Shardul Amarchand Mangaldas is set to absorb all BMR Legal partners in Gurgaon, Mumbai and Bangalore but one - founding partner Mukesh Butani.
Butani, a dual-qualified lawyer and accountant, had also founded BMR Legal’s best friend consultancy firm BMR Advisors.
The Shardul Amarchand hires are understood to pretty much include all senior lateral hires and talent acquired by BMR over the years, with between one and two partners each in Gurgaon, Mumbai and Bangalore.
That includes BMR Legal’s very first pureplay M&A partner, Amit Khansaheb, who had joined from Desai & Diwanji in Gurgaon in 2013.
Khansaheb had last year acted for Jabong on its Flipkart buy-out, on the CarDekho fundraising for Times Internet, the Minda Rs 150 cr buy Rinder.
Significantly, two partners in Bangalore, hired in 2014 from Themis Associates - Roshan Thomas and Siddharth Nair - will also be joining. Thomas works in general M&A, while Nair specialises in venture capital work, having last year, for instance, acted for Faasos on its $30m fundraising round.
That will give Shardul Amarchand a strong foothold in Bangalore, where, having opened one year ago, it still has a much smaller presence than competing large national law firms.
And in Mumbai, capital markets partner Kaushik Mukherjee, who had joined from J Sagar Associates (JSA) in late 2015 will also be joining Shardul Amarchand, giving the firm some much-needed capital markets presence in the city.
Butani did not respond to calls and emails for comment since yesterday.
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The use of despite here is far too radical for an office that was established less than a year ago. I regard LI highly but this article unnecessarily uses the term "despite". I hope you reconsider the lanaguage.
You could have instead focussed on how the firm has grown over the last few months. Your sentence would have made sense if the office was established five years ago and still had just a handful of lawywers.
In part though, I was thrown off by the speed of growth of CAM in Delhi, for instance, where it's 100+ lawyers now after 2ish years.
But yes, in this context it reads strangely. Will duly edit tomorrow
They have the opened one of the leading practices in Mumbai giving the likes of AZB and CAM a run for their money with star hires like Shuva Mandal and Akshay C, they have opened a Chennai office again with tier 1 lawyers such as the ex Cognizanf GC and the whole of the CAM Chennai team, their Bangalore office now has the bench strength required, they have managed to be the exclusive Lex Mundi firm for India, they have effectively retained the Slaughter and may best friend arrangement, they have not lost any big stars unlike virtually everyone who they compete with.
Most importantly unlike any other Indian firm, they are one firm across geographies.
They are the true successors of Amarchand Mangaldas, only better!
More power to you!
CAM unfortunately seems to be withering away. And it's really sad. Who would have ever predicted this. what are the reasons for CAM's failure? Especially to retain talent and make in roads into Delhi? Why was CAM unable to hire star lawyers in Delhi other than Percy who is set to leave for counsel practice? Why want CAM able to pull of valuable acquisition like this one of BMR legal?
Kian, a good analysis of SAM and CAM is necessary.
Regards,
Law firm partner
Disputes - Tata, Nestle
M&A - Warburg Piramal
Essar Capital Square
Brookfield Gammon
Warburg PVR
Brookfield Reliance Towers
Ok that should be enough- now go stand in the corner
Number 1 in PE in India
Number 1 by Chambers and Partners.
Seriously be quiet and sit in that corner!!
I am sure CAM will top the league tables. Cyril's name on the letter head is enough. Cyril is India's leading corporate lawyer and his brother is not.
Kian: does advising employees give Cam deal credit? Any employee can hire a lawyer who will then claim the deal was his! Who is representing Snapdeal on the merger and Bansals on their stake?
CAM will be advising Snaspdeal even in the merger.
Worried about people all around including stars performing above expectations in Delhi, but any rains for you in Mumbai ???
Way too excited gobbling a fledgling outfit, certainly more power to you, desperately needed !
Please to be taking other tier 3 also. We will stand in corners as much as needed to.
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