Cyril Amarchand Mangaldas (CAM) Mumbai financial regulatory partner Ipsita Dutta has left the firm, according to authoritative sources, and is understood to be joining Morgan Stanley as an executive director in the legal department.
Dutta made a partner at what-was-then Amarchand Mangaldas in 2012, having started at the firm in 2005 after graduating from NUJS Kolkata.
We have reached out to CAM managing partner Cyril Shroff commented: “We are very pleased for Ipsita. She is exploring new ground and we wish her the very best.”
Dutta declined to comment when contacted. We have also reached out to Morgan Stanley for comment.
Shroff added: “It is a fairly deep practice and the next level and the rest of the team is fully ready to take the practice forward. They will grow even faster in this exciting practice.”
Her departure, while not to a rival, is the latest in a line of departures in CAM’s Mumbai corporate practice, including partner Ashwath Rau and three partners in his team, Ganesh Rao, Dhruv Singhal and Anu Tiwari, who all moved to AZB & Partners, as well as Himanshu Dodeja, who joined private equity firm Blackstone in April.
CAM partner designate Prerak Ved had joined AZB as a counsel earlier this month.
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All the best to Mr. Cyril Shroff..!!
Cammie bhai, what you see next level stuff already happening. Jai ho Rishi baba!
Of course it's only good news.
In india only engineering graduates from IIT are considered to be worth of becoming I bankers.
How's that student loan and one room studio treating you?
Write this as I sit in my chauffeur driven Bentley smoking a MonteChristo.
Students pay lakhs of rupees but are not getting quality education.Even top nlus are not able to attract quality teachers and those few who come, leave soon. Pls. Keep on reporting such exits which I hope will make some difference and will be a great help to the student community and service to the system.
Overall Satisfaction (25%); Hours (10%); Compensation (10%); Business Outlook (10%); Substantive Work (10%); Associate/Partner Relations (5%); Leadership Transparency (5%); Formal Training (5%); Informal Training, Mentoring & Sponsorship (5%); Pro Bono (5%); Overall Diversity (5%); Career Outlook (5%).
A report like this would surely help fresh law grads as well as lateral hires.
Now let us flip it around and apportion weights (to what law firm owners look for when they look at young ones):
Contribution to Billing: 30%
Willingness to Not bitch: 20%
Willingness to Admit and Acknowledge when fucks up: 10%
Willingness to appreciate that it is a sea of sharks out there and there are No free lunches: 10%
A decent academic background: 10%
Demonstrating the ability to be a potential rain-maker: 10%
Showing respect and being punctual: 10%
Cribbers shall crib, quitters shall quit. The deep divers shall withstand pressures, hold their breaths, hang in there and come up with the pearls.
Nikalna khuld se aadam ka sunte aae the lekin,
Bahut be aabroo ho kar tere kuuche se ham nikle.
Seriously though, re NUJS, could you share names of those who are not being given permanent position and who are upset about it (I'll redact the names)? Also, I here NLS is doing exactly the same thing re not offering permanent positions to teachers for whatever reasons.
NUJS admin isn't great, especially compared to predecessor, but to be fair, I haven't heard students complain about it hugely?
"We have reached out to CAM managing partner Cyril Shroff commented: “We are very pleased for Ipsita. She is exploring new ground and we wish her the very best.”
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