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Shardul Amarchand in talks with JSA senior Mumbai partner Akshay Chudasama, nothing signed yet

Chudasama: TalkingChudasama: Talking

Shardul Amarchand Mangaldas is in advanced discussions with senior J Sagar Associates (JSA) Mumbai partner Akshay Chudasama to head its Mumbai office but nothing concrete has been signed or agreed between the parties according to several authoritative sources.

It is understood that no internal announcement has been made within JSA and that discussions between Shardul Amarchand and Chudasama are ongoing.

Chudasama declined to comment when contacted.

Bar & Bench has first reported several minutes ago that that “SAM & Co bags JSA biggie: Akshay Chudasama + Team” and that Chudasama was “all set to join Shardul Amarchand Mangaldas in Mumbai, according to authoritative sources”.

Legally India authoritatively understands that this is incorrect as talks are still ongoing and not finalised, though they may end up being successful.

We have reached out to JSA for comment.

Chudasama has been a partner at JSA since 2005, having joined from AZB & Partners where he was a partner from 2002.

He was the managing partner of Lex Inde in Mumbai from 1994 until 2002 and holds an undergraduate in economics from the University of Bombay and a 1994 LLB from the London School of Economics.

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1
Like +6 Object -2 mad max 19 May 15, 20:47
Wow! This is big for Sam!
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2
Like +16 Object -11 Game 19 May 15, 20:53  interesting  controversial
Game Set Match Shardul Suresh Shroff
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3
Like +25 Object -13 Anon 19 May 15, 20:54  interesting  top rated  controversial
It's either Akshay is suicidal or its a lot of money . A lottttt
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3.1
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Like +2 Object -2 Guest 20 May 15, 14:28
Obviously it's the latter.
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3.1.1
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Like +0 Object -0 Haha 21 May 15, 13:51
Haha
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4
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Like +17 Object -21 Done 19 May 15, 21:18  controversial
CAM and Khaitan will be on top - no 1 and 2, in that order. I am more convinced than ever.

This will completely change the internal dynamics of JSA as well. And LOL on the Khaitan partners who joined SAM in Mumbai. With Akshay, they will be pushed to the sideline.
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4.1
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Like +0 Object -0 Sideline 20 May 15, 10:32
Seems like Akshay only does corporate, why will it affect the other partners?
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5
Like +16 Object -4 Beginning of the end 19 May 15, 21:31  interesting  top rated
With a number of other "senior" partners waiting in the wings for an opportune moment to jump ship, this could be the beginning of the end for JSA. For all the talk of meritocracy, sharing equity etc, when people see the colour of (more) money, they will jump ship. Post Jyoti and Berjis, quite tough to see anyone commanding the respect of the whole firm and those who are unlikely to be around the high table will jump ship in pursuit of the moolah. Hate to say it, but JSA is going to see some very difficult times.
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6
Like +8 Object -3 Anonymous 19 May 15, 21:34  interesting
Akshay will now poach from azb and other Jsa folks. Som shall be king . Sam Mumbai will be totally independent of Sam delhi
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7
Like +23 Object -13 No jyoti no sagar 19 May 15, 21:46  interesting  controversial
JSA is finished. After akshay's exit it should be called Somasekhar sundaresan and associates.
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8
Like +32 Object -1 Crayon 19 May 15, 22:14  interesting  top rated
Any justification for reporting this before the move is finalised? People are involved here, and this reporting may have a bad effect on their relations within their firm.
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8.1
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Like +13 Object -52 kianganz 19 May 15, 22:30  troll?  controversial
I agree, would have vastly preferred not to have reported this until the deal was done and an internal announcement was made.

Unfortunately, B&B reported it and at that point since the damage was already done, so to speak, there was no additional harm in reporting what we knew already...

We try our best to avoid these kind of situations but sometimes our hand is forced.
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8.1.1
Like +25 Object -2 really ? 19 May 15, 22:43  interesting  top rated
Kian few weeks ago you had posted some statistics to prove your assertion that far more ppl visited and read LI than BB. If that is true how can you say there is *no additional damage* done if you report this news! Also why must you blindly copy BB and what it does - if it doesn't add value for your site !?!
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8.1.1.1
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Like +17 Object -28 kianganz 19 May 15, 23:13  controversial
1. Don't be ridiculous. The main ones affected by the news are Chudasama himself and the Jsa partnership (and clients to a lesser extent).

Within JSA, you can be guaranteed that news like this would spread like wildfire even if it were published in Vogue.

2. If you read the story, you may note that we did not blindly copy but published the version of the story that is far more accurate, according to my understanding.

Best wishes
Kian
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8.1.2
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Like +3 Object -0 crayon 19 May 15, 23:20
Thanks for the response, Kian. Appreciated.
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8.1.2.2
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Like +0 Object -1 kianganz 20 May 15, 03:48
Pleasure, nice talking to you! :)
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8.1.2.2...
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Like +1 Object -0 Guest 20 May 15, 14:29
Awww!
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8.1.3
Like +10 Object -2 gulabjamun 20 May 15, 10:46  interesting
If you agree conceptually, you should have made a principle stand and not write about this. Maybe BnB will learn! When you say the damage was done by BnB writing about it, the same people will not be interested in reading the same information on LI. By writing here, you are disseminating it to more people. So you cant wash your hands completely of any moral obligation of effing up.
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8.1.3.3
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Like +11 Object -21 kianganz 20 May 15, 11:10  controversial
I disagree and think we can wash our hands of moral obligation completely here.

1. Once anyone reported this, it became a reality within JSA that Chudasama and the partnership had to deal with in one way or another. The brunt of the damage was done the second they hit publish, tweet it or Google alerts pick it up.

The only options available to Chudasama internally would have been to deny completely, clarify or confirm that story to the other partners. The first is not really an option in a partnership such as JSA.

2. We would have added to the damage by misreporting it; by clarifying that currently it is only talks in advanced stages, arguably the damage is being reduced and internal discussions at JSA at least have a bedrock of facts, rather than Chudasama having to deny the B&B report which stated he had already signed up to SAM (without telling his partners).

Us not reporting on it would be like us sticking our head in the sand that wouldn't have made the situation any better, and arguably worse for everyone involved.

This isn't the first time we have such a situation - I'd say that we were aware of at least 80% of the B&B Amarchand 'exclusives' of the last 6 months before they were published but we slow played the stories due to sensitivities involved or at the request of the subjects.

In nearly every controversial and 'unnamed sources' partner move story we try to give the person time to respond and at least make them aware of what and when we are publishing and give them the opportunity to object. Usually we speak to the partner involved on the phone.

I don't think our competition does that necessarily, which can speed things up but lead to situations such as this one.
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8.1.3.3...
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Like +0 Object -0 gulabjamun 20 May 15, 14:27
Im glad you are considerate where you are. And ill give you a thumbs up for it.

However, dont get the logic of ".... and arguably worse for everyone involved. "
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8.1.3.3...
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Like +6 Object -14 kianganz 20 May 15, 14:40  controversial
Thanks!

Let me explain, hypothetically. Senior partner X talks to SAM while still partner at democratic firm ABC.

X has not told ABC about these talks, since they're not finalised yet and it'd be a pretty massive deal to the entire partnership.

Publication F publishes, saying his move is a done deal. ABC jumps on X's head, as do clients, saying, 'how dare you sign up with SAM without even telling us, your co-partners and clients???'

Scenario 1) If LI didn't publish anything, X would have to tell angry clients and partners: 'Honestly, please believe me, F made a mistake it, I am still just talking to SAM. Shouldn't I be allowed to talk and examine options? You'd have been the first to know if I was about to sign something. And look, LI didn't report it, so it can't be true, no?'

Doesn't sound very convincing.

Scenario 2.) If LI published, at least X can say: 'Look, I'm sorry I didn't tell you but we were just talking very seriously - look at LI has the correct report. I really hope the discussions work out with SAM and you'll be the first to know.'

First option sounds much worse for everyone involved (other than SAM, possibly).
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8.1.3.3...
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Like +2 Object -0 Gulabjamun 21 May 15, 13:16
Impressed how you think so much about everyone
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8.1.3.3...
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Like +2 Object -1 kianganz 21 May 15, 13:22
Hehe, thanks - after years of experience of dealing with partners, law firms and clients, some of whom can be very prickly or emotional, you learn a thing or two how things work and how people think ;)

Also, you can't survive in this market for 6 years if you don't do this kind of basic journalism by the book...
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8.1.4
Like +10 Object -3 Well said Kia 20 May 15, 11:51  interesting
He is a reporter, who gets blamed for not quickly reporting when Bar and Bench does and also when He quickly reports when Bar and Bench does. Hmmm, I don't think I want your job Kian.
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8.1.4.4
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Like +1 Object -2 gulabjamun 20 May 15, 14:29
My objection was not to the reporting. Feel free to report. Thats your job. However, the justification given in 8.1.1.1 to 8.1.1 didnt make sense to me. Objection was to the logic, not reporting.
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8.1.5
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Like +2 Object -1 Sagar 21 May 15, 09:44
Quoting kianganz:
I agree, would have vastly preferred not to have reported this until the deal was done and an internal announcement was made.

Unfortunately, B&B reported it and at that point since the damage was already done, so to speak, there was no additional harm in reporting what we knew already...

We try our best to avoid these kind of situations but sometimes our hand is forced.



Haha! LI has marked Kian's comment as a troll!
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8.1.5.5
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Like +5 Object -7 kianganz 21 May 15, 09:56  controversial
I suspect there's a coterie of trolls and B&B supporters systematically downvoting me, judging by the pretty nasty, aggressive and abusive personal comments against me I haven't published. :)

Cheer up guys, it's just comments...
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8.1.5.5...
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Like +0 Object -0 Haha 21 May 15, 22:59
Yet you are so affected. What is that saying..if you feed a snake..
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8.1.5.5...
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Like +3 Object -0 Amused 22 May 15, 11:47
Kian - If B&B had so many supporters, B&B articles would have had more comments. As a neutral observer who has seen LI and B&B grow over last few years, I get a feeling that of late B&B has been doing better and that is getting into your skin, resulting in some reckless LI articles. Please introspect whether you have been trying too hard to beat them :)
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8.1.6
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Like +0 Object -0 Guest 21 May 15, 18:50
Lol. LI says Kian may be a troll. LMAO.
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9
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Like +1 Object -0 Brigand 19 May 15, 22:22
Who else is part of his team? Other partners?
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10
Like +4 Object -0 Insider 19 May 15, 22:44
More than a Win for CAM it's a loss for JSA
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11
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Like +4 Object -1 Guest 19 May 15, 23:01
Akshay's team-
Partner- Ashoo Gupta, Nandni Mehta, Manisha Kumar, Jamshed Bhoomgara, Mithun Thanks, Ashni Rao and Gaurav Singhi
Some 7 senior associates and 10 associates.
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11.1
Like +15 Object -1 Lag gayi 19 May 15, 23:22  interesting  top rated
From wht i know Akshay was making around 3.5 cr in JSA, must be a jump to 6 cr in SAM
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11.1.1
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Like +1 Object -0 Johnny 20 May 15, 17:00
That seems rather low. Partners of a similar vintage in smaller firms are pulling in 6-7.
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11.1.2
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Like +1 Object -0 Gulabjamun 21 May 15, 13:17
you his CA?
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12
Like +8 Object -1 Coup 19 May 15, 23:31  interesting
No disrespect to others taken on board, but this is a real coup for SAM If this comes to be true. Power deal - market dynamic changing news. Wow.
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13
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Like +0 Object -0 Googly 19 May 15, 23:58
Kian any idea who are the other JSA partners who are joining SAM?
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14
Like +6 Object -1 Jon Snow 19 May 15, 23:59  interesting
Uncle SAM is watching you.
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15
Like +6 Object -2 Jhakaas 20 May 15, 00:01
JSA was becoming more and more commie with partners who didn't pull their weight (senior and junior) taking away large portions of the pie. If you don't reward merit and you keep the difference in profit shares minimal irrespective of who brings in the bacon, what do you expect?
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16
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Like +2 Object -1 Rajesh 20 May 15, 00:12
Looks like you are not publishing my comments that criticizes LI. Learn to take criticism!
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16.1
Like +9 Object -5 kianganz 20 May 15, 00:16  controversial
There you go, have published one of your 14 or so rants against LI. Happy? :)
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16.1.1
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Like +2 Object -1 gulabjamun 20 May 15, 14:30
Get a beer bro. Blow off some steam. Bad mood today?
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17
Like +14 Object -1 Winter is Coming! 20 May 15, 00:17  interesting  top rated
My two bit. Akshay was among the top 5-6 partners of JSA. Big rain maker and his team likes him. JSA has its restrictions in pay structure, which generally doesn't pay lot more to a top performer. Not much difference in people's pay at same designation in JSA. Most of the senior equity partner in JSA make same amount of money in JSA and not ideal for a rainmaker like Akshay. Akshay is a good lawyer and great law firm partner who built a team but not a legal luminary like Som. He would have been one of the senior partner in JSA and in SAM he is Mumbai managing partner. Great deal for him and big hole for JSA in M&A practice. Lets see how JSA responds, a lot to think for them if they want to remain in top 4-5.
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18
Like +8 Object -3 Jiten 20 May 15, 01:09  interesting
RIP CAM!
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18.1
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Like +2 Object -0 Gulabjamun 21 May 15, 13:18
Akshay v. Cyril in Bombay. No threat.
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19
Like +15 Object -4 xyz 20 May 15, 01:52  interesting
SAM couldn't have got a better deal thn this in mumbai. SAM is really at the top of the game whereas CAM is busy gathering numbers n sending emails claiming himself to be number 1. Actions speak louder thn words!
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19.1
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Like +4 Object -2 Reena 20 May 15, 10:23
looks like RSG pulled the trigger too quickly, no doubt influenced by CAM's riff raff hiring
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20
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Like +4 Object -2 meera 20 May 15, 01:54
God bless CAM now!
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21
Like +18 Object -4 salute 20 May 15, 02:05  interesting  top rated
Shardul is the man! This is incredible. No wonder the father wanted shardul to set up n run delhi office!
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22
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Like +1 Object -1 scam 20 May 15, 02:06
I think SAM shd now poach the few good lawyers that are there in CAM.
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23
Like +11 Object -1 CEO 20 May 15, 02:35  interesting
Giving credit or reference to bar & bench is becoming a normal affair in li. Either you need to stop it or start publishing accurate info before they do or independently without this reference business. It can only spell doom to Li or give additional publicity to bar n bench. Every reader who reads this article will go n visit bar n bench. If you keep on doing this (unintentional) publicity to bar n bench, you are driving more readers to bnb. N this is not good for li as bnb is better from web design n layout perspective. N they maintain same stds in all the articles. N you n I both know, both websites are running because of the law firm stories, especially lateral hires n some gossip. N only the early bird will make the killing in these stories. N bnb's paywall doesn't make any difference as most of them would have read it for free on bnb by the time such law firm stories reach pay wall. You being free will not have any edge in such stories as it would have lost its life. So you can't think and ride free wheel as it has lost its thread by then. Even if you don't publish this comment, I am okay with it.. But stop this reference business.. If you are so inclined to continue this at least make it a generic name like online legal journ website or media reference.
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23.1
Like +9 Object -3 kianganz 20 May 15, 03:42  interesting
Thanks for your feedback, which seems well intentioned. I agree we could just give credit to anonymous legal titles or not at all, as they usually don't, but I think it would be dishonest and our readers are too intelligent for us to pretend we are the only website out there and live in a bubble. And other publications I respect have similar policies: Mint, NYT, the Guardian, etc.

Please allow me to blow LI's trumpet briefly and explain what we are about.

I am happy and take a certain pride in our editorial output and the quality of our articles, particularly in the law firm field in which, it is no exaggeration to say, we've pioneered, consistently led on, and have more authority in than anyone else. Our archives are second to none on pretty much every law firm while our features and analysis explore complex issues, data or areas I've not seen any other publication even try to cover. Do a search on SSRN or other academic databases for mentions of LI for instance or on Wikipedia. Or check out coverage such as:
www.legallyindia.com/tag/liberalisation
www.legallyindia.com/tag/bar-exam
www.legallyindia.com/tag/shroff-vs-shroff
www.legallyindia.com/tag/law-firm-management
Or many more

Our first priority is providing an honest, accurate and useful publication for our readers that provides a holistic picture of the legal market. If in the process we drive some traffic to our competitors, so be it, I don't really mind.

And I think that our traffic growth and overall reader feedback has been supporting our approach (we hit 198,000 unique visitors per month last week or so - thank you all! :)

To those who like and understand what we do, I don't mind if you read other publications and we're forced to prove to you every day from scratch that our coverage is Better and we're worth coming back to - it is the Internet after all and everything is just a click away.

And if on stories like this, where in my opinion B&B jumped the gun, got it wrong and reported what should have waited, I and I'm sure most readers don't mind if we exercise restraint and *not* publish immediately, lose one 'scoop' and publish 10 minutes after they do.

Anyway, completely off topic but thought I would use this opportunity to explain sanctimoniously what I want LI to be and why we do things the way we do.

Best wishes
Kian
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23.1.1
Like +25 Object -4 Newbie 20 May 15, 10:01  interesting  top rated
I've been reading for 5 years but have never commented but just want to say that I and everyone I know loves LI and I don't bother visiting any other sites.

Please keep it up and don't listen to the trolls!
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23.1.1.1
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Like +3 Object -3 Golden army 20 May 15, 11:28
I think B&B employs a professional army of trolls that spend all day reading LI and trolling Kian. Please stop publishing them, they're getting boring.

I read both but I honestly can't think of a single important exclusive story they have ever done, correct me if I'm wrong, whereas with LI I could list dozens.
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23.1.1.2
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Like +0 Object -2 kianganz 20 May 15, 14:46
Thanks - we'll consider publishing fewer of the trolls, though I feel that some of them have genuine pain and sadness in their lives and it makes them happy to be reasoned with, even when they're unreasonable...
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23.1.2
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Like +0 Object -0 Maoist 20 May 15, 14:31
Kian is pro-liberalisation. Outrage!
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23.1.3
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Like +0 Object -0 gulabjamun 20 May 15, 14:36
Dude! You remind of of Will MCAvoy from Newsroom!
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23.1.3.3
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Like +1 Object -1 kianganz 20 May 15, 14:42
Um, I think that's a bad thing, particularly since the first few episodes were ok and then the series spiralled downhill pretty quickly... Plus, Will (i.e. Sorkin) an annoying know-it-all asswipe most of the time. But at least he (i.e. Sorkin) has some right ideas about journalism :)
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23.1.3.3...
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Like +0 Object -0 Gulabjamun 21 May 15, 13:20
hence the reference
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24
Like +14 Object -6 Industry expert 20 May 15, 07:18  interesting  controversial
Akshay is a ego hire. At three times the cost of what he was getting or deserved . It may be a coup for Sam but its totally unsustainable. . Giving Akshay regional mp Position also shuts out any other star. And a lot of people who don't like him won't join Sam despite more money. . So Sam has hitched his wagon solely to the Akshay engine in Mumbai. . Akshay is good but not amongst the top ten lawyers in Mumbai . So not sure this is actually a smart move. Semi stars who act like prima donnas actually cause more damage than good . And the real bite would come when Sam has to increase delhi salaries in line with the crazy numbers he offering in Mumbai just to keep up with his brother. Remember Dewey ? Sam is behaving like the future number 4 firm that is pretending to be number 1 . The times article predicts that Sam will be number 2 . Nobody in the market believes that azb or others Will let go the number 2 and 3 slit to Sam . So sadly for Sam they will be number 4 or below is the prognosis.
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24.1
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Like +3 Object -4 Paisa 20 May 15, 10:03
He gets business!! he can hire "industry experts" like you to do the work. His team must be on top on billing or 2nd after Som. So i dont know how you feel its a bad move.

CAM may have hired 30 people, but not even 1 is a rain maker or good enough to compete with this move.
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24.2
Like +12 Object -2 Sam-sung 20 May 15, 10:08  interesting
Not sure about whether this hire will materialise and whether it will make sense. However, it clearly stands head and shoulders above CAMs tier three hires. The fact that the SAM family is willing to project a non- family member as an MP also speaks volumes of their intent - unlike CAM MP who believes that one strong leader can do it all.
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24.2.1
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Like +3 Object -1 Chuda-SAMa 21 May 15, 13:21
how dare you say he is one man show? Now chotu is also partner!
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25
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Like +0 Object -1 mmmm 20 May 15, 11:26
what a catch!!!
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26
Like +8 Object -2 interesting 20 May 15, 11:36  interesting
one could expect to see some more action in JSA Mumbai and to some extent in Bangalore as well. Delhi will remain unaffected by and large. Sad to see JSA crumbling which is inevitable after the Jyoti-Berjis era. The reckless promotions to equity and salaried partnership without regard to the quality of the lawyers or their ability to build practices will inevitably dilute the equity of those who have been accustomed to fat pay cheques for quite some time now. With apologies for the blunt speak, the [...] clique in Mumbai will drive others to look for opportunities elsewhere. Tensions between Mumbai and Delhi and within each of these offices and an overall lack of quality in potential Managing Partners for the future do not bode well for JSA. A number of partners may have shouted from the rooftops about the need for Indian law firms to outgrow the family-driven model but promise them some more money and they will happily sing a new tune. Lots of hard thinking for JSA to do and yes, they need some hands-on and quality management and leadership now.
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27
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Like +2 Object -1 Err 20 May 15, 11:48
For your information, LI published this earlier this week - www.legallyindia.com/Law-firms/cyril-amarchand-finance-pa-noojie-manisha-shroff-joins-khaitan-co-as-partner. As you may have notices, it is published as being according to 'authoritative sources' much like the BB report that you are now choosing to trash based on some newly found (I assume) moral principle. How do you reconcile this report with your new stand?

See this for more examples of what you now consider unacceptable journalistic practices www.legallyindia.com/Law-firms/phoenix-boosts-delhi-disputes-hires-ksp-partner-debarshi-dutta-plus-2

Look, LI is vastly more entertaining than BB is (at least for the moment) and you seemt o attract a far larger audience than BB does - but ranting about how you didnt publish a story that you knew about before BB because of some odd moral reason just makes you seem like a sore loser. Let it be - you win some, you lose some.

Also, as an aside, now that you are moderating a large number of comments, when casual visitors like me come on to your site, it almost seems like you only publish positive comments. In fairness, I think that the more aggressive moderation has improved LI, but you might be better served not leaving a reference to the fact that a comment has been moderated / not published on the site.

Just my two pennies - feel free to ignore.
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27.1
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Like +1 Object -0 Lawman 20 May 15, 13:00
Thanks for the last line.

I hereby ignore you without guilt
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27.2
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Like +1 Object -0 kianganz 20 May 15, 13:02
Appreciate your comment, but not sure what your point is.

Manisha Shroff leaving was confirmed by Cyril Amarchand and we had let her know we're running a story. Her joining Khaitan was confirmed by two authoritative sources.

The Phoenix story was confirmed by an authoritative Phoenix source and another, they had already joined several weeks ago and we reached out to KSP for comment several days before publishing.

Happy to explain our sourcing requirements more thoroughly, but when we say 'authoritative sources' it means at least two independent sources who know what they are talking about have confirmed it but can not go on the record for a variety of reasons...
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28
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Like +10 Object -23 Sagar 20 May 15, 12:03  controversial
It's unfortunate to see JSA's collapse like this. They were the really few ones who were relatively more transparent (at least at the associate level). The firm also had really low attrition.

I think this was bound to happen if a firm prefers non NLU freshers / laterals like from amity, ILS, symbi and GLC.
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28.1
Like +22 Object -15 Huh? 20 May 15, 13:15  interesting  controversial
Some of the laterals from ILS,symbi and GLC are perhaps much better than NLU laterals!Any case, a few years experience, there's absolutely no difference! The greatest lawyers in the world have all not been bred at an NLU!And puhlese - have seen really useless NLU graduates also and some super smart non-NLU graduates!
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28.1.1
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Like +2 Object -0 Gulabjamun 21 May 15, 13:23
you only use "some of the.." agree on that. However, look up the meaning of 'some"
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28.2
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Like +0 Object -0 Johnny 20 May 15, 17:09
Can you really say that there as at firms that are completely NLU staffed and those firms are in any way better than other firms. The large firms that do hire excessively from these schools have attrition and squabbling. And it's really impossible to say they are qualitatively better. They just tend to think better of themselves, much like your comment makes apparent.
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28.2.2
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Like +6 Object -9 Sagar 21 May 15, 09:49  controversial
Yes sir. That's what exactly I am saying. People from these non NLU schools don't even know the difference between a contract and an agreement. Dont even know that Bhatia has been overruled. Don't know what's the difference between FDI and FII. These people might have experience but definitely lack the innovative thinking the field requires
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28.2.2.1
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Like +3 Object -2 Water! 21 May 15, 12:28
Thanks to all the worldly knowledge on difference between contract & agreeement, FDI & FPI (dude, FEMA calls it portfolio investment!),the NLU fellows are soo theoretical and spoon fed,they will invariably give solutions which will commercially never ever fly! End of the day, it's NOT the school you went to - it's how well you learn on the job!That's what makes a lawyer!
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28.2.2.2
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Like +2 Object -3 Guest 21 May 15, 12:37
Yes we see quality written all over your comment: FII - Isnt it FPI now. The FII regulation was repealed in 2014. Start reading and stop posting stupid comments.
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28.2.2.3
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Like +1 Object -1 Sagar not Ratna 21 May 15, 13:42
You learnt the difference between FDI and FII in N-School? What about FPI? Cyril Shroff is not from N School.
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28.2.2.3...
Like +6 Object -0 Reporter 21 May 15, 16:20  interesting
Because at Cyril's time there weren't any national law schools doofus
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28.2.2.4
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Like +0 Object -1 Shakespeare..!! 26 May 15, 11:17
Quoting Sagar:
Yes sir. That's what exactly I am saying. People from these non NLU schools don't even know the difference between a contract and an agreement. Dont even know that Bhatia has been overruled. Don't know what's the difference between FDI and FII. These people might have experience but definitely lack the innovative thinking the field requires

hahaha buddy i have seen a top ranked nlu grad who in an interview when asked about "mens rea" has answered that read the term somewhere probably in CPC but unable to recollect the meaning of the term..!!! this is just one example ..having interviewed many do you really want me to disclose the ridiculous answers given by NLU grads..!! better grow up and concentrate on studies rather than sitting and boasting about NLU's otherwise probably u will end up with a bowl in hand for job in the market.. nobody cares after 2-3 years which colg u belong to..!!
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29
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Like +2 Object -0 Guest 20 May 15, 12:05
I also hear that SAM is in talks with [...] for starting the Bangalore office. Kian - any news on that. Now that will be a good competition - Chuda in Bombay and [...] in Bangalore.
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29.1
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Like +3 Object -0 kianganz 20 May 15, 14:09
Yes, have also heard on good authority that those talks you mention are taking place but we won't publish until something is signed or definitive, unless it gets into the market some other way...
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29.1.1
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Like +1 Object -0 Anonymous 20 May 15, 14:55
Also Mr. Ganza - I understand you don't want to run a story but why are you editing comments. We have a right to speculate - don't direct the discussion so much. Let it be free flowing, my friend.
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29.1.2
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Like +1 Object -0 Friend 20 May 15, 15:05
Dear Kian,

The title of your post here is: "Shardul Amarchand in talks with JSA senior Mumbai partner Akshay Chudasama, nothing signed yet".

I am saying the same thing my friend - that Shardul Amarchand is in talks with [...] for Bangalore office.

Can you please explain to me - whats so different between the two statement? You are running a headline in one case and editing the name in second.

You are becoming a bad 'kanna' (endearing term for kid in kannada)

Hope you will publish this comment without editing. Be fair in your journalism. Either you should not have published this story or publish my entire comment.

Cheers,

Your well wisher
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29.1.2.1
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Like +1 Object -0 kianganz 20 May 15, 15:11
Thanks, but it's not at all the same thing. :)

SAM has talked to almost everyone in the market. If all of these were published in headlines or in comments, half the partnerships would spiralled into nasty fights, mistrust and recimination.

For that reason, in the vast majority of cases we only publish moves after:

1. Things are final
2. Things are internally announced (ideally)
3. We've spoken to the partner leaving.

Just putting names out there doesn't serve anything other than fuelling rumour and speculation.

Getting some new information btw, the name you mentioned in Bangalore may be staying after all... Again, we'll report something when we know more... :)
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29.1.2.1...
Like +4 Object -0 Ganza Friend 20 May 15, 15:36
Excellent observations - all of them. I am sure you will be picked up by CAM or SAM since you are good at scam.

How do you justify publishing the story on Chudasama with your three cardinal rule(reproduced for convenience):

1. Things are final
2. Things are internally announced (ideally)
3. We've spoken to the partner leaving.

Which of these did you complete before publishing this story. I am curious to know - considering that your headline for the story is: "Shardul Amarchand in talks with JSA senior Mumbai partner Akshay Chudasama, nothing signed yet"

Come up with some solid reasoning for your continued edits of my comments.
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29.1.2.1...
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Like +0 Object -0 kianganz 20 May 15, 15:48
Won't go into detail again, but please read the above:
www.legallyindia.com/Law-firms/shardul-amarchand-in-talks-with-akshay-chudasama-nothing-signed-yet#comment-69170

Tl;dr: once something is published already by someone else, the damage is done and we don't have a moral obligation not to publish such talks anymore, as long as we are sufficiently confident in the facts.

And before the angry troll comes back, we're happy with the Bandhakavi story that we reported before the partnership vote had concluded because we had very strong sourcing. Speak to the people involved and ask if they were upset or thought our coverage was unfair, and then come back and complain. Thanks!
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29.1.2.1...
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Like +0 Object -0 Guest 21 May 15, 00:25
Quoting kianganz:
Thanks, but it's not at all the same thing. :)

SAM has talked to almost everyone in the market. If all of these were published in headlines or in comments, half the partnerships would spiralled into nasty fights, mistrust and recimination.

For that reason, in the vast majority of cases we only publish moves after:

1. Things are final
2. Things are internally announced (ideally)
3. We've spoken to the partner leaving.

Just putting names out there doesn't serve anything other than fuelling rumour and speculation.

Getting some new information btw, the name you mentioned in Bangalore may be staying after all... Again, we'll report something when we know more... :)


Kian, is this an AZB bangalore partner SAM is talking to?
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29.1.2.1...
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Like +0 Object -0 kianganz 21 May 15, 10:02
No it wasn't, but almost certain that SAM and or headhunters would have also spoken to AZB Bgl and many many other partners too
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29.1.3
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Like +2 Object -0 hubba 22 May 15, 17:07
Okay you can edit this out but just tell me if you are referring to Uncle Sam's discussions with the Chandy.
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30
Like +13 Object -1 Acapulko 20 May 15, 12:13  interesting  top rated
This is a football style transfer......... Suarez to Barcelona almost done but nothing signed yet as commercials being worked out...
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30.1
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Like +3 Object -1 abc 20 May 15, 13:28
Let's hope JSA does not end up signing Balatoli ;)
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31
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Like +1 Object -3 frizzy tizzy 20 May 15, 12:31
He's half parsi which helps. He has friends in high places. He us sophisticated and soft mannered and so a good fit for managing partner. The yetm regional has a diminishing quality to it. Mum managing partner. Without media hype like some other jsa partners he has so much respect and goodwill.
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31.1
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Like +0 Object -0 Parsi 21 May 15, 13:43
he is not half Parsi. get your facts right
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32
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Like +5 Object -4 Prophet 20 May 15, 14:18
Didn't B&B report a rumour as fact that Shardul would be 100 lawyers in Mumbai immediately by merging with a big firm? Didn't they write that Sudipto would be joining Shardul when he actually joined Vaishali? Now they're reporting Akshay discussions with SAM as done deal.

If I wanted unfounded gossip and rumours, I would go to B&B. For facts, debunking or confirming of B&B gossip, I go to LI. :-)
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33
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Like +1 Object -1 Re: Acapulko 20 May 15, 14:27
Not commercials, 'personal terms' being worked out...
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34
Like +12 Object -0 bhaiyya 20 May 15, 15:19  interesting  top rated
if the deals not done yet and bnb has published it, then the leak must have been from SAM's end and that too deliberate. But why ? Make it difficult for Akshay to back out or to put a spanner in his hard nosed negotiations ? Bnb was always a [...], but this shows that Sam is not a trustworthy colleague/boss.
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34.1
Like +6 Object -0 agreed 20 May 15, 15:32  interesting
I agree with you. Moves unless completed, should not be available for public digestion, as it would only lead to poop.
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34.2
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Like +1 Object -0 hubba 20 May 15, 16:11
Hey Kian,

I don't disagree with the statement above but are you sure you are okay with your competitor being called a "[...]" in your threads?
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34.2.1
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Like +1 Object -1 kianganz 20 May 15, 16:24
That's maybe a tad harsh, you're right, have removed...
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34.2.2
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Like +1 Object -0 dont get emotional 20 May 15, 16:33
Its OK bro...smoke some and relax
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34.3
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Like +0 Object -0 S-C-AM 20 May 15, 16:23
Kian, if "[...]" referring to your competitor escaped your moderation, was wondering whether "S-C-AM bordello" would also survive your snip?? :-p
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35
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Like +5 Object -4 S-C-AM 20 May 15, 16:20
The SAM & CAM saga - India's best S-C-AM amongst the legal fraternity!! Monday to Saturday at 9 pm one bloke drives the Nation crazy when the Nation seriously does not want to know.. On the other hand KiaN wants the World to Know what the Firms do not want to know.. About their Star Partner moves from an online legal tabloid.. Wanted to write keep up the [...] work but since I am mighty sure in such an eventuality this comment would have been "moderated", am constrained to say Good Job Kian!!!! We love Legally India!!!! Blowing your trumpet on your behalf..
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35.1
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Like +0 Object -0 kianganz 21 May 15, 10:04
Thank you! :)
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36
Like +9 Object -1 confidentiality 20 May 15, 16:30  interesting
Maintaining Confidentiality is a lawyers virtue...why is the SAM team failing to contain news of being in discussion with laterals they are aiming to poach. People like Akshay won't get hurt with such leaks. But associates/ junior partners planning a move to SAM now need to worry about the info reaching their office before them (after the interview).
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37
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Like +0 Object -1 Guest 20 May 15, 17:16
Is there any story on Sam Bangalore yet? How many partners? Start date etc?
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37.1
Like +6 Object -0 Reporter 21 May 15, 09:53  interesting
Do you think CAM will fight back or has he exhausted all his financial resources? I think he should just hire ajay Behl and put this fight to bed
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38
Like +14 Object -3 JSA 20 May 15, 23:01  interesting
Whether Chuda-decides to SAM it or not, JSA still has star partners. Berjis, Som, Amit, Dina, Farhad, Sumanto etc. If Jatin were to leave SAM, it doesnt mean a SAM collapse. Same logic applies. AMSS dissolved and neither side has lost clients. And that was a nearly 100 year old firm. Also why arent you reporting Nikhil Narayanan quit SAM?!!
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38.1
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Like +0 Object -1 Former SayEssJay 21 May 15, 14:13
What! You wrote [...] with a straight keyboard? Amit and Som are the only quality the firm has left, in terms of market presence. Next you'll be saying [...] or [...] can manage M&A for the firm. JSA [...] will not outlast its founder. Immensely sad, but true. But the man himself is to blame, rewarding the ability to stick around more than merit/ talent. In Akshay's shoes I think it's the best move he could have made. The man knows when to jump.
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39
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Like +1 Object -0 Guest 21 May 15, 15:07
Everybody in JSA is an equity partner. You run the risk that the 8% of your billing may amount to nothing. And equally, you'll make a killing if you're billing big.
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40
Like +6 Object -0 JSA 21 May 15, 15:24  interesting
Will Jyoti Sagar make a come back like Murthy Infosys?
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41
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Like +1 Object -1 transfer season 21 May 15, 17:01
Well its fun that such transfers are co-inciding with the football leagues around the world. Kian how bout setting up a transfer blog so that people (not LI) can start speculating..

on the point of football - who will win the Chagla cup this year? amss won it thrice or so..
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42
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Like +1 Object -1 Hmmm 21 May 15, 17:45
The question I want an answer to is will De Gea move to Real?
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42.1
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Like +0 Object -0 Gunners forever 22 May 15, 08:13
I really hope he does. But that might not impact Man United much since they already have Valdes. They will only end up using this money to buy Muller
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43
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Like +2 Object -2 Reporter Vishwanath 22 May 15, 10:25
You guys are like a gossip churning machine. Leave law to whatever sanctity it has left. But no, judiciary going to the dogs and the profession to you so called 'news sellers'
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43.1
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Like +2 Object -0 hubba 22 May 15, 17:10
Quoting Reporter Vishwanath:
You guys are like a gossip churning machine. Leave law to whatever sanctity it has left. But no, judiciary going to the dogs and the profession to you so called 'news sellers'


I'm sure this is a comment by the BCI. Killing 2 birds (being judiciary and LI) with one stone ;)
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44
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Like +0 Object -0 Hubba Bubba 23 May 15, 08:07
Any updates Kian?
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44.1
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Like +0 Object -0 kianganz 23 May 15, 16:55
I understand that a decision, one way or the other, may be announced early in the coming week... Will keep you all posted...
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44.1.1
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Like +1 Object -1 blister 23 May 15, 17:35
Kian. ..ac has resigned From jsa. His team partners are in talks now.
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44.1.1.1
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Like +2 Object -2 kianganz 23 May 15, 17:58
No resignations received at JSA, as of 30 minutes ago so forgive me if I don't believe it fully.
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45
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Like +0 Object -0 S-C-AM 24 May 15, 22:02
Today there was a meeting between Akshay and Shardul..Any ideas what happened?? And whats the outcome of yesterday's meeting with Jyoti??
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46
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Like +0 Object -0 ABC 25 May 15, 13:05
i wonder who JSA will bring in to replace Akshay
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