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This article, like many others, was first published exclusively for long-term supporters, 4 hours before everyone else got to read it.

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 power
Jay 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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