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Advaita, BMR co-founding partner Sujit Ghosh (NLS 95) to leave, become independent arguing counsel

Advaita co-founder Sujit Ghosh latest senior lawyer to leave law firm life for counsel-domAdvaita co-founder Sujit Ghosh latest senior lawyer to leave law firm life for counsel-dom

Sujit Ghosh, the co-founding partner of two best friends of major consultancies - BMR Legal and most recently Advaita Legal - is set to leave the firm soon, we have learned.

Ghosh, the Delhi-based managing partner of Advaita who has also become an avid arguing counsel, is understood to intend to transition to becoming an arguing counsel full-time.

Ghosh had set up Advaita in 2013 with former KPMG partner Sunil Moti Lala.

The firm functioned as a quasi-best-friend of Big 4 global consultancy KPMG, in India.

His Advaita co-founder Moti Lala went independent as a tax counsel and advocate in 2015, starting SML Tax Chamber.

However, late last year, Seth Dua & Associates co-founder Atul Dua had joined Advaita with around 20 lawyers, after Dua’s co-founding partner Sunil Seth had died in February 2017.

Ghosh is the latest in a long series of law firm senior partners who have foregone the law firm life, potentially for the life of an independent counsel.

Considering how much senior counsel charge, even leveraged senior equity partnership at law firms often can’t keep up.

Plus it can be a lot more complicated to administer, run and grow a law firm compared to being independent.

Ghosh is a 1995 NLSIU Bangalore graduate. He had begun his career at Arthur Andersen.

In 2002 he left for Ernst & Young, and in 2004 joined BMR Advisors as a partner. In 2010, he had set up its legal arm BMR Legal.

He specialises in indirect tax and like most senior tax practitioners also argues before high courts and tax tribunals, which can make his transition to becoming full-time counsel fairly easy.

We have reached out to Ghosh and Dua for comment.

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1
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Like +6 Object -4 Big Four 14 Jul 18, 10:21
BMR is not counted as Big Four. It may compete with, and may even be better than PWC, Deloitte, EY and KPMG, but cannot be counted as a Big Four!
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1.1
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Like +0 Object -0 Jackal 01 Aug 18, 15:03
More importantly, BMR does not exist anymore. Merged with Deloitte in 2017.
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1.2
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Like +0 Object -0 kianganz 01 Aug 18, 15:11 LI subscriber
Thanks, have corrected, you're right of course :)
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2
Like +9 Object -4 Wakanda 14 Jul 18, 11:38  interesting
First Sunil Moti Lala and now Sujit Ghosh, two gems in indirect tax practice at KPMG gone. With him goes Satyajit Gupta, a generous man and a brilliant corporate lawyer. Met him and Mr. Ghosh in certain conferences. Its beginning of an end at Advaita Legal.
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2.1
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Like +1 Object -0 Ganlu 14 Jul 18, 20:13
Sunil Moti Lala is a Direct tax lawyer
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2.2
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Like +2 Object -0 Pakoda wala Bhaiya 16 Jul 18, 11:31
The firm was destined to be so......the way it was being built and developed !
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3
Like +23 Object -6 Ghost 14 Jul 18, 11:43  interesting  top rated  controversial
Ditch everyone who joined you for learning and trusted you making a career.. abandon your own baby (though set up by kpmg) for your own motives
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4
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Like +3 Object -3 Refreshed 14 Jul 18, 13:51
Kian: you may want to update this story and also comer Satya’s exit. That’s big one too
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4.1
Like +10 Object -2 Hi 14 Jul 18, 23:40  interesting
Satya is a good guy but is his exit big?
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4.1.1
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Like +0 Object -2 Award 16 Jul 18, 20:50
Why? Isn’t he an award winning lawyer? Pls clarify
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4.1.1.1
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Like +1 Object -2 Awards! 16 Jul 18, 22:20
Satya has won multiple awards, boss.. Is that making you jealous? :)
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4.1.2
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Like +2 Object -1 Eased out 17 Jul 18, 20:15
He was eased out it seems
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4.1.2.2
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Like +2 Object -1 Explorer2 18 Jul 18, 12:49
...is he being allowed to take away his trophies?
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4.1.2.3
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Like +0 Object -0 Rumours 18 Jul 18, 16:21
Stop spreading baseless rumours, Eased out.. Satyajit left of his own accord. You are confusing him with Dr Vijay Aggarwal who was asked to leave..
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4.1.2.3...
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Like +2 Object -0 Carwale 18 Jul 18, 21:22
I doubt he owns an Accord. I think he drives some other car.
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4.1.2.3...
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Like +1 Object -0 Carsonrent 19 Jul 18, 00:18
Kpmg's cab service
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4.1.2.3...
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Like +0 Object -0 Explorer2 19 Jul 18, 11:07
Right! Honda stopped selling Accord in India long back!
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4.1.2.3...
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Like +2 Object -0 Rumours 19 Jul 18, 22:36
What a joke! I think you should get on to the laughter challenge :) As regards cars and cabs, you did point out one pertinent point - the need to seriously look at the use & misuse of Venus cabs (the official KPMG cab service) by some of the partners & directors at Advaita.. :)
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4.1.2.3...
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Like +0 Object -2 Sackings 19 Jul 18, 01:00
Sackings are inevitable in corporate life ... no reflection on his merit
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Like +2 Object -0 Lexpert 15 Jul 18, 11:09
The critical bit is what happens to the firm with Sujit leaving.. I’m sure he will take his key resources over time and possibly his marquee clients too. With KPMG connect, the firm ought to be able to rebuild over time! Fingers crossed!!
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5.1
Like +7 Object -2 Really? 15 Jul 18, 15:38  interesting
After him leaving, who will steward the ship?
The remaining ones are those who are already in their second innings (and few on the verge of retirement itself). Do not expect them to willingly take up the pressures of managing a law firm and ensuring work inflow.
This may as well be a slow death if not an immediate one.
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Like +0 Object -0 but 16 Jul 18, 10:51
This is not an accounting practice to be built over time. This is a law firm and keep that in mind !
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6
Like +5 Object -0 insider trading 15 Jul 18, 18:47  interesting
someone from SAM may join!!
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7
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Like +0 Object -7 Guest 15 Jul 18, 20:24
Atul Dua a Senior one can certainly lead this firm. He has led many big 4 practices in the past. He Co founded his firm. With many recognitions. Atul has been named in 100 legal luminaries of India.
Atul has always run profitable practices and can certainly turnaround Advanta into a profitable practice. By the way, till now Advantage has not been profitable.
Taking Atul was part of the transition plan of Advanta. It's actually the fact.
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Like +0 Object -6 Harry ELIANOS 15 Jul 18, 22:29
Advaita has a Great Senior Lawyer as Atul Dua.
Atul can certainly lead this firm. I think it was the plan. as Bar and Bench say Vijay Aggarwal had retired and Satyajit was exited. ALSO Atul has led many big 4 practices in the past. put on legally India;
Atul has been named in the 100 legal luminaries of India. He was also a co founder of his law firm, Atul has always run profitable practices and can certainly turnaround Advaita into a profitable practice. by the way, till now Advaita has not profitable.
Taking Atul was part of the transition plan of Advaita. It is actually the fact.
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9
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Like +0 Object -8 Elianos 16 Jul 18, 00:58
Advaita still has Great Senior Lawyer.
As Atul Dua. He can certainly lead this firm. Atul has led many big4 practices in the past. He has many recognitions; Atul has been named in the 100 legal luminaries of India. He was the co founder of his firm, he has always run profitable practices and can certainly turnaround Advaita into a profitable practice. By the way, till now Advaita has not been profitable.
Taking Atul was a part of the transition plan of Advaita. It is actually a fact.
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10
Like +12 Object -0 BOT 16 Jul 18, 12:35  interesting  top rated
Are BOTs commenting on LI now?
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10.1
Like +7 Object -0 Pakoda wala Bhaiya 17 Jul 18, 12:01  interesting
I hope Atul sir has not hired this BOT !
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Like +1 Object -0 Explorer2 17 Jul 18, 19:09
...what about PDS? when are they closing down their corporate practice? I heard there is no work as the leaders are busy in partying!
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Like +2 Object -0 Explorer3 19 Jul 18, 12:28
....yeah, last time their so-called MP was looking for a new partner who can bring readymade billing worth 25Crs and take a 3lacs pm salary!
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13
Like +6 Object -0 friend of friend 19 Jul 18, 15:30  interesting
sudipta kidhar hein?
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13.1
Like +4 Object -0 Ghost 19 Jul 18, 21:23
Unhone socha na tha ki sujit aise bewafa niklenge
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13.1.1
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Like +1 Object -0 friend of friend 20 Jul 18, 12:48
woh toh hamesha bewafa the. question is woh andar hein ya bahar hein? off ya on?
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