'Cyril Amarchand Mangaldas top advisors for deal making'

Mumbai: Cyril Amarchand Mangaldas has emerged as the top legal advisor in the country in terms of deal value, at USD 3.2 billion, during the first quarter of the year, says a report.

Mangaldas was followed by Vaish Associates, which handled transactions worth USD 2.46 billion during January-March, according to global deal tracking firm Mergermarket.

AZB & Partners (USD 2.07 billion), Latham and Watkins (USD 1.28 billion) and Linklaters (USD 1.28 billion) also figured on the list of top five legal firms in terms of deal value during the quarter.

Meanwhile, Khaitan & Co were listed numero uno for handling the most number of deals (15) during the quarter.

They managed deals worth USD 934 million for the period and were positioned at the eighth spot in terms of deal value.

AZB & Partners with 10 deals were ranked second followed by Cyril Amarchand Mangaldas (7), Shardul Amarchand Mangaldas (6), Trilegal (5).

As per Mergermarket data, global merger and acquisition deal tally amounted to USD 597.4 billion in January-March, down 24 percent from the same period last year.