Exclusive: Fox Mandal partner Sumes Dewan will join Desai & Diwanji as the firm’s second Delhi partner on 7 July, after he had resigned last week.
Desai & Diwanji partner Amit Khansaheb said: “We’re obviously very excited and he will bring in a lot of capital markets support to the firm. His background speaks for itself – the kind of experience he’s had in KR Chawla [& Co] and Fox [Mandal].”
Dewan, who Khansaheb said was a “guy with great integrity”, would improve the firm’s ability to do capital markets work and would add his own M&A and private equity clients.
Dewan confirmed that he would join and focus on growing Desai & Diwanji’s Delhi office in corporate and capital markets.
“We are still quite active in capital markets and private equity. We have a couple of mandates for GDR listings, which will be taken to Desai & Diwanji.”
He added that all clients who moved with him from KR Chawla to Fox would also follow him to his new firm.
He said that such clients included investment bank Enarr Capital, sewing machine manufacturer Singer India, US-based importer Enermec-Corp, and UK-based investment bank Elara Capital.
“We wish him well,” said Fox Mandal managing partner Som Mandal.
Dewan’s resignation leaves Fox Mandal Delhi with only four partners outside the founding family, Legally India reported last week.
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Fan :)
20 July 2009- LI publishes story of FML not being able to pay salaries. 44 lawyers (partners/ associates/ senior associates) only on the corporate side (incl myself) at the time.
5 July 2012- 41 out of those 44 lawyers are no longer with FML
This does not include lawyers like Sumes who joined FML after July 2009. :)
This means that only 3 remain with FML. In near future, if 10 more leave, then seven will have to join so that there is no one left!!
Nevertheless, wish both him and Desai Dewanji well.
Clients always come to a lawyer and NOT to a firm. A client, if he/ she is happy with his/her lawyer will ALWAYS stick with the same guy. If the lawyer is attached to a firm then it is the firms good luck because in the end, they will benefit from the lawyers clients. Now, if the firm does not appreciate the lawyer and the work that he does and moreover rides him over then it most definitely a stark indication of the firms falling levels of integrity and if in such scenario the lawyer does move... with his clients... then it is the firms bad luck..
What was i saying in the first place.. i lost track but you get the gist!
Now, back to "loving" what i do and where i do it!!!
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