One-and-a-half years after merging with Anup S Shah law firm in Bangalore, Hyderabad and Chennai, AZB & Partners and Anup Shah and his firm have decided to part ways as “best friends”.
Shah’s (pictured) practice would again consist of around 20 lawyers, with AZB’s Bangalore office reverting to five partners, AZB co-founding partner Bahram Vakil told Legally India, adding that the office would not have a formally designated legal head.
Shah had merged with AZB in July 2009, almost doubling the size of AZB’s office to 40, only one month after J Sagar Associates (JSA) had merged with AZB-breakaway M&C Partners to grow to 37 lawyers.
A joint statement signed by Vakil and Shah said: “AZB & Partners has decided to re-align its partnership with the real estate practices of Anup S. Shah Law Firm, which had joined the partnership of AZB & Partners.
“Effective January 1, 2011, AZB & Partners and Anup S. Shah Law Firm will have a ‘best friends’ alliance.”
“AZB & Partners and Anup S. Shah Law Firm believe that such a re-alignment would allow both AZB & Partners and Anup S. Shah Law Firm to leverage their brand equity in corporate / M&A and real estate segments in Bangalore. The re-alignment will allow each of them to focus on and grow their current core areas of practice in Bangalore,” continued the statement.
Shah said in the statement: “We look forward to working alongside AZB & Partners. Our partnership has been fruitful and this re-alignment will allow us each to expand our core areas of strength in a greater way.”
Vakil said: “Anup and his team have a great reputation in the real estate arena and we are hopeful the best reinds’ alliance will allow us to leverage Anup’s relationship in the real estate sector.”
The partners were not immediately available for further comment at the time of going to press.