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Ex-Cyril Amarchand Delhi corporate partner Nivedita Tiwari to join Shardul Amarchand

Tiwari set for SAM from CAMTiwari set for SAM from CAM

Nivedita Tiwari, who had resigned from Cyril Amarchand Mangaldas (CAM) in April, is due to join Shardul Amarchand Mangaldas (SAM), we reliably understand.

At the time of her departure from CAM, she had not yet joined another firm.

We have reached out to her, SAM and CAM for comment.

Tiwari specialises in corporate, M&A and private equity, having bolstered CAM’s practice in Delhi in 2015 from Platinum Partners, after a short stint at MNK Law Offices.

She had begun her career at AZB & Partners in 2003 after an LLB from Delhi University, moving to Luthra in 2005 where she had made partner in 2011 before moving to MNK Law Offices in 2013.

As reported yesterday, CAM in Delhi will also be losing its head and AZB & Partners lateral hire Percy Billimoria, who will start his independent counsel practice.

However, long-time SAM Delhi corporate partner Akila Aggarwal will be joining CAM in Delhi by August.

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1
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Like +3 Object -0 Clarify 22 Jun 18, 06:27
Good wishes to her. Just to clarify - didn’t Cyril statement say she was going to join a company ?
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1.1
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Like +2 Object -1 Clarified 22 Jun 18, 07:30
This is what the LegallyIndia report said, unless there was a different statement elsewhere:

"Managing partner Cyril Shroff confirmed her leaving, and commented that she was “going with our blessings”.

We understand that her next move is not yet finalised."
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1.1.1
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Like +3 Object -0 Fake News 22 Jun 18, 07:36
B&B report: [Breaking]: CAM Partner Nivedita Tiwari resigns to move in-house

Cyril quote: "Nivedita is leaving to go in house and goes with our blessing and full support."
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1.1.1.1
Like +8 Object -2 kianganz 22 Jun 18, 07:59 LI subscriber  interesting
We had also received the same statement from CAM but chose not to publish.

As a policy, whenever general statements are made about a leaving partner's destination, we usually don't publish these unless it's confirmed by the leaving partner themselves or if we can get a second independent source to confirm it.
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1.1.1.1...
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Like +3 Object -4 kianganz 22 Jun 18, 17:44 LI subscriber
Also, from what I understand from sources, although I'm not 100% sure, the offer from SAM wasn't on the table at the time that we had reported her quitting...

The perennial problem in the legal market lies with exit negotiations at most big firms, in which a leaving partner often intentionally does not even consider offers from other firms until they are cleanly out of the old place, thereby avoiding politics and an over-complicated / lengthened notice period.
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2
Like +23 Object -4 SCAM 22 Jun 18, 06:49  interesting  top rated
Why did she have to do this to her team
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2.1
Like +8 Object -2 Guest 22 Jun 18, 08:41  interesting
Standard operating procedure I guess
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2.2
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Like +6 Object -9 Well informed 23 Jun 18, 15:27  controversial
Her team is happy with what they have. She really looked out for them, unlike the firm that didn’t give a rats ass about anyone.
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2.2.1
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Like +1 Object -1 Guest 24 Jun 18, 21:39
Ya that’s why all of you are heading to different pastures while the caring one has gone to different.
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2.3
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Like +4 Object -1 Clueless 23 Jun 18, 16:00
What did she do to her team? Heard two of them joined trilegal
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2.3.2
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Like +0 Object -0 Dayal 28 Jun 18, 20:36
Thats correct [re Dayal]
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3
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Like +3 Object -0 Guest 22 Jun 18, 07:26
Which office of SAM?
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4
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Like +1 Object -1 Clarify 22 Jun 18, 07:34
Bar and bench had the official quote from Cyril which said in-house !
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5
Like +49 Object -2 Dhokha ya mauka?? 22 Jun 18, 08:08  interesting  top rated
Cyril: Dhokha....

Nivedita: Mauka :-)
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6
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Like +2 Object -0 Volant 22 Jun 18, 09:12
So we assume financially she'll be in a better place at SAM than CAM! What figures are we looking at?
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6.1
Like +7 Object -0 How does it matter? 22 Jun 18, 11:48  interesting
A number she just could not refuse.
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7
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Like +0 Object -1 Trent raznor 22 Jun 18, 10:20
Hope she has bargained out an equity partner position - with Akila leaving, and equity being available.
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7.1
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Like +2 Object -0 Ghanshyamdas 22 Jun 18, 13:58
Is equity that easy at SAM.

Though the package would be more interesting
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7.1.1
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Like +3 Object -3 Shepherd 22 Jun 18, 16:16
No, equity isn't an easy deal at SAM.
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7.1.1.1
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Like +3 Object -4 Goatherd 22 Jun 18, 17:39
It is much easier than CAM. She quit because CAM did not give her equity and she wanted the same number of units as [...]!!!! In CAM people like [...] are equity -so it won't be a big deal for her to be one.
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7.2
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Like +0 Object -0 Sam insider 02 Jul 18, 20:59
Yes she is an equity partner
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8
Like +23 Object -11 Private 22 Jun 18, 11:22  interesting  top rated  controversial
I guess SAM the landing spot for all those who don’t get in anywhere else.
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8.1
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Like +5 Object -13 Huh? 22 Jun 18, 14:07  controversial
She was doing quite well in CAM. How did this happen?
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8.1.1
Like +15 Object -8 CAMa CAMeleon 22 Jun 18, 16:17  interesting  controversial
She was doing quite well, CAM wasn't.
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9
Like +8 Object -1 Cheetah 22 Jun 18, 11:38  interesting
Just few (innocent) questions - Are partners also asked:

(a) what is the reason for such frequent movements?

(b) why do you want to join us?

(c) are you looking to stick around for long or this is just an interim jump?

These guys move whenever they want to, man! How unfair BUT such is life.
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10
Like +6 Object -2 Titanic 22 Jun 18, 12:55
First Percy now Nivedita. Cam is bleeding and Akila can’t stem the tide. Cyril and Vandana really need to introspect. The family model has failed miserably. Look at how well Zia has managed an Ashwat. Ashwat and Zia send regards.
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10.1
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Like +3 Object -2 Really? 27 Jun 18, 10:34
The amount of vitriol against CAM in LI section is astounding and frankly, baffling. Any other partner (who had a history of leaving firms in such quick succession) had left a firm that just announced promotions (where she didn't feature), everyone would've concluded that it's a case of sour grapes for the partner.

Percy leaving CAM somehow means CAM is sinking when similar predictions weren't made about SAM when Shuva left (or AZB for that matter). And doesn't matter how great a lawyer Percy is, to think that a litigation partner exit has the same impact on a corporate law firm as their star GC partner leaving is just illogical.

[...] But since it's CAM, comments section is showing hate like an overflowing garbage can. And yet if you see the number of lawyers clamoring to join CAM it seems like no matter what people say in the comment section, they still want to work there.

And lastly, amongst Cyril, Shardul and [...] (since he has to be mentioned in every SINGLE Cam related story), it's obvious who is the sharpest legal mind - and if you're a lawyer and it's not obvious to you then please consider going back to law school. If despite having greater legal acumen, CAM cannot succeed we should all introspect what went wrong with Indian legal profession.
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11
Like +25 Object -10 Wtf 22 Jun 18, 13:44  interesting  top rated  controversial
Azb, luthra, mnk, platinum, cam, sam...6 firms in 13 years...4 in last 5!!! Go figure..
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11.1
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Like +0 Object -1 Wtf 22 Jun 18, 14:23
Sorry, 15
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12
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Like +9 Object -8 Junior League 22 Jun 18, 13:49  controversial
CAM Delhi is Bleeding.The DAM of CAM will burst. Watch this Space. Her associates are also going with her. Signs of a leader emerging.
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12.1
Like +4 Object -0 Koreadesk 23 Jun 18, 15:22
Yeah. True that.

Now where is the cliff, the other lemmings await
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13
Like +5 Object -0 The Better Half 22 Jun 18, 13:51  interesting
Where is Cyril Bhai? Whats does he have to say now, Akilas move will be avenged soon.
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14
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Like +3 Object -2 YMCA 22 Jun 18, 13:53
Is Mr. Esq also moving SAM? Or is he doing a Ghar Wapsi to AZB?
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15
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Like +10 Object -10 Winner 22 Jun 18, 13:55  controversial
If she had an offer from SAM, she played it very smart. Made Mr. Cyril Shroff give his blessings, which she takes to SAM. So, he effectively blessed SAM. Imagine!!!
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15.1
Like +25 Object -0 Hehehe 22 Jun 18, 15:58  interesting  top rated
Race 4 starring SAM & CAM. Allah Duhai hai.
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16
Like +15 Object -0 History Repeats Itself 22 Jun 18, 13:57  interesting  top rated
Time and time Again, its the same learning. The good ones leave CAM. Quietly or with fan fare.
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16.1
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Like +4 Object -1 Kramer 24 Jun 18, 14:29
Ashwat. Nisha. VP. Percy. The list of performers who left CAM. Now Nivedita.
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17
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Like +3 Object -1 Truth and Nothing Else 22 Jun 18, 14:01
Why couldn't former partner at MNK stop her? Or is the MNK lot also following her to SAM? Or may be she realized, what they are all about? Or vice-versa?
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17.1
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Like +3 Object -3 Bollywood 22 Jun 18, 14:48
Maybe the MNK partners are happy there and she was not ? Maybe there’s no connection between her leaving and MNK ? Maybe you need to get a life and quit trolling ?
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18
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Like +4 Object -4 ??? 22 Jun 18, 14:02
Will clients also follow?
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18.1
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Like +6 Object -3 No 22 Jun 18, 14:40
Clients will stay back to be serviced by the genius bench that can delhi has lol!
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18.2
Like +13 Object -6 Insider 22 Jun 18, 18:12  interesting  controversial
Who are her clients? How big is her book? Partners in SAM not very happy with this hire.
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18.2.1
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Like +11 Object -8 Peninsula neighbor 22 Jun 18, 20:18  controversial
I think her book was mainly what she got from Bombay and that's precisely why it may hurt the most for the powers in Mumbai. You give work to someone, nurture them, send them abroad and they leave with egg on your face. Whether they deserved this or not is a different matter.

Peninsula neighbor
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18.2.1.1
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Like +7 Object -4 Insider 23 Jun 18, 00:39
Haha! Anyone who has worked at CAM knows nothing comes from bombay to anyone in Delhi! Would you like to name the deals she did this year that came from the “powerhouse” ?
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18.2.1.1...
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Like +3 Object -3 Trent raznor 23 Jun 18, 12:54
In fact check her deal list, and you will know who has referred what.
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18.2.1.2
Like +5 Object -0 Neighbour’s neighbour 23 Jun 18, 01:05  interesting
It’s time for introspection for the firm then. If she was nurtured the way the post above suggests, there must be some really nasty reason for her to leave! As far as who have or got the matters, only time will tell.
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18.2.1.3
Like +20 Object -0 Partner 23 Jun 18, 03:56  interesting  top rated
“Send them abroad” LOL! Am certain you belong to the Great Gujju Family. Don’t worry too much about the foreign trip expenses. Vandana ma’am would have sent in economy, made her sleep in a closet and eat sasta sundar tikau vegetarian food. Yes
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18.2.1.4
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Like +1 Object -3 One Side 23 Jun 18, 06:57
That's only one side of the story.
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18.2.1.4...
Like +7 Object -0 Ha ha 23 Jun 18, 15:10  interesting
With CAM, there is never any other side.
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19
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Like +5 Object -4 MIRROR 22 Jun 18, 14:37
Look at MergerMarket League of June 19. CAM is nowhere in the picture even. This further weakens the M&A team.
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19.1
Like +5 Object -1 Annett 22 Jun 18, 18:10
How did u get hold of such a futuristic 2019 copy ? Well done.
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20
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Like +7 Object -11 Girl Power 22 Jun 18, 14:40  controversial
It's not Delhi office which sucks. M&A team in CAM is left far behind. This further weakens the team. Nivedita is a very good lawyer.
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21
Like +11 Object -1 Daana 22 Jun 18, 17:38  interesting
Ab pachtaye hote Kya.. jab chidiya chug gayi khet.

Translation: no point in regretting when the bird has eaten the grain and left the field.

Interpretation: She got away!!
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22
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Like +8 Object -6 Karan Arjun 22 Jun 18, 22:25  controversial
Cyril’s loss is Shardul’s gain....again! Sad that CAM does not have a policy to retain good lawyers!
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22.1
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Like +2 Object -1 Thangabali 25 Jun 18, 09:19
It’s time for the brothers to realise that neither of them are gaining. Vinashkale viprit budhi! [...]
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23
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Like +3 Object -4 Questions 22 Jun 18, 23:08
1. Why law firms and law firm partners see soo much movement ? What are these respective aspirations which can’t be met. 2011- 2018 is 7 years and 5 law firm changes at partnership rank makes one wonder what both sides need to do to make partnerships last
2. If clients and teams keep moving with the partner - is it not unsettling for them ? What if other teams like competition were supporting the m and a matter - and client is comfortable with competition team but m and a partner moving forces them to move ?
3. Kian pls do a study on targets of all big law firms at Partner level
4. Equity promotions and process remains opaque at most law firms why ?
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23.1
Like +8 Object -1 Hmmm 23 Jun 18, 01:10  interesting
It does not make much of a difference if the lawyer is good at his/her work. Clients follow. It’s quite common with advisors in Big 4 firms playing musical chairs. A number of them have done a full circle (or square). Clients who are loyal have moved with them each time. With the increasing opportunities and competition, Indian law firms are bound to go down the accounting firms path.
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23.2
Like +18 Object -4 Answers 23 Jun 18, 03:27  interesting  top rated
Was she made a partner when she was an A-zero? If not then it would be 5 law firms in 15 years (since she is 2003 batch):
left Azb because she married Anil Chandra. So technically this great scrutiny of yours should apply to 4 law firms in 15 years? 1. Luthra (where she spent 8 years and which witnessed 11
Partners leaving) 2. MNK (which dissolved soon after), Platinum (abandoned by its own managing partner :) and CAM Delhi (a sinking ship).
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23.3
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Like +1 Object -1 AA_positive effort 23 Jun 18, 06:47
Excellent point. Let's do something positive and KG and LI can use the power and influence that the legal profession' s readership has led them now enjoy.
For once, let's do something positive.
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24
Like +12 Object -1 Tewaree Pan Wale 25 Jun 18, 14:13  interesting
[...] who in their right mind asks their partners to travel in economy and eat vegetarian food only??
It's time law firms in India realise that when they support a partner, for every Re spent they are making more than 300% profit. Which other business has such margins? Yet they behave in such uncouth and petty fashion. It's time for a major attitudinal shift for law fimrs. They msut shift from being just a family led or a few or one partner led model to more Big 4 and International law firm models.
Meanwhile, these kind of musical chairs will continue. Partners will keep coming and going and eventually the firms of today will die a slow death.
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24.1
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Like +2 Object -1 Paan bahaar 02 Jul 18, 21:25
"who in their right mind asks their partners to travel in economy...."

I know of at least two Tier-1 firms (not SAM or CAM) that insist that all their lawyers travel economy on domestic routes. I don't see why this is a problem, given how much clients gripe over out of pocket expenses and given that the average flying time across India is about 2 hours. Premium economy / front-row seats in budget airlines are fairly comfy for a 2 or even a 3 hour flight.
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24.1.1
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Like +4 Object -1 ZRS 03 Jul 18, 09:02
Coming from the client side, I completely appreciate and expect most partners to bill us for economy only for domestic travel. Our internal domestic travel policy has the same restrictions and I see no reason for a 75 min trip to be billed at business. Let's face it - we have enough cr@p thrown at us from sr counsel - private jets and what not (Including paying for paintings/ artwork taken from hotels) ... so called 'partners' charging for economy is not going to 'fly'.
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24.1.1.1
Like +6 Object -1 Junior Counsel 03 Jul 18, 13:33  interesting
You happily pay for all senior counsel appearances.. private jets and shopping sprees that you mentioned but when it comes to paying the briefing counsels who burn the midnight oil to make that brief .. you nickle and dime them... have an issue on how they travel.. where they stay and what they eat.
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24.1.1.1...
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Like +2 Object -0 ZRS 03 Jul 18, 16:46
The issue was not on eat or stay. I wrote only on travel. My view is simple - the law firm partners should respect the travel policies of client companies. Asking 1 partner + 2 juniors - all in business is not appropriate. My view is - execution partners are similar to in-house counsel and Sr Counsel are similar to CEOs ... to equate execution partners as Sr counsel is a bit too much!
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25
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Like +0 Object -0 Guest 02 Jul 18, 11:28
Where are her other team members headed? Some just joint.
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