BMR scoops Souvik-Ganguly’s Acuity Law for Mumbai opening

Ganguly: 2 years independent, now snapped up
Ganguly: 2 years independent, now snapped up

Former AZB & Partners senior associate, Souvik Ganguly, who founded start-up law firm Acuity Law, as reported by Legally India in February 2012, has joined BMR Legal as a partner.

BMR Legal, which is the legal arm of consultancy firm BMR Advisors, will open in Mumbai through the merger.

Acuity’s office of six lawyers is currently based in the Bandra Kurla Complex but will be moving to Parel into a new office.

Ganguly told Legally India that it was a meeting of minds, between him and BMR, since they had the same vision of “professional management and a pan India presence”.

He confirmed that he would be joining BMR Legal as an equity partner.

BMR Legal’s Delhi-based managing partner Mukesh Butani said in a statement: “Since inception, the firm has grown in its chosen areas of practice comprising of tax disputes and corporate M&A/private equity.

“Induction of Souvik marks a significant milestone in the firm’s geographic expansion to serve client needs in the M&A and Private Equity space.”

Ganguly was AZB Mumbai between 2005 and 2010, and then joined HSA briefly as a partner before going independent. He is dual qualified in England and India, having graduated from Delhi University’s faculty of law in 2001.

At the start of his career he had briefly worked at Anderson Legal – the legal services arm of now-defunct global accountancy and consulting giant Anderson Consulting – that later turned in DSK Legal.

Indian consultancy BMR has been aggressively expanding into the legal transactional space, having hired M&A partner Amit Khansaheb from Desai & Diwanji in early 2013 for its Delhi office.

Comments

Insider 31 Mar 2014, 11:46
+1 -0
Hmmm... First Vichar, then Acuity. The trend of 2-4 yr old start-up firms merging with established set-ups is here to stay... So who next? Verus, PXV, Advaya??
xyz 31 Mar 2014, 12:43
+4 -1
The new firm the alleged "star" of KCO is planning to start!
Outside Looking In 31 Mar 2014, 16:27
+1 -0
Thanks... do let them know i you have any good leads....
chole bhature vendor 31 Mar 2014, 13:14
+9 -2
I am also now planning to merge with HaldiRam!
Fellow Stephanian 31 Mar 2014, 13:41
+1 -1
Way to go Souvik, wish you the best...
ANON 31 Mar 2014, 14:00
+2 -1
it seems its an emerging trend... In some cases (not all) people who have not been able to climb up the ladder in a big firm are forced to move out and then they have no other option but to start up... as is the case here... and then perhaps gather a few clients as a bargaining chip and enter into an alliance of sorts... whether the alliances being forged will endure is something we have to wait and see... generality aside, all kudos to Souvik for he has indeed strived hard to reach where he is today and it takes hard work to get here... this post is not to be read as one which is condescending in any way... Just my personal observations on how start-ups work... refer to Facebook's acquisition of Whatsapp...
Outside Looking In 31 Mar 2014, 16:34
+3 -2
Its condescending for several reasons:

(a) "who have not been able to climb up the ladder in a big firm..." the evidence is thin on the ground... most people who started firms are ones were doing generally well in their older firms...

(b) "gather a few clients as a bargaining chip"- knowing nothing about Acuity's practice, how do you even know that?

(c) "alliance of sorts"- well he says he is an equity partner... so if someone from Desai Dewanji leaves and joins its fine, but someone from a start-up becomes an alliance of sorts...
ANON 31 Mar 2014, 18:47
+0 -1
I think you missed this line completely... i am reproducing it for your reference....

"[u][b]generality aside[/b][/u], all kudos to Souvik for he has indeed strived hard to reach where he is today and it takes hard work to get here..."

I know Souvik and have worked with him on several transactions... and he is one fine M&A lawyer.. thats beyond doubt... Cheers!!!
Outside Looking In 1 Apr 2014, 05:56
+2 -0
Oh, just to understand, the statement you made was generic... but does not apply to Souvik? Then on what evidence is it based? Also why did you say "as is the case here"...
industry observer 31 Mar 2014, 14:17
+0 -8
Souvik is a fantastic lawyer - great catch for BMR - BMR perhaps the most professionally run firm in India - Best of luck!!
mitra a friend 31 Mar 2014, 22:37
+1 -9
I am excited beyond measure with this report.. Being a Bengali, and knowing Souvik da personally as well as professionally as an external counsel to his practice as Acuity Law at times, and trying to be a neutral advocate to his proficiencies as a lawyer, he deserves this station as no other.. My very best to you Souvik da as well as team Acuity.. I believe, curse me for this, that a man is as good as the team under his command.. Well done Aishwarya, Priya, Deep, Rashi, Shantanu, Pratyush and others.. Without your able support I am sure Acuity Law would not have been this successful.. Proud of all of you..
Blah 1 Apr 2014, 04:50
+0 -0
Has the acuity merged completely? It doesn't say so.
Diwakar 1 Apr 2014, 05:15
+0 -0
Good luck Souvik. All the best.
Guest 1 Apr 2014, 06:43
+0 -1
Good for the Acuity team, heard BMR is a good paymaster..
Era of Consolidation 1 Apr 2014, 08:45
+2 -1
Well, this had to happen. With the mushrooming of start-up law firms over the past couple of years, consolidation was not far. And this is just the beginning. In the recent past we have seen Vishnu Jerome, Vichar and now Acuity.

Let the game begin now!!