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Breaking: Luthra cap markets head Madhurima Mukherjee quits


Luthra & Luthra capital markets head and partner Madhurima Mukherjee has announced her resignation from the firm earlier today.

Mukherjee had joined Luthra in 2006 from Amarchand Mangaldas in Delhi, building up its capital markets practice to become one of India’s busiest.

Mukherjee said: “Mr [Rajiv] Luthra has been a great mentor. After seven great years I’ve decided to move on.”

“I have no immediate plans, will take a break for the next couple of months and then decide what to do going forward,” she said.

The Luthra capital markets practice remains with partner Manan Lahoty in Mumbai, who joined from Shearman & Sterling in 2009.

Indraneel Basu Majumdar, who joined in 2010 from Clifford Chance as a capital markets senior associate on a partnership track, joined JP Morgan in London around last year after a sabbatical to complete a master’s degree.

Mukherjee said: “I wish my team and Manan all the best and I will miss them.”

Legally India reported earlier this month that three partners - Nivedita Tiwari, Moushami Joshi and Shweta Hingorani- had left or are about to leave the firm. Delhi litigation partner Ajit Warrier had joined Amarchand in May.

Luthra promoted two lawyers to partner on 3 August, saying it was launching a strategic initiative to focus on higher-margin work after profits at the firm took a dive.

Luthra managing partner Rajiv Luthra and senior partner Mohit Saraf were not reachable for comment at the time of going to press.

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