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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Baap Baap Hota hai aur beta beta
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.
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.
Asim Abbas, Khaitan & Co Delhi partner must also be added to team Shardul!
Elaborate further. You seem to know lots.
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.
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
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?
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.
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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