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Fox Delhi down to 4 non-fam partners as Sumes Dewan resigns

FM Noida: Less full house
FM Noida: Less full house
Exclusive: Fox Mandal Delhi corporate and capital markets partner Sumes Dewan, who joined the firm two-and-a-half years ago, has resigned, leaving only around four non-family partners in the firm’s Delhi office.

It is understood that Dewan’s notice period ends by 30 June, but Dewan declined to comment when contacted.

Managing partner Som Mandal said: “Sumes is indeed moving on as the capital market practice of the firm for which we primarily recruited him has been very quiet.”

Dewan joined the firm as a corporate and capital markets partner in January 2010 from KR Chawla together with Patni Computer Systems general counsel (GC) Ajit Yadav, who has since returned in-house to become group GC and president at Vedanta Resources.

In early 2010, Fox was recovering from a partner exodus following non-payment of associate and partner remuneration, some of which is currently under litigation.

In 2009 the firm’s website listed a total of nine partners in Delhi. Since then new partners have been hired or promoted, but at least 13 partners have also left the firm according to Legally India data, with litigation partner Sandeep Mahapatra having joined Juris Corp in February.

It is understood that there are now only around four partners remaining in FoxMandal’s Delhi office, excluding Som Mandal and his wife Sangeeta Mandal.

Som Mandal declined to confirm the figure, but commented: “We have recently also recruited Asish Swarup, who was earlier in our Chandigarh office as the head and then went on to join MGF-Emaar, the real estate company. He is rejoining us as a partner now in charge of Chandigarh Office and will also head up our real estate practice.”

Swarup was not reachable for comment at the time of going to press.

“There are few more recruitment in the process and we will inform you,” added Som Mandal.

FoxMandal Mumbai recently re-started its Mumbai office after demerging with Mumbai solicitors’ firm Little & Co after protracted litigation and disputes.

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