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AZB cap markets count down (but not out): Delhi SA Nirupama Ramakrishnan joins JSA as partner with 3 • 3 exit in Mumbai-Pune for Trilegal

JSA boosts CM team with Niruphama Ramakrishnan from AZB | Trilegal also benefits
JSA boosts CM team with Niruphama Ramakrishnan from AZB | Trilegal also benefits

AZB & Partners Delhi senior associate Niruphama Ramakrishnan has joined J Sagar Associates (JSA) and its recently-expanded capital markets team as a partner, with three other fee-earners from Delhi from 1 April.

Ramakrishnan is a 2009 Nalsar Hyderabad graduate who had previously also worked at erstwhile Amarchand Mangaldas and S&R Associates, before moving to AZB in 2019.

She joins ex-AZB partner Madhurima Mukherjee, who had moved to JSA in mid-2020 as a consultant and became equity partner there last month.

Ramakrishnan was joined at JSA Delhi by two senior associates and one associate, all also from her team at AZB Delhi.

Delhi managing partner Ajay Bahl commented last month: “We wish them well whatever they do next and wherever.”

Mumbai region also loses 3 fee-earners following Choudhary exit

Meanwhile, two fee-earners have resigned from AZB’s capital markets practice in Pune and one in Mumbai.

All three are understood to be joining Trilegal, where former AZB Pune cap markets partner had Richa Choudhary joined in February as a partner.

The Mumbai partnership’s managing partner Zia Mody confirmed the departures and commented: “We wish them all the very best.

“We have successfully hired to fill the gaps. Our cap markets capabilities continue as before and will be back to full strength very shortly.”

According to AZB’s website, there are currently two partners remaining in AZB’s capital markets practice: Agnik Bhattacharyya in Delhi and Varoon Chandra in Mumbai.

Correction: In AZB Mumbai partner Lionel D’Almeida also practices capital markets and securities.

The AZB capital markets’ associate headcount is understood to therefore have been severely depleted by the moves, though Mody said that several offers to hire fee-earners had been made and accepted both in Delhi and in Mumbai.

Niruphama RamakrishnanWork history From: Apr 2021: Partner, J. Sagar Associates (Gurugram) Jun 2019 - Apr 2021: Senior Associate, AZB & Partners (Noida Area) Jul 2014 - Apr 2019: Associate, S&R Associates (New Delhi Area) Jun 2013 - Sep 2013: International Finance and Development Fellow, The World Bank (Washington D.C. Metro Area) Jul 2009 - May 2012: Associate, Amarchand Mangaldas (Mumbai Area)Education 2004 - 2009: NALSAR University of Law, , 2012 - 2013: NYU School of Law, Master of Laws (LL.M.),
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