AZB & Partners senior partner Ashwin Ramanathan, who has been with the firm since 2004, will resign by 1 January 2019 to become an entrepreneur.
The 2000 NLSIU Bangalore graduate, who had started his career at ICICI Bank for four years before moving to AZB, told us that he would be starting a non-law-related business with someone else in the New Year, though he declined to go into details about the exact vertical for now.
“I think it’s going to be tough, it’s going to be a challenge,” he said, about the move from lawyer to client. “I am looking forward to it, but I am nervous as well. Nervous and excited.”
“I have mixed feelings,” he added. “I’m leaving very happy and very satisfied, but emotionally I’m a little sad.”
Managing partner Zia Mody said in a statement: “For us, Ashwin had been part of our core AZB fabric. With us for over 14 years, Ashwin is part of our DNA. As we are part of his. We wish Ashwin every success. We will miss him. Very much. But have no doubt our association and bond with him will continue. We thank Ashwin for all the valuable contribution he has made whilst at AZB.”
Ramanathan added in a statement: “I couldn’t have asked for a better experience over the past 14 years. AZB is truly responsible for my development over this period, both professionally and personally, for which I shall be ever grateful. Even as I look forward to the next chapter of my life, I carry tremendous affection and appreciation for all of my AZB family.”
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(i) is being a senior partner in a tier 1 firm not lucrative enough for someone to think about an alternative career / business?
No its absolutely not! Specially being in Tier 1 you realise how insignificant we are compared to the business side where all the money is. So we end up representing people for whom we are just poor vendors and this tends to eat up insides day in day out. This question itself reveals that the querist is a junior lawyer/law student and its great that such questions are raised.
or (ii) is it the stress that gets to you and reaches a point that you just don't care?
close to two decades in the profession, 14 years at AZB, dont think stress has anything to do with this. My humble opinion, its simple ROE, we start expecting much larger piece of pie after years of slog and value add to businesses
Delhi people dont seem to be sharing any strand of this Mumbai DNA..
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There! Now the statement makes sense.
Abhijit left to start his own venture - this can't be just for more money or less performance pressure. Stress levels associated with starting something on your own and make sure that you stay afloat is not easy, especially when you have been seen as a star, is huge (compare Tendulkar with sanjay manjrekar).
Essa's exit was due to personal reasons.
Shuva's move from AZB to SAM and then to Tata seems to be to get more limelight and then to get freedom from revenue targets and (more importantly) running away from doing jee-hazuuri to any madam, saheb / heir apparent anynore.
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