Khaitan & Co promotes two equity partners, 11 salaried partners in Del, Mum, Cal

Breaking

Tuesday, 1 April 2014 By Legally India Law firms

Khaitan & Co has promoted two Mumbai salaried partners - Adheesh Nargolkar and Raj Panchmatia - to equity partnership, and 11 principal associates to salaried or “associate partnership”.

Associate partner Nargolkar was given the nod to equity partner in the IP practice having joined from AZB & Partners in 2010, as first reported by legal website Bar & Bench today.

Panchmatia, who was lifted up into equity in the disputes practice, had joined in April 2012 from Udwadia & Udeshi after the merger with Argus Partners into Udwadia, Udeshi and Argus Partners.

A total of 11 principal associates were promoted to associate partner - Ashwin Bishnoi, Harsh Kumar, Prasenjit K Chakraverti, Gaurav Juneja, Diwakar Maheshwari and Rishi Kabir Bogra in Delhi.

In Kolkata, Ratnesh Rai, Sucharita Basu, Arindam Sarkar and Nandini Khaitan were made associate partners.

In Mumbai, Mehul Shah was given the nod.

Today, the following firms have also announced their partnership promotions:

JSA promoted nine associates to salaried partner.
Trilegal promoted one equity partner internally and hired one from Deloitte.

Khaitan & Co partnership promotions

Comments

MG 1 Apr 2014, 13:27

+9 -10

Congratulations Ashwin!!

B 1 Apr 2014, 13:53

+1 -2

Congrats Mehul!!

HR 1 Apr 2014, 13:57

+1 -1

Some APs have not been promoted to partner for years. Yet we see fresh APs being added to the ever-increasing pool of APs. An AP must be tricky place to be once a year or two is up.

Guest 2 Apr 2014, 05:22

+3 -0

[quote name="HR"]Some APs have not been promoted to partner for years. Yet we see fresh APs being added to the ever-increasing pool of APs. An AP must be tricky place to be once a year or two is up.[/quote]
yehi toh scam hai isi ki toh jaanch karani hai "????? ???? ?? ????? ?? ???? ???? , ?? ??? ???? ??? ????? ??,
‘??’ ????, ??? ?? ????, ?????? ???? ???, ????? ????? ?????? ??? ?? ??? ??,
???? ????????, “??? ?? ????? ??,??? ?? ???? ????? ??”…

bumbledbee 2 Apr 2014, 10:23

Lol

bumbledbee 2 Apr 2014, 10:24

. Good one. Khaitan beware of kejriwal

V Ganjiwale 2 Apr 2014, 12:35

Some undeserving names in the list...KCO can do better...otherwise associates will leave and go to other firms.

Lawyers hub 1 Apr 2014, 14:11

+3 -1

Very well done, Prasenjit. Congrats. When is the party????

NM 1 Apr 2014, 15:20

+6 -2

Congrats Arindam .... Very well deserved !!

Guest 1 Apr 2014, 15:35

+2 -0

Congratulations Raj..!

inquisitive 1 Apr 2014, 15:46

+0 -0

#Kian: what about Principal Associates??

KCO 1 Apr 2014, 18:09

4 promotions in delhi office from SA to PA- Corporate-Atul Pandey and Shilpi Jain ; Litigation- Nitin Mishra and Karun Mehta

90 1 Apr 2014, 17:29

Kian,

On a separate note, what about AMSS promotions. It seems they have now made it a habit to delay promotions!

LoL 3 Apr 2014, 05:40

+1 -0

A habit to delay means that the announcement days have been formally pushed! :-)

Well-wisher 1 Apr 2014, 18:07

Well Done Juneja!

WR 1 Apr 2014, 18:47

I understand that Old Schools like D&D, CB, Kanga, WG does not make these kind of partnership offering in regular intervals so what about AMSS, AZB and Luthra?

LOL 2 Apr 2014, 06:45

[quote name="WR"]I understand that Old Schools like D&D, CB, Kanga, WG does not make these kind of partnership offering in regular intervals so what about AMSS, AZB and Luthra?[/quote]

You'll be surprised with the news from WG this year.

One Foot In 2 Apr 2014, 08:58

What do you know that we don't?

LOL 3 Apr 2014, 03:33

You'll know soon. Watch this space! Word here is that it has all the makings of an epic year in terms of promotions.

GUEST 2 Apr 2014, 06:43

+2 -1

Bishi - congrats

Chamchu Tiwari 2 Apr 2014, 06:58

Ha..ha..hha..ha! Getting the taste of doing business in world's largest democracy ! How can you make global CEO an accused in a local criminal complaint? Learn from Indian judiciary.
http://profit.ndtv.com/news/corporates/article-samsung-chief-to-surrender-in-indian-court-in-six-weeks-says-supreme-court-384491?pfrom=home-lateststories

Poor Associate 2 Apr 2014, 07:28

What kind of reporting is this? Every reporting is related to Partner of the Firms whether it’s about completion of deals or promotion. But no one reports about poor Associates. Why so unfair business to Associates. Or this is the goodness of this noble profession.

Kian your early action/reporting in this regard will be highly appreciated by unsung associates of the Legal Fraternity.

kianganz 2 Apr 2014, 07:33

Most firms haven't actually been willing to share associate promotions, as far as I'm aware, but we're trying to figure it out.

If anyone wants to be a secret squirrel and send us a list of associate names promoted at KCo, AMSS, or Trilegal, please do let us know via the Contact or Tip link above (or post a comment here and mark it NOT FOR PUBLICATION) and we'll take it from there).

Could be a long list though - I hear AMSS has promoted 70-odd associates to various levels of the ladder...

LoL 3 Apr 2014, 05:42

Lesser. Around 70 have internal designation change which includes SA-Designates and PA-Designates. So SA and PA's i think would be around 30-40

Guest 2 Apr 2014, 08:59

+4 -2

Arin da - congrats !! You always will be one of the most supportive seniors to work with !!

Third Eye 2 Apr 2014, 09:21

+19 -5

[b]Harsh Kumar is ROCKSTAR !!! Perhaps the most deserving of the lot. Heartiest Congratulations.[/b]

Q 3 Apr 2014, 05:34

Which law school are these guys from?

johnnynotawalker 3 Apr 2014, 10:15

Diwakar ...Diwakar....!!good show sir

Guest 3 Apr 2014, 10:27

+0 -1

CONGRATS Diwakar, very well deserved!

Vini 4 Apr 2014, 18:22

Arindam so proud of you!!

NLIU 8 Apr 2014, 06:09

How many more promotions from NLIU this time?

Baby Doll 8 Apr 2014, 06:55

The day is not far away when K & Co has more partners than Associates. Next year is going to be fun...considering the number of PAs...who are all..."partners in waiting", unless they eliminate some by then...in a "stealth" manner...the art, interalia, they are masters of....

.....yeah duniya...yeh pital dee...

4 Bottle Vodka 8 Apr 2014, 14:37

Isn't this better? All top international firms have equal nos of partners and associates. KCO is modelling on this basis it seems. It has a leverage of 1:3 as against 1:10 of AMSS and 1:12 of AZB.

[quote name="Baby Doll"]The day is not far away when K & Co has more partners than Associates. Next year is going to be fun...considering the number of PAs...who are all..."partners in waiting", unless they eliminate some by then...in a "stealth" manner...the art, interalia, they are masters of....

.....yeah duniya...yeh pital dee...[/quote]

Saregama 21 Apr 2014, 19:34

[quote name="4 Bottle Vodka"]Isn't this better? All top international firms have equal nos of partners and associates. KCO is modelling on this basis it seems. It has a leverage of 1:3 as against 1:10 of AMSS and 1:12 of AZB.

[/quote]

The 1:3 is a bit of a clever window dressing trick. These "assistant partners" are not signatory to any partnership deed and have no authority to bind the firm. Dunno what their pay packet is but even if its the same as a salaried partner at AMSS( for sake of argument), its the misleading status that really hurts. At AMSS even salaried partners sign one of the 3 partnership deeds and at law they are recognised as partners. By promoting to "Assistant Partner", KCO has just make asses of some PAs.

curious 21 Apr 2014, 17:24

How much do associate partners earn (ctc)in khaitan? What component is take home and bonus?...Not For Pulication! just curious.

Family 27 Apr 2014, 13:34

Nandini Khaitan. Only Trilegal, JSA and Luthra in top 6 are non family.

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