AZB & Partners came out on top of a 2014 first-half-year league table released by corporate analytics company Venture Intelligence, recording 22 deals worth more than $2bn. AZB had also topped the company’s half yearly rankings in 2013.
Induslaw recorded 15 deals in the rankings, jumping from last half-year’s eight. It was one of the law firms on Snapdeal’s $100m equity infusion, which made up a chunk of its $300m of included private equity (PE) deals that put it just inside the top six firms by value of transactions reported. Other smaller firms, such as K Law, also ranked highly by deal count and values.
ALMT Legal came out in second place by volume with 17 deals totalling ($99m). Tatva Legal and Samvad Partners, which were tied with Indus last year, were respectively at ninth and tenth place in the rankings having recorded four and three deals.
The rankings pegged Amarchand in fifth position, with 10 qualifying private equity deals worth $386m. Amarchand acted this year on Bertelsmann’s infusion into Pepperfry, Warburg Pincus into Fidelity Capital, Snapdeal, and the Groupe Lactalis FDI from Carlyle among others.
S&R Associates which acted on the $12m India Property Online funding with ELP and Fox Mandal slotted in at 15th place.
Khaitan & Co recorded only two deals of $33m putting it into ninth position.
AZB had also led the M&A rankings in Q1 2014 but dropped off to seventh spot by the end of the half year, according to data from Mergermarket.
Recorded private equity instructions, by volume
| Rank | Firm | # of deals | Value $m |
|---|---|---|---|
| 1 | AZB & Partners | 22 | 2123 |
| 2 | ALMT Legal | 17 | 99 |
| 3 | IndusLaw | 15 | 300 |
| 4 | K Law | 12 | 179 |
| 5 | Amarchand & Mangaldas | 10 | 386 |
| 6 | Nishith Desai Associates | 9 | 66 |
| 7 | Trilegal | 8 | 480 |
| 8 | BMR Legal | 6 | 94 |
| 8 | J Sagar Associates | 6 | 320 |
| 9 | Luthra & Luthra | 4 | 423 |
| 9 | Tatva Legal | 4 | 14 |
| 10 | Economic Laws Practice | 3 | 94 |
| 10 | Samvad Partners | 3 | 31 |
| 11 | Juris Corp | 2 | 22 |
| 11 | Khaitan & Co. | 2 | 33 |
| 11 | Shearman & Sterling | 2 | 260 |
| 12 | Allen & Overy | 1 | 128 |
| 12 | HSA Advocates | 1 | 14 |
| 12 | LexCounsel | 1 | |
| 12 | Majmudar & Partners | 1 | 15 |
| 12 | PC Legal | 1 | 4 |
| 12 | S Eshwar Consultants | 1 | 1 |
| 12 | S&R Associates | 1 | 15 |
Source: Venture Intelligence
Recorded private equity instructions, by value
| Rank | Firm | # of deals | Value $m |
|---|---|---|---|
| 1 | AZB & Partners | 22 | 2123 |
| 2 | Trilegal | 8 | 480 |
| 3 | Luthra & Luthra | 4 | 423 |
| 4 | Amarchand & Mangaldas | 10 | 386 |
| 5 | J Sagar Associates | 6 | 320 |
| 6 | IndusLaw | 15 | 300 |
| 7 | Shearman & Sterling | 2 | 260 |
| 8 | K Law | 12 | 179 |
| 9 | Allen & Overy | 1 | 128 |
| 10 | ALMT Legal | 17 | 99 |
| 11 | BMR Legal | 6 | 94 |
| 12 | Economic Laws Practice | 3 | 94 |
| 13 | Nishith Desai Associates | 9 | 66 |
| 14 | Khaitan & Co | 2 | 33 |
| 15 | Samvad Partners | 3 | 31 |
| 16 | Juris Corp | 2 | 22 |
| 17 | Majmudar & Partners | 1 | 15 |
| 18 | S&R Associates | 1 | 15 |
| 19 | Tatva Legal | 4 | 14 |
| 20 | HSA Advocates | 1 | 14 |
| 21 | PC Legal | 1 | 4 |
| 22 | S Eshwar Consultants | 1 | 1 |
| 23 | LexCounsel | 1 |
Source: Venture Intelligence
Comments
http://www.legallyindia.com/201405294758/Private-equity-/-VC/s-amp-r-amarchand-on-nertelsmann-norwest-rsquo-s-15m-infusion-into-pepperfry
However, at 15m that deal seems to have been recorded in the table. They are likely to have done another PE deal this year too, but the league tables are imperfect and generally tally up whatever information has been recorded in public, so they, and firms' performances need to be taken with a pinch of salt.
See also:
http://www.legallyindia.com/201402034307/Legal-opinions/law-firm-league-tables-explained
The surprises for me have been JSA and KCO not getting enough number of deals. I also wonder how NDA and ALMT manage to get any fees if their average deal size is 5 to 7 mil. Even the K Laws of the world have better average deal size.
http://www.ventureintelligence.in/leagues.php