Ex-Linklaters India head joins Amarchand as freelancer

Grays-Inn_Nikhil-Mehta
Grays-Inn_Nikhil-Mehta
Cleary Gottlieb Steen & Hamilton tax partner Nikhil Mehta has resigned and entered into a retainer agreement with Amarchand Mangaldas that could see him spend up to 40 per cent of his time doing non-Indian tax advice for the firm.

Mehta (pictured) will resign from Cleary Gottlieb’s partnership to join London barristers’ chambers Gray’s Inn Tax Chambers by the end of this year.

He has entered into a retainer agreement with Amarchand to regularly provide non-Indian-law tax advice to the firm.

Mehta said: “Obviously as a barrister I will be working for a lot of people but with a retainer arrangement you have a special relationship with the firm you have a retainer with.

“They can ring me up at the drop of a hat.”

Amarchand Mumbai managing partner Cyril Shroff said: “He will be doing non-Indian tax work and we can package the whole service as a single service for a client, whether for outbound investment or an international company for inbound investment.”

Shroff added that Mehta was expected to spend around 30 to 40 per cent of his time working with Amarchand in future. “It brings a very international flavour to our practice.”

Mehta agreed that although it was still early days, he was hoping to spend a “fairly substantial amount” of his time working with Amarchand under the retainer.

“One of the things with being a barrister these days is that it’s possible to develop a truly international practice,” he said.

Mehta started up Linklaters’ India business group in 1992 and ran it until 2002 when he left to join Cleary Gottlieb handing the role to Linklaters current India head Sandeep Katwala.

Commenting on Mehta’s most recent move, Cleary Gottlieb London partner Glen Scarcliffe said: “This is an exciting development for Nik, and although we will all miss him and his contribution to the firm, we wish him well.”

He added that current Cleary India group and tax partners expected to continue working with Mehta in future.

Amarchand Mumbai last week hired a former UK law-firm chief operating officer (COO) and Amarchand Delhi has hired a non-Indian qualified competition law expert from Ireland who will join early next year.

Comments

Anon 1 Dec 2009, 05:58
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That's quite a coup!
Observer 1 Dec 2009, 07:05
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I agree with #1!
Ip Man Shan Henry 1 Dec 2009, 09:54
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I disagree with 1 and 2.

40 pc of his time... means 60% is with Gray's Inn. 40-60 - do the math: whose coup? Nikhil Mehta - two steady sources of income instead of one + this arrangement also may be better for him $ wise / personal time-wise etc - else why would he move...
Guest 1 Dec 2009, 09:57
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what do these words mean.."He added that current Cleary India group and tax partners expected to continue working with Mehta in future. "?
Anon 1 Dec 2009, 11:03
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No. 4 - it means precisely what it says ie that the rest of the Cleary India group and the remaining tax partners hope and expect to continue working with Mehta in future...
Guest 1 Dec 2009, 12:02
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No 5 I had read the lines and thanks to you reread them...

I was trying to read between the lines though...:-)
Guest 1 Dec 2009, 13:11
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With this and the actual hiring of the Irish (foreign) competition lawyer, Amarchand seems to have stolen a cheeky march on the Indian "best friend" firms, who have only hired Indian qualified lawyers from their UK best friends. This will probably open the doors to the best friends to do the same.

Just hope they don't fall foul of the Bar Council who take the view that the "practice of law" as provided in the Advocates Act includes the practice of foreign law and therefore can only be done by an advocate as under the Act.
H Munt 2 Dec 2009, 09:10
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Wow. AMSS does it again. What a law firm! Love it! It's vision is light years ahead of other law firms'. It has always shown itself capable of getting back on top whenever critics questioned whether they could still do it. Clients, employees, the competition all love AMSS. As do I. They have a time tested ability to show the market which avenues to explore and the direction to take. This is not just a law firm, but it's a pioneer. 20 years from now, when AMSS is the world's biggest law firm, people will ask how? How did this happen? The people at AMSS love what they do and so do their clients. AMSS ftw and oh did I mention that I love AMSS?
Anon 2 Dec 2009, 09:15
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The editor should correct this. Gray's Inn is NOT a London barristers' tax chambers. Every English barrister has to be a member of one of the four Inns of Court viz. Middle Temple, Inner Temple, Lincoln's Inn or Gray's Inn. Therefore to become a barrister, Mr. Mehta may have joined the Gray's Inn. However, that does not make it his Chambers. The Editor should also let us know which Chambers Mr. Mehta has actually joined.

[Mr Mehta has in fact joined a barristers' chambers called Gray's Inn Tax Chambers (www.taxbar.com). Now amending the copy to make this clearer and to avoid confusion. -Ed]
Hike Munt 2 Dec 2009, 12:34
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Thanks for the information 9!
Anjana 4 Dec 2009, 10:33
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Very good move