SAM promotes 61 to various associate ranks • Delhi sees 54% of action • Corporate tops, followed by Delhi lit

Thursday, 11 April 2019 By Legally India Law firms

21 new principal associates, part of total of 61 associate promotions at SAM
21 new principal associates, part of total of 61 associate promotions at SAM

Shardul Amarchand Mangaldas has promoted 21 of its lawyers to principal associate level, as well as four new principal associate designates, and 36 of its lawyers to senior associate level. Out of the total of 61 promotions across various ranks, Delhi saw 33 promotions, closely followed by Mumbai.

21 new principal associates

13 in Delhi, 7 in Mumbai, one in Kolkata.

The corporate practice area had 8 new PAs (with a nearly even split between Mumbai and Delhi), closely followed by disputes at 6 (all of which were in Delhi).

Two each were promoted in capital markets and banking. Competition, projects and IP each saw one new PA.

  1. Aman Singh Sethi - Competition Law | Delhi
  2. Angad Kochhar - Dispute Resolution | Delhi
  3. Davis Kanjamala - General Corporate | Mumbai
  4. Deepa Rekha - General Corporate | Mumbai
  5. Karuna Thapa - General Corporate | Delhi
  6. Maidini Phul - Intellectual Property | Delhi
  7. Malak Bhatt - Dispute Resolution | Delhi
  8. Medha Sachdev - Dispute Resolution | Delhi
  9. Navruz Vakil - General Corporate | Mumbai
  10. Reena Choudhary - Dispute Resolution | Delhi
  11. Richa Srivastava - Dispute Resolution | Delhi
  12. Rohan Jain - General Corporate | Delhi
  13. Sagar Manju - Banking & Finance | Mumbai
  14. Sagarnil Banerjee - Capital Markets | Mumbai
  15. Shantanu Tyagi - Dispute Resolution | Delhi
  16. Shiladitya Banerjee - General Corporate | Kolkata
  17. Shraddha Krishnan Dash - Capital Markets | Delhi
  18. Shrutikirti Kumar - General Corporate | Delhi
  19. Taranjeet Singh - General Corporate | Mumbai
  20. Utkarsh Bandhu - Banking & Finance | Mumbai
  21. Veena Kolachina - Projects and Project Finance | Delhi

New PA-D
New PA-D

4 new principal associates designate

Amongst the principal associates designate, Delhi saw 3, Mumbai 1.

  1. Aditya Nayyar Dispute Resolution | Delhi
  2. Piyush Karn Projects and Project Finance | Mumbai
  3. Rohan Sharda General Corporate | Delhi
  4. Vaibhav Bhardwaj General Corporate | Delhi

36 new senior associates

17 of them are based in Delhi, 14 in Mumbai, 1 each in Kolkata, Chennai, Bangalore and Gurgaon.

Here corporate saw the most again, at 16, followed by disputes with 10, and banking and finance at 4. Projects had 2 new senior associates, and one each for tax, capital markets

Disputes again, unsurprisingly, was heavily weighted in favour of Delhi, making up 7 of the total, though Mumbai promoted two there.

  1. Aakanksha Dalal- General Corporate | Delhi
  2. Abhijit Mukherjee- Projects and Project Finance | Mumbai
  3. Abhishek Garg- Tax | Delhi
  4. Aditya Parolia- General Corporate | Mumbai
  5. Akansha Singh- General Corporate | Mumbai
  6. Akshay Sharma- Dispute Resolution | Delhi
  7. Alekhya Donepudi- General Corporate | Bangalore
  8. Amee Rana- Dispute Resolution | Delhi
  9. Anand Raja- Dispute Resolution | Delhi
  10. Anish Jaipuriar- General Corporate | Delhi
  11. Anusha Ramesh- Dispute Resolution | Delhi
  12. Atika Vaz- Dispute Resolution | Mumbai
  13. Avichal Mathur- General Corporate | Mumbai
  14. Avlokita Rajvi- Dispute Resolution | Delhi
  15. Ayush Sharma- General Corporate | Gurgaon
  16. Charu Misra- Banking & Finance | Mumbai
  17. Davender Kumar Punia- Intellectual Property | Delhi
  18. Dhananjai Charan- Banking & Finance | Mumbai
  19. Diya Das- General Corporate | Delhi
  20. Kanwardeep Singh Kapany- General Corporate | Mumbai
  21. Mrida Lakhmani- Banking & Finance | Mumbai
  22. Nandita Chauhan- Dispute Resolution | Delhi
  23. Pracheta Redhu- General Corporate | Mumbai
  24. Pragya Seth- General Corporate | Mumbai
  25. Rajashree Ravi- General Corporate | Delhi
  26. Rishabh Jogani- Dispute Resolution | Mumbai
  27. Sakabda Roy- Dispute Resolution | Kolkata
  28. Sangamitra Sankaraiah- General Corporate | Delhi
  29. Sanjana Sharma- Dispute Resolution | Delhi
  30. Shantanu Chaturvedi- Insolvency & Bankruptcy | Delhi
  31. Swati Lal- Banking & Finance | Mumbai
  32. Tanvee Vasudevan- General Corporate | Mumbai
  33. Teza Jose- General Corporate | Chennai
  34. Trishita Dasgupta- Capital Markets | Delhi
  35. Yash Kothari- General Corporate | Ahmedabad
  36. Rahul Khattar- Intellectual Property | Delhi
associate promotionsShardul Amarchand Mangaldas

Comments

Final Year Student 11 Apr 2019, 14:24
+7 -3
Hello Everyone

Non-NLU student here. I have just secured an offer with a Tier I law firm. While I know the CTC I would be getting at entry level, I am having a hard time finding recent figures on the career progression in law firms. Specifically, how many years on an average it takes for one from Associate to SA to PA to Partner? (I hope I haven't missed a rank in between)

What's the average compensation at each of these level in Tier 1 law firms. I am also getting an in house position with a reputed MNC where the pay is slightly less but they are way more transparent when it comes to future trajectory of my career. Also, having interned there the office environment is a lot more methodical and stress-free. I am willing to take the pay cut unless working in a firm pays exorbitant dividends in the long run.
Guest 11 Apr 2019, 14:48
+3 -4
Recently tier one firms like AZB and Trilegal have elevated people with 8-9 years of work experience as partner. Usually 10-12 years is the norm if you are good enough. Fresher salary in most tier one firms is around 16-18 lakhs with bonus now. Salaried partners should get at least 1.2-1.3 crores. Bonus components would vary a lot of course.
Scam 11 Apr 2019, 15:53
+2 -0
What are CAM partners making ?
Hmm 12 Apr 2019, 01:29
+7 -0
The partner compensation packages you quote don’t sound correct at all. I believe that a lot of them - from tier 1 firms - make no more than 70L-1Cr Per Annum. Those making more are the exception.
Accurate 12 Apr 2019, 05:58
+5 -0
Absolutely right. Retained partners across the board make 55-75 lakhs in smaller teams, 70-90 in the top teams. 1.5 crore RPs exist but very far and few in between.
Guest 12 Apr 2019, 06:04
+0 -1
You are referring to the base payment. I included bonus in my estimate. Base payment scale of PAs and salaried partners in tier ones do not often vary much. It's the bonus that makes the difference.
@Guest 12 Apr 2019, 06:43
+4 -0
What are you saying dude! Its at best 70-90 for salaried partners including bonus.
Hmm 12 Apr 2019, 06:57
+1 -1
The bonus is a variable, in most cases performance and / or business dependant, component in pay. You would’ve had a point if every tier 1 firm gave over 35%-40% of annual pay as bonus, on a minimum. This, my dear, isn’t so, in almost all cases - including the “boutique firms”; speaking of the ones that are known to pay hefty bonuses. I am glad that you’re anonymous - god forbid if any client/ prospect were to get wind of your proven ability in Mathematics !
D7 11 Apr 2019, 15:23
+2 -0
Even I want to know the rough estimate of how much compensation is offered among the Big 6 ?!
Been on Both Sides 12 Apr 2019, 07:55
+5 -1
It appears that no one wants to answer your question directly, so is my advice: opt for the law firm.

Career progression is faster in a law firm, or at least in the bigger and/or more successful places. Increase in remuneration would also be faster in a firm. My suggestion even otherwise would be to start with the law firm. Soul-crushing slogging and unending drudgery is something one must experience and put behind in the junior years. It would also make your basic concepts strong and give you a good understanding of many aspects of the practise of law.

You have not mentioned the area of work that either of your options offer. Nonetheless, unless the MNC is offerring you something different or exciting, or will help you relocate abroad, etc., go for the law firm. It is much easier to move from a firm to an in-house role than the other way (which does happen, but is less common).

(To be clear: I fondly remember my in-house days. "Life" was many degrees better. However, I decided wanted to do something different.)
Final Year Student 14 Apr 2019, 10:53
+1 -0
Thank you so much. My firm profile would be general corporate but the MNC is a combination of many things. I am still tilted towards the MNC because I have worked both at the MNC and the firm and let's just say it's not the most ideal working environment at this firm but maybe it's just my internal rationalization to avoid those long dreaded hours I had to pull in as an intern.
Been on Both Sides 15 Apr 2019, 20:14
+5 -0
Well, go for it, then. Sounds like the MNC offer is the better one in your eyes. At the end of the day, you should have the satisfaction of having done what [i]you[/i] wanted to do. But don't expect a comfy, 9-to-5 sort of a job. Most MNCs have under-staffed legal teams and expect a great deal of productivity out of them. You will be expected to slog, but, yes, late nights will be few and weekends and holidays will be respected.

[b]Best of luck[/b]! :)
Alias 11 Apr 2019, 14:31
+44 -1
I year: Intern
II year: Senior intern designate
III year: Senior intern
IV year: Principal intern designate
V year: Principal intern
JSA 11 Apr 2019, 14:51
+13 -0
Karuna, Aakanksha and Anish - bhokaal!!!
Partners? 11 Apr 2019, 16:55
+4 -1
What about Partner Promotions? Does SAM announce them later?
Guest 11 Apr 2019, 18:22
+5 -0
Atika vaz - congratulations! Very well deserved!
Babuji 11 Apr 2019, 20:09
+3 -0
Mera aashirwaad sabke saath hai !!
Kal Tak 11 Apr 2019, 21:07
+18 -0
Arrey kuch demotions bhi zaruri hain. Sabse pehle poore HR ko fire karo SAM ke.
aaj Tak 12 Apr 2019, 08:43
+3 -0
arre bhai woh gurgaon mein job dundh rahe hai!
Excellent 12 Apr 2019, 01:23
+3 -4
Each of these lawyers represent SAM’s commitment to quality and excellence. There will always be haters and some mistakes made along the way to greatness, and SAM’s success proves this beyond doubt.
@Excellent 12 Apr 2019, 06:47
+6 -1
Kya ho gaya bhai! Mujhe to koi hate comment ya hater nai dikh ra hai. Tumhara mood kyu itta kharab hai?
ExSAM 12 Apr 2019, 08:26
+7 -0
Seems like they got to you bro.

Was this vetted by SAM before you posted it here, or is the other way round ;) ?
Guest 12 Apr 2019, 05:17
+9 -2
This is barely newsworthy. Can understand partner level promotions or moves, but seriously this?!
Accurate 12 Apr 2019, 05:59
+13 -2
HR has been working overtime to get the infographics and headshots in place, pls take some pity
fml 12 Apr 2019, 05:59
+10 -1
PA designate is such an unnecessary title
kianganz 12 Apr 2019, 06:24
+15 -0
So by 'barely' you mean that it is at least a little bit newsworthy? Good, because we'll be doing a few more in the coming days :)

Jokes aside, though, I think it sheds a useful light on the internal pipeline and also strategy, regarding offices and practice areas... Plus, it's nice for associates to also get some love on LI, rather than just partners all the time.
GUEST1 12 Apr 2019, 06:30
+3 -1
Akansha - Not just an amazing lawyer but also a gem of a person.

Good luck for the journey ahead :)
??? 12 Apr 2019, 07:10
+3 -2
I know for fact [...] is a rockstar in [...] law, and even otherwise (from what I hear from his colleagues). I always thought he was a [...]. Why is he now becoming a [...]? In fact, why isn't he partner by now?

Something I don't know?
??? 12 Apr 2019, 07:35
+5 -0
@Kian - Matlab itta censor kia ki now its sounding gibberish :(

Initials wagera use kar lia hota! Practice area bhi nai mention kia? Website chal gai to dosto ko bhul jaoge? Yahi pyar, yahi dosti?

Anyways (abt the guy I inteded to refer) - Londa stud hai. Thats all.
Been on Both Sides 12 Apr 2019, 08:02
+1 -0
Heh heh. Actually, the real story is [censored]. So, which is why [censored] [censored]. But that's okay. Happens in life. A year or two here and there are fine, you know.
Ex Colleague 12 Apr 2019, 07:34
+5 -0
Congratulations Shruti!!!!!
So, so, so well deserved. So proud of you.
HR No. 1 12 Apr 2019, 10:29
+5 -0
1. Offered a callback. We "guarantee" it says Partner.

2. Partner then says no vacancy.

3. No internship certificate till date, after nearly 6 months.

Excellent.
Prof 14 Apr 2019, 05:33
+0 -0
Three promotions in a small IP team. Seems they are doing really well.
Satinder Singh Satta 16 Apr 2019, 22:40
+3 -1
More gems than De Beers it seems, not enough lawyers though!
Commenting is closed for this article.