Former AZB & Partners Delhi capital markets partner Madhurima Mukherjee Saha had joined J Sagar Associates (JSA) in June 2020 as an independent senior consultant.
Now, around nine months later, she has been offered and has accepted equity partnership at JSA, effective from 1 April.
Mukherjee said in a statement, that starts out perhaps more candidly than the typical press release: “When I quit last year, I thought I am done with law firms.
“But working as a consultant showed me how JSA follows international best practices, is equitable at every level and creates a very supportive work environment.
“The partners here have been exceedingly warm and welcoming. Bankers, our primary clients, only had words of praise for Arka and team.
“So, I was finding it more and more difficult to find reasons as to why I should not be doing this fulltime again. I am very excited to be formally part of JSA.
“We have identified and hired a highly skilled team, who will be supporting us out of Delhi and adding to the bench strength of Mumbai. I am confident that together we will provide the best legal support to our clients.”
In turn, JSA noted in its release: “We believe she will add value to JSA’s already strong market presence, with her years of experience and reputation. She will be based out of Delhi and will be consolidating the practice with Arka Mookerjee, our partner based out of Mumbai, for a nation-wide practice.”
The 1997 NLSIU Bangalore graduate had joined AZB Delhi in 2014 after having started and grown L&L Partners’ / Luthra & Luthra’s (erstwhile?) capital markets practice since 2006.
Before that she had been at what-was-then Amarchand Mangaldas Delhi as a partner in its capital markets team.
AZB Pune-based capital markets partner Richa Choudhary had joined Trilegal last month.
Comments
While she's warming up to the JSA system, wonder what will happen to the existing set up in Mumbai?
Execution will be a key challenge for her. Understand that most of her previous team is joining, so let's see if she lives up to her reputation without the AZB branding.
So what's left of the AZB capital markets team and whats their plan? What about execution of the current AZB transactions? This seems like a set back not only to AZB but the clients who trusted them too.
[...].
her leaving is a big setback for AZB. Anyone who thinks otherwise is in denial.
Why everyone from Delhi and Pune are leaving? Why people don't want to work in AZB Cap Markets?
If you add a stressful team set up or unhelpful firm policies or a boss who isn't supportive, you're going to get mass resignations every now and then.
[img]https://media2.giphy.com/media/crnbjSu9GNSKiOMIGm/200.gif[/img]
Unfortunately, a bit more clarity on how much and who is eligible would be appreciated.