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.

Related Articles
Click to show 30 comments
at your own risk
(alt+shift+c)

NB: By reading the comments you agree that they are the personal views and opinions of readers, for which Legally India has no liability whatsoever. Because anonymous comments may be biased or unreliable, you agree that you will not allow any comment(s) to affect your estimation of any person(s) or organisation(s). If you believe a comment is inappropriate, please click 'Report to administrator' below the comment with your objection and we will review it as soon as practicable.

reader comments:comments rss feedrefresh

Filter out low-rated comments. Show all comments. Show latest comments only (beta)

1
 
Show?
Recommend! +1 Objection! -0 Canary wharf 2011-10-16 23:37
National champion !
Reply | Quote | Report to LI | #  link
2
 
Show?
Recommend! +0 Objection! -0 N 2011-10-17 01:22
Who is the disputes practice head?
Reply | Quote | Report to LI | #  link
3
 
Show?
Recommend! +1 Objection! -0 Anon 2011-10-17 10:50
Is Ciccu not an equity partner?
Reply | Quote | Report to LI | #  link
4
 
Show?
Recommend! +0 Objection! -0 A 2011-10-17 10:59
what about Kolkata ?
Reply | Quote | Report to LI | #  link
5
 
Show?
Recommend! +1 Objection! -0 Anon 2011-10-17 11:50
Why is Yash not a practice area head despite being an equity partner ?
Reply | Quote | Report to LI | #  link
5.1
 
Show?
Recommend! +3 Objection! -0 Insider 2011-10-17 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.
Reply | Quote | Report to LI | #  link
5.1.1
 
Recommend! +17 Objection! -0 Outsider 2011-10-18 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.
Reply | Quote | Report to LI | #  link
5.1.1.1
 
Show?
Recommend! +3 Objection! -0 Anon 2011-10-18 09:45
Not Rahul Mattan but Rahul Guptan. Rahul Mattan is founding partner of Trilegal
Reply | Quote | Report to LI | #  link
5.1.1.2
 
Show?
Recommend! +1 Objection! -0 Insider 2011-10-18 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.
Reply | Quote | Report to LI | #  link
5.1.1.3
 
Show?
Recommend! +0 Objection! -0 Antacid 2011-10-18 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.
Reply | Quote | Report to LI | #  link
6
 
Recommend! +4 Objection! -0 A 2011-10-17 12:03
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 ?
Reply | Quote | Report to LI | #  link
7
 
Show?
Recommend! +0 Objection! -0 AMSS News 2011-10-17 15:41
Practise area info is not correct. Infra is part of corporate. Capital Markets is the fifth practise area.
Reply | Quote | Report to LI | #  link
7.1
 
Show?
Recommend! +1 Objection! -0 @ AMSS Wrong News 2011-10-17 22:20
Infra as part of corporate... and Viswanathan working under Ashwath... are you completely out of your mind?
Reply | Quote | Report to LI | #  link
8
 
Show?
Recommend! +1 Objection! -0 Observer 2011-10-17 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?
Reply | Quote | Report to LI | #  link
8.1
 
Show?
Recommend! +1 Objection! -0 @ AMSS Wrong News 2011-10-17 22:21
ha ha ha ha

what do you think "side equity" means?
Reply | Quote | Report to LI | #  link
8.1.1
 
Show?
Recommend! +0 Objection! -0 tweedledee 2011-10-18 02:54
enlighten us... what does it mean?
Reply | Quote | Report to LI | #  link
9
 
Recommend! +6 Objection! -0 Indian Foreign Lawyer 2011-10-18 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! ;)
Reply | Quote | Report to LI | #  link
10
 
Show?
Recommend! +0 Objection! -0 Anon 2011-10-18 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]
Reply | Quote | Report to LI | #  link
10.1
 
Show?
Recommend! +1 Objection! -0 Anonymous 2011-10-18 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...
Reply | Quote | Report to LI | #  link
10.2
 
Show?
Recommend! +1 Objection! -0 Anon 2011-10-18 15:25
Please elaborate. Is Rahul Guptan coming back to India?
Reply | Quote | Report to LI | #  link
10.2.1
 
Recommend! +4 Objection! -0 kianganz 2011-10-18 18:00
This was complete fabrication, have confirmed this is not true.
Reply | Quote | Report to LI | #  link
11
 
Show?
Recommend! +3 Objection! -0 Analyst 2011-10-18 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?
Reply | Quote | Report to LI | #  link
11.1
 
Show?
Recommend! +2 Objection! -0 Alumni 2011-10-18 14:19
Well observed. Could the reason be response number 9, perhaps?
Reply | Quote | Report to LI | #  link
12
 
Show?
Recommend! +2 Objection! -0 Troll 2011-10-18 15:29
@11 : Kalpataru is an equity partner. Boss confirm facts before drawing adverse presumptions and making random comments.
Reply | Quote | Report to LI | #  link
13
 
Recommend! +7 Objection! -0 A 2011-10-18 17:24  interesting
@ Troll - Kalpataru was a salary partner in Kolkata and used to take orders from Shardul Shroff.
Reply | Quote | Report to LI | #  link
14
 
Show?
Recommend! +0 Objection! -0 @ A 2011-10-18 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 www.lexmundi.com/images/lexmundi/PracticeGroups/Bios/Kalpataru%20TripathyProfile.pdf
Reply | Quote | Report to LI | #  link
14.1
 
Show?
Recommend! +2 Objection! -0 Analyst 2011-10-18 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.
Reply | Quote | Report to LI | #  link
15
 
Recommend! +5 Objection! -0 Migrant Worker 2011-10-19 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.
Reply | Quote | Report to LI | #  link
15.1
 
Show?
Recommend! +0 Objection! -0 A 2011-10-21 17:41
kolkata office is very dry
Reply | Quote | Report to LI | #  link
16
 
Show?
Recommend! +2 Objection! -0 Name/Nickname/Title 2011-10-19 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.
Reply | Quote | Report to LI | #  link

Filter out low-rated comments. Show all comments.

Add comment (Alt+Shift+A)

We and fellow readers love when you share your thoughts in a comment but please:
  • be nice to other readers and humans who likely have feelings,
  • use full English sentences and words, and
  • abide by Legally India's full terms and conditions in using the site.