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 2021 in its report, ‘Global and Oil & Gas M&A Report Legal Adviser League Tables Q1-Q3 2021’.
According to GlobalData’s M&A report, a total of 1,257 merger and acquisition (M&A) deals were announced in the sector during Q1-Q3 2021, while deal value for the sector increased by 16.1% from $192bn during Q1-Q3 2020 to $223bn in during Q1-Q3 2021.
Top advisers by value and volume
Baker Botts and Vinson & Elkins emerged as the top M&A legal advisers in the oil and gas sector for Q1-Q3 2021 by value and volume, respectively. Baker Botts advised on 20 deals worth $35.9bn, while Vinson & Elkins advised on 34 deals worth $32.8bn.
GlobalData lead analyst Aurojyoti Bose said: “Vinson & Elkins was among the only two advisers to have more than 30 deals under its belt during Q1-Q3 2021. Moreover, it was also among the very few advisors that managed to cross the $30bn mark in total deal value. As a result, Vinson & Elkins not only led by volume but also occupied third position by value. Meanwhile, the winner by value, Baker Botts, occupied fourth position by volume.”
Latham & Watkins occupied the second position, in terms of value, with 21 deals worth $35.7bn – followed by Vinson & Elkins. Gibson Dunn & Crutcher occupied the fourth position by value, with 17 deals worth $25.7bn, followed by Kirkland & Ellis, with 32 deals worth $23.6bn.
Kirkland & Ellis occupied the second position, in terms of volume, followed by Latham & Watkins, Baker Botts and Gibson Dunn & Crutcher.
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.