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Amarchand ‘modified lockstep’ partner joins Dua Associates to rebuild firm [Exclusive]

Amarchand Mangaldas equity corporate partner Himanshu Narayan has resigned the firm to join Dua Associates in Delhi.

Narayan (pictured) would leave Amarchand’s Delhi office on 15 October, confirmed the Delhi region’s managing partner Shardul Shroff.

“Himanshu wants to leave and rejoin Dua Associates,” explained Shroff, adding: “I am told that Swaran, his dear wife, is now a partner there.”

“He sees a role in rebuilding that firm and an M&A practice there,” said Shroff. “We wish him well.”

Narayan declined to comment when contacted.

His practice focuses on corporate, M&A and private equity work. He had joined in Amarchand in March 2006 from Dua Associates, having graduated from NLSIU Bangalore in 1995.

In August 2008 Narayan was one of five partners elevated onto Amarchand’s new partial lockstep system, alongside corporate partner Ashwath Rau, banking partners Gunjan Shah and Leena Chacko and projects partner Jatin Aneja.

Shroff told Legally India that the firm would not have to re-examine its equity system following Narayan’s departure: “A single equity partner leaving does not cause the modified lockstep to be changed or revaluated.

Amarchand’s Delhi offices is celebrating its 30th year of operations this year.

Dua Associates partner and spokesperson Balinder Singh said today that the firm would not comment on “speculation” while the firm’s managing partner Ranji Dua did not respond to emails or calls seeking comment.

At the beginning of this year Dua Associates lost 50 lawyers including nine partners, who started up Tatva Legal. At the same time Dua Associates also opened a Singapore office, which according to the firm’s website now has an office on Robinson Road in the ASO Building.

Six months later Tatva hired Dua Associates’ Mumbai partner Mahernosh Humranwala, leaving Dua with one partner in the office.

Dua Associates told Legally India in June that it had hired around 20 professionals and three lateral partners since January, although the firm declined to confirm the names of the new partners.

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