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Breaking: AZB partner Shuva Mandal defects to Shardul Amarchand (Chudasama) as nat’l M&A head [UPDATE-3]

Shardul Amarchand scoops MandalShardul Amarchand scoops Mandal

AZB & Partners Mumbai partner Shuva Mandal has resigned from the firm and will join Shardul Amarchand Mangaldas (SAM)  in Mumbai.

Shardul Amarchand Mumbai managing partner Akshay Chudasama confirmed his joining.

Update 18:03: Chudasama commented: “He's a star, great addition and asset to our team. Lucky to have him on board.”

Update 19:43: SAM  chairman Shardul Shroff has now commented in a press release: “[Mandal] brings with him huge experience and depth of knowledge in mergers and amalgamations, private equity and corporate commercial matters.

“As the national practice head of M&A at the firm, he adds new dynamism to the firm. Shuva joining us is yet another step in building a world class institution based on meritocracy.”

AZB Mumbai partner Bahram Vakil said he wished Mandal well and thanked him for his “valuable and dedicated contribution”.

We have reached out to Mandal for comment.

Update 19:43: Mandal commented in the SAM press release: “After 15 years at AZB, it was time to take on new challenges and roles and I am eagerly looking forward to servicing clients with the same levels of depth as sincerely as before and I believe that Shardul Amarchand Mangaldas is well positioned to do so in the Indian legal market. I look forward to working with each member of the team at SAM & Co.”

He has been rumoured to have been in talks with Shardul Amarchand since earlier this year, which Mandal had repeatedly denied when contacted.

Mandal’s hire by SAM follows that of J Sagar Associates (JSA) funds partner Jay Gandhi and his team and a string of other hires in the city.

Update: According to SAM’s press release the firm is now more than 69 partners and nearly 370 lawyers strong.

Update 17:24: AZB Mumbai partner Kalpana Merchant has also resigned and may start her own venture.

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1
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Like +6 Object -3 abc 09 Sep 15, 16:53
Woah ! This is news. Wonder how Zia and CSS are going to react...
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1.1
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Like +3 Object -1 Paisa Paisa 11 Sep 15, 21:16
How much money do people think he was making at AZB and how much more could SAM be offering?
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2
Like +23 Object -3 Acapulko 09 Sep 15, 17:02  interesting  top rated
Woohh........ big big transfer............ like Rooney joining City......
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2.1
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Like +5 Object -6 footie 09 Sep 15, 17:51  controversial
More like scholes joining Manchester City
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2.1.1
Like +8 Object -2 Fair Play 09 Sep 15, 18:13  interesting
SAM is "recruiting" from bbay law firms like manchester city did from arsenal over the years
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3
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Like +4 Object -2 Guest 09 Sep 15, 17:16
Massive
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4
Like +18 Object -13 AZB 09 Sep 15, 17:18  interesting  controversial
Game over. This firm is finished. Shuva had a 40 crore book. No Essa, no Abhijit. Now NO Shuva.
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4.1
Like +14 Object -4 Insider 09 Sep 15, 18:10  interesting
Not really. He has a book and goodwill among certain clients, but surely not something as big as you have mentioned
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4.1.1
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Like +4 Object -9 Shuva Fan 09 Sep 15, 18:31
Will miss you Shuva! Working in AZB is never going be the same again.
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4.2
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Like +1 Object -0 A concerned soul 19 Dec 15, 13:19
One lawyer doesn't make (or for that matter break) a firm. Just a thought.
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4.3
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Like +3 Object -0 Bravo 06 Apr 16, 22:26
AZB has Ashwath now! I was waiting for this day to reply to this post. '
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5
Like +21 Object -4 Balle Balle! 09 Sep 15, 17:20  interesting  top rated
Chudasama+Shuva! Oh boy!
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5.1
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Like +3 Object -6 Trident 09 Sep 15, 20:10
Deadly Combo that!
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5.2
Like +26 Object -1 Monny 10 Sep 15, 23:04  interesting  top rated
Awwww. Their celebrity couple name will be Chuva. Move over Brangelina!
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6
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Like +7 Object -6 Guest 09 Sep 15, 17:20  controversial
One more resignation news to come out from AZB
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6.1
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Like +3 Object -2 Balle Balle! 09 Sep 15, 17:22
Bta de bhai!
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7
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Like +2 Object -6 Guest 09 Sep 15, 17:21
Dark times to come for AZB!!
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8
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Like +8 Object -8 Trident 09 Sep 15, 17:23  controversial
MASSIVE BLOW TO AZB !!! SAM really has shaken up the market by poaching all the big players.
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9
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Like +5 Object -4 Avent 09 Sep 15, 17:23
must have got a ridiculous package from SAM !!!!!!
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10
Like +100 Object -5 SAM 09 Sep 15, 17:25  interesting  top rated  controversial
It is my mothers blessings and fathers acumen which have led me to reward me hire stars without getting insecure. I realise it is the only way to build an institution to hire reputed big names from the market. Stay away from random hiring of tier six law firms of has beens. My way has now been proven right without 190 committees to endorse it. Get it bro?
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11
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Like +2 Object -3 Azb office boy 09 Sep 15, 17:30
Kalpana has also resigned. Any clue where is she going
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11.1
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Like +2 Object -2 kianganz 09 Sep 15, 17:32
I hear that she might start her own thing, but that's not 100% frozen yet.
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12
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Like +4 Object -1 Huh 09 Sep 15, 17:33
Master stroke!
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13
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Like +14 Object -11 End of an era 09 Sep 15, 17:34  controversial
Azb is no longer a top 3 firm. At least JSA has Som. No one left at azb.
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13.1
Like +34 Object -6 Alias 09 Sep 15, 17:44  interesting  top rated  controversial
Don't forget that AZB still has the 'Z'
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13.1.1
Like +16 Object -3 Ung-Lee 10 Sep 15, 13:46  interesting  top rated
Now it will only be Zzzzz....
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13.2
Like +20 Object -14 BZA 09 Sep 15, 18:03  interesting  controversial
The firm is bigger than the individuals. It will survive like it has after many departures. There are other good partners at Shuva's level. Sai, Darshika, Ashwin, Barot, Madhruima, Vaidya
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13.2.2
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Like +8 Object -12 SM 09 Sep 15, 18:13  controversial
You forgot Gautam & Samir
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13.2.2.1
Like +16 Object -3 Duh 09 Sep 15, 18:30  interesting  top rated
you forgot Ajay bahl, anil kasturi
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13.2.2.1...
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Like +4 Object -19 Ack 10 Sep 15, 01:10
Hardeep and Percy
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13.2.3
Like +36 Object -8 Spider spider 09 Sep 15, 18:39  interesting  top rated  controversial
With one stroke Tata and Reliance become SAM clients. Come to SAM we pay salaries, don't cut Diwali bonus and don't postpone salary hikes.
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13.2.3.2
Like +23 Object -2 John 09 Sep 15, 23:39  interesting  top rated
You do realize that Tata and Reliance favour a plethora of firms and lawyers right?
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13.2.3.3
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Like +5 Object -2 Bhaiya ji smile 10 Sep 15, 14:22
Don't say that man. Whatever is left of Luthra would also jump ship. People here haven't seen increment and promotions for the new fiscal to date. Only rumors and innuendos. Your advertisement above will only serve to open the flood gates of associate exits in Luthra.
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13.2.3.4
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Like +2 Object -0 Spider 10 Sep 15, 15:15
I hear SAM has still not done its salary hike for the year.
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13.3
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Like +3 Object -5 Insider 09 Sep 15, 18:12
well considering how busy the other partners are and how many of high fee paying clients are flocking, its a bit wishful thinking on part of second tier guys to say that AZB is finished
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13.4
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Like +0 Object -0 Car 28 Jul 16, 11:01
How things change! Azb has ashwath and nisha now. What a comeback by ZIA. Salute. Ppl are talking abt CAM being over right now. Let's see if one year from now CYRIL also turns CAM's fortunes.
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14
Like +11 Object -3 Mind blown 09 Sep 15, 17:35  interesting
Is Shuva taking anyone else from AZB with him? Like Bhavi or Roxanne?
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14.1
Like +15 Object -2 scooter- 10 Sep 15, 16:58  interesting  top rated
I like the name Roxanne!
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15
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Like +2 Object -3 Paisa 09 Sep 15, 17:40
MONEY TALKS.
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16
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Like +8 Object -6 End of an era 09 Sep 15, 17:41  controversial
Bhavi
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16.1
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Like +1 Object -3 Wut! 09 Sep 15, 18:02
Is she leaving too?
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17
Like +24 Object -6 Azb 09 Sep 15, 17:45  interesting  top rated  controversial
For the first time AZB Delhi has better partners. Zia on a very weak wicket.
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18
Like +81 Object -2 Aunty cam 09 Sep 15, 17:47  interesting  top rated
Is it true that this move is because of his love for express towers?
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18.1
Like +7 Object -0 Trident 09 Sep 15, 20:11  interesting
haha, astute observation. view is to die for from there.
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18.2
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Like +1 Object -0 Love? 10 Sep 15, 20:50
What love?
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19
Like +5 Object -1 Time to merge 09 Sep 15, 17:50
CAMAZB
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19.1
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Like +1 Object -0 In House Counsel 09 Sep 15, 18:06
AMCZ I think. Don't see A wanting to join forces.
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20
Like +10 Object -1 Mergerr 09 Sep 15, 17:55  interesting
Even Cci will clear it - dwindling market shares. Sebi will exempt no one will want to control sinking ship
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21
Like +6 Object -0 In House Counsel 09 Sep 15, 18:00  interesting
Undoubtedly the beginning of the reshaping of the Bombay market. SAM maybe marginally better at HR than CAN but it certainly seems to have a clearer long term game plan. There is no way Shuva would have quit solely for short term money. A foreign law firm tie up can't be ruled out now for SAM.
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22
Like +5 Object -1 Sad 09 Sep 15, 18:04
Shardul Amarchand (Chudasama) acronyms rather unfortunately

Great move though, especially if parts of the team are also moving with. He had a stellar team at AZB
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23
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Like +4 Object -6 Ghgh 09 Sep 15, 18:20
CAM and AZB should merge. But 1 thing - in this volatile market CAM has succeeded in retaining his star partners - Ashwath and LV. Kudos to him for that.
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23.1
Like +19 Object -0 PC 09 Sep 15, 18:34  interesting  top rated
For how long? LV and Ashwath are not even recognised as management for Mumbai region. While Gaori and Harry are management for Delhi.
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23.1.1
Like +10 Object -2 LV ka trusted junior 09 Sep 15, 19:18  interesting
Not sure about Ashwath but LV will die before leaving CSS.Not a chance in hell he leaves his guru. Ashwath would also not leave till CSS is around not sure what will happen when Baba has to take over from CSS with LV and ashwath in the firm.
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23.1.1.1
Like +17 Object -8 Reply 09 Sep 15, 21:10  interesting  controversial
Ask LV to gift you Wren and Martin instead of paying you the next tranche of bonus. The number of grammatical mistakes in that statement is making my head spin!
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23.1.1.1...
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Like +4 Object -2 Gulabjamun 10 Sep 15, 17:03
Did you mean 'a' Wren and Martin?. there are two statements in his statement. which one are you referring to?
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23.1.1.2
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Like +2 Object -0 tu kaam kyun kar haha he 09 Sep 15, 23:33
you have too much is it?
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23.1.1.3
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Like +3 Object -1 Trusted Junior 2 11 Sep 15, 23:10
Trusted junior main hu... mark idhar hai...
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23.1.1.4
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Like +0 Object -1 Kingslayer 28 Jul 16, 12:52
"Ashwath would also not leave till CSS is around". Totally. XD
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24
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Like +3 Object -0 lousy 09 Sep 15, 18:41
aala re aala appraisal aala, maite ka
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25
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Like +2 Object -1 HUGE 09 Sep 15, 19:00
its a huge blow to AZB. Shardul Shroff is on a roll
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26
Like +28 Object -8 Blow? 09 Sep 15, 20:37  interesting  top rated  controversial
Now we all get a chance to see how good or not Shuva is outside of the umbrella of Zia. Those who speak of the demise of AZB are like those stock market analysts who think the world is ending when the market dips a bit in the short term.

Akshay and Shuva are a good combination. Let's see how they do. The truth is there are now 3 top firms battling it out for corporate work where there used to be 2.
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27
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Like +20 Object -20 LandL 09 Sep 15, 21:00  controversial
Credit goes to Luthra management for being able to retain their crème de la crème at times like these.
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27.1
Like +121 Object -9 Scott Hall 09 Sep 15, 21:22  interesting  top rated  controversial
Luthra has creme da la creme? Now that is breaking news
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27.1.1
Like +9 Object -2 Washing powder Lutha 09 Sep 15, 23:40  interesting
Very good one!
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27.1.2
Like +22 Object -2 Guest 10 Sep 15, 01:36  interesting  top rated
Oh of course! How can there be any article without someone taking potshots at Luthra.
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27.1.2.1
Like +15 Object -0 PLz 10 Sep 15, 15:22  interesting  top rated
This is bound to happen....Luthra has a habit of killing its golden hen....overwork the star and indulge the slackers....their policies are not retention policies....they are bonded labour policies.....u make life miserable right from recruitment (by making false promises on salary, team allocation, etc.) to exit (painful painful exits which would give competition to any episode of LSD)....all with the slackers sitting in the lap of the old man and whispering sweet nothings in his ear.
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27.1.2.1...
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Like +4 Object -2 anaconda 10 Sep 15, 18:14
golden hen is overworked because in an hourly billing system the firm mints money out of the slow witted. The slackers are the genius which the management recognizes do not serve its purpose when the firm will be paid hourly in dollars. They will be useful when it is lump sum fee in rupees.
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27.1.2.1...
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Like +0 Object -0 everywhere bonded labour is in 15 Sep 15, 12:57
HARDLY ONE CAN NOTICE REASONABLENESS, BUT ONLY BONDED LABOUR EVERYWHERE
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27.1.3
Like +7 Object -1 Truth 10 Sep 15, 15:14  interesting
Ofcourse they do......creme da la creme of sycophants.
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27.1.4
Like +8 Object -0 Jack 10 Sep 15, 16:57  interesting
Yeah cream that went sour long time back!
I was beginning to wonder as to when will the LL bashing start.
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28
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Like +2 Object -1 GC 09 Sep 15, 21:01
Which accounts Shuva was servcing in AZB? Are these going to move with him to SAMCO?
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29
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Like +2 Object -0 Oops 09 Sep 15, 22:25
SAM just poach [...] from Trilegal and [...] from CAM and finish it all.
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30
Like +19 Object -6 AZB will survive 09 Sep 15, 22:32  interesting  top rated  controversial
It's hilarious reading some of the reactions. This is big news - but please control the overboard comments! There is a strong set of individuals who continue at AZB - especially Mumbai. And they have a super second rung too. Don't worry - the firm is staying for a long long time to come!
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30.1
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Like +5 Object -7 Long Time no see 10 Sep 15, 00:34  controversial
Precisely the point all AZB has left now are second rung. This will create a huge run on the firm. More exits to follow.
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30.2
Like +5 Object -1 But 10 Sep 15, 01:58
Hi zia!
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30.3
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Like +1 Object -1 Gulabjamun 10 Sep 15, 17:05
dil pe mat le
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31
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Like +2 Object -2 Guest 09 Sep 15, 23:17
Impossible is nothing
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32
Like +9 Object -2 Guest 09 Sep 15, 23:26  interesting
if Zia does not do the right promotion -even some of her good senior associates will start moving to SAM- she needs to act fast now!
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32.1
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Like +0 Object -0 Guest 15 Sep 15, 15:09
Quoting Guest:
if Zia does not do the right promotion -even some of her good senior associates will start moving to SAM- she needs to act fast now!

So who r these star senior associate - [...], [...] and [...] is it???
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33
Like +18 Object -2 Amen 09 Sep 15, 23:46  interesting  top rated
Being an ex AZB feels horrid to see the firm going down like this ...
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34
Like +25 Object -0 Scott Hall 09 Sep 15, 23:51  interesting  top rated
Ye sab thik hai, Uncle SAM when will you revise our salaries? Or do we have to shift to Bombay office to get your attention?
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34.1
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Like +1 Object -0 Scotty doesnt know 18 Sep 15, 11:54
Forget salary revisions, SAM associates are not even getting reimbursed for more than a month for expenses incurred on deals. I won't be surprised if they soon make the associates pay for working with these star partners.
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35
Like +27 Object -3 ey baana 10 Sep 15, 00:16  interesting  top rated
A shot in the arm for the management but pity those associates who will be staffed in his team. Everyone knows he is extremely painful to work with
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36
Like +56 Object -3 Two Dimes Worth 10 Sep 15, 00:32  interesting  top rated
1. Shuva is a superb hire. Tremendous market recognition and will ensure that the Shardul Shroff Mumbai office does not become an Akshay camp.
2. Astute move by the Shroffs - only way to get old Bombay clients in a new set up is through strong relationships: Tata, Mukesh and Star are guaranteed clients. Added bonus of access to AZB client relationships and pricing.
3. Shuva being national M+A head would mean that Gunjan is no longer the head after 20 years. It also means Shuva won't report to Akshay.
4. Azb's vastly beleaguered and significantly depleted M+A practice now needs a shot in the arm before AZB tanks in Bombay. No comment by Zia on this article shows how bad a hit Shuva'a exit is. Death knell for AZB.
5. Blood is thicker than water - both brothers believe and practice divide and rule.
6. This is not the end of AZB partner exits. SAM still needs top notch partners in capital markets, banking and competition for Mumbai. Interested candidates who are looking at a minimum of a multiple of 3 x of their current pay package should apply.
7. Despite family and Chopra, SAM Mumbai is being run professionally. All top notch partners have documented no interference clauses in their contracts.
8. Life is not about I, me, myself and my family. You are only as good as your team. If you hire crap, you can move from superhero to zero in six months. History speaks for itself.
9. The advantage of paying people more than market means they won't dump you when foreign firms arrive with the dollars and pounds.
10. Freud was wrong. Size doesn't matter. You do not need to hire and pay 100 people when you can hire 30 - pay them double get the job done and have every lawyer and law firm in the country laud you for your strategy.
11. Sycophancy doesn't win big mandates and attract league table clients. Get the market ratings and media projection right.
12. No man is an island. You need an army of decorated war heroes not stable hands. Even Amitabh Bachchan needed his mother. Reference : Deewar
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36.1
Like +117 Object -1 baba 10 Sep 15, 01:05  interesting  top rated
aapke time sheet ka audit hona chahiye
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36.2
Like +32 Object -2 Megatron 10 Sep 15, 01:14  interesting  top rated
Bhai itti raat mein itta sara! Doing DD or GF away frm home?
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36.3
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Like +1 Object -3 Curious Cat 10 Sep 15, 06:09
What is this Divide and Rule strategy you keep referring to?
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36.3.1
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Like +0 Object -0 Megatron 14 Sep 15, 10:16
Divide and Destroy
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36.4
Like +5 Object -0 Articulate 10 Sep 15, 09:47  interesting
Good points and very well written. Surely worth more than two dimes.
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36.5
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Like +4 Object -1 AMSS Alum 10 Sep 15, 11:13
One of the best BTL reads on LI ever. Your point number 6 is key though - No firm can gain market share in Mumbai without a banking or capital markets presence, and from what I hear, they haven't been so fortunate in finding a banking partner so far. Shuva's hire may change the landscape a bit though. What odds on Sai defecting too?
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36.5.2
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Like +3 Object -1 Conspiracy! 10 Sep 15, 20:00
Maybe they are planning to poach from Luthra Bombay for these two teams! These are the only two functional teams Luthra has in Bombay!
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36.6
Like +10 Object -4 banker/ lawyer 10 Sep 15, 14:07  interesting
Interesting n accurate. This is not the end. SAM needs top notch lawyers fr cap marks, competition etc. Shuva n Varoon being close associates indicate that he could b the next exit with his 2 Senior Associates - Lionel n Richa. These 3 r key in bringing AZB capital markets back in the game. All 3 are AZB loyalists, but so was Shuva..........
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36.6.3
Like +7 Object -2 Azb has replacements for all 10 Sep 15, 18:44  interesting
Actually there are ready replacements for all the individuals mentioned above. Varoon stepped into Shameek's shoes - he's doing M&A now. There is Ashwin, Varoon, Sai. And these are only the seniors!
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36.7
Like +6 Object -1 Okhala 10 Sep 15, 16:58  interesting
Get back to billing!!! Stop with your two dimes!
My convertible isn't going to pay for itself.
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37
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Like +3 Object -1 Ceekay 10 Sep 15, 00:37
Time to promote [...] to partnership now!
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38
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Like +6 Object -3 AMSS Alum 10 Sep 15, 08:14
There can be no debate that Akshay and Shuva are in a different league from anyone CAM has hired when starting Delhi. The strategy is definitely a more disruptive and ambitious one, which is probably what is needed for a old boy's club market like Mumbai.

What it does for SAM's home grown partners still remains to be seen though. Gunjan may be mollified by an even bigger cut of profits, but the news of giant paypackets in Mumbai are definitely causing resentment in SAM's Delhi salaried partners and PAs.
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38.1
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Like +2 Object -0 Rofl 10 Sep 15, 09:49
...and you know they have been offered big pay packets coz....
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38.1.1
Like +8 Object -0 Bhai 11 Sep 15, 00:16  interesting
It doesn't matter if they're actually being offered big pay packets. What matters is that all of Okhla believes that they are, because their friends at other firms are telling them that SAM mumbai and consequentially all other firms are offering bumper raises and bonuses. Unless Shardul create some transparent salary mechanism (Tell all equity partners what the other equity partners are making, tell all salaried partners what the other salaried partners are making, etc etc) or give large increments...i mean 40% upwards for A2-PA level lawyers, he's going to enter a winter of discontent. He may be making gains in Bombay, but he will lose big time in Delhi. There's already discontent among the associates. Add to that the firm-wide e-mails... There's a storm coming Mr. Shroff...
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38.1.1.1
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Like +0 Object -0 curious 11 Sep 15, 16:09
what firm wide emails?
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38.2
Like +6 Object -1 Guest 10 Sep 15, 19:36  interesting
CAM Delhi partners are swatting flies, many wanting to leave already.
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38.2.2
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Like +3 Object -3 Flies 11 Sep 15, 23:07
Leave and go where? From obscurity to oblivion? Everyone has heard they have no work and no prospects. How will they justify their inflated salaries with no billing.
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39
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Like +5 Object -9 Deluded Lawyer 10 Sep 15, 10:12  controversial
Demise of AZB? You are kidding right...... Zia, Behram, Ashwin, Varun, Srinath, Sai....... still plenty of firepower there.......
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39.1
Like +8 Object -0 Guest 10 Sep 15, 18:13  interesting
Vineeta, Kalpana, Abhijeet, Utsa, Essaji, Yogesh
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40
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Like +1 Object -0 Name or alias 10 Sep 15, 12:55
We follow
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41
Like +21 Object -6 AZB Client 10 Sep 15, 13:19  interesting  top rated  controversial
Shuva's clients are aware that the work quality they get from AZB has nothing to do with Shuva and everything to do with the associates he works with and the other partners that support him. Mumma won't lose any significant clientele or book entries.

hope Shuva doesn't take SAM down with him. We need the backup options that SAM provides. Meanwhile, anyone wants laddoos? I believe a lot of AZB people are distributing them in the streets.
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41.1
Like +5 Object -0 Curious Cat 10 Sep 15, 19:03  interesting
Why? Is Shuva not a good lawyer? Genuinely interested since all other comments seem to indicate he is a star.
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41.1.1
Like +55 Object -0 curiositykiller 10 Sep 15, 23:37  interesting  top rated
shuva is a great commercial and negotiation guy. The client is happy with his practical advice and he did deliver solid practical advice backed with senior names like zia. He's an above average lawyer who has mastered the art of portraying that he is a top-notch lawyer. Nothing wrong with that as all lawyers have to do that. The sorry state of affairs in law firms today means that he still is among the top because of the combination of these skills, as there are very few lawyers who possess these skills. His biggest weakness is that he cannot work in a situation where he is not the alpha dog, and this extends even with clients. Until now this attitude was balanced out by zias presence on deals. A lot of people will be watching to see if he can overcome this weakness. It can be very difficult after he is only used to one approach for 15 years and has never worked in any other set-up.

This is what most people are missing. Shuva's departure is no doubt a loss for AZB because he had found his spot in that firm and everyone gave him room, including the clients. His growth in AZB and in the legal field is solely attributable to zias faith in him, and her backing for him. Sadly, it ended up overtly indulgent after a point.

Which is why you find a lot of people say that Shuva cannot survive outside the nest. This has nothing to do with his weakness as an independent lawyer. It is because most people know that he can only survive in that atmosphere. Hence, while it is a solid blow for AZB, it does not translate into a solid gain for SAM. It is in fact a risky gamble by SAM. I feel sad that he sold out to SAM, and I hope he is very careful when he plays the game with the gujju money spinners. They are not zias, and they will go for the jugular the minute it is exposed. Shuva is like a stallion leaving the stable and entering the lion's den. He may outrun the lion, but he could get eaten in the process.

I wish shuva the very best. He is a simple yet awesome guy, and more importantly a good human being (deep down).. And a bit of a good natured bully. People who have worked with him extensively will curse him, but have to agree to these facts.

This is why he was an asset to AZB. He had its core DNA, and the drive to take that forward in a manner no other person in the second rung of AZB could, despite his attitude. He has not witnessed the real world, and I hope he braces himself for what is the underlying value system (or the lack thereof) of the real world of top law firms in India.
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41.1.1.1
Like +8 Object -1 curiosity killed! 11 Sep 15, 00:12  interesting
truly excellent analysis of the individual in all respects. completely agree. whilst i wonder what prompted you to write so much on him, i think you have demystified him in a way that no one has so far.
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41.1.1.1...
Like +11 Object -1 guesswho? 11 Sep 15, 01:22  interesting
No significant reason. I was just getting annoyed with all the yuppies posting gibberish such as "game over AZB finished; reliance moves to SAM; dark times to come for azb; shuva has 40cr addressbook". Most of it is posted by mass produced young lawyers who have just had a glimpse of the azb, and think their 450 days of exposure to the firm gives them complete knowledge of where that organisation and its people stand/stood for. Of course, when you have people like those who comment at 48.1 who feel they are doing the world a favor by indulging this form of journalism, you cant really blame the yuppies can you?

Just thought some perspective would help at least the dwindling number of sane people left in the firm world
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41.1.1.2
Like +6 Object -0 Wow 11 Sep 15, 02:16  interesting
That's extremely detailed analysis and seems like you know the chap well.

Do you think it's possible that Shardul will let him be Alpha Dog in Mumbai (at least on his deals) and that will work for him and he'll be able to create the space he wants/thrives in? Or is Shardul incapable of this?
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41.1.1.2...
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Like +3 Object -0 20 questions 11 Sep 15, 10:11
Do I think SS can bend over and touch his toes? My gut feeling is no, but I do not know him what he is capable of doing. That answer should apply to your original question as well
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41.1.1.3
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Like +1 Object -1 Curious Cat 11 Sep 15, 07:50
Thank you very much for your detailed response.
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41.1.1.4
Like +7 Object -0 Guest 11 Sep 15, 10:11  interesting
I would agree with all of what you have said except the 'deep down good human being' bit. Since you clearly know him well, you should know that close to a dozen juniors have left the firm because of him. That's not the sign of a good leader or a good human being. Maybe deep deep deep deep down he is a good human being?
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41.1.1.4...
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Like +1 Object -1 PYASA 11 Sep 15, 11:57
Sam will pander to him till he believes he has sucked him dry and put him out to graze the grass till he leaves after being frustated. Remember Himanshu?
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41.1.1.4...
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Like +5 Object -4 Curious Cat 11 Sep 15, 11:58
I think a lot of people leave because they can't handle people asking for a rigorous work product. It's much easier to be a bum, do rubbish work (which the client is not competent to spot or challenge) and continue drawing your salary. Particularly since law firms no longer care about quality anymore (except in terms of paying lip service to the concept).
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41.1.1.4...
Like +23 Object -2 John 12 Sep 15, 12:48  interesting  top rated
You can get quality work without being a bully. If you rely on getting quality work by being a bully, you aren't a leader, you are a slave driver. I don't disagree that there is a lot of crap work floating around in the law firm ecosystem. But that's because there is no training. There are people in large law firms who are unable to even draft coherent emails. The foreign training contract system is a distinct advantage of working abroad. There are people with exceptional intelligence in law firms, who are able to learn on the job. But it is unfair to expect everyone to develop with the little support that the partnership provides. On top of that, disrespecting your juniors for any reason, speaks volumes. There are certain environments in which such personalities thrive, big law firms being one of them. But lauding those values as something to aspire to, shows something deeply wrong in the way the entire profession functions. There is no reason to mollycoddle your juniors, but there is no reason to treat them like crap either. And juniors who look up to the arrogance or alpha dog paradigm in law firms just perpetuate these stupid systems that make law one of the most depressing professions that there is. The job is stressful enough as it is, without having your colleagues getting off on making your life miserable as some sort of misguided hazing ritual.
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41.1.1.4...
Like +5 Object -1 Curious Cat 12 Sep 15, 13:43
I'm afraid I don't agree with you. I'm not saying you should bully people or treat them like crap. That goes without saying. But performing in a law firm requires a certain standard of work output. It is not for everyone. And I feel there is a serious intrinsic quality problem in the people being hired by law firms these days. And it's only getting worse.
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41.1.1.4...
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Like +0 Object -0 flush the john 12 Sep 15, 18:35
there are 2 types of people - those who complain and those you make the best of the situation and move on. decide which one you are and quit if you must. No values in a law firm are laudable. Everyone is there to make their kicks before the shit hits the ceiling. If you think you are being treated like crap, turn around and tell them to their face and quit. Nothing is holding you back apart from you love for the easy money.
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41.1.1.4...
Like +7 Object -0 numbersgame 11 Sep 15, 11:59  interesting
over 500 people have come and gone since azb was formed. The numbers are higher in erstwhile AMSS and others. That is an inherent issue with the system. True on a micro level shuva's ego has been the reason some really good talent left azb. Its definitely not a sign of a good leader. What makes a good human being is still debatable. But yes, we could agree that a few extra 'deeps' would accurately reflect the depth. Or maybe it doesnt even exist. No one really gives a hoot
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41.1.1.5
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Like +2 Object -9 pcsarcar 11 Sep 15, 16:56
shuva is a communist. he wanted his more money to be given to associates and he was shown the door
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42
Like +13 Object -2 Dewey.... 10 Sep 15, 13:43  interesting
There once was a firm called Dewey who went out hiring stars... anyone knows the story... only time will tell...
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43
Like +32 Object -1 Zia 10 Sep 15, 14:35  interesting  top rated
Ja beta, jee le apni zindagi!
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44
Like +21 Object -7 Lawyer 10 Sep 15, 14:45  interesting  top rated  controversial
well....its not surprising to see this sorry state of affairs at AZB....it was long time coming....Zia thinks no end of herself .....she might be a good lawyer but she is not a peoples person....she only talks but can never walk the talk...
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44.1
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Like +2 Object -0 walker 11 Sep 15, 16:52
what a load of rot. whether zia walks is unimportant. This is the commercial world. money talks and you are just upset that you havent been offered more than what you are getting. And that is obviously more than you are worth
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45
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Like +3 Object -0 More? 10 Sep 15, 15:37
Are the rumors about [...] joining SAM also true?
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46
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Like +2 Object -1 More? 10 Sep 15, 15:42
Also what about the rumor of the movements at Trilegal? Kian any idea?
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46.1
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Like +1 Object -1 S-C-AM 10 Sep 15, 16:24
Heard SAM is looking at AT&T.. KIAN will not confirm ofcourse.. This so called sabbatical is SAM categorical..
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47
Like +15 Object -1 just view 10 Sep 15, 18:07  interesting  top rated
Truth be told...there is only one Zia and one Cyril. For them to create multiple Shuva's, Ashwath's and LV's is not difficult. But for the latter to attain a zia-cyril status is a distant dream. With the old crop out and new bunch will be trained to take over. No one is indispensable. Also companies may give work to the star performers but their reliance on a zia and cyril is not going to disappear
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47.1
Like +9 Object -2 Guest 10 Sep 15, 19:41  interesting
Why will a Reliance or a Star pay Zia hourly rates and get a Bhavi, when Shuva will give them personal attention (again) at possibly 80% the price?
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47.1.1
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Like +3 Object -1 flawed 10 Sep 15, 21:53
you are assuming that a 20% price reduction is the only thing which matters to a reliance or a star
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48
Like +4 Object -0 Guest 10 Sep 15, 18:18
Kian any idea why Zia chooses to give a byte to barandbench and not you?
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48.1
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Like +1 Object -5 kianganz 10 Sep 15, 18:31
We didn't ask Zia for a comment on this story since we already had a comment from Bahram.

Besides, they both pretty much say the same thing no?

What were you suspecting the reason was? :)
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49
Like +20 Object -0 Sam structure 10 Sep 15, 19:04  interesting  top rated
If Shuva is national practice head for MnA, then what is Gunjan's role? Does she report to him for her deals?
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49.1
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Like +4 Object -1 Haha 11 Sep 15, 02:21
She's also his senior from Law School, methinks.
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49.1.1
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Like +3 Object -0 guest 11 Sep 15, 11:59
three solid years
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50
Like +9 Object -1 Sor 10 Sep 15, 22:48  interesting
Bhai koi Firm marta nahi bas Associate & Partners badal jate hai! If Zia can make one Shuva to dusra bhi paida ho jaiga AZB House me...
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50.1
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Like +3 Object -6 Sore 11 Sep 15, 00:57
It took Zia a decade to make Shuva. In today's whatsapp world who has ten years? No Shuva successor in sight. AZB is doomed.
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50.2
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Like +1 Object -0 guest 11 Sep 15, 12:02
Hey what happened to the no poaching understanding ?
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51
Like +11 Object -0 Question 11 Sep 15, 00:32  interesting
Akshay does M+A. Will he report to Shuva as Shuva is national head of M+A?
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51.1
Like +17 Object -1 Matrix 11 Sep 15, 12:13  interesting  top rated
This is a classic "Matrix Structure".

Shuva heads National M&A. Akshay does M&A work. Therefore, Akshay reports to Shuva.

Akshay heads Mumbai office. Shuva works at Mumbai office. Therefore, Shuva reports to Akshay.

Welcome to the Matrix :-) Do you think that's air you are breathing? ;-)
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51.1.1
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Like +0 Object -0 ghosts 11 Sep 15, 16:48
wrong. both are akin to ghosts in the matrix
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52
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Like +1 Object -8 Guest 11 Sep 15, 09:38
Can SAM really help RIL in accessing the international debt markets via SEC Rule 144A . You need capital markets lawyer for that like Varun
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52.1
Like +8 Object -2 Guestoverstayingwelcome 11 Sep 15, 16:43  interesting
Redundant comment. [...] His time is over. Anyone can help RIL access the international debt market under whatever provision you want to quote. 1. Does RIL even wants to do that. 2. Do you think the lawyer makes the different? If you do then you seriouly need a reality check on the role of law firms is
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52.1.1
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Like +2 Object -4 RIL 12 Sep 15, 12:55
You clearly know nothing about the current happenings in the foreign bond market. Yes; RIL does want that. They have been consistently raising money from international capital markets (see Formosa or US denominated bonds) and structuring a foreign bond deal is complex and a very niche art. Private Equity and M&A are not the only complex practice areas, my dear 2nd year corporate lawyer. Continue doing diligences and maybe one day you'll come across some foreign bond documents and run around trying to understand them. Varoon has already led two landmark RIL foreign bond issues and in such cases, yes the lawyer makes a difference. Not everyone can do it, not even [...]. [...]
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52.1.1.1
Like +14 Object -0 RILED 12 Sep 15, 18:43  interesting  top rated
Dear 3rd year corporate lawyer, you have what it takes to survive in the big law. Your ability to bullshit with confidence is truly outstanding. You are partner material. My only hope is that I excel at formatting due diligence tables like you so that I can also have such a vast depth of understanding of the international capital markets. And to get down to the real point, go get your head checked please. The selection of the lawyer has no bearing on a business decision. If not x, then y, and if not y then z.
ps: I passed out of law school before you even hit puberty. Grow up and get rid of the attitude if you want to survive
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52.1.1.1...
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Like +0 Object -1 RIL 14 Sep 15, 08:57
Bullshit? With all due respect to you, super senior lawyer who passed out before I hit puberty, did I say anything that was factually incorrect? Did I not correctly point out that RIL has indeed accessed international capital markets (which you were not even aware of) and plans to do in the future? Did I not correctly point out that Varoon has done 2 such landmark deals (and more for clients other than RIL, which I did not name)? Is it not true that it is in fact a niche practice area that not everyone is well versed with?Where exactly is the "bullshit"? Please do enlighten us with your infinite wisdom through many many years of practice.
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52.1.1.2
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Like +0 Object -0 RIL 12 Sep 15, 19:40
Haha Kian / Prachi. I laud your astute editorial skills.
The name that I called a certain someone is something he is commonly known by and its already posted uncensored on the article about Kalpana leaving. See Comment #6.
The second part of what has been censored was admittedly rude; I really thought it worded well enough to be pass through. Alas.
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52.1.1.2...
Like +7 Object -0 scooterette 14 Sep 15, 11:54  interesting
RILED is right - it really does not matter who the DLC on the transaction is - the documentation is done by the ILC and the DLC just gives a capacity opinion - it is no rocket science - in all cross border transactions - the role of the DLC is the least in these kind of transactions.
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53
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Like +6 Object -3 Deluded Lawyer 11 Sep 15, 17:28
Damn.... i thought I was M&A Head. There seems to be some confusion.
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53.1
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Like +0 Object -0 Avocado-at-law 15 Sep 15, 14:18
it would be hilarious if AC posted this.
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54
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Like +2 Object -0 sort comments chronologically 12 Sep 15, 00:02
Kian and Co, this is too important a news to feature this low on the page. Is it possible to bump this one a bit?
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55
Like +23 Object -8 Reality Bytes 12 Sep 15, 02:40  interesting  top rated  controversial
This is incredible. Over 131 comments about one guy moving from one corporate firm to another. Its not like India won the Football World Cup. LI has loads of actual law stories (read: litigation) in which there is no interest, but these xeroxwallahs get reams of attention. I mean seriously, after 15 years, who could possibly NOT have become an M&A expert? It isnt Constitutional law for god's sake!
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55.1
Like +8 Object -2 Matrix 12 Sep 15, 08:43  interesting
Technology-wise, usefulness-wise and efficiency-wise, Xerox is universally acknowledged as being far more advanced than cyclostyle. That's why Xerox has a lot more acceptance and adoption today than cyclostyle. Therefore, it is only natural for Xeroxwallahs to get a lot more attention than cyclostyle-wallahs ;-)

Modernization needs a change in mindset. Go buy yourself a Xerox machine.......or go get your work done from a good xeroxwallah near you :-)
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56
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Like +5 Object -3 Sai 12 Sep 15, 12:32
The role of a M&A head doesn't necessarily mean that senior partners need to report to the head. It means the practice-head is responsible to grow that practice of the firm and to oversee that its heading the right direction. It doesn't mean that the M&A head will start interfering in other partner's deals. It means that person is given the additional task of overseeing that as a firm all the checklists are covered for that practice.
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56.1
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Like +3 Object -0 Nice try ???? 13 Sep 15, 15:00
A practice group head means a hierarchy - everyone in the group is aligned accordingly. You can create several seniors but the final saying a practice group is that of the head
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56.1.1
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Like +3 Object -4 Not really 13 Sep 15, 20:14
So Ritu Bhalla is litigation practice group head, Pallavi Shroff is the managing partner and a litigation partner... does that mean that Ritu Bhalla outranks Pallavi Shroff--probably not.

The practice group head designation is more strategic and administrative. A practice group head does not oversee other partners in their execution of deals, that would be silly.
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56.1.1.1
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Like +3 Object -0 Daffodil 14 Sep 15, 09:52
RB is not litigation practice head
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57
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Like +0 Object -0 curious 13 Sep 15, 19:48
Gunjan and Shuva are from Law School. What about the others?
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57.1
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Like +0 Object -0 curious indeed 19 Sep 15, 19:53
And that's relevant because it is the only way current slackers like you can make it to their teams!! Stop smoking get working.
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58
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Like +1 Object -0 ceo 14 Sep 15, 00:05
Kian, why have you put this news so down the order ??? Don't get carried away by high principles, articles that have impact on society and judiciary etc etc.. You know better what drives the traffic.. There is a difference between the Times of India and the Hindu.. Anyways, it is left to you as to what you wanna be..
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58.1
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Like +1 Object -0 kianganz 14 Sep 15, 00:45
Our order is chronological... Should we bump it further up the page?

I think nearly everyone who's interested in the news must have read it by now, no?
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59
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Like +1 Object -0 ceo 14 Sep 15, 02:45
You can reflect this in your coloured headlines in the beginning of your page rite.. I can see Kalpana's news in the coloured headlines but not this news piece.. N that coloured headlines aren't arranged chronologically as the first news piece is "how much Delhi lawyers earn". This is like Sheena murder case.. Many will be interested to read or comment.. Your other news articles up the order are like one rank one pension news.. Though important but not many will be interested..
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59.1
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Like +0 Object -0 kianganz 14 Sep 15, 03:02
Hmm, the big picture "editor's picks" showcase articles at the top of the homepage are chronological, except for the very first large image (how much Delhi lawyers earn), which is not chronological.

If you visit on mobile, you'll only see 4 or 5 top editors picks.

If you visit on desktop, however, and you're a regular visitor, you'll only see 5 editors picks stories, which you can expand by clicking on the "click for more editor's picks" link at the bottom of the box, in which case you'll see another 5 stories.

If you haven't visited LI for a few days, however, you should see 10 editors picks, all at the top, without clicking (unless you're on mobile).
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59.1.1
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Like +0 Object -0 Sad 14 Sep 15, 10:20
I don't think I'll ever see 10 editors picks then :-)
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60
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Like +0 Object -0 ceo 14 Sep 15, 03:03
Also, please write a bit more on such news articles.. Almost, the same info, I found it on vcc circle.. When readers visit your site, they expect more.. That rumour part is great.. A bit about when he joined and when he was made a partner.. Whether he was equity or salaried partner.. Any highs or lows that you are aware of.. Extra toppings will be great in such curiosity driven stories.
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61
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Like +0 Object -0 ceo 14 Sep 15, 03:12
I use mobile.. I can see Kalpana's news in one of the the 4 editorial picks but not this news!!! There must be a reason why there are 150 comments on this news piece.. Many can't figure out the reason just by reading your article..
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62
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Like +0 Object -0 ceo 14 Sep 15, 03:17
I am sorry, I can't suppress the urge to dole out free advice.. Maybe, your ideas click better..
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63
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Like +0 Object -0 ceo 14 Sep 15, 03:40
The love for LI comes from the fact that your website doesn't charge.. I want you to do well and monetize better.. You like it or not, free advice will reach to you whenever I see something lacking..
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63.1
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Like +0 Object -0 kianganz 14 Sep 15, 03:52
Thanks, appreciated! :)
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64
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Like +2 Object -0 backtoschool 23 Sep 15, 22:41
'regional managing partner' for akshay and 'national practice head-M&A' for shuva. these titles and designations seem so meaningless and redundant. let's start distinguishing ourselves by the quality of our work rather than meaningless titles.
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