Youngest JSA equity partner Ravichandra Hegde follows footsteps, 4th to leave for independent counsel lure

Ravichandra Hegde latest to moves from JSA to independence
Ravichandra Hegde latest to moves from JSA to independence

J Sagar Associates (JSA) Mumbai-based disputes equity partner Ravichandra Hegde will be the fourth JSA partner to leave the firm for independent practice, according to a JSA press release yesterday.

Hegde, a 2004 Karnataka University College of Law graduate, who holds an LLM from Mumbai University, had been at JSA for 11 years now, after having worked with AZB & Partners from 2006 to 2008.

“Counsel practice has always been my dream, and I thought this is the right time,” he explained.

He had been promoted to partnership in February of this year - he said that at 36 years-old he was the youngest equity partner in the firm - and has focused particularly on dispute resolution in the securities, white collar crime space and money laundering.

“Now I’ll be focusing more on everything, not confining myself only to securities litigation,” Hegde said.

He will be finishing the handover of existing matters by next week, and would continue working with JSA on matters where clients required it, and perhaps on other matters too, he said.

He is the third JSA partner to opt for independent counsel practice in recent years, after Somasekhar Sundaresan in 2016, Murali Ananthasivan and Mansoor Ali Shoket.

“I am just walking in their steps,” said Hegde.

JSA’s senior partner Berjis Desai, upon retirement, had also set up his own practice, while ELP managing partner Rohan Shah had opted for independent tax practice.

Advaita co-founding partner Sujit Ghosh had left in July to pursue independent arguing counsel ambitions, Wadia Ghandy partner Kunal Vajani left in April to start a chambers, and DSK partner Balbir Singh left DSK in 2015, eventually becoming a senior counsel.

Back in 2014, JSA partner Promod Nair also opted for independent practice.

Comments

Market Watcher 24 Oct 2018, 07:28
+4 -3
JSA is finished in securities litigation; a field they were the leaders at just a few years back.
Standing counsel 24 Oct 2018, 07:46
+3 -0
Mansoor is not into independent counsel practice. He runs a TMT law firm. Kian, you may like to correct the story.
Platinum 24 Oct 2018, 09:54
+0 -0
Missed Platinum Nihar Mody in the story
Guest 24 Oct 2018, 09:59
+4 -0
Did you read about cam betraying Chanda Kochhar?
Interesting 24 Oct 2018, 11:38
+1 -0
https://m.economictimes.com/industry/banking/finance/banking/law-firm-cyril-amarchand-mangaldas-withdraws-report-that-gave-clean-chit-to-kochhar/articleshow/66338242.cms
Guest 24 Oct 2018, 13:32
+3 -0
Kian You missed Zerick Dastur

https://www.legallyindia.com/law-firms/jsa-bombay-partner-zerick-dastur-to-go-independent-for-slightly-different-counsel-practice-20170217-8316
WBC 24 Oct 2018, 13:43
+4 -0
Wonder why such highly paid partners of top firm get into counsel practice?
It is no cakewalk to get matters as a counsel as there is a close knit counsel-firm nexus in Mumbai. It is usually sons of judges who have familiarity that get most briefing.
Bravo to those who are doing this.
You see 24 Oct 2018, 17:03
+3 -1
You see, this happens for a better and relaxed life. Being a partner law firm, ensuring adequate inflow of revenue and managing the work is a tough thing to do.

Moreover, if you do not intend to feed the firm and retain most of what you generate for the firm, going independent is a good thing to do. This, of course, happens when you overshadow above the firm and people in the market come to you and not the firm for advice.
Guest 26 Oct 2018, 06:14
+2 -2
Is there something black in these lentils?
Baby Face 6 Feb 2019, 17:12
+0 -2
I was wondering the same. Have heard a few rumours.