Confirmed: Trilegal scoops S&R's Bhakta Patnaik as cap markets head with TTA counsel [UPDATE-1]

Tuesday, 21 June 2016 By Legally India Law firms

Patnaik now confirmed to be joining Trilegal…

Patnaik to boost Trilegal capital markets and corporate prowess
Patnaik to boost Trilegal capital markets and corporate prowess

S&R Associates partner Bhakta Patnaik, who would probably be joining Trilegal we reported a month ago, will now certainly be joining the firm as a partner and the head of its capital markets practice with a counsel from Talwar Thakore & Associates.

The Trilegal partnership has voted to admit Patnaik, who has accepted, according the two authoritative sources.

We have reached out to Trilegal for comment.

Update 18:38: Trilegal co-founding partner commented in a press release: “Bhakta is an excellent lawyer who has built a formidable reputation in the market. He will add depth and value to the firm’s overall practice offering. His appointment comes at a time when the Indian market is embracing REITS and INVITS and Bhakta’s international experience with these products will help us support our clients better.

“Trilegal has been attracting the best talent in the market and Bhakta’s appointment reinforces that trend.”

Khushrushahi
Khushrushahi

According to Trilegal’s press release, Talwar Thakore & Associates counsel Sohrab Khushrushahi will also join the capital markets team as counsel level. Before Talwar Thakore, he had also worked at Linklaters.

Patnaik is a 2002 NLSIU Bangalore graduate who was promoted at S&R to partner in 2012.

He is a corporate and capital markets lawyer who had previously worked with Linklaters in Singapore and erstwhile Amarchand Mangaldas in Delhi.

He is the first partner to ever resign from S&R Associates since the firm was founded in 2005.

partner hiresS&R AssociatesBhakta PatnaikTrilegalNLSIU BangaloreSohrab Khushrushahicapital markets

Comments

Crap-tell markets 21 Jun 2016, 10:15
+1 -4
[...] Trilegal have got what they were looking for, for years now. Let's see how it pans out, they claim to have the clients and now an execution guy..
Neymria 21 Jun 2016, 11:16
+11 -2
Trilegal is a band 1 Firm and do have the clients. Bhakta is a senior hire with a book. Chill man. By now SNR should have cooled down;)
worker 22 Jun 2016, 18:01
+2 -1
book? he is good at working on mandates.
Tri 21 Jun 2016, 10:43
+10 -0
What will happen to Partha?
13th Floor 21 Jun 2016, 11:07
+21 -0
He might as well get another tattoo.
Drew Peacock 21 Jun 2016, 10:51
+2 -0
Remember me, Kian?
kianganz 21 Jun 2016, 10:56
+0 -6
Hi Drew P, long time, how have you been?! :)
Drew Peacock 21 Jun 2016, 11:53
+0 -3
Good!Nice to see legallyindia going strong.
Peahen! 21 Jun 2016, 12:27
+2 -0
Another Partner exit !! Its going to be a record breaking year when it comes to partner exits.
kianganz 21 Jun 2016, 12:29
+1 -0
True, I think so to.

By the way, for the purposes of our stats in the Mint article this morning, Patnaik had already been counted as an exit... But another partner exit we'll cover today won't have been...
CM 21 Jun 2016, 13:43
+6 -2
So much talk about Sohrab joining CAM as Niloufer back up, guess Trilegal got both equity and debt in one stroke. Good job, Karan !
Cricinfo 21 Jun 2016, 14:08
+7 -3
is Sohrab the only partner/counsel to have a profile on Cricinfo? Have had the pleasure of batting alongside him once. What a player!! A guy who can hit a six over cover, can do pretty much anything!

http://www.espncricinfo.com/ci/content/player/579143.html
tpi 21 Jun 2016, 14:31
+8 -1
he did not join nisha? there was speculation that he would follow her at azb.
WOD 21 Jun 2016, 15:04
+2 -0
Go show them how CrossFit owns P90x.\m/
Alias 21 Jun 2016, 15:59
+7 -7
Trilegal just nabbed one of the best lawyers I've worked with - Sohrab! Congrats!
Former colleague 21 Jun 2016, 17:46
+1 -1
Congratulations Bhakta! Break a leg!
Congrats to Sohrab! 22 Jun 2016, 03:16
+1 -6
and a tiny bit to Bhakta as well. Sohrab is a superstar!
Ras 22 Jun 2016, 05:57
+2 -1
Dynamic duo. Great catch trilegal!
Wonder 22 Jun 2016, 07:44
+0 -2
Curious on when Sohrab has been offered a partnership shot and what the other counsels at trilegal have to say about this.
FAN 22 Jun 2016, 08:27
+0 -0
REMEMBER ME KIAN? PLEASE RESPOND TO THE BELOW (if you have any idea):

I LOVE THIS CORPORATE AND CAPITAL MARKETS SPECIALISATION, DOES IT MEAN THAT MR. BHAKTA DOES AN IPO AS WELL AS A STRATEGIC M&A???
kianganz 22 Jun 2016, 08:34
+1 -0
Hi, umm, not sure. :) In case it's a genuine question, background would be that S&R started out as a capital markets firm but since the downturn they've increasingly turned full service. Hence he would have also been doing some corporate work here and there, but Trilegal probably wants him most for his cap markets nous...
Guest 22 Jun 2016, 11:11
+0 -1
All Caps = Shouting. Also, Mr. Patnaik*
Congrats Trilegal~ 22 Jun 2016, 08:28
+2 -3
Sure shot partnership. Worked with them both before - definitely a winning duo. Wish them all the best and hope they create a dynamic practice. Congrats Trilegal. Congrats Sohrab and Bhakta
Bleh 22 Jun 2016, 08:54
+5 -5
With Soumo gone and Sohrab not joining - the DCM practice in CAM is dead for sure
B wing 23 Jun 2016, 04:06
+6 -3
Soummo leaving CAM made no difference in the practice.
LN 23 Jun 2016, 13:40
+5 -3
Who is Soummo
CAM Associate 22 Jun 2016, 10:49
+5 -2
There is no rocket science in ECM & DCM. Dealing both ECM & DCM since last eight years...Hum Number One Thee, Hain aur Rahenge!
FAN 22 Jun 2016, 12:27
+2 -3
ECM no brain but DCM requires yaar!!!
Guest 22 Jun 2016, 17:29
+2 -1
^ Great. Finally someone can explain me the difference between "reasonable care" and "reasonable investigation" defences in an IPO misstatement!
sl 22 Jun 2016, 17:50
+5 -4
whats the big deal. ashar and lal are far ahead of these lawyers. both in terms of industry recognition and capability.
Dawood 23 Jun 2016, 06:15
+2 -1
We are discussing about legal knowledge and capability, not about fashion show!
fashion 23 Jun 2016, 15:00
+3 -0
whatever u may say about asher, you cannot accuse him of fashion. So it is very much about legal expertise!
RC 23 Jun 2016, 18:54
+4 -0
Fashion and Frisbee you mean? Still a very important talent. Anyone can do an ECM document. Now don't turn red in face.
Good move 23 Jun 2016, 05:58
+0 -1
This is good move for Sohrab. Becomes 'of counsel', bigger title than at TTA. Bhakta and he together will be interesting. Time the capital markets landscape in domestic firms was shaken up.
Time will tell 23 Jun 2016, 13:59
+1 -1
So many partners at Trilegal. Will all be able to "hit it out of the park?". Only time will tell.
Commenting is closed for this article.