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Young PXV partnership splits over ‘vision’, with Rohit Das restarting RDA Legal

Das reverts to RDA with Pal
Das reverts to RDA with Pal
Exclusive: PXV Law Partners’ founders have agreed to separate, with managing partner Rohit Das and co-founding partner Arindam Pal reverting into the RDA Legal brand name in Mumbai and Kolkata, while the six remaining partners would continue in Delhi and Bangalore under the PXV banner.

Both firms intend to restart offices to become national firms again.

Das and PXV partner Deepto Roy confirmed to Legally India that an agreement to separate would take effect from 16 Februrary, although they declined to comment further until all details were finalised.

According to sources the split was amicable but was caused by differing “visions” about the firm.

It is understood that during a transition period of up to three months, both sides would implement their comprehensive settlement of firm assets to avoid any disruption to clients and give associates the free choice of which firm to continue with.

PXV operated an equity lockstep partnership of seven, including Pal who had left in October of last year to go independent and will now rejoin Das in RDA.

Four PXV equity partners – Roy, advocate-on-record Mohit Abraham, Thomas Phillippe in Delhi and Pingal Khan in Bangalore – as well as two salaried partners - Souvik Bhadra in Kolkata and Anuj Sahay in Delhi - would continue as PXV and are understood to re-start a Kolkata office.

They are understood to move into a new Kolkata office and restart a Mumbai office that could be headed up by Khan.

Mumbai-based Das and Kolkata-based Pal, are also believed to intend to continue being a national firm and will re-open offices in Delhi and Bangalore.

The brand name PXV was created one year ago out of RDA Legal, after electing Das for a two-year term as managing partner and inducting three new equity partners into the firm partnership. All partners are NUJS Kolkata graduates, with Abraham, Das and Roy having graduated between 2005 and 2006.

The pre-separation firm numbered 25 lawyers and specialised in M&A and corporate law, disputes, real estate, infrastructure and finance, according to a firm profile published by Legally India in July 2011.

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