Law firms

The Indian legal services industry has never quite seen the turmoil that it has experienced in 2016. As generations shift, institutions mature and old alliances and allegiances crumble, the question is being asked: Could it be the end of days or a new beginning?

Clove Legal advised Indian equipment rental company Rent Alpha on investment in it by Hong Kong based investor Bravia Capital which was advised by Khaitan & Co.

IndusLaw and Gibson Dunn advised Amplus Energy Solutions and I-Squared Capital on their acquisition of various SunEdison Special Purpose Vehicles (SPV) developing and operating around 7 MW rooftop solar power assets in India. SunEdison was advised in house.

Veritas Legal, the firm started by ex-AZB & Partners senior partner Abhijit Joshi in 2014, has made its first two internal promotions, according to a press release from the firm.

Cyril Amarchand Mangaldas Hyderabad partner and office head Rahul Sarella has resigned, according to three authoritative sources.

Taxi aggregator Uber started a joint venture with Tata Motors, which envisages Uber drivers buying Tata cars financed via Tata Capital Financial Services and Tata Motors Finance loans with insurance from Tata.

Patnaik now confirmed to be joining Trilegal...

Little & Co shut down its Pune office on 31 March. The office was on BS Dhole Patil Road, near the railway station.

Naik & Naik’s equity partnership grew to five with the promotion of salaried partner Ravi Suryawanshi to equity, in its technology, media and telecommunication (TMT) practice.

Lakshmikumaran & Sridharan (LKS) promoted three partners to executive partner and four joint partners to partner, reported Bar & Bench.

Economic Laws Practice (ELP) advised thermal power company BLA Power on Prism Cement’s acquisition of 15.23 per cent stake in it for 21 crore ($3m). Prism was advised by Shardul Amarchand Mangaldas (SAM).

HDFC Standard Life Insurance, a joint venture between HDFC and Standard Life, will be absorbing Max Life Insurance and Max Financial Services, according to reports, in what is billed as the biggest ever consolidation in the private insurance space in India.

RM Partners won a John Doe order in the Bombay high court today, directing several websites to take down the downloadable copy of the yet unreleased Hindi film Udta Punjab, and temporarily restraining cable operators from telecasting the film.

Clove Legal advised queue management app Sminq on raising $1m from various venture funds led by Saama Capital and Blume Ventures. Saama was advised by Samvad.

HSA Advocates has continued on its self-set expansion course, hiring Sharath Chandrasekhar in its new Bangalore office.

IndusLaw has hired RDA Legal corporate partner and Mumbai office head Anupam Prasad as a corporate partner.