Amarchand tops dealogic projects league table again ahead Luthra & AZB, & newcomer Desai & D

Exclusive

Friday, 31 January 2014 By Legally India Projects

Amarchand Mangaldas maintained status quo as project finance leader for the third year running and reported a greater overall deal revenue since last year, according to data provider dealogic’s year end table for 2013.

Project finance boutique Link Legal which had reported a strong performance last year slipped from the table completely this year to give the second place to Desai & Diwanji, which was not among last year’s 10 frontrunners from India.

Amarchand acted on 27 deals worth over $10bn as compared to 2012’s 24 deals worth $7.4bn, and Desai & Diwanji acted on 20 deals worth over $6bn.

AZB & Partners was present on the project finance league table for the first time in three years, sitting at number four, after Luthra with its three deals worth over $3bn. Luthra’s eight smaller deals valued similar to AZB’s overall deal value.

Amarchand, Desai & Diwanji, Luthra & Luthra, AZB and SJ Law Advocates & Solicitors were the only law firms to make it to the Asia Pacific top ten.

Legal Adviser of India Project Finance Deals – Full Year 2013

Pos.	Legal Adviser	Amount ($m.)	No.	%share
1	Amarchand Mangaldas	10,063	27	27.2
2	Desai & Diwanji	6,252	20	16.9
3	Luthra & Luthra	3,426	8	9.3
4	AZB & Partners	3,025	3	8.2
5	SJ Law Advocates & Solicitors	2,394	12	6.5
6	Clasis Law	2,116	14	5.7
7	Khaitan Sud & Partners	1,944	10	5.3
8	India Law Services	1,368	5	3.7
9	B & B Legal Syndicate	906	2	2.4
10	Reed Smith LLP	770	1	2.1
	Total	37,004	126	100.0

Comments

ABC 31 Jan 2014, 13:19

+1 -0

any idea about the billing rates for these transactions? are they lump sum quotes?

Good going... 31 Jan 2014, 19:07

+4 -0

D&D has always been more of a Corporate / M & A boutique having just recently ramped up its project finance practice after a bunch of smart lateral hires. Keep it up in other areas as well!

Me 31 Jan 2014, 23:04

+0 -0

Isn't In India Law Services and Link Legal merged???

Scooter2 1 Feb 2014, 04:41

Didn't bar and bench cover this some 10 days back?

kianganz 1 Feb 2014, 05:15

The India only rankings are prepared exclusively for us by merger markets... the standard version they send out includes only 2 or 3 Indian firms...

Abc 1 Feb 2014, 07:02

Where is JSA? Amit Kapur et al...what's happening there. No Khaitan either?

Guest 3 Feb 2014, 06:19

JSA is only doing 1 or 2 lender transactions. Most of their work is from the Borrower side. Which is just milking the client as bulk of the work is done by the Lenders' Counsels.

I 3 Feb 2014, 06:07

ya what bout JSA and Tri?

Huh 3 Feb 2014, 06:47

It is the Lenders' counsel who milk the Borrower. Though they bill the Lender(s), it's ultimately the Borrower who foots the bill. If a flat fee is not negotiated, it's a free for all at the cost of the Borrower, as the client (Lender) has little incentive in keeping tabs on the amount and authenticity of the time billed.

kianganz 3 Feb 2014, 14:54

FYI, as promised earlier, here's an insidery view on legal league tables and why some deals and firms get reported, and others don't:

http://www.legallyindia.com/201402034307/Legal-opinions/law-firm-league-tables-explained

Commenting is closed for this article.