Amit Jajoo (Mumbai; commercial litigation),Avik Biswas (Bengaluru; employment law, anti-bribery and anti-corruption),Lomesh Kiran Nidumuri (Bengaluru; civl and commercial disputes),Manan Lahoty (Mumbai; capital markets),Manish Gupta (Delhi, M&A, private equity),Mayank Mishra (Delhi; disputes),Nishant Singh (Mumbai; M&A, private equity, banking & finance, corporate) andSaurav Kumar (Delhi, M&A, private equity, corporate).
IndusLaw has opened its equity partnership from the five co-founding partners to include eight other partners:
- Amit Jajoo (Mumbai; commercial litigation),
- Avik Biswas (Bengaluru; employment law, anti-bribery and anti-corruption),
- Lomesh Kiran Nidumuri (Bengaluru; civl and commercial disputes),
- Manan Lahoty (Mumbai; capital markets),
- Manish Gupta (Delhi, M&A, private equity),
- Mayank Mishra (Delhi; disputes),
- Nishant Singh (Mumbai; M&A, private equity, banking & finance, corporate) and
- Saurav Kumar (Delhi, M&A, private equity, corporate).
Update 00:21: Co-founder Gaurav Dani told us that the new equity system was a “modified lockstep” “which will evolve as the firm grows”.
A modified lockstep system typically has as its primary element the most senior partners, who have been equity partners for longest, taking home the largest share of profits, though such locksteps can be modified to also take into account performance or other metrics.
Founding partners Suneeth Katarki and Gaurav Dani also said in a statement: “We are delighted to welcome our newly inducted equity partners.
Each of these individuals are extremely well- regarded professionals who have demonstrated great commitment to their clients. With these promotions, the equity partnership in IndusLaw moves beyond the founding partners, something which we were always committed to do.
“This is truly a new phase for the Firm, and we are certain that our new equity partners will continue to demonstrate their commitment and contribution to the firm in achieving newer heights.”
To be updated.
Comments
And how does it happen!
And if you think that such a problem is widespread then please open your own law firms. Not denying that a few cases may have been gender biased. But this isn't the case every time and the opposite is also very true 'female privilege'
Gender bandwagon is always holding its Jhanda and also a Dhanda. Some people are really dreaming that these posts will 'sensitise' people and get them a promotion
But thanks for informing, anyway.
More profits than bonuses of 4 equity partners in any law firm.
[...] lawyer from an ordinary college - no national law school - I recruit them.
Motabhai has spoken.
PS- I am an A3 associate, who gets to save most of his money while living in Delhi with parents.
Had a heart attack 6 months before it but it was worth it
Quit the slavery to live my life
Other... No idea.
Plus given that litigation lawyers are amongst the worst hit this year - is revenue really counted? What are the other parameters ?
Litigation is obviously going through a crisis now but it's not like this decision was made over night, it's been months in the making
Pray tell, when will a vaccine for COVID19 be publicly available?
And with respect to the Covid 19 vaccine, probably tomorrow my friend considering you think wonders can happen over night :)
While I agree with your and Unbiased's notions that equity promotions are supposed to be thought out and rational, it is my opinion that at least one of these promotions is not.
But yeah, they also are a WIP
Need to up their policies on paternal leaves. On the sadder side but working at SAM as a woman is a dream come true (unless you're working in their crazy Banking vertical)
But there are a number of female partners at Indus and of all types. Some are homegrowns and have spent their whole life there, some joined recently, some have their own clients and books, and some are largely still executing. whatever the parameters, I would think there is atleast one female partner if not a few, who could’ve made it to this list.
No idea why they did not consider any of the female partners. But then again - a lot of other more senior partners like Sudipta, Manishi, Avirup, Rahul Goel - aren’t in this list either.
Meri sirf prarthana hai ki Avirup ko next round main shaamil kiya jai. Achha launda hai.
Why did the firm do this nari-shakti dhindora, when they are just like anyone else?! Only because it sounded good at that time? Even the statements from founding partners at the time were about how they are pro-women, and not really that the new partners deserved it regardless of gender.
According to this a few people are making 7-8 cr also
Is this ultra exaggerated?
So at some levels these figures still stand?
2. The leader of the pack in giving perks was LL with their AUDI/ MERC/BMW offer to some senior partners way back in 2012...