Three Cyril Amarchand Mangaldas (CAM) Delhi partners will be leaving the firm, according to multiple authoritative sources.
Raghuram Raju was hired from Dua Associates as a corporate heavyweight around when CAM set up in Delhi.
He is understood to have first raised his exit in April but only resigned on 1 September after finishing an ongoing transaction. At the time of publication we could not confirm where he will head.
We also reliably understand that partner Harry Chawla and his wife and CAM partner Niti Paul are also leaving the firm. They had joined Cyril Amarchand from Kochhar & Co after having formerly been at Shardul Shroff’s Amarchand Mangaldas Delhi office.
We have reached out to all three for comment up to a week ago on various channels but have not heard back from them.
All three were hired in April 2015, when Cyril Amarchand was ramping up its headcounts in Delhi rapidly following its impending break-up with what is now Shardul Amarchand Mangaldas.
We have also reached out for comment to Cyril Amarchand managing partner Cyril Shroff and Delhi managing partner Percy Billimoria.
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CAM baba ki Jai ho
I just pray Cyril ji is able to get back his house in order..
Maybe, Bollywood should consider doing a movie on this subject! First the public feud between the brothers & then the mass partner exits.
You have to give it time, one can't really keep on hopping from one assignment to another.
Many folks are doing their bit and putting a solid fight and effective dent in Delhi market. Part of an expected n imminent turnaround !
Css and Vcs should be seriously concerned about the autocrat who had taken over their delhi office.
Everybody knows and acknowledge, the office head believes in teamwork, participation and putting the principles into practice. Focus on your own office and sliding fortunes. Hire people for working and not for writing comments. Autocrats talking of autocracy, euh!
Teamwork my arse
Of course, you don't stand a chance. Keep it warm!
Seems like they are doing U turns on promises made.
Without getting into a discussion on the competence of the departing individuals - i think its reasonable to say that their departure will not materially affect the volume of work being referred to CAM.
There is still good talent (especially in the associate and young partner pool at CAM). The exits will result in more work for the people who stay back (making the firm more profitable). Does that make sense ?
There is always a strong case of culture mismatch in case of a few hires when you set up at a big level. And this is not the first time an ethics based call is taken at the firm level or say from the perspective of the individual. Ultimately standards of conduct and ethics practiced determines the action.
Btw, no other industry suffers from so much of legacy bitterness. Better, you focus on your own new offices. Doing wonders with undercutting to make a breakthrough in that objective and mature market ?
Raghuram Raju did not join from Dua. He was at Dua way back in the 90's, and had moved to GE Captial/Genpact thereafter... Please correct.
When these people leave CAM, you say CAM is falling apart because these people are leaving.
Slow clap
Hope the young lawyers will rise up to the occasion and ensure that they will not be missed.
But in this article we have almost EVERY negative comment being refuted by a positive one. Sometimes even two.
That makes me think. Are all the pro comments from vcs and their PR department? Have they realised to win the war, they must first stem the tide that originates, usually, from LI articles on CAM exits?
Pallavi Saluja is in a hurry to steal the thunder. I am not sure about the facts of this particular case but reporting of rumors by B&B should not be encouraged.
What news is this then ?
Get it?
barandbench.com/cyril-amarchand-chennais-sole-partner-dorothy-thomas-set-leave/
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