Mumbai-based law firm Desai & Diwanji has topped the 2015 Dealogic Asia-Pacific league tables for Project Finance. The firm finds itself at the summit in terms of both deal count and deal value, with 49 deals worth $10.36 billion.
A majority of the top ten are foreign law firms; only Cyril Amarchand Mangaldas, in third place, finds mention from Big Law India.
Herbert Smith Freehills is second with 38 deals worth close to $8.6 billion, followed by Cyril Amarchand Mangaldas with 24 deals worth $6.8 billion.
| Position | Firm | Deal Value (in $ billion) | No. of deals |
| 1 | Desai & Diwanji | 10.36 | 49 |
| 2 | Herbert Smith Freehills | 8.6 | 38 |
| 3 | Cyril Amarchand Mangaldas | 6.8 | 24 |
| 4 | Allens | 6.1 | 28 |
| 5 | King & Wood Mallesons | 5.9 | 36 |
| 6 | Norton Rose Fulbright | 5.5 | 20 |
| 7 | Link Legal | 5.3 | 35 |
| 8 | Allen & Overy | 5.1 | 10 |
| 9 | Ashurst | 4.2 | 12 |
| 10 | Amarchand Mangaldas | 4.1 | 15 |
The other Indian law firms in the table include Link Legal in seventh position, with 35 deals worth $5.3 billion, and the erstwhile Amarchand Mangaldas & Suresh A Shroff & Co, in tenth, with 15 deals worth $4.1 billion.
The foreign law firms featuring in the list include Allens, King & Wood Mallesons, Norton Rose Fulbright, Allen & Overy and Ashurst.
Desai & Diwanji’s Project Finance team is headed by Partner Parth Sharma, and comprises Associates Puskar Bavare, Rahul Chauhan, Vishal Mali, Kunal Gaurav, Dnyanraj Desai and Riya Bhattacharya.