30% of ALMT Mumbai to depart with senior partner Hitesh Jain, destination TBC [CORRECTION, UPDATE]

Hitesh Jain is off to pastures new after 12 ‘wonderful’ years
Hitesh Jain is off to pastures new after 12 ‘wonderful’ years

Long-time ALMT Legal senior partner Hitesh Jain is set to leave the firm after 31 March of this year, taking his team of 28 fee-earners, including two salaried partners, with him.

He will be joined by partner Subhash Jadhav is focusing on civil & criminal litigation, general dispute, matrimonial dispute, property & real estate, while partner Pooja Tidke specialises in disputes.

Jain commented: “After a wonderful journey of 12 years at ALMT, I have decided to resign and pursue my career interests.”

He added that he was still finalising his next steps, but would likely make an announcement in the coming days.

Correction: We have been informed that total headcounts at ALMT Legal after Jain’s departure is 58 in Mumbai, and 47 in Bangalore. In Mumbai, there are 4 equity and 4 salaried partners, while in Bangalore there are 5 equity partners and 6 salaried partners.

Jain’s departure will reduce the total partnership headcounts at ALMT Legal from 22 to 19. His team, at nearly 30 fee-earners, is also the single biggest in the firm, which will reduce total headcounts across Bangalore and Mumbai, to around 105.

We have reached out to ALMT for comment.

Update 26 March 2018: ALMT co-founder and senior partner Sameer Tapia commented: “We wish him the very best - he has other aspirations which he wants to pursue. It’s been a great innings together.”

He added that the “firm continued to be a full service firm” in Mumbai, with Aliff Fazelbhoy heading up corporate commercial and tax labour and employment, Chhaya Virani heading property and real estate, Statira Ranina doing corporate commercial and tax, and Ryna Karani doing corporate, banking and finance. Tapia himself did corporate disputes and dispute resolution, he said.

“It has historically been a traditional partnership,” Tapia explained, and said that Jain leaving would not affect profitability of the firm, but declined to comment further.

Jain revenues at his practice consisted roughly 50% of disputes work, with the remaining 50% being made up of media and entertainment, white collar crime, real estate, and corporate commercial.

Jain had joined ALMT in 2006 from Udwadia & Udeshi. He holds a 1995 LLB from SLS Pune, and a 1996 LLM from the London School of Economics (LSE).

In 2010 we had followed Jain for several days in his ultimately unsuccessful bid for election to the Maharashtra and Goa bar council.

Comments

Sabkepitaji 24 Mar 2018, 13:14
+3 -4
Something real big is brewing man. Expect huge disruption in the market. If KIAN is a good boy he will land the scoop. Stress levels of the managing partners of big law firms will escalate.
Dude! Come on! 24 Mar 2018, 15:48
+1 -3
Media and entertainment practice? Eh, are they joining Naik Naik & co. ?
Clasis 24 Mar 2018, 16:57
+1 -4
Clasis Mumbai has no corporate practice. May be he is headed there?
Yuuuuge! 24 Mar 2018, 17:03
+5 -2
This is big!

What's left of the disputes practice at ALMT Mumbai???
FCm 24 Mar 2018, 18:21
+0 -0
ALMT were struggling for quite a while now.
Hitesh Jain's appearances on tv debates also became infrequent recently!
Nnco 24 Mar 2018, 19:02
+3 -3
Naik for sure..
ladyfinger 24 Mar 2018, 19:20
+2 -5
This wasn't as big a 'scoop' as you made it out to be kian. Unless its Amarchand related, the world doesn't care [i]that[/i] much :P
Middle Finger 25 Mar 2018, 16:19
+10 -0
There are some exalted souls who think that even if someone in Amarchand farts, its "breaking" news.
CAMee 25 Mar 2018, 04:40
+2 -2
Who cares?
Subscribe 25 Mar 2018, 10:50
+2 -0
Kian, if this is the kind of scoop that you want to unlock earlier for subscription, it's not worth becoming a subscriber.
kianganz 25 Mar 2018, 13:26
+2 -1
We're intending to put all sorts of scoops, and even non-scoops, up for subscribers first.

I'll try to add some more context to the story, because this is actually quite interesting news and an interesting firm. Founded in 1996, ALMT is one of the longest-running of the new generation of law firms, but the only founding partner left is Sameer Tapia.

Here's some more background:

https://www.legallyindia.com/201209203125/Law-firms/altm-co-founder-ananjan-mitter-retires-to-start-business-leaving-only-t-of-founders
Sil Vous Plait 26 Mar 2018, 11:31
+1 -0
Kian can you do more stories of most law firms and legal guys in various companies. Getting bored of same same law firms and same same people. General observations. Merci
Pankaja 28 Mar 2018, 09:41
+4 -1
big set back for ALMT
Chetan sharm 28 Mar 2018, 09:44
+0 -1
I think we need to hear all sides of the story.currently not the case
Guest 29 Mar 2018, 12:06
+3 -0
Watershed moment in almt history