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10+ secretly signed into new (Shardul) Amarchand partnership deed today, after impending break-up announced internally for first time

Delhi (now) knows
Delhi (now) knows

The Amarchand Mangaldas Delhi-region partnership, led by Shardul Shroff who is in the final stages of a separation with the half of the firm led by his brother Cyril from Mumbai since November 2014, on Tuesday for the first time announced internally that the firm was likely to split, subject to the outcome of the still ongoing mediation between the brothers that is set to conclude at the end of this month.

Unlike Cyril, who internally announced the impending split long ago and on 31 January called for volunteers to move to Delhi to kick off the new office there, Shardul is understood to have made no internal announcements relating to the matter until this week.

According to three independent sources, more than 10 of Shardul’s Delhi lawyers have been told they would become partners in the new firm, subject to the close of the mediation.

It is understood that earlier today each of them signed an agreement to accede to the a new partnership deed once the firms have separated.

However, while all of the new partners have been privately told of their elevation, none of the promotions have been announced within the firm yet, so Legally India was unable to confirm a complete list of names at the time of going to press.

We have reached out to Shardul for comment.

Alongside a pre-existing family office in Mumbai, Shardul is set to secure two office spaces in South Mumbai, including soon-to-be the former office of AZB & Partners in the city.

Meanwhile Cyril in Mumbai last week agreed to seven new equity partners and 12 new salaried partners, with two lateral partners already confirmed for his new firm’s Delhi office.

Both firms have already registered separate web domain names, with Shardul having bagged ShardulAmarchand.com and sssamarchand.com, while Amarchand Mumbai has registered CyrilAmarchand.com and five other domain names.

Update: Bar & Bench has reported that the following partners were made equity partners:

Bar & Bench has just reported that the following partners “are likely to be elevated to equity”, though this had not been confirmed by “senior partners”:

1. Dev Robinson
2. Naval Chopra
3. Prashant Gupta
4. Raghubir Menon
5. Ravindra Bandhkavi (Gurgaon office)
6. Shweta Shroff Chopra
7. Tejas Karia

These Partners would add to the league of existing equity partners i.e., Shardul Shroff, Pallavi Shroff, Gunjan Shah, Akila Aggarwal, Jatin Aneja, Kalpatru Tripathy, Ritu Bhalla, Amit Kumar and Ajoy Roy.
According to sources, the firm is likely to promote the following principal associates to salaried partnership.
1. Abhishek Guha (Corporate)
2. Amit Singhania (Direct Tax)
3. Anuj Berry (Litigation)
4. Anoop Rawat (Project Finance)
5. Aparna Tuteja Mehra (Competition)
6. Harman Sandhu (Competition)
7. Misha (Litigation)
8. Monal Mukherjee (Capital Markets)
9. Nishant Joshi (Litigation)
10. Rudra Kumar Pandey (Corporate)
11. Saanjh Purohit (Litigation)
12. Saurav De Biswas (Corporate)
13. Sayantan Dutta (Capital Markets)
14. Vaibhav Kothari"

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