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Ex-Platinum, W&C, AMSS, NLS Saionton Basu makes partner at Penningtons

Saionton Basu: Delhi to London to Delhi to London to partner
Saionton Basu: Delhi to London to Delhi to London to partner
UK firm Penningtons has promoted Saionton Basu to partner, just over one year after he had joined from Platinum Partners to build up its India practice.

India group co-head Basu, who joined Pennington in February 2011, has become partner in the firm’s London office.

According to a press release from the firm he “made a key contribution to the expansion of the group”, which added several new clients, and he had recently advised on projects for the Pearson Group, Hyatt Hotels Corporation and IL&FS.

Basu specialises in corporate, M&A and projects.

He graduated from NLSIU Bangalore in 2005 and had worked at Amarchand Mangaldas in Delhi and at White & Case in London for two-and-a-half years before returning to India in 2009 to join Platinum.

Pennington’s India co-head and partner Rustam Dubash commented in a press release: “We are confident that in his new role Saionton will continue to make a significant contribution to both our India practice and the firm as a whole.”

Penningtons had 48 partners in 2010. The average profit per equity partner (PEP) at Penningtons was around £241,000 (Rs 2 crore) at the end of the 2011 financial year, according to UK legal trade publication The Lawyer.

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