Hitesh Jain’s Parinam promotes 2 to equity, 2 to salaried partnership under hybrid model

Hitesh Jain (centre) with expanded Parinam partnership
Hitesh Jain (centre) with expanded Parinam partnership

Parinam Law Associates, which had been set up in November of last year by former ALMT Legal-JurisCorp partner Hitesh Jain and ex-J Sagar Associates (JSA) partner Ravichandra Hegde, has promoted two of its co-founding partners to equity partner level, and two to salaried partners.

Managing partner Jain explained that the new equity partners had the same powers as any other equity partner at the firm, which operated a “hybrid model” of sharing revenue and eat-what-you-kill, and a dynamic structure that rewarded performance.

Two of Jain’s team member’s, who were part of the Parinam founding team as salaried partners, have now been elevated to equity partner.

  • Subhash Jadhav (GLC Mumbai 2002), specialises in civil and criminal litigation, and family law, and
  • Pooja Tidke (GLC Mumbai 2005), specialises in commercial litigation,

Two principal associates have been promoted to salaried partner:

  • Anuja Kedia (GLC Mumbai 2010), property and real estate, and
  • Mallika Noorani (GLC Mumbai 2012), corporate commercial, media, entertainment and employment law.

Associate Manali Kshirsagar was elevated from associate to senior associate level.

With the elevations, Parinam Law Associates, has grown to 10 partners, of whom 7 are now equity and 3 are salaried partners. The firm has a total of 70 fee-earners, including partners, with offices in Mumbai, Delhi and Pune.

Jain commented: “Subhash has been with me since 2005 while Pooja has been with me from 2002. Both Mallik and Anuja have been early members of my team since 2010-2011! It is a proud moment for me.

“People who have been with me for so long have been rewarded on the basis of their performance and have been able to scale new heights!”

Comments

Guest 16 Apr 2019, 14:36
+0 -0
If Subhash has been with Hitesh since 2005 and Pooja since 2002, shouldn't the year of graduation be the other way round?
What is Parinam? 16 Apr 2019, 22:07
+5 -20
Kian, it's high time you consider stop covering insignificant news about every second random law firm.

[...]
Nihilist 17 Apr 2019, 04:37
+16 -0
You clearly need to find a hobby. Hitesh is a rainmaker, his billables would destroy most of the ranked senior partners in a top 6 any day of the week, month or year. Not sure how accurate this report is, but if in less than a year he has managed to create 70 fee earners in his firm, the man needs commendation.
What is Parinam? 19 Apr 2019, 05:18
+3 -6
Hahahahahha! Rainmaker indeed, and you're his harbinger! Can you tell any major deals or case that the firm has contributed to?
meh! 22 Apr 2019, 07:18
+0 -0
nah..just a lawyer trying to a make a quick buck. If you have spent not less than 5 years as a transactional lawyer, you'd know that not all deals get reported (for variety of reasons). And, lawyers do not neccessarily need to have second-to-none lawyering skills to charge for their "services". Peace out!
Outsider 17 Apr 2019, 05:20
+8 -1
Hitesh is a great guy. He care about people he works with. Also, unmatched billing.
Final sem law student 17 Apr 2019, 06:41
+0 -0
How much does parinaam pays to a fresher?
Congrats 17 Apr 2019, 08:30
+0 -0
heartiest congratulations Pooja di :)
ANACONDA 20 Apr 2019, 06:47
+1 -4
Why does Hitesh Jain always make himself sound larger than life? "[i]People who have been with me for so long have been rewarded[/i]". Reflects poorly on the culture of his firm. In what sense then is such a workplace a true Partnership? 'Equity' in such places might mean