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Khaitan & Co closes PXV acquisition with 8 associates for ‘strong synergies’ & ‘specialist experience’

Roy
Roy

Khaitan & Co has completed its acquisition of the practice and teams of three co-founding partners of PXV Law Partners.

According to a press release from Khaitan, Deepto Roy in Mumbai, and Mohit Abraham and GT Thomas Phillippe have now joined as associate partners in the two cities.

Eight of their associates will also join Khaitan after a “merit driven recruitment process”, confirmed a Khaitan spokesperson.

Abraham
Abraham

According to Legally India’s report of early July, their teams consisted of around 15 associates, of whom half were expected to join.

In the meantime, PXV partners Pingal Khan in Mumbai and Bangalore and Souvik Bhadra Kolkata started up Ashlaw Law after PXV was dissolved, as reported by Legally India last week.

Khaitan & Co did not provide a comment at the time of the initial report about the strategy behind the acquisition, but Khaitan Mumbai partner Rabindra Jhunjhunwala commented in the press release: “On behalf of the firm, I am delighted to welcome the PXV team to the Khaitan & Co fold.

Phillippe
Phillippe
“Their practice is an excellent fit and have strong synergies with the growth strategy of Khaitan & Co in all offices. Our new partners bring with them some vital and specialist experience and we are confident this will not only help maintain the firm's momentum, but build on its reputation.”

The hires would particularly help in its energy infrastructure and resources, dispute resolution/litigation and corporate law practices, according to Jhunjhunwala.

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