Amarchand comp quasi-partner Paku Khan to join Khaitan & Co Delhi by June 2012

Amarchand Mangaldas Delhi director Paku Khan, who holds a partner equivalent position in the competition law practice, has resigned to join Khaitan & Co in Delhi as a partner.

Amarchand Delhi managing partner Shardul Shroff said: “Paku has resigned on 1st December and still has to serve out a six month’s notice period at New Delhi, with the firm as per his terms of contract.

“The firm will relieve him on 31st may 2012/1st June 2012.”

Khan was promoted to a partner level position in October, although he remained with the director job title.

He is qualified to practice in Ireland and the US and is a person of Indian origin (PIO). He is understood to have applied for recognition of his overseas law degree from Vanderbilt College with the Bar Council of India (BCI) so he can qualify in India.

Khan and Khaitan & Co declined to comment at the time of going to press.

Amarchand Mumbai partner Ganesh Prasad resigned to join Khaitan in Bangalore, as reported by Legally India yesterday.

Comments

Suits .....LA Law 9 Dec 2011, 16:20
+3 -0
did not getting why khaitan is hunting amss tigers one by one....is this something like boston legal end..when chinees take over crane pool and smith.....never wonder if amss become kmss sonn..........danie crane
Observer 9 Dec 2011, 16:22
+4 -1
It interesting to see how K&Co. is acquiring startegic talent and expanding in a manner that will certainly make the competition sit up and ask why people leave them even at partner (or partner equivalent level). If recent trends are an indication it seems K&Co is hiring every talented Indian or PIO lawyer looking to move back to India!
Anon 9 Dec 2011, 16:45
+1 -1
Havent seen paku at cci on any matters... What was his role at AMSS and what role is he now taking on?
were ganesh and him recruited together?
What about manas who is still at khaitan? Is he leaving?
Anon 9 Dec 2011, 17:12
+3 -1
what is a quasi partner?? if he is not an indian qualified lawyer, is it not an illegal practice of law? In the absence of a proper indian qualification, this sort of surrogate and illegal practice is quite strange! Why do the indian law firms blow hot and cold about foreign lawyers???! The Bar Council should investigate Khan's status and check what he is doing in India as a quasi lawyer and investigate the entire matter.
NLS alum 12 Dec 2011, 07:35
+1 -0
The rules don't apply to AMSS, didn't you know? When he joins Khaitan, you can bet there will be a lot of noise, none directly attrobutable to AMSS, which will question the legality of his practising in India.
Anon 9 Dec 2011, 17:23
+4 -0
Khaitan - you cant build a firm just by buying random partners from different firms! that strategy has never worked for anyone! its a train wreck waiting to happen....
Anon 9 Dec 2011, 18:37
+2 -0
As long as it is under the supervision of an Indian lawyer like Pallavi or whoever, its ok. Quite a catch for Khaitan!
Anon 9 Dec 2011, 19:04
+0 -0
KCO hires and then frustrates the like of Paku and M.... I am surprised that even through KCo Delhi has no or very less work after Sec 5 notification competition work why they need another specialist. Manas will be enough to deal with matters...KCO hires but does not have enough work to keep their associates or even specialist partners busy. May be Paku has promised book of business to KCO. This in no way means that AMSS is better.,,
Kolaveri Di 10 Dec 2011, 03:31
+2 -0
It is rather funny to see people target Khaitan which it's aggressive hiring and ambitious growth plans. I have been the industry for a long time and know for a fact that people in AMSS and AZB were not able to move to equivalent good law firms because lack of options in Indian market. AMSS and AZB have also some informal non-poach agreement which makes it difficult for people in these firms, and have to continue to stay back even if they are competent but dissatisfied with their roles in these firms.

Khaitan is a great firm, has one of the lowest attrition rate and has come up before some of these hirings. I am sure we are going to see rise of a formidable firm in Khaitan, and a genuine alternate to AMSS and AZB.
Hag 10 Dec 2011, 06:26
+4 -0
After being in the legal industry for a while now, I can tell you that not all is well AMSS and AZB ever since Kco has become a direct competitor to these firms in every sense and why not? The Shroffs and Zia have historically been bad employers for people leaving and the 6 months notice period just affirms that. Who in their right mind would want to keep a guy moving to a competitor for so long? Either they are overlooking the fact that they are an institution and acknowledge openly in their behaviour that it is a true loss to the firm. This only makes the profile of Mr. Khan as an indispensable part of the firm stronger and would ensure clients follow him given that Shroffs think the same. I hope the Shroffs [...] loosen up their purse strings and their [...] behaviour else this will only be a growing trend.

Can such behaviour ever be amicable? I predict more exits!
Knowitall 10 Dec 2011, 06:30
+2 -0
Also hear that a few more partners at a senior level are quitting AMSS and this is being hushed up [...]. I am sure they will come out with some announcement to save their faces soon after these departures on their recent family revamping of their partnership which was disastrous to say the least!
khaitan 10 Dec 2011, 09:57
+9 -0
Dont they make fans?
Insider 11 Dec 2011, 06:50
+3 -0
Isn't Paku joining Khaitan Bombay office? Amarchand Delhi's competition law practice is entirely a family practice of mother, daughter and son in law. Paku will be impossible to replace.
kianganz 12 Dec 2011, 07:13
+2 -0
According to several very authoritative sources Mr Khan is joining in Delhi, not in Mumbai.

This is contrary to an erroneous report on another website.
so funny/uninformed 11 Dec 2011, 09:24
+2 -0
Interesting how ppl commenting on paku's competence/him being irreplacable without any basis... As the article points out his only real experience is working in ireland and then at amarchand... What's the big deal? So many indian lawyers with better experience such as mr sameer gandhi, mr anand pathak, mr mm sharma... Paku who?
CCI junky 11 Dec 2011, 21:48
+1 -0
Agree with so funny/uninformed about all the fuss concerning Paku. He may have the skill set but seems so out of sync with Indian way of law practice.

The competition law practice in India is all about learning by doing. There are some like Samir and Anand Pathak who are doing good work, but make no mistakes, they are no experts either. There are getting there. What firms need is young partners who are willing to learn and a bunch of good associates, with good academic background in competition law ( there are a few who spotted the opportunity & have invested in competition focussed llms). As for Khaitan, neither Paku nor [...] fit the bill.
Observer 12 Dec 2011, 03:48
+0 -0
While I am now a great fan of Kaithan, I do have doubts about some of their hires. I do think hiring Ganesh and Paku will immensely add value to Kaithan. However, I am more concerned about the other hires – [...], in particular. Query if these hires were sensible if you want to be a Tier 1 firm? No criticism in terms of either [...]’s or [...]’s ability as lawyers – I am sure that both of them must be very good lawyers, else Kaithan would not have chosen them. But these two individuals just don't have the market presence which a Rajath, a Murali or a Bharth bring to the table. Is this truly an equal partnership?

The next criticism is one of lockstep. Since Kaithan has not made any announcement re lockstep, I assume that Kaithan are on an eat what you kill model. Again query if this is the best model when you want to establish yourself in the market as a Tier 1 firm?
Kolaveri Di 14 Dec 2011, 06:33
+1 -0
To the extent I know, Khaitan does not have lockstep / eat what you kill model and has a merit-based system. Khaitan also does not have a managing partner and is a committee managed firm. I have heard it is the only firm with a 360 degree partner evaluation as well done by Hewitt. They certainly seems to have a strategy in place.
Anon 12 Dec 2011, 08:25
+1 -0
The CCI must prohibit any Private Law Firm to represent it before the COMPAT and Supreme Court and simultaneously allow it to represent private clients before the CCI. These are basics of legal practice and principles of naturual justice.
Lawyer 13 Dec 2011, 04:15
+2 -0
Could you please elaborate!
Anon 12 Dec 2011, 16:51
+0 -0
Bharth or Bharat - market presence? Mr Observer you need to visit Indian market (means work in Indian market) to understand who has market presence or not...but in all fairness Khaitan is on "eat what you kill model" as observed by you.
XYZ 13 Dec 2011, 10:54
+0 -0
Pakhu please rethink and once again do a market and an organisation research before joining KCO.Pls speak to the people working in KCO before taking this decision.
richard whish appointed 13 Dec 2011, 13:06
+2 -0
As special advisor to amarchand?
If thats true, its quite a coup!
Lawyer 13 Dec 2011, 14:26
+1 -0
First, many congratulations to Paku on his move. Khaitan is really spicing up the upper hierarchy of the Indian legal industry and deserves compliments for its well thought out strategy on acquiring talent with an outlook towards future expansion and opportunities. Competition is always good for the industry.

If one were to track Khaitan's hiring in the last two years, one would see a definite design. Khaitan first acquired a couple of guys from JSA. Then there were some good hirings from Indians working in foreign firms. Thereafter, it was AZB. Subsequently, Khaitan acted smartly and promptly in picking up people from Thakker last year after news spread that Thakker was closing. Now, probably, the hunting ground is AMSS.

Mobility of professionals amongst law firms is good for the professionals at large as this will compel the firms to think seriously about things like talent retention and integration. However, at the same time, it must be mentioned that this is not good for the clients of firms from where these professionals exit. Having said that, I really doubt whether exits are going to effect a firm like AMSS, whose core remains intact notwithstanding the departure of the Bharuchas.

Time for AMSS and AZB to start giving serious thoughts about talent retention and the developments in other law firms. However, retention of talent is a matter that needs an understanding of human psycology above all things. Law firms need to be more sensitive on this count. The BCG proposed mechanism may not work out well in India though it may work great abroad. As for Khaitan, it needs to ensure that the lateral hires taken on board in the last two years integrate well with the firm. Secondly, market indications are a little gloomy and Khaitan has to work hard to ensure that there is sufficient work for an increasing work force. A couple of years down the line will actually say whether the hirings were wise or otherwise. In any case, the Indian legal market appears to be volatile and interesting to watch.
In House Counsel 14 Dec 2011, 04:54
+0 -0
Great post. Very valid point on the dearth of talent management and retention practices at AM and AZB. It's a major headache for any client, when you're constantly dealing with new associates, struggling to catch up.

Also, Khaitan certainly does seem to have a plan. Watch out for the next wave of hiring, this time for the second rung of principal and senior associates.
XYZ 14 Dec 2011, 05:39
+0 -0
There is no doubt that Khaitan is hiring from good law firms but the problem is retaining the talent. There is very little work to feed the aspiration of professionals and due to this the management after maximum period of two years start to create a situation that the partner/associate has to leave or is sidelined and disgraced and this trend is very evident in Delhi office. One has to keep in mind before joining Khaitan that they must leave in two years time. The management in Delhi office is highly unprofessional and hence in all fairness when people from AZB, JAS or AMSS take a decision to join Khaitan they must tread very cautiously.
Kolaveri Di 14 Dec 2011, 06:35
+1 -0
Yes, their Delhi office seem to have faced some problems in the past. I am told they have recently attracted very good talent and also had got "rid-off" some non-performers. Generally, I am told that they have very low attrition rate.