Amarchand Mangaldas maintained status quo as project finance leader for the third year running and reported a greater overall deal revenue since last year, according to data provider dealogic’s year end table for 2013.
Project finance boutique Link Legal which had reported a strong performance last year slipped from the table completely this year to give the second place to Desai & Diwanji, which was not among last year’s 10 frontrunners from India.
Amarchand acted on 27 deals worth over $10bn as compared to 2012’s 24 deals worth $7.4bn, and Desai & Diwanji acted on 20 deals worth over $6bn.
AZB & Partners was present on the project finance league table for the first time in three years, sitting at number four, after Luthra with its three deals worth over $3bn. Luthra’s eight smaller deals valued similar to AZB’s overall deal value.
Amarchand, Desai & Diwanji, Luthra & Luthra, AZB and SJ Law Advocates & Solicitors were the only law firms to make it to the Asia Pacific top ten.
Legal Adviser of India Project Finance Deals – Full Year 2013
Pos. | Legal Adviser | Amount ($m.) | No. | %share |
1 | Amarchand Mangaldas | 10,063 | 27 | 27.2 |
2 | Desai & Diwanji | 6,252 | 20 | 16.9 |
3 | Luthra & Luthra | 3,426 | 8 | 9.3 |
4 | AZB & Partners | 3,025 | 3 | 8.2 |
5 | SJ Law Advocates & Solicitors | 2,394 | 12 | 6.5 |
6 | Clasis Law | 2,116 | 14 | 5.7 |
7 | Khaitan Sud & Partners | 1,944 | 10 | 5.3 |
8 | India Law Services | 1,368 | 5 | 3.7 |
9 | B & B Legal Syndicate | 906 | 2 | 2.4 |
10 | Reed Smith LLP | 770 | 1 | 2.1 |
Total | 37,004 | 126 | 100.0 |
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www.legallyindia.com/201402034307/Legal-opinions/law-firm-league-tables-explained
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