Gibson, Dunn & Crutcher, a prominent US multinational law firm, has emerged as the leader in mergers and acquisitions (M&A) legal services within the power sector for 2025. The firm counseled on transactions comprising an impressive $66.6 billion throughout the past year. This incredible performance guaranteed its number one spot in the rankings for value of deals.
Over the course of 2025, Gibson, Dunn & Crutcher handled six different billion-dollar agreements, demonstrating its prowess in the most consequential of negotiations. Among these notable transactions was a megadeal valued at more than $10 billion, which further cemented the firm’s reputation as a key player in the power sector’s legal landscape.
The firms’ prowess in guiding clients through high-stakes or complicated transactions has earned honors from expert commentators. Aurojyoti Bose highlighted the competitive nature of the M&A market, noting that while Gibson, Dunn & Crutcher excelled in deal value, other firms made significant contributions.
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. – Aurojyoti Bose
Gibson, Dunn & Crutcher led the tables in term value. At the same time, Latham & Watkins proved their prowess by leading the way on a number of complex, high-profile transactions. That’s a sign of a very healthy and competitive ecosystem, one where any number of different firms could achieve prominence.