Latham & Watkins and CMS rank as top M&A legal advisers in 2024 power sector
According to GlobalData, a prominent data and analytics company, Latham & Watkins and CMS have emerged as the leading legal advisers in the power sector for mergers and acquisitions (M&A) in 2024 based on different metrics. Latham & Watkins stood out for their impressive track record by advising on transactions with a total value of $19.4 billion, securing the top spot in terms of deal value. On the other hand, CMS showcased their prowess by leading in terms of volume, having advised on a total of 30 transactions throughout the year.
GlobalData’s lead analyst, Aurojyoti Bose, highlighted the significant achievement of Latham & Watkins, noting that the firm witnessed a substantial increase in the total value of deals they advised on in 2024 compared to the previous year. This remarkable growth propelled them from the fifth position in terms of deal value in 2023 to the top spot in 2024, reflecting their strong performance and expertise in the field. Additionally, despite their focus on high-value transactions, Latham & Watkins also secured the second position by volume in the same period.
Meanwhile, CMS’s rise to the top position by volume in 2024 marked a notable improvement from their previous ranking in 2023. Despite having the same number of deals as before, they managed to clinch the top spot, underscoring their consistency and effectiveness in handling a significant number of transactions in the power sector. Skadden, Arps, Slate, Meagher & Flom followed closely behind Latham & Watkins in terms of deal value, having advised on transactions totaling $12.5 billion.
This remarkable performance by Latham & Watkins and CMS underscores the competitive landscape of the legal advisory sector and the crucial role that these firms play in facilitating intricate M&A deals in the power sector. Their expertise, experience, and ability to navigate complex transactions have positioned them as top choices for clients seeking legal counsel for their strategic initiatives in the industry. As such, their success in 2024 serves as a testament to their reputation and capabilities in delivering value and strategic counsel to their clients.
In conclusion, the achievements of Latham & Watkins and CMS in the power sector M&A landscape in 2024 highlight the dynamic nature of the sector and the critical role that legal advisers play in driving successful transactions. By leading in both value and volume, these firms have solidified their positions at the forefront of the industry, setting a high bar for excellence and expertise in handling complex M&A deals. Their success not only reflects their own capabilities but also underscores the importance of strong legal advisory services in navigating the evolving landscape of the power sector.
