CAM Mumbai partner Nikunj Maheshwari joins AZB as banking partner

Nikunj Maheshwari joins AZB Mumbai banking team from CAM
Nikunj Maheshwari joins AZB Mumbai banking team from CAM

AZB & Partners has hired Cyril Amarchand Mangaldas (CAM) Mumbai partner Nikunj Maheshwari in its banking and finance practice.

He had resigned from in May and will be joining AZB with effect from 1 August.

The 2008 Symbiosis Pune graduate had worked at what-was-then Amarchand Mangaldas since 2012, and became partner in 2018.

We have reached out to Cyril Amarchand for comment.

Maheshwari had not responded to several requests for comment since last month.

Comments

C Wing 29 Jul 2019, 10:06
+17 -4
Woah! Didn't think Nikunj would stay back in PCP after the exit.

By the way, he's a great senior to work with and one of the chilliest dudes I've met. Good luck with the new stint Nikunj :)
Chai Point 29 Jul 2019, 11:34
+6 -10
Where will he go... there are limited options.
Viswanathan has sent his regards !
Guest 29 Jul 2019, 16:39
+12 -0
Actually, say what you want to, but in this case, Zia sends her regards..
Red mirch 29 Jul 2019, 12:04
+9 -9
'Chilliest' - ever thought of buying Rapidex?
Rapidexxed 29 Jul 2019, 15:13
+5 -0
[img]https://media0.giphy.com/media/HOHc63ryfAyI/200.gif[/img]
Attory 30 Jul 2019, 09:56
+1 -0
Did it help you?
Red mirch 31 Jul 2019, 12:40
+7 -0
The comment was in response to the first comment on this thread and not pointing towards Nikunj. Unfortunately, it showed up as a new comment. Nikunj bhaiya ki Jai..
CAMmie 29 Jul 2019, 15:33
+16 -0
Gem of a guy. Very humble person but sharp mind. Great catch for AZB
Huh 30 Jul 2019, 05:41
+12 -0
Whattt. Its shocking!! I remember him as one of the nicest people in CAM. There is something rotten if cyril is not able to retain people like him. All the best nikunj
Guest 30 Jul 2019, 06:17
+8 -4
What exactly does a ‘banking’ practice in India cover? There’s no syndicated loan market, everything else is project finance or capital markets so what does a banking lawyer do?
Kuch Nahi 30 Jul 2019, 08:52
+21 -5
Kuch nahi karte bhai, tu chill mar na.
Guest 31 Jul 2019, 06:40
+12 -0
What's with the tapori language? Sacred Games is still 2 weeks away.
No Guesr 30 Jul 2019, 09:18
+6 -1
Ye bhai ne toh mere professional existence per hi question kar diya.
bhole 30 Jul 2019, 09:20
+1 -1
[...] ke naam lete hai
Hitesh Sanghvi 30 Jul 2019, 11:42
+20 -0
On transactions side, broadly, Banking & Finance practice in India ALSO does corporate finance transactions, structured finance transactions, trade finance, securitisation transactions, loan portfolio sales documentation, derivatives transaction, debt restructuring, distressed debt sale transaction, amongst other.

Banking regulatory work, FEMA, corporate insolvency matters, etc. are also handled by the 'banking' practice.
Guest 31 Jul 2019, 06:10
+18 -0
Most of the things you mentioned should really be done in-house given the crores of salaries being paid to bank GCs.
Wondering 31 Jul 2019, 14:06
+7 -13
If GCs should do transactions because they are paid crores then by that logic all transactions across the board should be done by GCs and their teams - why only banking. Also are you on the gc bandwagon or in a law firm- because either ways it doesn’t make sense, unless you’re an altruist who believes in working for each penny you are paid and more (in which case you’re job is that rare awesome Indian legal corporate job) or an ex law firm teaching commercial laws with an accent in the law schools.
Guest 31 Jul 2019, 17:33
+18 -1
Can you shove the snarkiness and then string together a sentence that isn’t gibberish.
What on earth does “or an ex law firm teaching commercial laws with an accent in the law schools” even mean?
Wondering 31 Jul 2019, 19:56
+5 -12
So clearly you got the first part, the gist of the second part and most importantly the well deserved snarkiness for your snarky comment in the first place. We are in the presence of true greatness here.
Guest 1 Aug 2019, 06:39
+14 -1
I wasn't being in the least bit snarky to begin with.
If banks want to boost PPOP in this environment they need to cap their cost/income ratios in the high 30's or low 40's at the most. That is harder to do if you have a slate of high cost in-house lawyers who then parcel everthing out to even higher cost law firms.
If you read Hitesh's comment carefully, hopefully you'll realise that there is really nothing that a competent GC can't get done in-house when it comes to this sort of vanilla banking work.
Capacity and market 3 Aug 2019, 11:31
+2 -0
Your views are fair - and I mostly agree. But farming out work to external counsel is also a function of capacity and manpower. In-house teams in most MNC banks, for example, are quite small.

Secondly, the market (permitted products, market practices, level of client sophistication, etc.) is "lower" than, say, a London or a Hong Kong. So, we work with what we have. But it's a growing, evolving market. It's a great space to be in, either in practice or as in-house. Excellent growth opportunities, stability, etc.
Guest 1 Aug 2019, 10:26
+11 -1
Please do tell your clients to "get the gist of it" when they have to read your poorly drafted work. You'll go far in the profession. Very, very far.
Curious Cat 1 Aug 2019, 11:26
+3 -0
Actually given the market within and outside law firms these days, Mr. Gist is far more likely to succeed than people who are able to do their jobs to the (extremely) low thresholds that this country sets for everything.
Guest 1 Aug 2019, 11:39
+9 -1
Ha ha! What is the Indian law equivalent of 'equities in Dallas'? Wondering is headed directly to it.
Mumbai Sol 3 Aug 2019, 16:36
+1 -0
On lit side, if someone would tell me he practices "Banking law" it would mean DRT/DRAT/Sarfaesi matters and IBC matters at NCLT. For a Lit Solicitor/Attorney it would include minor documentation and advisory work even in the Insurance domain.
Chor Chor 30 Jul 2019, 11:50
+13 -3
I think this is why Zia keeps saying she is so profitable - she keeps hiring pre-trained people from CAM, without developing her own! Cheaper to steal than to make your own! Unsustainable model for the future. AZB will die naturally.
Lol 1 Aug 2019, 04:52
+1 -0
https://www.google.com/amp/s/barandbench.com/coffee-day-board-appoints-cyril-amarchand-mangaldas-legal-advisor/amp
Guest 1 Aug 2019, 07:44
+1 -0
Kian, L&L again didn't give you this information but gave it to B&B first:

https://barandbench.com/k-law-partner-arjun-rajgopal-joins-luthra-as-partner/

Sad that they patched up things with you to include the deals in your league table but as far as information sharing is concerned, they don't even share that simultaneously with you.
kianganz 1 Aug 2019, 07:55
+4 -0
Thanks for sharing but actually, that's on us - happy to say that we also received the information earlier this morning but B&B had pipped us to it in reporting it... :) https://www.legallyindia.com/lawfirms/l-l-boosts-corporate-partnership-with-k-law-s-arjun-rajgopal-nls-07-20190801-10769
Yay 1 Aug 2019, 12:07
+0 -0
Very nice that he got there.. all he would’ve got at CAM was a “certificate”
Abz 1 Aug 2019, 12:08
+1 -0
Come, we’ll show you how to treat laterals
B Wing 2 Aug 2019, 12:31
+0 -0
which equity partner at AZB is he reporting to?