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S&R loses first partner ever: Bhakta Patnaik resigns, may get snapped up by Trilegal

Trilegal may get more capital markets bench strength...
Trilegal may get more capital markets bench strength...

S&R Associates partner Bhakta Patnaik has resigned from the firm on Friday, and is in advanced discussions to join Trilegal, as well as in talks with other firms, Legally India reliably understands from three sources.

Bhakta, a 2002 NLSIU Bangalore graduate, was promoted at S&R to partner in 2012.

He is a corporate and capital markets lawyer who had previously worked with Linklaters in Singapore and erstwhile Amarchand Mangaldas in Delhi.

He is the first partner to ever resign from S&R Associates since the firm was founded in 2005.

It is understood that an offer from Trilegal is on the table for Bhakta, although the Trilegal partnership has not yet held a vote on it.

Trilegal declined to comment.

Update: S&R Associates managing partner Sandip Bhagat confirmed his departure, and commented: "We wish him all the best."

We have reached out to Patnaik for comment.

To be updated.

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