The Dealogic Asia Pacific Project Finance league tables are out with Indian firms featuring prominently in the top 10 law firms based on market share of deals completed between January to June 2010. Luthra takes the top slot amongst the Indian firms and is ranked second behind Taiwan based Taiwan Commercial Law Offices (TCLP).

TCLP concluded deals worth $12.83 billion (Rs. 57,730 crore) while Luthra, which was second concluded deals worth $5.3 billion (Rs. 25,230 crore).

The league tables for both Asia Pacific and Asia Project Finance deals are listed below:

Luthra’s project finance team is headed by Partner Vijaya Rao and is assisted by Bikash Jhawar. Speaking to Partner Vijaya Rao on the infrastructure and project finance activity during the first half of 2010 she said, “There was hardly a recession of the roads and power sector. There was some saturation in terms of lenders exercising some caution for very few industries but apart from that the market has been very aggressive in the infrastructure space”. The Mumbai office of Luthra has 11 members including 2 Partners as part of the project finance team.

Recently the Luthra team advised the lenders on the funding of GVK’s Coal project, Tata Steel's expansion financing worth Rs.10,400 crore ($2.31 billion) and Aircel Tower financing deal.

Other Indian law firms to figure in this table include India Law Services, SJ Law Advocates, Amarchand Mangaldas, AZB & Partners and S.N. Gupta & Co.

Dealogic, every year, comes out with a ranking table based on the various loan agreements between investment banks and companies under different categories of Mergers & Acquisitions, Equity Capital Markets, etc. Dealogic's figures are published every quarter and is closely watched by investment bankers as a measure of their firms' success in winning big mandates and generating fees.

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