Cyril Amarchand Mangaldas, as the new partnership under Mumbai-based brother Cyril Shroff is set to be known when started from 1 April, has finalised a list of seven new equity partners, and 12 new salaried partners to be promoted in its existing offices.
According to sources, once the split between the Mumbai and Delhi region of the firm takes effect (expectedly by 1 April), the following seven partners will be promoted to equity partnership in Amarchand’s current Mumbai and Bangalore region, of whom five were first reported by Bar & Bench:
- Santosh Janakiram (projects, Mumbai)
- Arjun Lall (corporate, PE & capital markets Bangalore)
- Sharad Mathkar (litigation, Mumbai)
- Shaneen Parikh (arbitration / disputes, Mumbai)
- Amey Pathak (projects, Mumbai)
- Nivedita Rao (corporate, M&A, Bangalore)
- VP Singh (litigation, Mumbai).
Existing Mumbai-region equity partners will also accede to the Cyril Amarchand partnership, which currently includes Cyril and Vandana Shroff, S Bhojani, L Vishwanathan, Leena Chacko, Ashwath Rau, Yash Ashar, Tushar Mavani and Bangalore’s Reeba Chacko.
This list excludes any future partners based in the new Delhi office of the firm, which will be set up in Saket in the coming months, as reported by Legally India on 13 March; Khaitan & Co’s Gauri Rasgotra and Economic Laws Practice (ELP) Kirat Singh Nagra would be some of the lateral hires part of the starting team of Cyril Amarchand’s Delhi office.
The following principal associates would see the nod to salaried partnership in the new firm headed by Cyril:
- Mumbai: Ravi Kumar (corporate M&A), Ganesh Rao (private equity, funds), Smruti Shah (corporate M&A, PE), Radhika Gaggar (corporate), Rishabh Shroff (private client), Dhananjay Kumar (projects), Ankush Mehta (disputes) and Subhalakshmi Naskar (projects),
- Bangalore: Akshay Bhat (corporate), Nagavalli Gopalakrishna (real estate),
- Chennai: Arun Prabhu (corporate / TMT),
- Hyderabad: Harita Rao (projects).
Amarchand Bangalore recently hired former ICICI legal counsel Avinash Umapathy as a consultant, who will be promoted to partnership in Bangalore once the new partnerships are fully operational.
Cyril Shroff did not respond to a message seeking comment.
It is understood that Shardul Shroff is also in the process of finalising his list of new partners in the Delhi region.
Comments
What amount* of money?
3-9 Crores?? Are you crazy?
I am curious to know why you want to know. You seem to be neither a fresher, nor a current associate, otherwise you would have known the remuneration package.
And they would least be bothered about poor Associates!!
Mummy ne equity Nahi de????
There must be several younger ones to move to equity, including Ankit at Wadia, Essaji at AZB and Aakash at Khaitan. Kian, it will be interesting to verify.
Hey why are you stealing my name and posting around. Fake Phantom...Get real and be original
~~~~~~~~
-Phantom
Seems Cyril is a nervous man these days.
VP tere paas Ma abh nahi!
tere paas kya hai kaaliya??
Kian, I would like to substantiate this non-personally.
Take the case of [...] (...) or [...] (...). These two were as good as passed over in the original AMSS with pretty much a stagnated career as PAs. In the ordinary course they would have been highly unlikely to get partnership (as indeed history is full of examples). But thanks to the brothers breakup they have managed a partnership at long last. In that sense the breakup has benefited these passed-over people the most.
Lawyers in Amarchand take what is given to them. No one is beating the firm on the negotiating table.
On your comment on people who were "passed over" now being rewarded - that's grossly unfair to some people. Ravi, Smruti and Dhananjay (all who have technically been "passed over" in some sense, since they should all have made partner last year) are highly deserving of the partnership - far more than some of the partners Amarchand has made in the last few years. Equity to Santosh, Amey, Nivedita, for example, should have come much earlier.
Yes, some people are in the right place at the right time, but without the fundamentals to back that up, you will only get that fair.
Lawyers in Amarchand take what is given to them. No one is beating the firm on the negotiating table.
On your comment on people who were "passed over" now being rewarded - that's grossly unfair to some people. Ravi, Smruti and Dhananjay (all who have technically been "passed over" in some sense, since they should all have made partner last year) are highly deserving of the partnership - far more than some of the partners Amarchand has made in the last few years. Equity to Santosh, Amey, Nivedita, for example, should have come much earlier.
Yes, some people are in the right place at the right time, but without the fundamentals to back that up, you will only get that fair.[/quote]
I was not referring to any of the people you named. The two I named (which Kian unfairly censored) are much senior to Dhananjay and were practically written off within the firm.
Kian- You are losing your touch on investigative reporting.
In fact, none of this is official as yet, as it's all dependent on the mediation closing and split going through as planned. If the mediation gets postponed, presumably none of these promotions can take effect...
Wondering if Mumbai office has announced it?
Please don't be mean about younger individuals mentioned in the story, by saying, xyz's performance is not up to scratch and they should never have made partner, or abc's career has stagnated.
Try to be kinder, please.
How can I see the latest comments only or sort by latest?
Unfortunately you can't reply to those comments directly from there, though you should be click on each which will take you back to the main page...
Hope that helps :)