HSA’s Sakya Chaudhuri and team set up own regulatory shopHSA’s Sakya Chaudhuri and team set up own regulatory shop

HSA Advocates regulatory practice partner Sakya Chaudhuri has left the firm with his team including partner Avijeet Lala and recently promoted associate partner Anand Shrivastava, to start up their own venture.

The exact number of lawyers joining is not yet finalised.

Chaudhuri, who was of counsel at Trilegal before joining HSA in 2014, declined to comment.

Several independent sources have confirmed the news since yesterday.

His new venture Niti Niyaman, which will deal with regulatory work among other things, is understood to become operational from tomorrow.

HSA managing partner Amitabh Sharma commented: “He is starting on his own - we wish him godspeed and all the best.”

The regulatory practice at HSA will continue to be led by founding partner Hemant Sahai, alongside three partners in Delhi and one in Mumbai.

According to HSA website profile of Chaudhuri:

Sakya’s focus areas of practice cover Regulatory, Arbitration, and Competition Law. Over the last two decades, Sakya has dealt with litigation matters related to civil, commercial, constitutional, labor, revenue and company matters and has extensive exposure in arbitrations. He has advised and represents various industry forums and regulators such as the Forum of Indian Regulators, the Central Electricity Regulatory Commission and various State Electricity Regulatory Commissions on important legal and regulatory issues. He has advised clients on competition law issues in merger filings, investigations relating to cartels and anti-competitive conduct. Sakya regularly advises and counsels some leading clients such as Tata Power, Mumbai International Airport, British Gas, Bosch & Lomb among many others. Sakya is also an “Advocate-on-record” with the Supreme Court of India. He is also a visiting faculty at TERI University for their LLM programme on Infrastructure Law.

Previously, Sakya has worked closely with the antitrust team of a renowned international leading law firm on issues including merger control, cartel investigation, abuse of dominance, anti-competitive agreements and antitrust advisory to clients.

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1
Like +10 Object -0 Godspeed 09 Apr 17, 15:05  interesting
wishing Sakya and Avijeet all the best for their new venture.

the decision came in two years too late :)
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1.1
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Like +2 Object -0 Hi 21 Apr 17, 18:12
You will rock Sakya Da.. you motivate and guide so many ..
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2
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Like +5 Object -2 Jai 1225 09 Apr 17, 15:31
Anand was promoted to associate partner by HSA
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2.1
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Like +4 Object -1 Jagdeesh 2336 09 Apr 17, 18:27
Thanks for the 'news'. Do you also intend on making a point?
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2.2
Like +4 Object -0 kamissan 12 Apr 17, 14:02
intern partner
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3
Like +10 Object -0 Guest 09 Apr 17, 17:21  interesting
All the best and success Sakh
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3.1
Like +7 Object -0 Wov 12 Apr 17, 17:54  interesting
With his entire team of 15 people...not bad
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4
Like +9 Object -1 Lol 09 Apr 17, 17:38  interesting
Inevitable
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5
Like +19 Object -3 Guest 09 Apr 17, 17:43  interesting  top rated
The writing is on the wall. 6 partner exits with their teams in a little over a year. Something sure smells rotten at 81/1 Adchini.
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5.1
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Like +7 Object -18 Byebye 09 Apr 17, 19:17  controversial
Everyone knows HS is not someone you can push into a corner. You want to leave, he's not going to stop you. He's going to eat you up.
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5.1.1
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Like +1 Object -0 Sherlock jr 09 Apr 17, 21:55
Please enlighten us?
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Like +2 Object -9 Amazed 09 Apr 17, 22:08
Introspection is important but why introspect when you can adopt the ostrich, head, sand approach. Additionally, what is a firm to do? After all, they are advised by some pretty experienced external advisors i.e. [...]. They have some of the smartest partners in the industry. They pay more than most firms in India at the senior level, well at least in theory they do. Not much more a firm can do.
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5.1.2.1
Like +6 Object -0 Wov 12 Apr 17, 17:58  interesting
True .. only in theory
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5.1.3
Like +8 Object -0 Somebody 09 Apr 17, 22:56  interesting
Well let's see who is getting eaten in this case.
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5.1.3.2
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Like +7 Object -9 Byebye 10 Apr 17, 14:18  controversial
Let us then. All due credits to Sakya, but you can't possibly compare a Hemant Sahai to a Sakya Chaudhuri. HS is another level and a brand in himself. Though they're a part of the same sector/practice, eventually when a client wants HS's expertise, he's not going to be able to get that from anyone else but HS.
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5.1.3.2...
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Like +3 Object -0 Hi 21 Apr 17, 18:16
All due regards to HS but one needs to be consistent ..
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Like +3 Object -0 Hi 21 Apr 17, 18:02
Does this bye bye show worry fear and insecurity? This team has stuck through Trilegal times .. shows good strength and brought good times for HSA. Sad you could not hold them..
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Like +4 Object -9 Champa 10 Apr 17, 11:14
Big deal! Partner exits are way too common these days to spell doomsday for any firm. This is a great place for junior lawyers to learn the ropes and for senior lawyers to expect work-life balance. This place still has my vote.
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5.2.5
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Like +1 Object -0 Hi 21 Apr 17, 18:15
Work life balance is good but are u sure there is a balance here???
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Like +6 Object -3 The Broke Girl 09 Apr 17, 18:48
My sources say someone from fraternity has orchestrated this coup, who is bankrolling the team. Without this 'gentle giant', the trio would not have stuck their necks out.
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6.1
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Like +1 Object -0 Huge Book 10 Apr 17, 14:24
Who? tell tell
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6.2
Like +4 Object -0 JaSmehAr 14 Apr 17, 11:29
Arvind Kejriwal?
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Like +2 Object -0 Kala Chashma 09 Apr 17, 22:32
Bausch and Lomb, not Bosch please.
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8
Like +10 Object -1 Rocket Singh 10 Apr 17, 02:11  interesting
How come this happened all of a sudden? Didn't the management have an inkling? Isn't Hemant Sahai and Amitabh able to keep the herd together. I had heard that this team had generated the maximum revenue. Wonder what will HSA do with its regulatory practice now? Time for introspection.
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8.1
Like +6 Object -1 Tutuk 10 Apr 17, 14:32  interesting
well said, Rocket Singh. Lala and Sakura are a force to reckon with in the regulatory spare. Watch out for this space for more news on NN and on HSA's demolition. Good luck guys
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8.1.1
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Like +2 Object -0 Mima 21 Apr 17, 18:25
NN is sure to pave it's way!
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8.2
Like +4 Object -0 CHACHA 10 Apr 17, 14:34
Why aren't you publishing my comments Kian? Is it because HSA is more important to you than NN?
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8.3
Like +8 Object -0 Wov 12 Apr 17, 18:03  interesting
And that too with entire team of 15 people...
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9
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Like +3 Object -0 Ameer Chand & Munna La 10 Apr 17, 11:38
This 'eat what you kill' model, for its self-defeating shortcomings and inefficiencies, is not at all sustainable for unified law firms from an overall branding and quality perspective. You cannot treat your firm as a business centre with added brand licensing! Rest in next episode!
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9.1
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Like +1 Object -0 Wov 12 Apr 17, 17:59
Waiting for your next episode..
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10
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Like +3 Object -0 Lala Fan 10 Apr 17, 13:13
All the best Lala Bhaiyya. You will succeed here as well. My best wishes are with you.
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10.1
Like +8 Object -0 CHACHA 10 Apr 17, 14:37  interesting
I am a big fan of Sakya and Abhijee for their professionalism and work quality and ethics. Time for the rest at HSA to ponder and not gain mass simply for the heck of it.
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10.1.1
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Like +3 Object -0 Wov 12 Apr 17, 18:25
True!!
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11
Like +10 Object -0 simplySherlock 10 Apr 17, 14:24  interesting
so what's the story with Amitabh? ever since he was 'handed' over the managing partner reins, there have been a string of partner exits, starting with Ranjit, Atulya, Sakya, Avijeet and Anand. doesn't speak well of the firms management when so many revenue generating partners leave and the dead weight partners (and I believe this firms has quite a few) stay behind.

Kian - any idea of new clients/ mandates that Amitabh has brought into the firm? Don't read about him in the deal news at all.
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11.1
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Like +0 Object -0 Baniya 10 Apr 17, 15:14
Atulya from Apollo Tyres? He just joined some months back if I am not mistaken!
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11.1.1
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Like +3 Object -0 Guest 10 Apr 17, 16:40
my fly on the wall tells me he's left too. kian - can you confirm Atulya's departure?
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11.1.1.1
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Like +0 Object -0 kianganz 10 Apr 17, 17:27
Yes, that's basically right, he's an independent counsel or so now, I believe. Am still trying to confirm exact details though...
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12
Like +16 Object -1 Magic Tomato 10 Apr 17, 15:04  interesting  top rated
Given the number of start ups out of HSA, does it now qualify as an incubator?
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13
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Like +3 Object -0 Tintin 10 Apr 17, 15:24
Wonderful news!!! Way to go Avijeet. Extremely competent people!!!
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13.1
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Like +0 Object -0 Steel steel 12 Apr 17, 07:41
Bhai tin tin...Good joke.
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14
Like +6 Object -0 Vishnu Bhagwan 11 Apr 17, 10:53  interesting
Hahaha....I just heard UJ is joining Sakya and Laila to make it the best infra regulatory practice Amit Kapoor and HS have ever seen....!!!
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14.1
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Like +3 Object -0 Curious 1 11 Apr 17, 15:11
Who is UJ ???
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15
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Like +0 Object -0 Shankar Bhagwan 11 Apr 17, 23:11
Interesting.
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16
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Like +0 Object -0 Daler Chaudhary 12 Apr 17, 07:40
We r looking out for partners from tri, SAmmy, Cammy, JS. No KC plz.

Apply to - aivein Mach gi Duhai ho gi la la la la la@ nn.com.
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17
Like +10 Object -0 Papa kehte hai 15 Apr 17, 23:44  interesting
Suna entire team has left including secretaries.???? Is this correct??? HSA claims that the regulatory team is intact. Sahi Khabar kya hai?
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17.1
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Like +0 Object -0 Update 11 May 17, 14:21
Yes.
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17.1.1
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Like +0 Object -0 Seeking answer 13 May 17, 23:34
Yes that entire team left or to the fact that regulatory team is intact?
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17.1.1.1
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Like +1 Object -0 Reply 26 May 17, 14:29
There are many exits after this one, both at Partner and Associate level. Kian why aren't you updating this?
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Like +3 Object -0 DELHI IS FALLING 13 May 17, 23:38
Forcing people to quit or work as part of regulatory team, that's how HSA is building it's practice. From cross selling of practices to cross working of attorneys. Great opportunity for young ones.
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