Thursday, 16 April 2020 17:33Law firmsAn estimated 3 minute read...
Mukherjee to exit AZB and consider options, not just CM
AZB & Partners Delhi-based capital markets partner Madhurima Mukherjee is set to leave the firm for “personal reasons”, reported Bar & Bench.
Update 20:53: She told us that she had been thinking about leaving for the past six months but started talking seriously about leaving around two weeks ago.
Her last day will be 30 April, with the Delhi team of seven fee-earners she had built up from scratch, including one partner, remaining at the firm. AZB’s total capital markets team numbers 15 fee-earners across Mumbai, Delhi and Pune, with a total of four partners.
“There’s going to be a global recession, everyone knows that,” said Mukherjee. “The volume of transactions this coming year will definitely be much lower than the previous years.
“Also, capital markets transactions are long, complex and laborious. While I believe that clients who are raising millions of dollars can afford to pay more for good and specialised advice, the Indian capital markets practice is already a pretty crowded space. Therefore, people will need to think a little out of the box to keep this practice going.”
“You never know where life takes you, so we will see where I end up but the only thing I am clear is that I haven’t quit to do exactly the same thing in a different place,” she said about her next career steps. “I do want to practice law and obviously leverage on my experience over the last two decades but I want to go beyond capital markets.”
Mukherjee noted: “While we were quite successful, that is true - last year we did some of the largest and more significant transactions [at AZB] - it may be better to broaden my horizons to doing other things as well.”
As for non-legal work, she said she intended to continue with some of philanthropic work. “As you know, I have long been associated with IDIA and working with my friend Shamnad,” she said. “Now, Shishira [Rudrappa, IDIA trustee] has been carrying on Shamnad’s admirable work.
“It is a cause I strongly believe in. I have also been doing some work with various institutions organising relief efforts on various fronts and it has been extremely fulfilling at a personal level.
“Now, like many others, I am trying to see how I can help the economically vulnerable in this pandemic. Anything you do in a country like ours is less. Going forward, I am very interested to explore the space more formally and seeing if I could assist CSR activities for clients, which seems yet to be developed to its full potential in India.”
Earlier today, in the midst of the Covid lockdown, she had also been feeding stray dogs in her neighbourhood.
AZB Delhi managing partner Ajay Bahl had told B&B:
Recently, she mentioned that the unprecedented events around us have caused her to reflect on what she would like to consider for herself and where she would like to focus her time and attention going forward.
Given the mixed emotions that most of us are dealing with at this time, I could understand where her decision was coming from, and have accepted it. We wish her the best. She continues to remain a member of our family and those ties will remain unaffected.
Mukherjee had joined AZB in 2014, after taking a year out following her departure from Luthra & Luthra - now called L&L Partners - whose capital markets practice she had set up after joining from erstwhile Amarchand Mangaldas.
Click to show 39 comments at your own risk (alt+c)
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.
The next couple of years is going to be bad for cap marks no new IPO/QIPs - makes sense in her seeing the bigger picture and not adding to costs/expenses of the firm until things become normal again .... Good decision the rat race of topping deal tables is a trap
Wouldn't have been a worse time to onboard such a heavy capital markets team - Assuming there was no corona am not sure if Induslaw was justified in hiring such a massive team! Maybe there didn't have a choice it was probably all or none - They will take 2-3 years to make any money on this investment provides they are able to build up a strong M&A team in Mumbai - On its own, capital markets practice can never be a highly profitable practice. Sincerely wishing them all the very best!
Not an insider. But the lack of likes suggest that you’ve attempted to make a mountain out of a molehill. People don’t relate to your joke. You seem to be that guy/gal who thinks that he/ she is funny. But just isn’t.
No matter where you are, it’s what you make of it. The number 1 universal rule to thrive at any law firm - work hard, serve your cause and be unapologetic about it. Here’s a bonus, universal, rule - no matter what they make you think (presuming you’re worth keeping, and likeable) - your colleagues aren’t your friends, or family. Don’t betray them for the sake of Rule 1, just set healthy and visible boundaries. I leave the rest to you to figure out. Good luck!
Same wine, same bottle, just a different branding. Actually source of the wine is slightly different. It can be traced back to your partners and clients.
Somebody file a PIL please. I am sure Supreme Court will issue an order saying everybody who does not have a dog should take one stray dog each into their house and look after it.
After that they will issue an order that the dogs must only be fed high quality dog food which dog food manufacturing companies should supply for free.
threads most popular
thread most upvoted
comment newest
first oldest
first
I could introduce you to my good friends Wren and Martin.
WHO let the dog out
After that they will issue an order that the dogs must only be fed high quality dog food which dog food manufacturing companies should supply for free.
threads most popular
thread most upvoted
comment newest
first oldest
first