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End of an era: Trilegal co-founder Anand Prasad to leave partnership for counsel practice, politics (amicably)

Anand Prasad: Going indie
Anand Prasad: Going indie

Trilegal Delhi-based co-founding partner Anand Prasad will leave the firm’s partnership to become an independent counsel and get into politics, three reliable, independent sources with knowledge of the development have confirmed.

It is understood that Prasad will gradually phase our his direct involvement in the firm over the next year and give up his entire equity stake, which is the maximum stake possible, at the top of the firm’s 13-year lockstep.

Update 1030: An internal announcement was made this morning to the firm, stating:

We would like to inform you that Anand Prasad, one of the founding partners of Trilegal, has decided to leave the firm to set up his own independent counsel practice. As many of you know, Anand has always had a passion for political and social activism, and this move will allow him to pursue these passions more actively.

As a first step, Anand will step down from the Management Committee effective March 31, 2016, with the intent to leave the firm on or before 31 March, 2017.

Prasad had been associated with the Aam Aadmi Party (AAP) in its early days but had resigned from the party on account of differences on their approach to the economy and other issues.

His departure is completely amicable, it is understood, and based on Prasad’s personal career goals.

We have reached out to Prasad and other Trilegal partners for comment.

Mumbai-based Karan Singh and Sridhar Gorthi, Bangalore-based Rahul Matthan and Prem Ayappa, Delhi-based Akshay Jaitly and Prasad had founded Trilegal in 2000 by merging their three start-ups that were based Delhi, Bangalore and Mumbai.

Prasad holds a 1987 Bachelor of Science from St. Aloysius College in Jabalpur, and a 1990-LLB from Symbiosis Law College, 

To read about why Prasad is making this move, read his exit interview on Legally India.

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