Khaitan nabs HSA’s Akshay Malhotra as energy & infra partner for inorganic NIP push

Akshay Malhotra joins Khaitan from HSA
Akshay Malhotra joins Khaitan from HSA

Khaitan & Co has hired HSA Advocates partner Akshay Malhotra as a partner in its energy, infrastructure and resources (EIR) practice in the Delhi office, making him the second partner hire announced by the firm this week.

The Symbiosis graduate had been at HSA since 2016, making associate partner in 2017 and partner in March 2020.

Before that he had also worked at Luthra & Luthra, as it then was, as well as a stint at Trilegal and the first three years of his career from 2009 again at HSA.

He was one of the two partners who eventually decided not to join DSK Legal with seven others but stayed behind at HSA.

Khaitan executive director Amar Sinhji commented: “With the massive push on Infrastructure by the Government under the National Infrastructure Pipeline (NIP) mechanism, we foresee tremendous growth prospects for our EIR practice. We will continue to look at inorganic growth in this sector.”

HSA managing partner Hemant Sahai commented: “Akshay has been part of the firm during his formative years and it’s a matter of pride for me that he is a recognised practitioner.

“It is also a matter of personal satisfaction for me that the fact that we encourage and inculcate leadership within the firm is recognised and acknowledged by peers. I wish Akshay all the best in his future endeavours.”

Last week Khaitan had announced the joining of Advaita’s Sudipta Bhattacharjee as an indirect tax partner.

Akshay MalhotraWork history From: Mar 2020: Partner, HSA Advocates (New Delhi) Apr 2017 - Mar 2020: Associate Partner, HSA Advocates (New Delhi Area) Feb 2016 - Mar 2017: Senior Associate, HSA Advocates (New Delhi) Jun 2014 - Feb 2016: Senior Associate, Luthra & Luthra Law Offices (New Delhi Area) Apr 2012 - May 2014: Associate, Trilegal (New Delhi Area) Aug 2009 - Feb 2012: Associate, HSA Advocates (New Delhi Area)Education 2009: Symbiosis International University, BBA LLB,

Comments

HSA ka kya hoga 16 Dec 2020, 06:14
+19 -5
I guess, it would be better if HS starts his individual practice alrather than operating this firm. Anyways, he is the sole partner who is bringing clients. HSA as a firm would be costing him too much.
Baba Ilaichi 16 Dec 2020, 09:17
+5 -1
Yeah right! HS is running a NGO styled as HSA. Did i sound snarky?
HSA 16 Dec 2020, 16:44
+3 -0
The Firm will survive individuals
Cost Benefit Analysis 16 Dec 2020, 18:54
+26 -0
Cant incur costs if you dont pay anyone...

[img]https://media2.giphy.com/media/d3mlE7uhX8KFgEmY/200.gif[/img]
Guest 16 Dec 2020, 06:53
+25 -5
How dare a non nlu guy achieve this?

There is hope.

Congrats :)
Down 16 Dec 2020, 07:19
+17 -56
That's why Khaitan is going down and firms like Trilegal, SAM, Indus, etc are doing better
Marwari Baniya 16 Dec 2020, 13:43
+22 -1
Khaitan ain't going down.
Haha 17 Dec 2020, 16:37
+1 -0
Quiz time : Atleast one out of the three firms listed here (and supposedly doing better) is actually not doing good or better. Name the firm.
(10 marks for right answer.)

Anyone?
Intern 16 Dec 2020, 15:01
+30 -0
I’m a law student from an NLU. Interned with him last year. I’m inclined to take up this practice area because of him. Spent time explaining things and equating to real life examples.

Honestly, while I like my NLU tag I feel it’s knowledge that matters and I would love to work with him once I graduate, whether at HSA or Khaitan is immaterial.
Gopu 16 Dec 2020, 16:07
+13 -0
I just want to say that kuch to log kahenge logo ka kaam hai kehna, he has proved himself to be better than a lot of nlu kids hence he became a partner at khaitaan.
Meet the man 16 Dec 2020, 10:11
+28 -1
What a catch by KCO! Akshay has always been a stellar leader with a strong market reputation and a book. He will be a great addition to the Khaitan team and will be able to leverage his tier 1 clientele to bring more business for the booming KCO practice.
Lake Placid 17 Dec 2020, 09:06
+2 -2
[img]https://media0.giphy.com/media/d8LHKaJzAQmop72UVQ/200.gif[/img]
HSA colleague 16 Dec 2020, 10:49
+52 -1
Haters gonna hate. For what it's worth, he's worked with and been trained by HS for a considerable part of his career. Unfortunate to see that HSA is unable to retain talent for whatever reason. Best wishes to AM; KCo and HSA. These times call for some positivity and encouragement to all! Nice of Hemant to issue a comment - unlike previous departures at HSA....
Notsure 16 Dec 2020, 14:04
+0 -19
Hi everyone, I need to urgently choose between TTA internship and CAM internship. I am a topper at one of the top NLUs. Could someone plz tell me if TTA pays more than CAM? What would have you decided?
Brendon McCullum 16 Dec 2020, 15:12
+9 -0
TTA pays 10x CAM. So go for none.
A student 17 Dec 2020, 17:01
+0 -5
As far as know CAM pays you around 18 LPA including bonus and TTA around 20 LPA. Make your decision wisely! CAM has better reputation and better deals, TTA has slightly better pay
Lol 18 Dec 2020, 04:09
+2 -0
I can confirm that Cam Pays 15 LPA. Everything is fixed in first year no bonus component.

I can also confirm TTA doesn’t pay 20 at A0 - not sure of exact figure to though.

Now in my personal opinion while not the worst place to work by any stretch of imagination, TTA is def not in the leagues of CAM etc. Highly overrated and pedastalised in law schools
Notsure 18 Dec 2020, 07:19
+0 -0
Thank you so much
curiousboy 18 Dec 2020, 09:47
+0 -2
Can someone plz tell how much does TTA pay to A0's (including bonus)?
Ummm 16 Dec 2020, 17:55
+49 -0
Tu Latham and Watkins ke liye try kar topper
Team AM 16 Dec 2020, 16:03
+32 -1
He’s a team player, great senior and good guy in general. Also had one of the best in the business as his mentor. Wonder who’ll take over the practice at HSA. Good catch by KCO.
Topper returns 16 Dec 2020, 16:39
+15 -0
Please check out what "Topper" from the Dilbert cartoon would have done -- maybe interned at 5 different firms at the same time, with a PPO for becoming partner in 6 months!

(Btw, I came last -- the very last -- of my law school)
Not a topper 17 Dec 2020, 04:49
+4 -11
"(Btw, I came last -- the very last -- of my law school)" - Is this a matter of pride for you?
Guest 17 Dec 2020, 10:54
+2 -2
True, sometimes people find solace in mediocrity.
ex kco 17 Dec 2020, 09:44
+1 -2
the existing partners at the firm with "most number partners" not getting enough mandates, and now the firm has to go fishing to other law firms.
Kaise Ho? 17 Dec 2020, 12:05
+0 -0
Khaitan is a cleverly run firm and most partner hirings (strategically) happen this time of the year.
Confused hai! 17 Dec 2020, 15:39
+2 -0
Whats the reason or advantage of hiring at this time of year? Serious question. No trolling.
confusion clear 17 Dec 2020, 17:06
+2 -2
easy to discard existing trash asap. the bunch who've been unable to perform in the practice will have to perish - getting backup before the new FY commences
Ex-HSA 17 Dec 2020, 17:03
+44 -0
Hemant needs to wake up and smell the coffee. Post Aparajit and Ranjit (who were of course way senior), AM was the the only person expected to stick around. Hemant's protege. Effectively, not a single current lawyer who's worked with HSA pre-2010 is currently in the system.

The practice area which the firm is renowned for is in shambles and it's doubtful that the current lot who've come with such commitments would be able to deliver. My best wishes to Akshay and I hope Hemant can revive what's left of the firm.
Onlooker 17 Dec 2020, 17:50
+1 -0
What does the EIR practice consistof?
Guest 18 Dec 2020, 05:27
+8 -37
Highly doubt the newbie from a lesser firm will survive in the Law School- Foreign Firm dominated and highly competitive environment at KCO in a practice area which is not focus practice at KCO, with enough partners and no revenues
Ummm 18 Dec 2020, 20:59
+24 -0
Hello Gyan-ke-sagar,

Here, come, let us dissect your comment.

Newbie- The gentleman has an experience of over 11 years.

Lesser Firm- HSA has been widely acknowledged as one of the best firms for EIR/projects. Do you know the concept of specialist firms?

KCO is Foreign firm dominated- I do not understand this but in case you mean that partners have worked with foreign firms before joining KCO, there are few of them but majority have spent their entire career working in India. So, we're good here.

Not a focus area- For a full service law firm to be successful, every practice area should be top notch. A good firm accords same degree of "focus" to all their practice areas. Even assuming for a second that it may not be a focus area, a good partner can certainly do world of a good to boost a specific practice and make it a go-to firm for clients.

No revenues- I am sure with the kind of revenues, they can buy a couple of Bentleys for you (but they should choose not to). Come and ask for books of accounts.
Haha 20 Dec 2020, 20:56
+4 -0
Guest bhai what did you smoke?
Mai expert hun 18 Dec 2020, 06:05
+27 -0
HSA is clearly in shambles and it did not happen suddenly. Hiring especially at Partner level at HSA is highly questionable. HSA only focused on merging so called independent practices of other lawyers which failed. If they were so good independently, they would not "merge" their "practice". Only one person cannot be expected to bring clients for the whole firm. They lack in quality and most of the remaining lot of Partners are ideally not the stalwart of the industry. They may have bigger tags with them but those tags are mostly "ex". Mr. Sahai needs to wake up and see that the rot is at the top, coupled with redundancy and horrible behavior of Partners which won't foster growth.
Independent Practice 18 Dec 2020, 07:18
+1 -0
What's the measure of successful independent corporate practice? Is it revenues of over..... or number of clients? Is 80-90 lacs per annum considered good practice?
Gyani ji 18 Dec 2020, 08:27
+9 -0
I'm sure if your independent practice is earning you decently, you would rather focus on increasing the revenue and get more clients than to simply go under a different brand and become answerable to the managing partner of that firm.
Sharma ji 18 Dec 2020, 08:26
+31 -0
'Na hum Amitabh, na ..., "hum hai seedhe saadhe Akshay Akshay"'. He can sing this to Haigreve
Power couple 18 Dec 2020, 08:42
+18 -1
Clearly Hemant has managed to retain one-half of the power couple at HSA. Good going Hemant
Lexpert 21 Dec 2020, 05:44
+26 -0
More like the "power" couple has decided to hedge their bets! :) It's a win-win for them!! What shambles..
Guest 11 Jan 2021, 03:54
+21 -0
AM PP make a great team!
Dependent 18 Dec 2020, 10:34
+3 -0
75 lacs to 1 cr may be considered as successful practice in Delhi.
Ummm 18 Dec 2020, 21:03
+3 -0
In Ghaziabad, bro
Book 18 Dec 2020, 10:35
+16 -0
Akshay's book size? A birdie told me its above 1.75 crores.
Ex HSA 21 Dec 2020, 18:14
+1 -23
Who are these folks opining on matters which they clearly have little appreciation of. Clearly none of these folks understand what a book in an EIR practice is; nor do they understand that such “books” are hardly portable. Why on earth would a client move from Hemant to his protege? Seriously folks, get back to work.

Also, please don’t undermine the existing talent at KCO. Attorneys like Gehan and Jhinook who manage EIR mandates are quite well respected. Folks here speak with such authority like experts with little if no understanding of KCO or HSA or for that matter law firms.
SHJ 22 Dec 2020, 02:42
+13 -0
Congratulations Akshay!
HSA 22 Dec 2020, 05:03
+0 -1
Why does he need to move to KCO if he really has a book above 1.75 cr.. funny, isn't
Insider 22 Dec 2020, 07:48
+0 -1
KCO can turn book of 1.75 into 17.5 in 3 to 5 years. KCO is the best fastest growing big law firm in India. We have talent leaders mandates and work quality is 10 time better than competition.
Guest 22 Dec 2020, 08:22
+6 -0
With all that you have, one wonders why you cannot seem to be able to afford a sufficient number of commas and an adequate sense of grammar for your sentences.
Mufti 22 Dec 2020, 09:17
+33 -0
No one likes to work without getting paid. Unless you’re DLS or SDM and no one will take you.
Pnakaj, Office of DLS 22 Dec 2020, 14:11
+47 -0
Ruk, tuje abi batata hun. Ek china desk fek k maronga....
Cold love DLS 22 Dec 2020, 16:17
+23 -0
Pehle ek do deal toh kar lo...
Jadu 22 Dec 2020, 18:54
+3 -0
[img]https://media3.giphy.com/media/7Wn1wbeIE28s2eTMV6/200.gif[/img]

Aaja
Golmaal - Fun Unlimit 22 Dec 2020, 23:57
+0 -0
Saari deals maine hi kari hain. EIR mein sabse zyada kaam.
PO 30 Dec 2020, 09:17
+26 -2
Many will come, many will go,
No one will take me, because my name is PO