Trilegal has hired a capital markets partner from its best friend Allen & Overy (A&O), to join the firm's Mumbai office and strengthen the referral relationship.
Srinivas Parthasarathy (pictured) has resigned from A&O's partnership in Singapore and will head up Trilegal's capital markets practice in India as a lockstep equity partner.
In a joint press release from the firms, A&O's India group chairman Jonathan Brayne said: "This is a very positive move for the A&O/Trilegal relationship…
"Partha has been a key member of our India Group and his move will substantially enhance the collaboration between Allen & Overy and Trilegal."
Srinivas had joined A&O Singapore in early 2007 from J Sagar Associates. He is qualified in England & Wales and India, having graduated from National Law School of India University (NLSIU) Bangalore in 1995.
In the press statement Srinivas said: "Our vision is to build up a top tier domestic capital markets practice - which will complement A&O's formidable international capital markets practice - over the next two to three years."
Trilegal and A&O have had a "non-exclusive referral arrangement" since January 2008.
Trilegal and A&O were not immediately reachable for comment at the time of going to press.
Subscribe to our newsletter for free to read an in-depth analysis of the move from the comfort of your inbox on Friday.
threads most popular
thread most upvoted
comment newest
first oldest
first
Also noted that TriLegal have a lock-step structure. I thought AMSS have been busy claiming that they are the only ones with a lock-step model?
Good move for Trilegal though, since they needed to expand their capital markets footprint.
@5 - And trilegal has a real lockstep too unlike Amarchand. But didn't get the memo - what did it say?
@7 Anonymous - Trilegal is amongst the first to announce that they follows the lockstep model and there are others who talk on similar lines. I guess the proof of the pudding is in the eating and one will have to wait to see how these models get implemented but these firms deserve full credit for the bold first step.
That being said, I hope that this particular move was not something which A&O forced upon Trilegal. I say this only because Partha’s core area of expertise, at least based on my personal observation, is corporate and not capital markets. So was this a wrong choice – I think only time will have an answer for this question.
On the issue of Indian clientele, one must remember that during the early part of this decade, it was highly unlikely that the big Indian corporate would look at a firm like Trilegal. For small law firms it was only the foreign clientele and dollar billing which propelled growth. Hence Trilegal’s prioritisation till date. Moving forward, do I think the likes of the Reliances will ever leave their strong relationships which has been forged over decades to join the Trilegal success story (by this I mean move the bulk of their work and not one of matters) in the immediate future, I have my own doubt. However, there is no doubt that the rising Indian corporate houses that are outward looking (the likes of Suzlon and GMR), ought to start looking at Trilegal more seriously and I believe will start looking at Trilegal more seriously. It is simple Trilegal will bring the A&O alliance on to the table, which is indeed an attractive proposition.
I believe Trilegal is “the firm” to look out for. Yes they may lack certain areas of expertise, but Trilegal is still in the developing stage and if the management continue to do what they are, I have no doubt that Trilegal will be a formidable player in the market. Trilegal has been a success story and I have always been a fan of this firm despite having never worked for them.
Two of Trilegal's Indian clients are Reliance ADAG and Godrej. There must be others as well
threads most popular
thread most upvoted
comment newest
first oldest
first