Niloufer Lam to leave CAMNiloufer Lam to leave CAM

Cyril Amarchand Mangaldas Mumbai banking partner Niloufer Lam has resigned the firm, as first reported by Bar & Bench.

Lam had joined in 2010 from Bank of America Trustees, where she was a consultant director. She had also worked at KBC Bank, Morgan Stanley and, from 1996 to 2006, at Linklaters.

She is dual qualified in India and England. “We wish her the very best,” commented Cyril Amarchand managing partner Cyril Shroff when contacted, saying that the departure was amicable.

When asked about whether this would affect the firm’s banking vertical, Shroff added that it would not affect business, as there were “many partners in this practice”.

We have reached out to Lam for comment but could not get through by the time of publication.

Update 19:17: We have spoken to Lam, who confirmed her leaving.

Lam’s team in Mumbai had seen a number of mid-level departures over last year, including principal associate Soummo Biswas, and associates Malvika Kanade and Manju Sagar had joined Shardul Amarchand Mangaldas Mumbai banking partner Sapan Gupta’s team around a year ago, and associate Ayushi Anand, who had joined Khaitan & Co as a senior associate in mid-2016.

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1
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Like +3 Object -1 haha 11 Apr 17, 19:44
Many partners??? Haha.. [...]
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2
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Like +3 Object -0 Gabbbar 11 Apr 17, 19:49
Cam partner number 30 to leave? Heard an [...] lit heavyweight going to SAM.
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2.1
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Like +3 Object -0 Bike 11 Apr 17, 21:29
Cam has any heavy weight litigation partner?
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2.1.1
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Like +2 Object -0 kianganz 11 Apr 17, 21:30
The comment wasn't about CAM but another firm, but we moderated the name as it's speculation at this point...
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2.1.1.1
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Like +0 Object -0 Gabbbar 11 Apr 17, 22:47
Excessive censorship? No name of the partner and the firm has more than one lit partner. Surely [...] cant get extreme protection!
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2.1.1.1...
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Like +1 Object -0 kianganz 12 Apr 17, 10:54
Don't think they have that many heavyweights. This comment is a bit too specific so as not to start an internal witch-hunt within firms, so we stay clear of comments such as those...
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2.1.2
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Like +4 Object -14 Jay N 12 Apr 17, 01:58
Doesn't rishabh focus on lit now?? Seen him in high court often, argues very well
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2.2
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Like +0 Object -5 Migambo 12 Apr 17, 02:00
Don't create false stories please. It was reported by B&B on this, its less than 30 since last year. This was for non CAM reasons. Departure is with Firm's best wishes, mr shroff's quoute is proof
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2.3
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Like +0 Object -0 For Kian 12 Apr 17, 10:49
Any truth in this news, Kian?
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2.3.3
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Like +0 Object -0 kianganz 12 Apr 17, 10:55
In the 30 partners having left news, or in the rumour that a lit heavyweight may be leaving from another firm?

Former, I think it's fewer than that, but would have to check.

Latter, not sure yet - will also make some inquiries.
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3
Like +11 Object -1 Who is left other than 11 Apr 17, 20:43  interesting
Who is left at CAM other than Cyril, Yash and Vishwanathan.
[...]
Yash dude... time to smell the coffee and take the lifeboat across the bay to Express Towers
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3.1
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Like +1 Object -17 Insider 12 Apr 17, 01:55
Stop spreading rumors...Yash is never gonna leave cyril, is the new blue eyed boy. In the inner CAM circle since last year. Has single handedly built cyril's IPO practice... is loved by clients and his team.
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3.1.1
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Like +1 Object -1 Great 12 Apr 17, 08:45
Yash will never leave CAM for sure. He is happy in what he is doing. He is away from all this negativism and takes the present circumstances in his strides.

But if CSS or VCS doesn't give him enough respect which he deserve, he will leave.
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3.1.1.1
Like +7 Object -1 Scooter- 12 Apr 17, 12:56  interesting
"Yash will never leave CAM for sure"

"But if CSS or VCS doesn't give him enough respect which he deserve, he will leave".

Consisten thoughts much?
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3.1.2
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Like +1 Object -1 Kco 12 Apr 17, 11:37
Not his team.
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3.2
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Like +1 Object -6 20 12 Apr 17, 02:05
Kian ..comments should be censored. Cam just made 20 partners. With 100 partners 1 leaving will make no difference. Looks like this is a part of recalibrating firm's strategy to focus on emerging talent. Rishab was anyways doing DCM and start up ECM for a while now,..ties into firm's next gen approach.
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4
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Like +2 Object -2 Marty Lipton 11 Apr 17, 22:30
Who is the new DCM partner at CAM? Does Pranav do DCM?
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4.1
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Like +1 Object -2 Great 12 Apr 17, 00:48
No. He doesn't.
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4.2
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Like +2 Object -6 ECM 12 Apr 17, 01:51
Pranav has been increasingly focussing on real estate and conveyancing. Is one of the better known in this space. DCM is now handled by Rishab directly, given its increasing importance. All the best Niloufer, was one of the better known CAM partners in the market.
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4.2.1
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Like +2 Object -2 Marty Lipton 12 Apr 17, 07:57
Beo Pranav is a B&F partner. Why would he do real estate.
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5
Like +10 Object -0 Wow 12 Apr 17, 00:28  interesting
"We have many partners"... everything you need to know about why people are leaving. If this is how much you respect your partners, why would they stay?
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5.1
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Like +5 Object -11 Sanity check 12 Apr 17, 02:08  controversial
Partners leaving is part and parcel of big law life now. Why does it make so much news in India?? Foreign law takes it in its stride. CAM is an institution ...will go on till Rishabh and Cyril in control, makes hardly any difference
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5.2
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Like +2 Object -1 client 12 Apr 17, 02:10
Sorry but what is wrong with this statement??
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5.2.1
Like +6 Object -0 Wow 13 Apr 17, 22:02  interesting
That you can't tell what's wrong with the language is symptomatic of the problem.

Yes, partner exits are common. What's clearly not common is any respect for the contribution a partner has made to your practice. The mentality is that of a lala ji dealing with employees (one goes, two more can replace). A partner, by definition, is supposed to be part owner of your business. Even if you have many partners, each is supposed to be valuable. The least you can do is have a public statement that reflects that. And maybe be nice about her contribution to growing/grooming those "many partners?"

For example "we thank her for the wonderful work we have done together for the past X years. She's moving on (to XYZ) and we wish her luck in he future endeavours. She's helped build a strong team in the practice area at CAM, including A, B and C partners (this also proves you actually know their names!) and we feel confident that the practice will continue to grow from strength to strength"

This isn't a complicated exercise
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5.2.1.1
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Like +0 Object -0 Tractor 21 Apr 17, 15:03
"And maybe be nice about her contribution to growing/grooming those "many partners?"

"he's helped build a strong team in the practice area at CAM, including A, B and C partners (this also proves you actually know their names!) and we feel confident that the practice will continue to grow from strength to strength"

Dear Wow,

You clearly did not read the last paragraph of the report.
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5.3
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Like +1 Object -0 Wwow 12 Apr 17, 02:20
What has respect got to do with partners leaving?!! If business generation becomz difficult why shoukdnt move on?
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6
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Like +0 Object -8 Shinkasen 12 Apr 17, 02:17
No good comes of reporting departure stories kian. Unless you report all joining stories also. Cam just recruited 15 from all law schools..even if 2 stick around after 3 years it will give star senior associstes to CAM and future partners

Departures are often personal moves nothing to do with the place leaving
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6.1
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Like +3 Object -0 NLS 12 Apr 17, 09:58
HAHAHAHA. Star SAs from law schools? That's a little presumptuous.
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6.1.1
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Like +0 Object -0 Kalti 25 Apr 17, 10:31
east or west, star associates from NLS are the best.
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7
Like +10 Object -3 Cammie 12 Apr 17, 02:22  interesting
Cam's strength is is the number of comments its stories generate..shows its doninance, without abuse!
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8
Like +17 Object -0 Why hyper-bolo? 12 Apr 17, 09:32  interesting  top rated
Is there any reason why the word "amicably" was mentioned in the headline? It sort of pre-supposes that every partner exit is otherwise acrimonious. Is that the case generally?
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8.1
Like +19 Object -1 Friend1 12 Apr 17, 10:56  interesting  top rated
In CAM's case it's mostly acrimonious
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9
Like +23 Object -2 Too much ho gaya 12 Apr 17, 20:39  interesting  top rated
The internal propaganda machine from this firm beggars belief. Poor Rishabh must be so tired these days. He is handling the litigation, DCM, corporate and PCP practices of a 100 partner firm! The art of successful propaganda is that it should at least be believable.
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10
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Like +2 Object -0 HR 15 Apr 17, 21:07
They were looking at recruiting people for her team till about last month
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11
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Like +0 Object -1 Scooter- 18 Apr 17, 14:17
Adani has never defaulted in its loan payments.
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11.1
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Like +2 Object -0 kianganz 18 Apr 17, 14:22
Yes, and Adani creates many jobs in everywhere it touches.
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