Cyril Amarchand Mangaldas (CAM) principal associate Rashi Saraf has re-joined IndusLaw, where she had worked six years ago, as a partner.
The 2009 ILS Pune graduate had been at CAM from 2014 until now, having joined there from IndusLaw.
She had started her career at Mumbai-based PE/VC-specialist firm Sand Hill Counsel in Mumbai.
We have reached out to Indus for comment.
Update 22 January 2020: Co-founding partner Suneeth Katarki commented: “It is nice to welcome back someone who was a part of the firm’s initial years. She is so familiar with the firm, the culture and the team that I am sure she will fit in right back like she had never left. I wish her all the very best.”
Saraf added: “This is a very exciting time to be in IndusLaw and look forward to contributing to the firm’s success.”
Saraf is at least the fifteenth hire at Indus in as many months.
The firm has been on a steady but aggressive lateral hiring campaign, which had more or less started in November 2018, with Samvad Partners’ Sudipta Routh joining in Mumbai.
After that the following senior hires had been made (from most recent to January 2019):
- Link Legal India Law Services partner Manish Gupta in Delhi corporate,
- Petrushka Dasgupta from Haresh Jagtiani into Mumbai litigation,
- a team of 17 lawyers including five partners led by Manan Lahoty to set up a pan-India capital markets practice,
- Revathy Muralidharan from J Sagar Associates (JSA) as a corporate partner in August 2019,
- Trilegal counsel Padmaja Kaul into Delhi litigation and insolvency in June 2019,
- a Cyril Amarchand Mangaldas TMT team of partner Rahul Goel and director Anu Monga, both as partners in March,
- HSA Advocates litigation duo Amit Jajoo and Sushmita Gandhi in Mumbai, and
- CAM Delhi employment partner Manishi Pathak in January.
Departures over the last 14 months have been fairly minimal at the firm, with only the following five reported partners leaving (please let us know if we’ve missed anyone):
- Srinivasa Raghavan, who went joined the bar for senior counsel robes in December 2018,
- litigator Nikhilesh Rao for Khaitan & Co (January 2019),
- Vivek Daswaney who re-started his own boutique V Law (February 2019),
- partner Navin Syiem, who had joined L&L Partners this month, and
- Ran Chakrabarti (June 2019), who had moved to Singapore.
Comments
Surely you can do a deep dive and figure that Indus has barely been able to retain any lateral partners behind the 2-3 year mark?
How many laterals have stuck around for 5+ years? I wonder why...
And more interestingly, if I were you, I’d run a survey of GCs ranking law firms and see how many GCs would trust Indus to handle their high stake matters. Or even low stake ones.
IMHO - Indus is nothing but a flash in the pan. Here today, history tomorrow. Like Fox and umpteen others.
The growth Mumbai and Delhi are predominantly lateral partner driven – also in Mumbai, unlike Delhi there are no home-grown partners at all. Therefore, whether Indus can sustain its upward rise will depend on whether the management can create a fair compensation and control system and create a collegiate atmosphere amongst the laterals. The trajectory will of depend on whether the senior partners can move up the value chain/increase their books substantially and give management rights/control to the likes of Manan and Manish.