Mergermarket recently released its M&A league tables for the first quarter of 2016. And it has been a busy quarter for Indian law firms..During this period, there have been 23 outbound M&A deals valued at $2.2 billion, making it the highest Q1 deal value since 2011, a 455.1% value increase compared to Q1 2015, which saw 19 deals valued at $390 million..In India, Cyril Amarchand Mangaldas has topped the league tables in terms of deal value, whereas Khaitan & Co has recorded the most number of deals..Deal Value.Cyril Amarchand Mangaldas’ 7 deals, valued at $3.2 billion, take them to the top, followed by Vaish Associates, with 2 deals valued at $2.4 billion..The biggest deal this quarter – UltraTech Cement’s acquisition of Jaiprakash Associates’ cement manufacturing facilities at almost $2.4 billion – took both Cyril Amarchand Mangaldas and Vaish Associates to the top two spots in the league table by value..AZB & Partners is in third place, with 10 deals valued at $2.06 billion. Khaitan & Co and IndusLaw are the other Indian firms in the top ten, at 8th and 9th place, with 15 deals at $934 million and 2 deals at $900 million respectively..The other Indian firms in the list include JSA at 11, with 3 deals at $846 million, Nishith Desai Associates at 12 with 3 deals at $770 million and Shardul Amarchand Mangaldas at 15, with 6 deals valued at $479 million..The international law firms in the league table include Latham & Watkins, Linklaters, Weil Gotshal & Manges, Dechert, Herbert Smith Hills, Shearman & Sterling and Allen & overy..RankFirmDeal Value ($million)Deal Count1Cyril Amarchand Mangaldas320072Vaish Associates246023AZB & Partners2066104=Latham & Watkins128014=Linklaters128016Weil Gotshal & Manges110027Dechert94828Khaitan & Co934159IndusLaw900210Herbert Smith Freehills900111JSA846312Nishith Desai Associates770313Shearman & Sterling670314Allen & Overy484215Shardul Amarchand Mangaldas4796.Deal Count.Khaitan & Co tops the table with 15 deals, followed by AZB, with 10 deals. The two Amarchand firms are next; Cyril Amarchand is in third with 7 deals, whereas Shardul Amarchand is in fourth with 6 deals. Trilegal completes the top five with 5 deals..The other Indian firms featured include Veritas Legal, with 4 deals and a host of firms – JSA, Nishith Desai and ELP – at 3 deals each. Also on the list are Vaish Associates and IndusLaw with 2 deals each..RankFirmDeal Value (in $million)Deal Count1Khaitan & Co934152AZB & Partners2066103Cyril Amarchand Mangaldas320074Shardul Amarchand Mangaldas47965Trilegal38856Veritas Legal8547JSA84638Nishith Desai Associates77039Shearman & Sterling670310Economic Laws Practice117311Vaish Associates2460212Weil Gotshal & Manges1100213Dechert948214IndusLaw900215Allen & Overy4842
Mergermarket recently released its M&A league tables for the first quarter of 2016. And it has been a busy quarter for Indian law firms..During this period, there have been 23 outbound M&A deals valued at $2.2 billion, making it the highest Q1 deal value since 2011, a 455.1% value increase compared to Q1 2015, which saw 19 deals valued at $390 million..In India, Cyril Amarchand Mangaldas has topped the league tables in terms of deal value, whereas Khaitan & Co has recorded the most number of deals..Deal Value.Cyril Amarchand Mangaldas’ 7 deals, valued at $3.2 billion, take them to the top, followed by Vaish Associates, with 2 deals valued at $2.4 billion..The biggest deal this quarter – UltraTech Cement’s acquisition of Jaiprakash Associates’ cement manufacturing facilities at almost $2.4 billion – took both Cyril Amarchand Mangaldas and Vaish Associates to the top two spots in the league table by value..AZB & Partners is in third place, with 10 deals valued at $2.06 billion. Khaitan & Co and IndusLaw are the other Indian firms in the top ten, at 8th and 9th place, with 15 deals at $934 million and 2 deals at $900 million respectively..The other Indian firms in the list include JSA at 11, with 3 deals at $846 million, Nishith Desai Associates at 12 with 3 deals at $770 million and Shardul Amarchand Mangaldas at 15, with 6 deals valued at $479 million..The international law firms in the league table include Latham & Watkins, Linklaters, Weil Gotshal & Manges, Dechert, Herbert Smith Hills, Shearman & Sterling and Allen & overy..RankFirmDeal Value ($million)Deal Count1Cyril Amarchand Mangaldas320072Vaish Associates246023AZB & Partners2066104=Latham & Watkins128014=Linklaters128016Weil Gotshal & Manges110027Dechert94828Khaitan & Co934159IndusLaw900210Herbert Smith Freehills900111JSA846312Nishith Desai Associates770313Shearman & Sterling670314Allen & Overy484215Shardul Amarchand Mangaldas4796.Deal Count.Khaitan & Co tops the table with 15 deals, followed by AZB, with 10 deals. The two Amarchand firms are next; Cyril Amarchand is in third with 7 deals, whereas Shardul Amarchand is in fourth with 6 deals. Trilegal completes the top five with 5 deals..The other Indian firms featured include Veritas Legal, with 4 deals and a host of firms – JSA, Nishith Desai and ELP – at 3 deals each. Also on the list are Vaish Associates and IndusLaw with 2 deals each..RankFirmDeal Value (in $million)Deal Count1Khaitan & Co934152AZB & Partners2066103Cyril Amarchand Mangaldas320074Shardul Amarchand Mangaldas47965Trilegal38856Veritas Legal8547JSA84638Nishith Desai Associates77039Shearman & Sterling670310Economic Laws Practice117311Vaish Associates2460212Weil Gotshal & Manges1100213Dechert948214IndusLaw900215Allen & Overy4842
