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).

Despite meagre pickings, Desai & Diwanji, Khaitan & Co, AZB & Partners and Amarchand Mangaldas have topped an M&A league table, together advising on 30 Indian deals worth a total of $9.4bn in the last six months.