Former Juris Corp partner and Chennai head Hufriz Wadia yesterday joined Kochhar & Co as a partner in its banking and finance, corporate and capital markets practice in Chennai.
Confirming that she had been in talks with Kochhar since before leaving Juris Corp, Wadia said: “There is enough banking that happens in Chennai. The benefit that I have now is that there is a robust practice already. [Kochhar] is a well-established firm with a big practice already so it is far easier to bring in banking clients here. It has a good setup in Chennai.”
Wadia said that the “traditional” Chennai market where corporate clients preferred senior counsel and were not open to law firms, had changed. “It is getting easier,” she commented.
Wadia will not specialise in Islamic Banking as she did for Juris Corp, using her past experience at Dubai law firm Al Tamimi & Co. Though she said she will help with Islamic banking work for Kochhar’s Dubai office when required.
Kochhar & Co managing partner Rohit Kochhar said in a press release: “I am delighted to welcome Hufriz on board and am confident that she will make a valuable contribution to the Kochhar Chennai office and will help us consolidate our leadership position in Tamil Nadu.”
She had announced her resignation from Juris Corp seven months after heading the newly established Chennai practice of the firm. She exited in October having joined the firm in January 2013. She told Legally India that the firm was in the process of “organising something” for the Chennai office at the time of her exit. Juris Corp was not reachable for comment at the time of going to press.
Kochhar has 30 lawyers in Chennai including 5 partners, 15 corporate banking associates and the rest involved in litigation work, she explained adding that the firm had no practice head in the city.
The firm hired four lateral partners in May, most recently.
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Yes very apt since talent is the lifeblood of any firm and there has been so much bleeding of talent , latest being Hufriz Wadia that the firm is a corpse
Juris Corp has lost its best partners and Seniors in last 2 years and is merely a shell now Great move by Hufriz
JC was a great organisation. It had great work and nice people (barring a few). It saddening to read every few months about the downward slide of JC.
Congrats and good luck Hufriz! :-)
JC HR Policy is toatally to blame for the current sorry state of affairs
Yes but it is not saddening.It is inevitable given their shabby treatment of their people and those who have been insulted, treated shabbily, pay witheld on the flimsiest pretext and forced to leave JC will feel very happy that the firm has got itsjust desserts
Confirming that she had been in talks with Kochhar since before leaving Juris Corp,
The above quote from the writeup clearly shows how frustrated Partners are with JC HR policy. They leave long before another job offer comes when frustration at Juris Corps becomes intolerable
Dear SR
You are being diplomatic. I think JC has already sunk to new lows for its HR standards ( insulting by HR openly, swipe cards, cameras, witholding increments wrongfully, trivialising achievements etc). Results of mass exodus of talented partners and seniors in the last 2 tears speaks for itself
Far more people leave AMSS, JSA, Trilegal AZB etc but the maximum ill will, resentment and bad blood seems to be between Juris Corps and its former people Makes one wonder why?
Emotional Atyachar...
Elementary my Dear Watson it is JC HR Policy and HR policy alone that is to blame. Even after people leave they harbour ill will and resentment towards it due to being very shabbily treated and rubbed the wrong way. Flight of talent from JC speaks for itself
All recruiters love JC since they can outplace people from there
If you insult your senior partners openly on dress, appearance,coming 5 min late monitor washroom time, get them bogged down with useless tasks, make them attend boring so called presentations, denying leave, making them spend half the night in office fruitlessly and finally unjustly withold their pay and increments on the flimsiest possible excuse thats why This is what JC does and this is why so many people rush for the exits in the last 2 years making it reach its all time reputational low today
Nobody is handling Chennai Office which is history like the London Office. With Hoshedar gone Derivatives practice has also taken a beating. Earlier with VAndana Freddy and Huzefa gone PE, Tax and litigation either stopped or severly reduced All thanks to JC HR!
The rate at which JC is going Mumbai Office will also be history soon
Until 2011 Juris Corp was a great firm and possibly one which could have given AMSS or AZB a run for its money at the rate it was expanding. Sadly they brought in very bad HR and people unfriendly policies with the result that its top talented partners and seniors all rushed for the exit especially Huzefa, Vandana and Freddy who had great reputation and goodwill in the legal services market . Alongside them most of their extremely talented and experienced seniors also left until in 2013 Juris Corp was an empty hollow shell of its former shelf However instead of mending its ways it buried its head in the sand as if nothing had happened and continued with its horrendous HR till now when it is a butt of jokes and losing ground even to small practitioners and firms
Very Sad downfall only due to bad HR and HR alone
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