L&L Partners has begun the process of rebuilding its capital markets practice and is finalising the hire of Jitesh Shahani, currently Allen & Overy (A&O) senior associate in Singapore, as well as Luthra alumnus and Nalsar Hyderabad 2005 graduate.
According to authoritative sources, L&L has made an internal announcement that Shahani would join the firm as a partner in Mumbai, though he is unlikely to leave Singapore for India before his notice period expires in October or November.
He is expected to join L&L by some time late this year.
We reached out to L&L senior partner Mohit Saraf, who commented: “Absolutely delighted to welcome Jitesh back to the firm.”
“He started his career as an associate at Luthra and he has actually done a long stint in Singapore”, said Saraf, noting that Shahani had a lot of experience in both equity and debt capital markets.
“We are in the middle of looking at more hires,” he added. “We are feeling determined to have a strong capital markets in Delhi and Mumbai.”
Shahani had joined A&O with capital markets partner Pallavi Gopinath Aney in June 2019, who had joined from Baker McKenzie.
Shahani and Aney declined to comment when contacted.
The Nalsar alum had worked at Luthra & Luthra, as it was then known, from 2005 to 2010, then completed an LLM in corporate law from New York University’s law school, and joined Linklaters Singapore in 2011.
In 2015 he joined Ashurst for a year, and then Baker McKenzie in 2016.
L&L’s capital markets practice had been rocked by our report earlier this month about four of five capital markets partners, led by senior-most partner Manan Lahoty, due to be leaving for IndusLaw.
Echoing Saraf’s comments of today, L&L at the time vowed to, “in years to come”, build a “better and highly profitable capital markets practice”.
Comments
was already signed pre manan exit
That's the question the nation wants to know.
Only a matter of time before JS realises his mistake. Ghar wapasi is not all that as it is painted out to be here.
We need to look at the bigger picture here. The Firm is looking beyond Lahoty. This move is not to deal with the Lahoty move but to make good use of the opportunities for Indian firms given Brexit and the Hong Kong situation. While others are scared of foreign firms coming to India, the Firm is ahead of the game. Watch out Links, Clifford Chance, Allen Overy!
Sure, that sounds like LL's competition. Why not.
This is why the management feels the need to threaten associates to stay- because this plan has has been in the works for so long!
Kian, you should speak to some associates about how they are being harassed by the management, being sent threatening emails and subject to hostility. They dangled this carrot only after over a month of threats, so for all those who are thirsty for conspiracies out there- would they have held on to the news about this golden goose for a month while associates were resigning left right and centre?
Calm and collected and diligent to the fault, he is perfect to usher in some much needed process correction in L&L. the market knows it and naysayers you will see it.
all the best JS.