Khaitan & Co has moved into a managed offices in Bengaluru operated by its client WeWork, with a seating capacity of 150, which is nearly double its current local headcount; in the National Capital Region (NCR) it has relocated to a state-of-the-art but more traditional office space in Noida from Delhi.
However, despite WeWork being known for providing flexible seating and co-working arrangements, the move to a WeWork-managed space in Bengaluru by the law firm predates the Covid-19 crisis and the firm’s decision that everyone will by default be working from home until the end of this year.
The same is the case in the NCR, where it has moved into the Max Estates-owned Max Towers property, which is near the Noida Sector 16 metro station, and between three flyovers (DND Flyway, Dadri Main Road/ Noida Expressway, and Amaltash Marg).
Amar Sinhji, Khaitan & Co executive director for human resources (HR), said: “Relocating to a better and bigger space in both Delhi and Bengaluru was on the cards for a while now, given our steady growth and our commitment to provide a modern working environment to our members and clients.”
“This move is a significant milestone in our long-term expansion plans in India,” he said. “We are very bullish about our future in Bengaluru and Delhi and hence have planned for almost double the existing capacities.
“We foresee steady organic growth in both the cities with an expansion of our current client base and the growth of some of our niche practices.”
Delhi to Noida
In the NCR, the move to two floors in Max Towers (see picture above) gives Khaitan total seating for 350 people.
This is in addition for capacity for another 138 clients and visitors in spaces such as conference rooms, etc, plus space for another 20 in the basement.
That is space for more than another 100 staff in the NCR region, where Khaitan currently has a total headcount of 240, including 188 lawyers and 53 non-lawyers providing support and other services.
Managed Bengaluru space
In Bengaluru, the WeWork India property is its so-called Embassy Quest location in Richmond Town (which is owned by the Embassy Group real estate giant, as all of WeWork India’s local operations).
Khaitan was paying WeWork for a full seating capacity of around 150 members in the office (rather than only having an option to scale up later), confirmed Sinhji, which was “almost double our current member strength of 80, to account for steady organic growth” in Bangalore.
The deal had been in the works for nearly two years and was not at all related to Covid-19 (or its announcement last month that it would make working-from-home the default option until 2021).
That said, in a report by Moneycontrol about Khaitan’s move, the ability to easily scale up further (especially since the space is fully managed) was also part of the rationale. Bangalore-based senior partner Rajiv Khaitan had said: “The nature of the workspace required by law firms has been evolving over the years, and the needs have particularly changed during this global pandemic. WeWork’s unique ability to provide fluid, flexible and managed workspaces made the decision to partner with a leader such as WeWork an easy one.”
Currently Khaitan has 77 staff in Bangalore, including 55 lawyers (including 12 partners), plus 21 non-lawyer “shared services” staffers.
The average age of staff at the office was a young 34, Sinhji confirmed.
Perhaps that is in line with WeWork’s well-known branding as a hip young workspace with lots of amenities for its tenants (even if the company itself may have struggled in ensuring any profitability in its breakneck expansion and having faced a global working-from-home pandemic where physical office spaces have increasingly become optional).
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Oh. And doodles.
Keep slogging away.
Kian, perhaps you should do a story on the fancy wheels owned by the Elite Partners!
Why is a person not allowed to be frustrated with the way things are?
Jokes aside, genuinely and pleasantly surprised that L&L paid out bonuses in full.
1. On a serious note: They usually pay bonus before the retreat, which is usually August/ September. No official announcements have been made about any deferments, but the word on the street (read broadband/spectrum) has been that it is being deferred. Some people have tried to guess the breakup of deferment – but that’s purely guess work. Only solid news seems to be the deferment.
2. On a funny note: As a trick scenario, the firm can always say that “as always, bonus will be paid right before the retreat” ;) – And then we all look forward to the 2021 retreat.
I am sure this move is for a considerable period and the price and escalation locked in.
It is taking advantage of the current situation - that's it. Wise commercial move.
The partners think they own their associates’ asses.
They are getting crankier (way beyond what they usually used to).
They think everyone is having is easy, sitting at home, idling, doing nothing. They are the only one working in their team.
They are depressed due to the lock-down and the unique challenges posed by it – teams understand that. But they absolutely refuse (stonewall) to understand that they are not the only one facing the situation and subject their teams to excessive shouting/ humiliation.
Constant nagging and cribbing.
Constant shouting/ humiliation, way beyond the ‘accepted’ standard shouting/ humiliating.
This is just a gist – the list is endless.
I know it's not true for all teams/ partners, but the ones who are facing this issue (even a conservative guess would be 25-50%) are really frustrated.
Your sense of entitlement is evident. Your partner is trying to ensure that there is enough work for you so that your existence can be justified and your sorry ass is not tossed out. Trust me there are many out there who need jobs. No one is irreplaceable.
WFH does not mean you goof off playing PUBG. You're getting paid to sit your ass at home because your employer cares about your safety so be appreciative of that.
Grow a pair and stop whining. You're lucky to have a job in these troubled times.
Now get back to your proof reading.
The true import of this shift is quite obvious. Delhi to Noida means lesser rents. Bangalore-WeWorks means much lesser daily rentals and probably offset with part of the WeWork-KCO retainer.
If that be the case, what is all this bakwaas about being "bullish". You are bullish about the future if you buy office space, not if you take daily workstations from WeWork. That in fact, is the distinct sign of being pessimistic about the future.
Please analyse and don't merely reproduce.
Quality of work will suffer.
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