GlobalData has announced the latest Financial and Legal Adviser League Tables, which rank advisers by the total value and volume of merger and acquisition (M&A) deals they advised on in power sector during Q1-Q3 2026.
Financial Advisers
Goldman Sachs and Morgan Stanley top M&A financial advisers in power sector during Q1-Q3 2026
Goldman Sachs and Morgan Stanley were the top mergers and acquisitions (M&A) financial advisers in the power sector during the first three quarters (Q1-Q3) of 2026 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, a leading intelligence and productivity platform.
An analysis of GlobalData’s Deals Database reveals that Goldman Sachs achieved the leading position in terms of value by advising on $148.8 billion worth of deals. Meanwhile, Morgan Stanley led in terms of volume by advising on a total of 22 deals
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Morgan Stanley saw a year-on-year growth in deal volume as well as an improvement in its ranking by this metric from second position during Q1-Q3 2025 to the top position during Q1-Q3 2026. It also held the eighth position by value.
“Similarly, Goldman Sachs registered a nearly three-fold jump in its total advised deals value, which helped improve its ranking by value from third to the top position. Involvement in the $102.5 billion deal for Dominion Energy’s merger with NextEra Energy and the $33.4 billion deal for the acquisition of The AES by a consortium of investors played a pivotal role in Goldman Sachs securing the top spot by value. It also held the sixth position by volume.”
JPMorgan occupied the second position in terms of value, by advising on $147.7 billion worth of deals, followed by Wells Fargo with $136.3 billion, Bank of America with $132.6 billion, and Lazard with $110.2 billion.
Meanwhile, JPMorgan occupied the second position in terms of volume with 15 deals, followed by Rothschild & Co with 15 deals, Barclays with 14 deals, and PWC with 13 deals.
Legal Advisers
Kirkland & Ellis and Latham & Watkins top M&A legal advisers in power sector during Q1-Q3 2026
Kirkland & Ellis and Latham & Watkins were the top mergers and acquisitions (M&A) legal advisers in the power sector during the first three quarters (Q1-Q3) of 2026 by value and volume, respectively, according to the latest legal advisers league table by GlobalData, a leading intelligence and productivity platform.
An analysis of GlobalData’s Deals Database reveals that Kirkland & Ellis achieved the leading position in terms of value by advising on $169.5 billion worth of deals. Meanwhile, Latham & Watkins led in terms of volume by advising on a total of 26 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Latham & Watkins was the top adviser by volume in Q1-Q3 2025 and retained its leadership position by this metric in Q1-Q3 2026 as well. However, it faced close competition from Gibson, Dunn & Crutcher, which settled at the second position in terms of volume with 25 deals.
“However, Kirkland & Ellis was the clear winner by value, outpacing its peers by a significant margin, as there was around three-fold year-on-year jump in its total advised deals value. During Q1-Q3 2026, it advised on nine billion-dollar deals* that also included a very high-value transaction worth more than $100 billion. Involvement in these big-ticket deals helped Kirkland & Ellis register a massive jump in value.”
Paul, Weiss, Rifkind, Wharton & Garrison occupied the second position in terms of value, by advising on $114.6 billion worth of deals, followed by Vinson & Elkins with $108.1 billion, McGuireWoods with $102.5 billion, and Davis Polk & Wardwell with $41.9 billion.
Meanwhile, Gibson, DLA Piper occupied the third position in terms of volume with 23 deals, followed by Kirkland & Ellis with 22 deals, and CMS with 18 deals.
*Deals valued more than or equal to $1 billion
