Verus partner Jay Parikh acted for Suzlon which is understood to have frequently instructed the firm on its corporate finance matters previously. It is understood that Verus acted for Suzlon in the later stages of this deal.
Parikh and Verus partner Dipankar Bandopahyay's relationship with Suzlon is understood to date back to their association with Bharucha & Partners, when they had acted for the company on its $2.5bn debt restructuring.
Desai & Diwanji partner Monika Deshmukh acted for the purchaser and negotiated and drafted the transaction documents with Suzlon's in-house team.
The all-NUJS start-up Verus, now a-year-and-half into operation, rented bigger offices in Fort, Mumbai and East of Kailash, Delhi, three months after expanding its equity partnership to five.
Parikh told Legally India that the firm shifted into the new space in Mumbai one month ago, while the Delhi space has been functional for around two weeks.
The Mumbai office has 1100 sq ft of space for around 27 professionals, while the Delhi office can accommodate 10 more, in its 1000 sq ft with an option to expand to 2200 sq ft. Both offices house seven lawyers at present, with one more associate level position created in Mumbai.
“Bombay is developing really well,” said Parikh adding that the firm hopes to similarly grow its corporate transactions practice in Delhi.
[Editorial note: This story was edited to hide the identity of the purchaser owing to client confidentiality obligations]
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Thank you for your comment but you appear to have made an assumption which is nowhere implicit in the story.
Nowhere have we said that Suzlon was brought in by Jay and Dipankar.
Suzlon instructed Jay and Dipankar while they were at Bharucha and Suzlon had an independent relationship with Verus as well.
We hope this addresses your concern,
Best wishes,
Prachi
Even if you negotiate a flat fee arrangement, there is this magical "OPE" (out of pocket expenses) which is not capped. Clients are billed upto Rs. 100 for one single photocopy or printout. Such small ticket items add up to huge amount. I personally am aware of two real scumbag partners of a mid-level firm working on a flat fee deal, who charged one lakh as OPE for a day's visit to a metro. This included Rs. 15,000 towards local travel (airport to hotel and back). It is so apparent that they are being dishonest. Unless these law firms start delivering value for money, the chances are that a client will not return to them.
"Desai & Diwanji partner Monika Deshmukh acted for the purchaser and negotiated and drafted the transaction documents with Suzlon's in-house team."
So what exactly did Verus do?
Also, as far as manipulating this site for publicity is concerned, bitchy superficial criticism always have and will highlight the fact that someone is genuinely doing well...All the very best Jay.
For people who implied Verus was not paid...all I can say is wild presumptions or deliberate attempts to spin lies shows how much one wuld love to get the wrk themselves but are unable to do so...it happens.
Also, bitchiness is a relative term my friend....as far as I am concerned, criticizing/trashing people who get work on merit or have won confidence of people by work and not coz of family/connections alone, is bitchiness...but these guys have proved themselves first by having slogged on similar deals before at their erstwhile workplaces and now having erstwhile clients instructing them even on "later stages" of a deal. An erstwhile client instructing a new frim but with lawyers with whom they have worked in the past, at later stages of a deal, irrrespective of what they did, in my opinion can only highlight the credibility of the firm in relation to its clinet.
I agree with you that they have not listed out the work they have done in this transaction in this article but no firm has ever provided a detailed list of the profile of wrk undertaken by it in a transaction in any of such articles. It is a common practice to state that you have worked on the transaction and to provide transaction details.
I am sure the firm believes that if you approach them with any work requirement or ask for their work profile after having read this article (including work undertaken specific to this transaction) they will be in a quite good position to provide satisfactory details of the substantial work done by them in relation to this transaction and a whole lot of others before. If you have work to give them try contacting them personally on the same. They will be happy to oblige.
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