Delhi-based intellectual property firm Lall & Sethi (L&S) turned into a partnership after 20 years as a sole proprietorship firm since established in 1993. Three partners were internally promoted at the firm.
Senior associates Raghav Malik, Jyotideep Kaur and Tia Malik were promoted to the partnership, after seven years with the firm, according to a press release.
The three partners and a fourth senior associate Naval Kastia were first given charge of specific clients as portfolio managers dividing up all clients of the firm amongst these four, while L&S managing partner Chander Lall headed the litigation practice.
Lall has now relinquished the designation of managing partner, taking up the founding partner mantle at the firm. By the newly instated “one partner one vote” system Raghav Malik was voted into the managing partner chair.
The newly made up equity partners have rights to the firm name Lall & Sethi and also have the right to vote on whether a family member of any of the equity partners can enter equity, added the release.
Senior associate Kastia has left L&S to join Coca Cola – a client of the firm – as its trademark counsel for the India and South West Asia region.
Lall stated in the press release: “I am confident that the infusion of young blood as partners in the firm will take the firm to the next level of growth and efficiency. I am also very happy for Naval to have been selected at such a senior position with an important client of the firm.”