Bloomberg Q3 2015: AZB tops Indian league tables, features with Khaitan, JSA in APAC

AZB & Partners has topped the Bloomberg Global M&A League Rankings for the third quarter of 2015. It is also one of the three India law firms to feature in the Asia Pacific M&A league tables; the other two are Khaitan & Co and J. Sagar Associates..In terms of market share, AZB has managed to maintain a 13.6% share from last year’s third quarter. Khaitan has seen a slight increase of 1.2%, whereas Luthra & Luthra and Crawford Bayley have seen a drop in their market share by 16.8% and 12.4% respectively..Indian M&A tables (by Volume).AZB finds itself at the top, with a deal volume of $7.6 billion. Quite far behind in second place is Khaitan, which has been involved in deals worth $4.8 billion during the period between January 1 and September 30 of this year. The erstwhile Amarchand & Mangaldas & Suresh A Shroff & Co is at fourth place with a volume of $2.9 billion, followed by one of its offshoots, Cyril Amarchand Mangaldas at fifth with a deal volume of $2.4 billion..The other Indian law firms to feature include J Sagar Associates at 12th ($1.8 billion), Luthra & Luthra at 13th ($1.3 billion), Trilegal at 16th ($789 million), Nishith Desai Associates at 17th ($787 million) and Crawford Bayley & Co at joint 18th ($750 million)..Rank in Q3 2015FirmMarket ShareDeal Volume (in $ million)Deal Count1AZB & Partners13.67624772Khaitan & Co8.64854403Latham & Watkins LLP5.4303024Amarchand Mangaldas5.22919145Cyril Amarchand Mangaldas4.42481206=Sullivan & Cromwell LLP4.3244126=Davis Polk & Wardwell LLP4.3244138Ashurst LLP4.1232529=White & Case3.8215039=Andrews Kurth LLP3.8215019=Vinson & Elkins LLP3.82150112J Sagar Associates3.218124113Luthra & Luthra2.313041614=Weil Gotshal & Manges LLP2.01138114=Linklaters LLP2.01138516Trilegal1.47891117Nishith Desai Associates1.4787218Crawford Bayley & Co1.37502.Indian M&A tables (by Count).Indian law firms occupy the first eight positions in the table by deal count. AZB is top with 77 deals, followed by JSA with 41, Khaitan & Co with 40 and Cyril Amarchand Mangaldas with 20..Rank in Q3 2015FirmMarket ShareDeal Volume (in $ million)Deal Count1AZB & Partners13.67624772J Sagar Associates3.21812413Khaitan & Co8.64854404Cyril Amarchand Mangaldas4.42481205Luthra & Luthra2.31304166Amarchand Mangaldas5.22919147Trilegal1.4789118S&R Associates0.843199=Linklaters2.0113859=Herbert Smith Freehills0.737559=Baker & McKenzie0.21165.APAC (ex Japan) tables.AZB features in second place in the Asia Pacific (ex Japan) region in terms of deal count. The firm is joined by Khaitan and JSA in the APAC Mid Market (up to $500m) and Mid Market (up to $250m) tables.