Wachtell, Lipton, Rosen & Katz and White & Case top M&A legal advisers in oil and gas sector during Q1 2024, reveals GlobalData

26 Apr, 2024 Wachtell, Lipton, Rosen & Katz and White & Case top M&A legal advisers in oil and gas sector during Q1 2024, reveals GlobalData

Posted in Business Fundamentals

Wachtell, Lipton, Rosen & Katz and White & Case were the top mergers and acquisitions (M&A) legal advisers in the oil & gas sector during the first quarter (Q1) of 2024 by value and volume, respectively, according to the latest legal advisers league table by GlobalData, a leading data and analytics company.

An analysis of GlobalData's Deals Database reveals that Wachtell, Lipton, Rosen & Katz achieved its leading position in terms of value by advising on $44.6 billion worth of deals. Meanwhile, White & Case led in terms of volume by advising on a total of seven deals.

Aurojyoti Bose, Lead Analyst at GlobalData, comments: "White & Case registered improvement in deals volume as well as its ranking this metric in Q1 2024 compared to Q1 2023. It's ranking by volume improved from sixth position in Q1 2023 to the top position in Q1 2024. Apart from leading by volume, White & Case also occupied the fifth position by value during Q1 2024.

"Similarly, Wachtell, Lipton, Rosen & Katz, apart from leading by value, also held the fourth position by volume during Q1 2024. Involvement in $26 billion Diamondback Energy-Endeavor Energy Resources M&A deal played a pivotal role in Wachtell, Lipton, Rosen & Katz's securing the top position in terms of value."

Vinson & Elkins occupied the second position in terms of value, by advising on $37.2 billion worth of deals, followed by Paul, Weiss, Rifkind, Wharton & Garrison with $33.4 billion, Latham & Watkins with $25.1 billion, and White & Case with $23.7 billion.

Meanwhile, Kirkland & Ellis occupied the second position in terms of volume with seven deals, followed by Latham & Watkins with six deals, Wachtell, Lipton, Rosen & Katz with five deals, and Vinson & Elkins with five deals.