DSK co-founder Satish Kishanchandani, 2 partners to start up new firm with high ‘happy quotient’

Satish Kishanchandani leaves firm with Nagendra Digankar, Pritha Jha (l to r)
Satish Kishanchandani leaves firm with Nagendra Digankar, Pritha Jha (l to r)

DSK Legal co-founding partner Satish Kishanchandani is leaving the firm with two corporate partners and their teams in the coming months.

He is joined by partner Narendra Dingankar - who also headed up the Pune office of the firm since 2014 - and Mumbai-based partner Pritha Jha.

Kishanchandani had been practising law since 1989, completed his solicitors qualification at Mulla & Mulla, followed by Gagrats, and Anderson & Co for five years. In 1997 he joined Dua Associates, starting its Mumbai and Pune offices, and finally co-founded DSK in 2001 with Anand Desai, initially functioning as a law firm extension of Anderson.

Kishanchandani specialises in corporate, commercial and private equity work.

He commented in a statement: “I have decided to move on after an exciting 18 year journey to set up a focused legal services practice with a difference.”

Elaborating in a phone conversation, he said that “with a difference” meant that the firm “should be more people-centric”.

“More like an institution,” he explained. “So we would not have the name of the partner in the name. Number two: the more critical part is, the happy quotient has to go up. I don’t think lawyers as a community are happy people. You have to be happy working. That’s a little lacking. It’s become more like a machine.”

Narendra Dingankar, a 1998 BCom graduate from Mumbai University, had begun his professional career at Arthur Anderson & Co in 1994 to 1998, moving to Dua Associates in 1998, and joining DSK Legal in 2001.

Pritha Jha, a 2007 ILS Pune graduate, had begun her career at Desai & Diwanji, before joining DSK in 2009 where she was promoted to associate partner in 2016, and partner in 2018.

A DSK spokesperson said that DSK’s Pune office would continue without Dingankar and Kishanchandani, with the firm’s real estate team continuing to be based there.

Kishanchandani said that his new firm would not have a Pune office. “Pune is a different market,” he said. “You need to have an interface, but you really don’t need to have a space there.”

Details of new firm still TBC

Kishanchandani said that he was feeling “a lot of emotions” about leaving DSK behind after so many years, and that details of his new set up were still being finalised.

It could take a few months before everything was complete, he said.

We understand that more than a dozen fee-earners are currently part of the departing three partners’ teams, but details of who is leaving and staying are not yet confirmed.

DSK’s recent journey

Co-founding and managing partner Anand Desai commented: “Satish and I started DSK Legal 18 years ago, and it has been an amazing journey. We respect Satish’s decision to move on and wish him the very best.”

In November 2018, DSK corporate senior partner Tushar Ajinkya had joined Economic Laws Practice (ELP) with his team.

In September 2018, DSK employment head Maneesh Upadhyay had joined J Sagar Associates (JSA).

However, in January of this year, DSK got reinforcements in Delhi: Cyril Amarchand Mangaldas partners Kirat Nagra and Rishi Anand had joined DSK with a team of eight.

DSK Legal will have 13 partners after Kishanchandani, Dingankar and Jha’s departure.

Comments

Dee ESS Kyun 15 Mar 2019, 14:55
+14 -1
Happy quotient?? Promoters of law firms are only happy when the cash is coming in... That's the only quotient. Anyone who thinks anything else can be a quotient in a law dirm is seriously fooling himself. ... Or trying to fool others ..
What are the new DSK entrants up to? Has that honeymoon now gone into post honeymoon fights yet??
Well wisher 15 Mar 2019, 18:46
+6 -0
Law firmites chase money and claim that it's the quotient' that makes them happy... Really ??? Or is it that they live on the fact that work-life balance is a joke and can never be achieved, or traditionally preached in a manner that it can never be achieved.... But isn't it the naked truth that each of us (law-firmites) whine every day to create some balance at work, be it to spend time with loved ones, friend's, for a date or even a peaceful weekend without checking outlook !!! ...

Satish and Narendra sounds ambitious in achieving that, and only time can speak !!! Good luck gentlemen, we hope for a miracle.
Hello 15 Mar 2019, 20:32
+10 -5
Good for Satish and team!! Finally away from the control of and bad treatment by certain people. All the best!
What do you mean? 16 Mar 2019, 04:52
+6 -9
Anand Desai was paying him well enough. 5 cr, I heard. How can there be scope for bad treatment?
Paying 16 Mar 2019, 09:20
+18 -0
Anand paying him? Was he an employee?
Hello 16 Mar 2019, 12:22
+3 -0
Why would Anand Desai pay a co-founder? Are you suggesting that Anand Desai was controlling everything, including the Co-founder’s salary??? Then it’s no wonder that Satish left a firm that he co-founded!!
Happiness 24 Mar 2019, 12:24
+4 -0
While money can be a part of the Happiness Quotient, money by itself without other factors cannot be the only factor to make people happy. There are many components to the Happiness Quotient: (1) A good work life balance (2) A positive environment where people encourage each other and supplement each other and there is a culture of trust and respect (3) Fair dealing with people. These are some of the factors in addition to Money that is a part of the Happiness Quotient. I am sure 5 Crore would make anyone happy but in the absence of some of the above factors - I am not sure it is enough. Good to see some lawyers trying to bring about this change in the Indian market - something lacking in most Indian law firms especially some of the very big and reputed firms.
Please Stop 16 Mar 2019, 04:34
+3 -2
Kian - no credit for a tip?
Moving on 16 Mar 2019, 05:03
+13 -0
How can a co-founder leave? What exactly does being a co-founder mean? Also, S went long ago and K has left now so the firm should rebrand as D legal.
Moved on 16 Mar 2019, 12:25
+4 -0
The firm has in principle always been acting as D LEGAL. Why else would other co-founders leave?!
Corporate Practice 16 Mar 2019, 05:12
+5 -3
I wonder if their will be any Corporate/M&A practicioner left in DSK in Mumbai in their home ground.
LL 16 Mar 2019, 05:46
+0 -1
"Breaking News" indeed
Achhe Din As Gaye 16 Mar 2019, 07:41
+13 -15
DSK is on a fantastic growth model. This churn is giving birth to a new firm, which will be the best in the country. And this is all because of the vision of the firm and Mr. Desai's commitment to grow the firm...Acche Din Aa Gaye!
Guest 17 Mar 2019, 10:56
+5 -1
Share the maal bro..
DSK Insider 18 Mar 2019, 13:11
+0 -0
There are more departures happening at different levels at DSK. A Senior Associate from Mumbai and the Pune Offices seems to be making their way out this month end. As much as their departures are not news, perhaps can be linked to the things happening within the firm.
PapaG 20 Mar 2019, 14:27
+0 -0
Other Associates also seem to be making their way out of the firm shortly. What does it all mean? Leave it to your imagination.
Adideva 23 Mar 2019, 04:49
+1 -1
Is he saying DSK is an unhappy place and therefore he wants to establish a happy quotient?
Not fair 28 Mar 2019, 18:13
+0 -0
Kian!

Why aren’t you publishing comments that were made weeks ago?