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JurisCorp claims strong growth despite 4 more partner exits (with best wishes) undoing much of recent expansion

Sivaramakrishnan, Mahapatra, Banerjee, Surana leave Juris Corp
Sivaramakrishnan, Mahapatra, Banerjee, Surana leave Juris Corp

Juris Corp has issued a press release announcing the resignation of four partners - Veena Sivaramakrishnan, Sandeep Mahapatra, Debanjan Banerjee and Abhinav Surana.

The firm’s founder H Jayesh commented in the statement: “Sandeep & Veena have been an integral part of the firm for many years. It has been immense pleasure working with them and with Debanjan and Abhinav. I thank all of them for all their invaluable contributions and wish them all the very best in their future endeavours.”

Banking & finance partner Veena Sivaramakrishnan - a 2004 Nalsar Hyderabad graduate who had begun her career at JurisCorp, returning in 2009 as a partner after nearly three years at ICICI Bank - commented in the release: “Juris Corp, and Jayesh in particular, have given me the opportunity, space and platform to grow as a professional and develop as a person. The faith reposed in me by the clients across the globe and colleagues, teammates and friends in the industry and outside is something that I am grateful for.”

We have not yet confirmed the four’s future plans, but have reached out to all for comment.

2002 Jawaharlal Nehru Vishvavidyalaya graduate Sandeep Mahapatra had joined the firm in 2012 from FoxMandal Little, as it then was, where he was litigation co-head in Delhi.

1999 Calcutta University graduate Debanjan Banerjee had joined only last year to set up the firm’s Bangalore office, specialising in M&A and private equity.

Private equity partner Abhinav Surana had joined in January 2016 from Cyril Amarchand Mangaldas in Mumbai, having started his career at Herbert Smith Freehills in 2007 for two years.

According to the press release, Juris Corp having started as a “boutique banking & finance” firm in 2000, has “over the years grown its practice multiple-folds” and “the past few years have seen it grow its litigation, M&A, private equity, corporate commercial, real estate, start-up and fintech practices”.

The statement added:

Juris Corp had an exciting 2016-17 with revenue growth being highest in the last 6 years. This is due to the strategic growth initiatives undertaken at the Firm in the past couple of years. “The journey in the past two years has been very exhilarating and we will now be building upon it in the coming years with further reorientation,” added Jayesh H.

That’s in part true: the firm had promoted two in March 2015 to take the partnership to seven in size, made a few lateral hires with Trilegal’s Ananda Pal, Sandeep Mahapatra from Cyril Amarchand, opening an office in Bangalore with Debanjan Bannerjee, promoted one in February 2016, and promoted two in January of this year.

However, not counting the four exits now announced (of whom two were hired in the last year as set out above), that is not the entire story, with part of those headcount gains also having been reversed with two lateral hires having left a short while after they joined: in January 2017 partner Jeet Sen Gupta returned to Economic Laws Practice (ELP), and one year ago, partner Aninda Pal joined HSA Advocates.

Also around one year ago, long-time partner Detty Davis went in-house.

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