oil and gas sector by value and volume for Q1–Q3 2020 in its report,  ‘Global and Oil & Gas M&A Report Legal Adviser League Tables Q1-Q3 2020’.

By Shalini Nair

GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 legal advisers in oil and gas sector by value and volume for Q1–Q3 2020 in its report,  ‘Global and Oil & Gas M&A Report Legal Adviser League Tables Q1-Q3 2020’.

According to GlobalData’s M&A report, a total of 1,115 M&A deals were announced in the oil and gas sector during the period. There was a 21.1% decrease over 1,414 deals that were announced during Q1–Q3 2019. Deal value also decreased by 45.1% from $332bn in Q1–Q3 2019 to $182bn in Q1–Q3 2020.

Alston & Bird tops by value

As per GlobalData’s ranking, Alston & Bird secured top spot in terms of deal value by advising on three deals worth $34bn. This was the highest value among all the advisers.

Simpson Thacher & Bartlett bagged the second position by value with four deals worth $30.1bn, followed by Wachtell Lipton Rosen & Katz with two deals worth $22.4bn and Akin Gump Strauss Hauer & Feld with four deals worth $21.3bn.

Kirkland & Ellis leads by volume

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Kirkland & Ellis led by volume, having advised on 28 deals worth $20.7bn.

Baker Botts took the second spot by volume with 19 deals worth $5.5bn, followed by Vinson & Elkins with 14 deals worth $15.5bn and Latham & Watkins with 11 deals worth $8bn.

GlobalData lead analyst Aurojyoti Bose said: “Kirkland & Ellis was the only adviser to advise on more than 20 deals, thereby outpacing its peers by a great margin in terms of volume. However, it lost the top position by value to Alston & Bird, which advised on only three deals but these were ‘high-value transactions’.

“Alston & Bird managed to advise on two megadeals worth more than $10bn, while Kirkland & Ellis advised on five deals worth greater than or equal to $1bn but didn’t land any mega 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 from leading advisers, through adviser submission forms on GlobalData’s website

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