Cyril Amarchand Mangaldas partner and national competition head Nisha Kaur Uberoi handed in her resignation yesterday and is set to join AZB & Partners in the coming months, confirmed two sources with knowledge of the development.
It is understood that on Friday Uberoi was in the final stages of negotiating her Cyril Amarchand exit, as reported by Legally India at the time.
We have reached out to Uberoi, Cyril Amarchand managing partner Cyril Shroff, and AZB Mumbai managing partner Zia Mody for comment.
Earlier this month Uberoi was promoted to national head of the competition practice.
Her departure follows that of corporate rainmaker Ashwath Rau and non-equity partners Ganesh Rao, Dhruv Singhal and Anu Tiwari, who will join AZB after the expiry of their notice periods.
Uberoi began her career at what-was-then Amarchand Mangaldas in 2002 after graduating from NLSIU Bangalore. In 2005 after an LLM at the National University of Singapore, she joined Rajah & Tann in Singapore for two years, followed by Ashurst where she left as a senior associate in 2010.
Comments
This leaves Vishwanath, Reeba and Yash. For how long?
Nor hell a fury like a woman scorned
Ain't no sunshine when she's gone.....
Now what was your point exactly?
The marker is already over priced - partners are finding it difficult to justify their salaries - and here we have some one who thinks 3 crores a year is "depressing" !!
Nisha is good at executing the mandates Cyril gets for her and does not do anything silly to ward off those clients. Shes not an innovator but does the industry-standard job on her matters. That in itself is a big thing given the crackpot lawyers around who piss clients off (eg. [...] at AZ) [...] For big calls she will usually consult Cyril and that has been their relationship throughout.
She is far from Percy who genuinely is a well-networked guy (as Kian has kindly admitted). Unlike Percy she seldom takes strategic calls and is not independent as a partner. In a sense she embodies the new-age CAM/SAM partner who's a glorified associate with a big desk but kept on a short leash. I dont expect that to change at AZB where Zia will monitor her strictly.
Indian clients are loyal. They go to CAM because of Cyril. Nisha's document editing skills and sophsticated english means little to these people who want to see Cyril's name on the letterhead and the assurance that hes on the line. Very few will shift loyalties to Zia because a nisha moved.
Percy's arrival is a far more significant event for CAM than Nisha's departure
I would argue though that Ashwath Rau commands similar experience and reputation in his local Mumbai market, so you can't just see these two shifts in isolation...
Percy joining CAM would mean a great deal to the Delhi office, but overall in the AZB exchange, CAM is still down arithmetically.
I have no idea what Percy does, so unlike you will refrain from commenting rather than being some disgruntled soul who looking for a cheap like or two on their comments!!
Percy in the litigation space will be entirely unable to take on Pallavi Shroff - Delhi is her domain and litigation her forte. And that is the appropriate comparison to make whether CAM's new national litigation head and Delhi MP is any patch on SAM's litigation giant and Delhi MP, Pallavi Shroff. I think not!
"Silly" much? Surprised LI or B&B haven't picked up on this yet, as is their wont.
Sam hired stars like Akshay and Shuva.
Cam lost stars like Ashwath and Nisha.
Sam paid good bonuses and made profits.
Cam made huge losses and its getting worse.
Sam has family members like Pallavi who are an asset.
Cam is the new Congress family - vandana and rishabh are running the firm.
And in the midst of all of this AZB and KCO have stolen a march.
Cam's strategy and leadership has failed to contain the losses. More partner exits expected in litigation, capital markets and corporate.
IBA interview transcript link above where Cyrill Shroff is asked about criticism that firm is dominated by personalities of the family.
Cyril's response: I think we have been able to create some stalwarts and I would like to name a few because they are recognised in the marketplace outside of family. Goes on to praise project finance leader VISHVANATHAN as world class, corporate partner ASHWATH RAU as world class and also a recognised funds partner, competition partner NISHA UBEROI as first class international competition partner and capital markets partner YASH ASHER as well. All names recognised in any markets and none of them have the Shroff surname. Straight from the horse's mouth on who his stars are and their market standing. Now Kian dont censor this.
Brilliant interpretation on pre-filing consultation and the need to intimate in time!
http://www.cci.gov.in/sites/default/files/Order%20under%20Section%2043A-%20.pdf
Client must have been very happy with the first and the last page.
Not the only feather in the decorated cap!
talk of a very formidable combination this, right!
I'm really intrigued by this...