Cyril Amarchand Mangaldas partners Shruti Rajan and Garima Joshi have been admitted to Trilegal‘s partnership, according to a press release from the firm.
Both are joining in Mumbai but it is understood that CAM intends to keep them to a three-month notice period, until 20 August.
Trilegal partner Charandeep Kaur commented in the release: “Their addition provides our corporate practice a big boost in the areas of financial regulatory, corporate governance and enforcement. Both have had prolific success in their previous roles and have specialized experience and skills which are a great fit to the firm’s existing tier 1 corporate practice.”
Rajan, an 2007 NUJS Kolkata graduate, had been heading the financial regulatory practice at CAM, while Garima, a 2009 NLU Jodhpur graduate, was a partner in financial regulatory, corporate governance and enforcements practice.
Both had been with CAM / the erstwhile Amarchand Mangaldas Mumbai for their entire careers after graduation.
Both grow
Cyril Amarchand Mangaldas managing partner Cyril Shroff commented: “We wish them all the very best.”
Comments
Times have changed, bonded labour no more. Many options for those hungry and foolish.
Sad to see that CAM is losing so many capable partners.
Also, as a CAM person, you must know that CAM never allows people to publish under their own name. People have written books and Mrs. Shroff has proposed to slap her own name on it and put a footnote that the actual author has “assisted”.
or sitc storm in tea cup
?
Given that CAM has been not so subtly hinting at letting go of a lot of people, I'm sure they wouldn't be particularly apprehensive about losing a few juniors in the process of losing a few partners.
While I've not worked with either of Shruti or Garima, I've heard generally good things about them, and wish them success at Trilegal! God bless.
There is no one to head regulatory practice which to my understanding is one of the money making practice of any firm.
Senior equity partners really need to wake and start managing the firm properly.
Here even a dog will be made partner provides he /she sticks around for 12 years with no self esteem and dances around the right people pretending to be working!. It's all about optics. When you become a partner, you realize you are still a dog. Just that they know your name!
And this is true for both the firms
1) FRP is pure advisory and major clients are foreign investors who pay mostly hourly. This revenue is gone.
2) IBC getting suspended will lead to loss of revenue from doing volume transactions. In any case, CAM was losing out on advising the prospective investors who normally pay better than acting for banks.
3) M&A and PE - don’t think the firm is doing big transactions (given the pandemic) and the market rumours. The firm was busy acting for PSU mergers when AZB and SAM were acting for actual corporate transactions.
I really hope the firm will be able to pay for 700 employees since acting as lenders counsel won’t help the firm to get enough revenue even after reducing the 20% pay cut.
I would actually worry about how trilegal will actually support their practice. They have not been able to really support other practices like funds or competition or real estate where the laterals have had to pretty much run on their own.
So are there guys fintech law specialists or are they experts in banking/financial laws (RBI Act, banking regulation act, NBFC rules etc....) ??
Maybe it's just gender diversity
With insiders who were once habituated to exchanging cursory remarks with the top management about the less prolific but more talented lawyers in the system (why else than to seal their fate!), now departing... wonder how every other confidante feels. It’s a systemic collapse I feel, and honestly I am pretty stoked.
Next what, will they dig out details of all those who left for Trilegal in the past?
The one junior partner staying behind can easily manage the current work load. The real FRP expertise for CAM is vested elsewhere in the GC team in any case.