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Rankings published in 2026
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Tier 1
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Tier 1
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Linked Reviews
Financial and corporate
NL LEGAL is a boutique law firm headquartered in Mumbai. The firm focuses on banking and finance and debt capital markets work and specialises in infrastructure, shipping, insurance, energy, financial services, healthcare and commodities. It has a good reputation for its banking and finance and capital markets work.
Highlights
During the research period, the firm was very active in banking and finance and debt capital markets.
In banking, the team acted as legal counsel of Punjab National Bank, Dubai Branch for regulatory aspects of the facility agreements, including on negotiations with the English law counsel on the applicability of the Reserve Bank of India (RBI) regulations for change in benchmark rate. The transaction is innovative because the team advised on the Indian law regulatory aspects of the change in benchmark from LIBOR. The RBI’s external commercial borrowing framework has several new provisions added in respect of the transition from the LIBOR to an alternative benchmark.
Key clients
Power Finance Corporation, Punjab National Bank, REC, State Bank of India, GuarantCo, Bangalore Metro Rail, Tata International, Bharat Petroleum
Testimonials
Capital markets
“Agile, professional, solution oriented and well versed with law.”
Niloufer Lam
“Professional and solution oriented.”
Mihir Shukla
“Meets timelines.”
