Talwar Thakore Associates

  • 04 July 2016

    TTA, CAM-pre-and-post-Ashwath advise on RIL-SBI payments bank JV

    Talwar Thakore Associates (TTA) has advised Reliance Industries (RIL) on a joint venture agreement to set up a payments bank with State Bank of India (SBI) on 30 June, in which RIL will hold a 70 per cent stake.

  • 12 April 2016

    Day Zeros: Demand from Amarchands divided offsets drop in 2017 recruitments from others [via Mint]

    Graphic via MintGraphic via MintBoth sides of the now divided Amarchand Mangaldas family empire have considerably increased their recruitments for 2017 from top law schools, many top firms have filled up their quota from recruits from top law schools already.

  • 07 April 2016

    NLSIU 2017 Day Zero success: 33 placed as Shroff brothers pick up 17, plus 1 big-money A&O training contract

    NLSIU Bangalore’s 2017-graduating batch placed 33 out of 53 participating recruitment coordination committee (RCC) members, out of a total batch of 81, on 2 April.

  • 30 March 2016

    NUJS' Rituparno Bhattacharya gets promoted to lean Talwar Thakore partnership of 5

    Talwar Thakore & Associates (TT&A) has promoted managing associate Rituparno Bhattacharya to its partnership, with effect from 1 April 2016.

  • 02 December 2015

    First out of FDI gates: TT&A, AZB help AXA ramp up Bharti insurance JV stake by $193m

    Talwar Thakore & Associates (TT&A), advised the AXA Group in the increase of its equity stake from 26 per cent to 49 per cent in its Indian life and general insurance joint ventures with the Bharti group member Bharti AXA Life Insurance Company Limited and Bharti AXA General Insurance Company Limited, which were advised by AZB & Partners in Delhi.

  • 17 August 2015

    AZB-TTA-Dhall, CAM, NDA act on competitive $765m Birla buy of Lafarge units under regulator gun

    Birla Corporation bought the Eastern cement plants of Lafarge for Rs 5000 crore from Lafarge India following the Competition Commission of India (CCI) order for the French company to divest itself of the units after its Rs $44bn merger with Holcim.

  • 29 January 2015

    Ex-TTA exchange-partner Narayan Iyer takes over as Linklaters India head from Sandeep Katwala on ‘wave of optimism’ & ‘renewed client interest’ in India

    Narayan IyerNarayan IyerNarayan Iyer, who had left Linklaters Singapore in 2009 to join the magic circle firm’s best friend Talwar Thakore & Associates, has been appointed as head of the India practice.

  • 24 September 2014

    Deals in brief: Semi-mysterious $2.7bn Cognizant US M&A with NDA | €730m Alstom-Triton | Everything else that’s been happening in corporate deal world

    Deals in briefDeals in briefRead on for the hottest M&As, fundraisings and financings of the fortnight.

  • 25 June 2014

    TTA scoops $1bn R-Com deal with S&R, Jones Day for banks

    Talwar Thakore & Associates (TTA) are advising Anil Ambani’s debt-ridden Reliance Communications (R-Com) in raising up to Rs 6,100 crore ($1bn) by selling shares through Qualified Institutional Placement (QIP) and the sale of warrants.

  • 08 October 2013

    Amarchand tops India Q1-Q3 M&A league table ahead of TTA, AZB, Khaitan

    Dividing the M&A pieDividing the M&A pieAmarchand Mangaldas has reported the most M&A activity among Indian law firms this year, according to data provider mergermarket’s Q1-Q3 rankings.

  • 08 July 2013

    Narayan Iyer leaves TTA partnership, returns to London best friend Linklaters

    IyerIyerTalwar Thakore & Associates partner will re-join Links.

  • 05 February 2013

    Instructions: PepsiCo-Pearl Drinks: HSA-JSA | ITL-Blackstone: AMSS-AZB | Dosch-Sanogi: Khaitan-TTA | Glaxo-BioE: AZB-AMSS | Khaitan for EIMPA & more…

    M&A and financings from the last three weeks starring Amarchand Mangaldas, AZB & Partners, J Sagar Associates (JSA), HSA Advocates, Khaitan & Co, Talwar Thakore & Associates, and Khaitan Sud & Partners.

  • 04 December 2012

    8 Instructions: PVR-LCap-Multiples $47.5m: Amss-AZB-Vaish | DHL-Citi: TTA-Linklaters-Amss-Cleary | Mahindra Satyam-SBI $50m JV: Khaitan-Wong | Ming Yang-GWPL: AZB-AMSS & more…

    The rest of the week's deals in one packageThe rest of the week's deals in one packageThis week’s instructions starring: Amarchand Mangaldas, AZB & Partners, Khaitan & Co, Vaish Associates, Talwar Thakore & Associates, Desai & Diwanji and Khaitan Sud & partners, with Linklaters, Cleary Gotlieb and WongPartnership

  • 03 August 2012

    Deals in brief of the largest and smallest firms on L Capital, Morgan Stanley, Whirlpool, Wockhardt, Yatra, Eicher, Fresenius, Wolters & more

    imageimageMore deals than you can shake a stick at in our handy round-up of deals activity, with dozens of firms keeping busy.

  • 27 June 2012

    15 Deals in brief: Quickr, Mitsui Sumitomo, Bol Bachchan, Piramal, Morgan Stanley, Specialty Restaurants, Reliance…

    Tri-week packTri-week packJuris Corp, I&S Associates, Indus Law, MDP & Partners, along with Amarchand Mangaldas, AZB & Partners, Khaitan & Co, Luthra & Luthra, Trilegal and others kept busy on 15 selected deals.

  • 14 April 2011

    Talwar Thakore breaks Rs 10L fresher pay, increments across board

    rupees-stackrupees-stack Exclusive: Talwar Thakore & Associates (TTA) has hiked its starting graduate retainer salary to Rs 10.5 lakh alongside base pay-band increases of between 10 and 20 per cent across the board.

  • 24 March 2011

    Talwar Thakore gets sixth partner but has work to do on leverage

    Linklaters best-friend firm Talwar Thakore & Associates (TTA) has promoted banking and finance managing associate Sonali Mahapatra to its partnership to take its ranks of partners back up to six.

  • 22 February 2011

    AZB-A&O, Links-TTA share BP’s inbound up to $20bn RIL buy

    Oil Industry.Oil Industry. AZB & Partners, Talwar Thakore & Associates, Allen & Overy (A&O), Linklaters and Vinson & Elkins have advised on oil major British Petroleum’s (BP) record acquisition of 30 per cent of 23 oil and gas production sharing contracts (including the KG D6 block) operated by Reliance Industries Limited (RIL) for a consideration of $7.2bn (Rs 32,500 crore).

  • 06 November 2009

    Linklaters partners resign, join best friend's new lockstep

    Talwar-Thakore-Narayan-IyerTalwar-Thakore-Narayan-IyerTwo partners from Linklaters have resigned to join its Indian best friend firm Talwar Thakore & Associates (TTA) as equity partners.

    The firm has also promoted two of its associates to non-equity partner level and put in place a lockstep system.

    Talwar-Thakore-Narayan-IyerTalwar-Thakore-Narayan-IyerTalwar-Thakore_Kunal-ThakoreTalwar-Thakore_Kunal-ThakoreTwo partners from Linklaters have resigned to join its Indian best friend firm Talwar Thakore & Associates (TTA) as equity partners.

    The firm has also promoted two of its associates to non-equity partner level and put in place a lockstep system.

    Linklaters Singapore project finance partner Narayan Iyer and Hong Kong corporate partner Kunal Thakore (pictured l. to r.) will become equity partners at TTA Mumbai from 1 December.

    Linklaters India group head Sandeep Katwala said: "What this is intended to do is obviously, in respect of increasing higher demand, to add to the partnership of TTA so you are going from two partners to six partners."

    TTA has now completed its conversion from a founder partner equity model to a lockstep-style model that is closely modelled on Linklaters' own 10-year lockstep.

    TTA co-founding partner Shobhan Thakore said that he was very happy about the new joiners. "Suresh [Talwar] and I have been around all these years but we've obviously never been exposed to the sense of working in an international firm or dealing with large international clients.

    "And that is largely the expertise that they will bring, apart from the obvious, from sort-of on-the-spot training for all the associates that we have."

    However, he added that the idea was not to "put a freeze on recruitment and just take Linklaters lawyers" but that the firm would continue to recruit domestic lawyers, even it it would take longer.

    Linklaters core India group now consists of around 20 lawyers and two partners after the departure of Iyer and Kunal Thakore, although roughly 140 Linklaters lawyers are involved in India transactions from time to time.

    Katwala said he hoped that internal promotions would replenish the top level in the core India group in the next round or two.

    Katwala and Shobhan Thakore both stressed that Iyer and Kunal Thakore had severed all financial ties to Linklaters before joining TTA. "There is no way that we can try and cross that line," said Shobhan Thakore.

    Iyer has been a Linklaters partner since 2007 and Kunal Thakore since 2008.

    In the last four months former Linklaters Singapore managing associates Sonali Mahapatra and Rahul Gulati have also joined TTA as managing associates.

    Katwala said: "It is not part of a plan or strategy to move [Linklaters] India group lawyers into TTA… It was the particular situation in respect of these individuals and given we have the relationship with TTA that they were comfortable to move to TTA."

    TTA has also promoted managing associates Feroz Dubash and Kiran Khanna to its partnership, effective from 1 April 2010.

    Dubash and Khanna are the most senior associates at TTA, having been with the firm since its inception in 2007. Previously, Dubash had worked at Linklaters between 1998 and 2006 and Khanna had been with Crawford Bayley.

    Former Linklaters partner Kunal Thakore is the son of Shobhan Thakore and new partner Khanna is the daughter of TTA co-founding partner Suresh Talwar.

    Shobhan Thakore said: "All of us, with a straight face and clean conscience, can say in this particular case there is no question of any nepotism in that he became a partner in Linklaters first…"

    He also added that Khanna's promotion to partnership was made strictly following the internal associate promotion guidelines.

    TTA's associate career progression framework has been modelled closely on Linklaters' system.

    TTA has also taken on new office space, which would enable it to almost double its lawyer headcount from its current 24, which now includes six partners.

    Trilegal has also recently taken on a partner from its best friend Allen & Overy.
  • 05 November 2009

    Talwar Thakore takes building big enough to double headcount

    Mumbai-Fort-mapMumbai-Fort-mapLinklaters best friend Talwar Thakore & Associates has leased a new office in the Fort area with 70 per cent more floor space, bucking the recent trend of Mumbai firms moving North.
    Mumbai-Fort-mapMumbai-Fort-mapLinklaters best friend Talwar Thakore & Associates has leased a new office in the Fort area with 70 per cent more floor space, bucking the recent trend of Mumbai firms moving North.

    The firm will move to the Kalpataru Heritage building on the arterial Mahatma Gandhi (MG) Road in the first week of January 2010 when the new 8,500 square foot office is hoped to be fully outfitted.

    The lease on Talwar Thakore's current 5,000 square foot office on Ballard Estate's Sprott Road expires in February 2010.

    The firm is currently located near the Mumbai office of J Sagar Associates (JSA).

    Talwar Thakore co-founding partner Shobhan Thakore said: "Obviously we are outgrowing this place and in this building there was no extra space that the landlord could give us."

    Talwar Thakore currently has 22 lawyers, with Thakore and Suresh Talwar leading the firm as partners.

    Thakore said that the new office space had a lease of three year and made provision for growing to 40 lawyers.

    "Coincidentally [the new building] is the office where I spent 30 years of my life from 1969 until 2004," mused Thakore.

    Before setting up Talwar Thakore as a best friend firm for Linklaters, Thakore was a senior partner with Bhaishanker Kanga & Girdharlal, which had its office in the Kalpatuaru Heritage building since the 1950s.

    Khaitan & Co, Phoenix Legal and Trilegal all moved to central Mumbai in the Lower Parel area in the last two months.

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