Corporate

ALMT bags up-and-running projects team with lateral boutique hire; Best friend helps

Khaitan-Co-Ishtiaq-Ali
Khaitan-Co-Ishtiaq-Ali
One third of top infrastructure boutique India Law Services has joined ALMT Legal in Mumbai, with partner Ishtiaq Ali set to start up ALMT’s projects and infrastructure practice.

Khaitan & Co starts Mumbai banking practice with White & Case hire

KhaitanCo-Shishir-Mehta
KhaitanCo-Shishir-Mehta
Khaitan & Co has hired former White & Case New York associate Shishir Mehta as a partner in Mumbai to start up a banking and finance practice.

[APRIL FOOL] Luthra & Luthra builds cricket field on new office floor

LuthraLuthra-new-floorspace-sml
LuthraLuthra-new-floorspace-sml
Luthra & Luthra has leased another 9,000 square feet in its existing Delhi office to build an indoor cricket practice pitch for fee-earners, following the firm’s victory at the law firm T-20 tournament last Sunday.

Bar Council to crack down on law firm websites and advertisement

advertisement-coca-cola_by_Meanest_Indian
advertisement-coca-cola_by_Meanest_Indian
The Bar Council of Delhi has decided to frame a draft proposal to more stringently regulate law firms to prevent flouting of Bar Council of India (BCI) and Advocates Act rules and to strictly enforce the advertisement ban and publicity rules governing law firm websites.

A&O, Trilegal arrange $8.3bn mega-loan in record Bharti-Zain takeover

africa-mobile-phone-by_DavidDennisPhotos.com
africa-mobile-phone-by_DavidDennisPhotos.com
Allen & Overy (A&O) and Indian best friend firm Trilegal have scooped the mandated lead arranger mandate on the closing Bharti Airtel – Zain $9bn merger, alongside AZB & Partners, Herbert Smith and Linklaters.

Four-year-old LPO UnitedLex targets $35-40m revenue, bags BT legal outsourcing contract

internet-IT-globe
internet-IT-globe
Telecoms major BT has entered into an agreement to outsource part of its global in-house legal work to legal process outsourcing (LPO) provider UnitedLex, beginning with a team of 15 lawyers based mostly in India.

Luthra bests Amarchand, Titus to win Delhi SILF T-20

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cricket_ball
Luthra & Luthra has won this year’s Society of Indian Law Firms (SILF) – Khushal T-20 cricket tournament against Amarchand Mangaldas in an exciting finish to a close match that was held yesterday night in Delhi after the semi-finals of Saturday.

Vaish continues on Religare's healthcare shopping spree

Vaish Associates has advised longstanding clients Religare in the acquisition of healthcare solutions business of Bangalore-based Sobha Renaissance Information Technology (SRIT) for an undisclosed amount.

Amarchand, Indus on solar cleantech World Bank investment

Induslaw and Amarchand Mangaldas represented three funds that investing $10m into Azure Power’s solar power technology project.

Desai & Diwanji leads on $20m Shiv Vani PE oil sector investment

Desai & Diwanji has acted as sole legal adviser on Rs 93.4 crores ($20m) investment by Templeton Strategic Emerging Markets Fund III (TSEMF III) in Shiv-Vani Oil & Gas Exploration Services for a 5.3 per cent stake in the company.

Luthra sets new record, bashing through to SILF T20 semis

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cricket_ball
Titus & Co, Amarchand Mangaldas, Trilegal and Luthra & Luthra have reached the semi-finals of the Society of Indian Law Firms (SILF) – Khushal T-20 cricket tournament after defeating their rivals in four quarter final matches played over Saturday and Sunday.

A new writ filed against entry of foreign law firms in Madras HC

do-not-enter-sign
do-not-enter-sign
A Tamil Nadu advocate has reportedly filed a writ petition against 30 foreign law firms and legal process outsourcing (LPO) company Integreon for “illegally practising” law in violation of the Advocates Act 1961, according to unconfirmed media reports, although no notices have been served on the respondents yet.

SN Gupta bags new Kochi IPL franchise for left-field consortium

IPL-Chennai-wikipedia
IPL-Chennai-wikipedia
SN Gupta & Co has kick-started its sports practice by advising on the $333m (Rs 1,533 crore) buy of the Indian Premier League’s (IPL) new Kochi team by the Rendezvous Sports World consortium.

Amarchand turnover near $40m, law firms bill $350m, says report

bank-piggy_by_Alan-cleaver
bank-piggy_by_Alan-cleaver
Turnovers at India’s top 50 corporate law firms range from $500,000 (Rs 2.2 crore) to $40m (Rs 181 crore) with aggregate revenues of all firms amounting to $350m (Rs 1590 crore), estimated an analyst report on the Indian legal industry.

JSA, Lexygen on Asian Genco: largest private equity deal in two years

hydroelectric-dam-lake_by_suburbanbloke
hydroelectric-dam-lake_by_suburbanbloke
Davis Polk, J Sagar Associates (JSA), Lexygen and a raft of overseas firms have advised on the Morgan Stanley-led consortium’s $425m (Rs 1,900 crore) investment in Indian power company Asian Genco.

Wadia Ghandy in three-partner promotion bonanza

ladder_by_Mzelle_biscotte
ladder_by_Mzelle_biscotte
Wadia Ghandy & Co has promoted corporate senior associates Xerxes Antia, Shabnum Kajiji and Fariyal Tahseen to its partnership.

Naveen Goel, Olswang bring HDTV to Commonwealth Games

Naveen Goel Law Offices and Olswang have closed the Rs 250 crore contract negotiations for UK broadcaster SIS Live, which bid for the broadcasting rights to the 2010 Commomwealth Games with Indian public broadcaster Doordarshan and Prasar Bharati.

Top Indian corporates to spend $0.5bn on lawyers, says report

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rupees_med
The top 100 Indian companies are set to spend an estimated $479m (Rs 2,200 crores) in legal fees of which half will be billed by foreign firms, predicts an analyst report on the Indian legal market.

JSA start-up M Dhruva hires corporate partner, grows by 50%

Mumbai_gateway
Mumbai_gateway
J Sagar Associates (JSA) spin-off M Dhruva & Partners has recruited a corporate partner, its first senior associates and two associates as the firm has begun its transformation to full-service outfit.

Big firms cruise through to SILF T20 knock-out; Bhasin in tour-de-force

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cricket_ball

Seven Delhi law firms have qualified out of the group stages to the quarter finals of the Society of Indian Law Firms (SILF) – Khushal T-20 cricket tournament after 23 matches played over four weeks.