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Khaitan & Co kills associate partner moniker to ‘add value’, promotes 7 to (non-equity) partner

New Khaitan partners (not associate partners)New Khaitan partners (not associate partners)

Khaitan & Co has promoted seven of its principal associates to non-equity partner level, though formally the firm has abolished the associate partner designation to help its young partners in brand-building and to externally present a more unified partnership.

Executive director Amar Sinhji explained: “The firm has decided to do away with the ‘associate partner’ designation in keeping with global trends of partnership.”

The firm has now promoted the following seven to ‘partner’ tag, though technically they would still be salaried partners (left to right, pictured above):

Kolkata:

  • Dipen Chatterjee, corporate, Calcutta University LLB

Mumbai:

  • Akshay Bhargav, corporate, Bangalore University LLB
  • Devendra Deshmukh, real estate, Mumbai University LLB
  • Harsh Parikh, real estate, GLC Mumbai LLB

Delhi:

  • Aseem Chaturvedi, dispute resolution, GGSIP Delhi LLB
  • Ayush Mehrotra, indirect tax, GGSIP Delhi LLB
  • Shruti Singh, corporate, Nalsar Hyderabad LLB

As of April 2018, Khaitan had 124 partners in total, out of whom 91 were equity and 36 were of salaried partner level.

Sinhji explained that all partners at Khaitan would soon be called partners, “however not all partners would hold equity”. “That is a matter of performance and progression once he / she becomes a partner,” he said.

“This move will help us show a single unified face of our partnership and help our young partners in building a brand early and enable stronger buy-in from clients,” he added. “This change will add much more value to the overall partnership.”

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1
Like +10 Object -5 Ki Farak Painda 30 Oct 18, 09:45  interesting  controversial
A rose is a rose is a rose, and by any other name, will smell as sweet!
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2
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Like +3 Object -1 Query 30 Oct 18, 10:08
When was the last time KCO promoted mid year?
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2.1
Like +22 Object -2 Agree 30 Oct 18, 12:13  interesting  top rated
True, that too overlooking some truly deserving candidates. Khaitan needs to get their act together.
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3
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Like +10 Object -11 Guest 30 Oct 18, 10:41  controversial
Great going Ayush! Great going Aseem! You guys are rock stars!
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4
Like +31 Object -5 Guest 30 Oct 18, 10:48  interesting  top rated  controversial
Surprised not to see names of some well deserving lawyers from KCO. KCO seems to be a very unique firm which heavily discounts loyalty while promoting. Where are the home bred guys?
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4.1
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Like +5 Object -21 #Bro 30 Oct 18, 11:01 LI subscriber  controversial
Merit first.
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4.1.1
Like +7 Object -3 Guest 30 Oct 18, 12:09
Hahaha. That's funny. if KCO were to justify each partner promotion they will find it difficult and I am talking about partner promotions in last 5-6 years. So let's not say that all partner promotions are based purely on merits. They need to reward loyalty also on a consistent basis.
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4.2
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Like +3 Object -1 Client 30 Oct 18, 12:56
Loyalty is not the only think that KCO discounts.
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4.3
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Like +0 Object -0 RandyOrton 31 Oct 18, 00:23
They quit, are quitting, will quit.
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5
Like +12 Object -1 Guest 30 Oct 18, 11:35  interesting
If their home bred guys are not meritorious, then that speaks volumes about the quality of training, mentorship and leadership of the firm.
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6
Like +11 Object -3 BIRA Partner 30 Oct 18, 12:18  interesting
Way to go Sanyal!!! So smart...
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7
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Like +3 Object -0 #DC Fan 30 Oct 18, 12:23
Congratulations Dipen C. Very very very well deserved. One of the nicest guys around.
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8
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Like +2 Object -1 Ex KCO 30 Oct 18, 13:01
Congrats to all! Well deserved!
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9
Like +7 Object -1 Former Client 30 Oct 18, 13:25  interesting
Doesn’t KCO have folks from all over, and hardly has had an organic growth model? Need to focus on quality issues, big time & playdown their marketing gimmicks. Stilll lacks core like the Amarchand’s & Mody’s, which are these firm’s biggest usp. Congratulations, on the promotions & all the best though.
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9.1
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Like +4 Object -16 Current Client 30 Oct 18, 15:29
Lol, you have really not seen them on deals... Clients are no fools to consistently engage Khaitan year after year... The sheer number of deals they are involved in (with higher values each year) consistently over the past few years reflect the quality story.
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9.1.1
Like +8 Object -3 Cringer 30 Oct 18, 16:37  interesting
Discounted rates discounts quality.
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9.1.2
Like +10 Object -1 Guest 30 Oct 18, 16:39  interesting
Clients engage them because they down-cut.
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9.1.3
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Like +4 Object -2 Yeh Client Nahi Hai 30 Oct 18, 17:25
'lol', I have seen them on enough and more deals in the 7 years and had a good laugh so many times.

Now, that is some serious love for the firm from a client. Full attacking mode on, eh!

Tell me Mr. current client -

1. Who said you got to be or not a fool to engage a law firm/ lawyer?

2. Since when did the number of deals start speaking of quality?

Take it easy, bruh!

OH - LOL to you back :p
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9.1.4
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Like +3 Object -0 Lol 30 Oct 18, 19:24
You are a "Current Client", sure.
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10
Like +12 Object -2 Cammie 30 Oct 18, 13:28  interesting
this has to be the first mid-year promotion at KCO.. were the ones promoted also threatening to leave?
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10.1
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Like +2 Object -0 NoMan 30 Oct 18, 19:24
Not the first actually. Mid year promotions were given in 2009 or 2010 as well.
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11
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Like +0 Object -1 informer 30 Oct 18, 13:45
What is the CTC of a 2009 batch in khaitan?
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11.1
Like +14 Object -1 Asscryingate 30 Oct 18, 14:54  interesting  top rated
They have to pay the firm
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11.2
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Like +2 Object -1 Guest 30 Oct 18, 15:25
50-60
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12
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Like +2 Object -0 Guest 30 Oct 18, 14:16
Lol
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13
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Like +3 Object -1 ISUZU 30 Oct 18, 14:26
but i drive car equal to EP.
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13.1
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Like +4 Object -1 Big lawyer 30 Oct 18, 17:40
Move your khatara. I need to park my Bentley.
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14
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Like +2 Object -0 Alias 30 Oct 18, 14:47
They were last of the Firms that actually distinguished between real partners and glorified PAs.
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15
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Like +3 Object -4 AZB - No Diwali 30 Oct 18, 14:58
AZB on the other hand hasn't given holidays this year for Dhanteras and Diwali. Shouldn't be shocking though - the name is Mody and not Modi.
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15.1
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Like +0 Object -0 Sam buoy 31 Oct 18, 01:41
Dayum! And I thought we had it rough!
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16
Like +7 Object -2 Guest 30 Oct 18, 15:48  interesting
Mid year promotions are primarily based on review of exits. Merit may not be a criteria.
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17
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Like +4 Object -3 HR Rocks! 30 Oct 18, 18:23
I didn't know a change in nomenclature can create to so many benefits! HR Rocks!
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18
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Like +2 Object -1 ? 30 Oct 18, 20:41
Partnership in these law firms is guided by Partnership Act or LLP?
Indian law firms are keen to follow international law firm practice, do they also follow international practice for working hours ?
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19
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Like +6 Object -5 Wow 30 Oct 18, 22:19  controversial
96 equity partners - wow

Thank God they are not like Amarchand or Mody's. At least there is something to look forward to for the people from growth perspective.

Some EP s in the aforementioned firms are nothing but glorified PA's too scared not to toe the line.

Khaitan at least treats humans as humans and not as asset codes, and therein lies there biggest achievement.

Congratulations to the partners.
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19.1
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Like +1 Object -1 Mocambo 31 Oct 18, 00:26
Debatable
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20
Like +12 Object -0 NoMan 31 Oct 18, 08:16  interesting  top rated
HK needs to take a little more interest in how two offices in particular are run. Some corporate partners treat it like their own fiefdom and favouritism is apparent. Non political folk (both KCO bred and otherwise) are fed up and looking at other options. KCO was a good firm culturally. If that is taken away from the equation, more lucrative options in the market are certainly tempting. The slew of HR measures are not enough. The rot is deeper.
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21
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Like +3 Object -0 Ex KCO 31 Oct 18, 14:55
Congratulations Akshay.

Well Deserved and long pending. :)
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22
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Like +2 Object -1 Guest 31 Oct 18, 23:45
Congratulations, Akshay! Very very well deserved.
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23
Like +5 Object -0 Congrats Akshay! 02 Nov 18, 20:46  interesting
Many congratulations, Akshay! A very well deserved and earned promotion if there was ever one. You're one of the most astute legal minds I've worked with.
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24
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Like +1 Object -0 Guest 15 Nov 18, 20:44
So happy for you Akshay. - Secret admirer
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24.1
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Like +0 Object -0 Inquisitor 16 Nov 18, 13:33
Who could this be?
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