Bharucha Singh & Partners has reverted into its pre-April 2019-merger constituents, Bharucha & Partners and Mundkur Law Offices.
The split was finalised around six weeks ago, both sides confirmed and we have now reported (somewhat late in the day).
Bharucha partner Justin Bharucha commented: “We unwound the merger a month and a half back, we remain good friends and our practice continues.”
Bharucha & Partners thereby returns to its name pre-dating the re-brand that had incorporated the names of Delhi-based partner DP Singh and Bangalore-based Mundkur.
Singh remains with
Ramanand Mundkur said: “We unwound the merger over a month and a half ago. Our firm continues its practice as MLP (Mundkur Law Partners).”
Mundkur and his wife and partner Divya Balagopal (respectively 1994/96 NLSIU Bangalore graduates) specialise in corporate finance, M&A and private equity.
The merger had given Bharucha a considerably stronger base in Bangalore.
Part of the merger was also a re-branding of the Bombay solicitors firm to Bharucha Singh Mundkur, though the name of the legal entity had remained Bharucha & Partners.
In March 2019, partner Abhishek Malhotra had left the firm after a merger to go independent as TMT Law Practice again.
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1. Mumbai office: Formed (or Crystallised) by Berjis Desai by merging his practice from Udwadia Udeshi & Berjis
2. Bangalore office: Merged with M&C Partners (Now Vivek Chandy who had founded M&C is serving as the Joint Managing Partner)
3. Chennai: Merged with Vichar Partners.
So it's not about mergers failing in India. Mergers fail primarily in firms which are either family-run; or are so promoter-driven, that there's no scope of ego-adjustment for cultural integration.
Kian - suggestion for you - do an article on tsuccessful mergers and unsuccessful ones, analysing the reasons for success and failure. It would be a really interesting read.
And may be confine the analysis on mergers of roughly equal sized firms
Very sad story of unequal bargaining powers and culture clashes.
A few reasons I could come up with - too old world, family first and knack for losing good people!
Back in 2008, it did stand out but, now, from what I can fathom, it's just one in the crowd! MP was the doyen of the litigation/arbitration world. Alka was (and, maybe still is) one of the best corporate lawyers in the country. Vivek and Justin were a promising second level. Even the 3rd level with the likes of Anuradha, Krish (in Lit) and Dipankar, Jai, Abhira (in Corp) was spectacular. It was a wonderful firm back then! But, somehow, the firm lost its way (and the 3rd level) as well as it's challenger-identity!
Coming to its attempts to merge / grow inorganically - First, Karanjawala. Then, the Delhi experiments. Followed by TMT, Singh. And, now, Mundkur. Just goes on to show how desperate the firm has become to gain a wider footprint and shake-off the family firm tag. Well, from what I (and many have personally experienced), the latter is easier said than done simply because there is no real conviction!
But, I remain a well wisher. Will be the happiest if the firm recovers any of its past glory!
Sad day. Wish Alka the best always.
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