Amarchand Mangaldas has replenished its Kolkata office with a partner, hiring Khaitan & Partners office head Niloy Pyne, who will also relinquish in the legal process outsourcing (LPO) company he has been helping set up in the city.
Pyne, who was heading up Khaitan & Partners as a separate subsidiary partnership under Suman Khaitan & Co. Pyne signed his partnership deed with Amarchand Delhi today (2 June) and will join the office on 16 June by himself, with all associates remaining with Khaitan & Partners.
He said: "I've seen the kind of opportunities that are there which are immense actually – we are looking at Kolkata as a gateway to the East, in all spheres, including real estate and a lot of mining work… I will be expanding the business in the East and heading up the arbitration efforts, including international arbitration, litigation mining, real estate, non-core corporate and everything else."
Amarchand had lost its only Kolkata partner Krishnava Dutt last year, who has since been operating Argus Partners.
In January Pyne was also in the process of starting up an LPO in Kolkata as a joint venture with a US health insurance company. He said that the LPO was currently in its pilot phase but that he had informed his partners that it would not be possible for him to continue. "The LPO is going to take a backseat for me for a while," he said, adding that hiring of staff had not yet started. "They are of course free to take it forward on their own but I won't be able to take it forward."
Suman Khaitan & Co managing partner Suman Khaitan is the main equity partner in Khaitan & Partners and he stated that the office would remain open, despite Pyne's departure.
Suman Khaitan told Legally India: "Our firm is headquartered at New Delhi having offices at Kolkata and Chennai. Niloy Pyne is the partner in Kolkata Office. We are committed to the Kolkata Office, particularly in view of our Kolkata roots, and shall continue as before without interruption even if the Kolkata Partners or some team members wish to leave our Kolkata Office."
Pyne said: "[Suman Khaitan] is an excellent lawyer and he's got tremendous experience and he's a fantastic human being. No individual is indispensable to a firm and it's going to survive, and survive very well." He added that Khaitan & Partners would no doubt soon find a replacement to head up the office.
Suman Khaitan & Co consists of four partners in Delhi and one partner in Chennai.
Amarchand regains a Kolkata partner with Niloy Pyne leaving Khaitan & Partners and LPO behind
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Last time Niloy joined Khaitan & Partners he said similar things. Is he going to stay in AMSS for long having had some degree of independence in his earlier positions.
Fox & Mandal
Khaitan & co
Ginodia & co
Sanderson & Morgan & sinha & co
Amarchand is nowhere.People in the hIGh court para dont even know dem.A pity!
They may charge less but the superiority of the top advocates from Calcutta is indisputable. Calcutta is brimming with barristers educated at the Inns of Court in London. You will not find this in other cities. All Calcuttans who have served as the Law Minister of India have been barristers (Ashok Sen, Jolu Mukherjee etc). Even Jyoti Basu did his bar at law from London. Contrast them with Veerappa Moily and Bhardwaj, who cannot even speak English properly! Also, I dare say that students from the top Calcutta schools (La Martiniere, St Xavier's, St James' etc) are far superior to products from other places. I love Calcutta because of its colonial hangover.
What does Amarchand Kolkata do that gets it revenue in excess of the combined figures of the firms listed by #10?
"Why do people from Calcutta only have to fall back on the past ? It shows there is nothing for them in the present. No wonder Calcutta and Bengal is lagging behind everywhere and in all areas."
Sorry, but the state still churns out some of the brightest people in the country.
You can rightly criticise the business scenario of Kolkata which is not quite favourable for law firms - thanks to the communist manifesto. But, if you question the talent of Kolkatans then that will be wrong from your part.
Pranab Mukherjee is from Jangipur constituency from West Bengal. I believe everybody not devoid of fine sensibilities, will agree that he is one of the brightest Statesman India have so far witnessed.
Amar Bose : Founder of Bose Corporation
Raman Roy : Father of BPO industry in India, Founder of Quatrro
Subroto Roy : Founder/Chairman of Sahara India Pariwar
Jawed Karim : Co-founder of YouTube and lead architect of PayPal
Subroto Bagchi : Co-Founder of Mindtree technologies
Bibi Russell : Founder of Bibi Productions
Sadhan Dutt : Founder of Development Consultants of Kuljian Group
Anjan Chatterjee : Founder of Speciality Group of Restaurants
Purnendu Chatterjee : Founder of TCG Group
Prannoy Roy : Founder of NDTV etc.....
I don't think I need mention Amartya Sen, Kaushik Basu, Abhijit Banerjee, Debraj Ray -all world renowned economists.
While I can understand someone having problems with the Communist regime, spewing hatred and trying to prove that a certain community is inferior is something not acceptable. And whether you like it or not, Bengal will continue to produce the brightest minds of this country, irrespective of which political party governs the state.
It's honest people like Raha who are true heroes and not the Ambanis, who the whole of this mentally retarded country seems to worship for some reason.
@34 - yes Raha should be on the list.
There was never any democracy in Bengal......if you did not wear red, you would be killed and dumped in a village pond by Communist cadres, never to be heard of again. So ....no it is not correct to say that 'the people of Bengal have been choosing this party'.
Being a Delhite, I feel Mumbai is not for common man ... no middle class can thrive, only rich and poor - such a pity for the people of the Financial Capital. I know the purpose of the thread have been digressed but still its fun to comment if given a chance ... lolz !!
btw change is coming in bengal.....like in 2009 ...after 32 years...it was the first time people "voted" in west bengal....
For 33 and ppl like him - only those who are unsuccessful criticize others as truely successful ones are too busy to do that.........Kolkata was, is and always will be gr8
I personally feel we should think of india as a whole and stop fighting on region v region or religion v religion or city v city... all these petty debates wastes valuable time & hampers prosperity & development. Arent we all proud of Sachin & Sourav/Saina & Leander/Baichung & Pillay? etc
@ 43 ppl always voted in Bengal...read up your history...and I do not want to get into an ugly debate on party politics in Bengal.......ppl felt a change was neccessary so they voted and they vl keep voting as per their wishes......
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