GlobalData, a leading data and analytics company, has revealed its league tables for the top ten legal advisers by value and volume in the oil and gas sector for Q1 2023.

Vinson & Elkins and Kirkland & Ellis emerged as the top M&A legal adviser by value and volume, respectively, in the sector during the period.

Vinson & Elkins advised on a total of $8.5bn worth of deals, while Kirkland & Ellis advised on a total of 13 deals.

GlobalData lead analyst Aurojyoti Bose said: “Kirkland & Ellis and Vinson & Elkins were the only advisers with double-digit deal volume in Q1 2023 and there was a close competition between these two firms for the top position by volume. Vinson & Elkins fell short of just one deal from occupying the top position by volume and settled for the second position by this metric with 12 deals.

“Similarly, Kirkland & Ellis, apart from leading by volume, also occupied the third position by value in Q1 2023.”

According to the  financial deals database of GlobalData, Cleary Gottlieb Steen & Hamilton secured the second position in the value table by advising on $5.8bn worth of deals, followed by Kirkland & Ellis with $4.4bn, Bracewell with $4bn, and Akin Gump Strauss Hauer & Feld with $4bn.

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By GlobalData

In terms of volume, Bracewell took the third place in terms of volume with five deals, CMS with five deals, and Sidley Austin with four 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 of the data, the company also seeks submissions from leading advisers through adviser submission forms on GlobalData’s website.