L&L Partners co-founder and former senior partner Mohit Saraf, who had won a Rs 77 crore-value settlement in a protracted arbitration and Delhi high court dispute and separation with fellow co-founder Rajiv Luthra, will announce the setting up of his own rival firm today, we understand according to multiple market sources.

Luthra & Luthra has promoted two lawyers – Vaibhav Kakkar and Kanchan Sinha - to partnership in an “exceptional” promotion round.