Trilegal latest to be baffled by Hyderabad: To close office gracefully after partner Pavan Kumar exits

Trilegal closes office but does not abandon Hyderabad, as Pavan Kumar to go independent
Trilegal closes office but does not abandon Hyderabad, as Pavan Kumar to go independent

Trilegal has decided to close its Hyderabad office and to service existing clients from Bangalore, after its only partner in the city, Pavan Kumar, has decided to go independent. We have

2003 Nalsar Hyderabad graduate Kumar, who had started his career at Amarchand Mangaldas in Mumbai, had joined Trilegal in 2010 from local firm DS Associates, of which he was co-founder.

Bangalore co-founding partner Rahul Matthan said: “Pavan has decided to move on. He’s got other plans, and we figured that it makes more sense to focus on the entire Southern region through Bangalore, as opposed to trying to keep Hyderabad going without Pavan.”

He added that anyone working in the office would be absorbed into other offices, if they wished to move.

While the firm still had clients in Hyderabad, which it would continue to support, Matthan said: “We wouldn’t keep an office without a partner: I don’t think that’s the way Trilegal functions, I don’t think it’s good for the associates and I don’t think it’s good for the clients as well.

“When we’re running an office out of Bangalore, it’s best to be upfront to clients with what we’re doing.”

Different times

Back in 2010, echoing a wider enthusiasm in the economy and the legal industry for the city, Kumar had said that “Hyderabad is one of the most emerging markets as you can see” and that “I think in five years the Hyderabad office [of Trilegal] can be as big as the Bangalore office – you really can’t put a tab on where the market will go”.

Trilegal’s co-founding partner Anand Prasad, who has since retired but was the “visiting partner” in charge of Hyderabad back then, had agreed that there was major scope for growth in Hyderabad.

Times have obviously changed, of course sped along in part by the bifurcation of Andhra Pradesh and Telangana.

Matthan told us he was surprised the city had not grown as much as anticipated - “there have been a lot of firms in the market for some time” - but other than the split of the state having “taken its toll”, he was not entirely sure why national firms had been struggling to build a permanent footprint in Hyderabad (we reported exclusively earlier today that Cyril Amarchand Mangaldas had lost three partners in a row in Hyderabad and is likely to operate its office from Bangalore now).

“I don’t think there’s any market that can’t adapt to building its own dynamics and price points,” said Matthan, adding: “I don’t think there’s anything about Hyderabad, as it were, that doesn’t lend itself to that.”

That said, he noted that the Hyderabad office under Kumar had never costing the partnership money or “running at a loss or anything like that”, and that the technology, infrastructure and real estate markets in Hyderabad remained interesting.

Update 30 January 2018: Thought it worth adding that notwithstanding CAM downsizing and Trilegal closing in Hyderabad, we have been informed that several firms are still verybullish about Hyderabad, such as Tatva Legal, Samvad Partners, and IndusLaw, FoxMandal, Luthra & Luthra and Kochhar & Co also maintain offices there amongst the national firms.

Comments

Gopu 29 Jan 2018, 15:05
+3 -0
All the best pavan!

LI- Article needs copy editing.
fan 30 Jan 2018, 05:34
+0 -2
Rahul is so charismatic. Hyderabad is a dead market. CAM should also be as sensible and shut down Hyderabad.
Correction 30 Jan 2018, 07:30
+9 -5
Hyderabad is not a dead market. It's a thriving market. It's the cyber capital of the country. It's just that the clients there are sensible enough not to go to overhyped overvalued law firms.
Well Wisher 30 Jan 2018, 06:48
+0 -0
In my logical opinion, I think Pavan and Harita will start something of their own.
Couldnt agree more 30 Jan 2018, 07:05
+0 -0
Yes, certainly sounds like it. More power to them.
Reverse snobbery 30 Jan 2018, 11:20
+1 -0
Hyderabad clients will pay higher fees to the Delhi and Mumbai offices of firms that have Hyderabad offices than to the local office. Strange.
Guest 30 Jan 2018, 12:37
+2 -6
The bifurcation of Andhra has harmed the legal economy of Hyderabad. Telangana has a useless CM. Better to invest in Amravati under Chandrababu Naidu.
Prophecy 31 Jan 2018, 13:26
+0 -1
Upasana has been doing fantastically in Delhi. Rumour is that she is opening a firm in Delhi with her big clientele. Apparently intends to move with her loyal team.
YamlaPaglaDeewana 3 Feb 2018, 12:35
+0 -0
CAM is headless and now Trilegal is ashed up. More power to local law firms that are not associated with the Tier 1s.
name the firms please 6 Feb 2018, 08:02
+1 -0
local firms ? can you name a few besides Tatvalega, LKS and Dua ?

Hyderabad is still to take off. It would take off; but when is the question to ask for.
HYD 7 Feb 2018, 09:02
+0 -1
Tempus, Grandhi Law Chambers (GLC), Hyderabad Law Associates (HLA), Samvad Partners etc. Each their own strength center. There are at least 20-30 small/mid-sized firms in Hyderabad such as this who have large client bases and do very well, and are mostly uninterested in expanding to BOM/DEL markets.
seriously ? 8 Feb 2018, 09:23
+0 -0
I wanted names of big firms with considerable presence in the city. There is none FYI, except for LKS.