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All set to bounce back. The Litigation practice will flourish very soon and we will be T1 again.
Really one conversation with MP is enough to show amount of bragging and showman ship and very less substance or vision or ability to implement. So they walked into this.
It was clear to anyone who worked there that MS was running the firm 90% and doing all the hard work. From transactions, to BD, to admin decisions. RKL was enjoying his foreign travels and parties. So nishant and avirup should have done some diligence na..
1. Litigation and dispute resolution - 9/24 (Apparently at least one of said 9 may also be going independent/ elsewhere but let's give benefit of doubt)
2. Competition law - 1/5 (3 to DSK, 1 to elsewhere)
3. Trade law - 0/2
4. IPR - 0/1
Also, Hyderabad office shut? Both partners are moving to DSK.
LoL indeed
2. Partners now left with the firm approx 41 only
3. Practice areas substantially wiped out in past one year including now with this second split: projects and infrastructure, direct tax and indirect tax, employment law, competition law, trade law, IP law, real estate, pvt equity, disputes, litigation and arbitration, IBC, Corp, M&A.
If this is true, then not much is left of full service tag of LNL. Very sorry to see this.
Have you worked with any of the 12?
If not then first get the right facts and then spew your venom. Clearly you have no idea.
The need for narrative control felt by some is understandable, however, let's at least be water tight in the false narrative that is built up. Zero sense is prevailing on the part of some. What does RKL think he achieved by posting that sad gun man there, randomly, once all this began? Anything real other than offending all the counsels who have given years to the Firm and kept on believing the shit would subside sometime surely? What about checking personal bags under the guise of ensuring documents aren't taken in an unauthorised manner?
People have had enough. Only some staying back. Yes, some of these are good lawyers and good people. However, it's only people that see this mass exit as an event that has made space for them, that are staying back. People who have had enough drama and just want to work in peace (read no constant MP leadership crisis) are leaving now, either with the group or elsewhere.
Projects has emptied out too barring Avirup. Tax has basically emptied out. IPR has only a partner designate. People getting payouts of 1k and 2k as variable compensation on the corp side because their partners just don't have work to bring in. Wake up. Smell the coffee. L&L is dead. MS leaving put it on the ventilator. These people leaving will pull the plug on said ventilator. The body will flail for a little while longer as it resists, protests and tries to stay alive. However, it's fate is sealed.
What is wrong with RKL? Why is he destroying the firm? Weren't mohits antics enough?
:(
Lit firm dissolved.lit Equity partners moving to another smaller firm.
What happens to monies owed to the legal heirs of Vijay Sondhi ?
Also what's left of L&L - massive part of corporate gone, tax gone, and now lit too.
Hoping RKL can stop this irreparable damage to the firm, that he claims he built single handedly.
When mohit left there was so much toxic social media posts watering down his role, saying oh he was just another partner and not the founder. Now one year past its clear to see who really has ability to build firms.
Since you mentioned litigation, I'm assuming its HS Chandihoke.