Corporate

Ganesh Rao released from Cyril Amarchand for AZB after 2 months

The notice period of Cyril Amarchand Mangaldas (CAM) partner Ganesh Rao, who has been handing over matters at the firm since resigning together with partner Ashwath Rau, Anu Tiwari and Dhruv Singhal for AZB & Partners around 23 April, is now also over.

NLU Jodhpur 2007 alum quits SEBI to start up Suvan Law Advisors

NLU Jodhpur 2007 alumnus Sumit Agrawal left his role as assistant legal advisor to the Securities and Exchange Board of India (SEBI) to start up Suvan Law Advisors with his wife Vaneesa Agrawal.

MDP wins in Bombay HC: IndusInd may rectify its IPO purchase error, in case with Khaitan, CAM, Law Point

MDP & Partners won for IndusInd Bank in the Bombay high court yesterday, which directed the stock exchanges and others to allow the bank to correct its filing mistake in its subscription of Mahanagar Gas Limited’s initial public offer (IPO).

Khaitan & Khaitan, CAM on $15m Rabo funding in Cremica

Khaitan & Khaitan advised Cremica Food Industries on Rabo Equity Advisors’ Rs 100 crore ($15m) investment in Cremica. Rabo was advised by Cyril Amarchand Mangaldas.

Revealed: The 17 law firms with the greatest partner turnover in the last 4 years (after cataclysmic 2016)

Hires, attritioners and, presumably, also fires through the years (graphic by Ahmed Raza Khan / Mint)
Hires, attritioners and, presumably, also fires through the years (graphic by Ahmed Raza Khan / Mint)
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The Indian legal services industry has never quite seen the turmoil that it has experienced in 2016. As generations shift, institutions mature and old alliances and allegiances crumble, the question is being asked: Could it be the end of days or a new beginning?

Clove Legal, Khaitan on Bravia Capital's investment in Rent Alpha

Clove Legal advised Indian equipment rental company Rent Alpha on investment in it by Hong Kong based investor Bravia Capital which was advised by Khaitan & Co.

IndusLaw, Gibson Dunn on Amplus, ISQ buy of SunEdison solar SPVs

IndusLaw and Gibson Dunn advised Amplus Energy Solutions and I-Squared Capital on their acquisition of various SunEdison Special Purpose Vehicles (SPV) developing and operating around 7 MW rooftop solar power assets in India. SunEdison was advised in house.

Abhijit Joshi's Veritas promotes two to partner internally

Veritas Legal, the firm started by ex-AZB & Partners senior partner Abhijit Joshi in 2014, has made its first two internal promotions, according to a press release from the firm.

Cyril Amarchand Hyderabad head Rahul Sarella exits

Cyril Amarchand Mangaldas Hyderabad partner and office head Rahul Sarella has resigned, according to three authoritative sources.

SAM's Deepto Roy scores Uber mandate opposite AZB for Tata JV

Taxi aggregator Uber started a joint venture with Tata Motors, which envisages Uber drivers buying Tata cars financed via Tata Capital Financial Services and Tata Motors Finance loans with insurance from Tata.

Confirmed: Trilegal scoops S&R's Bhakta Patnaik as cap markets head with TTA counsel [UPDATE-1]

Patnaik now confirmed to be joining Trilegal…

Little & Co folds unprofitable Pune office

Little & Co shut down its Pune office on 31 March. The office was on BS Dhole Patil Road, near the railway station.

Naik promotes ILS 2005 alum to equity, hires ex-Khaitan Legal partner

Naik & Naik’s equity partnership grew to five with the promotion of salaried partner Ravi Suryawanshi to equity, in its technology, media and telecommunication (TMT) practice.

LKS promotes 3 to executive partner, 4 to partner

Lakshmikumaran & Sridharan (LKS) promoted three partners to executive partner and four joint partners to partner, reported Bar & Bench.

ELP, SAM on $3m Prism Cement buy in BLA Power

Economic Laws Practice (ELP) advised thermal power company BLA Power on Prism Cement’s acquisition of 15.23 per cent stake in it for 21 crore ($3m). Prism was advised by Shardul Amarchand Mangaldas (SAM).

Cyril, Shardul, AZB, S&R, Majmudar bag $9.75bn Max-HDFC insurance mega-merger [UPDATE-3]

HDFC Standard Life Insurance, a joint venture between HDFC and Standard Life, will be absorbing Max Life Insurance and Max Financial Services, according to reports, in what is billed as the biggest ever consolidation in the private insurance space in India.

RM Partners helps Udta Punjab to John Doe torrent leaks [READ ORDER & 115 BANNED LINKS]

Screenshot 2016-06-16 18.06.30
Screenshot 2016-06-16 18.06.30
RM Partners won a John Doe order in the Bombay high court today, directing several websites to take down the downloadable copy of the yet unreleased Hindi film Udta Punjab, and temporarily restraining cable operators from telecasting the film.

Clove Legal, Samvad on $1m Sminq fundraising

Clove Legal advised queue management app Sminq on raising $1m from various venture funds led by Saama Capital and Blume Ventures. Saama was advised by Samvad.

HSA hires Bangalore independent Sharath Chandrasekhar, now 23 partners

HSA Advocates has continued on its self-set expansion course, hiring Sharath Chandrasekhar in its new Bangalore office.

Indus poaches Anupam Prasad & team from RDA

IndusLaw has hired RDA Legal corporate partner and Mumbai office head Anupam Prasad as a corporate partner.