Senior capital markets lawyer Madhurima Mukherjee, who had left AZB & Partners in April, has enlisted with J Sagar Associates (JSA) as an independent senior consultant, we understand from several sources.
We have learned that she will focus on expanding JSA’s capital markets practice and team, as well as be involved in training, though it will be a part-time role and she has set up an independent legal consultancy.
We have reached out to Mukherjee and JSA for comment and will update the story when we hear from them.
Update 30 June 2020: According to JSA’s release from the co-managing partners Amit Kapur and Vivek Chandy, she “has agreed to act as a senior consultant - capital markets to augment and further strengthen the firm’s capital markets team”. They added: “With her years of experience and reputation, we hope to show our continued commitment to our clients to bolster our national capital markets practice. We wish Madhurima a long and mutually beneficial association with JSA.”
She has also joined Increasing Diversity by Increasing Access (IDIA) as chief mentor in a part-time role, effectively co-heading IDIA alongside trustee (who is also incidentally a co-founder of legal news website Bar & Bench) Shishira Rudrappa.
IDIA, which works to assist in providing students from non-traditional law backgrounds break into the law schools, said in a statement: “We are excited to announce that Madhurima Mukherjee will be supporting us as chief mentor. Madhurima has been closely involved with IDIA and worked alongside our Founder, (late) Prof. (Dr.) Shamnad Basheer.
“She will use her knowledge and experience to help our trustees and team to structure IDIA’s projects and vision. Madhurima will undertake this role alongside her independent legal practice and other philanthropic initiatives.”
This is effectively her second innings at IDIA, having also spent around a year working with IDIA part-time between 2013 and 2014, after she had taken a career break following her time heading the capital markets practice at Luthra & Luthra (as L&L Partners was then known) and before joining AZB in August 2014.
Comments
JSA is only a means to that end.
However, compared to the work culture at other large Indian firms, yes, JSA is the greater good.
A..., Z.., B..... should take it seriously as the new inheritors seems to have taken things for granted.
how long can anyone or anything be interesting.
unless it is a luthra HR or khatain HR story.
1. She would now prefer take on lesser responsibilities (or work less); and
2. JSA doesn't have the capacity to hand out much money. And, considering (or what just seems to be) Madhurima's profile at JSA now , she would be okay with a few less bucks (since this job for her is a mere part-time).
JSA can't even dream of affording her in the partnership. Take my word.
Each equity partner gets a specified percentage of the profit pool plus a fixed retainer component.
New entrants to the pool (usually home grown) get a small percentage (1 % or lower).
Laterals (rare, unless you are bringing in a substantial and established practice, which the firm does not have or wants to build on AND are generally a pleasant person, although notable exceptions have slipped in and continue to exist) get a negotiated share of the profits their practice generates until the next profit share re-set.
Every 3 years, the elected Compensation Committee re-evaluates every equity partner’s (yes everyone’s) profit share based on various determined metrics, including revenue generated and contribution to firm building. Your profit percentage could move up or down, based largely on how your practice has performed financially in the past 3 years.
When partners retire (Jyothi, Berjis) or leave (Sumanto, Abeezar), their share of equity returns to the pool.
So, how much you make as an equity partner at JSA really depends primarily on what you are bringing to the table.
On that note, will leave your word where it presently remains.
If there is a risk someone will not earn enough to be fair to the common pot then they are kept as non-partners. Such as consultants.