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This article, like many others, was first published exclusively for long-term supporters, 16 hours before everyone else got to read it.

Indus opens equity beyond founders, promotes 8 into a new modified lockstep

Amit Jajoo (Mumbai; commercial litigation),Avik Biswas (Bengaluru; employment law, anti-bribery and anti-corruption),Lomesh Kiran Nidumuri (Bengaluru; civl and commercial disputes),Manan Lahoty (Mumbai; capital markets),Manish Gupta (Delhi, M&A, private equity),Mayank Mishra (Delhi; disputes),Nishant Singh (Mumbai; M&A, private equity, banking & finance, corporate) andSaurav Kumar (Delhi, M&A, private equity, corporate).

New equity partners at Indus
New equity partners at Indus

IndusLaw has opened its equity partnership from the five co-founding partners to include eight other partners:

  • Amit Jajoo (Mumbai; commercial litigation),
  • Avik Biswas (Bengaluru; employment law, anti-bribery and anti-corruption),
  • Lomesh Kiran Nidumuri (Bengaluru; civl and commercial disputes),
  • Manan Lahoty (Mumbai; capital markets),
  • Manish Gupta (Delhi, M&A, private equity),
  • Mayank Mishra (Delhi; disputes),
  • Nishant Singh (Mumbai; M&A, private equity, banking & finance, corporate) and
  • Saurav Kumar (Delhi, M&A, private equity, corporate).

IndusLaw now has a total 48 partners, of whom 13 are equity.

Update 00:21: Co-founder Gaurav Dani told us that the new equity system was a “modified lockstep” “which will evolve as the firm grows”.

A modified lockstep system typically has as its primary element the most senior partners, who have been equity partners for longest, taking home the largest share of profits, though such locksteps can be modified to also take into account performance or other metrics.

Founding partners Suneeth Katarki and Gaurav Dani also said in a statement: “We are delighted to welcome our newly inducted equity partners.

Each of these individuals are extremely well- regarded professionals who have demonstrated great commitment to their clients. With these promotions, the equity partnership in IndusLaw moves beyond the founding partners, something which we were always committed to do.

“This is truly a new phase for the Firm, and we are certain that our new equity partners will continue to demonstrate their commitment and contribution to the firm in achieving newer heights.”

To be updated.

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