Orbit Law Services has promoted four of its partners into equity, following the retirement of co-founding partner PV Rao and a corresponding widening and redistribution of equity.

A fundamental rift has opened up at L&L Partners over how its long-held promoter equity should be opened up and distributed to other partners in the firm.

As managing partner Berjis Desai’s exit nears and after the departure of senior Mumbai rainmaker Akshay Chudasama, concerns mount over the firm holding on to its democratic structure and how it can remain competitive for the next 25 years.

And if you’ve read the article in Mint already, click through for additional interesting transcripts from the interview.

Getting the ratio of partners to non-partner fee-earners right has its rewards, but it is, at best, an inexact science.

Ashok Dhingra Associates, a tax and regulatory boutique set up last year by ex-J Sagar Associates (JSA) tax chair Ashok Dhingra and partner Smita Singh, has converted into a full equity partnership.

Cyril Amarchand Mangaldas, as the new partnership under Mumbai-based brother Cyril Shroff is set to be known when started from 1 April, has finalised a list of seven new equity partners, and 12 new salaried partners to be promoted in its existing offices.

Lakshmikumaran & Sridharan (LKS) has made up seven non-founding partners into equity, for the first time ever, in its 30th year of existence.

Answer: It depends (but nine is magic number)

Delhi-based intellectual property firm Lall & Sethi (L&S) turned into a partnership after 20 years as a sole proprietorship firm since established in 1993. Three partners were internally promoted at the firm. Senior associates Raghav Malik, Jyotideep Kaur and Tia Malik were promoted to the...

Exclusive: J Sagar Associates (JSA) yesterday effectively promoted Mumbai retained partner Aashit Shah as its twenty-third equity partner, becoming an “equity partner elect” to sidestep the 20-equity-partner limit per firm, while Germany-India returnee Anish Mashruwala was made a retained partner.

Majmudar & Co has rebranded as Majmudar & Partners after promoting February lateral hire Prashanth Sabeshan into its equity partnership, which now stands at six partners.

Kochhar & Co has promoted litigation partner Syed Naqvi to its equity partnership that now consists of five advocates.