NKU gives Trilegal competition footprintNKU gives Trilegal competition footprint

AZB & Partners Mumbai-based partner and competition practice co-head Nisha Kaur Uberoi is likely to be joining Trilegal as an equity partner and to head its competition practice.

Trilegal’s partnership vote to admit her to its all-equity quasi-lockstep partnership is understood to currently be taking place.

Update 14:51: A Trilegal partner has confirmed that the vote to admit Uberoi is underway.

AZB Mumbai managing partner Zia Mody commented by phone: “We wish her all the very best.”

Uberoi, who is a 2002 NLSIU Bangalore graduate, will kickstart Trilegal’s competition practice, which she will be heading.

Trilegal Mumbai corporate partner Amit Tambe had taken over as head of competition in 2013, after erstwhile competition head Rahul Singh had left for a PhD at Oxford. In 2016, the firm hired J Sagar Associates (JSA) principal associate Gautam Shahi has counsel in the competition practice.

Uberoi had begun her career in 2002 at Amarchand Mangaldas as it then was, followed by an LLM in 2005 from the National University of Singapore, after which she joined Singaporean firm Rajah & Tann. In 2008 she moved to UK-international firm Ashurst, joining Amarchand in 2008, making partner in 2012.

She had left Amarchand nearly exactly one year ago to the day to join AZB (she was billed at the time by AZB as having a 51% market share of merger control clearances), to co-head its competition practice in Mumbai (alongside Delhi-based competition head and Economic Laws Practice (ELP) lateral hire Samir Gandhi).

She joined shortly after AZB had poached Cyril Amarchand corporate partner Ashwath Rau and several other partners.

Since joining AZB, Uberoi had acted for Ambuja Cement and Lafarge India on the alleged Rs 6,700 crore cartellisation case, technology and taxi company Ola on an alleged abuse of dominance complaint, as well as numerous merger control cases, such as Idea and Vodafone’s $22bn, UltraTech-Jaypee Rs 16,000 crore merger, and LafargeHolcim’s $44bn merger.

We have reached out for comment to Trilegal and Uberoi.

Update 13:19: AZB has sent out a press release, with Mody further commenting by email:

Nisha Uberoi has just informed us that she would like to move on from AZB and will be joining Trilegal shortly. Her moving on so quickly is unfortunate. The path forward for the 3 partner AZB competition team of Samir Gandhi, Nisha and Rahul Rai was personally very exciting for me.

However, Ajay, Bahram and I wish Nisha all the very very best. She is an excellent lawyer with great work ethic. I look forward to watching her grow.

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1
Like +8 Object -1 OMG 30 May 17, 13:19  interesting
WOW.
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1.1
Like +24 Object -3 Chai Wala 30 May 17, 15:54  interesting  top rated
I told you all......this concept of 'Bill Book' and 'Client Book' and its portability to another firm is completely misplaced! All these novices working in big firms (with established brand equity internationally) start treating themselves a 'brand' when they rise within the firm. Further, other firms poaching them thinking they will bring substantial portion of work along suffer from grave misconceptions! After a year or two the situation soon turns ugly and this is what then happens!
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1.1.1
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Like +12 Object -13 Sure! 30 May 17, 16:28  controversial
And that's why AZB's competition practice moved from being band 2 to band 1 AFTER Nisha joined?

Leave the poaching decisions to the managing/equity partners and give your bird brain a rest.
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1.1.1.1
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Like +0 Object -0 Chai Wala 31 May 17, 11:01
Hi Mr. Nihlani, why my reply has not been published? The content were a natural corollary of the comment though bitter!
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Like +1 Object -0 kianganz 31 May 17, 11:14
Your comment was making a factual assertion which was not true, hence it was not published. :)
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Like +0 Object -0 Chai Wala 31 May 17, 11:21
Thanks for your justice dispensing judgment, Mr. Nihlani!
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Like +5 Object -1 kianganz 31 May 17, 11:31
You're very welcome, always happy to censor comments to protect chai walas and others from corrupting influence!
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Like +1 Object -1 Chai Wala 31 May 17, 12:31
But I had simply asked a question in my reply My Lord! It was not at all in the nature of 'assertion' of any 'fact' in any way My Lord! The original comment maker had all opportunities to give an answer with correct fact!
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Like +1 Object -1 kianganz 31 May 17, 12:44
But some questions include assertions of facts, na?
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Like +27 Object -27 WHOA 30 May 17, 13:40  controversial
Great move to a great firm. Trilegal appears keen to build its Antitrust and Competition practice - they have been slowly building their team.
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2.1
Like +31 Object -15 Capricious 30 May 17, 13:53  interesting  top rated  controversial
Great firm...whaaat!!! over zealous associates at play.
First Shardul, then Cyril and now Zia, ab kisko dagah dena ka iraada he.
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2.1.1
Like +23 Object -17 Dodo 30 May 17, 14:05  interesting  controversial
Zia and Nisha are parting on a wonderful note as is evident from the statement. Guess you must be from CAM. Clearly not everyone is as dignified as Zia;)
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2.1.1.1
Like +21 Object -7 Bucket List 30 May 17, 14:15  interesting  top rated  controversial
AMSS Delhi- Check
CAM- Check
AZB- Check
Trilegal- Check
Wonder what's next?
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Like +5 Object -5 Haha! 30 May 17, 14:19  controversial
KCO may be?
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Like +4 Object -24 Alias 30 May 17, 14:21
Luthra? After Amss they clearly have the biggest market share in anti trust
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Like +47 Object -9 Haha! 30 May 17, 14:26  interesting  top rated  controversial
Not sure about Luthra, aren't they a dinosaur?
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Like +10 Object -10 hi 30 May 17, 21:35  controversial
lol, which world are you living in. Luthra as second biggest market share - LOL
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Like +8 Object -3 Baltiwala 30 May 17, 14:26  interesting
Next stop should be a foreign law firm in India. Not KCO I suppose, since KCO already has a decent and stabilised team.
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Like +2 Object -0 sensible bloke 30 May 17, 14:43
Ofcourse
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Like +6 Object -2 But 30 May 17, 15:01
Hasn't she already exhausted her foreign firm pit stop!?
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Like +0 Object -0 yes 30 May 17, 15:59
yes, ashurst
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Like +1 Object -0 sensible too 02 Jun 17, 03:23
Haha. Perhaps she should have asked Amarchand to open an office in Singapore? Instead of work for a foreign firm while in Singapore. Amazing logic.
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Like +12 Object -8 bucktooth 30 May 17, 14:32  controversial
Compared to most partners looks like she's been very loyal to the Shroffs until AZB last year. There are far more mobile partners in the market
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Like +11 Object -1 Really? 30 May 17, 15:02  interesting
So now we call opportunism, "loyalty"??
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Like +4 Object -2 Magic Tomato 30 May 17, 14:37
Retirement perhaps?
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Like +19 Object -8 Sensible 30 May 17, 15:04  interesting  controversial
It's amazing how comments can be sensational without any substance. She's really been with AMSS all her time in India except the last year of AZB. So that's 2 firms in 10 years. The list above is malicious.
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Like +9 Object -3 List 30 May 17, 15:25  interesting
Nothing malicious about the list. 2 firms in 10 years is a nice way of saying less than one year in AZB had her running!!! This is AZB HR at work??? Not very bright.
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Like +2 Object -0 NEXT 31 May 17, 02:59
Republic TV
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Like +2 Object -0 mummys firm 02 Jun 17, 03:21
Only a SAMmie or CAMmie would say AMSS DElhi and CAM as separate firm. This is as stupid as saying Shardul Shroff had two job changes AMSS Delhi and then SAM. ROTFL.
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2.1.1.2
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Like +1 Object -3 Dignified 30 May 17, 15:08
No doubts about Zia being signified. Nisha, maybe? [...] Good luck to Zia.
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Like +2 Object -0 Dead as.. 30 May 17, 16:47
Awwww. Age of innocence from the sponsored Zia fan club?
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2.2
Like +9 Object -4 Bewafa 30 May 17, 15:45  interesting
Bollocks. Great firm? Really? Pehle apna internal culture sudhariye sir. Cesspool of politics.
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Like +14 Object -14 Sanam Bewafa 30 May 17, 19:13  controversial
Less politics than the amarchands and azbs! And a true partnership. Not glorified senior associates masquerading as partners. Trilegal, JSA are firms of the future.
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3
Like +22 Object -2 AZB on RDB 30 May 17, 13:41  interesting  top rated
tusi ja rahe ho? tusi na jao.
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Like +19 Object -7 ... 30 May 17, 13:56  interesting  top rated  controversial
Great move, Nisha! Proud of you.
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5
Like +20 Object -3 Soothsayer 30 May 17, 13:56  interesting  top rated
As predicted earlier, spat with Samir was imminent.

Undeniably, AZB had gone for star hires, but unfortunately, retention has become an issue. Law firm market is volatile, and entry of foreign firms would test loyalties big time.

Cyril sends regards.
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Like +12 Object -0 Dhanda 30 May 17, 14:03  interesting  top rated
Sab ganda hai par Dhanda hai ye...
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Like +7 Object -0 Poor HR 30 May 17, 14:08  interesting
None thinks about poor HR. Too much to do - ye aaya, woh gaya, ye aayega, woh jayega...
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8
Like +8 Object -0 Karma 30 May 17, 14:12  interesting
Karma is a bitch :P
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8.1
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Like +0 Object -0 cuddles 02 Jun 17, 03:25
Yes. Shuva leaving was karma. Oops.
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9
Like +26 Object -13 Roadrunner 30 May 17, 14:12  interesting  top rated  controversial
Moving from CAM was not such a great idea after all ;)
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9.1
Like +21 Object -4 Roadie 30 May 17, 14:35  interesting  top rated
Well since she chooses not to return it is clearly a good idea. The legal industry is dynamic. People (family firms) should learn not to be petty with moves and take a leaf out of Zia's book. Everyone knows Nisha and Samir had divergent views on everything and the practice was suffering.
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10
Like +7 Object -1 Observer 30 May 17, 14:31  interesting
Whoa! Sarcasm reeking in Zia's statement. Are we up for some Star Wars? Is she moving alone or taking associates like from CAM?
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10.1
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Like +13 Object -10 Leaving?? 30 May 17, 14:37  controversial
Or asked to leave?
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10.1.1
Like +14 Object -5 Answer 30 May 17, 15:08  interesting  controversial
Zia's statement is clear. Very dignified. Good to see a senior statesperson acting as one. No reason to be asked to leave. Makes no sense given her billings.
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10.1.1.1
Like +4 Object -0 Yes 30 May 17, 16:01
Thank you Zia!!
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Like +15 Object -12 Old hands 30 May 17, 14:37  controversial
"Star" hire makes sense as firms hiring her are seeing stars!!! ;) Has unfortunately become fashionable to rave, rant and make a big deal about laterals. Samir is the star of the AZB competition practice, not Nisha. That's the view of Chambers & Partners, who are widely respected for well researched rankings - https://www.chambersandpartners.com/110/26/editorial/2/1.
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11.1
Like +12 Object -5 Cci speak 30 May 17, 17:32  interesting  controversial
Samir is the king of invalidations. Ask Google. Hasnt that moved to ELP. Now now Kian. Stop censoring the truth. The nation wants to know
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11.1.1
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Like +1 Object -2 Speed Dial 31 May 17, 02:22
That's cause he's never had Advisors (CCI) on speed dial - unlike Nisha.
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11.1.1.1
Like +8 Object -0 Rohin 31 May 17, 11:13  interesting
Not sure why that's bad for clients, fwiw
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11.1.1.2
Like +9 Object -2 Dial down 31 May 17, 13:33  interesting
This is an unfair comment and factually incorrect. If you say Samir had CCI folks on speed dial, Nisha had daughter(s) of senior CCI member(s) in her team.

Kian - I note that you deleted that comment on Nisha hiring daughter(s) of senior CCI member(s) in her team. If that comment was deleted, then maybe you should delete Speed Dial's comment too. Frankly, this is public knowledge (the thing about hiring daughter of CCI official) and given the clear case of conflict of interest (at least of the official concerned) there is no reason why it should not be raised at a public forum. Expand your horizon Kian - BCI should not be the only target for expose.
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Like +2 Object -2 Clarification 31 May 17, 14:32
Nisha has no one in her team whose parents work at the CCI while such person has been in the team. Samir has Mr Chawla's son Ashwini working in his office who is an ex CCi chairman. Lets not muddy the fact that invalidations happen when people dont do a good job, eh?
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11.1.1.2...
Like +7 Object -1 Go back to work 31 May 17, 15:12  interesting
Doesn't Mr Chawla's son work in AZB delhi? And samir still gets invalidations. Damn. Read the law! It helps:)
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Like +0 Object -2 insider 01 Jun 17, 14:48
He has to work somewhere na! Joined only after CCI C'man changed, unlike previous stints at PA, SAM, CAM, etc
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11.1.1.3
Like +5 Object -1 Yeah, sure. 31 May 17, 15:08
It may help if Samir and Rahul actually did real work in office instead of alleging connections. First ever name and shame cci merger misrepresentation case concerns them:

http://www.mydigitalfc.com/news/cci-charges-smtb-violating-competition-norms-908
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11.2
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Like +9 Object -7 Zeuss 30 May 17, 19:21  controversial
Chambers quote above Versus Cyril Shroff calling Nisha Uberoi an international class competition lawyer and Zia say I am an excellent competition with lawyer with a great work ethic. https://www.ibanet.org/Article/NewDetail.aspx?ArticleUid=1B28F445-0F27-403A-9C28-74C875D5E1E3

Women like Nisha break glass ceilings. Great first woman partner hire for Trilegal's Mumbai office.
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11.3
Like +5 Object -1 cliche 31 May 17, 00:50
SRG alias Samir Gandhi and his battery [...] core-competence is on compliance work and daily/weekly/monthly competition law alerts whereas real lawyers go for real (transaction) work!
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11.4
Like +9 Object -3 Older Hand 31 May 17, 14:42  interesting
And Samir is a better lawyer than Pallavi Shroff? You smoke some serious pot my brother. Clearly Chambers did a shoddy job or was wined and schmoozed Samir style;)
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11.5
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Like +0 Object -0 Scooter- 08 Jun 17, 16:05
not to mention, paid
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Like +2 Object -4 Guess 30 May 17, 14:40
What can be the reason? Any guesses would be useful... Its definitely not money...
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Like +1 Object -2 Whatever bro 30 May 17, 15:54
Is that a pot shot at Trilegal?
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Like +0 Object -0 Guessed 31 May 17, 09:14
She wasn't given equity
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12.2.1
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Like +4 Object -2 kianganz 31 May 17, 09:31
I believe she was equity at AZB...
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13
Like +15 Object -5 Hahahaha 30 May 17, 14:41  interesting  controversial
This. Is. Amazing.

So:

1. The blue skies that Zia mentioned in her "welcome remarks" clearly referred to the Nisha- Ashwath "alliance" and the Nisha- Samir battle, which clearly Samir won. Between AZB Mumbai and AZB Delhi, which operate as separate firms, Delhi wins!
2. This is probably the beginning of more "Erstwhile CAM stars" who Ashwath took along.
3.[...]
4. Holcim has another choice to make - maybe stay with Samir for its merger filing work. Or move along to Nisha!!! Another decision to make for them.
[...]
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13.1
Like +9 Object -2 Masterful 30 May 17, 15:06  interesting
Hahahaha...masterfully written.

While not many will understand all of what is written, the legal community is a small circle and there's always someone around the corner to explain in great detail (wink wink)...
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13.2
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Like +3 Object -2 Cci speak 30 May 17, 17:34
Holcim replaced Samir with Dhall and Nisha. Kian had carried a story on this. Check your facts. Quality speaks.
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Like +2 Object -1 Umm 30 May 17, 18:26
That's actually not true...
Holcim had/has SAM as it'a india lawyer's, and had Nisha as well.
Lafarge replaced Samir with Dhall. Then they got sold to Birla, which is with CAM?
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13.2.1.1
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Like +7 Object -4 Ah ha 30 May 17, 19:40
Which is why Nisha and team are representing Lafarge at COMPAT on the cement cartel? Does CAM even have a semblance of a competition practice. Percy is a superb general litigator not a competition lawyer.
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Like +5 Object -11 Team? 31 May 17, 02:26  controversial
What team? Her best stayed back at CAM.
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Like +4 Object -3 No 01 Jun 17, 08:40
Her best - Soumya - is still with her.
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Like +4 Object -3 Bum Bum 01 Jun 17, 10:06
You smoking something strong at CAM? Her real team is with her.
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Like +0 Object -0 fact check 02 Jun 17, 03:30
Birla at CAM? Um how? They filed a cartel complaint for Reliance Jio against Birla.
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13.2.2
Like +6 Object -1 Oh CCI 30 May 17, 18:40  interesting
Why don't you post the link and also explain if Holcim retained Nisha@AZB or Nisha standalone? And whether they would now like to move with Nisha@Trilegal? The tail has to stop wagging the dog!
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14
Like +13 Object -4 Backie 30 May 17, 14:43  interesting
Edged out by AZB internal people. Zia should have done a better job making her fit.
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Like +4 Object -2 Insane Statistics! 30 May 17, 14:49
The article states that "she was billed at the time by AZB as having a 51% market share of merger control clearances". This definitely cannot be in terms of the number of merger filings made to the CCI but has to be in terms of the number of resources working on a particular matter vis-a-vis the total number of people working on such matters across all firms.
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15.1
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Like +0 Object -1 kianganz 30 May 17, 14:56
That statistic was from the AZB press release, which was quoted in the linked-to article. I think it was referring to her filings out of total filings done across the country.
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15.1.1
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Like +3 Object -1 Industry Insider! 30 May 17, 15:43
That is definitely not possible! #factsneedtobechecked
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Like +2 Object -1 sensible bloke 30 May 17, 15:48
highly doubt that CAM had done over 150 MC filings (at least) till last year (considering we are now at 500+ filings), the market is small, but not that small. Several filings are done by the big 4s at half or even the third of the cost that is charged by the likes of the top law firms. My guess is that AZB's press release was more in the nature of what they belived to be a prize in a big game hunting. Facts needed to be checked before that story was run.
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16
Like +7 Object -1 Bza 30 May 17, 15:13  interesting
We should have a minimum of 150 comments here!! NKU deserves this...
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17
Like +24 Object -3 So now? 30 May 17, 15:31  interesting  top rated
Will Ashwath now prefer to work with Samir or will hand competition mandate to trilegal? #dilemma.
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17.1
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Like +15 Object -15 Apna kaam karegi Nisha 30 May 17, 15:47  controversial
It is widely known that very little of the work Nisha did at AZB came from the corporate teams of AZB. A bunch of advisories maybe, billed at nominal amounts. Most of her clients were her own, AZB fed her with very little work. Ergo -

#dilemmaisredundant
#moveonfolks
#wishnishathebest
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17.1.1
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Like +4 Object -4 Yes 30 May 17, 16:04
Bulllll....
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Like +4 Object -3 Cock 30 May 17, 17:36
See Idea Vodafone. Which propelled AZB to the top of the league tables. Nisha's deal since corporate went to Vaish. Facts speak louder than naysayers!
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Like +11 Object -5 Anon!!! 30 May 17, 18:56  interesting  controversial
Agreed entirely. NKU's reputation in the competition space speaks for itself. She was a brand in her own making... good for her and wish her all the best! She will be a good fit in trilegal.
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Like +0 Object -1 Bulll 30 May 17, 20:22
Correction Not Nisha's, AZBs...
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18
Like +10 Object -5 Trilegel123 30 May 17, 15:33  interesting  controversial
Welcome on-board Nisha, had the chance to work opposite you and was v impressed. Look forward to working together!

Minion
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Like +4 Object -2 Alias 30 May 17, 15:40
That'll also make her the only female partner at Trilegal. Is she also the first one?
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Like +3 Object -1 No 30 May 17, 15:54
Charandeep and Kosturi are partners.
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Like +3 Object -0 Andawala 30 May 17, 17:51
So is Upasana
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19.2
Like +10 Object -2 Represented 30 May 17, 16:43  interesting
Only female partner in the Bombay office of Trilegal and that too lateral. Leaves a lot to think about
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Like +4 Object -1 Republic Expose 30 May 17, 15:43
Somebody who's big at CAM is also about to leave.
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Like +2 Object -0 Yes 30 May 17, 16:04
Who??
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Like +2 Object -1 Bza 30 May 17, 17:58
[...]
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Like +3 Object -0 Big? 30 May 17, 19:37
Not sure if [...] is big; certainly not the work-wise star some make him out to be! Also, Kian didn't you adopt a policy of filtering the names, unless it was confirmed or the comment had a reasonable basis? Does that mean [...]'s departure news is fairly accurate?
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Like +1 Object -0 kianganz 30 May 17, 20:49
Sorry, that had slipped through, didn't realise it was referring to departures. Don't know whether that's true or not, either way.
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Like +0 Object -0 Repeat the question 01 Jun 17, 00:13
Who is leaving CAM? Sorry - I missed the name before Kian censored it. Is it a partner?
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Like +3 Object -2 Ahmed GSPC 30 May 17, 15:45
Moving from Cam was not a good idea..
But I wish her the best. She is a good lawyer. I had worked with her and gauri. They both were phenomenal. Is gauri also moving with her?
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21.1
Like +10 Object -1 ? 30 May 17, 16:38  interesting
Who is Gauri??
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Like +0 Object -3 Guest 30 May 17, 18:24
Gauri is now with SAM Mumbai
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Like +5 Object -1 ? 30 May 17, 18:50
Yes. But who is she?
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Like +4 Object -0 NDL 30 May 17, 21:42
There is a Gauri in CAM Delhi too :-)
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Like +0 Object -0 Haha 03 Jun 17, 14:44
And in SAM Delhi as well :)
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Like +28 Object -6 Sound move 30 May 17, 15:47  interesting  top rated  controversial
Trilegal is quietly plugging gaps in its practice areas. Bhakta for capital markets, Nisha for comp. Coincidence that they are classmates? Probably not.
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23
Like +20 Object -1 Own goal 30 May 17, 15:48  interesting  top rated
Very interesting move at many levels, some of which have already been mentioned above.

On a larger note, this signals a big pivot for Trilegal who have now clearly bought into the buy laterals strategy. Wonder what the home grown talent feels when the firm goes shopping across all practice areas practically to build profile - first private equity, then capital markets and now competition law. So much for the claim of being different to the other big Indian law firms.
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23.1
Like +10 Object -4 Sound move 30 May 17, 16:00  interesting
Not quite true. Laterals seem to be being brought in where there;'s a gap in the offering or a significant book. Home grown talent is being elevated as well, in other areas.
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23.2
Like +15 Object -6 Home Grown 30 May 17, 16:35  interesting  controversial
The Homegrown talent is feeling very proud that it has established a Firm and a platform to which top professionals are attracted to. Homegrown talent is the reason for the success of the Firm and will be delighted to welcome more such talent.
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Like +19 Object -0 Ahem 30 May 17, 15:59  interesting  top rated
EVERY LI article has comments praising CAM and dissing other law firms. Don't see that happening with any other firm. Guessing other firms have real work to do.
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Like +1 Object -0 Bombay Times 30 May 17, 16:04
Paparazzi have been spotted on the 14th Floor of IBC! good luck to me on getting a picture clicked - this is as good a time as any.
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Like +8 Object -3 Bza 30 May 17, 16:22  interesting
Cam is going down big big time! Kian may not publish this!
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Like +8 Object -1 Equity 30 May 17, 16:32  interesting
Trilegal has only one kind of partner. Its all equity. The headline implies that they may have non equity partners also.
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Like +11 Object -0 Churan Churn 30 May 17, 17:16  interesting
So the few big moves in two year - Akshay, Shuva, Ashwath and Nisha (atleast based on number of comments in LI). Two out of the four have already jumped ships. What's the story on the the other two? The nation wants to know!!!
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Like +0 Object -2 Well 31 May 17, 11:38
Both Akshay and Ashwath are doing well. Both are established and successful lawyers with a responsibility towards their teams that they had taken along in addition to the promise they might have given to their respective Managing Partners... They cant afford taking such calls, both reputation wise and ethic wise!
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28.1.1
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Like +0 Object -1 Well 31 May 17, 11:50
Ethics wise*...
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28.1.1.1
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Like +8 Object -10 New Big A 31 May 17, 15:33  controversial
Ashwath is not in the same league as an Akshay. Neither is he a Managing Partner nor has he successfully set up an office. Unlike Shuva he is not even M&A head. His claim to fame was moving with one junior partner from CAM to AZB. He made his other juniors partner at AZB whom Cyril did not make partner. And now a lot of people in his team are looking to leave and go back to CAM where they are not micromanaged. With Ashwath having lost his ability to get Tata work with the big BV being replaced by super successful Shuva major revenue loss will follow as Shuva will give his work to SAM and CAM. More exits from AZB to follow.
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28.1.1.1...
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Like +3 Object -1 Hahaha... 31 May 17, 16:12
I can only laugh at you. You have proved how naive you are in whats happening around. Stick around and watch out.... For the time being, fill in your timesheets!
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Like +0 Object -2 Fact checking 01 Jun 17, 00:10
By the way Ashwath moved with 3 junior partners - Dhruv, Anu and Ganesh. They were partners in CAM when they moved.
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28.1.2
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Like +1 Object -0 Hehehe 31 May 17, 13:23
So these don't apply to Nisha and Shuva? Are you implying that?
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Like +0 Object -2 Well 31 May 17, 14:29
No.
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Like +2 Object -0 Guest 31 May 17, 12:36
where did Akshay move to?
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Like +12 Object -18 Anonymous 2 30 May 17, 17:25  controversial
Nisha is extremely hard working and a brilliant lawyer. I have no doubts that she will excel wherever she will go.
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29.1
Like +11 Object -7 Ah! 30 May 17, 18:44  controversial
In which case, why does she need to keep "going" someplace?
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29.1.1
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Like +7 Object -6 Ah ha 30 May 17, 19:36  controversial
Because people want her!
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29.1.2
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Like +7 Object -7 Ah ha 30 May 17, 20:09  controversial
Cos she has a market and work and her team with her.
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Like +3 Object -6 Anonymous 2 30 May 17, 17:30
Nisha is a very hardworking and brilliant lawyer. I have no doubts that she will excel wherever she goes.
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Like +11 Object -10 Real Reason 30 May 17, 17:40  controversial
Slick Gandhi versus No-nonsense Uberoi. They did not even sit together at last weeks CcI annual day. Dont see eye to eye.

Nisha is also the CCI ICN NGA alongwith Shweta Shroff of SAM. Shows which lawyers CCI values.
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31.1
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Like +1 Object -0 not from lala firm 02 Jun 17, 02:24
really? you hav no clue about the world then
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31.2
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Like +0 Object -0 InsaneStatisticsisbac 09 Jun 17, 15:09
On the second point here, there are 5 firms who are CCI ICN NGA and not just NKU. This includes CAM, SAM, KCO and Chandiok as well. Why can't people check their facts?!?
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Like +25 Object -8 Duckie 30 May 17, 18:07  interesting  top rated  controversial
Heard her entire team is moving with her. One stroke top quality competition practice acquisition for Trilegal. Poor Gandhi. Will he now need to Google answers?
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32.1
Like +15 Object -3 Trilegal on a Roll 30 May 17, 20:17  interesting  top rated
First they poached Bhkta and now Nisha. Smart moves. With the addition of Capital Markets and Competition practices, their claim to be a full service law firm finally acquires some merti.
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32.1.1
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Like +3 Object -1 Interesting 30 May 17, 21:16
Maybe Bhakta had a role in poaching her. They are batchmates after all.
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32.1.1.1
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Like +5 Object -6 Bhaiya 30 May 17, 22:31  controversial
So are Nishant and Harsh! They were classmates 15 years ago.
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Like +2 Object -1 Reindeer 30 May 17, 18:18
How is Ashwath handling this? Heard some other ex Cam partner also leaving AZB?
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33.1
Like +6 Object -1 Yes 30 May 17, 18:46  interesting
Think everyone apart from Anu is floundering and looking to leave. Or return to CAM
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Like +4 Object -1 Enthu Cutlet 30 May 17, 18:26
How much money do people like Nisha make a year?
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34.1
Like +5 Object -0 Lakshmiji 30 May 17, 18:49  interesting
A lot.
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Like +16 Object -0 PSS 30 May 17, 18:37  interesting  top rated
Economics 101. Demand and supply. In a limited high quality market of top lawyers, you can count them on one hand. People like Shuva and Nisha will move simply because they can and are professionals, not bonded labour. They will move for better working conditions as professionals, for better opportunities and to move on to the next stage of their careers. They have a market, a solid reputation of going flat out for their clients and credibility of delivery. Looks like the churn is back in the market and the Indian law firm market today is as dynamic as the international law firm space. You dont need a firm to split to move. Teams and practices will move. Onward and upward.
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35.1
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Like +20 Object -26 Bza 30 May 17, 19:41  controversial
But Boss? Why on earth Trilegal?? It's a Tier 2 or 3 firm!?
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35.1.1
Like +12 Object -4 Triumphant 30 May 17, 21:28  interesting
Chambers Law Firm of the Year: Trilegal. What are you rolling in your once Tier 1 Firm which has gone down the tubes my brother?
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35.1.1.1
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Like +4 Object -4 Try Legal 31 May 17, 04:43
Who's the managing partner at Try Legal?
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35.1.2
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Like +14 Object -15 Tier Tier 30 May 17, 21:39  controversial
Only Tier 1 firms are Shardul, Cyril & Zia - And when you have exhausted these, you only go downstairs my friend or join classmates Nishant & Bhakta :-)
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35.1.2.2
Like +22 Object -1 Charliebhaiya 30 May 17, 23:06  interesting  top rated
The old family led Firms, notwithstanding their current rankings,(which are well deserved), are not the future. Tier 1 is an acknowledgment of the work done by them in the last 15 years. It doesn't indicate what they will do in the next 15.

Most Non family equity partnerships have not gained scale yet. Trilegal is an exception. Trilegals status as a Tier 1 is not questionable at all and it will continue to be an attractive platform for the next generation. Ravi Bandhkavi, Bhakta and now Nisha are looking 10 years ahead and not at the tier system based on historical achievements.
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35.1.2.2...
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Like +1 Object -2 quit trilegal 02 Jun 17, 02:26
don't know about this Nisha or Bhakta - but can vouch for Ravindra Bandhakavi. He is awesome!
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35.1.2.3
Like +22 Object -1 SC 31 May 17, 00:38  interesting  top rated
Better to be in the company of credible NLS batchmates than work for your average lala shop. These almost 40 year olds have at least 20 years of a career left. Compared to the papa and mummys you worship.
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35.1.2.3...
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Like +3 Object -1 But? 31 May 17, 12:00
Isn't samir aslo NLS?
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Like +3 Object -0 Zias comment 30 May 17, 18:51
Her comment on Nisha joining l, the "blue water" one hahahaha
Abh to Pani Pani Pani!!!
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Like +4 Object -2 Guest 30 May 17, 19:54
Wow! I thought Zia would change with the lot from CAM coming in. She couldn't retain Nisha for more than a year!!! Looks like old habits die hard.
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Like +1 Object -0 ElCid 30 May 17, 19:55
It was bound to happen. Haven't you guys heard about Nisha v. Zia and Nisha v. SG?
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Like +1 Object -0 ElCid 30 May 17, 21:28
Fastest 10o comments this, kian?
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Like +3 Object -4 Kian? 30 May 17, 22:00
@kian- Why are you not publishing comments on the pattern of Nisha's exits immediately subsequent to firm paid foreign vacations?? You think it is ethically kosher and therefore doesn't need to be said??
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Like +4 Object -1 kianganz 30 May 17, 22:13
I'm not sure I follow. Are you saying that if you go to international conferences regularly, you shouldn't be allowed to resign within a short time of having attended those conferences?
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40.1.1
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Like +4 Object -1 Gandy 30 May 17, 22:45
As an equity partner those conferences are BD/ networking to build clients. Only a child would be foolish enough to look on it as an international holiday
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40.1.2
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Like +1 Object -1 Wow Kian. 31 May 17, 09:39
@kian - you clearly seem to have some really suspect ethics at work yourself for the biased censoring going on. What did you find so problematic about the response to your naive question that you can't publish even an edited version. This is bullshit not legal journalism.
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40.1.2.1
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Like +6 Object -3 kianganz 31 May 17, 09:58
There there, don't be upset - your other comments that were moderated had a similarly hyperbolic tone. In any case, I think ethics doesn't really come into it at either level.

Your argument presupposes that in the months before someone is considering leaving a job, they have a moral obligation to suddenly change their behaviour, by not going to conferences they went to previously (or theoretically, not take their bonus payments, or not use taxis paid for by the firm, or not accept a birthday gift from the managing partner?).

Point is, people change jobs all the time, and that's normal. Similarly, it is normal for many partners to go to conferences, etc, in some cases many times a year. The benefit in going to a conference presumably accrues to both individual and the firm, and the presence of a partner at a conference (even if they later leave) is valuable to a firm in part. So why should such engagements be cancelled, just because a person is considering moving on or exploring other options?
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Like +7 Object -4 .... 31 May 17, 10:30
It's unfortunate that you can't differentiate between taking a taxi and doing BD on one firms money, potentially for the future employer. It's also unfortunate that you think patronising readers masks your ethical murkiness. There there.
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Like +2 Object -1 kianganz 31 May 17, 10:56
You have still not given any practical explanation for how this should be handled, which is why your argument comes across as either naive or little more than ad hominem.

Say, for argument's sake, you are considering getting a job with another firm, and your current firm is considering sending you on a conference (or giving you some other perk, such as a bonus, free taxis, an offsite retreat, a corner office, a promotion someone else could have gotten, etc, which is where your slippery slope leads).

Your argument is that you must lie to your current firm and make up some excuse so that you don't end up going to this conference (or refuse some other 'perk')?

At the end of the day, leaving a firm or getting poached by another firm by definition involves a small amount of deception in nearly every case, though it is 100% within their prerogative. But if you are expecting those leaving to then keep to some arbitrary standard of avoiding conferences, is ridiculous and sounds somewhat motivated in this case.
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40.1.2.1...
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Like +4 Object -1 Rohin 31 May 17, 11:23
Please separate reimbursements from BD trips, they're for costs undertaken already

Please separate bonus from BD trips, bonus is acknowledgement for work done.

I think the problem is not with, say, going on a firm retreat before you quit, but rather going on a BD trip. If you're doing BD when you're going to move shop in a week, I'm going to guess you're effectively promoting the new firm, on the old firm's money. I can see what that could be a problem
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40.1.2.1...
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Like +0 Object -1 kianganz 31 May 17, 11:38
To some extent they are different, but there are many other scenarios too. Should you decline to go on beauty parades or pitches if you're considering accepting an offer with another firm or are considering resigning? Should you decline to go to client meetings? Should you decline a promotion (possibly robbing someone else of a promotion)?

I think people moving on and developing personal brands is simply a risk of doing business as a professional services firm. And until you have signed on the dotted line with another firm and given notice at your existing firm, realistically there is no other option than keeping it business as usual.

It may be another matter if you're going to conferences and already overtly poaching clients before you've left (which could be a possible breach of contract), but as far as I'm aware, in this case, the move was a pretty closely held secret so it wouldn't have come up at conferences.

In the arguments given here, I simply don't see any realistic alternative, with it being possible to explain the main thrust of objections with a simple: "It is quite complicated as a partner to move jobs."
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40.1.2.1...
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Like +0 Object -2 Trainer 31 May 17, 13:04
If the BD trips are an issue because Nisha is leaving, would AZB correspondingly give up deal credit for Idea Vodafone? Since Nisha and her team are doing the deal and therefore would AZB slide down in M&A deal tables? Would be the same precise logic which should be at play?
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Like +2 Object -0 Sure! 31 May 17, 16:16
...if Nisha also "gives up"/returns her remuneration for the period she was at AZB! Both deals/transactions and BD/clients belong to the firm, not the individual - "which" firm is the question here. One advice - train harder.
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Like +18 Object -4 fan of Zia 30 May 17, 22:03  interesting  top rated
The fact that Zia put out that statement clearly shows that:

- Zia is very mature unlike a CSS or the rest; and
- she damn right thinks Nisha is a good lawyer and wished her the best

I am no one to opinion on whether Trilegel is a good fit or not, that's up to Nisha choice. But so glad to see two women stand out from the crowd of male domination in our profession. I would love to see more women like these two.

Also pls Stop with the negativity and for a change don't say anything nasty just for sake of commenting!
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Like +33 Object -4 Lala ji 30 May 17, 23:19  interesting  top rated
@ all people spewing negativity about trilegal :

You all are doing a major disservice to the industry by not commending the rise of an iconoclastic firm, not to forget the youngest firm of the lot, which was conceived not only as a more professional alternative to the family /lala run firms, but as a belief that first generation lawyers can make it big in the country.
The Status quo is changing. More power to you Trilegal. Victory of professionalism.
Down with lalas.
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Like +5 Object -4 Exactly 31 May 17, 11:25
Precisely. Trilegal is the best!
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Like +0 Object -0 Wut? 06 Jun 17, 22:32
Then why aren't more people joining the "iconoclastic" firm?
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Like +59 Object -4 WhereDidWeComeFrom 30 May 17, 23:50  interesting  top rated
Ours is such a sad existence. Look at everyone, it's shameful. As a community, we are bunch of gossiping twats. Look up man, none of this matters. This bickering, flaunting your "insider info", having an opinion on every damn thing - when you're 49, possibly a 'star' yourself, driving (or being driven on) that royce and yet, sniggering at every damned piece of gossip. We ought to cool down as a community, we are no more important than any other profession. Calm the fuck down. Don't die being so bitter.
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43.1
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Like +0 Object -0 Headinthesand 31 May 17, 11:17
And whilst the lawyers bicker over their little victories and losses in their little bubble, the rest of the world makes the money.
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43.2
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Like +2 Object -1 Hehehe 31 May 17, 13:27
How will Kian survive it or weren't for all this??
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Like +1 Object -0 Curious P 31 May 17, 11:40
So what kind of money are we talking here ? What would she be making ?
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44.1
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Like +1 Object -2 C Wing 31 May 17, 12:27
1.5 to 2 Cr
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44.1.1
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Like +1 Object -1 Dial M 31 May 17, 14:33
You kidding me. More than double that. Easy peasy.
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Like +1 Object -1 Boss! 31 May 17, 12:51
Zia's email with Samir's name coming first and Nisha's following his makes the hierarchy which prevailed within the firm's competition practice evident. And for someone who headed the practice at CAM, this was bound to be problematic
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Like +1 Object -5 Boss mama 31 May 17, 13:53
Zia is not foolish to put Nisha's name first when she is leaving. ROTFL. Zia clearly thought the practice needed someone beyond just Samir. Heard Samir was crazily insecure given Bombay Delhi politics. Oh well, shows that two heads are not better than one.
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Like +2 Object -0 150 31 May 17, 14:13
I am comment No. 150!!
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Like +0 Object -0 Rai 31 May 17, 15:09
Isn't Khaitan competition partner on 13th Floor?? It will be fun to watch the two madames meet and greet each other working in the same building
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Like +0 Object -0 In the know 31 May 17, 17:19
Trilgel is moving to Peninsula
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48.1.1
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Like +2 Object -0 Correction 31 May 17, 18:15
To Peninsula Business Park just to be clear
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48.1.2
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Like +0 Object -0 Moving already! 03 Jun 17, 22:46
Yo! It has already started no?
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Like +2 Object -0 NKU pets 31 May 17, 15:11
What about her team? Who all are moving with her? Will some go back to Cam?
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Like +0 Object -0 Uber oye 31 May 17, 16:50
Kian when is her last day? Or will Zia do a CAM?
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Like +33 Object -11 Mythbuster 31 May 17, 21:47  interesting  top rated  controversial
Many of the fine gentlemen (or ladies) commenting here are clearly not competition lawyers - and thus have very little idea of the situation. This is such a small community that everyone is familiar with everyone else. Most of the barbs being traded below have very little basis in fact so allow me to burst some myths -

[a]Myth No. 1 - that either Samir or Nisha or Rahul Rai are sub-standard lawyers in any way

All three are very fine lawyers, albeit with different styles. Samir is a true gentleman of the old school who is loved by foreign law firms as well as his clients and peers. Nisha is very driven and hard working, with a great rapport especially with the Japanese. Rahul Rai is one of the few competition partners in India who can lay claim to a marquee international trade practice as well.

Myth No. 2 - Samir didn't like Nisha so she went her separate ways

[...] That is not necessarily a failing and hasn't stopped her from building a great practice. Her move to Trilegal is more of a move to a one-partner setup, than any hostility shown by Samir. As said above, Samir is by nature very accommodating and anyone who alleges that he made life difficult for Nisha clearly doesn't know Samir - or Nisha for that matter!.

[c] Myth No. 3 - Nisha had "51% market share" and without her AZB competition is sunk

This number, even if true (which it isn't!) doesn't prove anything. In CCI's first year of merger assessments, Shuva Mandal (now GC of Tata Sons, and definitely not a competition lawyer) held a 60+% market share. So what does this prove - absolutely nothing!

Samir has a very good team in Delhi, and of course, Rahul Rai in Bombay. So his practice will definitely not be affected by Nisha's departure - it will continue like it did in the pre-Nisha days.

[d] Myth No. 4 - Jumping ship within a year means something is wrong

Come on guys, this doesn't need any thinking through! there is nothing wrong with leaving for new and better opportunities. Nobody is tied in to anything. All good thoughts to Nisha to keep rocking!

[e] Myth No. 5. - Nisha decimated the CAM competition practice when she left for AZB

Nisha brought a single SA and a few junior associates to AZB. Most of her senior people stayed behind, including her sole PA Bharat Budholia who is a partner now. With the entry of Anshuman Sakle, its a young team with formidable talent. CAM competition partner Rahul Goel recently won a landmark SC case on relevant turnover.

[f] Myth No. 6 - Google fired Samir to go to ELP

Google is very much with AZB. AZB and ELP jointly represent Google.

This myth is the reason why I say most of the people commenting are not competition lawyers. If they were, they would know that Google is famous for changing its antitrust lawyers regularly and sometimes for no reason, across the world. This hasn't happened in India.

[g] Myth No. 7 - having CCI members or advisors on speed-dial is something wrong

Grow up chaps! in any regulatory practice, the bar is very familiar with the regulator. Not only Samir and Nisha, all other competition partners in India have these contacts with CCI officials. As to a senior officials daughter working with Nisha, if this were a problem, no child of a judge would ever be able to practice. There are clear rules on conflict and as long as they are followed, I don't know why anyone has a problem.

[h] Myth No. 8 - Samir and Rahul were part of the first CCI misrepresentation case so how dare they allege connections

First, I don't see these two alleging any 'connections' between anyone. Second, if the person making this allegation knew anything about the SMTB case, he or she would know that it was the most frivolous case ever and if it had been appealed, the COMPAT would have like come down on the CCI like a ton of bricks. One should note that even after blowing a lot of smoke, the CCI penalty was a big zero!

Myth No. 9 - Former CCI Chairman Ashok Chawla's son works in AZB Delhi so that must mean something!

Perhaps! If he was a competition lawyer... which he isn't!. Ashok Chawla was part of CAM's leadership committee while Nisha was still working at CAM so if the dad being there didn't help Nisha, I doubt the son being at AZB will help Samir.

[j] Myth No. 10 - Zia Mody has been stung badly by this move

Those who say this perhaps don't know Zia Mody. There was a time when several of her top partners, including Shuva Mandal left all at once. Many predicted the downfall of AZB even then - and have been left eating crow!
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Like +3 Object -2 Insider 02 Jun 17, 03:56
HR quality is really going up nowadays. Hope you get a raise by December. Nisha left before Chawla joined. His son has been in Samir's office [...]. Soumya who moved with Nisha from CAM was a PA. Same as Anu and Dhruv. Google must be like Lafarge who replaced Samir Gandhi. Guess there is no such thing as coincidence.
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51.1.1
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Like +1 Object -0 Mythbuster 02 Jun 17, 21:09
Is calling me HR the best you can do? Oh well..

If you think Ashwini Chawla being in AZB Delhi helped Samir, you clearly don't know Mr. Chawla, hence proving you are not a competition lawyer.

Somya indeed moved as a PA - I admit that was a mistake on my part, although she wasn't PA for very long.

Lafarge Holcim fired both SAM and AZB, and went to CAM. Then moved back to AZB with Nisha. Google is still with AZB at last count, although they may go elsewhere later (which is their right, don't you think?). Irrespective of this, Samir Gandhi (like Nisha) is an extremely competent antitrust lawyer. Just see the latest Chambers & Partners rankings.
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Like +6 Object -6 Mythical 01 Jun 17, 09:15  controversial
As a Cammie think of the ethics of Ashwath making his senior associates wait to be announced as partner and then leaving before deeds are signed. The CAM corporate practice has survived Ashwath so well that Reeba, Nividita and Shishir together with Cyril Shroff a corporate powerhouse are on every deal that matters. Ashwath seems to have got lost in the crowd as several AZB partners have more stature than he does stars like Ashwin, Gautam Saha. In contrast LV's status has grown in the market and he is widely acknowledged as the nexf Cyril. Cant see the same happening with Ashwat in AZB. His various AZB troubles seem to weigh him down.
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Like +2 Object -2 Dark Army 02 Jun 17, 01:24
Off late I see many anti-Ashwath comments - some of which make little sense. Is there some CAM PR machinery at play here? The guy has done well and is doing well at AZB. I believe he pulled Lafarge (that's why you will see while CAM is credited with the due diligence the deal is credited to AZB) which is a whale of a client after Cyril tried really hard to retain the client. I believe some of Nisha's clients also followed her. The time when clients were tied to the firm due to Managing Partner relationships with promothers or CEOs are over. Clients are now respecting younger exceptional lawyers as professionals as well.
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Like +2 Object -2 Food for thought 02 Jun 17, 12:32
LV is who he is. No doubt. Comparing reeba and nivi (in bangalore) to Ashwath is tad bit unfair don't you think? Shishir is a solo man. He was given the task of retaining ashwath's team when he was leaving. Forget about those guys, he couldn't retain senior members of his own team. Each and every person moved because of Ashwath and not azb. Even Cyril should be proud of what he created and not get his machinery into play to defame the man.
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Like +6 Object -6 Ariana 01 Jun 17, 09:23  controversial
The move emphasises one thing. AZB Delhi - Bombay split is very evident. AZB Delhi has had the upperhand now for the last 2 years once AZB Bombay lost Shuva, Essaji, Kalpana, Vineeta, Vishnu. For all the marketing bullshit Ashwath is not a Zia or a Cyril. He is in the league of an Ashwin and Darshika; a good lawyer but not able to balance the scales of so many big time corporate losses. AZB Delhi has Vinati, Anil, Saha and Hardeep. Who have been around for years. Things are a year are clear with Ashwat not being able to pull any of his big clients from CAM like Kotak as Uday will always be a Cyril loyalist.
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Like +9 Object -6 Mrs. Brown 01 Jun 17, 14:43  controversial
Now that you have done your job here, will Cyril give you your bonus? Am assuming you don't have any other performance targets.
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Like +3 Object -2 Dance Practice 01 Jun 17, 15:23
This might be true, aswath used to do 50-55 crore billing at CAM, per AZB grapevine he could only manage 45-47 cr in his 1st year at AZB.
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Like +5 Object -3 Mid June 01 Jun 17, 17:18
That too from mid June, not April 1st. Even so, is that a small number? Its not easy to bring work so easily amidst so much competition. Give due credit please...
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53.2.2
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Like +5 Object -2 kianganz 01 Jun 17, 17:21
Yeah, totally - if those figures are true, that would be not bad at all for a transition year from a firm like CAM...
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53.2.3
Like +8 Object -3 fact check 02 Jun 17, 03:46  interesting
BULL. He billed 13 crore at CAM. His BEST partner Shishir refused to move with him. His other senior partner Jaya stayed back to. He took Ganesh a first year partner, 2 PAs who he made partner on AZB money and a bunch of juniors. Most of whom hate the micromanaging of AZB, the cameras in the cubicles, the surveillance and all other AZB madness. Most waiting for bonus which AZB does not pay until September to rush back to CAM.
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53.2.3.1
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Like +1 Object -1 Retired lawyer 02 Jun 17, 11:19
Totally agree, and you founded a Unicorn this year!

If one has the time to make statements here, then is too far removed from numbers and law firm inner circles to know anything beyond his/her own salary!!
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53.2.3.2
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Like +0 Object -3 CFO 02 Jun 17, 11:20
each one of his verticals used to bill that much! Do the math.
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53.2.3.2...
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Like +1 Object -0 MPO 02 Jun 17, 11:59
Dont lie. Cam knows his billing and it is nowhere near that high
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53.2.3.3
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Like +4 Object -3 CAM Insider 02 Jun 17, 12:00
I don't believe how people with absolutely know knowledge can spout this crap. Unless it is purposeful disinformation from Cyril loyalists. Everybody in CAM knows Ashwath had an approx. 50 crore book (including billings of his 3 junior partners and Shishir) and he referred almost 15- 20 crores to other partners (including Nisha while at CAM).
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53.2.3.3...
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Like +2 Object -2 Doodh wala 02 Jun 17, 17:19
...then what prevented him from setting up his own law firm which would have been within top 15 firms in country with start up billing of 50 cr? I am amazed! Somebody told me that the promoters of law firms are able to save at least 60% of the topline as net profits!
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53.2.3.3...
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Like +1 Object -1 CAM Insider 03 Jun 17, 09:27
That's because the bulge bracket and international institutional clients need a brand name firm with the full service offerings and support of different partners when required. Therefore individuals partners may find it preferable to operate under the brand name of a larger established firm. There are many clients who would not be comfortable working with start up firms. Many partners though they may be even able to strike it on their own may not have the risk appetite or want to deal with the administrative and management aspects of ones one firm.
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53.2.3.4
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Like +4 Object -2 Z factor 02 Jun 17, 12:01
You think Zia would have taken Ashwath if his book was 13 cr! Give the lady a break!
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53.3
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Like +3 Object -3 Dark Army 02 Jun 17, 01:36
See comment above. Ashwath pullled Lafarge. Also AZB Bombay still has Darshika Kothari, Ashwin Ramanathan, Shameek Choudhary and Sai Barathan along with Ashwath Rao. AZB Delhi has Anil Kasturi, Gautam Saha, Vinati Kastia and now Madhurima Mukherjee. For the firm isn't it better to have multiple stars unlike CAM where there is only L Viswanathan, Yash Ashar, Amey Pathak, Santosh Janakiram and Reeba Chacko as the star lawyers. Ajay and Zia have the numbers on Cyril on star lawyers in the team.
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54
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Like +4 Object -5 52 & 53 01 Jun 17, 14:49
You guys definitely have grudge/s against this guy. Your views above emanate so. Anyways, when you are compelled to compare him to Cyril or Zia (like people compare Virat with Sachin), there must be something about him.

Do you remember the famous quote from Guru (Dhirubhai movie)? If not, it is - Jab log tumhare khilaaf bolne lage ... samajh lo tarakki kar rahe ho.

Good luck!
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54.1
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Like +3 Object -5 RAUDY 02 Jun 17, 03:49
Ashwat is not in the league of a Som, Shuva or Akshay. He is in the Gunjan category. Book of 15-20 crores with 3 junior partners.
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54.1.1
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Like +5 Object -3 CAM Insider 02 Jun 17, 12:03
You are so wrong - everybody at CAM knew he had a 50 crore book. He and Shuva were peers and almost starting a firm.
Akshay I agree maybe in a different bracket due to his lineage and connections. Though I don't have an idea on his billings.
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54.1.1.1
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Like +3 Object -3 Watchman 02 Jun 17, 13:48
50 crores a year translates to over 4 crores a month. Assuming he works for 25 days a month, that translates to a billing of Rs. 16 lakhs a day. Even if he is billing 12 hours a day, that translates to 1.3 lakhs an hour!! I'm not counting festival holidays, time off for BD, lunch, coffee, tea or even loo breaks. So if he indeed billed so much, it sounds very very unethical.
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54.1.1.1...
Like +8 Object -0 kianganz 02 Jun 17, 13:52  interesting
I think if anything, that figure though it seems a tad high, would include the entire pyramid of the team below, including other partners, rather than one individual's billings...

So if you were to divide 1.3 lakhs per hour between 20 fee-earners, say, you'd end up at a much more reasonable average billing rate of Rs 8,000 per hour per fee-earner... :)
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54.1.1.1...
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Like +4 Object -1 Watchman from Nepal 02 Jun 17, 14:19
Shabji, bhai kaha se aaye ho? Agar aap Watchman hai toh bahut problem hai aur agar aap Vakil ho toh bahut jyada problem hai. Aapko pata bhi hai ke hamare law firm khestra me hisab kitab kese karte hai? Hamare yaha bahut sare vakil hote hai ek Senior ke under. Fir sab kaam karte hai (Vakil ka, Watchman ka nahi) hamare client ke liye. Phir ham paisa lete hai unse and aur ye sab paisa ek Partner ke billing me aata hai. Fir jake ham hisab kitab report banate hai.. Samjhe Shabji?

Jao gate pe khade raho..
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55
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Like +5 Object -9 Ex CCI 01 Jun 17, 16:24  controversial
In the midst of all the noise about these big law firms, away from the spotlight, smaller competition teams are producing way better quality of work than these so-called stars practitioners - P&A, Platinum, ELP (Ravishekhar) to name a few. Real competition in the competition law space is in India’s Brussels, i.e. New Delhi and not in Mumbai. AZB, SAM, JSA, Luthra, Khaitan, Dhall-TTA are firms to compete with and Platinum and P&A are firms to match quality with.
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55.1
Like +4 Object -0 BigLaw 02 Jun 17, 12:29
Some of the partners in BigLaw firms don't have understanding of basic economics. Juniors get screwed in the process.
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55.2
Like +4 Object -0 BigLaw 02 Jun 17, 12:34
There are lawyers doing multiple enforcement matters but not earning as much as Nisha or some other BigLaw competition lawyer. Money does not mean excellence. No doubt Samir Gandhi, Nisha Uberoi etc. must have done things the right to be where they are, but book value is not what law is all about. It is sad that most lawyers in BigLaw firms focus so so much more on recovery than on being great lawyers. It is a FACT that most competition lawyers in India will not understand even a half baked economist report.
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55.3
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Like +0 Object -1 Why are you so SERIOUS 02 Jun 17, 12:51
Really? We would also love the regulator to display some maturity while doing its assessment.
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55.3.1
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Like +1 Object -0 BigLaw 02 Jun 17, 16:11
Why am I so serious? Perhaps because I genuinely enjoy the practise of law.
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56
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Like +5 Object -3 eye to eye 01 Jun 17, 21:53
this nls batch could not see eye to eye in college. hope they are able to gel in trilegal.
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56.1
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Like +1 Object -4 Mpo 02 Jun 17, 11:23
Lull for 12 months, and then fireworks again!
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56.2
Like +4 Object -0 tooth to tooth 02 Jun 17, 14:27
They sucked at cricket, too
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57
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Like +5 Object -6 FactIsFact 02 Jun 17, 13:43  controversial
The day he started at AZB, work started pouring in. Never has a dull moment (workwise, of course!) in his team and everyone stretched beyond limits. And this reality is not going down well with CAM. It takes courage and daring to take almost 25 lawyers along. Only MPB could do that when he left CAM (Amarchand then) but he was far more senior to AR. Folks, just check around the market and you will come to know his standing. He is a lawyer par excellence. Had CSS given him free hands, he would have alone taken CAM's corporate book to 80 - 100 Cr. Did you get that? Stop spreading negative views please....
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57.1
Like +9 Object -4 MPO 02 Jun 17, 14:03  interesting
If ashwat had a 50 crore book or even a 25 crore book he would have the courage to set up his own firm. No one with 13-18 crores will leave a big law firm platform. Everyone knows the truth why do a silly marketing gimmick of claiming 40,50 or 100 crores. Ashwat is no Cyril. Forget Cyril, Ashwat is no L Visvanathan either who has a genuine 60-80 crore book a real pyramid of senior and junior partners under him and the sheer decency and down to earth attitude which Ashwat lacks entirely.
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57.1.1
Like +8 Object -2 kianganz 02 Jun 17, 14:07  interesting
I think it's a perfectly valid decision not to want to open up your own firm - from what I hear, it's a pain in the ass, involving a hell of a lot of admin and stuff other than billing, which will automatically ensure you take a massive dip in the first year.

Indeed, there are many good arguments not to take the start-up risk, no matter how good your book is (or not to take it at this stage of a career).
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57.1.2
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Like +3 Object -4 Ohhh... 02 Jun 17, 14:13
There you are. You have this certain liking towards LV for his down to earth attitude [...]. Right?

And its clear you are not from MPO as you dont know how much his billing or you dont work diligently in MPO office and frequent your visits to the coffee shop..

Best of luck, work well...
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58
Like +6 Object -2 Emperor 02 Jun 17, 15:49
This marketing about Ashwat being better than his peers is bull. Rahul Guptan who is his classmate is a way bigger star. Heads the India group at a massive global law firm Clifford Chance. Way cooler and nicer bloke with a huge dollar book of business. Kian looks like 300 comments on this article soon.
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58.1
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Like +0 Object -1 kianganz 02 Jun 17, 15:51
I hope not - it might crash our commenting system again :(
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58.2
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Like +7 Object -9 Bygones 02 Jun 17, 16:11  controversial
Which world do you live in? When did Guptan leave? Where is he now? Who are his juniors? What is his book? Does it even matter. Today so much is being written about Ashwath for a reason. 30 odd people don't just leave randomly. If Cyril is such a great man or cam is such a great place, why didn't these guys stay back??
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58.2.1
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Like +4 Object -1 Errata 04 Jun 17, 23:25
Every time you post the number of people who left cam with ashwath seems to increase. India is the land of Aryabhatta but stop adding random zeroes.
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59
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Like +2 Object -0 Women Power 03 Jun 17, 17:55
Quite a few cammies from ashwath team have left from funds and corporate verticals.

I hear the top floor ofAZB House is buzzing about the fact that today is Nisha and team's last day. Zia must really like her for such an easy transition.
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60
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Like +4 Object -1 jumpingjack 05 Jun 17, 10:47
Luthra is a tier ten firm. Agree with the dinosaur comment. Though I feel 'dodo'would be more apt.
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61
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Like +0 Object -1 allfartnoshit 05 Jun 17, 16:13
Mr. Nihlani is not posting my comments about the work culture within the competition teams at AZB. This just sucks, Mr. Nihlani.
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