Cyril Amarchand Mangaldas partner and competition head Nisha Kaur Uberoi is close to joining AZB & Partners in Mumbai.
Legally India understands from three sources that she has not yet resigned or made any formal announcements within Cyril Amarchand.
However, it is understood according to two sources that her move to AZB is as good as a done deal.
Bar & Bench first reported earlier today that Uberoi had resigned from Cyril Amarchand to join AZB.
Strong rumours around Uberoi leaving have been swirling in the market for months now.
Her move would follow Ashwath Rau, who will be joining AZB with three partners foreseeably by next month.
We have reached out to Uberoi, Cyril Amarchand managing partner Cyril Shroff, AZB managing partner Zia Mody, and Rau for comment but have received no responses or comment.
Update: Cyril Amarchand, meanwhile, has poached senior AZB Delhi litigation and contentious competition partner Percy Billimoria.
Comments
Percy Billimoria to bolster and anchor!
wish him all the best.
regards,
past and future teamplayer!
Indian legal market is in a churn. dust will settle soon - the ones standing then will be the next stars.
He has moved to delhi to get clients and has made progress with delhi office in 1 yr.. he needs more internal authority to deliver, high time his contribution is acknowledged. Smell coffee and realise that next gen is way to go.. Deserves to be GC head
Pun intended.
Any examples of how such massive departures was handled in past? Can only think of akshay's team move to shardul Amarchand last year, was a smaller team
Kian - please do a story on the names going with Ashwath. This is unprecedented!
Departures can also be a part of the BCG strategy - it's called restructuring my dear. There was too much flab in the firm.. good some of it got pruned on its own
And please stop being so unfair to delhi. every investment needs time to generate returns
With this one practice area wiped up and there goes what INR 15-20 crores book too ! Aye aye captain, abandon ship !
Kian please allow this comment, very keen to see how many like or dislikes it gets. This can be great feedback for the senior management too...
Just like Himanshu who was made partner and left.
Cyril should eat humble pie and ask his brother to take him back.
Cyril will find his replacement so will Zia for Percy! Be it a good choice or bad on the move is the individual choice, wish them well. If you got nothing better to say then hold your peace.
Bored guy on my cab ride ride home
There will also be another Cyril tomorrow as well, big deal
If it was that easy, and required as little innate ability as observer suggests, then Cyril would have made Rishab another Shuva by now.
You think any other partner besides CSS and VS can make decisions??? You clearly are delusional?!! If Nisha or Ashwat had the choice to make members of their teams up and run the practice without interference all the time, I don't think they would have left!!
KCO comp practice .....
I ll make sure I suck and drain you to the last drop of your blood and breath. V soon you ll start missing the gentle docile elephant from which your jumping when my hunter ll smack you a$$e$ and leave u bruised and gasping for breath. Welcome to the Banyan Tree.Terror awaits.
These rumours have been doing rounds for months. I don't think much has changed in that position as nobody involved seems to have still cleared the air...
That said, would have preferred to wait on this story until at least a resignation letter had landed on a desk, but our dear rivals at B&B are particularly aggressive these days at trying to scoop us.
And though B&B - as far as I can tell - misreported that she has already resigned, I do reliably understand that it's basically a done deal (although you never know - maybe CAM will pull a rabbit out of a hat and make an offer NKU can't refuse...?)
In this case, we have it from solid independent sources from different quarters that this is more than a rumour and is as good as a done deal, and that's all we've reported, which still leaves sufficient room for the people involved to change their minds.
They were also paid but there is no price for freedom and all top quality professionals of the non lala culture expect this. Poor Percy - forgive him O Lord for he does not know.
This will create real estate to expand in future
Give me some sunshine, give me some rain....
Applied to CAM. This is the final nail in the coffin. RIP CAM.
The new alphabet:
A: for Adani
B: for Baba
C: Cyril is CAM and CAM is Cyril
D: Denial of legitimate dues
E: Elephant leaching purple to become white
F: Financial issues
G: Get the hell out of this sinking ship
V: Vandana - the eyes, ears and brain of CAM.
Z: Zia Mody sends her regards. Recognises, rewards and respects quality. Treats professionals with dignity. Come to big Mumma.
J: Jhansi ki Rani
S: Sweetie
Dignity lies in the dustbin in AZB!
Corporate: rapidly declining. Ashwath's exit has hit clients and morale.
Capital Markets: overcrowded. 6 partners no work.
Litigation: hire and fire- we go around the merry ground.
Competition: just got wiped out.
Projects: keeping the firm solvent.
No longer full service or top tier terribly sad state of affairs. Maybe Zia Mody should make an open offer to the few good ones left?
With my grades I would have never made it to CAM even though I have an extremely all round well developed CV. I instead got a job offer from Khaitan&Co. and I think it would serve CAM well to follow the Khaitan policy of choosing genuinely good law students rather than picking up students who are good at mugging.
(different salaries of different positions)
They both used to be best of friends, cross refer work to each other, not poach but what has changed?
Cyril will have the knives out for her now that she has taken 6 partners and 40 associates in 2 months from him.
Lot of disturbance at the top. Unprecedented. Zia-Shardul-Cyril all at war!
On another note, some of the leaves are understandable, some purely opportunistic, nothing known as loyalty? Also people threaten to leave and get bigger packages (someone at AZB apparently got double) - you think those who offer you sweeteners aren't going to extract their pound of Flesh and remember how you behaved?
Crazy people, crazy attitude.
People don't consider it a profession, no passion just greed. How much do you need after all?
CAM SAM AZB they all throw money...Its upto the lawyers to take or not...