Five in-house lawyers in Tata Sons’ legal team, which is headed by former Shardul Amarchand Mangaldas partner Shuva Mandal, have moved to other companies in in-house positions over the last year, Bar & Bench has reported.
Tata Sons had been aggressively growing its legal team after Mandal joined in mid-2017.
After the departures, Tata Sons’ in-house team now stands at a headcount of nine, according to Bar & Bench.
Correction: We understand that the size of Tata Sons’ in-house team is now six, excluding Mandal.
Four out of the five leavers had joined the Tatas as lateral hires in the hiring spree within the last two years.
Tata Sons legal team members who’ve moved over the last year, include:
- senior legal counsel Prateek Shroff (NUJS 2010, ex-Cyril Amarchand Mangaldas) joined Brookfield Asset Management as vice president, investments, this month.
- senior legal counsel Abhinav Surana (NLU Jodhpur 2007, ex-Juris Corp) joined Aditya Birla ARC asset reconstruction arm as head of legal in April.
- senior legal counsel Aravind Balajee (NLSIU 2004, ex-Amarchand, Allen & Overy) has moved to Adani Finserve Private Limited as vice president legal in January.
- legal counsel Rishi Sharma (GNLU 2010, ex-Kanga & Co) joined Star TV Network as senior manager in November 2018. His tenure at Tata Sons predated Mandal’s, having started there in 2015.
- legal counsel Supriya Bharadwaj (GLC Mumbai 2004, ex-Piramal Bain Distressed Asset Fund head legal), who had left the Tatas last year, has joined Reliance Capital as general counsel.
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what about sampath is she still in tata?
www.urbandictionary.com/define.php?term=%2Fs
Why not move in-house and instead of being a decision-maker, become an email forwarder. When faced with a problem, call your buddies, get fee quotes, let someone else burn midnight oil for the answer while you wait for their opinions to call them s***. And then all the perks of the corporate abound.
Ain't it a better choice Mr. Blunder?
1. Your impression of an in-house lawyer may be true for the most part but things are changing now and in-house has become very competitive with truly efficient lawyers. I am an in-house lawyer and I do all the work without referring any matter to law firm(s) and when I say work, it includes acquisitions, structuring, investments, strategic partnership, et cetera with the likes of AZB, Shroff brothers, Trilegal and others on the opposite side. There are things in-house offers which law firms generally do not and you are not just stuck with your defined area.
2. 'Long working hours, extreme pressure, taking-calls and responsibility, et cetera' is same in an in-house role because you are responsible for what gets signed. As law firm lawyer we always pass on the decision making to the Company.
3. 'let someone else burn midnight oil for the answer' goes with my point 2 above and why continue in a law firm if it is an issue for you?
While its not true for the majority of the in house teams in India, there are at least 3-4 which operate very efficiently, handle a lot of the work in house, and only outsource it to firms when a vast due diligence is required. They also pay at par with most tier one firms. The up side is you get to learn a lot of the commercial side of transactions sitting in meetings with business heads, structuring transactions, knowing how the financing works, and seeing it from start to finish. Also, no one calls them on a weekend and lights a fire up their ass asking them to send that document in the next 2 hours. You might think you are the bees knees because you're associated with a job that gives the impression of being demanding, but life's a bit more than that.
On a side note, can someone please rank Tier 1 firms on the basis of work-life balance?
one would think the tata culture is soft and sweet and easy. how bizarre.
Is he on the board of all the listed Tata entities? If not, I wonder how they're maintaining the required Chinese walls?
Unless, of course the operating company GCs have complete autonomy.....
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