Media industry focussed firm Naik Naik & Co has hired two new partners from Wadia Ghandy & Co: partner Ashok Paranjpe joins as an equity and name partner while senior associate Leena Desai-Padhye came on board as a salaried partner.
Paranjpe specialises in real estate, banking and finance and disputes work and joined Naik & Naik on 1 May, resulting in a rebranding of the firm to become Naik Paranjpe & Company. He is a solicitor of the Bombay Incorporated Law Society and had been with Wadia Ghandy for almost 26 years and a partner for more than 20 years.
Former Wadia Ghandy senior associate Desai-Padhye will join Naik Paranjpe & Company as a non-equity partner in the corporate practice. She had been at Wadia Ghandy for around seven years and is a dual qualified Indian advocate and England & Wales solicitor.
Ameet Naik, the founding partner of Naik Naik & Co as it was then known, had also started his career at Wadia Ghandy.
“Ameet and I knew each other and we are at comfort levels with each other and we thought why not try setting up something new and taking it further,” commented Paranjpe.
Naik said: “We obviously wanted to grow in the areas of real estate, banking and finance and Ashok comes in with a lot of experience on the transactional side and tremendous experience on the dispute resolution side.”
The firm had also added around another seven lateral lawyer hires this month, added Naik, and already offered something approaching a full-service although it has focused on representing companies in the media sectors, such as Fame India, Reliance Mediaworks, Warner Brothers, BBC Worldwide and Viacom.
“The vision of the firm is really to be a full service firm – we are very solid on dispute resolution, IP and transactional work but we will be having basis in other cities – and the idea is to expand to second-tier cities, like Hyderabad and Chennai, and Delhi,” he explained.
“We are already in discussions and we will go out and recruit more and more partners from bigger practices and from smaller practices as well.”
Naik & Naik was founded by Ameet Naik less than seven years ago and has a total of 20 lawyers and five partners, of whom Naik and Paranjpe are currently the only equity partners. The other salary partners in addition to Desai-Padhye are Anuja Jhunjhunwala in real estate and retail and Madhu Gadodia in media, entertainment and intellectual property.
One Wadia Ghandy partner said the firm wished Paranjpe and Desai Padhye all the best in their careers.
Wadia Ghandy promoted three new partners in March.
Photo by: Looking Glass
Comments
[That came across more clearly in conversation, have inserted a comma to clarify. -Ed]
Delhi has the Supreme Court , has the finest lawyers from all over the country practicing including Mumbai's best- Fali Nariman, Soli J Sorabjee, Ram Jethmalani ...etc...
We have seen the drafting standards and litigation expertise of Mumbai lawyers - fit for Mumbai and ..well..would definitely work a charm in Pune or Nagpur...
Don't think any of the soliciting firms in Mumbai are anywhere near Karanjawala & Co. or the erstwhile JB Dadachanji & Co...
The fact is that MOST (though not all) Delhi lawyers are looked down upon by their counterparts in older colonial cities like Bombay, Calcutta etc. The drafting skills of most Delhi lawyers are appalling. Let's face it: Delhi is a city of shady businessmen, politicians and other wheelers and dealers. Delhi culture is exemplified by the fact that a clerk like RK Dhavan once became its most powerful man.
As a distinguished lawyer in Bombay once told me: In Delhi, anything goes.
of an average marathi manoos lawyer with
a survival level practice with a similarly
placed Delhi lawyer...you will find that both
aren't upto the mark.
The average ones are similarly placed as well.
You bombaywallas ought to get over urselves!
Especially the ones in lit practice, do
visit the delhi high court sometime..
you will find the most competent judges in the country...
if not for anything else its cleaner than the BOMHC !
try the samosa..its only when u try it ..wld u know what
i'm talking abt..
Stop comparing two cities with their own
unique identities and markets and worst of all stereo-
typing their people as.... !
For the record.. del is definitely not a tier
two city when it comes to legal practice.
Ps. Also face another reality,
Think bombay lawyers - the parsi legal community
& their firms / blessings = not a very impressive sight ;-)
Of the above-mentioned, some of their grandkids have studied law with us IN DELHI ;-)
Congrats to Naik Paranjpe & Co.
#3 - Do you even read these large sheets of paper delivered to your house early morning with advertisements, images and text, called NEWSPAPERS?! You'd know who Ameet Naik was if you did.
as a tier 2 city as regards the legal industry..is absurd!
[As previously discussed, this was something which came across better in conversation than in writing. Delhi was meant to be separate from Chennai and Hyderabad. -Ed]
Also, please read the notes of the Editor. They might be helpful when your poor English training causes a silly controversy to arise when there really was none.
Here are links for you, and if you don't know what to do with them, I'll help you out - PLEASE LEFT-CLICK ON THE BLUE UNDERLINED TEXT BELOW IN ORDER TO SEE WHAT I AM TALKING ABOUT WHEN I SAY 'LINKS'.
IN THE EVENT, THAT THE TEXT BELOW IS NOT BLUE AND UNDERLINED, SELECT THE TEXT WITH YOUR MOUSE POINTER AND COPY-PASTE THAT INTO A NEW INTERNET EXPLORER/GOOGLE CHROME/MOZILLA FIREFOX WINDOW:
1. http://www.moneycontrol.com/news/cnbc-tv18-comments/retailers-multiplex-owners-seek-fin-reliefdelhi-hc_394327.html
2. http://economictimes.indiatimes.com/features/business-of-bollywood/More-films-getting-embroiled-into-legal-matters/articleshow/5108064.cms
3. http://timesofindia.indiatimes.com/Mumbai/Same_script_2_films_Big_B_movie_caught_in_legal_row/articleshow/3266574.cms
For instance, if I wanted to pursue litigation - Delhi would be it. Capital markets, Mumbai.
#4 and #6 - Sorry to say, but not only are you ill-informed, your opinions are quite baseless and disgraceful.
Can people who jump at any and every opportunity to bad-mouth Delhi please get over themselves? Delhi is NOT a city of "shady businessmen" as you describe. I don't even need to justify its standing as regards other cities in India. Just like Mumbai is NOT full of slum clusters. You are extremely small and petty for thinking on those lines. Stereotyping, much?
Anyhow, these series of comments reflect on the abissmal standards of discussions between law students / lawyers.
Congratulations to Naik & Paranjpe.
kindly refrain from making the political and the business capitals of the country look this insecure.
[Only insightful comments on the Delhi v Mumbai debate will be posted on this story from now. Any trolling will be moderated as being off-topic. -Ed]
http://www.frontline.in/fl2703/stories/20100212270304600.htm
Delhi clearly appears to be the champion in so far as appeals to the SC are concerned.
I believe the subject matter of the article posted at the above link is good food for thought for lawyers, leaving aside the debate whether Mumbai is good or Delhi.
Thanks & Regards
[You can try firstnamelastname [at] nnico.com
-Ed]
on a 'connected' note, the move towards judicial accountability should not be restricted only to sitting judges and their acts/deeds during their tenure.
it should be extended to include a period of 5 years (minimum) post-retirement for HC/SC judges. how many of us know judges who lived, spoke and thought in thousands prior to elevation to the bench.. then lived, spoke and thought maybe lakhs during their tenure... and then took retirement within months or a few years and Voila! crores and crores all over!!!
Indian judiciary zindabad... may the young ones benefit as well, what the hell!