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A 2nd corporate boost: Luthra Mumbai snaps up Shardul Amarchand partner Jay Parikh • UPDATE: ‘Exponential’ deal flow growth on cards, vows Saraf

Jay Parikh to boost Luthra Mumbai corporate powerJay Parikh to boost Luthra Mumbai corporate power

In what will be welcome to the firm’s corporate strength, Shardul Amarchand Mangaldas Mumbai corporate finance and M&A partner Jay Parikh is set to join Luthra & Luthra in Mumbai early next month, according to authoritative market sources.

As we had first reported on 15 May, Parikh had resigned from Shardul Amarchand around three years after having joined from Verus Advocates.

He is a 2006 graduate of NUJS Kolkata, who started his career at erstwhile Amarchand Mangaldas, moving to Bharucha & Partners in 2008 after the Bharucha family separated from the Amarchand Shroffs. In 2012, he was one of the early partners to have joined Verus.

Parikh was not reachable for comment.

We have also reached out Shardul Amarchand for comment.

Parikh will be a useful addition to Luthra, which has seen its corporate strength drop in recent years, both in terms of partners and M&A league table rankings.

In January, Luthra had also bulked up its corporate strength in Delhi with Trilegal corporate and private equity counsel Vishwanath Pratap Singh, who had joined as a partner.

Update 1 June 2018: Luthra senior partner Mohit Saraf declined to comment when we requested a comment, but Bar & Bench has also reported his move now, with Saraf confirming Parikh’s joining and adding:

We also believe that in the next 24 months, deal flow at the Firm would expand exponentially, and therefore, we are looking at hiring talented lawyers at mid and senior level.

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1
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Like +2 Object -0 Guest 01 Jun 18, 00:01
Ehievwr called this is in the resignation post is a genius. Or was an insider of course..
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2
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Like +4 Object -2 Intern / Trainee / Par 01 Jun 18, 00:52
Best boss ever!
Wish you all the best!
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2.1
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Like +0 Object -0 Rock star 02 Jun 18, 13:34
I heard he has been offered equity? Is that true?
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2.1.1
Like +6 Object -0 Chamcha 02 Jun 18, 18:36  interesting
No one gets equity in L&L. Whosoever talks about it is daydreaming.
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2.1.2
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Like +0 Object -0 Superstar 06 Jun 18, 00:05
No one moves at this stage of career without equity...he’s on lockstep.

A true rainmaker, great times ahead for L&L and huge loss for SAM.. All the best Jay.
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2.1.2.1
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Like +2 Object -0 Guest 06 Jun 18, 14:00
there is no lock step in luthra
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3
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Like +22 Object -42 Yoda 01 Jun 18, 01:17  controversial
Great catch for L&L, Jay is a star and a big loss for sam. His joining with his team will be a much needed boost for the bombay luthra office, which was raided by cyril once upon a time. In one shot gap created by both Shishir and ashish jejurkar has been plugged. .

Clear sign L&L Mumbai is back in the big league and on track to reclaiming No. 1 position in the Mumbai market it enjoyed 10-15 years ago. All the best Jay! May the force be with you. Don’t forget your old friends big man! Take all clients who love you including me :)
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3.1
Like +16 Object -2 In House Counsel 01 Jun 18, 11:46  interesting  top rated
HAHAHHAHAHHAHAHAHHAHAHAHH AHAHAHHAHAHAHHAHAHAHAHHAH AHAHHAHAHAHAHAHHAHAHAHHAH AHAHHAHAHAHHA...They've never had a Mumbai presence, and are now barely in the big leagues out of Delhi. Every time L&L set up a half decent office in Mumbai, Cyril kneecapped them by poaching away their best lawyers. Don't think anything will change this time around.
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3.1.1
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Like +2 Object -0 Out-house Council 02 Jun 18, 02:22
Thinking is a waste of time! Doesn’t suit everyone. Lets look at facts - someone like Jay moved from Varis firm after being founder to SAM DNA. SAM couldn’t groom the experiment and his talent, given their facination for tier-1 firm hiring in 2015 post split world for new express towers office. Plus too many vested camps and geoupies in new office. Who better than Jay for Administration and BD as any start up firm lawyer has a DYI approach and ence understand needs of new office best.

He was hired by jamai babu on strength of his book, which came with him (no update by new office) and so bery obviously will go with him including his old Varis team that moved with him. ..

A DNA issue with big delhi firm like Sam, but he will thrive under Mohit and rajiv sir in delhi.
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3.1.2
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Like +0 Object -0 Crone 05 Jun 18, 10:53
Isn't it like CAM trying to survive in Delhi and after the reknowned raid at Bombay. May be after Akila agarwal joins, CAM will be able to breathe, LOL!
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3.1.2.1
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Like +0 Object -0 Creamie 06 Jun 18, 00:10
Lies! CAM del has stopped trying now
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3.2
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Like +0 Object -2 The Other Guy 01 Jun 18, 15:41
Am just curious to know why is this comment marked "controversial"?
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3.3
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Like +4 Object -2 Maul 01 Jun 18, 18:43
Don't worry. [...]

Though some more SAM exits in the offing, partners included. Oh and then there is Akila and her team
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3.4
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Like +2 Object -4 Starwalker 02 Jun 18, 01:33
Bang on, everyone is a great lawyer nowadays ..he is a good human being, involved in a lot of pro bono legal work with MSLSA.. rare example of giving it back to the community in middle of overachibing lawyers with their deal reports and fat CVs!!

Also Takes guts to start a firm so early on, given the PQE loss and risk of missing out on big firm deals and experiece, which L&L is perfect platform for.

Give it 5-6 years and hires like jays’ will transform l&L bombay and reclaim its lost glory. Has a fat book and all his. Good luck.
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4
Like +24 Object -3 dualipa 01 Jun 18, 08:04  interesting  top rated
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5
Like +5 Object -0 Gangadin 01 Jun 18, 09:00  interesting
Never knew that LnL Mumbai led in the Mumbai market 10-15 years back when the office was itself opened 15 years back.LnL Mumbai was always an outsider in the Mumbai market and lived of the Delhi office.
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6
Like +8 Object -1 EC 01 Jun 18, 09:20  interesting
Haters would say LL is not Link Legal
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6.1
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Like +0 Object -0 El Cid 01 Jun 18, 16:02
You have got a point there Sir.
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6.1.1
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Like +1 Object -0 EC 01 Jun 18, 16:52
How'd you know its me?
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7
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Like +1 Object -0 Wakanda 01 Jun 18, 10:24
Andersen Global Collaborates with Vaish Associates in India
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7.1
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Like +2 Object -0 kianganz 01 Jun 18, 23:37 LI subscriber
Thanks for the heads up, Wakanda! :)
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7.1.1
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Like +0 Object -1 Wakanda 02 Jun 18, 13:33
Wakanda Forever..!!
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8
Like +11 Object -0 Chai Point 01 Jun 18, 10:26  interesting
Suva, Akila, Jay.... next is Jatin after that Akshay....

Long live SAM Jamai Raja & Co.
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8.1
Like +9 Object -1 Detective 01 Jun 18, 15:56  interesting
Wait till tonight, a big announcement will be made.
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8.1.1
Like +9 Object -0 Thoo 02 Jun 18, 12:09  interesting
No announcement was made
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8.1.2
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Like +0 Object -0 Quit 02 Jun 18, 23:26
Who is joining or quitting Sam now?
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8.2
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Like +3 Object -6 Sour grapes 02 Jun 18, 02:25
System discard talk!! Work speaks for itself, dont need empty vessels . Sam has far outstripped cyril and ruling all charts. Any departures are deadwood related - after 3 years, culling had to begin. Only quality survives and not PR skills mister
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8.2.3
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Like +0 Object -0 Thoo 02 Jun 18, 12:12
Actually it’s the other way round. PR skills matter to bring I. The work. Quality is less in demand.
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9
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Like +13 Object -15 GauravG 01 Jun 18, 13:09  controversial
Only [...] lawyers leave SAM to join LL. I would have understood if he joined CAM or AZB or KCO but....LL seriously?? And let's not heap pointless platitudes for the sake of political correctness
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9.1
Like +7 Object -0 Wtf 01 Jun 18, 22:07  interesting
Dude, he is a partner for a reason. Partners make firms not the other way round. Besides, what if he's a mediocre lawyer? I've heard he's a great guy. Could be a breath of fresh air amongst the assholery that exists in the lawyer circles in Lower Parel. He's gone on to do things that he's great at - just at a different office.
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9.1.1
Like +11 Object -7 GauravG 02 Jun 18, 03:19  controversial
Ideal world: Partner = mark of recognition, rare achievement, rainmaker, leader, yada yada

Real world: Partner = glorified senior associates, natural progression after 7-8 years, only idiots do not become partner. Case in point nearly 95% of 2005-2007 graduates are partner.

Reality is that like many in undivided AMSS he was lucky to become a partner due to the sudden demand for more and more partners following CAM/SAM split. Obviously that kind of designation and salary is not sustainable and the cracks are starting to show now that the honeymoon period is over.

Whatever people may say on these forums LL is much below SAM and a move to LL would only take place involuntarily.
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10
Like +7 Object -0 Sharafi 01 Jun 18, 14:03  interesting
LL Corporate has been driven down by one man who thought that he could take over... Little did he realise that there were other [...] figures above him... Arrogance will get you no where.
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11
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Like +8 Object -10 Holy moly 01 Jun 18, 14:52  controversial
1. Luthra Bombay office has always done good quality work and has lesser politics than the delhi office. Overall more professional and collegial compared to delhi.
2. Delhi Corporate / M&A practice has some M&A partners - including some who strutted around being “[...] partners” for ten years and then overnight became M&A “experts”. Unfortunately, Both categories have failed to get any significant deal flow (look at any league tables in past 3 years) and the problem is lack of merit, no real experience in past few years, and overconfidence. Very sad state of affairs. Best of luck to VP who is a brilliant chap -hope the existing folks will let him be !
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11.1
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Like +2 Object -1 Vice President 01 Jun 18, 16:03
Bro, who is VP?
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11.1.1
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Like +6 Object -9 Your GK sucks 01 Jun 18, 16:55  controversial
He is a star in making. You won't know, because he is out of your reach. Go work.
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11.1.1.1
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Like +0 Object -0 Veep 05 Jun 18, 00:00
Ha ha. You meant JP and not VP. Unless we're talking about someone else, in which case the earlier comment was not too far from irrelevance.
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11.1.1.1...
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Like +1 Object -0 Guest 05 Jun 18, 23:55
Are bhai kya bol Raha hai..kuch samajh mein nahi aaya. Aise hi drafting karega toh senior bahut dhulai karega teri..
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12
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Like +1 Object -2 Chamcha 01 Jun 18, 15:32
Welcome to enjoy the stillness of a graveyard.
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13
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Like +3 Object -4 Update 01 Jun 18, 17:27
Heard Luthra Delhi is doing really well now.
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13.1
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Like +3 Object -5 Kitchen worker 01 Jun 18, 19:38
Heard from where? It's the same old. Infact it seems like a retirement office.
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14
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Like +4 Object -15 Ex Luthra 01 Jun 18, 21:12
Wondering how will the self
acclaimed blue eyed partner in Delhi react to this !!! Definitely with vp and Parekh induction, more competition in Luthra :d
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14.1
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Like +11 Object -17 Jay jay 01 Jun 18, 21:55  controversial
Jay is 10 times more experiendpced than blu-eyed self acclaimed boy. Has great depth, breadth and length of tenure. Will quickly become go to person for Mohit sir. Era of new dawn at L&L. Good luck jay sir.
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14.1.1
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Like +0 Object -0 El Cid 05 Jun 18, 00:01
But what about the existing partners in Mumbai?
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14.1.2
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Like +1 Object -0 Cat 05 Jun 18, 21:03
Curious. Who is this blue eyed boy being referred to in this thread incessantly?
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14.2
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Like +1 Object -11 Detective 02 Jun 18, 00:36
Isn't it a little unfair to put VP and Parekh in same league. Jay has been a partner for some years, started a law firm may be has his own clients. VP on the other hand was just a counsel at Trilegal. No desrepct for VP just feel that it is unfair on Jay to put both of them in same bracket.

Surely getting difficult for blue eyed boy. Ye Neeli Neeli ankhen ho ho ho
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15
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Like +2 Object -0 Censorship 01 Jun 18, 22:28
You guys publish a comment and then some bits of the comment is censored after a few hours. It could be because of any of the following:

1. The filtering of comments is done post publishing as a practice.
2. It is intentional. Create a flutter, get as much traffic as possible and then censor the comment. So everybody is talking more about LI comments less about the article itself.
3. The people involved request / pressurize LI to remove references which could identify them. Either way, it should not be done. It is the worst form of censorship. A fact check could be done and if the comment is blatantly false or defamatory, then only should the objectionable part be censored. Otherwise everybody needs to learn to live with criticism.
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15.1
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Like +0 Object -0 kianganz 02 Jun 18, 00:28
Thanks for sharing, that's interesting.

One of the key goals of moderation is to hit a medium between allowing some reasonable criticism or opinion, but also maintaining a semi-civil or sometimes humorous tone in comments.

But sometimes we make a call after initial publication of a comment that some comments are trollish or not conducive to any worthwhile discussion.
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15.1.1
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Like +2 Object -0 Censorship 02 Jun 18, 00:37
Thanks Kian. But isn't the last line of your comment stating the obvious here? The larger question was 'why'? If there's no need to censor it pre-publication, why such a need post-publication?
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15.1.1.1
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Like +0 Object -0 kianganz 02 Jun 18, 00:45 LI subscriber
Thanks for your response, and good question. In short(ish), because getting the level of moderation exactly right is not always easy, since many times it is about various shades of grey. There can also be alternative explanations for some comments, or hidden meanings in some that only become apparent later on. Sometimes, things that are jokes turn out to be more mean-spirited than apparent. Sometimes only a response to a comment can be good evidence that something does not encourage worthwhile discussion.
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16
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Like +3 Object -5 Sugar Daddy 03 Jun 18, 18:45
LL lit is the only part of the Firm that is doing well. Some great up and coming lawyers there. Corporate has been affected because of bad choices.
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17
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Like +4 Object -10 Bonded labor 05 Jun 18, 12:49
I believe Luthra Delhi office has a lot of people who don't get bogged down with blue eyed boy and his politics. They are only interested in getting good deals and achieve best possible numbers. Neither they have the capacity nor the intention to get entangled into any politics or unnecessary hype surrounding the blue eyed. It's pretty sad that the big man hasn't yet smelled the coffee. But there are still good people in Luthra Delhi office who do quality work and are liked and trusted by clients and are also achieving their numbers comfortably. While the outside world may only know the Luthra Delhi thru the blue eyed, there are many silent but good counsels who are actually contributing to the firm in real sense. Hope they continue to work in the set up. All the best to Jay for his new venture.
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18
Like +6 Object -1 Guest 07 Jun 18, 12:18  interesting
50+ comments, and nothing on Mr. Parikh's hairdo? That's surely the best salt-and-pepper in the legal market. Deserves equity just for that.
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