AZB & Partners was the busiest private equity legal advisor of 2010 ahead of ALMT Legal and Indus Law tied in second place followed by DSK Legal and Tatva Legal. Amarchand Mangaldas and Trilegal came in fourth and fifth places respectively, according to a volume-based league table by data provider Venture Intelligence.

AZB & Partners, Indus Law, ALMT Legal and Trilegal have topped data provider Venture Intelligence’s private equity league tables for the first nine months of this year.

Exclusive: Amarchand Mangaldas has reclaimed the top rank in Legally India’s 2010-11 first-half-year initial public offering (IPO) league table ahead of Luthra & Luthra, with AZB & Partners winning third place after doubling its IPO mandates compared to the same period last year as Khaitan & Co dropped four ranks.

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 jointly topped Legally India’s quarterly IPO league tables for the first time alongside Amarchand Mangaldas over the first quarter of the 2010-11 financial year with five mandates each while AZB & Partners slotted into third place.

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.

Luthra & Luthra, AZB & Partners and S&R Associates have pushed up the IPO league tables this October, as J Sagar Associates (JSA) and capital markets specialist firm JurisPrudent Consulting Partners make their entry into the rankings.

Moily on foreign firms, league tables and law firm movers and shakers in this week’s newsletter.

AZB, DSK and Trilegal have done well in Asia Pacific private equity deal rankings despite heavily depressed values and volumes this year.

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.