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  1. Deals League Tables
January 28, 2022

Top 10 global M&A legal advisers in oil and gas sector for 2021 revealed

GlobalData has revealed top 10 legal advisers in oil and gas sector by value and volume for 2021 in its report.

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 2021 in its report, ‘Global and Oil  & Gas M&A Report Legal Adviser League Tables 2021’.

According to GlobalData’s M&A report, a total of 1,799 merger and acquisition (M&A) deals were announced in the sector during 2021, while deal value for the sector increased by 16.4% from $287.9bn in 2020 to $335bn in 2021.

Top advisers by value and volume

Vinson & Elkins and Kirkland & Ellis were the top M&A legal advisers in the oil & gas sector for 2021 by value and volume, respectively.

Vinson & Elkins advised on 48 deals worth $47.5bn, while Kirkland & Ellis advised on 51 deals worth $29.2bn.

GlobalData lead analyst Aurojyoti Bose said: “Kirkland & Ellis was the only firm that managed to advise on more than 50 deals during 2021. However, due to its involvement in relatively low-value deals, it had to settle for the seventh position by value.

“Meanwhile, the value of deals advised by Vinson & Elkins was just a little shy of the $50 billion mark. The average size of deals advised by Vinson & Elkins stood at $989.9 million, while it stood at $572.4 million for Kirkland & Ellis.”

Latham & Watkins took the second position in terms of value, with 24 deals worth $40.7bn; followed by White & Case, with 21 deals worth $38.8bn; Baker Botts, with 24 deals worth $38.7bn; and Simpson Thacher & Bartlett, with 10 deals worth $36.8bn.

Vinson & Elkins occupied the second position in terms of volume, followed by Akin Gump Strauss Hauer & Feld, with 25 deals worth $15bn. Latham & Watkins occupied the fourth position by volume, followed by Baker Botts.

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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