One of the true giants of the Indian bar, Luthra & Luthra is internationally recognised for its work in numerous areas of specialisation. Project finance and infrastructure development remains the firm’s strongest suit, but the past year has also seen it earn praise for its financial services and IP work. Sources hail the firm’s “sharp advice and strong negotiation skills” and its past
Founder and managing partner Rajiv K Luthra has been recognised by the International Council of Jurists and was awarded the ‘prestigious’ International Jurists Awards in 2013 for his “unique contribution in the field of International cross border transactions and banking and finance law in India”. Respondents to our research echoed these sentiments, describing Luthra as their “go-to” lawyer for project finance assistance as well as business crime defence advice and advocacy. He has represented companies and financial institutions in numerous infrastructure projects in India, Sri Lanka, China and Bangladesh in the energy, telecommunications, and public infrastructure sectors. The firm’s most prolific member, however, remains Mohit Saraf, who is hailed as “outstanding” for his transactional work, and earns a prominent listing in Who’s Who Legal’s M&A guide. He is also listed in the publication’s insurance and reinsurance, project finance, public procurement and real estate editions, and sources described him as “one of the country’s most famous lawyers, with good reason.”
Two of the firm’s lawyers were named in our “40 under 45” survey of India’s leading lawyers last year. Gayatri Roy is a partner in the IP department and a respected name in dispute resolution, having acted in Moser Baer India Limited v Koninklijke Philips Electronics NV, which took place in India, the Netherlands and the US and involved complex issues of patent licensing, patent infringement and counterclaims for invalidity. Shishir Jose Vayttaden meanwhile focuses on general corporate, M&A, private equity and securities work.
Among the firm’s most notable engagements over the past year is its representation of India’s Ratnakar Bank on its acquisition of RBS’s business banking, credit card and residential mortgages businesses in India.