LKS promotes 8 joint partners to partner level growing to 51 partners

Tuesday, 2 July 2019 By Legally India Law firms

Eight new LKS partners
Eight new LKS partners

Lakshmikumaran & Sridharan (LKS) has promoted eight of its joint partners to partner level, with effect from 1 April 2019, according to a press release.

Managing partner V Lakshmikumaran commented: “Each one of them are examples of passion, commitment, integrity and mentorship. They have been pivotal in the stupendous growth of their practices and the firm as a whole.

“I also feel proud to share that three out the eight professionals promoted to partner level, are females.”

The newly appointed partners are:

  • Rachit Jain, Customs and International Trade, Delhi
  • Sudharshan Singh Shekhawat, Technology Law, Delhi
  • Hemant Bajaj, Indirect Tax Litigation, Delhi
  • Jaya Pandeya, Intellectual Property Rights- Engineering, Delhi
  • Nupoor Agrawal, Indirect Tax Advisory, Mumbai
  • Lakshmi Menon, Customs and International Trade, Mumbai
  • Ratan Jain, Customs and International Trade, Mumbai
  • Atul Gupta, Indirect Tax Litigation, Allahabad

Lakshmikumaran added: “We go through an extensive exercise every year and have a dedicated appraisal committee overseeing the entire appraisal process.

“All the newly promoted partners have been made to go through an extensive panel assessment. They all have immense experience that will help us in expanding the scope of our practice and deliver meaningful value solutions by serving our existing and potential clients even better.”

Lakshmikumaran & Sridharan now has a total of 51 partners.

partnership promotionsLakshmikumaran & SridharanLakshmikumaran & Sridharan (LKS)

Comments

Bhot eet eeze? 2 Jul 2019, 12:18
+18 -0
What is a joint partner?

When you are no longer a joint partner are you a disjoint partner or an unjoint partner? Or dejoined? And why does LKS have so many Siamese Twins?
Guest 2 Jul 2019, 18:14
+12 -0
When you don't share a joint with your dearest colleagues, you cease to be a joint partner. Everyone knows that!
Wellwisher 2 Jul 2019, 15:18
+4 -2
Good going, Lakshmi! Congrats
Birdie 3 Jul 2019, 07:21
+8 -0
The partners who exceed targets in their established practices are shifted to another low revenue generating practices so that their salary can be deducted as a result of the factor system.
Appraisal 2 Jul 2019, 16:15
+38 -2
Dedicated appraisal team which tours India for two months and whose recommendations are routinely trashed... 360 degree appraisal which witnessed 180 degree u-turn mid way (on realisation that bonus payout will be large)... Net result of this colossal waste of time is typically 3-6 lakh bonus for 8-11 years PQE (exceptions exist which could be counted on one hand)... the notorious factor system where monthly salary of associates is habitually deducted... god forbid if a team exceeds the target, the team is restructured so that such deductions could continue... probably the only large firm with Junior Associate designation... its fiefdom of the princelings and not a law firm... Kudos to the 8 for putting up with such nonsense for so many years... they truely deserve the promotion...
JA 3 Jul 2019, 05:20
+3 -0
On that last point: JSA also has Junior Associates who are paid a fraction of what A0s in other Tier I firms make and are not eligible for bill share.
JA 3 Jul 2019, 07:26
+4 -0
KCO also has JAs who are paid significantly less than A0s. Even if some of them have prior experience.
True face 3 Jul 2019, 07:57
+4 -9
Dude, you need to update your knowledge before posting. Many of the things which you have stated have been abandoned/modified. Factor system seems to be notorious only for them who don't earn enough revenue and firm should be happy operating in that way. But there are many people who earn more also because of the factor system.
Please change your sources :-)
Birdie 3 Jul 2019, 09:54
+5 -0
And those who earn enough are shifted to newer practice areas ensuring that they don't earn enough and factor system kicks in resulting in lesser money flowing in his pocket ultimately.
Factor System 3 Jul 2019, 10:09
+5 -0
What am I? How am I? Why am I?
True Face 2 3 Jul 2019, 15:52
+5 -0
True face, pray tell us the average bonus the firm paid to the people with 8-10 year PQE...
Robin Hood 2 Jul 2019, 17:57
+2 -2
I feel you brother.
Who Rawat! 2 Jul 2019, 18:29
+8 -1
Ironic to see that a firm's press release gives the name of their newest partner completely wrong... and of the one who has been with the firm forever... Bad job LKS' HR!!!
kianganz 3 Jul 2019, 05:40
+4 -0
Thanks for pointing out, have corrected!
Insider 4 Jul 2019, 06:50
+2 -5
The LKS HR shared the correct names (check the photo)- it seemed an error from one of the two portals (B&B/LI- with the other one using that info).
kianganz 4 Jul 2019, 06:54
+3 -0
It was actually a typo in the press release text... The pic was correct though, yes...
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