Fox Mandal Noida projects partner Rajesh Sehgal has quit the firm to move in-house to Singapore, reported Bar & Bench, reducing the number of non-family partners at the firm to three - Swati Sinha, Jyoti Virmani and Veronica Mohan - after departures of corporate partners Dev Ashish Mishra and Sudish Sharma last year.
Sehgal declined to comment to Bar & Bench but confirmed his departure. In respect of information from the website’s sources that the firm still owed former and current staff money, as first reported in Legally India since 2009, Delhi-area managing partner Som Mandal said: “We don’t owe any money to anyone who has left recently.” [Bar & Bench].
Comments
RDA has not been paying since a while. Current Associates receive delayed payments, old Associates and Partners have still not been paid.
Well, I recently spotted the MP of RDA with an old "Pal". I saw them discuss, debate and deliberate at a "certain hangout" in Bombay. It seems RDA wants to merge with a certain "Octopus". Octopus will go bankrupt and RDA will regain all control as they previously did. The certain new law firm has been performing well. It will be sad if it sells out to RDA and goes bankrupt. Not to forget the Associates who currently have an amazing pay package at Octopus, will struggle to get mere roti sabzi. Before merging with RDA they need to not only consider their own future, but the future and career of young Associates as well. To split again from RDA would be foolish.
A word of caution to Octopus: Fool me once, shame on you. Fool me twice, shame on me.
P.S.- By sell I mean sell to the "idea", because RDA is cash-strapped.
Shame is correct. The slowdown of the law firm and departure of the lawyers doesn’t seem to have curbed the lifestyle of the MP and his family. Good move Rajesh…
I wonder how long this sham will last…