Link Legal fully merged with project finance boutique India Law Services (ILS) in December to form Link Legal – India Law Services with 14 partners and 73 lawyers, to strengthen its Mumbai practice.
The merged entity will be co-headed by Delhi managing partner Atul Sharma and Mumbai managing partner Anil Karkhanis.
Sharma said: “We wanted to strengthen the Bombay operations for the simple reason that we opened the Bombay office only two years ago. On the banking side there’s a lot of value, and we’d also get a platform to explore the Bombay presence.”
Karkhanis said: “We [Link Legal and ILS] are operating in the same area. Getting together is always good.” He told Legally India that talks around the merger were on for the last few months.
Link Legal brings nine partners to the alliance, while ILS brings five partners.
Projects specialists at the merged firm are legacy Link Legal Mumbai partner Ajay Sawhney and Delhi partners Anand Srivastava and Dinesh Pardasani, as well as legacy ILS Mumbai partners Tushar Desai and Vishakha Bhagvat and Delhi partner KA Najmi.
Link Legal Mumbai will relocate to ILS’s Ballard estate office in the city.
In January 2011 Link Legal absorbed Gurgaon-based capital markets boutique Zenith India with Zenith’s managing partner Raj Rani Bhalla relocating to Link Legal’s Mumbai office.
ILS, which was founded in Mumbai in 1998, most recently added a fourth office, in Bangalore.
In 2010, ALMT Legal poached one-third of ILS, including partner Ishtiaq Ali and five associates, to start its own projects and infrastructure practice. Ali has since moved on to co-found Clasis Law.
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Baghera & Don't fake it-clearly your understanding of the Indian legal market is limited. The story makes it clear that Link Legal seeks to strengthen its banking practice. The most recent Dealogic rankings show Link Legal as the no. 1 firm in India (ahead of much bigger firms) in the field of Banking and Project Finance. Why is it so hard for you to accept that a mid-sized outfit can provide "cutting edge" advice in a highly specialized area.
Baghera-you are a troll!
Good luck to both Link Legal and ILS,
Here is the story behind the Deallogic rankings ...
1. PSU banks in India fund the most projects....
2. PSU banks do not care for quality, just the L1(lowest bidder law firm. The borrowers also do not care for quality
3. Private banks use neither of the aforementioned "cutting edge" firms
4. Ditto international consortium financing
5. You can pick up one of their documents and read it... you will understand the "cutting edge" nature of their expertise...
Both Firms play the volume game well... so its a good match
Clearly your knowledge is limited. That table has private banks too. We (as clients) can negotiate directly with the company without any interference of the banks. and i really think you need to sit on the their opposite side to get a glimpse of their "so called - mediocrity"
LMAO XD
We have worked closely with link and they are a small and strong unit providing excellent and timely advise. Other than Mr. Sharma, i must also add that Anand Srivastava and his team are hugely resourceful.
Congratulations to link legal and ILS.
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