Detailed rankings of 2009-10 IPO and QIP transactions and a list of foreign law firms who are actively involved in the Indian capital markets. This story is an excerpt of the detailed PDF report. To download click here..Like many other businesses and services, international law firms also see India as the opportunity that cannot be missed. On the capital markets front, unlike the domination of a few domestic firms, the transactions are quite widely spread across international firms, with Jones Day, Dorsey, Linklaters, Latham & Watkins and Clifford Chance being the dominant players in 2009-10. In terms of the number of transactions in 2009-2010, Jones Day heads the list of international law firms with 18 deals, closely followed by Dorsey, which was mandated, on 17 deals. Linklaters and Latham have focused on the premium end of the market and acted as legal advisors on 12 and 7 deals, respectively. The other notable event is the rise of Clifford Chance as an important player in the Indian capital markets..On the strategic front, the international firms have adopted aggressive fee strategies in last few years and have also hired Indian qualified lawyers with experience in the Indian market..Table below depicts active International Legal Counsels (ILC) in terms of their representations in both IPO and QIP mandates..Top ILC.RankFirmIPOQIPTotal1Jones Day711182Dorsey & Whitney107173Clifford Chance57123Linklaters39124Latham & Watkins4375Allen & Overy2466DLA Piper, Singapore–446Skadden, Arps, Slate, Meagher & Flom2247Ashurst2–27White & Case2–28Freshfields Bruckhaus Deringer1–18K&L Gates1–18Milbank Tweed Hadley McCloy1–18O’ Melveny & Myers1–18Pepper Hamilton1–18Shearman & Sterling1–18Wilson Sonsini Goodrich & Rosati1–1.Methodology.Parameters considered for rankings:.We have factored in all transactions where: (a) in case of an IPO, the Company has filed the draft red herring prospectus, red herring prospectus or the prospectus with the SEBI; and (b) in case of a QIP, the Company has filed a Placement Document with the stock exchanges between April 1, 2009 to March 31, 2010.We would like to highlight that there are several instances where Companies have filed their draft red herring prospectus with SEBI but have not yet raised capital from the market. We have included such transactions for the purposes of determining the rankings.Please note this report is limited to only IPOs (including FPOs) and QIPs and does not cover other forms of capital raisings..To download the PDF report covering Indian Law Firms, International Legal Counsels, Top 25 IPO transactions, Interviews with Cyril Shroff, Neeta Sanghavi, Manoj Bhargava and Rajiv Gupta and a detailed table of capital market rankings Click Here
Detailed rankings of 2009-10 IPO and QIP transactions and a list of foreign law firms who are actively involved in the Indian capital markets. This story is an excerpt of the detailed PDF report. To download click here..Like many other businesses and services, international law firms also see India as the opportunity that cannot be missed. On the capital markets front, unlike the domination of a few domestic firms, the transactions are quite widely spread across international firms, with Jones Day, Dorsey, Linklaters, Latham & Watkins and Clifford Chance being the dominant players in 2009-10. In terms of the number of transactions in 2009-2010, Jones Day heads the list of international law firms with 18 deals, closely followed by Dorsey, which was mandated, on 17 deals. Linklaters and Latham have focused on the premium end of the market and acted as legal advisors on 12 and 7 deals, respectively. The other notable event is the rise of Clifford Chance as an important player in the Indian capital markets..On the strategic front, the international firms have adopted aggressive fee strategies in last few years and have also hired Indian qualified lawyers with experience in the Indian market..Table below depicts active International Legal Counsels (ILC) in terms of their representations in both IPO and QIP mandates..Top ILC.RankFirmIPOQIPTotal1Jones Day711182Dorsey & Whitney107173Clifford Chance57123Linklaters39124Latham & Watkins4375Allen & Overy2466DLA Piper, Singapore–446Skadden, Arps, Slate, Meagher & Flom2247Ashurst2–27White & Case2–28Freshfields Bruckhaus Deringer1–18K&L Gates1–18Milbank Tweed Hadley McCloy1–18O’ Melveny & Myers1–18Pepper Hamilton1–18Shearman & Sterling1–18Wilson Sonsini Goodrich & Rosati1–1.Methodology.Parameters considered for rankings:.We have factored in all transactions where: (a) in case of an IPO, the Company has filed the draft red herring prospectus, red herring prospectus or the prospectus with the SEBI; and (b) in case of a QIP, the Company has filed a Placement Document with the stock exchanges between April 1, 2009 to March 31, 2010.We would like to highlight that there are several instances where Companies have filed their draft red herring prospectus with SEBI but have not yet raised capital from the market. We have included such transactions for the purposes of determining the rankings.Please note this report is limited to only IPOs (including FPOs) and QIPs and does not cover other forms of capital raisings..To download the PDF report covering Indian Law Firms, International Legal Counsels, Top 25 IPO transactions, Interviews with Cyril Shroff, Neeta Sanghavi, Manoj Bhargava and Rajiv Gupta and a detailed table of capital market rankings Click Here