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 the power sector during 2025.
Financial Advisers
Morgan Stanley top M&A financial adviser in power sector during 2025
Morgan Stanley was the top mergers and acquisitions (M&A) financial adviser in the power sector during 2025 by both value and volume, according to the latest financial advisers league table by GlobalData, a leading intelligence and productivity platform.
An analysis of GlobalData’s Financial Deals Database reveals that Morgan Stanley achieved the leading position having advised on 24 deals worth $63.4 billion.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Morgan Stanley emerged as the leading financial adviser in the power sector M&A market in 2025, topping both the value and volume rankings. The bank advised on 24 deals worth $63.4 billion, narrowly outperforming JPMorgan, which ranked second by value with $63 billion across 16 transactions. While Morgan Stanley advised on 11 billion-dollar deals*, JPMorgan advised on 10. In the volume rankings, Rothschild & Co secured the second position with 20 deals, highlighting intense competition among the top advisers in the sector.”
Moelis & Company occupied the third position in terms of value, by advising on $45.5 billion worth of deals, followed by Goldman Sachs with $43 billion and Lazard with $39.5 billion.
Meanwhile, Barclays occupied the third position in terms of volume with 18 deals, followed by JPMorgan with 16 deals and Lazard with 16 deals.
*Deals valued ≥ $1 billion
Legal Advisers
Gibson, Dunn & Crutcher and Latham & Watkins top M&A legal advisers in power sector by value and volume in 2025
Gibson, Dunn & Crutcher and Latham & Watkins were the top mergers and acquisitions (M&A) legal advisers in the power sector during 2025 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 Financial Deals Database reveals that Gibson, Dunn & Crutcher achieved the leading position in terms of value by advising on $66.6 billion worth of deals. Meanwhile, Latham & Watkins led in terms of volume by advising on a total of 42 deals.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Latham & Watkins not only led by volume but also advised on some of the big-ticket deals announced in the power sector during 2025, which helped it occupy the fifth position by value as well. The American multinational law firm advised on six billion-dollar deals* that also included a mega deal valued more than $10 billion.
“Meanwhile, Gibson, Dunn & Crutcher also advised on six billion-dollar deals, of which three were mega deals that helped it top the league table by value in 2025.”
Kirkland & Ellis occupied the second position in terms of value, by advising on $56.3 billion worth of deals, followed by White & Case with $53.5 billion, Skadden, Arps, Slate, Meagher & Flom with $47.3 billion and Latham & Watkins with $26.6 billion.
Kirkland & Ellis also occupied the second position in terms of volume with 35 deals, followed by CMS with 32 deals, White & Case with 29 deals and Dentons with 28 deals.
*Deals valued ≥ $1 billion
