Mumbai capital markets partner Yash Ashar, Delhi corporate partner Akila Agrawal, Delhi litigation partner Ritu Bhalla, Bangalore head and corporate partner Reeba Chacko and Delhi corporate partner Amit Kumar have joined Amarchand’s non-core equity pool on its modified lockstep.
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The promotions were formally announced today by the firmand will take retrospective effect from 1 October.
In August 2008 Amarchand had promoted five partners into its modified lockstep: Jatin Aneja, Leena Chacko, Ashwath Rau, Gunjan Shah and Himanshu Narayan. Narayan left to join Dua Associates in September 2010.
BCG six year plan
The BCG report, on which the consultancy has worked on for more than a year, has now been presented to the partnership and proposes strategies for Amarchand to become a 1,000 lawyer, 100 partner firm by 2017, according to sources.
Amarchand now has 59 partners and roughly 500 lawyers after eight new partners joined the partnership earlier this month.
The BCG review identified that greater cooperation on clients and management between Delhi and Mumbai was necessary for Amarchand to achieve its aims.
One of the cornerstones is a restructuring of its practice area governance, giving 11 partners the roles of practice heads shared between the Delhi and Mumbai offices headed up Shardul Shroff and Cyril Shroff respectively, confirmed several sources within the firm.
The corporate practice will be headed in Mumbai by partners Ashwath Rau and Reeba Chacko and in Delhi by partners Harry Chawla, Gunjan Shah and Kalpataru Tripathy.
Practice heads in the competition law practice will be Mumbai principal associate Nisha Uberoi and Delhi partner Pallavi Shroff.
The banking practice heads are split between Mumbai partner SH Bhojani in Mumbai and Delhi partner Shilpa Mankar Ahluwalia.
Infastructure is shared between Mumbai partner L Viswanathan and partner Jatin Aneja in Delhi.