The ex-co-founding partner of Trilegal, Anand Prasad, has started up a four-partner boutique law firm AP & Partners after two years as an independent counsel and budding politician.

As expected, after we had broken exclusively last week that Cyril Amarchand Mangaldas (CAM) had been visited by the Central Bureau of Investigation (CBI) about Nirav Modi, the mainstream media, keen on anything NiMo-related at the moment, didn’t take long to jump on the story.

Trilegal partner Anand Prasad has four days left until he stops being a Trilegal partner, giving up all his equity, all “financial arrangements”, not even “a consulting arrangement” with the firm he co-founded in 2000.

Trilegal has restructured slightly in the wake of co-founding partner Anand Prasad’s announcement that he would retire within a year

We caught up with Trilegal co-founder Anand Prasad, who will leave the firm to become an arguing counsel and potentially a politician, Legally India reported earlier this morning. Here’s more about his plans.

Trilegal Delhi-based co-founding partner Anand Prasad will leave the firm’s partnership to become an independent counsel and get into politics, three reliable, independent sources with knowledge of the development have confirmed.

Exclusive: Trilegal, which is claimed to have been growing at 25 per cent per year, has converted into nearly a full equity partnership, created an elected management committee and a democratic model where the founding partners could theoretically be ousted by an equity partnership vote.

Legally India was candidly walked through the changes and examines the back story to the end of its best friendship with Allen & Overy (A&O), the grief lawyers can cause, one-way referrals and the inevitability of associate attrition when a firm has to run fast without godfathers.

Trilegal co-founding partner Anand Prasad is candid about the fact that the firm has lacked significant expertise in capital markets but the firm may be on a path to plugging that hole - and others.

Trilegal has recruited final year law students from a National Law School almost six months earlier than last year in an attempt to beat the fierce competition for top law school talent.