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 H1 2021 in its report, ‘Global and Oil & Gas M&A Report Legal Adviser League Tables H1 2021’.
According to GlobalData’s M&A report, a total of 802 M&A deals were announced in the sector during H1 2021, while deal value for the sector increased by 129.9% from $67bn in H1 2020 to $154bn in H1 2021.
Top advisers by value and volume
Latham & Watkins and Vinson & Elkins were the top mergers and acquisitions (M&A) legal advisers in the oil & gas sector for H1 2021 by value and volume, respectively.
Latham & Watkins advised on 15 deals worth $32.2bn, which was the highest value among all the advisers.
Vinson & Elkins led in volume terms having advised on 22 deals worth $24.5bn.
GlobalData lead analyst Aurojyoti Bose said: “While Vinson & Elkins was the only firm that was able to advise on more than 20 deals during H1 2021, Latham & Watkins took the lead in value terms as it surpassed $30bn.
“Interestingly, both firms also managed to advise on some of the big-ticket deals that were announced during H1 2021. Vinson & Elkins LLP advised on five billion-dollar deals (valued more than or equal to $1bn), while Latham & Watkins advised on six such deals.”
White & Case secured the second position in terms of value with 12 deals worth $29.7bn. It was followed by Burnet Duckworth & Palmer with eight deals worth $27.3bn, Baker Botts with 12 deals worth $25.7bn and Gibson Dunn & Crutcher with ten deals worth $24.6bn.
Kirkland & Ellis took the second position in terms of volume with 19 deals worth $17.6bn. It was followed by Latham & Watkins, White & Case and 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.