HSA’s Amitabh Sharma ends 3-year tenure as managing partner while Sahai works overtime to steady ship post DSK exits

Amitabh Sharma ends management tenure at HSA, but remains loosely with firm
Amitabh Sharma ends management tenure at HSA, but remains loosely with firm

Amitabh Sharma, the managing partner of HSA Advocates who had joined in April 2016 from Khaitan & Co, has laid down his management duties at the firm.

Sharma will formally be continuing in an of counsel role with the firm, although it is understood he would theoretically also be free to work with other law firms in this capacity.

Founding partner Hemant Sahai told us today: “Amitabh has infused lots of energy and brought in several beneficial practices for firm and practice development.

“Most importantly, he challenged the status quo and forced people to perform or perish… So we have seen some of our legacy barriers to growth being challenged and precipitated change. In the current and prospective scenario, change in attitudes was necessary.”

We have reached out to Sharma, who declined to comment further.

Sharma had joined as a managing partner in 2016 with a brief to take over all management at the firm, after Sahai had suffered serious injuries after a motorcycle accident.

Since then, Sahai is understood to have been focusing primarily on fee-earning and, by 2017, much of the management of HSA was handled by Sharma jointly with a collegium of senior partners partner Aparajit Bhattacharya, Anjan Dasgupta and Abeezar Faizullabhoy, with consultation of Sahai on major decisions.

Bhattacharya and Dasgupta have since joined DSK Legal with their teams, and Faizullabhoy has moved to Argus Partners.

Sahai told us that while he had no plans to appoint a new managing partner any time soon, the firm would come up with a revised management structure or collegium of senior partners shortly, with day-to-day management of finances, billing and other issues in any case handled (and continued to be handled) by chief operating officer (COO) Jayamon VP.

In addition to fee-earning, we understand from sources close to the firm that Sahai (and the rest of the firm) have been working overtime to retain clients of the DSK departing duo and their teams, in addition to lining up a number of lateral hires to fill any gaps over the past weeks: corporate partners Dipti Lavya Swain and Gaurav Sahay had joined in Mumbai and Bangalore respectively, with litigator Faranaaz Karbhari joining as counsel in Mumbai.

In a press release about Sharma’s departure sent late yesterday, Sahai stated:

I am grateful to Amitabh for bringing his varied experience, immense energy and for introducing diverse new management practices. He has been instrumental in defining a new growth trajectory for the firm and cleaning up significant legacy barriers to growth that we had been encountering. I am happy that Amitabh will continue to be engaged with the firm as an of-counsel, to manage his client relationships that he has regularly been advising over the years apart from pursuing other interests outside the firm. I wish him all the best in his endeavours.

Comments

First? 28 Apr 2019, 07:06
+6 -4
Don't care much about HSA or DSK....but wanted to be the first one to comment. #SundayKicks
kianganz 28 Apr 2019, 07:19
+6 -1
Cheers, hope you have a wonderful Sunday and rest of weekend! :)
Ups and downs 28 Apr 2019, 07:52
+12 -0
Well heads had to roll after the recent star exits. The world knows that Amitabh tried to bring in a culture which didn’t gel well with the HSA’s current lawyers. A little too late though. Aparajith’s exit is going to sting for a while, unless HSA surprises the industry with a Tier 1 top law firm partner snatch.
Amul 28 Apr 2019, 09:35
+2 -0
Well...B&B posted this first. LI was caught napping on such a big news. All ex-HSA's will come and speak out about him now.
Guest 28 Apr 2019, 09:52
+6 -1
Some [img]https://media2.giphy.com/media/87JiLREgcZVEk/200.gif[/img]

Some who have gone are good executors, some on the promise of projections as opposed to execution skill sets. Only time will tell whether the honeymoon will lead to a pregnancy or divorce.

However, insofar as the one who currently departs, I'm unsure whether he falls partly or fully in any of the above.
Amul 28 Apr 2019, 19:02
+4 -4
Were you drunk when you inserted this gif? There could have been better ones

[img]https://media0.giphy.com/media/nmXzfuNWmGzTi/200.gif[/img]


Keep your weekend thoughts to yourself!!
Legal Expert 28 Apr 2019, 10:00
+11 -18
I have heard a lot about Mr. Sahai that he is a very strong legal expert with deep pockets, never giving attitude and a big list of clientele who strongly follow him. He is like Cyril or Zia in Delhi's legal market.

Kian - I heard partners with their teams from Khaitan & Co., L&L Partners are in advanced discussions with HSA. Also two firms, one each from Delhi and Mumbai are in discussions with merging their practice with HSA.

You need to track this closely as lots of things are happening after so many exits from HSA.

May the dead never die..!!
Game of thrones 28 Apr 2019, 10:28
+21 -0
What is dead may never die.

NOT

may the dead never die.
Hmmm 28 Apr 2019, 13:02
+11 -0
Agree on the never giving attitude...if he gave, HSA would have been different
Ahem 29 Apr 2019, 14:17
+4 -1
He should be a good lawyer to have done so well for himself (Aston Martin cannot be afforded by all). About long list of his clientele following him: I doubt that holds true with the exits of Aparajit,Abeezar, Amitabh, Amit and Anjan. However, one thing is clear......something is awry.....speaks volumes of the man management skills and his inability to keep his horses healthy and war-ready.
Churmika 28 Apr 2019, 10:30
+9 -0
Finally! Long awaited news. How much ever restructuring takes place, last 2 months will go down in History of HSA. The article misses out the name of another EP's exit in the last 2 months.

Is Mr. Punto the only Partner left in the Mumbai office?
Upgrade 28 Apr 2019, 13:11
+1 -1
Mr. Punto is the last man standing and holding fort for Hemant!!
Curious person 28 Apr 2019, 17:16
+1 -0
Who's mr. Punto?
Churmika 1 May 2019, 09:25
+0 -0
He was the last man (Partner) standing in the Mumbai office. However, sources say that time is about to change and fresh breeze is going to blow back in the Mumbai office.
Bobby-vinda 1 May 2019, 12:02
+2 -0
It's a deep grey version of an Aston Martin with Mont Blanc windscreen...
However, most importantly, I am very confident that restructuring is in progress and we should be seeing some big announcements soon.
Best wishes to one and all, the departed, the new ones and also to a fresh start. The show must go on...
Ajeej 28 Apr 2019, 12:12
+3 -0
[img]https://pbs.twimg.com/media/DbJ4j6tUQAIsZZg.jpg[/img]
Ajay Vimal Dev 29 Apr 2019, 01:32
+2 -0
[img]https://media2.giphy.com/media/xT5LMtXaZdfZBjI1cA/200.gif[/img]
insider 29 Apr 2019, 04:56
+6 -1
“Most importantly, he challenged the status quo and forced people to perform or perish... So we have seen some of our legacy barriers to growth being challenged and precipitated change. In the current and prospective scenario, change in attitudes was necessary.”


ohh reallyy.. hahahahhahahhahah
Moniker 29 Apr 2019, 04:56
+1 -0
This of counsel role seems to be trending these days. Best of both worlds I say
insider 29 Apr 2019, 05:08
+11 -0
A new growth trajectory....which goes steep down...sahai just used amitabh ..all the experiment he wanted to do..he used amitabh as a conduit and when it went wrong ....all blame comes on amitabh....i know jaymon has already instructed kian not to publish any thing like this.. but i have to write.. so did
Curious cause 29 Apr 2019, 08:04
+1 -2
Kian - Just wanted to understand, why heading of this article is limited only to DSK, especially when in last 3 months, teams have moved in to Argus, Indus & L&L. Why such privileged or selective mentioning only?
kianganz 29 Apr 2019, 08:07
+4 -0
The DSK was the most recent and arguably most relevant of these re this story, taking the only remaining management committee partners out of the firm and going after both core corporate and projects practices of the firm.
L&L 29 Apr 2019, 08:34
+2 -0
Kian - Will you still compare L&L with HSA:-)?
L&L 29 Apr 2019, 08:35
+0 -0
ALso, Kian - would be interested in knowing your list of Top-15 full service firms in India
kianganz 29 Apr 2019, 08:36
+3 -1
Well, both have certainly had a lot of hires and departures over the years ;)
AAA1 29 Apr 2019, 18:02
+0 -0
And one from HSA itself...
Class is me 1 May 2019, 09:43
+0 -5
Fully agree. Infact L & L and Argus have their cream people.
Wellwisher 30 Apr 2019, 13:38
+5 -0
Kian, why haven’t you reported Debarupa’s move? She left HSA recently and went in-house to American Express. Worth covering IMO.