Delhi-headquartered firm Singhania & Partners has entered into an agreement to merge with Mumbai’s Rajani & Partners last week, to become a firm of 100 lawyers and 20 partners.
The new firm will be called Rajani, Singhania & Partners and will have Prem Rajani and Ravi Singhania as joint managing partners based in Mumbai and Delhi respectively.
Rajani consists of around 40 lawyers and 10 partners in Mumbai, with Singhania having around 60 lawyers, of whom the majority is based in Delhi, with smaller offices in Bangalore and Hyderabad. Singhania’s Mumbai office of four lawyers will join Rajani’s office, which will seek a larger space going forward.
Ravi Singhania said: “Our practices are complementary – we are good in dispute resolution, we have been working well in the project finance area for international clients.”
Rajani partner Sangeeta Lakhi added that Rajani has traditionally had strength in capital markets, having close its hundredth capital markets transaction recently, though since the market has slowed the firm has also been building up its corporate M&A and private equity practice.
A full financial merger between the partnership would only happen after the end of the financial year, on 31 March, once the integration of internal systems, policy and processes was complete, said Ravi Singhania.
The final equity structure of the joint firm had not yet been finalised, but Lakhi noted that it should not cause problems since it was a merger of equals, as Singhania added that each firm currently had four equity partners, who would retain their equity status.
He said: “The merged firm will give us strength to go further. The main business centres in India are Delhi, Bombay and Bangalore but we are looking at adding Ahmedabad and Pune in due course.”
The new offices would hopefully open some time in 2014, he said.
- Legally Jobs: Impact Law Ventures seeks Corporate Transactional Lawyers with 2+ years PQE in Delhi, salary Rs 10-12 lakh + bonus
- Legally Jobs: Law firm HSA Advocates seeks Corporate Commercial Associates with 3-5 years PQE for their offices in Mumbai, Bangalore and New Delhi
- Legally Jobs: Law firm HSA Advocates seeks Banking & Finance Associates with 5-10 years PQE for their offices in Mumbai and Kolkata
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.