Law firms

ALMT offshoot Clasis hires litigation partner in Delhi from Parekh

Exclusive: Clasis Law has hired former Parekh & Co lawyer Sumeet Lall as a partner to head up its litigation and disputes team.

JSA hires NLSIU topper Promod Nair from Herbies as Bangalore disputes partner

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J Sagar Associates (JSA) has hired Herbert Smith senior associate Promod Nair as a salaried partner in Bangalore, specialising in international arbitration.

3 women, 2 men enter Amarchand side equity as BCG says: Grow to 1,000 by 2017 with 11 practice heads

Exclusive: Amarchand Mangaldas has promoted five new partners into the lockstep equity pool and created 11 practice heads, as part of the 2017 plan for the firm to grow to 1000-lawyers and 100 partners following the proposals from the Boston Consulting Group (BCG) review.

Amarchand promotes partners: 8 internal, White & Case lateral; Irish competition lawyer rises, BCG review finalised

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Amarchand Mangaldas has promoted eight principal associates to partnership in Delhi, Mumbai and Bangalore, hired White & Case associate Raghubir Menon as a partner and promoted Irish competition lawyer Paku Khan as a partner-equivalent director.

Four-month-old Prism takes Naik Naik & Co banner in exclusive fin reg alliance

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Exclusive: Naik Naik & Co and securities start-up boutique Prism Partners Advocates have entered into an exclusive alliance under the Naik brand name.

Indian law starting salaries: 29 law firms, in-housers updated as ICICI, JCLex, Bharucha, Majmudar hike while Tatva starts on Rs 8 lakh

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Corporate recruiter ICICI Bank has increased its basic pay package for new recruiters by almost one and a half lakh rupees taking the basic annual package to 10.5 lakh, as Bharucha & Partners, Juris Corp and Majmudar & Co hiked their fresher pay. Tatva Legal kicked off its first law school recruitment season with packages of Rs 8 lakh.

UK, Khursheed, BCI sign no ag’t on foreign law firms as Khursheed promises ‘fast-track’, BCI wants 6 months of exchanges but recognises case for non-litigation entry

Yesterday’s closed-door afternoon meeting between UK justice secretary Kenneth Clarke, Indian law minister Salman Kursheed and Bar Council of India (BCI) chairman Ashok Parija stopped short of reaching an agreement on the entry of foreign law firms but the countries would trial cooperation on the legal education front for the next six months.

Symbi alum’s Pune projects start-up targets Delhi, Mumbai

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Former India Law Services (ILS) associate and Symbiosis Law School graduate Aakash Phadnis project finance and intellectual property (IP) start-up in Pune has recently started a tie-up in Delhi and hopes to open in Mumbai soon.

KJSV partner Jayakar sets up own law firm as firm rebrands to KS, reboots Mumbai with specialist focus

Delhi-headquartered law firm Khaitan Jayakar Sud and Vohra (KJSV) has rebranded itself to KS Partners as it relaunched its Mumbai office to focus on niche practice areas, while its former Mumbai partner Mohan Jayakar left to start his own firm.

Lakshmi Kumaran partner, Remfry alum Sanjay Kumar starts up patents firm Perfexio Legal in Delhi

**Exclusive: Former Remfry & Sagar patents head and Lakshmi Kumaran & Sridharan (LKS) partner Dr Sanjay Kumar has left to start his own intellectual property (IP) law firm Perfexio Legal fulfilling entrepreneurial ambitions.

Projects boutique ILS opens in Bangalore with ex-SBI lawyer

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Exclusive: Project finance specialist India Law Services (ILS) has opened office its fourth office in Bangalore with former State Bank of India (SBI) lawyer as its head in a bid to capitalise on market opportunities in southern India.

Senior UK cabinet minister Ken Clarke vows making ‘forceful’ case to liberalise Indian legal sector in upcoming visit

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Kenneth Clarke, the UK’s Secretary of State for Justice and Lord Chancellor who will visit India in the coming weeks, said at a speech today that it was in the interests of Indian business to open up the legal sector to foreign law firms or suffer because of “restricted domestic legal provision”.

Wakhariya entices ex-UBS GC Neeta Sanghavi back to private practice

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Wakhariya & Wakhariya has hired former UBS India legal head Neeta Sanghavi as partner to head the financial institutions, investment banking and private equity practices.

Nishith Desai starts in Delhi with Goldman Sachs GC, opens Bandra office, buys Rs 1 crore of IT

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Exclusive: Nishith Desai Associates (NDA) has hired former Goldman Sachs India legal head Pratibha Jain to start up in Delhi, as the firm opened its second Mumbai office in the Bandra Kurla Complex (BKC) last week and invested Rs 1 crore ($219,000) in advanced IT infrastructure.

AZB’s Vishnu Jerome, TTA’s Ravi Kumar, JSA’s Priyanka Roy start up Alliance Legal

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Exclusive: Vishnu Jerome, who resigned from AZB & Partners in June, has started up the law firm Alliance Legal with fellow NLSIU Bangalore graduates Priyanka Roy and Ravi Kumar from J Sagar Associates (JSA) and Talwar Thakore Associates (TTA) respectively.

Chennai start-up breaks even after 17 months, opens arbitration centre business, shies away from ‘profit mode’

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Exclusive: Chennai Law Associates, which was set up 18 months ago by former Surana & Surana litigator ML Joseph and broken even last month, has moved into larger office and opened an arbitration centre as an additional revenue source.

Trilegal lifts two Mumbai partners into lockstep, plans to ‘fine tune’ equity model (+ lockstep explained)

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Exclusive: Trilegal has internally promoted the first two salaried partners into its equity partner lockstep since the Phoenix Legal breakaway, with Mumbai corporate partners Nishant Parikh and Amit Tambe starting on the first rung of the firm’s 13 year lockstep.

Phoenix Mumbai opens SoBo lit office, expands to 3 with corporate lateral partner

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Exclusive: Phoenix Legal has opened a second Mumbai office in Nariman Point relocating its recently hired litigation partner and bulked up with Hariani & Co real estate and corporate partner Siddharth Hariani to expand to three partners in Mumbai.

Luthra promotes three, gifts partners Beemers, Mercs, iPads

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Luthra & Luthra has promoted three Delhi lawyers to partnership and will buy German-made cars for five partners, as a raft of associates have been promoted to senior and managing associate levels.

Ex-Linklaters lawyer gets Trilegal partnership

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**Trilegal has promoted counsel Saurabh Bhasin as non-equity partner in the energy and infrastructure group in Delhi from 1 August.