equity partnership
Orbit Law Services has promoted four of its partners into equity, following the retirement of co-founding partner PV Rao and a corresponding widening and redistribution of equity.
A fundamental rift has opened up at L&L Partners over how its long-held promoter equity should be opened up and distributed to other partners in the firm.
Amit Jajoo (Mumbai; commercial litigation),Avik Biswas (Bengaluru; employment law, anti-bribery and anti-corruption),Lomesh Kiran Nidumuri (Bengaluru; civl and commercial disputes),Manan Lahoty (Mumbai; capital markets),Manish Gupta (Delhi, M&A, private equity),Mayank Mishra (Delhi; disputes),Nishant Singh (Mumbai; M&A, private equity, banking & finance, corporate) andSaurav Kumar (Delhi, M&A, private equity, corporate).
Exclusive: Firm in strong financial position to weather possible future storms: H Jayesh 
As managing partner Berjis Desai’s exit nears and after the departure of senior Mumbai rainmaker Akshay Chudasama, concerns mount over the firm holding on to its democratic structure and how it can remain competitive for the next 25 years.
And if you’ve read the article in Mint already, click through for additional interesting transcripts from the interview.
Getting the ratio of partners to non-partner fee-earners right has its rewards, but it is, at best, an inexact science.
Ashok Dhingra Associates, a tax and regulatory boutique set up last year by ex-J Sagar Associates (JSA) tax chair Ashok Dhingra and partner Smita Singh, has converted into a full equity partnership.
Cyril Amarchand Mangaldas, as the new partnership under Mumbai-based brother Cyril Shroff is set to be known when started from 1 April, has finalised a list of seven new equity partners, and 12 new salaried partners to be promoted in its existing offices.
Wadia Ghandy has created a joint managing partner post, which managing partner Ashish Ahuja will share with executive committee partner Dhawal Mehta.
Lakshmikumaran & Sridharan (LKS) has made up seven non-founding partners into equity, for the first time ever, in its 30th year of existence.
Answer: It depends (but nine is magic number)
Luthra & Luthra has promoted six associates to its partnership, of whom three are in its Delhi litigation practice.
Exclusive: J Sagar Associates (JSA) yesterday effectively promoted Mumbai retained partner Aashit Shah as its twenty-third equity partner, becoming an “equity partner elect” to sidestep the 20-equity-partner limit per firm, while Germany-India returnee Anish Mashruwala was made a retained partner.
Majmudar & Co has rebranded as Majmudar & Partners after promoting February lateral hire Prashanth Sabeshan into its equity partnership, which now stands at six partners.
It is fair to say that a sizable number of Indian senior associates and junior partners are preoccupied with equity, or rather a lack of it.
Kochhar & Co has promoted litigation partner Syed Naqvi to its equity partnership that now consists of five advocates.
Luthra & Luthra partners have agreed to completely overhaul their management and partnership structure, which will see up to six current salaried partners enter the newly opened equity on a lockstep system.