JSA adds 2 equity partners, swells salaried partner ranks by 18 post Jyoti exit [UPDATE]

Tuesday, 2 April 2013 By Legally India Law firms

Bumper crop of salaried partner promotions at JSA.

J Sagar Associates (JSA) has promoted Vishnu Sudarsan and Varghese Thomas to its quasi-equity partner ranks, alongside 16 promotions to salaried partner level.

Sudarsan, specialising in corporate and projects, has become equity partner elect in Gurgaon, while Thomas, who specialises in corporate and banking, was promoted to equity partner elect in Mumbai, growing the size of JSA’s equity and quasi-equity partnership to around 23 after the official retirement of the firm’s founder Jyoti Sagar yesterday.

Equity partners elect enjoy the same privileges as equity partners but can not accede to the equity partnership deed due to the 1956 Companies Act 20-partner limit on partnerships.

A total of 18 lawyers were also promoted to retained partner level, of whom there are now around 46 at the firm after two dispute resolution promotions in October.

Seven of the new retained partners, or 39 per cent, are women.

In Mumbai

Kavita Agarwal (asset finance, corporate & projects),
Agarwal
Bhumgara
Jamshed Bhumgara (corporate commercial),
Kaushik Mukherjee,
Rajesh Pal, and
Mithun Thanks (corporate, commercial & regulatory),

were elevated to the salaried partnership (Agarwal, Bhumgara pictured right).

In Gurgaon

Nitesh Bhasin (corporate & capital markets),
Minu Dwivedi (corporate & commercial),
Akshay Nagpal (corporate commercial & projects), and
Pallavi Puri (corporate & commercial)

were promoted (pictured below).

In Delhi

Jyotika Khilnani Guha (corporate & projects),
Nitin Kala (regulatory & policy),
Mayank Mishra (disputes & capital markets),
Apoorva Misra (regulatory & policy), and
Poonam Verma (regulatory, disputes & projects)

were given the nod (pictured below).

Bangalore

The Bangalore office saw the elevation to retained partner of Arjun Perikal (corporate, regulatory & disputes) and Malini Raju (corporate, commercial & banking), confirmed a JSA spokesperson, as first reported by legal website Bar & Bench today.

Update 3 April: Two more senior associates, corporate and information technology (IT) lawyer Probir Roy Chowdhury and corporate and infrastructure lawyer Seema Sukumar, have been promoted in Bangalore to retained partner level, confirmed a JSA spokesperson.

The firm has around 260 lawyers working for it.

Legallypedia entry on [[J Sagar Associates (JSA)]]

partnership promotions J Sagar Associates (JSA)Vishnu Sudarsan Varghese Thomas

Comments

Early Xmas 2 Apr 2013, 07:44

+0 -1

This is a HUGE number of partners. JSA clearly means serious business. Good to see their new strategy is to increase headcount and go all out. Time to regain lost market share from Khaitan perhaps. Kian - would be good if you could cover which practice areas partners have been promoted in.

kianganz 2 Apr 2013, 08:08

+0 -0

Have added a few practice areas where could find on the website. Will try to confirm others and update.

Delhi 2 Apr 2013, 08:25

+3 -2

Congrats Nitin Kala and Apoorva Mishra!! Well Deserved promotions.

- 2 Apr 2013, 08:59

Equity partners elect enjoy the same privileges as equity partners but can not accede to the equity partnership deed [b]due to the 1956 Companies Act 20-partner limit [/b] on partnerships.

Really Kian?

kianganz 2 Apr 2013, 09:02

+2 -2

I guess if going into great detail it is slightly more complicated than that, but in substance is this not correct?

STRANGE 2 Apr 2013, 11:29

+0 -5

[quote name="kianganz"]I guess if going into great detail it is slightly more complicated than that, but in substance is this not correct?[/quote]

Companies Act, 1956 or Partnership Act, 1932... Kian get the law atleast correct

kianganz 2 Apr 2013, 11:33

+4 -0

The 20-partner partnership limit is actually contained in the Companies Act and not the Partnership Act, I was informed a little while ago...

http://www.vakilno1.com/bareacts/companiesact/the-companies-act-1956.html#11_Prohibition_of_associations_and_partnerships_exceeding_certain_number

Law Student 2 Apr 2013, 12:47

[quote name="STRANGE"][quote name="kianganz"]I guess if going into great detail it is slightly more complicated than that, but in substance is this not correct?[/quote]

Companies Act, 1956 or Partnership Act, 1932... Kian get the law atleast correct[/quote]

Dear STRANGE, you get the law correct and see s.11 of the Companies Act, 1956 and check the [...] out for yourself and inform us if the provision does not provide for limitation on the number of partners in a non-banking firms to be 20 and in banking as 10....So, Kian's reasoning is essentially correct, but for people like you, some more analysis and citation of sections was required.

B O 2 Apr 2013, 09:12

NEIN!

Legal 2 Apr 2013, 09:21

+2 -1

Well deserved promotions by a few of the named above. Vishnu, Thimas, Misra...Congrats !!!

V 2 Apr 2013, 12:48

+2 -0

Thanks, congratulations.

I don't really know you but I wanted to say that.

Dazed and Confused 2 Apr 2013, 12:51

+3 -0

Could the firm have paid for some decent photos? Yes, it does matter.

photos 2 Apr 2013, 13:17

only the first 2 pics look vintage. the rest are ok. for a media and appearance-conscious firm such as jsa, yes, photos... congratulations everyone and to jsa too for the bold step in this market.

Times New Indian 2 Apr 2013, 18:50

+7 -0

Thanks and Bhumgara are friends and JSA's jewels. Never in their life did they have a duel. Work is their life fuel. Not making them partners would have been very cruel.

Scooter 3 Apr 2013, 05:26

really? ure making a poem outta this?

ABC 2 Apr 2013, 21:02

What does this mean for AZB and TTA? These are the only major firms left that have not announced any partnerships since donkeys years. Guess they have to show theyre going strong too otherwise markets will viw it as a sign of weaknss.

haha 3 Apr 2013, 03:48

+3 -1

Hilarious - like AZB cares what the "market" thinks! The only market that matters is the "client market" No one cares about what other lawyers think of a firm! And I really doubt the client market will bother too much about new partners or judge who to give work to based on that! Truly a silly comment.

Guest 3 Apr 2013, 02:41

AZB is [...]. Lawyers at all level are leaving them left right and centre. Look at the number of partners exit. What else could you expect from a dictatorial firm.

OSO 3 Apr 2013, 08:42

[quote name="Guest"]AZB is [...]. Lawyers at all level are leaving them left right and centre. Look at the number of partners exit. What else could you expect from a dictatorial firm.[/quote]

Amen to that!

Who are we kidding 4 Apr 2013, 09:33

+4 -1

Can I also be a partner - I have a law degree and passed high school before that. And I will work hard to do as much as possible for minimum fees.

Commenting is closed for this article.