Breaking: AZB Mumbai star partner Essaji Vahanvati goes part-time for family business, ‘hopes to join back’ in 6

Vahanvati: Going part-time on law
Vahanvati: Going part-time on law

AZB & Partners Mumbai partner Essaji Vahanvati will go part-time at the firm from tomorrow (15 January).

It is understood that he will work around 10 hours per week while joining a close relative’s company in the investment space, though no formal announcement within the firm has been made, according to a number of authoritative sources.

Vahanvati confirmed to Legally India by text message today: “As I have mentioned to clients as well, I am taking a six month sabbatical to attend to some family matters.

“I will continue to work in a limited role with AZB as a partner. I hope to join back once matters are settled.”

AZB Mumbai managing partner Zia Mody said: “Essaji is and remains our partner and is taking a little bit of time off to sort out his personal family commitment and we hope that he comes back full-time soon.”

Vahanvati was promoted to AZB’s partnership in April 2009 and has been one of AZB Mumbai’s highest-profile and busiest young partners.

He has acted for a cream of AZB’s private equity and venture capital clients, including Warburg Pincus, KKR, Temasek and Blackstone, as well as for a large number of AZB’s’ major corporate clients such as Patni Computers.

The 2003-GLC Mumbai graduate told the Economic Times a year ago that he had been involved in around 50 deals since starting his career, and had led on around nine transactions in 2013.

Essaji’s father, Goolam Vahanvati, the former attorney general of India, passed away in September 2014 after a heart attack.

Essaji and other heirs amicably settled a Bombay high court dispute over Goolam’s sizable estate in late October 2014.

Late last year AZB Mumbai lost CEO and senior partner Abhijit Joshi, who started his own firm, and partner Nandish Vyas, who has later joined Joshi.

In December the firm hired ex-Clifford Chance senior associate Rishi Gautam as a partner.

Comments

Vogue 2010 14 Jan 2015, 12:07
+54 -4
[img]http://2.bp.blogspot.com/_s5D99YUaY3w/TKmLa7T7JyI/AAAAAAAAApE/HYMS52WEsnk/s1600/lawyers.jpg[/img]
Alias 14 Jan 2015, 12:23
+11 -1
Soft exit I say
Polyester Princess 14 Jan 2015, 13:16
+5 -3
Yet another instance of information going out to the media before a formal announcement within the firm, from what one gathers
HK lawyer 14 Jan 2015, 15:07
+10 -1
humpty, dumpty and Zia are having a great fall. Abhijit, Essaji - gone. Some other partners in active talks to join other firms, looks like AMSS and KCO are all set to make merry.
Guest 14 Jan 2015, 20:42
+3 -2
Also Nandish
Guest 15 Jan 2015, 07:10
+3 -1
Vineeta, Vaishali, Vishnu, Yogesh,
Capital sentence 14 Jan 2015, 15:08
+8 -2
Good reason to believe that Ajay bahl is upset at these Mumbai exits and there is new strain in the Mumbai - Delhi corrdior.
Wall of China 15 Jan 2015, 09:09
+0 -0
Why would Ajay care about what happens in Mumbai??
Guest 14 Jan 2015, 15:41
+3 -0
AMSS - hahaha, all the lawyers here are awaiting an announcement too. Maybe Kian can report on that as well?
Curious Cat 14 Jan 2015, 20:31
+0 -0
What announcement?
All the best 14 Jan 2015, 16:44
+12 -2
All the best to Essaji! Gut feel is that he is leaving AZB because of the despotic environment. He is to dignified and genteel for such an environment!
Capital sentence 14 Jan 2015, 17:14
+3 -0
You are right. Imagine the associates at Azb were not told about this
Guest 14 Jan 2015, 18:02
+25 -1
[quote name="All the best"]All the best to Essaji! Gut feel is that he is leaving AZB because of the despotic environment. He is to dignified and genteel for such an environment![/quote]

Very true. A very kind human being and totally at odds with the brash DNA of the firm. It would have been hard for him to survive. Guess Shuva is smiling.
Wtf 14 Jan 2015, 19:28
+7 -2
Wtf is happening at AZB ! Such attrition at the partnership-level across all offices is a very disturbing sight - to say the very least! I
WTF 15 Jan 2015, 09:27
+11 -2
Dont steal my name...
Jay Leno 14 Jan 2015, 19:32
+6 -1
Best wishes to Essaji. As a client it was great to work with him. Well beyond his years. Sharp, intelligent, well spoken and very fair lawyer. Hard to find all these qualities in a single lawyer in this day and age. This is a huge loss to Zia. She should not have let things get this far with someone like him.
Anon 15 Jan 2015, 03:53
+3 -3
What is the issue? He has confirmed that he is not leaving but taking a sabbbatical for family matters for 6 months and has confirmed that he is coming back after that. Why is everyone saying that he is leaving?
Clifford Chance 15 Jan 2015, 04:48
+4 -1
Such sabbaticals are only followed by quiet exits- the 10 hours/ day he puts in the next 6 months will ensure that his clients don't suffer.
[quote name="Anon"]What is the issue? He has confirmed that he is not leaving but taking a sabbbatical for family matters for 6 months and has confirmed that he is coming back after that. Why is everyone saying that he is leaving?[/quote]
laliga 16 Jan 2015, 17:14
+0 -0
Forgive me but wasn't the same thing (sabattical etc) touted about Jogesh?
Ex AZB 15 Jan 2015, 06:10
+5 -1
He's a brilliant lawyer, a terrific boss and a great guy. All the very best Essa.
Vinu 15 Jan 2015, 08:57
+2 -4
..doesn't matter! Just few days back AZB delhi has poached a real estate star from khaitan delhi! This news is yet to appear!
Tinu 16 Jan 2015, 13:04
+5 -2
[quote name="Vinu"]..doesn't matter! Just few days back AZB delhi has poached a real estate star from khaitan delhi! This news is yet to appear![/quote]

AND you seriously believe that the star real estate lawyer can replace Essa? ROTFL.
Fair weather 15 Jan 2015, 11:04
+6 -1
My earlier comment ignored.

So, Kian.. anything less than salutary to THE Firm and THE Kid must be censored, is that your brief?!
hello 15 Jan 2015, 18:50
+1 -0
huge loss to azb. there is something amiss out there in mumbai - partners leaving in bunches.
Ex-AZB 16 Jan 2015, 07:50
+1 -0
Very nice guy. Hope he finishes whatever he needs to, and goes back. Else, a big loss for AZB.
Guest 16 Jan 2015, 08:54
+9 -1
Goes back ? Never. He just negotiated a soft exit for himself. He will back in the legal profession in 3 years and definitely not with AZB. Maybe he joins Abhijit ? - it could be part of a larger planned exodus that Zia is missing to see, since her head is held so high in the clouds.
acapulko 16 Jan 2015, 10:51
+7 -7
Boys and Girls relax, AZB ko kuch farak nahin padta.
For every person that leaves AZB, there are 35 others willing to join.

So relax and have a good weekend.
Rex 16 Jan 2015, 12:28
+11 -0
Your last line is ironic.
Concerned 16 Jan 2015, 16:02
+0 -0
Kian kian kian. Now it makes news. 2 months after I gave you all the hints you needed (without them being published obviously).
kianganz 16 Jan 2015, 16:10
+1 -0
Indeed... :)

Appreciated the hints and prodding but we simply couldn't stand it up definitively in the face of repeated denials by Zia and Essaji and lack of any internal announcement, so had to sit on the story until clients were finally told and we could stand it up well enough...
Guest111 16 Jan 2015, 16:35
+4 -1
There are 2 more star partners, and one of them is the STAR partner. ZJM's equity reallocation has gone awry. A little bird tells me that associates are demoralized at the partner attrition, wondering what is in store for them in the future.
Concerned 16 Jan 2015, 16:47
+0 -0
Fair enough. I'll keep my ear to the ground for more! But keep your end of the bargain and report more on lit news!!
kianganz 16 Jan 2015, 16:48
+0 -0
Happy to, whenever we hear of anything! :)
WTF 21 Jan 2015, 08:45
+0 -0
One more blow by CC ?!?!
king counsel ex azb 26 Jan 2015, 19:02
+0 -1
Essaji was terrific.. Wat is Guest111 saying re two more exits?? Itsca blow, but Azb won't be affected. In fact, with the amss split, does azb become the no. 1 firm, revenue/ work volume wise?