Shardul Amarchand promotes 16 to non-equity partner in bumper crop [UPDATE-2]

Three SAM managers welcome 16 new partners
Three SAM managers welcome 16 new partners

Shardul Amarchand Mangaldas has promoted 16 to its partnership, and internally announced the promotion of ex-Cognizant Anand Bhushan as a partner to head up its Chennai office, as was first reported by us on 4 July.

Update 19:33: Shardul Amarchand’s press release has now arrived and it states that after the new promotions Shardul Amarchand is now 85 partners strong:

Executive chairman Shardul Shroff commented in the release: “After the establishment of the firm last year, the partner selection process has been made been participative and broad based. Several rounds of evaluation and discussion by the management board of the Firm were undertaken before such announcements. We are exploring both organic and inorganic growth opportunities as part of our growth strategy and the recent round of promotions recognizes our internal talent.”

Mumbai region managing partner Akshay Chudasama added in the press release: “The broad based selection of these young partners, by the partners of the firm and management board has been truly democratic. The strategic focus on quality rather than quantity is indeed inspiring new young partners inducted to the partnership of the firm.”

Delhi region managing partner Pallavi Shroff added in the statement: “The 16 initial internal promotions reflect our investment in our people and help us make the firm a stronger, dynamic and successful institution. We wish great success to our young partners in their careers.”

Only two of the 16 promotions were not in Delhi, as two corporate principal associates were elevated in Mumbai.

Corporate also made up the largest chunk of promotees, at 10, followed by three new dispute resolution partners in Delhi.

The new non-equity partners promoted today are:

Corporate Delhi

  • Anu Susan Abraham
  • Avnish Sharma
  • Divi Datta
  • Ekta Gupta
  • Kanishk (NUJS Kolkata 2007, been at Amarchand since graduation)
  • Natashaa Shroff (UCL, University of London, 2005)
  • Promode Muruguvelu (NUJS Kolkata 2006, joined in 2010 from Tatva Legal)
  • Pooja Ramchandani (ILS Law College 2002, employment law head, joined from Mulla & Mulla in 2004.)

Corporate Mumbai

  • Anuj Bhasme (had joined from JSA)
  • Roopal Kulsrestha (GLC Mumbai 2007, corporate, Mumbai, joined in June 2015 from JSA, )

Dispute resolution Delhi

  • Akhil Anand
  • Binsy Susan (NLIU Bhopal 2005, joined in 2009 from AZB)
  • Ila Kapoor (LSE, London, 2000; Cambridge LLM 2001; joined in 2014 from Kelley Drye & Warren)

IP & tax Delhi

  • Charu Mehta (intellectual property)
  • Muzammil Husain (Bachelor in Technology, Electronics, Comms, Jamia Millia Islamia 1999; intellectual property; Jamia Millia Islamia, 2004 MBA; 2004 post grad diploma in IPR from Indian Law Institute; 2010 MMH College Delhi LLB, joined in 2006 from PatentMetrix)
  • Sandeep Chilana (CLC Delhi University 2005, tax, joined in 2008 from Chilana & Chilana Associates)

Anand Bhushan now confirmed to head up Chennai

In an internal email to the firm, the firm’s chairman Shardul Shroff said: “We have great pleasure to also inform you that we have appointed Mr. GV Anand Bhushan as a partner and head of our Chennai office. Anand was the GC of Cognizant Technology Systems and was in charge of 70 lawyers across AsiaPac. He has already joined the firm on the 1 st of July and has immersed himself in the selection of our permanent office and its planning and furnishings.

“We wish him loads of luck for his new task.”

16 promoted as Anand Bhushan joins SAM from Cognizant
16 promoted as Anand Bhushan joins SAM from Cognizant

Update 19:18: In a press release Bhushan commented: *“*We will be able to offer significant value to clients looking for solutions in corporate advisory, M&A, private equity, intellectual property, real estate and technology laws. The values and ethos of the firm resonates with my personal outlook and I look forward to working with my colleagues in the firm.”

Read our earlier story on Bhushan’s joining.

According to the press release:

After managing his own firm of Bhushan & Rajaram for 4 years, Anand joined Cognizant Technology Solutions as general counsel responsible for legal, compliance, Government affairs and as a member of the board of Cognizant APAC. He was honoured as the General Counsel of the Year 2014, as an innovation champion for introducing innovative leadership and processes by Cognizant as also further awarded for his outstanding contribution for the growth and development of Cognizant Technology Solutions. He was responsible for managing 70 lawyers over multiple verticals in APAC and North America.

Shardul Shroff, Executive Chairman, commented that “We are delighted that Anand is joining us after a more than 9 year stint in Cognizant. He brings with him tremendous knowledge of legal issues in the technology sector and special contracts besides his skills in managing a vast legal department. We look forward to him strengthening our Technology practice. I am confident he will be a big asset to the Firm.”

To be updated

Comments

Solid 16 Jul 2016, 13:28
+11 -19
Solid partner promotions. Each of them have proven themselves.
Gas 16 Jul 2016, 15:12
+33 -9
Each of them has proven itself. Hahaha.
Cronies posting lol
Cammie 16 Jul 2016, 13:37
+28 -9
Classy that Natashaa Shroff makes partner without any fanfare. Well deserved! Sam is building and promoting, CAM is losing and bleeding. Oh brother!
Hmm 17 Jul 2016, 10:45
+10 -0
Wait, so when she eventually does get equity, will it be from the 40% family equity pot or from the remaining share?
Hot Potato 16 Jul 2016, 13:39
+31 -7
I am a partner. You are a partner. Everyone is a partner.

So much for business case
Scammie 16 Jul 2016, 15:27
+7 -1
Just you wait Mr. Higgins, Just you wait!
Vengeance will be mine!
This isnt fair lady 16 Jul 2016, 15:44
+4 -1
You'll be sorry but your tears 'll be too late
You'll be broke and I'll have money
Will I help you? Don't be funny
Just you wait, henry higgins, just you wait
Alias 16 Jul 2016, 13:40
+7 -4
Kian: do you pay your informants? If so, how much is the going rate? Otherwise what incentive would a SAM insider have to share an internal email with LI, within minutes of it being sent. More so, when SAM would have anyways sent a press release in due course! Also, how did you cultivate such spies? :)
kianganz 16 Jul 2016, 13:47
+11 -7
I think informants inform because it's a nice thing to do. Also, what's the harm in leaking something like this? :)
Alias 16 Jul 2016, 17:10
+8 -14
The harm in leaking is the act of leaking itself, and what is being leaked is irrelevant.

In my personal opinion, it's unethical and unprofessional. It should be firm's decision to decide on timing and contents of the release, should they decide to do a release. Besides, I am sure it would be in breach of most firm's IT and ethics policy.

I am surprised that you don't find anything wrong about this (with a smiley) considering that you otherwise seem to be a principled journalist :).
HaiHai 19 Jul 2016, 08:14
+0 -2
The bacchhas (attempt to) strike back!
Udta Sammy 17 Jul 2016, 09:08
+8 -3
Leaking this is like leaking udta punjab print online just before release.
Filtered comment 16 Jul 2016, 14:02
+2 -5
Or may be this is a press release from SAM and not a leak?!
kianganz 16 Jul 2016, 14:59
+10 -3
By the way, for those readers still up on a Saturday, Luthra & Luthra promotions are being announced tonight also. If any kind Luthra readers want to leak, please feel free to send anonymously here: http://www.legallyindia.com/Non-editorial/contact-us
Wtf 16 Jul 2016, 16:44
+4 -3
What about equity?
NALSARITE 16 Jul 2016, 17:04
+14 -13
Congrats Binsy ma'am. It was nice working with you.
Mast Bhindi 16 Jul 2016, 17:54
+7 -3
No wonder SAM is having a party in Delhi tonight!
Dum Aloo 16 Jul 2016, 19:01
+2 -4
Party is a double celebration. For CAM heavy weight exits and for SAM internal promotions. Big brother is truly blessed.
Remote 16 Jul 2016, 19:05
+35 -4
Natasha took 10 years to make partner? And Risabh took how many!
Year of graduation 17 Jul 2016, 04:58
+5 -8
Interesting to see that SAM hasn't made up partners for the fear of losing people. They have stuck to a 2007 or older graduation date.... Sends a strong message.... And thank god no partner designates!!
old fogey 17 Jul 2016, 19:08
+3 -1
jealous much. That was the only way some of these new lot could have made partners.. seniority...
alas 17 Jul 2016, 08:53
+3 -3
Why is Akhil Anand not in bold.
Alias 17 Jul 2016, 08:57
+8 -2
Who is this Divi Dutta?
Associate 18 Jul 2016, 07:32
+0 -1
Divi Shah...
Alias 19 Jul 2016, 03:36
+1 -1
Huh? Who is she?
Curious onlooker 17 Jul 2016, 12:51
+3 -0
Do any of them have any clients at all or will they just be glorified PAs? Just wondering...
Sultaan 17 Jul 2016, 13:03
+30 -1
Honestly, salaried partners are pretty much all glorified PAs, but there's a designation inflation because somebody else is offering that designation. Like PAs, they can execute deals on their own, and probably have one or two loyal clients, but not enough of a book to be partner in the equity sense. But give them a few years, and they'll get there (or some of them will, and the others will leave).

It's still a recognition of value because of everyone who wanted to be partner, these were the ones who were chosen. If the process was truly democratic and meritocratic, then these partners deserve all the congratulations they get.
Jury 18 Jul 2016, 09:02
+4 -0
Why so much hype about Bushan joining
Bushan Rajaram 18 Jul 2016, 16:54
+4 -2
He is from Dr. Ambedkar Law University in TN.
Incognito 18 Jul 2016, 10:53
+5 -1
What is Iqbal Khan up to?
Guest 18 Jul 2016, 12:11
+3 -1
He is up for equity on Diwali
Guest 20 Jul 2016, 13:56
+1 -0
Is SAM going to recruit heavily now, given the new books that each of the partners will be opening?
Chamcha 22 Jul 2016, 08:18
+0 -0
SAM Mumbai partners have persons already.
Chintoo 20 Jul 2016, 14:25
+1 -3
The amount of spin on these 'promotions' makes me nauseous.

There was a time when becoming a partner meant a certain level of skill, of knowledge and a reputation among clients and peers.

Now Look at these blokes. The best of them are average, they have no clients or any particular reputation. Till yesterday they were at their desks 10 hrs a day giving grief to an A0 or A1. And the worst of them would not get employment under an assumed name.

Pathetic. I think Kian is at fault for going overboard on these announcements that gives young lawyers the idea that this is something cool to aspire to.
the seeker 22 Jul 2016, 09:53
+0 -0
a case of sour grapes?
the seeker 22 Jul 2016, 10:03
+2 -0
Please dont get offended at the drop of a hat.

You seem like a disgruntled Associate from a Tier 3 Law firm who has always had this secret ambition to make it in the BIG LEAGUE.

Alas, now you have made it big by calling names.

To each his own, the promotions are well deserved and the bunch from Mumbai Corporate had drifted(rather joined) just last year from JSA.

If they have made it big in a span of one year, then it really means something.

The 'blokes' you talk about have hardly crosssed the 'ripe' age of 35, while people just shy of touching 40 are cooling their heels being a Senior Associate. You can assume experience with age.

They have proved their mettle and righly belong here.
Scott 22 Jul 2016, 11:24
+4 -1
Chintoo - All said and done, no Tier 1 firm makes a partner unless they know that person has certain qualities (either great at leading execution or bringing business or creating a new practice area). So lets give them credit. Yes, they may not be as experienced or as big a rain-maker as the equity partners, but then that's why they are salaried partners. If they can reach that level, they will be elevated to equity also. If somebody has been made a partner after 8/9/10 years, give them kudos dude as only we know what it takes to just survive in these firms for that many years. Then to get noticed, continue your performance at a certain level, keep your clients happy, bosses happy, juniors happy, and be promoted to partnership is an achievement.
PO1 23 Jul 2016, 05:43
+2 -0
dear Scotty

Is becoming a partner is a 'natural' progression / consequence of having "successfully undergone 7 years of suffering at a law firm. Last I checked it was based on ability, leadership, clientele. At least that's how it used to be till 2006-2007.

Somewhere after that the top firms lost the script and in a frenzy to boost partner numbers started to promote anything that could quack. I don't have to get into specifics but 75% of the "partners" made in the last 4-5 years are mediocre grad who are good for copy-paste, "will get back to you", rag-the-new-A0 and "battle for indemnity clause" types who are good pretty much for either carrying a laptop to a meeting or taking dictation or doing a copy-paste job. I don't think any objective person would put these duds in the same boat with Umakanth or Essaji.