Shardul Amarchand Mangaldas has promoted 11 of its fee-earners to salaried partner level, with the majority of promotions taking place in the corporate practice.

This takes the firm to 102 partners out of a total of 520 lawyers.

Update 4 October, 13:48: Two each of the new partners are graduates of NUJS Kolkata and NLU Jodhpur, while one each graduated from NLSIU Bangalore, Nalsar Hyderabad, ILS Pune, Symbiosis Pune and Amity Law School Delhi.

New general corporate partners

  • Aayush Kapoor (New Delhi) (LLB Amity Law School Delhi 2007)
  • Abhinav Bhalaik (Mumbai) (LLB NLU Jodhpur)
  • Varun Sehgal (Gurugram) (NLU Jodhpur 2006)
  • Sunando Mukherjee (Gurugram) (LLB Symbiosis Law School Pune 2006)

New SAM corporate partners Kapoor, Bhalaik, Sehgal, Mukherjee (l to r)New SAM corporate partners Kapoor, Bhalaik, Sehgal, Mukherjee (l to r)

New dispute resolution partners

  • Rishab Gupta (Mumbai) (LLB London School of Economics 2006; JD Columbia University 2008; DPhil Oxford University 2010-16)
  • Aashish Gupta (New Delhi) (Nalsar Hyderabad)

New dispute partners Rishabh and Aashish GuptaNew dispute partners Rishabh and Aashish Gupta

New banking & finance partners

  • Shubhangi Garg (New Delhi) (ILS Pune)
  • Soummo Biswas (Mumbai) (NUJS Kolkata 2008)

New banking partners Garg and BiswasNew banking partners Garg and Biswas

New projects & project finance partners

  • Vishaka Prasad (Mumbai) (NUJS Kolkata 2008)
  • Siddhartha Sen (New Delhi, NLSIU Bangalore 2007)

New project partners Prasad and SenNew project partners Prasad and Sen

New policy partner

  • Shahana Chatterji (New Delhi) (LLB University of Warwick 2007; LLM Georgetown University 2011)

New policy partner ChatterjiNew policy partner Chatterji

Four of the new partners are in the younger Mumbai office, while the remainder of seven are in Delhi and Gurgaon.

Update 14:13: Mumbai-based managing partner Akshay Chudasama noted in a press release: “Following these partner admissions, the firm’s Mumbai office now has more than 30 partners and 120 fee earners, across practices, which is a remarkable achievement in less than three years.”

Executive chairman Shardul Shroff commented in a statement: “I feel very proud that the firm has achieved its strategic goal of growing to more than 100 partners in our centenary year.

“We continue to be focussed on quality and fostering a relationship of trust with our stakeholders.”

In 2012, pre-break-up Amarchand Mangaldas had unveiled an ambitious five-year plan to grow to 100 partners and 1,000 lawyers by 2017.

This latest round makes Shardul Amarchand the third Indian law firm to cross the 100-partner limit, following Khaitan & Co in 2015, and Cyril Amarchand with its promotions in March of this year.

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1
Like +6 Object -0 Old friend 03 Oct 17, 14:18  interesting
Big congratulations to Varun and Abhinav. Well deserved!
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1.1
Like +10 Object -0 congrats! 03 Oct 17, 19:26  interesting
This is 'mutually assured destruction'".! brothers set 1000/100 target for AMSS, both meet the target individually (almost!), and jointly the target achieved is 1200/200! have profits also grown in same %, or was it only ego?

Kian, will be interesting to do a piece on '2 yrs since split'
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1.1.1
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Like +1 Object -0 Naansense 04 Oct 17, 15:15
Both put together is a total strength of 1250 odd ... nowhere close to meeting 1000 / 100 individually. As regards the piece on two years since the split - round one went to SAM, round 2 AZB ... verdict on round 3 is awaited
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1.1.1.1
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Like +2 Object -2 Autofill 06 Oct 17, 09:17
I think only Luthra will win the round 3. They have been unaffected because of this in fighting among the amarchands and AZB.
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1.1.1.1...
Like +11 Object -2 Guest 07 Oct 17, 16:40  interesting
Sorry, but we are talking about law firms not halwai dukaans.
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2
Like +13 Object -5 NLUJ 03 Oct 17, 14:39  interesting  controversial
I think the partner promotion this time are well balanced. Most of the folks have work experience of around 10 year and we're with the firm for some time now.

Great going SAM!!

But ultimate question- do you have enough work to feed these people?
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2.1
Like +10 Object -2 TP 03 Oct 17, 17:02  interesting
Aap join kar lo Sam bht kaam hai .... Aur agar already Sam mein hai toh let me know if you are free.. will transfer some work
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2.1.1
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Like +3 Object -0 NLUJ 03 Oct 17, 18:27
I am referring to work at A0 A1 level.
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2.2
Like +4 Object -0 Poignant posing 03 Oct 17, 21:32
Actually that's factually incorrect. Quite a fair few are 9 year lawyers.
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3
Like +15 Object -3 Wow 03 Oct 17, 15:03  interesting  top rated
Some big names missing therein. Quite a hard stance taken by SAM this time.

All the best to new partners. Happy 4Cr targets.
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3.1
Like +9 Object -0 Pigeonholed 04 Oct 17, 02:26  interesting
Who are these missing people. The nation wants to know!!
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4
Like +5 Object -0 Alias 03 Oct 17, 15:20  interesting
Well deserved aayush!
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4.1
Like +22 Object -0 Grey 03 Oct 17, 16:12  interesting  top rated
Aayush u a merry christmas, aayush u a merry christmas, aayush u a merry christmas and a happy new year!
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5
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Like +0 Object -1 Please Stop 03 Oct 17, 15:31
Kian - both the links above open only 1 page regarding CAM reaching 100 partners. Please update KCO link.
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5.1
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Like +0 Object -0 kianganz 03 Oct 17, 15:59
Thanks, have updated article, this is the Khaitan link: http://www.legallyindia.com/law-firms/khaitan-becomes-first-indian-law-firm-to-reach-100-partners-promotes-5-equity-10-salaried-20150331-5760
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5.1.1
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Like +1 Object -0 Just for stats 03 Oct 17, 20:55
@Kian, can we have a college-wise break-up of all these people?
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6
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Like +1 Object -2 SAM insider 03 Oct 17, 16:24
Why [...]'s name is missing???????? Isn't she deserving enough????
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7
Like +4 Object -0 Guest 03 Oct 17, 16:32
Congratulations to Abhinav - so well deserved! Happy to see a bright, grounded and hard working lawyer with so much talent get the recognition he deserves!
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8
Like +5 Object -1 The difference is visi 03 Oct 17, 16:34
Congratulations to the new Partners and to SAM
Given the Market conditions, it would have been tempting to give in to the pressure and promote many more. That’s what the Khaitans CAMs and AZBs of the world did. But the prudent decision and one which will play out well in the long term is to promote on the basis of merit and quality.
Well done Hildul, Palava and Chodu. Even if people quit because they were not promoted, you will have the last laugh.
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8.1
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Like +1 Object -0 Hello 06 Oct 17, 22:46
Boss, partner is a tag, salaried partner isn't even real partner. Might as well have promoted more if it helps you keep them. It's not like SAM pays its partners more than other firms pay their Managing associates
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8.1.1
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Like +0 Object -0 Cyan 07 Oct 17, 19:13
Well some are bound to quit. Heard some of the other front runners are looking to do a runner.
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8.1.1.1
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Like +0 Object -0 Hello 09 Oct 17, 11:25
Exactly the attitude that is the problem with SAM. “Some are bound to quit”, so why bother being transparent and sensible in our promotions. Carry on!
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9
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Like +2 Object -1 Guest 03 Oct 17, 16:48
Congratulations, Abhinav and Varun!!
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10
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Like +1 Object -1 NLU Stud 03 Oct 17, 16:54
How many of these are NLU graduates?
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11
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Like +0 Object -1 Bro 03 Oct 17, 17:04
How much would these newly minted salaried partners make a year (salary + bonus)? Also, break-down between Mumbai and Delhi?
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11.1
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Like +5 Object -7 NLUJ 03 Oct 17, 17:31  controversial
Salary = Rs. 55 Lakhs + Bonus (which is 20% of salary, but is never fully paid).
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11.1.1
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Like +5 Object -3 Express 03 Oct 17, 18:37
Heard SAM bombay pays lower than delhi. Opposite of cyril
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11.1.1.1
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Like +2 Object -2 Pigeonholed 04 Oct 17, 02:30
That would be really surprising. From what I hear it's the other way around - BBY pays more, at least at mid to senior level
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11.1.2
Like +7 Object -0 Outsider 03 Oct 17, 19:06  interesting
Not even close. I hear it's 70 Lakhs with a 55:45 split.
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11.1.2.2
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Like +1 Object -2 Insider 05 Oct 17, 05:28
Its way more than that, hon
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11.1.3
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Like +3 Object -7 please 03 Oct 17, 19:19
much more than that...trust me
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11.1.4
Like +5 Object -1 Poignant posing 03 Oct 17, 21:35
Haha. 20% percent bonus. What are they associates. Most SAM seniors have more than 40%-45% bonus numbers. And few new minted partners will make non bonus 55
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11.1.5
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Like +6 Object -8 Total rubbish 03 Oct 17, 21:43  controversial
SAM has the best bonus structure of any Firm.
You can get 200% of the variable incentive and it is paid out.
New partner salary is 70 lakhs. 50% variable 50% fixed.
So you could get over 1 cr
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11.1.5.3
Like +5 Object -1 Wow 04 Oct 17, 13:09
With a 4 cr target they need to recover 8 cr to get 200 percent bonus. Pray tell which last 2 yrs old partners have reached that figure. All hogwash.
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11.1.5.3...
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Like +3 Object -5 Not hogwash 04 Oct 17, 16:33
Nishant Joshi
Harman Singh Sandhu
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11.1.5.3...
Like +4 Object -0 Hogwash 06 Oct 17, 22:50
So SAM believes that a partner should be paid 1cr only if he makes the firm 8cr?
While at other places a partner who makes the firm 8cr would probably earn 2cr.

Best bonus structure indeed
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11.1.5.4
Like +8 Object -0 TruthHearsay 04 Oct 17, 13:45  interesting
Or you could get much less than 50 lacs. 35L (50% of 70L) is fixed. Bonus is discretionary and newly made partners will rarely make more than 50%. Especially these partners who hardly have any book of their own.
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11.1.5.5
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Like +1 Object -0 Not Fair 06 Oct 17, 09:12
Just 2.6 lacs in hand fixed every month after TDS. That’s very less in Mumbai. Not much partner like. CAM, KCO and even JSA Principal Associates are making more per month :(
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12
Like +8 Object -0 Ygritte 03 Oct 17, 17:48  interesting
You know nothing jon snow
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12.1
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Like +0 Object -0 2 years 03 Oct 17, 18:40
2 yrs of sam mumbai. Any info on how bom SAM partners and office is doing relative to sam delhi?
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13
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Like +1 Object -7 Q1 03 Oct 17, 18:38
Congratulations to the new Crorepati's !!
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13.1
Like +12 Object -2 No Crorepatis 03 Oct 17, 19:55  interesting
They aren't making no crorepatis anytime soon, my friend!!
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13.1.1
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Like +0 Object -0 Insider 05 Oct 17, 01:08
Oh.You know nothing.
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13.2
Like +5 Object -0 Poignant posing 03 Oct 17, 21:31  interesting
Didn't know SAM gave 1cr to newly minted salary partners
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14
Like +4 Object -0 Als 03 Oct 17, 18:43
Aayush congratulations. Well deserved.
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15
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Like +0 Object -0 Guest 03 Oct 17, 18:57
I don't see [...]'s name here. How come he still hasn't been promoted?
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15.1
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Like +2 Object -0 Poignant posing 03 Oct 17, 21:30
Who again lol.

Or if it's a game of []s I suggest (*), {©} and "®"
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16
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Like +1 Object -0 Blah 03 Oct 17, 21:36
Kian why you no write undergraduate batch year?
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17
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Like +11 Object -38 Rockstars 03 Oct 17, 21:40  troll?  controversial
Soummo and Vishaka - the Rockstars. Very well deserved. Congratulations!
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17.1
Like +12 Object -1 lol 04 Oct 17, 05:41  interesting
sure!
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17.2
Like +4 Object -0 IknowYouKnow 05 Oct 17, 07:54
But V be like John Snow! Know nothing!
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17.3
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Like +1 Object -0 Anon kk 07 Oct 17, 09:29
Why so much hate ? Live and let live
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18
Like +9 Object -0 Well wisher 04 Oct 17, 13:08  interesting
Congratulations Ashish Gupta!!! A truly home grown partner.
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19
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Like +0 Object -0 Skadden 04 Oct 17, 15:27
1 or even 1.5 crores is nothing for US/UK firms. will be quite a stampede when they come in.
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20
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Like +3 Object -1 MN 04 Oct 17, 16:18
I was reinterviwed and selected! Yay!
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21
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Like +4 Object -1 HawtAashish 04 Oct 17, 16:42
aashish deserves every bit of this promotion coz Ain't no sunshine when he's gone..It's not warm when he's away...aashish i love you !!
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22
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Like +0 Object -0 Guest 04 Oct 17, 18:26
Hey Kian why no updates on liberalisation???
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23
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Like +0 Object -1 Bad journalism 04 Oct 17, 18:58
Stupid Legally India needlessly bringing NLUs into this. If NLUs are so great how come they have such poor administration and faculty?
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23.1
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Like +1 Object -1 Darkseid 04 Oct 17, 19:14
Compared to the stellar law faculty where within the country? And don't say JGLS, where the salary is more than double and where the faculty are never really tested by good students, no matter how good their CVs are. The fact remains that NLUs are still the best bet for quality legal education we have so far. They need to improved for sure, there's no doubt about that, but there's hardly an alternative for majority of the population.
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24
Like +8 Object -0 Kalia 04 Oct 17, 19:18  interesting
Arre bhai koi Gauss toh do. Who are these 'deserving' wannabe partners that didn't make it? Koi job opening ban rahi Hain kya
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25
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Like +0 Object -0 Guest 05 Oct 17, 07:07
Kian you cannot say Gurugram, Kolkata and Mumbai but not say Bengaluru.
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25.1
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Like +0 Object -0 kianganz 05 Oct 17, 11:13
But I don't say Gurugram... ;) I admit our house style is a little inconsistent on this front but we're traditionalists for the most part (plus there are some technology reasons for sticking with Gurgaon and Bangalore for now :)
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26
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Like +1 Object -0 Redditi 08 Oct 17, 12:03
Gau mata in next year. Next year comes every year.
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Like +0 Object -0 Bored 17 Oct 17, 14:09
Strange lot of promotions. Some non entities promoted, and many of the so called rising Stars left behind.
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