hemant sahai associates

  • 17 June 2011

    Hemant Sahai Mumbai partner Utsa Shome joins Argus with deals focus

    imageimage Exclusive: HSA Advocates Mumbai partner and office head Utsa Shome, who had joined the firm in 2009 from AZB & Partners, will head up Kolkata firm Argus Partners’ new Mumbai office.

  • 01 June 2011

    Hemant Sahai grows to 11 partners with two indirect tax laterals

    HSA Advocates has hired Abhishek Dutta and Nand Kishore as partners from BMR Advisors to start an indirect tax practice, according to the firm.

  • 14 April 2011

    Hemant Sahai hires Herbies lawyer, advocate as partners and rebrands

    imageimage Exclusive: Hemant Sahai Associates has rebranded itself to HSA Advocates and hired two later partners, including one Herbert Smith senior associate and senior Delhi litigator Meenakshi Arora, taking the firm up to 10 partners.

  • 28 January 2011

    Hemant Sahai in Dell Foundation $1m pensions micro finance grant

    Hemant Sahai Associates (HSA) acted as sole legal advisor on a micro finance investment by the Michael & Susan Dell Foundation in Delhi-based organisation Invest India Micro Pension Services Private Limited (IIMPS) raising roughly $1m for retirement pension plans and other savings.

  • 14 December 2009

    Hemant Sahai, Paras Kuhad kill short-lived union, demerge (UPDATE-1)

    chain-broken-cut_cropchain-broken-cut_cropHemant Sahai Associates and Paras Kuhad & Associates have split only two months after announcing the ill-fated merger of their practices to create PHA Advocates.
    chain-broken-cut_cropchain-broken-cut_cropHemant Sahai Associates and Paras Kuhad & Associates (PKA) have demerged only two months after announcing the ill-fated merger of their practices to create PHA Advocates.

    The decision to part ways was announced by the management to the partnership yesterday (14 December) and will take effect retrospectively from 1 December, according to authoritative sources.

    PKA managing partner Paras Kuhad sent a mobile phone text message to all lawyers in his firm, stating: "Having taken the feedback from all of you and for the reasons that we discussed - and with a view to preserve the culture- that we in PKA have always lived by, I decided to bite the bullet and dissolved PHA effective 1 st dec with every Partners [sic] concurrence."

    "We are back as PKA," added the text message. "Heads of offices are requested to forward the message to everyone in their offices."

    However, it is understood that the full reasoning behind the demerger is not yet known to the PHA Advocates' partnership.

    The mechanics of how the firm of 10 partners and 115 lawyers will be divided has also not yet been announced.

    Hemant Sahai's team of around five in Mumbai had moved into Paras Kuhad's larger office and Paras Kuhad's smaller Delhi team temporarily moved into Hemant Sahai's office of 25, while the firms were seeking new premises.

    Meanwhile, two partners had also joined the firm since the merger took effect on 1 October. An AZB & Partners senior associate had joined PHA Advocates as a Mumbai corporate partner in November and a Mulla & Mulla senior associate had joined the firm as a Mumbai litigation partner.

    Hemant Sahai's primary strength lies in corporate with Paras Kuhad being particularly well-known for its litigation practice.

    It is understood that the original merger was in part prompted by the resignation of the two Paras Kuhad Mumbai founders, with partner Manish Desai quitting almost two months before the merger announcement on 29 September and partner Sowjanya Menon handing in her notice a day later on 30 September.

    Desai and Menon have since started up a new Mumbai firm called Vidhii Partners with a number of former Paras Kuhad associates.

    The original merger between the firms had followed a difficult year, in which Hemant Sahai lost its Mumbai office head Saurabh Awasthi and Delhi regulatory and litigation partner Sitesh Mukherjee, who joined Trilegal with a team of four. Paras Kuhad had lost its Kolkata office head Niloy Pyne, who started up his own firm.

    Pre-merger Hemant Sahai had offices in Delhi and Mumbai.

    Paras Kuhad independently had offices in Delhi, Mumbai, Jaipur, Chennai and Kolkata, as well as offices in Jodhpur and Pune, according to the firm's website.

    In a formal statement the firms issued after the merger, the Jodhpur and Pune offices were not mentioned.

    Respective managing partners Hemant Sahai and Paras Kuhad were unavailable for comment at the time of publication.

    Updated at 16:52 IST, 14 December with telephone text message by Paras Kuhad.
  • 22 October 2009

    Hemant Sahai bulks up merged corporate strength with new partner

    Mumbai_gateway-lgMumbai_gateway-lgHemant Sahai Associates has recruited an AZB senior associate as a partner in Mumbai, after recently merging with Paras Kuhad & Associates to create a national firm called PHA Advocates.
    Mumbai_gateway-lgMumbai_gateway-lgHemant Sahai Associates has recruited an AZB senior associate as a partner in Mumbai, after recently merging with Paras Kuhad & Associates to create a national firm called PHA Advocates.

    AZB & Partners senior associate Utsa Shome is set to join PHA in November to strengthen the corporate practice of the newly merged firm, which had been depleted by several recent departures there.

    Shome said: "I am going to basically develop the corporate side and develop the role. The office is primarily litigation driven but also had lot of corporate work , but needs people with that experience to help and move much more into that area than what is existing."

    Shome had been with AZB for four-and-a-half years, having been at Luthra and Luthra and Dua Associates before that.

    AZB co-founding partner Zia Mody said: "We enjoyed having Utsa with us and we wish him all the best in his career ahead."

    PHA Advocates is the result of the 1 October merger between the law firms of Hemant Sahai and Paras Kuhad, creating a national firm of 115 lawyers in five offices.

    The merger was understood to have been in part prompted by the resignation two of Paras Kuhad's Mumbai partners who will now start up a new Mumbai firm called Vidhii Partners with several former Paras Kuhad associates.

    Hemant Sahai had lost a number of high profile partners in the past year, including its Mumbai office head and corporate partner Saurabh Awasthi, and Delhi-based regulatory and projects litigator Sitesh Mukherjee who joined Trilegal with a team of four.

    The departures reduced the headcount of Hemant Sahai considerably, bringing it down to around five lawyers in Mumbai who will move into the same office as Paras Kuhad.

    However, it is understood that the recruitment of AZB's Shome preceded the now successful merger talks between the firms.

    Hemant Sahai Associate's legacy Mumbai practice is hoped to expand up to a size of around 15 lawyers in future, PHA's managing partner Hemant Sahai told Legally India at the time of the merger.
  • 13 October 2009

    Paras Kuhad lawyers start new firm after Hemant Sahai merger fallout

    Mumbai_gateway-lgMumbai_gateway-lgParas Kuhad & Associates' ex-Mumbai head has started a new firm under the banner Vidhii Partners, along with one partner and three associates from the firm which merged with Hemant Sahai earlier this month.
    Mumbai_gateway-lgMumbai_gateway-lgParas Kuhad & Associates' ex-Mumbai head has started a new firm under the banner Vidhii Partners, along with one partner and three associates from the firm which merged with Hemant Sahai earlier this month.

    As reported on Legally India last week, Paras Kuhad's Mumbai office founding partner Manish Desai had resigned one-and-a-half months before the firm merged with Hemant Sahai Associates on 1 October.

    He is joined at Vidhii Partners by former Paras Kuhad associate partner Sowjanya Menon and litigation senior associates Dhiren Sinha and Sudeshna Guha Roy and associate Thomas Karimpanal.

    Litigation and banking partner Menon resigned from the firm one day after the merger to create PHA Advocates was announced internally. With Desai, she was one of two other lawyers who started Paras Kuhad's Mumbai office in 2002, growing it to a size of 40.

    Desai said that Vidhii Partners would focus on litigation and banking work and would operate a profit sharing model across the firm. "The whole idea is to give a share of the growth and profit to everybody. Not just limited to the partners but will be across the board."

    He stated that the he would not solicit any Paras Kuhad clients but added: "If [clients] do approach us, definitely, it is a competitive world."

    He added that the firm was currently operating out of temporary premises in Fort but that the firm had leased an office near Dadar, which is close to Worli and would be operational within 45 days after renovations.

    The word vidhii, said Desai, meant law and destiny in Hindi. "I wanted two things - I wanted an Indian name and I wanted a neutral name so I decided to have a departure from the normal."

    Paras Kuhad & Associates and Hemant Desai Associates were unavailable for comment.
  • 07 October 2009

    Senior partner quit prompted Paras Kuhad, Hemant Sahai shotgun wedding

    broken-chainbroken-chainThe two co-founders of Paras Kuhad & Associates's Mumbai have quit as one is to start a new law firm and the remaining office continues working on last week's merger with Hemant Sahai Associates.
    broken-chainbroken-chainThe two co-founders of Paras Kuhad & Associates's Mumbai have quit as one is to start a new law firm and the remaining office continues working on last week's merger with Hemant Sahai Associates.

    Paras Kuhad litigation and banking associate partner Sowjanya Menon resigned from the firm on 30 September, only one day after the merger to create PHA Advocates was internally announced.

    Her resignation follows the firm's Mumbai senior partner Manish Desai handing in his notice one-and-a-half months ago.

    It is understood that Desai's resignation provided the impetus to formally restart merger negotiations between the two firms' managing partners Paras Kuhad and Hemant Sahai.

    The firms had first entered into unsuccessful merger discussions roughly one year ago and had resumed their talks one month ago, Sahai confirmed to Legally India last week.

    Desai is understood to be looking to start up his law firm in Mumbai soon. Sources have told Legally India that several associates are also expected to resign from the firm.

    Both partners are still working at the firm, with Desai understood to have worked out his notice although he is still handing over matters and clients prior to his departure.

    Menon is still on a notice period of around two months but a source told Legally India that she has not yet made any firm plans on her next move.

    In 2002 Desai and Menon jointly started up Paras Kuhad's Mumbai office outside the firm's traditional powerbase of Jaipur.

    They had grown the office to around 40 lawyers since then.

    Desai and Menon declined to comment.

    The merger between Paras Kuhad and Hemant Sahai's law firms went into effect on 1 October but after a year of high-profile departures at both firms, the merged PHA Advocates will be of a considerably smaller size than both were a year ago.

    The firms' merger will bolster Hemant Sahai's depleted Mumbai strength by moving into Paras Kuhad's office, and will increase Paras Kuhad's Delhi offering in size considerably.

    Sahai and Kuhad also declined to comment.
  • 02 October 2009

    Hemant Sahai and Paras Kuhad merge

    knots_thumbknots_thumbHemant Sahai Associates and Paras Kuhad & Associates have merged to create a firm of over 100 lawyers and streamlined office locations, following significant headcount reductions.

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