Our Special Issue 3: A bluechip GC returns (SCOOP), 2 scary graphs, and why no one likes law firms anymore

Sneak preview of a very very scary graph
Sneak preview of a very very scary graph

First, apologies dear especially loved readers for the 3-day delay of last week’s newsletter: a seasonal cold had come around and felled me (but fortunately, since these days are rather busy, I’m now fully back on my feet again).

Second, without further ado, in this issue, still up to date and hot:

  • A big-shot GC who has quietly returned to his old home (BSE announcement presumably pending).
  • A brief rumination and 6 reasons of why so many senior law firm partners have recently been exiting the partnership life and ‘taking the black’ as arguing counsel instead.
  • Find out when Somasekhar Sundaresan is leaving JSA…
  • A sneak preview of some very, very interesting law firm research that’ll be published in Mint soon… The above picture is a mysterious excerpt from our sneak preview of a very, very scary graph.
  • If you want to hazard a guess for what this graph is of, please share in comments below and I’ll let you know if you’re right…

Our full newsletter goes out to paying subscribers only. The good news is that it’s very affordable and comes with a whole range of perks, other than supporting independent legal journalism.

Comments

GC returning 20 Jun 2016, 08:48
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[...]!!!
kianganz 20 Jun 2016, 08:53
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Sorry, had to redact because you were spoilering things! :)

Also, the guessing competition is supposed to be about what the excerpt of the scary graph is of :)
Guest 20 Jun 2016, 09:26
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Looks like a0 attrition.
kianganz 20 Jun 2016, 09:40
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Close, in the right ballpark, but not quite a cigar... :)

After the next guess I'll give the first hint...
GC returning 20 Jun 2016, 10:21
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Partner promotions graph in a law firm
kianganz 20 Jun 2016, 11:04
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Mmmm, getting closer... It's about partners, but it's not promotions.

Another hint, the firm in the graph is JSA...
Guest 20 Jun 2016, 13:11
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Profit per partner?
kianganz 20 Jun 2016, 13:16
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No, we wish - PPP is very hard to figure out at most Indian law firms (though at JSA it would be easier than elsewhere).

One final hint: you have to think laterally... :)
Idle Observer 20 Jun 2016, 13:17
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Partners leaving?
kianganz 20 Jun 2016, 13:22
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Yay! Well done! Thanks for playing all :)

It's a graph of partners hired at JSA vs partner-level lawyers leaving...

Have mapped the Big 7 firms in Mint, and will hopefully also publish graphs and complete data on this tomorrow on LI for all firms with highest partner turnovers.

PS: For guessing correctly, can I offer you a prize of 1 month of a Legally India senior subscription? You'll get the full newsletter and an ad-free LI. If so, please respond to this comment from the same device or computer you left the comment on with your email address (or an anonymous email address if you like) and I'll sign you up (your comment won't be published, so no one else will see your email ID).
Idle Observer 21 Jun 2016, 05:22
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Hi Kian. Thanks for the prize. I thought I'd give you the full disclosure that I'm just a student at the moment, and will not be able to afford a subscription. But I am extremely happy to receive the one month exclusive access. Hopefully I'll have a job in two years time, and then you can look forward to a partner's subscription from me.

You are doing an excellent job. Keep it up.

My email: [...] (I know you'll keep this a secret)
kianganz 21 Jun 2016, 06:28
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Thank you, since you're a student and so nice, have signed you up for 2 months, hope you enjoy!

By the way, the Mint article is out with the full graphics: http://www.livemint.com/Companies/WjvaqPbQBLKl9lYYFoV74K/Top-talent-play-musical-chairs-at-law-firms.html

We'll be posting more data on LI later today too...
GC returning 21 Jun 2016, 09:04
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For guessing the GC- was there a prize?
kianganz 22 Jun 2016, 07:19
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Haha, no, sorry, that wasn't the competition this time :) If we do competitions, they'll probably be more cryptic and interpretative rather than just knowledge based...