‘Bullish’ Khaitan moves to 350-seat office from Delhi to Noida • In Bangalore shifts to client WeWork with double capacity for 150

Khaitan new Delhi-Noida offices in Max Towers (via Max Estates)
Khaitan new Delhi-Noida offices in Max Towers (via Max Estates)

Khaitan & Co has moved into a managed offices in Bengaluru operated by its client WeWork, with a seating capacity of 150, which is nearly double its current local headcount; in the National Capital Region (NCR) it has relocated to a state-of-the-art but more traditional office space in Noida from Delhi.

However, despite WeWork being known for providing flexible seating and co-working arrangements, the move to a WeWork-managed space in Bengaluru by the law firm predates the Covid-19 crisis and the firm’s decision that everyone will by default be working from home until the end of this year.

The same is the case in the NCR, where it has moved into the Max Estates-owned Max Towers property, which is near the Noida Sector 16 metro station, and between three flyovers (DND Flyway, Dadri Main Road/ Noida Expressway, and Amaltash Marg).

Amar Sinhji, Khaitan & Co executive director for human resources (HR), said: “Relocating to a better and bigger space in both Delhi and Bengaluru was on the cards for a while now, given our steady growth and our commitment to provide a modern working environment to our members and clients.”

“This move is a significant milestone in our long-term expansion plans in India,” he said. “We are very bullish about our future in Bengaluru and Delhi and hence have planned for almost double the existing capacities.

“We foresee steady organic growth in both the cities with an expansion of our current client base and the growth of some of our niche practices.”

Delhi to Noida

In the NCR, the move to two floors in Max Towers (see picture above) gives Khaitan total seating for 350 people.

This is in addition for capacity for another 138 clients and visitors in spaces such as conference rooms, etc, plus space for another 20 in the basement.

That is space for more than another 100 staff in the NCR region, where Khaitan currently has a total headcount of 240, including 188 lawyers and 53 non-lawyers providing support and other services.

Managed Bengaluru space

Marketing image from hip WeWork Embassy Quest location in Bangalore Richmond Town (via WeWork website)
Marketing image from hip WeWork Embassy Quest location in Bangalore Richmond Town (via WeWork website)
In Bengaluru, the WeWork India property is its so-called Embassy Quest location in Richmond Town (which is owned by the Embassy Group real estate giant, as all of WeWork India’s local operations).

Khaitan was paying WeWork for a full seating capacity of around 150 members in the office (rather than only having an option to scale up later), confirmed Sinhji, which was “almost double our current member strength of 80, to account for steady organic growth” in Bangalore.

The deal had been in the works for nearly two years and was not at all related to Covid-19 (or its announcement last month that it would make working-from-home the default option until 2021).

That said, in a report by Moneycontrol about Khaitan’s move, the ability to easily scale up further (especially since the space is fully managed) was also part of the rationale. Bangalore-based senior partner Rajiv Khaitan had said: “The nature of the workspace required by law firms has been evolving over the years, and the needs have particularly changed during this global pandemic. WeWork’s unique ability to provide fluid, flexible and managed workspaces made the decision to partner with a leader such as WeWork an easy one.”

Currently Khaitan has 77 staff in Bangalore, including 55 lawyers (including 12 partners), plus 21 non-lawyer “shared services” staffers.

The average age of staff at the office was a young 34, Sinhji confirmed.

Perhaps that is in line with WeWork’s well-known branding as a hip young workspace with lots of amenities for its tenants (even if the company itself may have struggled in ensuring any profitability in its breakneck expansion and having faced a global working-from-home pandemic where physical office spaces have increasingly become optional).

Comments

Typo 1 Sept 2020, 07:08
+2 -1
Typo, Kian, it should be "..default option until 2021"
kianganz 1 Sept 2020, 14:55
+0 -0
Thanks, corrected!
Alias 1 Sept 2020, 07:23
+16 -0
The equity partners must be really cursing these decisions now
Le 1 Sept 2020, 13:03
+5 -0
Khaitan would be paying lesser than what it paid for its CP office by at least 20-30%
Guest 1 Sept 2020, 07:30
+0 -0
LI's coverage of Covid's economic impact: "Nothing to see here, all is well."
Guest 1 Sept 2020, 07:36
+4 -2
Kian, the real story here is whether co-working spaces are good for law firms. You should do a story on how many law firms are opting for this model. Other than WeWork, there is also an Indian co-working company called 91 Springboard.
WeWork 1 Sept 2020, 08:21
+1 -0
Why would they be bad particularly if the law firm in question is in an exclusive space cut-off from the other occupants?
Guest 1 Sept 2020, 08:38
+4 -4
Not saying it's bad, but co-working buildings may not fit in with the "formal" image of some law firms. These buildings are mostly occupied by IT startups where young people come to work in jeans or shorts, talk loudly and casually in the lift etc. If you are a law firm advising IT startups then you can comfortably invite clients here. But not if you have a client from a traditional company.
Kco Ka Baccha 2 Sept 2020, 05:42
+10 -0
have you seen the gentry in Ashoka Estate , CP?
KCO Ka Baccha 2 4 Sept 2020, 06:15
+2 -0
Better than a building with ancient infrastructure and zero fire safety norms. Multiple instances of fires in Ashoka Estate and random evacuations. Good exercise tho.
PBP 16 1 Sept 2020, 12:51
+13 -0
Isn't Trilegal also squatting out of WeWork? Aligns superbly with the Messiah complex of its partners uwu
Querist 1 Sept 2020, 07:55
+2 -0
What does a three year KCO partner make? Any insights?
Insightist 1 Sept 2020, 10:26
+46 -1
Above-average drafts, doodles, PJs.
Oh. And doodles.
KCO 1 Sept 2020, 14:12
+1 -6
i guess above 1.5 cr
RedomonD 1 Sept 2020, 16:55
+0 -6
It should be about 3 Cr if in corporate with bonuses.
Bonus 1 Sept 2020, 08:02
+34 -1
Luthra please give us our bonuses. See other firms are shifting to better office spaces and we are still struggling for our payments of last year
WHAT? 1 Sept 2020, 11:24
+4 -1
Luthra hasn't paid its bonuses yet????
looterian 1 Sept 2020, 12:23
+19 -0
No because the Bentleys (first AND second hand ones), Beemers (first AND second hand ones), Prados and the farm house, bikes, cigars, single malt, mountain house payments havent been made yet. First those then the slaves get paid. Charity begins (and ends) at home!

Keep slogging away.
bent 1 Sept 2020, 14:46
+6 -3
Which partner owns a Bentley??

Kian, perhaps you should do a story on the fancy wheels owned by the Elite Partners!
Name666 1 Sept 2020, 18:23
+3 -6
You were the one who opted for the corporate life and knew how it would pan out. Don't vent your frustrations here in the comments section. Keep your head down and work hard, otherwise approach a court for appropriate relief
wut 6 Sept 2020, 07:55
+0 -0
Either approach the court, or shut up? What messed up logic is that?

Why is a person not allowed to be frustrated with the way things are?
Saamna 4 Sept 2020, 09:27
+0 -0
No, because their Sr. Partners are busy posting nonsensical stuff on Facebook when they should be listening to the woes of those who toiled away so that they could get their Macs and Ipads.
Paid 5 Sept 2020, 09:38
+0 -0
They have paid bonuses now. Today we got the amount. But no update on increments though. I feel management should update on whether they will distribute increments or will defer it.
|-|5A - Retainer 1 Sept 2020, 14:26
+8 -0
Hamar sunba na....
+1 2 Sept 2020, 08:02
+1 -0
The top rated comment on KCO shifting offices is this comment. Someone please show this to the powers that be at L&L. Stop the infighting folks and release the payouts for last FY. Else there wont be much left to fight over.
+1 7 Sept 2020, 15:49
+1 -0
Received in full. 100% bonus. Yay me.

Jokes aside, genuinely and pleasantly surprised that L&L paid out bonuses in full.
JSA 3 Sept 2020, 06:12
+1 -0
JSA fellows are with ya
Associate 1 Sept 2020, 09:43
+13 -0
@JSA - Yaar hum log ka bhi de do.
AZB sahib 2 Sept 2020, 12:04
+18 -1
Even AZB has not paid any bonuses till now.
AZB Insider 3 Sept 2020, 17:45
+1 -12
Delhi got their dues. Seems, you work in punching headquarters.
JSA Bonus Conundrum 3 Sept 2020, 05:57
+0 -0
@JSA -

1. On a serious note: They usually pay bonus before the retreat, which is usually August/ September. No official announcements have been made about any deferments, but the word on the street (read broadband/spectrum) has been that it is being deferred. Some people have tried to guess the breakup of deferment – but that’s purely guess work. Only solid news seems to be the deferment.

2. On a funny note: As a trick scenario, the firm can always say that “as always, bonus will be paid right before the retreat” ;) – And then we all look forward to the 2021 retreat.
Aila 1 Sept 2020, 10:32
+15 -4
While there is always debate on quality of work product at Khaitan (depending on team), but I feel it has the best media facing HR manager. Like Ever!!! Just reading the Press release I feel ache din is back.
NLU 21 1 Sept 2020, 14:39
+3 -1
Hoping this means more recruitment for those graduating next year. We haven't had our Day Zero yet, panic is building.
Hmm 2 Sept 2020, 09:37
+1 -0
Not necessarily. Filling seats doesn't bring in mandates or allow for reverting to pre-covid hourly rates. Word is that even KCO now has to undercut their own prices by an (un)healthy amount to generate work. Hiring is going to be very slow for a while
Why 1 Sept 2020, 15:05
+0 -1
The rationale for the move is lower real estate prices. They are a little depressed now as opposed to pre pandemic. It is just like the shares. If you had taken a chance and invested, you could get a little better returns than normal.

I am sure this move is for a considerable period and the price and escalation locked in.

It is taking advantage of the current situation - that's it. Wise commercial move.
Fact 1 Sept 2020, 17:00
+5 -0
This is incorrect. We knew we were moving to Max Towers almost 9 months back. Initially, we were looking to shift in May but due to lockdown this got extended.
9th Floor 2 Sept 2020, 04:03
+3 -2
But why Noida? From the posh central Delhi address to the middle of nowhere? Maybe they are finding all avenues to cut costs...
New building 2 Sept 2020, 09:04
+0 -0
Newer work space maybe, compared to the creaky buildings
Abh2001 1 Sept 2020, 21:42
+1 -2
LL still using their traditional ladle to avoid payment of bonuses and increments. Ab Toh dedo!!
Oxygen 1 Sept 2020, 23:38
+6 -0
We moved to co-working space well before COVID
Landlord 2 Sept 2020, 05:50
+8 -0
KCO will start renting out space to boutiques
Ex KCO 3 Sept 2020, 06:11
+0 -1
do they even have enough work and "client base" to expand so much?
Big 6/7 - WFH 3 Sept 2020, 06:28
+7 -1
@Kian - Do an article on WFH and the issues we (S/P/Assoslaves) are facing. Do anonymous interview or something (I can participate). But you need to do this. All those happy articles about how managing partners/ partners are doing well, Assoslaves / teams rising up to the challenge is good. But this has taken a unique toll on Assoslaves. I literally know a guy (very well balanced before COVID) for whom I am scared now. This (WFH) is becoming a nightmare.

The partners think they own their associates’ asses.
They are getting crankier (way beyond what they usually used to).
They think everyone is having is easy, sitting at home, idling, doing nothing. They are the only one working in their team.
They are depressed due to the lock-down and the unique challenges posed by it – teams understand that. But they absolutely refuse (stonewall) to understand that they are not the only one facing the situation and subject their teams to excessive shouting/ humiliation.
Constant nagging and cribbing.
Constant shouting/ humiliation, way beyond the ‘accepted’ standard shouting/ humiliating.
This is just a gist – the list is endless.

I know it's not true for all teams/ partners, but the ones who are facing this issue (even a conservative guess would be 25-50%) are really frustrated.
PartnerView 3 Sept 2020, 16:35
+2 -1
Look. If someone is not cut out for this line of work, they should find something else they are good at.
Agree 3 Sept 2020, 20:36
+0 -2
Agree. Goes for all lawyers As to Ps. Cant slog it, get out. Cant behave under pressure, get out.
Thepla 3 Sept 2020, 19:50
+5 -1
Maybe this happens at Boutiques with no transaction or quality work?
PattyCake 4 Sept 2020, 00:26
+2 -2
If your work product was up to the mark, your partner would not have any reason to scream at you.

Your sense of entitlement is evident. Your partner is trying to ensure that there is enough work for you so that your existence can be justified and your sorry ass is not tossed out. Trust me there are many out there who need jobs. No one is irreplaceable.

WFH does not mean you goof off playing PUBG. You're getting paid to sit your ass at home because your employer cares about your safety so be appreciative of that.

Grow a pair and stop whining. You're lucky to have a job in these troubled times.

Now get back to your proof reading.
FAU-G 4 Sept 2020, 20:22
+2 -0
PUBG is banned in India. Maybe not in Banglur.
Wandering 4 Sept 2020, 08:27
+0 -1
What is the KCO hiring process like at the higher levels? Anyone? What is the work environment like in Mumbai and Delhi?
Environment 4 Sept 2020, 19:19
+2 -0
Tea or Coffee is a part of the package. Once a week Marie or Parle G or Monaco along with Tea or Coffee. Green Tea or Coconut water for senior partners.
Evangelist 5 Sept 2020, 03:20
+5 -0
Dear Kian - it would be refreshing if you actually analysed the news and not merely reproduced whatever Amar Sinhji says.

The true import of this shift is quite obvious. Delhi to Noida means lesser rents. Bangalore-WeWorks means much lesser daily rentals and probably offset with part of the WeWork-KCO retainer.

If that be the case, what is all this bakwaas about being "bullish". You are bullish about the future if you buy office space, not if you take daily workstations from WeWork. That in fact, is the distinct sign of being pessimistic about the future.

Please analyse and don't merely reproduce.
coworking 5 Sept 2020, 05:27
+1 -1
Tea, Coffee, and air borne cookies are free at wework. Less administrative costs as well along with music and extra activities, including yoga is free.
Quality of work will suffer.
insider luthra 8 Sept 2020, 05:43
+0 -0
there are few PUBG players in our comp team too! no matters what we remain working from home with sword hanging on our head. All the old home grown lit partners have earned enough for their retirement. Please let other people grow now at least.