Shardul Amarchand Mangaldas has promoted 11 of its fee-earners to salaried partner level, with the majority of promotions taking place in the corporate practice.
This takes the firm to 102 partners out of a total of 520 lawyers.
Update 4 October, 13:48: Two each of the new partners are graduates of NUJS Kolkata and NLU Jodhpur, while one each graduated from NLSIU Bangalore, Nalsar Hyderabad, ILS Pune, Symbiosis Pune and Amity Law School Delhi.
New general corporate partners
- Aayush Kapoor (New Delhi) (LLB Amity Law School Delhi 2007)
- Abhinav Bhalaik (Mumbai) (LLB NLU Jodhpur)
- Varun Sehgal (Gurugram) (NLU Jodhpur 2006)
- Sunando Mukherjee (Gurugram) (LLB Symbiosis Law School Pune 2006)
New dispute resolution partners
- Rishab Gupta (Mumbai) (LLB London School of Economics 2006; JD Columbia University 2008; DPhil Oxford University 2010-16)
- Aashish Gupta (New Delhi) (Nalsar Hyderabad)
New banking & finance partners
- Shubhangi Garg (New Delhi) (ILS Pune)
- Soummo Biswas (Mumbai) (NUJS Kolkata 2008)
New projects & project finance partners
- Vishaka Prasad (Mumbai) (NUJS Kolkata 2008)
- Siddhartha Sen (New Delhi, NLSIU Bangalore 2007)
New policy partner
- Shahana Chatterji (New Delhi) (LLB University of Warwick 2007; LLM Georgetown University 2011)
Four of the new partners are in the younger Mumbai office, while the remainder of seven are in Delhi and Gurgaon.
Update 14:13: Mumbai-based managing partner Akshay Chudasama noted in a press release: “Following these partner admissions, the firm’s Mumbai office now has more than 30 partners and 120 fee earners, across practices, which is a remarkable achievement in less than three years.”
Executive chairman Shardul Shroff commented in a statement: “I feel very proud that the firm has achieved its strategic goal of growing to more than 100 partners in our centenary year.
“We continue to be focussed on quality and fostering a relationship of trust with our stakeholders.”
In 2012, pre-break-up Amarchand Mangaldas had unveiled an ambitious five-year plan to grow to 100 partners and 1,000 lawyers by 2017.
This latest round makes Shardul Amarchand the third Indian law firm to cross the 100-partner limit, following Khaitan & Co in 2015, and Cyril Amarchand with its promotions in March of this year.
Comments
Kian, will be interesting to do a piece on '2 yrs since split'
Great going SAM!!
But ultimate question- do you have enough work to feed these people?
All the best to new partners. Happy 4Cr targets.
Given the Market conditions, it would have been tempting to give in to the pressure and promote many more. That’s what the Khaitans CAMs and AZBs of the world did. But the prudent decision and one which will play out well in the long term is to promote on the basis of merit and quality.
Well done Hildul, Palava and Chodu. Even if people quit because they were not promoted, you will have the last laugh.
You can get 200% of the variable incentive and it is paid out.
New partner salary is 70 lakhs. 50% variable 50% fixed.
So you could get over 1 cr
Harman Singh Sandhu
While at other places a partner who makes the firm 8cr would probably earn 2cr.
Best bonus structure indeed
Or if it's a game of []s I suggest (*), {©} and "®"