Law firms

Despite downward pressure on fees post-AMSS, senior partners now charge avg Rs 22,000 / hr, associates on Rs 10,000

Senior Indian law firm partners’ billing rates have increased by around 17% over two years to an average of $335 an hour (Rs 21,580 at current exchange rates) from $292 in 2015 (Rs 18,500 at exchange rates at that time), according to consultancy RSG India’s latest research and its figures from 2015.

AZB overtakes AMSS-divided in RSG top 40 firm rankings • Luthra, ELP, Tatva drop • Trilegal, LKS, Link, Indus rise

In the latest bi-annual rankings compiled by consultancy RSG India, AZB & Partners has topped the table ahead of Shardul Amarchand Mangaldas (SAM) and Cyril Amarchand Mangaldas (CAM), which had topped the table in 2015 when still united in one firm as Amarchand Mangaldas before their break-up (see full table below).

CAM adds ex-Allen & Overy senior partner David Morley to strategic advisory board of bigshots

Cyril Amarchand Mangaldas has appointed another high-profile name to its internal “strategic advisory board”, with the part-time hire of former magic circle firm Allen & Overy’s senior partner David Morley.

Link Legal promotes JSA-AZB-alum from projects AP to partner

Link Legal India Law Services has promoted associate partner Shashwat Kumar to partner.

Pamasis Law merges with good Mumbai friend Aditya Chopra, becomes PSL • Targets Chandigarh, Ahmedabad next

Pamasis merges with SanAd Legal to form PSLPamasis Law Chambers and SanAd Legal have merged to form the 5-partner, 20-lawyer Delhi and Mumbai based law firm PSL.

11 myths against foreign law firm entry countered (as presented at INBA-Ministry liberalisation conference)

On Saturday, 11 November, the Indian National Bar Association (INBA) had held the “Bar Leadership Summit on Reforms in the Indian Legal Sector” conference to discuss the future and liberalisation of the legal profession, and to bring together leaders of the bar and the government.

Penningtons, ex-Fox-London head Ajit Mishra joins Rosenblatt Solicitors as India head

UK firm Penningtons Manches LLP India group co-head Ajit Mishra, has joined London-based Rosenblatt Solicitors as the head of its India group.

‘No doubt that proceeds of crime’: SC rejects Rohit Tandon bail plea (without prejudice) [READ JUDGMENT]

T&T Law founder Rohit Tandon lost his appeal for bail in the Supreme Court on Friday, and continues to be in jail for almost a year now for alleged money laundering.

‘Once an NDA-ite, always an NDA-ite’: Nexus VP Legal Harshita Srivastava re-joins Nishith to head VC practice

Former Nexus Venture Partners vice president legal Harshita Srivastava has joined Nishith Desai Associates (NDA) in Mumbai to head its venture capital (VC) practice.

Luthra’s Mohit Saraf: By end of 2018 ‘ready’ for foreigners who’ll only open small offices (after having pushed for Indian lawyer hiring ban 2 months earlier)

Luthra & Luthra senior partner Mohit Saraf, who was one of the Indian law firm promoters requesting the commerce ministry in liberalisation negotiations to prevent foreign firms from hiring Indian lawyers, said in an interview with Asia Legal Business that if foreign firms open in India, they would only be with a “very small office”.

Noida IP firm Sujata Chaudhri promotes VC Mathews to associate partner

NCR-based IP boutique firm, Sujata Chaudhri IP Attorneys, has promoted senior associate VC Mathews to associate partner.”>

HSA lateral partner Ajoy Halder starts up lean infra-corporate law firm, eyes overseas

HSA Advocates partner Ajoy Halder has left the firm last month to set up start-up law firm Halder & Associates in Delhi.

Alliance - Dhaval Vussonji merger breaks apart after only 18 months together

The April 2016 merger between Alliance Corporate Lawyers and Dhaval Vussonji & Associates has fallen apart, with the former operating as Alliance Law from 31 October.

Link Legal (DH) Mumbai hires RM Partners lit-corp duo Nikhil Rodrigues, Jyoti Maheshwari as partners

Link Legal India Law Services has hired the co-founders of RM Partners, Nikhil Rodrigues and Jyoti Maheshwari, as partners in its Mumbai office.

Fox & Mandal Calcutta hires Khaitan & Co Cal SA Atreyee Sen as principal associate in corporate

Fox & Mandal Kolkata - the Kolkata partnership of the Fox Mandal group of three firms - has hired Khaitan & Co Kolkata senior associate Atreyee Sen as a principal associate in its corporate practice.

2002-NLS pure-homegrown Luthra corporate partner Pranjal Bora departs

Luthra & Luthra partner, Pranjal Bora, homegrown at the firm for 15 years, has left the firm, we have learned.

MDP forays into banking, hires ex-IDBI DRT head Ashok Kumar Mishra as senior partner

Ashok Kumar Mishra, former Kolkata debt recovery tribunal (DRT) presiding officer and former general manager legal of IDBI Bank, has joined Mumbai-based MDP & Partners (formerly M Dhruva & Partners) as a senior partner to head its banking practice.

Read ED submission in SC to keep lawyer Rohit Tandon jailed: Laundered up to Rs 128 cr demonetised notes, won’t explain origin of cash

T&T Law founding partner Rohit Tandon, now in jail for nearly a year in one of the most high-profile arrests carried out in the wake of the government’s demonetisation drive in 2015, is now awaiting a final order of the Supreme Court over his bail plea in the money laundering case against him.

Solomon & Co founder’s great-granddaughter promoted to equity in Paris-Mumbai • Now 10 partners with AP promo

Michelle Solomon Le Page has been promoted to equity partner on 1 October at Mumbai-headquartered firm Solomon & Co, which had been founded by her great-grandfather in 1909.

Cleary promotes Amarchand-NLS-alum Nallini Puri in London in tiny round of 3

US-international firm Cleary Gottlieb Steen & Hamilton has promoted three to partner this year, including London-based M&A lawyer Nallini Puri, reported The Lawyer and others.