Corporate

(Cyril) Amarchand acts on Rs 5,000 cr Aditya Birla, Pantaloons restructuring

Amarchand Mangaldas’ Mumbai region has advised the Aditya Birla Group on merging Aditya Birla Nuvo’s premium apparel business, Madura Garments Lifestyle Retail, with Pantaloons Fashion and Retail India. Mumbai-based managing partner Cyril Shroff, Bangalore partner Nivedita Rao and Mumbai-based partn...

(Cyril) Amarchand nabs Dhir & Dhir partner Rahul Goel with team

Dhir & Dhir partner Raghul Goel with his team is to join the upcoming Delhi office of Amarchand Mangaldas Mumbai managing partner Cyril Shroff, according to two authoritative sources.

KPMG friend Advaita poaches ex-LKS Madhav Rao from consultant best-friend BMR Legal

BMR Legal indirect tax partner Madhav Rao, who had joined the sister law firm of consultancy BMR Advisors one year ago from Lakshmikumaran and Sridharan, has left BMR to join Advaita Legal as a senior attorney, reported Bar & Bench . Advaita was set up in December 2013 by BMR co-founding partne...

Luthra MA Siddharth Srivastava joins Link Legal as partner

Luthra & Luthra Delhi managing associate Siddharth Srivastava is joining Link Legal as a partner in banking and finance.

Linklaters promotes ex-AZB-NLSIU Sushil Jacob to India group counsel

Linklaters has promoted Linklaters London managing associates Sushil Jacob to counsel today. Jacob specialises in banking, finance and corporate, having recently advised, according to a Linklaters press release: Barclays Bank on the sale of the entirety of its banking business in Pakistan to Habib B...

Verus promotes Charles De Souza but loses friend & partner Jay Parikh (possibly to SAM) [UPDATE-1]

De Souza
De Souza
Verus Advocates has promoted disputes partner Charles De Souza to its partnership, as one of its senior partners Jay Parikh has left the firm.

ELP promotes Vinayak Burman to partner, 6 to associate partner, 14 associates

Burman
Burman
Economic Laws Practice (ELP) has promoted private equity associate partner Vinayak Burman to its partnership, with six senior associates climbing the rung to associate partner level.

Phoenix Legal follows clients, nests in Chennai with first non-founding office

Chennai
Chennai
Phoenix Legal has opened its first office after Delhi and Mumbai, launching in Chennai today with a team of four lawyers.

JSA, Rajani Singhania steer FIPB-free Japanese pharma buy after DIPP note

J Sagar Associates (JSA) advised the shareholders of Lilac Medicare on selling it off to Japan’s Tosoh Corporation and Singapore’s Tosoh Asia which were advised by Rajani Singhania & Partners. JSA partner Sidharrth Shankar, senior associate Shantanu Jindel and associates Prakriti Jaiswal and Pr...

Amarchand mediated split postponed to 5 May

The end of mediation between Amarchand Mangaldas managing partners Cyril and Shardul Shroff has been postponed to at least 5 May, according to sources, though it could yet take till 7 May or longer.

AZB, JSA, BMR top private equity league table for Q1 of 2015

Venture Intelligence, which tracks private equity transactions “involving India-based companies” has published its ranking for the first quarter of 2015.

(Cyril) Amarchand to pick up second senior Kochhar Delhi partner, many-headed Manishi Pathak

Kochhar & Co senior partner Manishi Pathak is due to join the post Amarchand Mangaldas-break-up Delhi office of Amarchand Mumbai region managing partner Cyril Shroff.

MoFo hires Davis Polk's Amit Kataria as of counsel for Indian corporate push

Davis Polk & Wardwell registered foreign lawyer Amit Kataria has joined Morrison Foerster (MoFo) as an of counsel in Hong Kong. He specialises in cross border M&As and disputes and enforcement in India, according to MoFo’s press release, which added that he will help the firm grow its Indi...

Cyril (Amarchand) to hire AZB Delhi partner Ritika Rathi

AZB & Partners former Delhi partner Ritika Rathi will join the soon-to-be-started Delhi firm of Amarchand Mumbai managing partner Cyril Shroff.

Amarchand, Luthra on record Daiichi $3.2bn block sale of Sun Pharma shares

Amarchand Mangaldas’ Mumbai-region and Davis Polk & Wardwell advised Daiichi Sankyo on the $3.2bn sale of its 8.93 per cent stake in Sun Pharmaceutical. Luthra & Luthra and Freshfields Bruckhaus Deringer advised Goldman Sachs which was the sole book runner for the deal. This deal, which wa...

Hourly billing is not dead but with rates of Rs 32,000 / hour clients increasingly want more for less [via Mint]

Clients & clocks
Clients & clocks
In the business of law, the limited resource is not raw materials, marketing budgets or factory output capacity; it is literally the available time of a firm’s lawyers.

Which practice areas will be the biggest growers as corporate legal industry exceeds $1bn turnover? [via Mint]

rfx4rler
rfx4rler
Corporate and commercial law firms in India turned over just over $1 billion in revenue in the 2014-15 financial year, estimated London-based legal market consultancy RSG Consulting in its bi-annual report on the Indian legal industry based on a survey of more than 500 clients and 26 law firm managing partners.

What’s different in India’s top 40 law firm ranking in 7 years? And how would (Cyril) & (Shardul) Amarchand rank independently? [via Mint]

RSG top 40 (via Mint)
RSG top 40 (via Mint)
“)If all you care about are the top spots, not much has changed in the rankings of the 40 leading corporate Indian law firms that London-based RSG Consulting has produced since 2008.

Khaitan bags $4bn mandate for iGate in CapGem takeover [UPDATE: Luthra acting for Capgemini ]

Khaitan & Co is acting for Nasdaq-listed iGate Corp, which is being acquired by French IT consultancy Cap Gemini for $4bn. Khaitan Mumbai partner Rabindra Jhunjhunwala confirmed that Khaitan had been instructed by iGate but declined to comment further. UPDATE: Luthra senior partner Mohit Saraf ...

Clasis loses Delhi IP head Ashwin Sapra to war of the Shroffs

Clasis Law intellectual property head Ashwin Sapra has resigned and may join as a partner designate the firm to be started in Delhi by Amarchand Mangaldas Mumbai managing partner Cyril Shroff next month, as first reported by Bar & Bench . Legally India has authoritatively confirmed that Sapra w...