K Law and Linklaters have advised Reliance Industries on its Rs 22bn ($450m) joint venture with Russian petro company Sibur, which was advised by Khaitan & Co and Herbert Smith, as Legally India had reported on 28 February.
This is understood to be the first time that Reliance has instructed K Law on a corporate transactional matter, although the firm has worked with the conglomerate in other advisory areas previously.
The K Law team was led by partner Praveen Raju, assisted by corporate senior associate Sankar Narayan Swamy and intellectual property (IP) senior associate Priti Deshpande, and associates Aparnaa Bhalotia and Sharmila Nair, according to a statement from K Law.
Linklaters advised Reliance on non-Indian law aspects of the transaction.
As reported in February, Khaitan & Co corporate partner Aakash Choubey and executive director Daksha Baxi acted for Sibur on Indian Law while Herbert Smith partner Nicholas Moore acted on foreign law.
K Law opened an office in Delhi in 2010 after starting as Krishnamurthy and Co in Bangalore in 1999, growing to over 60 lawyers.
Billionaire Mukesh Ambani-owned Reliance – India’s second largest public company by turnover - has in the past most commonly instructed AZB & Partners, as well as Amarchand Mangaldas, J Sagar Associates (JSA), Khaitan & Co and others on its corporate transactions.
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Quoting Unconnected lawyer:
Quoting Unconnected lawyer:
If every Indian lawyer stopped taking work from family and friends, soon there would be no law firms or lawyers. You're naive if you think that the Amarchands, AZBs and Trilegals of the world have not been benefitted by any family connections whatsoever.
Unless of course you have a vendetta against KLaw.
So congrats KLAW. Happy to see new people doing good deals.
The main partner in Bangalore - Nikhil Krishnamurthy is an IP lawyer who was a partner at Anand & Anand
Legally India has reported extensively about K Law in the past. Here please see: www.legallyindia.com/201008261231/Law-firms/krishnamurthy-starts-in-delhi-shifts-gear-in-mumbai-bangalore-chennai
Quoting DEF:
Otherwise, we often cover it in our deals in brief section.
Best regards
Kian
I do not see anything wrong in this. The larger corporate law firms have a knack for advertising themselves to get clients - I have been in one of the largest corporate law firm and they actually had the daughter of the T_T_ group working thereat.
The female partner over there, once she was made aware of the daughter, met the girl's father and shared the firm profile and all, only to make the group the client.
If a large law firm can do this, why can't Pravin.
I have known Pravin when he was in Crawford Bayley. He is a humble and a smart person. If anyone should be give assistance to climb up the ladder, I would prefer it to be him, rather than sarcastic, back stabbing and gossip mongers, at the helm of larger firms.
My two cents
Solicitor, you are right when you say this is a common practice, especially for the big firms. That doesn't make it right though.
Also,@ Delhi Lawyer...a partner can get work anywhere in the world if they know an inhouse counsel, but when the partner is a very close relative as in this case credibility and accountability both can be questioned and not just by those from within the faternity.
Hear hear! Reliance should always appoint AZB only on all their deals, because with AZB, its a purely professional relationship with no family ti...umm, what's that? Zia's husband is Neeta Ambani's cousin? Erm...no no, these family ties don't count. Its only when small law firms get bigger deals that we should question the nepotism.
Muppet.
And Come up with a better and convincing argument please next time.
Its sad that there is so much envy around against the smaller firms. Maybe the smaller firm services Reliance better and maybe Reliance is smart enough to choose its advisors (shock, awe at this, huh?). Of course, no one seems to remember that if there is anybody that protects their interests, its got to be be this group.
Well done Pravin and KLaw, since there is a presumption that Reliance goofed up by going to KLaw or only because the Rajus are brothers etc. Fight the fight and take on the bigger firms. We shall indeed overcome!!
I personally know at least 3 people who have left K Law and told me these horror stories and I continue to hear them from my friends still struggling on in there as they search for jobs. Their job applications to other firms are rejected with comments like "why would you start your career with K Law". So make sure you dont make the same mistake. Better to join a PSU or any other law firm paying a similar low salary (30-35 k i believe) with more humane people.
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