Cyril Amarchand corp partner Gurpreet Vasir Ashar to leave

Gurpreet Vasir Ashar leaves for pastures still unknown
Gurpreet Vasir Ashar leaves for pastures still unknown

Cyril Amarchand Mangaldas (CAM) Mumbai corporate partner Gurpreet Vasir Ashar has resigned.

We have not been able to confirm where she will be heading.

Ashar is a 2003 NLSIU Bangalore graduate who had joined the firm on graduation.

We have reached out to her for comment but have not heard back.

CAM managing partner Cyril Shroff commented: “We wish her very well.”

Update 18:48: In an article published just now on Bar & Bench, Shroff commented: “She is moving on for a lifestyle choice with our blessings and goodwill. As a law firm we will have lawyers make lifestyle choices.”

Her resignation coincides with that of Mumbai corporate and financial regulatory partner Ipsita Dutta, as reported earlier today.

It also follows CAM’s Mumbai corporate practice losing partner Ashwath Rau and three partners in his team, Ganesh Rao, Dhruv Singhal and Anu Tiwari, who all moved (click to read) to AZB & Partners, and Himanshu Dodeja, who joined (click to read) private equity firm Blackstone in April.

CAM corporate practice partner designate Prerak Ved had joined (click to read) AZB as a counsel earlier this month.

Comments

Burning ship!?! 25 Aug 2016, 13:22
+10 -3
CAM is a burning ship!!
Only logical now for Gurpreet AND Yash to join Uncle SAM!
Tea 25 Aug 2016, 13:30
+3 -4
Great lawyer. Best of luck GVA.
Cammie 25 Aug 2016, 13:43
+19 -1
Ashwath Rau
Nisha Uberoi
Ipsita Dutta
VP Singh
Gurpreet Ashar
Ganesh Rao
Anu Tiwari
Dhruv Singhal
Himanshu Dodeja
Niraj
Alok
Seshagiri
Rahul
Prerak
....15 CAM partners who have quit since April. CAM OVER.
Next... 25 Aug 2016, 13:51
+32 -2
Next headline should be "Explosive: Cyril and Vandana set to leave CAM"... Then only Rishi Bhai stays....
LOL 29 Aug 2016, 17:07
+0 -0
Have only one thing to say……LOL
Zia rox 25 Aug 2016, 14:29
+7 -0
"lifestyle choice" seriously
Zia rox 25 Aug 2016, 14:30
+18 -2
Will the king of capital markets also quit?
2+2 25 Aug 2016, 15:32
+12 -1
Padmini quit first and then VP, Gurpreet is leading the way for Yash
alaiis 25 Aug 2016, 14:52
+10 -1
Spouse will follow. Yash Ashar next. This is a repeat of Padmini quitting before VP.
Pattern 25 Aug 2016, 19:43
+4 -2
Same with Ganesh Rao :/ Hope Dhruv is not followed.
anyone still in there 25 Aug 2016, 15:43
+2 -1
is any one still with CAM or the entire bunch has got off the ship ?
Nahin!! 25 Aug 2016, 16:25
+0 -4
Gurpreet, we will miss you!!!!
ash1 25 Aug 2016, 16:57
+4 -1
heard ashar may follow suit? is it true??
Sallu Bhai 26 Aug 2016, 04:00
+5 -1
Ya he is heading to AZB what I heard
Chai boy 25 Aug 2016, 17:09
+14 -0
What does this mean-as if they dictated the choice "As a law firm we will have lawyers make lifestyle choices.” Strange choice of words from Cyril.
Guest 25 Aug 2016, 17:33
+5 -0
Kian, are you watching the newshour?? Arnab is going ****ing crazy!! He has leaked tapes of Peter Mukerjea and lawyers on the show have declared that this is enough for a conviction!! WTF is this? ?And Peter Mukerjea's son brought up Arnab's wife conflict of interest and Arnab shouted him down.

Please report this. This is blatant contempt of court.
The Truth 26 Aug 2016, 10:25
+9 -0
Law Firm is a small world starts with eye contact - Intern - job - love - marriage/ break up - accordingly quit and join and move around the same circle - getting old - start a small firm or counsel practice or GC - Owners happy with promoting their son. daughter ( only constant )
Aww 26 Aug 2016, 14:31
+8 -0
Its sad...but true...cute girl joins biglaw, you fall in love with her, things look great, realize you are being played, get angry, feel sad, aware of a gaping hollowness, feelings of shame and embarrassment aren't too far off.....finally decide you need to move on (from the girl and from where you work)...problem is you are addicted to the money....you just have to join another biglaw.....story repeat and loop....
@ Aww 27 Aug 2016, 05:40
+0 -0
What do u mean? Can you please clarify?

The story is about a girl who left her firm, but your comment seems to suggest that a boy moved on ... "finally decide you need to move on (from the girl and from where you work)".

Thanks.
Chai boy 26 Aug 2016, 16:57
+3 -0
Good plot wrong comment thread
Big Lawww 26 Aug 2016, 19:15
+1 -1
[...] Ipsita which wipes out a practice. Cam's famous HR rollout had 5 partners address the Firm in May : Vishwanathan, Yash, Reeba, Nisha and Ipsita. Nisha quit, Ipsita quit - two down three more to go. Looks like moreCAM exits in the offing.
Strangeness 28 Aug 2016, 10:14
+7 -7
So what's the verdict? CAM deserves to be hated and all other firms are perfect! If your lives in your new firms have become so perfect, why are you still so hooked onto cam. Is it that junior lawyers or senior partners don't leave other firms or is it that firms other than cam never ever take any wrong calls? If you have left cam and are still so bitter about it, that's your problem and not the firm's. You might have worked for a challenging boss but that gives you no right to judge the whole firm. Once your honeymoon phase at your new firms is over, your life may still go back to being what it was.Any real lawyer / person knows how to handle defeat or a bad past and move on to not repeat past mistakes / decisions. It's time people try to get a hold of their lives than bother about that of others.
Dil pe 28 Aug 2016, 12:03
+7 -1
Dil pe mat le yaar...
Seriously? 29 Aug 2016, 17:11
+0 -1
This appears to be someone from the in house….strongly entrenched and well protected. Other firms may not have a clear vision but deliver more than promised. This place promises the moon and doesn't deliver even the basics. Other firms may not be perfect….but at least they deliver on many counts….
Kala Ghoda 28 Aug 2016, 11:35
+2 -2
Why are partners leaving in droves?

Could it be because there's no one -senior- in their HR team after their HR director resigned around 8-9 months ago? And that partners have no senior figure to vent out their frustrations, if any, to? Surely a senior HR head, who could have calmly talked, soothed, discussed, and lent an sympathetic ear to, could have eased some of the the partner pain, which would have resulted in lower number of senior exits?

Also, some consistent rumors about -entire- CAM IT dept soon to be asked to leave as cost-reduction measure. And that HR will follow suit...

@Kian, Any truths? Investigate?
LANNISTER unpaid debts 29 Aug 2016, 12:34
+6 -0
@kian-why have you not reported about CAM not yet announcing the increments/ promotions, even after promising the same way back in March. Not the first time the management has gone back on their word. Poor workers, rich owners.

Nothing has changed since the times mill workers used to work here in the mills area without pay or disproportionate pay. Just that workers are now white collared workers or in some cases night walkers (read long hours).
kianganz 29 Aug 2016, 12:45
+1 -0
Welllll... Really, "nothing has changed"? :)

Good point though, had forgotten about this...
Hot Gulab Jamun & Rain 30 Aug 2016, 17:13
+0 -0
Kian you really need to post all your comments. Part of the reason CAM is not able to do well is the Mumbai leaders had no definite strategy and believed that they could succeed riding on their brand value. Unlike Zia who totally rocks and generates enough business to feed a nation - Cy and Va have failed on account of assuming their brand was enough and that they did not need to generate work merely because they are managing partners. Instead they ask even the junior lawyers to generate work. Not sure what kind of a business model that is - who knows what next - the security guard will be asked to generate business or leave. They have brought in a rockstar awesome partner to head Delhi and who can turn things around in Delhi but they need to let him do that instead of relying on [...] whose only fetish is are the tables dusted, are the small water bottles being given to associates and big bottles to partners, and dress codes and with no [...] survival technique - pandering to the shroffs. [...] The reason why CAM is in the news for not succeeding is because the original leaders have had no vision and have played with people's fate.