infrastructure

Luthra & Luthra has built on its lead in the Dealogic Indian project finance league table of the first three quarters of 2010, as Amarchand Mangaldas completed four project financings in the last quarter and caught up into second place ahead of newcomers such as Axon Partners LLP and R&A Legal Advocates. Globally the top two firms are also in the top 10 of project finance legal advisers by value.

Luthra & Luthra was the most active project finance legal advisers both by value and volume in the first half of 2010, followed by India Law Services, SJ Law Advocates & Solicitors,  Amarchand Mangaldas and AZB & Partners and SN Gupta & Co, according to data compiled for Legally India by data provider Dealogic.

SN Gupta & Co has hired Planning Commission consultant Rashi Anand Suri as a partner to start up the firm's infrastructure and projects practice.

Amarchand Mangaldas, J Sagar Associates (JSA) and Australian firm Mallesons Stephen Jacques have advised on the Macqaurie-SBI Infrastructure Fund, which is slated to be the biggest fund investing in the Indian infrastructure sector to date.

Luthra & Luthra, India Law Services and Amarchand Mangaldas have leapfrogged to the top of global project finance deal rankings over the last six months, benefiting from Indian project finance deals rising by 158 per cent against the same period last year to almost $32bn (Rs 154,000 crore).

Delhi-headquartered law firm King Stubb & Kasiva is set to open a new office in Mumbai within months and has added a new equity partner to its head office ranks.

The firm is currently finalising the negotiations with up to two partners from Mumbai firms to spearhead its new office.

Managing partner Jidesh Kumar (pictured) said: "The Mumbai office would be banking, finance and infrastructure focused. We are looking at having an infrastructure partner from one of the top five law firms there."

Khaitan & Co has continued its aggressive lateral hiring strategy, taking partner Prabjot Singh Bhullar from AZB & Partners.

Bhullar (pictured) was based in AZB's Mumbai office but will relocate to Delhi, where he will significantly bolster Khaitan's infrastructure and projects capacity.

Khaitan partner Rabindra Jhunjhunwala said that the firm was keen to expand in infrastructure and tax, in order to improve cross selling opportunities to the firm's domestic clients.