Source: The Economic Times

Khaitan & Co has emerged as the top legal advisor in the country during the first nine months of the current year, managing deals worth USD 18.76 billion, a report said.

It was followed by AZB & Partners, which handled transactions worth USD 15.37 billion, according to latest findings by global deal tracking firm Mergermarket.

Cyril Amarchand Mangaldas (USD 13.14 billion), Kirkland and Ellis (USD 8.84 billion) and J Sagar Associates (USD 8.74 billion) also figured on the list of top five legal firms in terms of deal value during the first nine months of 2016.

However, AZB & Partners was listed numero uno for handling the most number of deals (43), one more than Khaitan & Co, for the period under review.

Cyril Amarchand Mangaldas with 36 deals was ranked third followed by Trilegal (27), Shardul Amarchand Mangaldas (26) and J Sagar Associates (20).

India Inc’s merger and acquisition (M&A) activity reached a record level of USD 46 billion in January-September this year, up 36 per cent in value terms over the whole of 2015, as per Mergermarket data.

There were 278 transactions worth USD 46 billion in the first nine months of this year while in the whole of 2015, there were 419 deals worth USD 33.8 billion.