AZB competition partner Rahul Rai chooses to ‘downgrade’ from partnership to counsel position

AZB partner Rai chooses to go independent
AZB partner Rai chooses to go independent

AZB & Partners Mumbai-based competition lawyer Rahul Rai, has announced internally that he would step down from partnership and take up counsel position at the firm instead (for now).

He focuses on several facets of competition law compliance, including merger control and and anti-competitive agreements and abuse of dominance. He also handles some trade disputes.

We understand from our sources that in the longer term Rai is looking to transition to becoming an independent arguing counsel.

Notwithstanding that (and although we have no information whatsoever that he is looking to move laterally to another firm), there continues to be high demand for senior competition lawyers at top Indian law firms, so calls from headhunters will certainly be coming in.

Compared to the competition lateral moves between firms in recent years, competition partners going independent has been rarer. But with supreme and high court senior counsel increasingly looking to get in on the competition action, there should be high demand (and fees available) for skilled arguing counsel.

We have reached out to Rai and AZB Mumbai managing partner Zia Mody for comment.

Rai had been promoted to AZB’s partnership in May 2017.

He is a 2007 NUJS Kolkata graduate, with a 2012 LLM from Stanford Law School.

Between 2007 and 2011 he had worked at Economic Laws Practice (ELP) in Delhi. When he returned from his LLM in 2012, he joined AZB in Mumbai.

Comments

Guest 8 Feb 2019, 16:53
+16 -20
No wonder. AZB's competition practice seems to be crumbling after NKU's exit.
EyeRoll 10 Feb 2019, 18:43
+17 -7
AZB competition team is a far better unit after NKU's exit. Both the partners have built a strong fortress in Noida and Mumbai, backed by a solid knowledge base.
Drum roll 11 Feb 2019, 08:40
+12 -0
Which partners are you referring to with ‘both’? Rahul Rai has resigned. That only leaves AZB with one competition partner Sameer. Wake up and smell the coffee.
Nku 12 Feb 2019, 19:52
+0 -1
Azb agrees and Zia sends regards
Sammy Boy 8 Feb 2019, 16:58
+13 -0
AZB Delhi competition team will always ensure no competition in Mumbai. History repeats itself.
Dualipa 8 Feb 2019, 17:10
+24 -1
[img]https://i.ibb.co/MZszJdF/0-DEC78-F5-7592-4811-A1-C5-075-E63-A8-F333.jpg[/img]
Senna 8 Feb 2019, 17:37
+6 -7
I thought 'Partner' & 'Counsel' designation were treated on the same pedestal !
AZB 8 Feb 2019, 17:38
+12 -0
There is a difference between an of-counsel and a counsel, and he has chosen the former!
Smoke Screen 8 Feb 2019, 19:37
+25 -3
Rahul has quit. Because of the optics of it, it is being put out he is a counsel. But his last day at work was 1 Feb! He is moving to Delhi.
Well wisher 9 Feb 2019, 04:23
+16 -4
The boy wanted to be in Delhi for so long. Good for him.
Burn out 8 Feb 2019, 21:33
+43 -1
More and more good lawyers are leaving azb on account of sheer burnout. Something needs to be done. Can’t keep making ppl work like machines 24x7.

Senior partner of competition law at azb is known to leave office at 6 and leaves his team to handle the heavy lifting. Rahul Is not the first one to bear the brunt of his boss’s absence at work.
SeeSaw 8 Feb 2019, 23:07
+10 -1
Forget all this. The most saught after position these days is of Head, L&D. Trust me !
AZB or CAM 9 Feb 2019, 05:12
+3 -0
I am keen to apply. Which Firm do you speak of?
Guest6thFloor 9 Feb 2019, 12:31
+4 -1
Good one SeaSaw. I guess you also received some Shiksha. I hope you are not jealous of him.
8.1 - you just missed the joke, so forget it.
Guest 9 Feb 2019, 02:39
+11 -2
He is a very smart lawyer and a nice person. Best of luck for future
Guest 9 Feb 2019, 05:16
+2 -5
RaGo in lieu of RaRa? Time will tell us! But competition continues....
Rumours 9 Feb 2019, 12:19
+1 -3
Raga doesn’t have a team to step into big shoes . Rumours are that [...]
deafaim? 9 Feb 2019, 12:08
+12 -0
why use the term "downgrade"? it is a change.
Grapevine 9 Feb 2019, 14:09
+2 -0
Conjecture has it that someone from Delhi competition team has been shown the partnership carrot to move to AZB house.

Three Rahuls are making news besides RaGa- RaRa, RaGo, RaSi.
Confused! 10 Feb 2019, 15:05
+0 -0
Who are RaGa and RaSi?
Guest 10 Feb 2019, 07:59
+4 -6
I must give it to Zia to manage the publicity around her Firm, both positive and negative.. whether its coverage of negative news, or reporting higher deal numbers, she just aces it somehow, despite not having any permanent staff or team to do the same.

Interesting to note that somehow Ajay does not get the same brand prestige association that Zia manages from AZB, despite Ajay punching above his weight for both deal numbers and values.
Edits 13 Feb 2019, 11:50
+2 -0
Why are comments on the issues between Rahul and Samir being edited? Poor Z is being blamed for nothing.
Truthseeker 22 Feb 2019, 11:28
+0 -0
Does anyone know how much they pay to a fresh college graduate on the competition team? Is it different for different area of work? Litigation or transactional, I mean?
Guest 25 Feb 2019, 15:44
+0 -0
13 lakh+ and 2 months' retainer worth of bonus - might be lower for other practices within AZB.
Huh? 26 Feb 2019, 19:49
+1 -0
If he has left for Delhi, why announce that he has agreed to downgrade himself? Or is this news deliberately planted by AZB? Why? Sheer malice?
Guest 2 May 2019, 13:04
+0 -0
[img]rahulrai[/img]