Corporate
Cyril Amarchand nudges staff to return to offices from 19 October, choice ‘entirely voluntary’, evolving long-term WFH policy
Cyril Amarchand Mangaldas has internally announced that the firm “hoped” that staff would “start coming back to work gradually, in a staggered manner” from 19 October.
Khaitan advises Zolostays on $56m Series C from Investcorp, Mirae
Latest gambit: Rajiv Luthra gives 24h ultimatum to Mohit or he’ll start handing out not-yet-baked equity to applicants by tomorrow
The managing partner and 66.6% majority equity holder at L&L Partners, Rajiv Luthra, has made an offer to the firm that he would be willing to dilute his equity unilaterally and without the agreement or dilution of 33.4% co-partner Mohit Saraf under a 1999 deed, if the latter does not respond by 6pm today.
Algo boosts Mumbai with SAM corporate partner Abhinav Bhalaik
Algo Legal has laterally added another partner, Abhinav Bhalaik from Shardul Amarchand Mangaldas - alongside Nishith Desai Associates’ Richie Sancheti.
L&L cap markets partner Geeta Dhania quits
Algo partner, TRA co-founder Jitender Tanikella joins AZB Mumbai as counsel
Algo Legal Delhi-based partner Jitender Tanikella has joined AZB & Partners in Mumbai as a counsel today, according to his Linked-in profile.
AZB promotes counsel Punita Gupta to Delhi partnership
AZB & Partners has promoted GLC Mumbai 2010 graduate Punita Gupta to partner.
Nishith Desai home-grown practice head Richie Sancheti to set up funds formation at Algo
Nishith Desai Associates (NDA) investment funds head, Richie Sancheti, who had been with the firm for 13 years, is due to join Algo Legal, we reliably understand.
Alpha Partners grows to 3 partners, promotes disputes head Sumit Roy on back of practice growth
K Law de facto Delhi head Pradeep Ratnam, partner Parul join Kochhar
Kochhar & Co has hired two K Law Delhi partners - Pradeep Ratnam, who effectively headed its office in the city, and Parul Verma; both specialise in banking and finance.
The Zoom call to end all Zoom calls: What happened at Luthra yesterday and what it could mean
Just before 3pm yesterday (Thursday, 24 September), all staff and fee-earners at L&L Partners received an email from managing partner Rajiv Luthra, announcing a virtual townhall for 5pm that day.
SAM promotes 37% more associates than last year, primarily in corp, disputes • Non-Delhi-Mumbai offices see minor growth
Shardul Amarchand Mangaldas has promoted 84 associates to senior or principal associate level, with the majority of these - 58% - being based in the Delhi region, closely followed by Mumbai.
Oyo, on ‘road to recovery’, gets new India/South Asia legal head with ex-GE-GC Tejal Patil
OYO Hotels & Homes has appointed former General Electric (GE) general counsel (GC) Tejal Patil has senior legal advisor for India and South Asia, as of 21 September.
CAM brings back ‘home’ ex-AZB finserve partner Anu Tiwari 2 weeks after exit
Former AZB & Partners partner Anu Tiwari has joined Cyril Amarchand Mangaldas today in Mumbai.
Chasm opens at Luthra over opening equity: Rajiv against major dilution, disinheritance, Mohit for • Partnership wants say [UPDATE-1]
A fundamental rift has opened up at L&L Partners over how its long-held promoter equity should be opened up and distributed to other partners in the firm.
S&R promotes Shahezad Kazi to partner + 3 counsel (SnR has paid bonuses, frozen increments) [UPDATE-1]
S&R Associates has elected arbitration and litigation counsel Shahezad Kazi into its partnership.
L&L lit partner Bharat Chugh goes independent as counsel
LKS rolls back marching orders to return to HQ cities, extends hometown WFH indefinitely
Facing heavy internal resistance after suggesting that staff should return from their hometowns where many had sheltered during the Covid-19 lockdowns, Lakshmikumaran & Sridharan (LKS) has changed course and scrapped the policy tonight, announcing it would continue working from home indefinitely.
Is this crisis over? CAM (the first to retain salaries) to pay out by Diwali but postpones bonus to 2021
In part, the firm has cited stronger billings than expected, though this doesn’t mean law firms are out of the woods.*
L&L corp pays out (higher) bonuses with slight Covidelay, pushes fresher joining dates till 2021 [CORRECTION]
L&L Partners corporate transactional advisory partnership has paid out bonuses to fee-earners just a little behind schedule last week, though it notified its 44 fresh campus recruits that they would not be able to join the firm before 2021 as opposed to around this month (though a few of these have since joined - see update below).