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JSA promotes six to partner but equity full at statutory limit


Exclusive: J Sagar Associates (JSA) has made up six new retained partners and 13 new senior associates across its offices, matching last year’s promotion record.

Gurgaon’s new partners are Trisheet Chatterjee and Manvinder Singh in the corporate commercial teams.

In Mumbai Manisha Kumar specialising in M&A, private equity, capital markets and securities, and Anirudh Goyal in M&A, private equity and corporate commercial were given the nod to partnership.

In Bangalore Tony Varghese and Raj Ramachandran became retained partners, with both specialising in corporate commercial while Varghese also deals with dispute resolution and employment issues.

Retained partners are the equivalent to salaried or non-equity partners at other firms.

JSA now has 28 retained partners but has no further space at present to promote equity partners, having hit the 20 partner limit imposed by Indian statute, explained Mumbai partner Dina Wadia.

Jyoti Sagar added in a statement: “We as a firm continue to remain committed to extending equal opportunities to our attorneys for progress within the firm – a truly collegial professional institution which belongs to all of us and without being a preserve of any of us.”

A total of 13 lawyers were promoted to the senior associate rung. Mumbai led with five new senior associates, followed by Bangalore with three, Gurgaon and Delhi each welcomed two and Hyderabad one.

This year’s promotions put JSA just behind Khaitan & Co’s internal promotions in March that added seven to the firm’s partnership tally.

In April of last year JSA also made up a total of six, with one equity partner and five retained partners, while in July 2009 a total of nine retained partners and two equity partners were promoted at JSA.

Photo by Mzelle biscotte

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