Exclusive: Amarchand Mangaldas has promoted five new partners into the lockstep equity pool and created 11 practice heads, as part of the 2017 plan for the firm to grow to 1000-lawyers and 100 partners following the proposals from the Boston Consulting Group (BCG) review.

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.

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.

Practice heads

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.

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1
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Like +2 Object -0 Canary wharf 16 Oct 11, 23:37
National champion !
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2
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Like +1 Object -0 N 17 Oct 11, 01:22
Who is the disputes practice head?
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Like +2 Object -1 Anon 17 Oct 11, 10:50
Is Ciccu not an equity partner?
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Like +1 Object -1 A 17 Oct 11, 10:59
what about Kolkata ?
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Like +2 Object -1 Anon 17 Oct 11, 11:50
Why is Yash not a practice area head despite being an equity partner ?
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5.1
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Like +3 Object -0 Insider 17 Oct 11, 14:48
It should ideally be Arjun in Bangalore and Prashant in Delhi. Its only them who command respect of their associates and the market.
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5.1.1
Like +17 Object -0 Outsider 18 Oct 11, 01:03  interesting  top rated
Quoting Insider:
It should ideally be Arjun in Bangalore and Prashant in Delhi. Its only them who command respect of their associates and the market.

I may not be sure of Reeba's reputation in the firm but definitely she is the only face of Amarchand Bangalore for PE funds and investors. As far as Arjun is concerned, his practice is very limited to capital markets!! N we all know R Mattan's departure was the cause for many small fries to become partner in capital markets.
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Like +3 Object -0 Anon 18 Oct 11, 09:45
Not Rahul Mattan but Rahul Guptan. Rahul Mattan is founding partner of Trilegal
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Like +1 Object -0 Insider 18 Oct 11, 13:09
I think what is being discussed is the capital markets practice head, and not corporate head or head of Bangalore office, although Amarchand must start thinking of having an office managing partner in Bangalore given the size of its shop there.
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Like +0 Object -0 Antacid 18 Oct 11, 16:36
Someone is trying to cause rift between two well established partners in Bangalore. Arjun and Reeba gel well and they share a great rapport. Arjun never had any issues in working under Reeba. I smell some disgruntled PAs or SAs here.
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Like +5 Object -0 A 17 Oct 11, 12:03  interesting
a firm opened in 1917 will manage to grow up to 1000 lawyers by 2017 !! whereas foreign law firms have made more than 3,500 lawyers worldwide... when will liberalization take place in india ?
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Like +0 Object -0 AMSS News 17 Oct 11, 15:41
Practise area info is not correct. Infra is part of corporate. Capital Markets is the fifth practise area.
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Like +1 Object -0 @ AMSS Wrong News 17 Oct 11, 22:20
Infra as part of corporate... and Viswanathan working under Ashwath... are you completely out of your mind?
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Like +1 Object -0 Observer 17 Oct 11, 17:50
AMSS should be applauded for showing again the way Indian firms should progress. It has historically been a market leader also in organisation and compensation. However, they continue to reward old-timers and not always on merit. Anyhow, time now for more harmony, transparency and disclosures?
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Like +1 Object -0 @ AMSS Wrong News 17 Oct 11, 22:21
ha ha ha ha

what do you think "side equity" means?
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Like +0 Object -0 tweedledee 18 Oct 11, 02:54
enlighten us... what does it mean?
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Like +6 Object -0 Indian Foreign Lawyer 18 Oct 11, 08:54  interesting
I wonder what the evaluation criteria has been for making Practice Heads - book of business, perceived competence or how well you get along with Cyril Sir and Shardul Sir! ;)
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Like +0 Object -0 Anon 18 Oct 11, 12:52
well said @9! It will be intersting to see the new dynamics in the ECM market with the return of Rahul Guptan

[This was complete fabrication, have confirmed this is not true. -Ed]
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Like +1 Object -0 Anonymous 18 Oct 11, 14:18
Quoting Anon:
well said @9! It will be intersting to see the new dynamics in the ECM market with the return of Rahul Guptan


Really? So now you have started the rumour mill...
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Like +1 Object -0 Anon 18 Oct 11, 15:25
Please elaborate. Is Rahul Guptan coming back to India?
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Like +4 Object -0 kianganz 18 Oct 11, 18:00
This was complete fabrication, have confirmed this is not true.
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Like +3 Object -0 Analyst 18 Oct 11, 13:41
Is Kalpataru an equity partner? If not, why is he the corporate head and not Akila (who has just been given equity)? Is it another appease-all exercise? Worse still, a lucky draw?
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Like +2 Object -0 Alumni 18 Oct 11, 14:19
Well observed. Could the reason be response number 9, perhaps?
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Like +2 Object -0 Troll 18 Oct 11, 15:29
@11 : Kalpataru is an equity partner. Boss confirm facts before drawing adverse presumptions and making random comments.
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Like +7 Object -0 A 18 Oct 11, 17:24  interesting
@ Troll - Kalpataru was a salary partner in Kolkata and used to take orders from Shardul Shroff.
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Like +0 Object -0 @ A 18 Oct 11, 18:05
Kalpataru Tripathy is very good corporate lawyer. One of the best in India, I say. Please check out the details of the deals he has advised at http://www.lexmundi.com/images/lexmundi/PracticeGroups/Bios/Kalpataru%20TripathyProfile.pdf
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Like +2 Object -0 Analyst 18 Oct 11, 18:49
No one is saying he is not. I guess most of the partners in AMSS will be - should they all be made practice heads? The point is whether Akila should be the head - after all she has made the cut for equity first.
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Like +5 Object -0 Migrant Worker 19 Oct 11, 14:18  interesting
Where does Niloy (Kolkata head) feature in the entire scheme of things or is it that Kolkata is yet to come out of the backoffice mould.
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Like +0 Object -0 A 21 Oct 11, 17:41
kolkata office is very dry
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Like +2 Object -0 Name/Nickname/Title 19 Oct 11, 19:26
It is sad that some people choose to spend time over denigrating someone as accomplished as Kalpataru and premised on incorrect facts, to top it off!

Kalpataru has been an Equity Partner with AMSS for over 2 years now.
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