•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student
other

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

M&A league table H1 2014: AZB slips without mega deals as AMSS tops ahead of S&R, Luthra

Mergermarket Q1 M&A value leader AZB & Partners slipped to seventh spot in 2014’s half-yearly rankings, while Q1 ninth-ranked Amarchand made up the lag in its M&A reported instructions to hold the top spot.

S&R Associates, which was missing from the Q1 value table, closed the $1.4bn Vodafone-Piramal buyout and jumped into second spot, replacing Trilegal which slipped to rank nine in terms of value.

Luthra & Luthra maintained its value ranking on the league tables (rank 3), but slipped from second place to sixth in terms of deal count after closing a lesser number of M&As than Amarchand, AZB, Desai & Diwanji, Khaitan & Co and JSA in that order.

Crawford Bayley’s two deals catapulted it to fourth spot in the value table ahead of AZB sitting at number seven, Khaitan at eight and JSA on rank 12, despite all those firms’ double digit deal count figures.

Crawford, Amarchand and Luthra all benefited from having roles on this half-year’s biggest deal: the $4bn Ranbazy sell out to Sun Pharma.

Values

Q2 brought on a boom of big mandates with H1 M&A leader Amarchand having acted on deals worth over $8bn, and Trilegal – ranked nine by deal values docketing a bigger total M&A closing values ($1.2bn) than what Q1 leader AZB did ($1.03bn) at the end of Q1.

Khaitan & Co, which was ranked five in Q1, was replaced by a new entrant on the value table – PH Bathiya & Associates, as Khaitan slipped to eighth spot.

Volumes

Amarchand did 13 more deals in Q2 to docket a total of 20 M&As by the end of the half year, while AZB did 12 more and totalled 17 M&As in H1.

Three-time consecutive M&A deal count leader Desai & Diwanji, which had gone missing from Q1’s table, flew back into third place.

Domestic firms: league table by value (via mergermarket)

Rank Firm Value (US$m) Deal Count
1 Amarchand Mangaldas 8,354 20
2 S&R Associates 4,838 4
3 Luthra & Luthra 4,735 8
4 Crawford Bayley & Co 4,463 2
5 P H Bathiya & Associates 3,967 7
6 Platinum Partners 3,140 1
7 AZB & Partners 2,696 17
8 Khaitan & Co 1,692 12
9 Trilegal 1,293 8
12 Nishith Desai Associates 838 3
13 Vaish Associates 782 3
14 J Sagar Associates 572 10

Domestic firms: league table by volume

Rank Firm Value (US$m) Deal Count
1 Amarchand Mangaldas 8,354 20
2 AZB & Partners 2,696 17
3 Desai & Diwanji 185 16
4 Khaitan & Co 1,692 12
5 J Sagar Associates 572 10
6 Luthra & Luthra 4,735 8
7 Trilegal 1,293 8
8 P H Bathiya & Associates 3,967 7
9 DSK Legal 142 7
11 S&R Associates 4,838 4
12 Nishith Desai Associates 838 3
13 Vaish Associates 782 3
14 Tatva Legal 37 3
15 Crawford Bayley & Co 4,463 2
16 K Law 163 2

View from outside

Among the foreign firms, Davis Polk & Wardwell was both busiest on the league table, with four deals, and leader in the total value stakes too with $6bn on its reported tally.

White & Case, Herbert Smith Freehills and DLA Piper each saw three of their deals included in the half-year ranking.

Foreign firms by value

Rank Firm Value (US$m) Deal Count
1 Davis Polk & Wardwell 6,033 4
2 Shearman & Sterling 4,227 2
3 White & Case 4,172 3
4 Weil Gotshal & Manges 3,967 1
5 Slaughter and May 3,140 1
6 Herbert Smith Freehills 1,087 3
7 Allen & Overy 1,038 2
8 Edward Nathan Sonnenbergs 676 1
8 Clifford Chance 496 2
8 Koury Lopes Advogados (KLA) 496 1
8 Veirano Advogados 496 1
12 Bowman Gilfillan Africa Group 453 1
13 Bryan Cave 358 1

Foreign firms by volume

Rank House Value (US$m) Deal Count
1 Davis Polk & Wardwell 6,033 4
2 White & Case 4,172 3
3 Herbert Smith Freehills 1,087 3
4 DLA Piper 63 3
5 Shearman & Sterling 4,227 2
6 Allen & Overy 1,038 2
7 Clifford Chance 496 2
8 O'Melveny & Myers 290 2
9 Stikeman Elliott 260 2
10 Loyens & Loeff 235 2

Source: mergermarket

Click to show 11 comments
at your own risk
(alt+c)
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.

Latest comments