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Do such hirings make any business sense for firms? If not, why do firms hire so many retirees? I assume not many of them can actually bring in too many clients as such.
How actively do such people advise clients as compared to a regular partner at the firm?
Is it just me or does CAM end up hiring such people much more than other law firms.
Among the corporates, Reliance follows a similar strategy. IIRC, it brought Arundhati Bhattacharya on its Board after her retiredment from SBI, back when Reliance was trying to finance its expansion through debt.
(i) Shaktikanta Das- RBI Governor
(ii) Amitabh Kant- CEO, Niti Aayog who was also former DIPP Secy
(iii) PK Mishra: Principal Secy to the honorable PM in the PMO in South Block
(iv) Atanu Chakraborty: HDFC Chairman (he was former DEA secy)
So, retired secy level officers will aspire for officers like chief election commissioner and RBI Governor. Pls don't tell that law firm partners have more clout than these positions. Why would they join firms if they can get appointed to the most important offices.