I don't think there are very many big deals happening at the moment... (it's the economy, silly)

The reason we cover deals is because lawyers are genuinely interested in what other firms are doing, so the more we cover, the merrier, generally...

By the way, anyone know by any chance who has been advising Flipkart?

I think you were being a little bit offensive / intentionally trolly about how certain individuals were 'mediocre'?

Calling a professional 'mediocre' could arguably be construed as defamatory in some contexts and cases, and could get us into trouble. Nor would it advance the debate much beyond, "yes she is, no he isn't", and result in some sad junior partners, who I'm not sure it's worth singling out or picking on, particularly by anonymous commenters...?

You can't really be talking of the Indian market over the past 3 years if you think that a $24 million deal is piddly :-) Get some facts straight........there have been no more than than 6-7 "non-piddly deals" this year, whether you are looking at private equity or M&A.

And.....these "non-piddly deals" comprise less than 10% in volume of all deals in the market! And even by value thresholds, the new normal for "mid-sized deals" in India is more like $10-20 mn. Just because every now and then, there is a Apollo-Cooper, Baring-Hexaware or Alliance-KKR, that doesn't make it a boom enough market for you to call a $24 mn deal piddly......unless of course, you are saying you are regularly up to your neck working on mega Indian deals this year.....in which case..... what can I say, you are a star :-)

REALLY? Do you know how many $100 mn deals have been done in India this year till date? Or last year? Or in the last 3 years?

Trust me, you DO have to be a major star......or very brave......to be saying in the current economic scenario that "even a $100 mn deal isn't very large" :-)

But, I do agree with you on one thing - that if a smaller deal that had some important issue at stake, it should get more coverage. But in a bit of a deal-scarce situation, news sites have to report what deals do close, right (especially, when large deals like Flipkart close, no one knows who acted for them? ;-))

Quoting Amused:

REALLY? Do you know how many $100 mn deals have been done in India this year till date? Or last year? Or in the last 3 years?

Trust me, you DO have to be a major star......or very brave......to be saying in the current economic scenario that "even a $100 mn deal isn't very large" :-)

But, I do agree with you on one thing - that if a smaller deal that had some important issue at stake, it should get more coverage. But in a bit of a deal-scarce situation, news sites have to report what deals do close, right (especially, when large deals like Flipkart close, no one knows who acted for them? ;-))

My firm's M and A partners do a 100 million $ deal once in two months. Thats six a year from one firm. There are 3-4 other firms also who do between 3 to 12 such deals a year. I guess in total about 24-30 deals, and since many firms will be against each other I say about 15-20 deals a year in the market. Thats only M and A. Project Finance partners do deals bigger than 100 mn $ every 3-4 weeks.

Dear Ganzed and Confused,

We don't need to speculate on how many deals are on in the market by what your partners are or are not doing though. There are league tables that do that for us. Look at mergermarket or bloomberg (as reported on LI and Bar & Bench) league tables. Gives you a pretty good idea of what is going on in the Indian market.

Quoting Amused:

REALLY? Do you know how many $100 mn deals have been done in India this year till date? Or last year? Or in the last 3 years?

Trust me, you DO have to be a major star......or very brave......to be saying in the current economic scenario that "even a $100 mn deal isn't very large" :-)

But, I do agree with you on one thing - that if a smaller deal that had some important issue at stake, it should get more coverage. But in a bit of a deal-scarce situation, news sites have to report what deals do close, right (especially, when large deals like Flipkart close, no one knows who acted for them? ;-))

My firm's M and A partners do a 100 million $ deal once in two months. Thats six a year from one firm. There are 3-4 other firms also who do between 3 to 12 such deals a year. I guess in total about 24-30 deals, and since many firms will be against each other I say about 15-20 deals a year in the market. Thats only M and A. Project Finance partners do deals bigger than 100 mn $ every 3-4 weeks.