Cyril Amarchand Mangaldas Mumbai banking partner Niloufer Lam has resigned the firm, as first reported by Bar & Bench.
Lam had joined in 2010 from Bank of America Trustees, where she was a consultant director. She had also worked at KBC Bank, Morgan Stanley and, from 1996 to 2006, at Linklaters.
She is dual qualified in India and England. “We wish her the very best,” commented Cyril Amarchand managing partner Cyril Shroff when contacted, saying that the departure was amicable.
When asked about whether this would affect the firm’s banking vertical, Shroff added that it would not affect business, as there were “many partners in this practice”.
We have reached out to Lam for comment but could not get through by the time of publication.
Update 19:17: We have spoken to Lam, who confirmed her leaving.
Lam’s team in Mumbai had seen a number of mid-level departures over last year, including principal associate Soummo Biswas, and associates Malvika Kanade and Manju Sagar had joined Shardul Amarchand Mangaldas Mumbai banking partner Sapan Gupta’s team around a year ago, and associate Ayushi Anand, who had joined Khaitan & Co as a senior associate in mid-2016.
Comments
Former, I think it's fewer than that, but would have to check.
Latter, not sure yet - will also make some inquiries.
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Yash dude... time to smell the coffee and take the lifeboat across the bay to Express Towers
But if CSS or VCS doesn't give him enough respect which he deserve, he will leave.
"But if CSS or VCS doesn't give him enough respect which he deserve, he will leave".
Consisten thoughts much?
Yes, partner exits are common. What's clearly not common is any respect for the contribution a partner has made to your practice. The mentality is that of a lala ji dealing with employees (one goes, two more can replace). A partner, by definition, is supposed to be part owner of your business. Even if you have many partners, each is supposed to be valuable. The least you can do is have a public statement that reflects that. And maybe be nice about her contribution to growing/grooming those "many partners?"
For example "we thank her for the wonderful work we have done together for the past X years. She's moving on (to XYZ) and we wish her luck in he future endeavours. She's helped build a strong team in the practice area at CAM, including A, B and C partners (this also proves you actually know their names!) and we feel confident that the practice will continue to grow from strength to strength"
This isn't a complicated exercise
"he's helped build a strong team in the practice area at CAM, including A, B and C partners (this also proves you actually know their names!) and we feel confident that the practice will continue to grow from strength to strength"
Dear Wow,
You clearly did not read the last paragraph of the report.
Departures are often personal moves nothing to do with the place leaving