SinhaSinha

Amarchand Mangaldas Delhi partner Shardul Shroff has hired a third associate partner from Khaitan & Co for his future Mumbai office, with Abhishek Sinha who was promoted to salaried partner last month having resigned, reported Bar & Bench.

Legally India has also authoritatively confirmed that Sinha would be joining Amarchand’s new Mumbai operation.

Khaitan partner Rabindra Jhunjhunwala did not respond to a message seeking comment.

Sinha was not reachable for comment by phone or email.

Sinha graduated from ILS Pune in 2006, began his career at DSK Legal, then joined AZB & Partners, and joined Khaitan in 2009 where he also spent six months at Morrison & Foerster in Japan.

Shardul Shroff’s brother, Cyril, who is setting up an office in Delhi, would hire former Amarchand Delhi and Kochhar & Co senior partner Harry Chawla, Legally India reported earlier today.

Team (Cyril) Amarchand Mangaldas (Delhi) Team (Shardul) Amarchand Manganldas (Mumbai)
Kochhar & Co partner Harry Chawla
Gnarus Partners founder Rishi Anand
Khaitan associate partner Harsh Kumar
Raghuram Raju (ex-Dua Associates partner, ex-GC of Religare)
Luthra & Luthra partner Piyush Mishra
Khaitan & Co Delhi partner Gauri Rasgotra; and
Economic Laws Practice (ELP) partner Kirat Singh Nagra
.
Dudhat Pereira & Associates founder and former Udwadia Udeshi partner Radhika Pereira.
Khaitan associate partner Iqbal Khan Khaitan & Co associate partner Deepto Roy
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1
Like +37 Object -10 Pinto from El Tinto 16 Apr 15, 21:16  interesting  top rated  controversial
From 101 to 97 partners in one week! The landslide continues
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2
Like +38 Object -15 Shaitan 16 Apr 15, 21:19  interesting  top rated  controversial
If Khaitan is as transparent, fair and well paying as its management claims to be and Amss exactly the opposite then please explain the reason for such mass exodus!

Baap Baap Hota hai aur beta beta
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2.1
Like +7 Object -1 vakilsahib 17 Apr 15, 13:32  interesting
There would always be ppl who would move out.

Thats a part of life. in any case these guys are surely not moving on because they get a chance to work at AMSS.

one can say with some surety that the moves are linked to better compensation at AMSS.

Why will I not jump ship if I get paid more.

I don't think the Indian Market is that mature that a lawyer would go to his present employer and say "look, X is offering me more, match it or I leave"

Chances are, even if the offer at the first company are matched or improved. There would always be this niggling feeling of retribution that the first company can have.

So all in all, once offer is made by X, there is no scope of a counter offer.

Personally, I do earnestly hope that the firms look for lawyers outside of firms who have the potential to contribute.
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2.1.1
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Like +2 Object -0 True 19 Apr 15, 13:24
Agree completely. Indian employers take it as a personal insult if an employee even considers another firm. This is even more in the top family run firms. Even the HR is non-transparent and works on the tunes of the family viz., the MP or rather his wife as the case usually is, rather than addressing the grievances of lawyers. Hence, negotiations are not possible in such an environment and the lawyer usually leaves and business suffers.
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Like +3 Object -9 Duhh 16 Apr 15, 21:24
First comment :)
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3.1
Like +11 Object -5 Dude 16 Apr 15, 21:28  interesting  controversial
Fail!
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4
Like +15 Object -7 SAMwise the Brave 16 Apr 15, 21:44  interesting  controversial
SAM is currently leading the market on terms of pay scale and has acquired a huge office space compared to the fact that he's just started in Mumbai. Compared to that CAM's payscales are lowest among Big 6. They are even facing internal cost-cutting I hear like ACs off during afternoons and after 7. Please confirm.
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4.1
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Like +3 Object -3 Dude 16 Apr 15, 22:11
But CAM has auks
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Like +0 Object -0 Gulabjamun 17 Apr 15, 14:24
AC's were off at lunch time and after 7 since day 1.
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Like +6 Object -3 Guest 16 Apr 15, 22:22
Shardul is out with some seriously deep pockets.
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Like +13 Object -14 GLC 16 Apr 15, 22:25  controversial
Mr. Sinha is a faculty member for the Securities Law course at GLC, Mumbai. Fine gentleman.
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7
Like +15 Object -8 Well wisher 16 Apr 15, 22:40  interesting  controversial
All the best abhishek. Excellent lawyer and superb guy.
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Like +10 Object -9 Guest 16 Apr 15, 23:32  controversial
Super lawyer!!! SAM has scooped the best off the market.
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Like +1 Object -0 Best 18 Apr 15, 13:39
This is like Happy New Year is the best film ever made in the history of indian cinema :)
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Like +4 Object -2 Observer 16 Apr 15, 23:42
Easy come easy go for Khaitan . They will be below 90 partners in a month. Lots more coming out
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Like +7 Object -8 Camera man 16 Apr 15, 23:48  controversial
Sam has to pay double to compensate for his reputation both before and after the court case.. Who will join him otherwise? Everyone in market knows how his office runs.
The equity will not be worth much once he has to also pay his legacy partners same or more. The model will crash in two years. Remember Dewey ?
Cam has better reputation and much more sustainable practice? Interesting times. A lot of other firms get a double whammy. Losing people and having to pay more to keep them. Funnnn .
Kian who is next ? Is Sam wg. Merger story true?
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Like +2 Object -0 Guest 18 Apr 15, 08:40
Really? Best lawyer?Quoting Camera man:
Sam has to pay double to compensate for his reputation both before and after the court case.. Who will join him otherwise? Everyone in market knows how his office runs.
The equity will not be worth much once he has to also pay his legacy partners same or more. The model will crash in two years. Remember Dewey ?
Cam has better reputation and much more sustainable practice? Interesting times. A lot of other firms get a double whammy. Losing people and having to pay more to keep them. Funnnn .
Kian who is next ? Is Sam wg. Merger story true?

Totally agree. It will
Also be interesting to see if these numbers being offered by Sam will sustain post 2 years.
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11
Like +27 Object -3 Ricciardo 16 Apr 15, 23:54  interesting  top rated
At their stage, these partner level people have minimal interest in work. Its mostly about the next house, the next car, the next salary hike, the next round of politics, splits and mergers. Sad reflection also of our (Indian) inability to build institutions based on teamwork and compromise - everyone is just happy making money and exiting. These partner joinings, exits and splits will keep happening till kingdom come - not even newsworthy anymore. When one reaches the peak of one's professional career at the age of 31-32(!!!), there is little one can do other than what we are witnessing in the Indian law firm market now.
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Like +6 Object -4 Hai hai yeh majboori 16 Apr 15, 23:55
Yeh Kya HO raha hai? Khaitan model was based largely on lateral hiring. And poaching from others. It is now at the receiving end . Live by the sword you die by the sword . Sam is desperate to enter Bombay market and has no choice but to throw money. But as they say a fool and his money are soon parted. Everyone. Who joins Sam will be out in a few years. . Sam will also undercut fees. High cost and low fees is a recipe for disaster. The equity partners better take some money and run before the equity becomes worthless
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Like +4 Object -2 Jhilmil 17 Apr 15, 00:00
Is Sam going to offer same money to existing partners of Sam? Or only to laterals ? Else he will have a mutiny ? Hope his delhi partners are aware. Apparently they were only asked to sign the signature pages of new deed. They have not received any document nor aware of its contents. Nobody knows what Sam partnership structure is. Not even hildul .
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Like +2 Object -1 Anon 17 Apr 15, 00:23
Must congratulate Kian on the most innovative titles for his articles.
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15
Like +7 Object -3 gabbar is back 17 Apr 15, 00:24
Will Khaitan's new floor be empty again or will be it be filled in by some 30 odd admin and 40 odd accounts people entourage they move with!! News is HR head and another HR team member made the exit too...its becoming gripping
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Like +1 Object -2 Observer 17 Apr 15, 00:27
Kian,

Asim Abbas, Khaitan & Co Delhi partner must also be added to team Shardul!
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17
Like +10 Object -2 Magic Tomato 17 Apr 15, 09:57  interesting
How has Trilegal managed to engineer this one? Those guys are geniuses.
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17.1
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Like +1 Object -1 Trilegal what now? 17 Apr 15, 12:42
Trilegal what now?
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Like +1 Object -1 Muggle Potato 17 Apr 15, 12:53
Oh don't you know? Trilegal is actually the front of a nefarious organization named after a mythic boar that supplies "legal" "talent" to various dens of vices and debauchery that our law firms today are.
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17.2.1
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Like +2 Object -0 Trilegal what now? 17 Apr 15, 14:00
Don't berate me for not knowing. still learning.

Elaborate further. You seem to know lots.
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18
Like +12 Object -5 Circle of Life 17 Apr 15, 10:01  interesting  controversial
This was bound to happen. Though who were promoted recently may also not have liked the fact that they were promoted en masse only out a fear motivation. KCO's strategy was a faulty one to begin with - it should have stuck to promoting on merit alone.

Having said which, Abhishek is a great lawyer and a fantastic person. Kudos to him and a pat on the back for SAM for this great catch! He along with Iqbal are definitely golden geese and will be huge assets to SAM.
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Like +7 Object -4 Guest 17 Apr 15, 12:45
Agreed, some of the recently promoted associate partners really know nothing.
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19
Like +5 Object -1 Sarkari Lawyer 17 Apr 15, 10:27
Brace Yourselves, war has just begun and swords are already out.
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Like +7 Object -12 Guest 17 Apr 15, 11:17  controversial
Abhishek is an excellent lawyer - these defections will hurt KCO Mumbai much and set up an interesting fight in Mumbai between CAM SAM.
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21
Like +43 Object -2 Onlooker 17 Apr 15, 13:58  interesting  top rated
Why such sensationalist headlines? Here is what I imagined when I read them:

SAM ala Genghis Khan, seething with anger, mounts on a horse with a sword in hand and goes galloping through the busy Mumbai streets to the building where Khaitan's office is located. The building watchman tries to stop SAM, but he brandishes his sword and brushes him aside. SAM's horse marches up to Khaitan's office door and kicks it open with its front legs. Khaitan's office is filled with screeches. Everyone in the way goes scurrying helter skelter, screaming for help. SAM creates havoc smashing everything in his way. Finally, SAM's horse trots up to Abhiskek's table and SAM scoops him up and scoots, leaving behind a trail of destruction.
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21.1
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Like +1 Object -0 kianganz 17 Apr 15, 14:36
Nice, I enjoyed reading that :)
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21.2
Like +10 Object -2 Circle of Life 17 Apr 15, 16:06  interesting
Quoting Onlooker:
Why such sensationalist headlines? Here is what I imagined when I read them:

SAM ala Genghis Khan, seething with anger, mounts on a horse with a sword in hand and goes galloping through the busy Mumbai streets to the building where Khaitan's office is located. The building watchman tries to stop SAM, but he brandishes his sword and brushes him aside. SAM's horse marches up to Khaitan's office door and kicks it open with its front legs. Khaitan's office is filled with screeches. Everyone in the way goes scurrying helter skelter, screaming for help. SAM creates havoc smashing everything in his way. Finally, SAM's horse trots up to Abhiskek's table and SAM scoops him up and scoots, leaving behind a trail of destruction.


Onlooker, how about this variation after SAM's horse kicks open Khaitan's door with its front legs?

While some screech in terror, others look on, in shock and awe. Everyone goes scurrying, some away from Shardul and his mighty steed and others towards him to get a better look at the invader. SAM creates havoc smashing everything in his path, even those admirers of the downtrodden population who come bearing gifts of peace and friendship. SAM looks at the landscape and his focus zooms in on Abhishek, disappointing others who had hoped to be the object of his focused stare. SAM's horse trots up to Abhishek's table and SAM scoops Abhishek up and scoots, leaving behind several business cards and promises to look at hitherto unreviewed CVs.
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21.2.1
Like +7 Object -1 Onlooker 17 Apr 15, 16:19  interesting
Ha Ha, Circle. Something tells me that you are among those hopefuls who applied to SAM.
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21.2.2
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Like +3 Object -0 Poet & Lover oops Lawyer 17 Apr 15, 17:47
Quoting Circle of Life:
Quoting Onlooker:
Why such sensationalist headlines? Here is what I imagined when I read them:

SAM ala Genghis Khan, seething with anger, mounts on a horse with a sword in hand and goes galloping through the busy Mumbai streets to the building where Khaitan's office is located. The building watchman tries to stop SAM, but he brandishes his sword and brushes him aside. SAM's horse marches up to Khaitan's office door and kicks it open with its front legs. Khaitan's office is filled with screeches. Everyone in the way goes scurrying helter skelter, screaming for help. SAM creates havoc smashing everything in his way. Finally, SAM's horse trots up to Abhiskek's table and SAM scoops him up and scoots, leaving behind a trail of destruction.


Onlooker, how about this variation after SAM's horse kicks open Khaitan's door with its front legs?

While some screech in terror, others look on, in shock and awe. Everyone goes scurrying, some away from Shardul and his mighty steed and others towards him to get a better look at the invader. SAM creates havoc smashing everything in his path, even those admirers of the downtrodden population who come bearing gifts of peace and friendship. SAM looks at the landscape and his focus zooms in on Abhishek, disappointing others who had hoped to be the object of his focused stare. SAM's horse trots up to Abhishek's table and SAM scoops Abhishek up and scoots, leaving behind several business cards and promises to look at hitherto unreviewed CVs.


Another myth that lawyers are workaholic, they have enough time to be creative, or is this a rarity in the profession? Thoroughly enjoyed reading them, kudos
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21.2.3
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Like +4 Object -2 Gyan :|| 17 Apr 15, 18:39
ever thought...what generally happens in this situation and how would the general mood at office? Some of the partners would be discussing exits and will be speculating next exits...day in and day out... the typical gossip varieties, some would be wondering, why are we not scooped!!! the peer pressure of failure and inability to express the same is unbearably painful for those guys. Top of it they would be hearing the mega money salary offers. Those who will be sitting with the offers will be generally killing time and wont have any enthusiasm to work. Rest who really want to work wouldn't know how to deal with low morale of the team members. HR has to play a significant role in such situation. Reassure, recruit from the competitors from non-focus area i.e. associates and review if some changes can be made to existing salary. If not required, people who resign should be immediately sent on a month long gardening leave to avoid unwanted talks. Try and stay positive, ask attorneys to focus on client deliverables. Carefully execute a retention bonus plan for star performers (should be in addition to annual bonus). Reward with a holiday package if you can, a family involvement is generally a good retention strategy. Take them for dinner, drinks etc. Managing partner should talk straight in presence of HR. Don't involve another partner!!! It doesn't matter if the other partner is a very senior person in the system or from some other practice lines, the bitterness among performing partners and the partner who is viewed as close to the managing committee or is part of the managing committee is always very high. You never know, the said partner could be one of the reasons for people leaving the Firm. Hence seek help from neutral persons, a senior HR resource could play the role. Big-4 Firms have seen this, now its time for Law Firms to experience the rain. Cheers...
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Like +3 Object -0 Sammy Sosa 17 Apr 15, 15:33
Saints and Sinha.
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Like +3 Object -1 Problem 17 Apr 15, 19:21
i think Haigreve has a little problem which he needs to solve.. Before it becomes a big one
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23.1
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Like +2 Object -7 kianganz 17 Apr 15, 19:23
Wasn't it to be expected though?

Most firms have been bracing for Shroff vs Shroff to at least cost them some partners... All things considered, Khaitan has lost 4 salaried partners and 1 equity partner, but it could have been worse too and they could have lost entire teams and practice areas (I'm sure offers were made).
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23.1.1
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Like +1 Object -1 Insider 17 Apr 15, 19:33
Wait for it....
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Like +1 Object -2 Problem 17 Apr 15, 20:07
Kian ...you have no idea how little the problem is
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23.1.3
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Like +5 Object -3 Guest 18 Apr 15, 07:40
Quoting kianganz:
Wasn't it to be expected though?

Most firms have been bracing for Shroff vs Shroff to at least cost them some partners... All things considered, Khaitan has lost 4 salaried partners and 1 equity partner, but it could have been worse too and they could have lost entire teams and practice areas (I'm sure offers were made).


4 high quality salaried partners, who got the best possible growth + 2 equity partners from Delhi and then some more exits may happen, how can this be a little problem?
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23.1.4
Like +6 Object -0 Agent vinod 18 Apr 15, 11:03  interesting
Kian, why are you so defensive about kco always? Plus, one can no longer vote on the above negative comments on kco. Let's make it less obvious which is your favourite firm!
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23.1.4.1
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Like +1 Object -2 kianganz 18 Apr 15, 12:29
Voting doesn't work right now? Seems fine to me, though made some back-end changes so maybe it broke something?
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Like +3 Object -1 Crisis Pundit 18 Apr 15, 19:21
So people want to leave KCO, but why? We all heard its a very humane Firm!!! And I have reasons to believe it. So could it be only money power? Or is there something which is not spoken, blogged or forcibly blocked? If its only money power, the crisis will end soon.
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24.1
Like +22 Object -6 Insider 19 Apr 15, 10:17  interesting  top rated  controversial
Yes, it's something more. Money is the driving factor behind these people leaving. However, various others factors are contributors.
1. Haigreve's appeasement policy for non performing senior equity partners. While lawyers like Sinha, Anuj, Surbhi and Mayank do the hard work, kudos are taken by senior partners who only want their egos massaged.

2. Over the past 7 years, haigreve's energy has been reserved in developing only one individual in the firm. That person has been given A-list deals and an immense amount of power. He is the proxy managing partner of the firm. This only adds fuel to fire for younger people who now continue to believe that this firm works for only one person's benefit.

3. In the garb of putting in place professional "best practices", needless KPIs are being imposed on the younger lot, whereas the senior deadwood watches on, comments and generally throws their weight around.

The recent exits (Deepto khan and Sinha) should serve as a wake up call for Haigreve.

Kian, If you are truly impartial, publish this, else we all know that your loyalties towards one individual in Khaitan is unabated.
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24.1.1
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Like +5 Object -8 Guest 19 Apr 15, 18:39  controversial
Quoting Insider:
Yes, it's something more. Money is the driving factor behind these people leaving. However, various others factors are contributors.
1. Haigreve's appeasement policy for non performing senior equity partners. While lawyers like Sinha, Anuj, Surbhi and Mayank do the hard work, kudos are taken by senior partners who only want their egos massaged.

2. Over the past 7 years, haigreve's energy has been reserved in developing only one individual in the firm. That person has been given A-list deals and an immense amount of power. He is the proxy managing partner of the firm. This only adds fuel to fire for younger people who now continue to believe that this firm works for only one person's benefit.

3. In the garb of putting in place professional "best practices", needless KPIs are being imposed on the younger lot, whereas the senior deadwood watches on, comments and generally throws their weight around.

The recent exits (Deepto khan and Sinha) should serve as a wake up call for Haigreve.

Kian, If you are truly impartial, publish this, else we all know that your loyalties towards one individual in Khaitan is unabated.


we'll said--- and so trueee!! some more quality exits I hear - may be some practice areas will now get wiped because of that one person in the corporate team.
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24.1.1.1
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Like +9 Object -15 Game of Singhasan 19 Apr 15, 19:30  controversial
I guess money is the only reason for people leaving. But thats surprising as lawyers in Khaitan (including the non performing ones)get bonuses which are higher than any other firm. In some instances the annual bonuses are higher than the over all salary earned by these lawyers in their previous firms (including the new partners).

It would be wrong to say that Haigreve has concentrated his energy only on one individual and that the firm works for the benefit of only one person. In the last 2 years the amount of exposure given to these partners is incredible. This includes long term international secondments. Not many Firms provide you with these opportunities. Well the person who has absorbed all the energies from Haigreve is amongst the very few partners in Khiatan who can actually handle A List deals. He is also at the same time the most likeable person in the organisation...
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24.1.1.1...
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Like +2 Object -0 boingbong 20 Apr 15, 09:49
So you did a psychological analysis and came to the conclusion that only money is the determining factor?
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25
Like +6 Object -0 Anonymous 20 Apr 15, 13:47  interesting
At partner level, it cannot just be the money that motivates someone to move, can it? It doesnt make sense, you've already reached a certain level, and just for a few extra bucks (in case of a shift from one top tier firm to another), why spoil relations? There must be some other factor involved?
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Like +1 Object -1 analyst 20 Apr 15, 16:05
"Not only money, appeasement, leadership crisis, KPI, non performance, ego massage, few name callings, favoritism" etc. are some of the key words i picked up from last 3-4 posts. Mmy god even Law firms have got into HR crisis!!! I Always thought this sector could manage without neutral HR players. LI is what glass door is to many MNCs, :0 :0
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Like +1 Object -0 Alexis 21 Apr 15, 14:20
I've heard terrible things about HR in law firms, including KCO. There is either a lack of knowledge about law firm dynamics or power in the hands of HR that either makes HR a nuisance or ineffective. There is crazy attrition in all big and medium sized firms and the same pool of talent keeps moving around. Often people leave an organization, just to join it a few years later. There seems to be such disgruntlement and generally partners are not good people managers.
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