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Khaitan Sud Partners teeters on edge of break-up along family lines

KSP may dissolveKSP may dissolve

Khaitan Sud & Partners (KSP) is on the verge of a break-up with managing partner Umesh Khaitan, and his son and equity partner Ashutosh Khaitan having now rebranded to operate as Khaitan & Khaitan, according to authoritative sources.

KSP’s third equity partner Malini Sud started up Delhi-based law firm Capex Legal last year, while her son and KSP’s fourth equity partner Tanuj Sud continues to work from KSP’s second office, in Delhi’s Lajpat Nagar, under the KSP brand name.

Tanuj Sud told Legally India that none of the firm’s equity partners had exited KSP’s partnership. He commented: “Nothing is agreed formally yet and I don’t think as a partnership, KSP is prepared to go public about this yet.”

Umesh Khaitan did not respond to calls and messages seeking comment since yesterday. The Khaitans will continue to operate Khaitan & Khaitan from Delhi’s Defence Colony – which was KSP’s office.

Malini Sud declined to comment since last year.

The Linkedin profile of one of the salaried partners part of the rebranded firm states that they are a partner in “Khaitan & Khaitan”.

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By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.
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Like +5 Object -1 Guest 31 Mar 16, 16:29
Again a Khaitan coverage! Please give us a break. Where is the SCAM?
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Like +0 Object -0 SnowWhite 05 Apr 16, 14:42
Probably in Khaitan not paying to Legally India for positive coverage
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Like +0 Object -1 kianganz 05 Apr 16, 14:44
Sorry, please clarify which Khaitan either of you two are talking about: Khaitan & Co, KSP, or Khaitan & Khaitan?

Neither of you are terribly clear (nor terribly certain) which you mean...
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Like +4 Object -0 Truth be told 31 Mar 16, 17:27
The story is that they were operating as different profit centers within the firm itself, so this is just a "formalization" of the split. Of course, Umesh Khaitan doesn't comment, he only does so when someone sues him or his firm!
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Like +0 Object -0 Insider 05 Apr 16, 10:34
They have always had independent profit centers...that's been the firm culture!
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Like +1 Object -1 polit buro 01 Apr 16, 11:05
ha ha....this is probably the first case where the managing partner and his deputy themselves ran away....with practice of course! Now what will happen to others?
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Like +1 Object -1 Guest 01 Apr 16, 11:06
what happened to KJSV? Does it still exist
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Like +2 Object -2 Karma 01 Apr 16, 11:56
Frankly, who cares? Its a doomed firm with average set of lawyers.
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Like +4 Object -1 Vakilsahab 01 Apr 16, 12:29
It had to happen Umesh did a mistake by changing name from khaitan 7 khaitan to khaitan sud,coz Sud always had an agenda having grown from Umesh team how to kill it completely,Umesh chose the wrong mother n son duo to depend upon
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Like +1 Object -1 Bali05042016 05 Apr 16, 14:40
Certainly Umesh made a mistake- somebody at Legally India is after him for no reason. Legally India should rather cover their credentials and good transactions they work on.
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Like +1 Object -0 Alias 11 Apr 16, 15:42
Why would Tanuj Sud ratain the name KSP? We wonder?
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Like +1 Object -0 Reader 11 Apr 16, 15:57
We heard Khaitans are poaching lawyers from the Suds
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Like +1 Object -0 Likeornolike 12 Apr 16, 17:11
@reader are you trying to make KSP appear glam?
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