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Newsletters  12 June 2009

Newsletter Issue 2: Corporate monsoon

In our second newsletter we summarised the top events of the week, which saw IPOs, M&A, politics and family-ties. Click below to read on and enter your details here to get the next one straight to your inbox:

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12 June 2009 - Mumbai monsoon has been postponed by a week, said the Met Office...

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Law firms  13 June 2009

Luthra goes lockstep, modernises management structure

Luthra & Luthra partners have agreed to completely overhaul their management and partnership structure, which will see up to six current salaried partners enter the newly opened equity on a lockstep system.

Read More

News  12 June 2009

New Attorney General is second AZB-related A-G appointment

Former Solicitor General Goolam Vahanvati was appointed Attorney-General of India on Monday (8 June), giving AZB & Partners the second close family connection in that post.

Read More

Corporate M&A  12 June 2009

JSA, Luthra take home $368m Vedanta acquisition

J Sagar and Associates (JSA) and Luthra & Luthra have completed the Rs 1,750 crore ($368m) takeover of mining company Dempo Group by London-listed Vedanta Resources subsidiary Sesa Goa.

Read More

Corporate M&A  10 June 2009

AMSS, Ashurst and Luthra revive key roles in Oil India IPO

Amarchand, Ashurst and Luthra & Luthra have restarted their work on the exhumed Oil India initial public offering (IPO), which the government hopes will fill its coffers by up to Rs 2,400 crore ($500m).

Read More

News  11 June 2009

Bar Council strengthens stance against foreign firms after meeting Moily

The Bar Council of India has cemented its strong opposition to the entry of foreign law firms after its first official meeting with new Minister of Law and Justice Veerappa Moily, reported news wire Bloomberg today.

Read More

Lawyer visits Bangalore to outsource jobs to Scotland

A Scottish lawyer has taken his government to Bangalore to convince Indian outsourcing companies to set up call centres in Scotland.

He hopes that a large draw will be the avoidance of protectionist measures such as those recently proposed by US President Barrack Obama.

Read More

Law firms  09 June 2009

Trilegal makes first woman partner, hikes salaries and bonuses

Trilegal has promoted four partners, raised its associate base salaries by 20 to 30 per cent and paid out unprecedented bonuses this year.

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News  09 June 2009

AZB Delhi relocates to new Noida office

AZB & Partners yesterday (9 June) moved to a new office in Noida from New Delhi, in a bid to provide additional space for existing and future staff.

The firm had been looking for a new office for two years and last year it found its new property in Noida's commercial district, which is around 15km away from its former office in the heart of New Delhi.

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News  08 June 2009

Is new Law Minister pro-liberalisation?

The new Minister of Law and Justice Veerappa Moily made his first statements about legal sector liberalisation last Friday (5 June), suggesting that he could continue the pro-liberalisation course followed by his predecessor HR Bhardwaj.

Read More

Law firms  06 June 2009

Clifford Chance sends senior partner to live with AZB in India

Clifford Chance is seconding the head partner of its India practice group to its best friend AZB & Partners.

Clifford Chance project finance partner Chris Wyman (pictured) will relocate to AZB's Mumbai office this month and will spend at least several months there to improve the integration between the firms.

Wyman said that he would stay "as long as it takes" and added: "It is all about maximising the opportunities – if you just say nice words and do nothing else, you will soon cease to be useful."

Read More

Law schools  05 June 2009

Amarchand ramps up Bangalore law school intake

Amarchand & Mangaldas & Suresh A Shroff & Co has significantly increased its recruitment of penultimate year students from one of India's top law schools.

The firm's Mumbai office has enlisted 11 fourth-year law students from National Law School of India University Bangalore (NLSIU).

Read More

Law firms  04 June 2009

ALMT makes best friends with Clyde & Co

ALMT Legal has formed a best friends relationship with UK international firm Clyde & Co.

In a joint statement the firms said that they would share information, harmonise training and set in place an extensive secondment programme.

ALMT partner S R Arun (pictured) said: "We anticipate that we will have access to the markets where Clyde is and that not many of the large magic circle firms have got access to."

Read More

Law firms  04 June 2009

Amarchand loses its only Kolkata partner

Amarchand's Kolkata head has quit the firm to pursue interests outside the law.

Krishnava Dutt was the only partner based in Amarchand & Mangaldas & Suresh A Shroff & Co's Kolkata office of more than 20 lawyers.

The firm will relocate Delhi corporate partner Kalpataru Tripathy to fill his space and lead the office.

Amarchand co-managing partner Cyril Shroff (pictured) told Legally India that the terms of Dutt's departure were amicable.Read More

Job moves  04 June 2009

Khaitan promotes former accountant to partner

Khaitan & Co has made up a former PricewaterhouseCoopers (PwC) chartered accountant-cum-lawyer to partner.

Sanjay Sanghvi (pictured) only qualified as a lawyer after joining Khaitan in January 2008 from PwC. He is the third new member to the law firm's partnership in as many months.

He said that working in a law firm was very satisfying: "In accountancy firms you typically do compliance work and you don't go deeper into the law and interpretation.

Read More

Job moves  03 June 2009

Phoenix hires two in Delhi and sets sights on Mumbai

Trilegal spin-off Phoenix Legal has added two associates in Delhi, vowing to significantly expand its practice there and in Mumbai with lateral hires.

The firm is hoping to hire a lateral partner for its Mumbai office and to double it in size to 10 lawyers by the end of the year.

Phoenix founding partner Abhishek Saxena said: "We are looking around for a couple of candidates. Although we'd be keen to get a partner, if it does not materialise we may want to get a very senior associate." Read More
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