Articles tagged with: law firm management

In-depth interview: Can Cyril Shroff’s half of Amarchand fix & eclipse what was broken? [via Mint, extended edition]

Shroff has ambitious plans for life and work after the bitter family feud that broke up India’s largest law firm, reports Kian Ganz in today’s Mint.

Cyril Amarchand confirms: 2 Mumbai partners & Cyril, Vandana move to Delhi where 17 senior hires done, dozen in oven

Cyril Shroff, who will launch his take on Amarchand Mangaldas today with new partnership Cyril Amarchand Mangaldas, has confirmed the lateral hires made so far and partner moves to Delhi, while revealing that he planned to spend around half his time in Delhi in the first 12 months of the office.

Hourly billing is not dead but with rates of Rs 32,000 / hour clients increasingly want more for less [via Mint]

Clients & clocks
Clients & clocks
In the business of law, the limited resource is not raw materials, marketing budgets or factory output capacity; it is literally the available time of a firm’s lawyers.

Which practice areas will be the biggest growers as corporate legal industry exceeds $1bn turnover? [via Mint]

rfx4rler
rfx4rler
Corporate and commercial law firms in India turned over just over $1 billion in revenue in the 2014-15 financial year, estimated London-based legal market consultancy RSG Consulting in its bi-annual report on the Indian legal industry based on a survey of more than 500 clients and 26 law firm managing partners.

The number that makes law firms tick (and Khaitan similar to JSA; AZB close to Amarchand; but all different to Trilegal) [via Mint]

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

Khaitan to abandon much-loathed working Saturdays, moves to 5-day week +1 hour daily

Dolly Parto
Dolly Parto
Khaitan & Co has cut down its working week to Monday to Friday, while increasing the daily working hours by one hour from 1 March.

Shroff vs Shroff decrypted & uploaded: 2 opposing sides, 4 key questions, 4 fascinating documents

Two sides
Two sides
It might lead to the break-up of India’s largest law firm, but Shroff vs Shroff doesn’t have to be complicated. We’ve distilled it for you and shared the court documents.

Shardul Shroff vs brother in ET interview & tells (sorta) why he sued: ‘Preposterous suggestion’ that I influenced will

Shardul Shroff, the Delhi managing partner of Amarchand Mangaldas who has been involved in a public Bombay high court battle with his Mumbai-based brother and co-managing partner Cyril, told the Economic Times in an exclusive interview that it’s a “preposterous suggestion” that he could have influen...

Mumbai source: Post ‘black Tuesday’ Amarchand break-up now most likely outcome after Zia, Birla, Parekh failed mediation before

amarchand-delbom
amarchand-delbom
The dispute between Amarchand Mangaldas brothers would most likely result in a split of the firm into two separate entities, said an authoritative source with close knowledge of the Mumbai side of the dispute.

Breaking: Amarchand Mangaldas Delhi managing partner Shardul Shroff sues brother Cyril in Bombay HC [UPDATE-5]

Shardul Shroff, Cyril Shroff
Shardul Shroff, Cyril Shroff
Amarchand Mangaldas Delhi managing partner Shardul Shroff has filed legal action in the Bombay high court against his brother and Mumbai-region managing partner Cyril Shroff.

Wadia Ghandy converts to controversial eat-what-you-kill-style model, as Ashish Ahuja now shares managing partner post

Hunting in packs
Hunting in packs
Wadia Ghandy has created a joint managing partner post, which managing partner Ashish Ahuja will share with executive committee partner Dhawal Mehta.

LKS converts to equity: 7 non-founders to take profit share under partnership deed

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

Revealed: How long does it take to make partner in India’s top law firms?

Magic Eight ball
Magic Eight ball
Answer: It depends (but nine is magic number)

Game changer? Amarchand forays into LPO-style practice to improve due diligence & volume work

Amarchand Peninsula Chambers
Amarchand Peninsula Chambers
Amarchand Mangaldas’ Mumbai has started a volume-focused transactional support practice, which the firm is continuing to trial hoping to offer clients better due diligence and commoditised advice.

Khaitan scoops KPMG partner as strategy chief to help firm stay ‘ahead of the curve’

Gautam Chemburkar
Gautam Chemburkar
Former KPMG partner Gautam Chemburkar joined Khaitan & Co as its first ever executive director strategy on 3 April.

Legal league tables explained: How to perform and excel in the vicious / virtuous circus

Role models
Role models
Most lawyers will publicly decry that they have any emotional attachment to their firm’s league table position; in truth (or with time) almost every lawyer ends up caring about it anyway.

Luthra billings up 36 - 78% despite fewer lawyers and ‘bad year’: Saraf

Mohit Saraf
Mohit Saraf
After it announced a strategy revamp six months ago, Luthra & Luthra transactional billings in the corporate transactional division have shot up by 36 per cent.

DSK frees up managing partner time with hire of corporate CEO

Rajesh Iyer
Rajesh Iyer
DSK Legal has appointed former Palladium Group South Asia head and director Rajesh Iyer as Chief Executive Officer (CEO) at the firm.

Law firmite rebuts GC’s ramblings: Law firms do and will continue to generate value

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Dothraki rainmaker
Dothraki rainmaker
*A law firm pro has penned a response to the controversial Ramblings of a GC column from last week.

Lall & Sethi abandons Chander Lall sole proprietor model with non-founder managing partner

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...