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Amarchand hires Luthra tax partner SR Patnaik as Mumbai head

Patnaik
Patnaik

Amarchand Mangaldas Mumbai office has hired SR Patnaik, who was previously a tax partner at Luthra & Luthra in Delhi, as its Mumbai tax practice head and partner. 

Patnaik had been at the Luthra & Luthra accountancy firm since February 2000, which was set up by the father of Luthra & Luthra Law Offices founder Rajiv Luthra. It is currently run by his brother Amit Luthra and in 2008 the tax division of the accountancy firm was merged into the law firm.

Patnaik began his career as a chartered accountant in 1994 after his BCom in tax, accounting and business laws at Berhampur University. He later obtained his LLB from Chaudhary Charan Singh University.

Patnaik has been unreachable for comment since last week.

Update: Patnaik told Legally India that he was still at Luthra and would be joining Amarchand some time in October. “I’ve had a very great enriching experience here and this [move to Amarchand] is just in terms of my career prospects and opportunity,” he said.

Amarchand Mumbai managing partner Cyril Shroff said in a press release that Patnaik would strengthen the firm’s “specialist combination of legal and tax expertise”, which was required in complex global and national transactions. “Naturally therefore, tax lawyering is a core focus area for our firm and I see this as absolutely essential in today’s business environment… We welcome him to our Firm and wish him a successful career with us.”

Amarchand’s Delhi tax practice is headed by partner Krishnan Malhotra, who was hired last year from KPMG after the firm’s tax head Aseem Chawla left to start his own firm.

Legally India has reached out to Luthra managing partner Rajiv Luthra for comment. The firm’s capital markets partner Madhurima Mukherjee, who had previously joined the firm from Amarchand Delhi, resigned last month with three other partners having left or due to leave the firm.

Correction: An earlier version of the story erroneously stated that Patnaik had joined the Luthra law firm in 2000, when it was in fact the chartered accountancy by the same name.

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