Khaitan & Co has completed its acquisition of the practice and teams of three co-founding partners of PXV Law Partners.
According to a press release from Khaitan, Deepto Roy in Mumbai, and Mohit Abraham and GT Thomas Phillippe have now joined as associate partners in the two cities.
Eight of their associates will also join Khaitan after a “merit driven recruitment process”, confirmed a Khaitan spokesperson.
According to Legally India’s report of early July, their teams consisted of around 15 associates, of whom half were expected to join.
In the meantime, PXV partners Pingal Khan in Mumbai and Bangalore and Souvik Bhadra Kolkata started up Ashlaw Law after PXV was dissolved, as reported by Legally India last week.
Khaitan & Co did not provide a comment at the time of the initial report about the strategy behind the acquisition, but Khaitan Mumbai partner Rabindra Jhunjhunwala commented in the press release: “On behalf of the firm, I am delighted to welcome the PXV team to the Khaitan & Co fold.
The hires would particularly help in its energy infrastructure and resources, dispute resolution/litigation and corporate law practices, according to Jhunjhunwala.
Comments
better to be a king of your small regime then becoming a servant in big ones.
all the best ld advocates.
So yes, we do cover what happens in start-ups and young firms disproportionately.
If you don't like reading about start-ups, please feel free not to click on those stories. Best wishes,
Kian
People were wondering in the first story what would happen to the associates, and what the strategic impetus to the merger is.
We've shared how many associates are joining now, confirmed, and shared a quote from KCo about it apparently being an acquisition of expertise at least in most part, as I'd speculated in the previous comment.
Ahhh..That's going to be a huge loss to mankind bro. Don't do that to us.
So, just before we picked up the first news item before the press release, doesn't mean that they press released it for the sole purpose of having us write it again, but more likely so that other websites and print publications that hadn't covered it yet, would pick it up...
However, I was genuinely interested that the move had wrapped up so quickly and about the aforementioned associates.
I despair for our profession!