According to a press release from the Cyril Amarchand Mangaldas (CAM), yesterday was “an important day for the firm” after it has announced the “newly formed CAM governance structure for the practice areas, the constitution of various committees” which will be effective immediately and “form the framework that will help us move towards the aspirations we have set for ourselves”.
Cyril Shroff chairs three out of five national practice areas (general corporate, capital markets and dispute resolution), while L Vishwanathan chairs the two finance practice groups (project finance and banking).
All eight regional practice area committees also report to Shroff, which would “advise me and assist me in taking forward the various initiatives on the relevant topics”, Shroff said in the statement.
Three partners will be or have moved from the Mumbai to Delhi offices: projects partner Ramanuj Kumar, tax partner SR Patnaik, and private client partner Rishabh Shroff.
Shroff said in the release:
As the new structures gathers momentum and people grow into the roles they have been assigned, I expect that this will drive further growth in firm.
We had chosen a single leader model with all decision making vested in me as MP. But I was to be supported by a broad based partner group to assist me in the governance of the firm.
The competition practice in the Mumbai region is headed by partner Nisha Uberoi, while the Delhi region’s head is yet to be decided.
The employment practice is headed by partners Rashmi Pradeep and Manishi Pathak in Mumbai and Delhi respectively.
Partner Ipsita Dutta heads up the Mumbai financial regulation practice, while former Shardul Amarchand Mangaldas partner Ranjan Negi heads up the Delhi intellectual property (IP) practice.
The private client practice in Delhi will be headed by partner and Cyril Shroff’s son Rishabh Shroff, who is relocating to the city from Mumbai, while partner Radhika Gaggar will head it in Mumbai.
The real estate practice will have two co-head partners each in Mumbai and Delhi: Sandeep Dave and Namrata Kolar (Mumbai) and Harry Chawla and Gyanendra Kumar (Delhi).
The Mumbai investment funds practice will be headed by partner Ashwath Rao in Mumbai, while SR Patnaik will head the tax practice in Delhi.
Strategy
The firm has also set up 15 internal strategic committees, each of which includes several partners, one or more members from the founding family (Cyril Shroff, Vandana Shroff and their son Rishabh Shroff, daughter Paridhi Adani and daughter-in-law Saloni Shroff, who had married into the family in 2011).
Those committees also include “special invitees from time to time” and “independent members”, including former Boston Consulting Group (BCG) director James Abraham, ex-Slaughter and May partner George Goulding,
Founder of the Pangea3 legal process outsourcing company (LPO) Sanjay Kamlani will be one of the independent members on the firm’s technology strategy committee.
Former Amarchand partner V Umakanth, who is now professor at National University Singapore, is involved in campus and alumni relationships, and the academic council and training committee.
All 15 committees:
Business Review, Clients & Industries, Partner Promotions, Partner Remuneration, Risk & Compliance, Conflicts, Technology Strategy, Campus Relationships & Alumni, Delhi Executive Committee, South Executive Committee, Knowledge Management, Young Partners, Young Leaders, Academic Council & Training, Prevention of Sexual Harassment
Also read: Cyril Shroff in-depth interview from May 2015 about new strategy
National structure practice areas
| S. No. | Practice Area | Chair | Co-Heads | Dy. Head |
|---|---|---|---|---|
| I. | General Corporate | Cyril Shroff | Ashwath Rau, Harry Chawla & Reeba Chacko | Nivedita Rao |
| II-A | Finance – Banking | L Vishwanathan | Leena Chacko & Avinash Umapathy | Amey Pathak |
| II-B | Finance – Projects | L Vishwanathan | Jay Cheema & Santosh Janakiram | ----- |
| III. | Capital Markets | Cyril Shroff | Yash Ashar & Arjun Lall | Gaurav Gupte |
| IV. | Dispute Resolution | Cyril Shroff | Neeraj Sharma, Guari Rasgotra, Sharad Mathkar & V P Singh | ----- |
Regional structure practice areas
| S. No. | Practice Area | Chair | Mumbai Region Head (incl. South) | Delhi Region Head |
|---|---|---|---|---|
| I. | Competition | ----- | Nisha Uberoi | [TBD] |
| II. | Employment | ----- | Rashmi Pradeep | Manishi Pathak |
| III. | Financial Regulation | ----- | Ipsita Dutta | ----- |
| IV. | Intellectual Property | ----- | ----- | Ranjan Negi |
| V. | Private Client | ----- | Radhika Gaggar | Rishabh Shroff |
| VI. | Real Estate | ----- | Sandeep Dave Namrata Kolar | Harry Chawla Gyanendra Kumar |
| VII. | Investment Funds | ----- | Ashwath Rau | ----- |
| VIII. | Tax | ----- | ------ | S R Patnaik |
Firm committees
| 1. Business Review | · Partners: L Viswanathan, Ashwath Rau, Harry Chawla, Gauri Rasgotra, Reeba Chacko · Founder Family: Vandana Shroff · Independent: James Abraham, George Goulding · Special Invitee from time to time: S H Bhojani · Non-Voting Member(s): Padmini Singh, Ashwin Maheshwari · Special Invitee from time to time: Anish Tripathi · Chief Coordinator: Padmini Singh |
|---|---|
| 2. Clients & Industries | · Partners: Leena Chacko, Neeraj Sharma, Raghuram Raju, Alice George, Yash Ashar, Nisha Uberoi, Arjun Lall, Nivedita Rao, Santosh Janakiram · Founder Family: Vandana Shroff, Rishabh Shroff, Paridhi Adani · Independent: James Abraham, George Goulding · Non-Voting Member(s): Anish Tripathi · Special Invitee from time to time: Avishek Prasad, Tanika Singh · Chief Coordinator: Hemant Khuman |
| 3. Partner Promotions | · Partners: L Vishwanathan, Gauri Rasgotra, Reeba Chacko · Founder Family: Vandana Shroff · Independent: James Abraham, George Goulding · Non-Voting Member(s): Jayanarayanan N R · Chief Coordinator: Jayanarayanan N R |
| 4. Partner Remuneration | · Partners: Ashwath Rau, Nivedita Rao, Harry Chawla, · Founder Family: Vandana Shroff · Independent: James Abraham, George Goulding · Non-Voting Member(s): Jayanarayanan N R · Chief Coordinator: Jayanarayanan N R · Special Invitee from time to time: Ashwin Maheshwari |
| 5. Risk & Compliance | · Partners: S H Bhojani, Neeraj Sharma, Tushar Mavani, Avinash Umapathy · Founder Family: Vandana Shroff, Saloni Shroff · Non-Voting Member(s): Ashwin Maheshwari, Padmini Singh · Chief Coordinator: Padmini Singh · Special Invitee from time to time: Internal Auditors |
| 6. Conflicts | · Partners: Leena Chacko, Yash Ashar, Shaneen Parikh, Srinivas Kilambi · Founder Family: Vandana Shroff · When needed, the MP can appoint an alternate if unconflicted the quorum of 3 is absent · Non-Voting Member(s): Padmini Singh · Chief Coordinator: Padmini Singh |
| 7. Technology Strategy | · Partners: Gyanendra Kumar, Shishir Vayttaden, Ranjan Negi, Arjun Lall, Arun Prabhu · Founder Family: Rishabh Shroff · Independent: James Abraham and Sanjay Kamlani · Others: Rajesh Pai · Non-Voting Member(s): Anish Tripathi · Chief Coordinator: Eshan Sharma · Special Invitee : TSG Group |
| 8. Campus Relationships & Alumni | · Partners: : L.Viswanathan/Ashwath Rau (alternates), Yash Ashar, Radhika Gaggar, Anshuman Jaiswal, Harsh Kumar, Namrata Kolar, Smruti Shah · Founder Family: Rishabh Shroff, Paridhi Adani · Independent: V Umakanth · Non-Voting Member(s): Akanksha Antil · Chief Coordinator: Avishek Prasad |
| 9. Delhi Executive Committee | · Partners: S H Bhojani*, Gauri Rasgotra, Harry Chawla · Founder Family: Rishabh Shroff *Not later than 31/03/2016 · Non-Voting Member(s): Simon Roydal · Chief Coordinator: Tanika Singh |
| 10. South Executive Committee | · Partners: Reeba Chacko, Arjun Lall, Rahul Sarella, Dorothy Thomas · Founder Family: Saloni Shroff · Non-Voting Member(s): Jijimon Joseph · Chief Coordinator: Shruti Arora (HR, Bangalore) |
| 11. Knowledge Management | · Partners: Pranav Sharma, Ashish Jejurkar, Shishir Vayttaden, Anuradha Mukherjee, Aarti Joshi, Gurpreet Ashar, G. Nagavalli, Akshay Jeet Bhatt · Founder Family: Rishabh Shroff, Paridhi Adani · Independent: To be Decided · Group will be split into a few sub-groups based on Practice Areas and topics · Non-Voting Member(s): Anish Tripathi · Chief Coordinator: Mahesh Ghanekar · Special Invitee: Suchorita Mookerjee, Ami Parikh (TSG) |
| 12. Young Partners | · Partners: Kirat Nagra, Nivedita Tiwari, Ritika Rathi, Aarti Joshi, Ganesh Rao, Smruti Shah, Nikhil Naredi, Ravi Kumar, Akshay Jeet Bhat, Ankoosh Mehta, Ipsita Dutta, Jimmy Joseph, Harita Rao · Founder Family: Rishabh Shroff · Will be sub-divided into 3 sub-groups for special projects · Non-Voting Member(s): Jayanarayanan N R, Madhumita Paul · Chief Coordinator: Tanika Singh |
| 13. Young Leaders | · A select group of associates who will be the voice of the associates to the MP · They will work with the Managing Partner on the various initiatives of the Firm. Special projects will be given · Will be selected after next ASSET evaluation w.e.f. 1/1/2016 · Will work with young partners or even on separate special projects · Non-Voting Member(s): Jayanarayanan N R, Madhumita Paul · Chief Coordinator: Tanika Singh |
| 14. Academic Council & Training | · Partners: Gyanendra Kumar, Manishi Pathak, Alice George, SR Patnaik, Shishir Vayttaden · Founder Family: Vandana Shroff, Rishabh Shroff · Independent: V Umakanth · Chief Coordinator: Kripa Mohan Joy |
| 15. Prevention of Sexual Harassment | · Partners: S H Bhojani, Leena Chacko, Niti Paul, Rashmi Pradeep + 1 NGO person · Founder Family: Vandana Shroff · Non-Voting Member(s): Jayanarayanan N R, · Chief Coordinator: Madhumita Paul |
Comments
2. New graduates Paridhi and Saloni have management roles? Child is the father of man.
3. Yash and Arjun are equivalents no matter that Yash previously led capital markets for the last decade.
4. Gupte who is Naredi's junior will supervise him.
5. Ashwath ( funds), Nisha (competition), Patnaik (tax), Negi (IP) are high risk no alternative exits and so need substitutes in second region. Urgently send me your Cvs.
6. Gauri Rasgotra appeArs more times in this press release than if you Google her!
7. Real estate is very important in CAM : it has more heads than General corporate.
8. The committees only serve to overemphasise the single leader model worsened by family kids being in every committee.
9. This is why India needs foreign law firms.
How's the power situation in Okhla?
Really guys?
Even spell check is not used now? What amazing editing.
time is for removing bureaucratic and committee structure and he is basically creating something which will eventually turn into a committee of coterie... try as much as i can, i cant imagine any positive coming out of it..
No good can ever come from make do committees and elaborate toothless management plans... What CAM should actually look at doing is jeeping its people happy, and from what i hear from my friends, that seems to be the last thing on their minds....
Its time Cyril wakes up and gets a reality check... Or else all the tortoises will move agead while the rabbit is sleeping!!
The first half was about how delegation of power makes people happy. Perfectly executed by CAM, mixed up the new and the old, made the new feel welcome and equal.
The second half was about how to ensure that such delegation does not look like a cover up. The second half also had pointers on how to effectively mask your true intentions!
A lesson to all students, either stick around for the entire class or don't execute based on the parts you were awake for!
Among all the names trotted out I could not find a single Muslim name. 14% of our population and yet none spotted. I am sure CAM is an equal-opportunities employer.
there are 5 bharuchas in the firm and they decide everything.
bharucha DIL threatens receptionists and associates and admin within 1 week of joining
bharucha daughter gets bonus as an intern when others dont even get a stipend
bharuchas use office car for personal work as they did not have driver till last month
bharucha son's driver uses office facilities and is paid by office
bharuchas have all veto powers
bharucha dogs actual dogs like pet dogs roam the office at all hours
All seminars are attended by Bharuchas or favourites of the daughter
bharucha daughter told ex associate not to forget that she is bharucha
bharucha son told ex associate not to forget that he is owner