Articles tagged with: law firm management

Private vax overdrives: How law firms struggle getting corporate jabs (and why most might prefer doing it quietly after #SAMCares)

Over the past days, legal whisper networks as well as social media sites have been abuzz about Shardul Amarchand Mangaldas’ (SAM) vaccination camp, which had begun vaccinating all of its Delhi staff at its Okhla offices.

Nishith Desai rolls out (theoretically) unlimited holidays for all, vows to empower employees (not make them take less leave)

From 1 Nishith Desai Associates is extending its unlimited leave policy to all lawyers come 1 January 2021. This is an expansion of the flexible leave / unlimited holiday model the firm had trialled since 2017 for all lawyers who had worked at the firm for longer than 1,000 days.

DSK appoints deputy MP as firm beds down equity partnership structure, preps to adapt to future

DSK Legal has widened its management, appointing Sajit Suvarna as deputy managing partner alongside the firm’s managing partner Anand Desai as the firm has completed over two years in its new equity system.

Normal is the new exception: Trilegal rolls out annual PQE increments to all lawyers as usual • LKS freezes increments, bonuses

Sometimes doing what is normal is abnormal, especially so in the days of the coronavirus on the loose.

Luthra Lit retroactively ‘defers’ 15-35% salaries, EPs promise to take home 0

L&L Partners’ litigation partnership, which is one of four separate partnerships that the firm operates under one brand name, has effectively cut fee-earner salaries by at least 15% and 35% via deferrals of retainers, which would operate retrospectively from 1 April, according to two sources with knowledge of the measures.

Khaitan cautiously re-opens offices at 10-25% capacity for volunteers after Aarogya Setu install push

All Khaitan & Co offices have opened their doors again today to allow fee-earners and staff - purely on a voluntary basis - to physically return to work.

JurisCorp increases internship intake up to 50% by going virtual

Juris Corp has increased its intake of interns by taking its internship programme “virtual”, as the continuing Covid-19 pandemic has made physical internships all but impossible.

‘Wake-up call to firm owners’: HSF India head Chris Parsons talks to Balbir Singh about alcoholism, depression, mental health in the legal profession [VIDEO]

These days there are probably few if any lawyers who, locked up at home for weeks and often 24 hours a day, has not pondered about their mental health.

DSK fee-earners, partners take home 10-30% less cash as part of cashflow management

Exclusive: DSK Legal has embarked on a series of cash flow management exercises in light of the ongoing Covid-19 crisis, including temporary reduction in remuneration of fee-earners.

TTA freezes salaries, partners reduce drawings

T alwar Thakore & Associates (TTA) has frozen its fee-earner salaries at current levels without increments, while partners have said they would be reducing their drawings. According to a statement from the firm we had requested: “The partners have taken a number of prudent protective measures g...

SAM gets new COO to ‘navigate together’ in ‘critical times’: KPMG consultancy COO Jaideep Ghosh

KMPG partner and former KPMG Management Consultancy chief operating officer (COO) Jaideep Ghosh has taken over at Shardul Amarchand Mangaldas (SAM) in the COO position from Delhi.

Shardul Amarchand Mangaldas locks fixed salary component but reduces potential bonuses for non-fresher fee-earners [UPDATE-2]

Scoop: SAM goes for third-way approach after Khaitan’s straight equity cuts, CAM’s transfer from fixed to variable**

Khaitan seniors get 20% haircut on pay to build war chest, ‘ensure no salary cut’ below partner level [UPDATE-1]

Khaitan & Co equity partners and executive directors have taken a 20% cut on their take-home pay, reported Bar & Bench today, but without any adjustments of more junior staff or lawyers’ salaries. We have reached out to Khaitan for comment. Update 17:03: Executive director HR, Amar Sinhji ...

Cyril Amarchand defers up to 30% of pay for senior fee-earners, staff • Equity partners volunteer for zero pay

The hope is that with this somewhat painful move now, future pain can be avoided (though of course no one knows how bad it’s going to get)**

Juris Corp founders give equity ownership to 5, hope to become minority • Firm strong enough to ‘absorb’ a crash

Exclusive: Firm in strong financial position to weather possible future storms: H Jayesh

JSA partners elect Varghese Thomas, Dheeraj Nair to co-head disputes from Mumbai, Delhi

J Sagar Associates’ (JSA) dispute practice partners have unanimously elected Mumbai-based equity partner Varghese Thomas and Delhi-based equity partner Dheeraj Nair to co-head the disputes practice.

‘Poised for exponential practice growth’: Trilegal’s new MPs talk troubles, transitions, telecommutes, recruitment, diversity

Exclusive: The future is bright at Trilegal, despite virus, according to its new MPs*

New MPs take over at Trilegal with major management reshuffle • Lit head Sitesh Mukherjee to exit for counsel

Following the February reports that the previous managing and co-founding partners Karan Singh and Rahul Matthan were stepping down, Trilegal’s new semi-elected managing partners Sridhar Gorthi and Nishant Parikh have taken over today.

Law firms respond to virus: CAM to stress test WFH as firms do policies, cancel parties, advise clients • Recruitments not yet affected • Courts begin to react [UPDATE-2]

Apart from being early out of the gate in advising clients on the potential legal fall-out of the global pandemic of the novel coronavirus SARS-CoV-2 (causing COVID-19), India’s law firms have been beginning taking a number of measures to deal with an expected spike in reported infections, including one firm stress-testing its “work from home” (WFH) arrangements.

How Trilegal founders aim to hand over to the next gen, starting with new chiefs, 3-year elections

Trilegal’s founding partners are to take a step back from management, albeit gradually, with the firm’s partnership having decided to appoint a new management committee (MC) of partner Nishant Parikh and as well as co-founding partner Sridhar Gorthi.