Naik Naik & Co and London-international firm Lawrence Graham (formerly known as LG) have entered into a preferred referral relationship.
Barring client preferences or expertise, LG will refer client’s India-related work to Naik in India and Naik will refer work to LG’s international offices, explained Naik managing partner Ameet Naik and LG’s India head Sunil Kakkad.
Naik Mumbai partner Madhu Gadodia said: “The agreement is essentially about the referral arrangement. But while non-exclusive in nature, the endeavour is to implement it as far as possible and make referrals to the best extent to each other, with obviously client preference over everything else.
“The idea is to look for opportunities for work and referrals and to expand [the practice areas of specialisation] across both the firms.”
Ameet Naik added that the two firms had been working together and regularly cross-referring work since around 2010, so this was the “logical next step”, however, an eventual merger if the market were to liberalise was not even discussed.
“We see it as an exciting opportunity,” said Kakkad. “We’ve known Ameet and his partners for a number of years and watched it grow. The biggest benefit of the arrangement would be to assure LG clients that they would be looked after in as “safe way, as [they] would in London”.
“That’s ultimately at the core of the relationship – a position to respond in the best ways possible to the needs of our clients,” he added.
While most other UK-Indian law firm best friendships have ended and have resulted in lower referrals from non best-friend firms, Kakkad said that LG would continue to use other firms where clients had their own relationships or in particular niche practice areas.
“In any relationships of this nature is a risk to alienate others but we hope these relationships are of a sufficiently strong nature that we continue to have cordial relationships,” noted Kakkad. “We are strictly aware of the risk and will take this risk.”
On the same point Ameet Naik added: “We do a lot of direct work for clients, and our media and entertainment work is quite direct. It really doesn’t affect our relationship with other firms. If a firm wants to come to us with expertise it doesn’t dilute that for us.”
Naik said that while the firm was traditionally heavily media and disputes-focused, the spread has expanded in recent years to include corporate commercial work, private equity and real estate - all areas where the firms would cross-refer.
LG’s India group consists of around 13 to 14 lawyers, with five partners in London and one in Dubai, explained Kakkad, of whom all billed more than a third of their time on India-related matters. He said he hoped that the firm’s new Singapore office would also begin to act as a hub in future.
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Here's the Bombay HC order:- bombayhighcourt.nic.in/generatenew.php?path=./data/original/2013/&fname=PIL6013300713.pdf&smflag=N
Who's there?
No one really cares, frankly.
What the hell is a big 4 law firm?
And 144 crore is not exactly the biggest deal size in the world! Most conveyance lawyers in Delhi / lawyers regularly close 100-500 crore land deals every week.
"Bitches?" very sad to see the level to which discourse has fallen here. It makes me respect this firm even more.
Hint - if you do a big deal, try and act like it's not the first time.
And "Big 4" law firm. Where are you from, Wales?
Now what's wrong with Wales? We are understanding, but let us not get carried away?
Your "So-called" opinion does not matter on every post. Open another website for "quality" reporting and your own orgasmic satisfaction.
More importantly: That "C grade law school" comment and looking down on others is something you'll do well to get rid off! Just because we went to good universities does not give us the right to call others "C grade" (or anything else which is hurtful) unless there is some real need/context. Some good lawyers are produced by non-NLUs as well and not everyone can afford NLU/Ivy League and must start their career at a small firm. Don't insult them.
Most importantly: You need professional help. You are
freakdisgusting.How can you ever say "C Grade". Your so-called NLUs are here for the past 20 approx years.
None of the sitting SC(/HC, subject to correction) or standing SC/HC Senior Counsels are from your NLUs.
Stop being so pompous over your Ivy league education. There are umpteen untapped talents in Non-NLUs, in view of their poor economical background or lack of fin. support from parents/uncles.
Thats bad research. Out of the many NLUs, only NLS has been around for exactly 20 years (20th or 21st batch this year). Dont forget in those days (pre-1997), a lawyer needed 3-5 years of junioring around before being eligible to be enrolled. So the longest time in profession anyone from an NLU has spent is about 15 years making the oldest alumni about 40 yrs old. Now look up how many HC / SC / Senior counsel get their designation / appointment at the age of 40.
Therefore your big talk is very passionate but wholly unsubstantiated and I stick to my stand that firms like Nayak / Naik are fit for C-grade NLUs (or paid) journalism which is what it seems to be.
Ms. Scooty,
Thats poor understanding. I meant doyens in SC/HC so far were not groomed by your pompous NLUs. They are from one of the
C-gradelaw college.Mind you, Legal acumen/research skill are found even outside NLUs and its not the monopoly of NLU Grads
Obviously the judges, counsel, etc. who existed prior to the NLUs were not from / groomed by the NLUs, Jesus what a silly thing to say. Now that the NLUs have been established there is no doubt that the best talent goes to the NLUs and the best lawyers come from the NLUs. Or are you disputing that? Next you will say the best lawyers today come from Amity and ILS??
Where did you get this info from? Pre 1997 - lawyers could enrol within a week of graduating.
There was earlier an apprenticeship requirement under a senior advocate before enrolment which was struck down by the Supreme Court in 1997.
Yes, you C grade college student, none of them are SC judges (didn't know that they could make it to SC judgeship with just 20 yrs after college) or SC/HC counsel. So?
They are still most sought after lawyers when they graduate from NLUs (look at campus recruitments, pay packages and number of partners in law firms). All you C Grade college students/alumni - the grapes are indeed sour
Mr./Ms. Harsh guest, im from one of the most sought after NLUs (FYKI).
Of course, we are not taught (in law school)how to be courteous, that doesnt mean you can brand rest of the law colleges "C grade". The students over there are humans too.
As I was saying they (real talents) would not have had enough opportunity of coming to know about NLUs or rich dad to fund or uncle to put them in a Firm.
Remember, they say a negligible % of NLUs grads become successful independent lawyers ( to be specific, litigation lawyers). How can you say NLUs-groomed Advocates are more successful than __ grade-trained Advocates, when NLU guyz lack advocacy/court craft.
In the last couple of years, Naik & Naik has been involved in almost every other case involving Bollywood studios or for that matter even some Hollywood studios. I would definitely rate it as one of the top entertainment law firms in India.
I can understand why people have not heard of the law firm - they keep a pretty low-profile - I didn't hear about them till I started seeing their name in almost every other entertainment law case from the Bombay High Court over the last couple of years. I guess law firm rankings and advertising need to be reformed completely for the smaller firms to make their services and achievements known to the larger community of lawyers.
I would mention the law schools that I've studied at but I think that's besides the point.
Best Regards,
Prashant (Spicy IP)
People here really don't care about your ratings! You write for SpicyIP so that's your problem. And seriously, even if it were not "besides the point", we would have hardly cared about your education.
Go take a chill pill or better apply to Naik!
As it stands, Without either/or/or any of the above, KG would not have been as charitable as he is towards this (or other similar) firm/s..
As was mentioned someplace, knowing the Law, is about 20% of a legal practice!!
Life, darlings, is a Bitch.. just turn the other 'cheek'. And Smile.
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