Luthra & Luthra Delhi managing associate Geeta Dhania will be promoted to partnership on 1 February, confirmed authoritative sources, with other promotions to be announced shortly.
Dhania will head the firm’s Delhi capital markets practice, which is headed by Luthra Mumbai capital markets partner Manan Lahoty ever since former Luthra Delhi capital markets head Madhurima Mukherjee left the firm in August 2013.
Dhania graduated from NLSIU Bangalore, then joined Luthra Delhi and was made a managing associate at the firm in 2010.
Luthra managing partner Rajiv Luthra declined to confirm the news when contacted.
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At least this one should be happy that Madhurima left!
Though they give increments w.e.f. April every year, but the same is decided by the "Senior Partners" somewhere near Diwali time. Eventually, no one knows their retainer fee/ salary till the time the amount is being credited in the respective bank accounts. Also, no one knows his/her retainer fee before they join.
On coming Sunday, few may become so called Partner- Designate/Man.Ass./Sr.Ass., however no difference will be reflected in their monthly retainer fee.
WAKE UP PEOPLE AT LUTHRA....TIME TO MOVE ON
A trip to Singapore... long gone are the days when they went to exotic locations like Turkey and China...
WAITAMINUTE... Didnt they have another intermediary step... PARTNER DESIGNATE/ ASSOCIATE PARTNER where people were not promoted from MA to Partner.. instead to the intermediary.. "we dont think you're partner material but since you probably screamed, whined and cried into your senior partners ear.. we will give you a consolation prize..APt for you" position) before a person is made Partner there?
Just saying....
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