ELP promotes five to partner and 1 to associate partner in annual round

Thursday, 4 May 2017 By Legally India Law firms

Economic Laws Practice made five new partners in Mumbai and one associate partner in Bangalore, in its annual round of promotions.

In the tax team, ILS Pune 2007 alumnus Anay Banhatti and 2005-qualified chartered accountant (CA) Gopal Mundhra have been promoted to partner. 2009-qualified CA Darshan Bora was made associate partner in the tax team.

Banhatti joined the firm straight out of law school while Mundhra joined in August 2011. Both were made associate partners in the firm’s May 2015 round. Bora is with the firm since March 2010.

Mumbai University 2005 alumnus Bhavin Gada, who was also made associate partner in the May 2015 round, was promoted to partner in the corporate team.

GLC Mumbai 2001 alumnus Dinesh Pednekar, who joined the firm in April last year, was promoted to partner in the disputes team.

Symbiosis Pune 2007 alumnus Deep Roy was made up in the banking and finance team. He joined ELP in June 2010.

Other promotions

Senior associates, tax (All in Mumbai. Tadsare in Pune):

  • Farhad Dalal
  • Gourav Sogani
  • Ketan Tadsare
  • Sanchita Rungta
  • Supreme Kothari
  • Vinitt C Nagla

Ananthram Ganesh in the Mumbai corporate team, Somnath Shukla in the Delhi disputes team and Arjun Khera in the Mumbai competition team were also promoted to SA.Associate managers, disputes (All in Mumbai, Behl, Jain and Sharma in Delhi):

  • Ambareen Mujawar
  • Arpan Behl
  • Chanakya Keswani
  • Chirag Shetty
  • Mihika Jalan
  • Nehal Parekh
  • Rohit Sharma
  • Sparsh Prasad
  • Udit Jain
  • Vaishnavi Chilakkuru

Dhruv Bhattacharya in Delhi and Parth Parikh in Mumbai, in the tax team, and Megha Agarwal in the Mumbai infrastructure practice were also promoted to associate manager.### Re-designated as counsel

Senior associates Mukta Dutta in the Delhi disputes team and Vishal Kulkarni in the Pune tax team, and of counsel Tomu Francis in the Mumbai corporate team were made counsel.

Partner promotionsEconomic Laws PracticeAnay BanhattiGopal MundhraDarshan BoraBhavin GadaDinesh PednekarDeep RoyEconomic Laws Practice (ELP)partnership promotions

Comments

Desperate 4 May 2017, 10:31
+4 -1
Desperate attempt at retaining tax and dispute talents post Rohan. Interesting to see how many stay over the next fiscal being a full year without Rohans brand and revenue generation.
Desperate 4 May 2017, 10:47
+0 -0
talent*
Fool 4 May 2017, 11:24
+4 -1
Don't be foolish - everyone knows Rohan is still feeding the firm work from his Chambers. The tax, trade and litigation teams are his babies - he won't let them sink!
Bloodyfool 5 May 2017, 17:12
+0 -0
May be the guy who knows too much about Rohan's contribution is not got a slice of work which has affected his revenues for the year even after staying in friendly neighbourhood... nice try come back next year for more
Ashwini21 4 May 2017, 10:49
+2 -0
Kindly note that Mr. Somnath Shukla from Delhi Office has also been promoted from Associate Manager to Senior Associate.
Meat & bones! 4 May 2017, 11:27
+5 -0
@KG - any idea of the equity split post RS? Rohit, Nishant and Naresh must have made a play for a lions share of RS's equity given they are now heading his Tax and Lit teams no? What about Sanju? - his trade team has apparently had a stellar year.
Lactobacilus Lacti 4 May 2017, 13:14
+0 -0
How does this firm pay in Corp M&A and Tax?
Whois 4 May 2017, 16:53
+1 -1
Who is that partner with the French beard?
Bhrama 4 May 2017, 18:06
+0 -0
There are quite a few!
Anon1 5 May 2017, 04:18
+4 -2
Congratulations Deep! Well deserved and a long time coming.
Ex-Aarna 5 May 2017, 10:36
+1 -0
Congrats Ananth! Well deserved :)
Ridiculous 6 May 2017, 09:17
+1 -0
The firm has, for many of us, made bonuses revocable if we leave during the year! How ridiculous. Bonuses are for work done in the previous year. Height of mis-management and oppression.
Catty 6 May 2017, 23:16
+0 -0
Not mis-management, just a firm trying to save funds wherever it can, even well-earned fee-earner-bonuses.
Ridiculous 8 May 2017, 04:06
+0 -0
If revenues and profits have fallen, which they have, partners should be OK to leave some of their profits on the table to ensure cash reserves. That is the whole construct of a partnership firm - the risks associated and consequential fall-outs should be borne by the Partners and not the employees!

If when the going was good, for 15 years, you could enjoy all the upside, surely you should be able to bear the downside for a few years, while the firm is in transition. We lost our MVP and Managing Partner, there is bound to be a few difficult years, but these types of 'fund saving' measures don't inspire confidence in the new leadership.
Catty 8 May 2017, 07:03
+0 -0
Agree. But it doesn't look like the Partners seem to be thinking on those lines principally from all the talk and buzz being heard about ELP lately, does it? And from all the stories heard about how the current MP used to fuss about toilet paper or other administrative costs (before he became MP) in the past, what does one expect when he has taken the mantle of an MP? The firm seems to care less about being employee friendly or quality, and more about cutting costs and saving money in anyway possible.
Ridiculous 8 May 2017, 11:21
+0 -0
All points taken - just voicing my disappointment/frustration with the course of events and decisions taken by the new leadership in the 10 odd months since Rohan Sir's decision to leave for Counsel practice.
Catty 8 May 2017, 12:24
+0 -0
Hang in there :) You have my sympathies and moral support. Hopefully these comments might make a positive change (though hard to believe they would.)
Guest 8 May 2017, 09:30
+0 -0
Congratulations Ananth!!!
Azb 8 May 2017, 16:38
+1 -1
Does it Mae
Me any difference whether u are a partner or associate in these tier 3 firms.....



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