Am Law Daily reports that Indian firms are beginning to make waves as several Indian law firms have now surpassed large global practices in rankings of legal advisors on project finance and public-to-private partnership deals that closed in the first half of 2009.
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Brian Baxter writes in his piece ….Indian Law Firms Crack the Dealmaker Ranks
That the latest report by Dealogic , according to The Times of India, is evidence that the country’s legal profession is gaining on the outsourcing and information technology sector for global recognition.
Indian legal advisers took the top three spots in Dealogic’s categories for project finance deals and P3 transactions. (Click here for a more refined look at the Dealogic report, courtesy of Asia Legal Business.)
The Dealogic data shows that in the first half of 2009, Indian firms closed 36 project finance deals valued at $31.9 billion, an increase of 158 percent over the same period last year. Indian firms Luthra & Luthra, India Law Services, and Amarchand & Mangaldas capitalized on the boom in Indian project finance deals to beat out global mainstays like White & Case, Clifford Chance, DLA Piper, and Latham & Watkins.
Full article at? http://amlawdaily.typepad.com/amlawdaily/2009/07/indian-law-firms-crack-the-dealmaker-ranks.html
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