According to authoritative sources, Udwadia Udeshi & Argus (UUA), which was created in 2012 by merging young Kolkata-Amarchand breakaway Argus Law Partners and Bombay solicitors firm Udwadia & Udeshi, will separate into what remains of the two pre-merger legacy-firm by next month.
A partners’ meeting earlier this week evening resulted in the decision, which will see the erstwhile-Argus law firm demerge from the team under Darius Udwadia. An announcement has been made within the firm, but UUA managing partner Krishnava Dutt did not respond to calls and a message seeking comment.
Darius Udwadia could not be reached for comment by telephone but we have reached out for comment via email.
Udwadia & Udeshi co-founder, Dilip Udeshi, left the firm last year for Dhruve Liladhar & Company as a partner.
His departure was followed by the quitting of three other partners: litigation partner Amol Bavare joined Legasis Partners as a partner and litigation partner Mihir Kamdar joined Financial Technologies (India) as its head legal.
Argus co-founder Ramya Hariharan left the firm in September 2014, with other senior departures having hit the Delhi and Bangalore offices.
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Ramya, Argus' founding partner also left without any real notice. One new partner in Ranjit Shetty was brought in to replace the litigation team.
Lack of transparency, good work and hypocrisy has done this firm in. People who held the firm together were disrespected and diregarded by the senior partners and the managing partners. Eventually when the partners of a firm focus on politics and building sides, this is bound to happen.
This split between Udwadia and Krishnava was to happen last year, but no one knows who blinked and it didn't go through. Udeshi, fed up with the nonsense, quit. Amol and Mihir quit for varied reasons. They were a six member team and they all resigned. One of them continued later, but the others quit.
The litigation team exodus screwed the firm as the profitability came down. Krishnava hadn't really made any headway in Mumbai.
the partner exits have also occurred. Couple of subjective things have been said but the facts are correct.
The real issues are with what is remaining of an institution that had potential.
I'd like to know her comment on this.
And what abt their new "equity" partner. Wonder why he has moved arnd so much. Don't see him having too many clients as well. I guess its just added to the horror work environment there.
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