Corporate

Khaitan to play host to Eversheds secondee

Khaitan & Co will take a lawyer from UK international firm Eversheds on a three-month secondment in September, reported The Lawyer.

FoxMandal defers lawyers' salaries after cash-flow crunch

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FoxMandal Little has not been able to pay fee-earners in Delhi their salaries as the office faces a liquidity crisis.

Kochhar takes Amarchand senior associate into corporate fold

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Kochhar & Co has hired an Amarchand Mangaldas designated senior associate for its corporate team in Mumbai, vowing “aggressive” expansion in the city.

Juris Corp draws senior associate back to private practice from ICICI

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One of Juris Corp’s senior associates has rejoined the firm after a three year stint in-house at ICICI Bank and in the last three months the firm has also taken on six lawyers from law school and two junior lawyers returning after completing LLMs abroad.

Clifford Chance, Milbank throw Air India $1bn lifeline

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Clifford Chance has cemented its ties to Air India, acting on the $1bn (Rs 4,900 crore) asset finance loan from JPMorgan Chase, which was advised by Milbank Tweed Hadley McCloy.

AZB, Kanga and Luthra embroiled in hostile Great Offshore bid

Kanga & Co Mumbai partner Dhaval Vussonji is leading the team for the original bidder Bharati Shipyard, which already owns a 19.5 per cent stake in Great Offshore.

Striking litigators mull writs over service tax

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Lawyers have threatened legal action over the Government’s new service tax as Delhi litigators are going on strike over the issue today.

Platinum expands by 25% with junior and lateral hires

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Platinum Partners has grown its lawyer ranks by a quarter in the last three months, taking on three law school graduates and a lateral associate from White & Case in London.

Desai, Khaitan, AZB, Amarchand lead M&A ranking, oust magic circle

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Despite meagre pickings, Desai & Diwanji, Khaitan & Co, AZB & Partners and Amarchand Mangaldas have topped an M&A league table, together advising on 30 Indian deals worth a total of $9.4bn in the last six months.

LLP tax position clear and welcomed

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This year’s Union Budget has paved the way for law firm partnerships to convert to limited liability partnerships (LLPs).

Budget hits lawyers with service tax - legal bills likely to rise

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The 2009-10 Union Budget has extended service tax to lawyers, which could directly increase legal bills to clients and result in downward pressure on fees.

Platinum joins on Bharti Airtel - MTN merger

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Platinum Partners has joined the team of legal advisers on the MTN – Bharti Airtel merger talks alongside four other firms on what could be India’s largest cross-border deal to date with a value of around $23bn (Rs 110,000 crore).

Amarchand wants to convert to LLP

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Amarchand Mangaldas is planning to convert to a limited liability partnership (LLP) once the structure is finalised and has been sanctioned by the Bar Council of India.

Freshfields, Lex Counsel, Platinum close $17.5m education JV

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Freshfields Bruckhaus Deringer, Lex Counsel and Platinum Partners have advised on a $17.5m (Rs 85 crore) joint venture (JV) deal between the UK’s Pearson Group and Delhi-based education company Educomp Solutions.

AZB alumni start-up doubles JSA's size in Bangalore (UPDATE 1)

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J Sagar Associates (JSA) has doubled its size in Bangalore by merging with M&C Partners, which was started up by two partners and their team from AZB & Partners one year ago.

KSB Partners' LPO targets 150% growth in 3 months

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KSB Partners’ legal process outsourcing (LPO) arm Lexplosion is set to more than double its capacity of lawyers within three months, as it aims to roll out a new compliance management product for Indian companies.

Desai & Diwanji hits Crawford Bayley for four

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Desai & Diwanji has poached a team of four lawyers from Crawford Bayley, taking on one senior associate as a partner.

Rio Tinto saves $1m legal fees with India outsourcing

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Anglo-Australian mining company Rio Tinto has outsourced part of its legal work to 12 qualified Delhi lawyers, which has already saved the company $1m (Rs 5 crore) in little more than a month.

Phoenix rebuffs Lovells best friend reports

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Phoenix Legal has denied that it has a best friends tie-up with UK international firm Lovells, after a press report linked the two today.

Thakker & Thakker promotes first female partner

Thakker & Thakker has made up its first female partner, growing its partnership to a total of five.