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This is not an insider.
This is Google Maps with feelings. 😭
Mr. Pradyun wasn't just driving relationships, he combined business development with execution, coordination, and getting things done on the ground. Strong relationships can create opportunities, but converting them into outcomes requires equally strong execution. That combination is difficult to replace, and that's why the legacy has inevitably felt the impact of his absence.
The comments here are incredible 😂 Merchant bankers with him. Investors with him. Market relationships with him. “Pure strings” also with him.
What was left for the rest of the firm? The printer?
The Capital Markets King is apparently BlackRock, SEBI and a Tier 1 law firm rolled into one counsel.
Legacy should stop hiring associates. Clearly all they need is the International Counsel, one laptop and good WiFi
Why is this man practising law? Give him a Bloomberg terminal and the Finance Ministry.
“The pure strings were with him throughout” has killed me. My brother in Christ, this is an SME IPO practice, not the Bilderberg Group.
Apparently everyone else was thrown out and Legacy has now assembled the Avengers because they hired a few associates and promoted people with two years' experience.
Meanwhile Mr. International Capital Markets Counsel sits at the centre of the Indian securities market personally allocating merchant bankers and investors.
Peak Legally India fiction. Please continue. 😂
And the suggestion that one individual alone “controls” the capital markets relationships, merchant bankers and deal flow is even better. At this rate, perhaps SEBI, the exchanges, investors and every law firm in the country should also start routing matters through the self-proclaimed international capital markets counsel.
Two-year lawyers being made PAs is an “upgrade”, but everyone else leaving was “thrown out”. Convenient narrative.
This reads less like market intelligence and more like firm-sponsored humbug. ▮▮▮
Legacy has now upgraded its team by hiring an ex-KCo lawyer along with 3-5 new associates.
They have also added another PA from Kanga. Their Bombay and Chandigarh teams remain intact and unaffected.
Where are the T&S Law cake cutting LinkedIn posts now? “14 mandates”, apparently. Now ▮▮▮ .
All the others have the mainboards. Wait for June 30 and you’ll see them knocked off their high perches lol.
From a career perspective as well, I would choose T&S Law. The firm has a strong reputation in the market, and many people from T&S have later moved to Tier 1 and Tier 2 firms. If the objective is to build a solid capital markets profile and keep better exit opportunities open, T&S Law would be the better choice.
One is a full service enterprise with 100+ lawyers working for Fortune 500 clients and has offices in 4 cities, including BKC in Bombay.
The other is an ECM boutique started by an ex SAM SA in a village on the outskirts of Noida.
The filings speak for themselves. I just read a LinkedIn post by someone from legacy claiming they had the highest issuer side filings in the past 2 months, which (after research) is true. 8 cases for legacy, 1 for T&S. T&S has only done one refiling and has done one fresh case. ▮▮▮