Krishnamurthy & Co (K Law) has promoted five associate partners to partners, effective from 1 April, doubling the number of partners at the firm to 10.
In Mumbai, corporate associate partners Sankar Narayan Swamy and Sanket Sethia, and IP, media and entertainment associate partner Priti Deshpande were promoted to partner level.
In Bangalore, corporate associate partners Abhinav Singh and Priamvada Princeton got the nod.
K Law managing partner Naina Krishna Murthy commented in a press release: “Each person who has been promoted to a Partner this year reflects the firm’s philosophy, integrity and ethos in the truest sense. I see them completely aligned with the Firm’s objectives and making them Partners was a natural consequence of the trust, reliance and belief that the Firm has in them.
“I wish them the very best in their new roles and truly believe that they will be the new flag bearers of K Law.”
Comments
[A co-intern from Crawford Bayley circa 07']
Though i believe that K Law is a sole proprietorship and hence the comment on an equity partnership is misleading.
I was under the assumption that all the partners are salaried partners apart from Naina.
Regards
Rashmitha
Also, hearty congratulations to all other new partners.
Any update on whether K Law has a pure equity model or salaried partners as a sole proprietorship
The nation wants to know...
I believe they actually had a sole proprietorship model but have now converted to a larger equity-type model, but that's subject to confirmation...
Will let you know if I hear anything...
Honestly, K - this is 'paid' stuff, ya?!
That's still great numbers considering the other perks that come along when working with a small / mid-tier firm.
1 cr is being very optimistic. 50-70 inclusive of any year end up top up/bonus sounds reasonable.
If it is still a sole proprietorship, then yes, the salaries would be fixed and would not be as much as a salaried partner at a Tier One firm.
However if it has moved to an equity model as suggested by Kian, the new partners will have a piece of the pie and hence it should be comparable to a salaried partner at a Tier One firm.
Its simple math, even if total revenue would be lesser than their bigger counterparts, as it has to be divided between lesser number of people. i.e. 10 people, then each should be getting quite a bit.
Thats why the question, full equity or not ??