Amarchand Mangaldas

Amarchand Mangaldas Mumbai partner Vandana Pai Bharucha has left the firm for health reasons.

Former Reserve Bank of India (RBI) deputy governor Anand Sinha joined Amarchand Mangaldas yesterday as senior advisor (financial services) in Mumbai.

Amarchand Mangaldas Mumbai capital markets partner Abhimanyu Bhattacharya has left the firm on Saturday.

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 to top spot.

Indian law firms have taken a deeper interest in policy formulation in the last five years than they have before, however they are wary in a big way of being seen as “lobbyists”.

Amarchand Mangaldas advised realty giant DLF on India’s first commercial mortgage backed securities (CMBS) issue to raise Rs 3,500 crore this fiscal.

Desai & Diwanji advised Fidelity Capital in the sale of its equity in Laurus Labs, which was advised by Amarchand Mangaldas, to Warburg Pincus which was advised by AZB & partners.

Indus Law advised old client and online marketplace Snapdeal’s parent Jasper Infotech in its $100m (Rs 590 crore) second round of funding from US-based BlackRock Financial Management, Singapore’s sovereign wealth fund Temasek, Hong Kong-based Myriad Asset Management and Tybourne Capital Management, and Azim Premji’s Premji invest

Answer: It depends (but nine is magic number)

The markets are picking up it looks like – here’s the round-up of what firms have been getting up to.