Torys ranked among the top five firms for Canadian M&A announced in Q1 2007, according to Thomson Financial. Torys is representing some of the world's emerging power shoppers (including India's Aditya Birla Group in its takeover of Novelis) on 13 deals valued at US$13.4 billion. The total value of Canadian M&A announced in Q1 2007 was C$57.6 billion, nearly three times the C$20.2 billion of deals announced in same quarter in 2006.