Platinum expands by 25% with junior and lateral hires

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Platinum Partners has grown its lawyer ranks by a quarter in the last three months, taking on three law school graduates and a lateral associate from White & Case in London.

Saionton Basu has joined Platinum’s Delhi office as an associate from White & Case, where he was an associate in M&A and infrastructure for two-and-a-half years.

Basu had trained at Amarchand Mangaldas before moving to London.

Commenting on his return to India he said: “I always intended to focus on India as a sector [and] moving back to India was keeping my long term career goals in mind.”

Platinum has also hired three recent graduates from Government Law College Mumbai and National Law Institute Universities in Bhopal and Jodhpur.

The firm’s founding partner Karam Daulet-Singh said: “As far as law schools go, my experience has been that toppers - i.e. in the top five - from any of the top five to seven law schools make for really good new recruits.”

Platinum currently has a total of sixteen lawyers across its offices, with two partners based in Delhi and one in Mumbai.

Basu has already started working at the firm and the new law school recruits are set to swell the fee-earner numbers by almost 20 per cent.

White & Case was not available for comment.

Comments

Guest 8 Jul 2009, 20:47
+3 -1
I think this story is in very bad taste, its basically almost an advertisement by Platinum... Recruiting 4 lawyers and one ex-Amarchand White & Case India desk lawyer is not a great achievement! This could easily be covered in a one line story. The lawyer stating that he always wanted to come back to India, is a good joke as he had happily moved to W&C for better or worse till the markets tanked in London. [comment edited] Kian, I appreciate the editorial restraint shown by you till now. Please try to retain the integrity and balance shown by this website.
Kian Ganz, editor 8 Jul 2009, 22:06
+2 -0
240, thanks for your feedback, I take your point on board.

However, I think that associate and junior hires can be as interesting and important as partner hires, especially if they result in a small firm increasing in size by a quarter.

I would also like to reiterate that we aim never to publish thinly veiled advertisements as editorials.

But please do call us to account whenever you disagree.

And on a general note, yes, please do not make personal comments about lawyers mentioned in stories. We will generally try not to moderate any comments unless we are requested to do so or they are overtly defamatory. But please exercise restraint.

Ps: Contrary to popular belief, press releases are still very rare from Indian law firms but in any case we will try to avoid rehashes. Again, please let us know if you disagree.
Guest 8 Jul 2009, 22:07
+1 -1
And 240, I think your comment is in bad taste. Dont make points about 'this lawyer' or 'that lawyer'. You've made a good general point in that this almost looks like the rehash of a press release - but don't get personal about the lawyer in question. Its totally unfair.
Anonymous 9 Jul 2009, 04:06
+1 -0
Kian,

I have been reading articles on your website for sometime now, but have never commented before. I would like to congratulate you for doing a brilliant job with this concept of your's. Legally Inida is the only reading material which provides informaton about all law firms from big to small and I hope you carry on with this holistic approach. Your website is the only way one can know about current happenings, lawyer transfers, new deals etc. And what is really commendable is your ability not to neglect the smaller firms.

Mr 240 you should go check up the definition of advertisement first before commenting.
Useless! 3 Jun 2011, 13:30
+1 -0
[quote name="NLIU Student"]Dear 240/253
For your information, the top rank from NLIU joined up at Platinum -clearly this is not for the want of options. The lawyer had numerous options open to her in India and abroad and chose Platinum. Says a lot about Platinum's prestige and the quality of associates.[/quote]

LOL you must be one of her favourite students going to your 4th year now. LOL. Got no work at your internship?
AS 9 Jul 2009, 10:34
+0 -0
240 - If there is anything in "very bad taste", surely it has to be your own post. I happen to know the lawyer in question and know that he wanted to come back to India. Your personal comment apart, I think its great that there's a website which publishes some authentic information about what is happening in Indian legal circles, rather than by word of mouth. And its hardly an advertisement for Platinum to say that they are expanding!
Anon 9 Jul 2009, 14:19
+0 -0
This is a good post. Although Platinum Partners is not a member of the big boys club, it is one of the more dynamic corporate law firms in India. Smaller, leaner firms, doing top quality international work deserve coverage since they are the future amarchand and AZBs.
Anon 9 Jul 2009, 14:25
+0 -0
247 here again - 240, why the hate? Those of us who know and have worked with Platinum as well as the lawyer mentioned in the article, know that Platinum is an excellent outfit and the lawyer in question is a top knotch lawyer. Don't know about you, but to my mind news about movement to and from the Indian legal market is always interesting.
Anon 9 Jul 2009, 15:41
+0 -0
Platinum is a top tier firm in terms of deals it does, even with a small associate base. Obviously the quality of the associates counts when a firm is instructed repeatedly on big ticket matters. As regards the personal remarks, I went to law school with "the lawyer" in question and I am not surprised that he has done well for himself - there was never any doubt really.
Anon 9 Jul 2009, 19:43
+0 -0
I could not agree more with 247 and 250. Platinum although relatively new is a top notch law firm working on some of the biggest and extremely complex deals taking place in India today. The quality of their partners is right up there with Zia, Cyrill et all. Platinum with its track record in the little time of its existence has taken the world of transactional law by storm. News about firms such as Platinum makes interesting reading.
Anon 9 Jul 2009, 20:16
+0 -0
Platinum's success is attributable to referrals from Freshfields and nothing else. Karam Daulet Singh worked at Freshfields and Nihar Mody is a very close friend of the head of the India practice at Freshfields. Karam and Nihar are good lawyers but are not in the same league of Cyril, Zia or even junior lawyers such as Diwanji and Sandip Bhagat.
The problem with comments on websites are that they are normally anonymous and it could very well be the case that lawyers from Platinum are themselves posting comments here praising themselves.
Give up 240/253 10 Jul 2009, 03:30
+0 -0
253 is "THE RETURN OF 240".....
An otherwise intelligent debate about the utility of news of transfers has been ruined by this person. Maybe 240/253 should offer themselves for public scrutiny and have everyone judge for themselves, why what they say counts.
NLSIU, Final Year 10 Jul 2009, 04:06
+0 -0
Dear 253, If law firms in India are not going to be working with law firms abroad, then is the work going to fall from the sky? It is credit to Platinum that fresfields and other firms in that league think it fit to work alongside a nascent firm like Platinum. Credit must go to the founding partners of Platinum for attracting big ticket deals in such a short span of time, however they may have done it, the fact remains that they are doing good work and their reputation has soared.

The comment about lawyers praising their own firms vide posts, well I dont think any practising transaction will have so much time or think it important to do so. I am student, so have all the time in the world.
NLIU Student 10 Jul 2009, 05:59
+0 -0
Dear 240/253
For your information, the top rank from NLIU joined up at Platinum -clearly this is not for the want of options. The lawyer had numerous options open to her in India and abroad and chose Platinum. Says a lot about Platinum's prestige and the quality of associates.
Mumbai Lawyer 10 Jul 2009, 06:30
+0 -0
Let us not forget that the Mumbai office of Platinum is a real powerhouse in M&A. Nihar Modi is an industry name and counts right among the top.
Guest 10 Jul 2009, 14:35
+0 -0
this set of comments shows how 'dog-eat-dog' the Indian corporate legal arena is... preliminarily i agree that 240's personal comment about Saionton was in bad taste, regardless of the quality of the lawyer or lack thereof... but i must admit the rest of the comments were in even worse taste and flavour as they were blatant bouquets for platinum partners... i suppose 240 was the one who started it so is to blame for allowing platinum guys to post responses which are understandably self-congratulatory! :-)

and Kian - thanks for the response to 240 and trying to maintain objectivity while reporting the news on this portal, thats the most we would ever want, thanks! and also, its refreshing to see that the comments are not being censored/ moderated...
240 back as 259 10 Jul 2009, 14:58
+0 -0
guys, 240 is relentless. Back as 259 now, trying to add an additional dimension and summarising the issue in a one sided way.Give up 240/259 - give Platinum a break.
Krishna 10 Jul 2009, 17:21
+0 -0
Maybe commenters should stop hiding behind anonymity?

http://www.whataboutclients.com/archives/2009/06/revisited_anony.html
Mumbai Lawyer 10 Jul 2009, 21:39
+0 -0
Glorification or no glorification, there is definitely something about Platinum Partners which is attracting so much attention. I being a practicing lawyer in one of the top firms in Bombay can say one thing for sure that after having worked with Platinum, there is no doubt that the quality of their work is comparable to some of the top international firms.

Please note that I have no vested interest in what I have said before. I do not really care what any firm does or the reputation it has. What I have written above is purely out of personal experience. What I also know for a fact is that when new firms make a name for itself in a short frame of time, the Big Firms (the one in which I work ) do get insecure quite often.
NLIU 11 Jul 2009, 18:58
+0 -0
Platinum has given a chance to several upcoming law schools by recruiting the best and brightest from there. NLIU annd NLU are recent beneficiaries. Those recurited gave up offers with many national and intl law firms to go work with Platinum. Clearly people like 240 are not able to digest that a new entrant can attract the best of the brightest.
Bebo 11 Jul 2009, 22:24
+0 -0
In my view, this report was no where close to being an advertisement, as 240 appears to think. Simply reporting a new development is not the same as promoting it. I did not come across a single line which remotely resembled an underlying promotional stint.

Also, I didnt find anything which suggested there was any great achievement in the new hires, all the report said was that the firm is expanding. And even if it were, whats wrong with that? I have read several other articles on the web about so and so coming back from US/London and joining so and so law firm in India as a partner or as an associate. And on second thought, how many firms in India actually hire only the creamy layer from top colleges in India? And if Platinum managed to do it, then it is an achievement in itself.

We all know that many lawyers who had been working with foreign law firms abroad have recently shifted back to India. While many were lucky to find jobs, others are still on the hunt. In tough times even small moves count. I also happen to know the lawyer in question and know that he was unaffected by the financial downturn and could easily decide not to come back, unlike many others who have been shown pink slips. Its really unfair to settle personal scores like this.

I enjoyed reading this story and would request Kian to please write more often about such developments, I for one want to read more about whats happening in the life of younger lawyers and smaller law firms.
Smriti 12 Jul 2009, 08:29
+0 -0
its high time anonymous commenting were put an end to - its most unfair just about anyone can insult those mentioned in the article without any rational discusion.
Ashish 12 Jul 2009, 09:53
+0 -0
This is rather awkward. Not a big fan of anonymous comments myself but then again, how gullibe do posters like 'Smriti' think the other posters are? Just because you type in an actual name does not remotely do anything to verify one's identity. You really want to make this legitimate, 'Smriti'? Well how about you type your full name, location and not address (in case you were planning to use that as an excuse not to give meaningful details), and occupation. Till then you're just spitting BS. And therefore so will I by giving you my name - Ashish. Pffft.
Response to Bebo 12 Jul 2009, 15:29
+0 -0
bebo, many lawyers in London have been affected by the financial downturn... [edited and paraphrased]

In times like these, sometimes (not always) its nothing personal- just market conditions.
Anon 13 Jul 2009, 16:54
+0 -0
The time at which the comments were posted gives away the location of the anonymous commentators. Interestingly both 240 and 253 seem to be foreign lawyers...
Baffled and bemused lawyer 16 Jul 2009, 12:02
+0 -0
To #278 - your comment is totally baffling! Is there a designated time (as per astronomical charts, perhaps?) at which to read and post comments on this website?! A person, whether in India or offshore, could check this website at any time of the day really! Confess now, are you an Aaj Tak copy editor in disguise?

As a general comment, Kian being the website's editor should come up with a policy on comments and then enforce it. Unless this is done, this website will also be headed the way of rediff.com.
Kian Ganz, editor 16 Jul 2009, 13:27
+0 -0
Dear Baffled and Bemused,

Many thanks for your feedback, I definitely see your point.

We currently have a policy on comments, which is set out in the "About" page accessible from the top menu:

"We want Legally India's message boards and comments to be a forum for open and inclusive discussion. Messages posted by readers are therefore generally not moderated.

However, please use your judgement before posting as we will try to edit comments that are offensive or overtly defamatory. If you are unhappy with a reader's comment please send us a short email about it and we will take a look."

Recent highlights of removed comments, apart from the blatantly defamatory, include one commenter cleverly pretending to be a founding partner of Platinum.

We currently still aim for a permissive commenting policy but we will keep evaluating and refining if the current system does not appear to work.

Please do keep letting me know your thoughts, always happy to hear from you.

Best regards,
Kian