Khaitan promotes 11 to partnership (and more than 50% are women!) • 2 from GNLU ‘11 batch, 2 ILS, 4 from Mumbai Uni

Khaitan 2019 partner promotions
Khaitan 2019 partner promotions

Law firm Khaitan & Co has promoted 11 of its lawyers to partnership, of whom 6 are women, growing to a total size of 152 partners (with 13 female partners), and is now at 578 fee-earners.

The firm has also promoted two to counsel, growing those ranks to 11.

The new partners are:

  • Anisha Chand (Mumbai, competition; Mumbai University 2011)
  • Anushka Sharda (Delhi, disputes; ILS Pune 2009)
  • Aravind Venugopal (Mumbai, corporate; HNLU Raipur 2010)
  • Pashupati Nath (Delhi, corporate; NLU Jodhpur 2009)
  • Rishabh Bharadwaj (Bangalore, corporate; GNLU Gandhinagar 2011)
  • Saman Ahsan (Delhi, disputes; NLIU Bhopal 2009)
  • Sanjay Khan Nagra (Bangalore, corporate; GNLU Gandhinagar 2011)
  • Shailendra Bhandare (Mumbai, IP; GLC Mumbai 2004)
  • Smriti Yadav (Mumbai, IP; Mumbai University LLB 2003; LLM Mumbai University 2005)
  • Suhana Islam Murshedd (Kolkata, corporate; GLC Mumbai)
  • Tanvi Kumar (Delhi, corporate; ILS Pune 2009)

The new counsel are:

  • Anuj Sahay (Delhi, energy, infra & resources)
  • Soumya Mohapatra (Mumbai, capital markets)

Two new counsel for Khaitan
Two new counsel for Khaitan

Three in the partnership list are 2011 graduates - Anisha Chand from GLC, and two are GNLU Gandhinagar graduates (Rishabh Bharadwaj and Sanjay Khan Nagra) - giving them a PQE of 8 years, which is below the Big 6 average of 9.1 years according to our 2014 research.

Both GNLU grads are working in Bangalore partner Ganesh Prasad’s team, where Khan was involved in such big ticket transactions as the Walmart Flipkart takeover, while Bharadwaj acted on the $300m Ola Hyundai deal.

Amar Sinhji, Khaitan executive director HR, commented in the firm’s press release: “We will continue in a steady manner on our growth path with our young leaders now driving this growth, while at the same time ensuring that we do not deviate from our culture and ethos.”

The firm’s press release boasted that the firm had “attracted some of the best legal talent from India and overseas”, while “the Indian legal market has witnessed dynamic changes this year. Be it the changed regulatory environment brought about by the Insolvency and Bankruptcy Code (IBC), changes in the regulatory framework on e-commerce, GST, or complex M&A and private equity transactions”.

“It has been a very busy year for us,” added Khaitan senior partner Haigreve Khaitan in the release. “The market was good from a foreign investment and strategic or distressed M&A perspective. We have been able to showcase our strengths across practices, on a number of complex and unique deals, involving diverse practices.

“We have emerged as a one-stop firm of choice for most of our clients when it comes to legal services. We are very pleased to work with clients from a variety of sectors, including defence, infrastructure, pharmaceuticals, real estate, fin-tech, securities, etc.”

Comments

Partner 5 Apr 2019, 12:56
+5 -0
What's a Counsel designation supposed to mean in law firms? Is this a pit-stop kinda thing?
Counselling 5 Apr 2019, 13:15
+27 -1
It means "acha kar rahe ho par bahut acha nahi"
kianganz 5 Apr 2019, 13:50
+3 -2
Well, at some firms it can be - Smriti Yadav on this year's partner list was a counsel (and perhaps others were too).
Guest 5 Apr 2019, 12:58
+36 -5
Well done Pashupati!!! Absolutley well deserved.
Guest 5 Apr 2019, 14:35
+4 -4
*Passupati
Ex D&D colleague 5 Apr 2019, 13:00
+15 -3
Aravind is a rock star !! He’s one of the most brilliant lawyers I have had the opportunity to work with.
Ex D&D 6 Apr 2019, 00:02
+6 -0
All ex D&D are rockstars and quit due to the terrible vicious atmosphere out there!! No one can become a rockstar with toxic rules and negativity and beggars pay. The very fact that people leave D&D and become rockstars whereas there are no internal rockstars within D&D speaks volumes!! Where would he be today if he stuck around? Licking boots of partner's who know nothing?
Bike 5 Apr 2019, 13:10
+21 -6
2 guys from 2011 batch as partners - what is happening to law firms these days??
Well wisher 5 Apr 2019, 13:20
+1 -0
Congratulations to everyone. Well done guys!
kianganz 5 Apr 2019, 13:21
+9 -1
Full disclosure, have singled out Rishabh Bharadwaj and Sanjay Khan Nagra in the article for being 2011 graduates, but I should note that Sanjay used to work with us many years ago on the MPL in case anyone were to accuse us of bias. :)
Guest 5 Apr 2019, 13:27
+4 -1
Kian, even the AZB promotion include 2011 batch grads. I think if time and resource permit, you should look into whether this is a new trend of the Big 6 average PQE you referred to, having been lowered in this year.
kianganz 5 Apr 2019, 13:33
+3 -0
Thanks for the reminder - true, Medhe Marathe is 2011 NUJS.

Would love to do this research again hopefully.

I should also add, if there are any other interesting angles about anyone in the list I may not be aware of (besides to Gunluites from 2011 from the same team) would be happy to update.
Guest 5 Apr 2019, 13:48
+0 -2
Even Trilegal has a 2010 NUJS graduate as an equity partner.
Women% 5 Apr 2019, 13:35
+11 -8
Kian - not sure why this focus on % of women being made partners. Women are promoted because of merit and not because a firm is seeking to better its sex ratio!
kianganz 5 Apr 2019, 13:37
+14 -4
True. But it also helps to have enough women around in senior ranks at a firm to be able to do that (and not to have a partnership committee that exclusively consists of an old boys' club).
Observer 5 Apr 2019, 13:42
+7 -0
Anisha is a 2011 grad too! Not just Sanjay and Rishabh.
kianganz 5 Apr 2019, 13:48
+2 -1
Thanks, have updated the article.
Flipkart and Ola 5 Apr 2019, 14:40
+3 -4
Anisha has worked on Flipkart and Ola too. Kian, please update and avoid cherry picking
kianganz 5 Apr 2019, 14:49
+1 -0
Sorry, I'm sure she (and many at KCo) were involved, but Anisha was not mentioned in our Flipkart report sadly: https://www.legallyindia.com/corporatemna/khaitan-leads-for-flipkart-in-record-16bn-walmart-sale-with-sam-trilegal-20180509-9338
kianganz 5 Apr 2019, 13:50
+3 -0
Well, at some firms it can be - Smriti Yadav and Shailendra Bhandare on this year's partner list were counsel (and perhaps others were too).
Suckcess 5 Apr 2019, 13:53
+10 -3
Does it matter who you work with in order to be moved up?
Cheers 5 Apr 2019, 14:09
+6 -24
Congratulations, Anisha! Terrific competition lawyer. Well deserved
NoMan 5 Apr 2019, 14:12
+15 -6
Great to finally see elevations being done without any political bias. Pashupati and Tanvi are great lawyers who are grounded and talk sense and no fluff, unlike some of the “Senior” Partners.
Politics? 5 Apr 2019, 14:39
+8 -13
I don't understand this whole "political bias" that gets touted every time KCO promotions are announced. Being close to and working-well with other partners are a prerequisite for the jobs we do. An associate being affable and likable is not a bad thing. Every time someone gets promoted who the partnership is fond of it gets colored with a "political bias", reducing their merit and hard work.
Yumm 5 Apr 2019, 23:27
+3 -3
Thanks much for using the words “being close to” being a “prerequisite” for the work we do. You clearly are someone from the partnership or “close” to it. Actually now that I read it, I’m not sure whether this is a genuine comment or is sarcastic!
Junior G 5 Apr 2019, 14:15
+33 -11
Sanjay Khan Nagra's an inspiration. He's overcome unimaginable hurdles to get where he is today. I have massive respect for the person he is. Congratulations, Sir. You deserve it every bit.
Junior 6 Apr 2019, 02:00
+10 -1
Good one.
Junior 6 Apr 2019, 02:01
+19 -6
Sanjay Khan will replace Haigreve himself within the next two years.
Ex-KCO 8 Apr 2019, 07:05
+5 -1
Having worked with their team at one point, I cannot even begin to express how happy I am to see both Sanjay and Rishabh being elevated to partnership. Such amazing seniors to work with. Sanjay is really the most knowledgeable one in the office, and Rishabh the most hard working one (though Vineet Shingal still remains the then best team member :p). Wish them all the best in life!

Well deserved, you both!
ISUZU PARKING 5 Apr 2019, 14:35
+7 -6
Apna time kab aayega?!
NaMO 5 Apr 2019, 14:41
+4 -0
Bhaiyo Behno!!!
Badhai Ho!!!
Salary 5 Apr 2019, 14:43
+4 -3
Hope Partners must be getting 1 Cr plus and for counsel 80 lac plus (all inclusive).
Congrats 5 Apr 2019, 14:44
+5 -13
Congratulations Anisha! Absolutely brilliant. You are a great competition lawyer!
Comp Structure 5 Apr 2019, 14:50
+0 -1
Partnership in 8 years also means multilevel jumps in pay as well? A PA to Partner, in a year where Kco has disbanded the Associate Partner position..does that mean PA to direct ‘Partner’ level salary?
Guest 5 Apr 2019, 16:14
+7 -7
Congrats TAN!!! You’ve always been a rockstar
Lower Parel 5 Apr 2019, 16:44
+10 -2
The competition circuit seems clearly beleaguered, after hopping firms (Khaitan to CAM and then back to Khaitan) Anisha still made Partner. KCO Mumbai Competition needs shoulders which can heavy-lift.
Anti-competitive 5 Apr 2019, 17:09
+12 -8
Avantika and anshuman are big loss to KCO competition team. The practice has gone down the cliff after it.
Client 7 Apr 2019, 16:12
+1 -0
[...] current KCO Team. Sound legal advise and grounded Team
Decision making 6 Apr 2019, 10:22
+1 -1
The KCO core committe would know what they are doing if they are bringing Anisha back and promoting her. They would understand that everyone wants growth and also that not many have so many years of experience in competition law. The partnership offer may have been a part of the understanding while bringing her back in KCO
Losers 5 Apr 2019, 17:07
+6 -0
Counsel in KCO is end of the road. Counsel will become partner after change of government in 2023.
BTDT 5 Apr 2019, 17:36
+1 -3
Another mass exodus from Bombay lit team... Surprising how they have managed not to promote a single person as partner in Bombay lit in all these years. 5 yrs now.
Chaiwala 6 Apr 2019, 06:16
+2 -0
There was no exodus last year. Associates and SA moving is routine. Bombay lit is growing and how. Some really good lateral hires and a lot of SA promotions recognising merit this year. Watch out for them. Finally making it's presence felt and how
virage1 5 Apr 2019, 18:44
+0 -1
so the new designated Partners i assume must be getting around 80lacs-1cr in a year?!
Chaiwala 6 Apr 2019, 06:14
+4 -6
Easy. Revised pay structure also with in hand salaries at par with all law firms and that yummy bonus in KCO. It's the place to work in.

Reports and amount of shots consumed last night suggested some PA s also earned around 70-75 lakhs this year.

The fact that KCO did lesser partner promotions than AZB and JSA also elucidates the planned strategy and long term view being taken by the firm.
Real money 6 Apr 2019, 09:25
+2 -10
Are you kidding ? KCO equity partners would be getting at least 2 -3 crores CTC... 70 lakhs are for SAs. KCO s turnover is over 5000 crores.
ROFL 6 Apr 2019, 09:47
+4 -2
70 Lakhs for SA's . Going by the traditional 3-5x metric and let's say they need to bill 3.5cr individually. What are people smoking. That's not what partner billing is for most partners at top firms. (PS. I'm talking actual billing and not targets).
GM 10 Apr 2019, 06:34
+2 -0
The partners really need to buck up then. If you can't justify your 3x salary in billings, unless the team is profitable, what's the point as a partner.

There are a lot of Deadwood in all law firms in India which is set off against performing individuals. But as a partner, one must at least do 2.5-3.00 Cr to justify their pay.

No book and simple execution of tossed over work doesn't really make one a partner.
. 7 Apr 2019, 08:18
+2 -0
Can you please pass me some of that magic stuff you have been smoking.
Crap 8 Apr 2019, 08:17
+1 -0
5000 Crore?? Dude, this is India and no law firm here hits beyond three digit top line. Best of the best, richest of the richest. Period!!
kianganz 8 Apr 2019, 08:20
+2 -0
Must have been a stray zero: Khaitan revenues were around Rs 500 crore last year, according to Fortune: https://www.fortuneindia.com/people/haigreve-khaitan-portrait-of-an-institution-builder/101696

(we really should have covered this article at the time, but only found out about it a bit too late...)
huh?? 17 Apr 2019, 07:51
+1 -1
What???? 5K Crore
Are you kidding me?
By your numbers KCO has a 78% market share. LOL
https://www.consultancy.in/news/337/legal-market-worth-13-billion-the-top-largest-40-law-firms-in-india
Bakwas 10 May 2019, 20:41
+0 -0
At least have your numbers correct dear. Kuch bhi. And who might this star PA be?
Figuring it out 6 Apr 2019, 10:17
+0 -0
I dont think more than 75-90 for Partners who are not holding equity. Unless they are bringing in work.
Good 6 Apr 2019, 00:47
+3 -5
Congratulations Anisha. You deserved it :)
Choo Choo 6 Apr 2019, 01:30
+7 -0
Bangalore seems to be pulling a lot of weight here.
Observer 6 Apr 2019, 06:44
+11 -0
Bangalore has run a tight ship always. Geepee is very shrewd and knows his job. No surprises me thinks!
Best wishes 6 Apr 2019, 07:42
+11 -5
KCO Delhi Corporate partnership is one of the best these days with some very young partners taking the lead. My sincere wishes to all of them.
Vercingetorix 6 Apr 2019, 08:50
+2 -0
Someone asked this earlier, but what's the deal with some Indian Firms using the Counsel designation? Is it an equivalent to SA or PA or a step between PA and Partner?
Abhineeet 7 Apr 2019, 08:04
+2 -0
Congratulations Anisha and Aravind! All the best to you guys!
Fortune 500 client 7 Apr 2019, 16:17
+0 -0
Congrats all. well deserved.
Salary 7 Apr 2019, 18:27
+0 -0
Hi Kian - Any info on how much would these new elevated partners would be making now ?
ILS Rocks 8 Apr 2019, 03:40
+6 -0
Congratulations Soumya, Anushka and Tanvi
Congrats 8 Apr 2019, 07:47
+2 -0
No partnership promotions in Banking, considering that they were aiming to expand the practice...
Compman 25 Apr 2019, 09:47
+1 -0
[...] HK has to get some sharp guys to strengthen the comp team!!!