IC Legal doubles headcount, hires 3rd M&A-PE partner with Nishith Desai lateral

Ranka: PE boost
Ranka: PE boost

IC Legal has hired Nishith Desai Associates (NDA) senior associate Sambhav Ranka as an equity partner in its Andheri office.

Ranka, who joined the firm yesterday, was in NDA’s corporate and securities team, specialising in M&A, private equity and funds work.

He said that he hoped to take his expertise from NDA to the next level at IC, with “a major focus on M&A, private equity, investment funds, funds formation and investments”.

The 2005 ILS Pune graduate also holds a 2006-LLM from Queen Mary University of London, beginning his career at Morgan Walker Solicitors in London and joining NDA when he returned to India in 2008.

Ranka will be part of Indrajit Mishra’s and Tejesh Chitlangi’s private equity and funds team, who had joined IC Legal from Finsec Law Advisors in 2013.

We have reached out to Nishith Desai for comment.

Ranka is IC Legal’s seventh partner, joining a firm that is now 27 lawyers across two Mumbai offices in Fort and Andheri. The firm consisted of only 15 lawyers in 2013.

IC Legal would target to grow to 35 lawyers by the end of 2015, having recently recruited two freshers from NLU Jodhpur to start in June of next year, said the firm in an email.

IC Legal had hired J Sagar Associates (JSA) Mumbai partner Shiraj Salelkar in August.

Comments

Abir Roy 1 Oct 2014, 11:49
+24 -19
I have known Sambhav and Tejesh both personally and professionally and I think its a wonderful match of hard work, sincerity and knowledge. I am sure IC legal will go to new heights now. Wish you all the best, brothers!!! Wish you all the best. I am sure IC legal will now reach new heights
Harish Specter 1 Oct 2014, 12:01
+17 -17
I have known Sambhav and Abir both personally and professionally. And I agreed with the contents mentioned in Comment No. 1 above.
A Team at NDA 1 Oct 2014, 12:14
+21 -12
Vaidhya and Sambhav making partners. Hotline to banti hai !!!
Sahil K 1 Oct 2014, 12:57
+5 -6
Great new - congrats! Best wishes ahead Sam.
Asambhav 1 Oct 2014, 15:42
+13 -3
Good luck sambhav. I did watch ur video on budget impact.. http://www.nishith.tv/?videos=impact-of-budget-on-sports-industry
Keep inbtouch...
Good Luck 1 Oct 2014, 19:12
+15 -8
Good Luck to Sambhav & IC Legal..nice show in a short span of time.
Holi kab hai? 3 Oct 2014, 03:38
+3 -5
When is the ELP Cup? Has NDA announced Sambhav's replacement?
MS 3 Oct 2014, 04:18
+3 -3
Nice one Sam. NDA, wake up and take note, single equity partner of NDA.
IC Legal. 4 Oct 2014, 16:44
+1 -12
Does anyone know about IC Legal and what areas they specialize in? What does the Andheri office do since not many law firms are based here?
IC Legal 5 Oct 2014, 10:14
+11 -3
@IC Legal - you can simply check their website. Also a simple google search will yield enough results for you to know about the firm and its team since they are widely quoted in media.
Samb 5 Oct 2014, 19:19
+4 -2
Kian, you reached out to NDA for comments.. Havent they reverted back to u?
Drafting Dude 6 Oct 2014, 07:33
+7 -3
Reverted back is incorrect English. Perhaps that's why they haven't 'reverted back'!!!
Duder 6 Oct 2014, 09:13
+2 -4
Pwnd.
Dudest 6 Oct 2014, 14:49
+2 -0
What's wrong? Can you revert front?
Duh 7 Oct 2014, 01:32
+5 -4
[quote name="Dudest"]What's wrong? Can you revert front?[/quote]
It is wrong at many levels but let me highlight just one - to "revert" is "to return to a previous state". Please consult a dictionary. Arguably, the use of "reply", "respond" or simply "get back" might have been better here.
ATEAM1 7 Oct 2014, 06:17
+5 -3
Awesome move Sam! many congrats..