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Khaitan long-timer, competition co-head Avaantika Kakkar in advanced talks to join Cyril Amarchand as national comp head

KCo trio to move to CAMKCo trio to move to CAM

Khaitan & Co Mumbai competition co-head and equity partner Avaantika Kakkar is set to join Cyril Amarchand Mangaldas (CAM), according to several authoritative sources.

Kakkar has been offered to become national competition head at CAM, providing a welcome boost to its competition practice that had seen the loss of competition head Nisha Kaur Uberoi to AZB & Partners (and ultimately to Trilegal).

Kakkar leaving, would however leave a hole in Khaitan’s competition practice, which also includes US-based Paku Khan, Delhi-based Manas Kumar Chaudhuri and Delhi associate partner Sagardeep Rathi.

Her move to CAM, if it goes through, will coincide with corporate associate partner Pooja Patel, and tax practice executive director Daksha Baxi, who we first reported last night to have resigned and would join CAM.

When contacted yesterday for comment, executive director for HR, Amar Sinhji, said Kakkar had not resigned, while confirming the departures of Patel and Baxi, wishing them well.

We could not reach Kakkar and CAM at the time of going to press.

Kakkar is a 2003, ILS Pune graduate, who was promoted to Khaitan’s equity in 2013.

She had joined the firm in 2005 from Nishith Desai Associates, where she had spent one year after a short stint at erstwhile Udwadia & Udeshi.

Kakkar’s, Patel’s and Baxi’s leaving would reduce the number of female partners at Khaitan & Co to 14 from 17, out of a total partnership of 124, a ratio of around 11%.

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1
Like +38 Object -3 MPO 14 Apr 18, 11:54  interesting  top rated
aab Sakle ka kya hooga?
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1.1
Like +5 Object -1 The Conductor 14 Apr 18, 12:36
The game of musical chair begins !
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1.2
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Like +5 Object -7 Mastermind 14 Apr 18, 13:36  controversial
He must have masterminded the move
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1.3
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Like +7 Object -6 Kirthi Competition 14 Apr 18, 13:43  controversial
Tera kya hoga, Kaalia?
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1.3.1
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Like +5 Object -6 Gabbar 14 Apr 18, 14:24  controversial
Oh twada baap hai kaake! - He is your father bro!
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1.3.1.1
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Like +0 Object -1 Translation Nazi 16 Apr 18, 13:42
Kake mean uncle and not bro.
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1.3.2
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Like +4 Object -1 sky choibey 15 Apr 18, 05:16
Abhi mein zinda hoon...
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1.3.3
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Like +3 Object -0 Kco competition 15 Apr 18, 13:54
CAM best of luck! We have enjoyed her leadership for long and now your good fortune starts ;)
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1.4
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Like +2 Object -0 Uberoi 14 Apr 18, 14:46
And Budholia
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1.4.4
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Like +5 Object -5 High Class Gabru 14 Apr 18, 14:54  controversial
This team will have a great BD and execution skill - Sab sahi boys is team mein - ek saat
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1.5
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Like +0 Object -0 Wah 14 Apr 18, 19:30
Who cares about league tables and which firms do big M&As to sustain CCI lawyers, this is fun! !
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1.6
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Like +0 Object -1 Nero 14 Apr 18, 19:31
SAM has 10 competition partners..Cyril and CAM need at least 4-5
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1.6.5
Like +18 Object -0 Haha 14 Apr 18, 21:16  interesting  top rated
CAM now has as many competition partners as there are substantive sections in the competition act roflmao
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1.6.6
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Like +0 Object -1 Sammie 14 Apr 18, 23:55
Wrong. They have 7
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2
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Like +8 Object -5 Lexpert 14 Apr 18, 11:55  controversial
Depressing diversity figures!!
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3
Like +32 Object -13 Just another Mortal 14 Apr 18, 12:00  interesting  top rated  controversial
She is an amazing lawyer! What a steal for CAM.
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4
Like +7 Object -2 Insidious 14 Apr 18, 12:00  interesting
Two senior heads leaving in a matter of days of bonus announcements. Wonder how many more will leave... Heard [...] is planning to quit with his team???
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5
Like +18 Object -12 Silly move 14 Apr 18, 12:03  interesting  controversial
Why join a sinking ship?
Kakkar is too nice a person for CAM
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5.1
Like +20 Object -5 Just another Mortal 14 Apr 18, 12:05  interesting  top rated  controversial
Maybe its the other way around.
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5.2
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Like +3 Object -3 Big Daddy 14 Apr 18, 12:13
Are you the CBI? Or Mr U-turn?
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5.3
Like +11 Object -1 Eh? 14 Apr 18, 12:15 LI subscriber  interesting
As in CAM is too nice or Kakkar? or KCO is a sinking ship?
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5.3.1
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Like +8 Object -6 Kco/Cam 14 Apr 18, 12:21  controversial
3 partner exits in 2 days clearly indicats which of the 2 is the sinking ship.
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5.3.1.1
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Like +4 Object -1 Jack Dawson 14 Apr 18, 14:31
Reminds me of Jack Dawson winning the tickets to Titanic in a gamble. Can be never sure who loses who wins. But I love the movie, except the second half which I generally don't watch.
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5.3.1.2
Like +22 Object -1 First year, right? 14 Apr 18, 17:33  interesting  top rated
The immaturity with young kids decide the fate of 100 year old institutions is disturbing and hilarious at the same time. Large exits couldnt shake CAM and SAM and even 3 more exits wont shake KCO. Theres always to make a place which has existed over a century
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6
Like +16 Object -9 Congrats 14 Apr 18, 12:24  interesting  controversial
What an astute move by Avantika and CAM! She needs the big deals to flex her skills and CAM needs her expertise to be considered in big leagues re competition practice. Good luck!!
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6.1
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Like +5 Object -4 intern 14 Apr 18, 15:15
What big deals has CAM been doing recently?? Sam eould have been a better bet, given league table performance
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7
Like +14 Object -7 Well said Congrats 14 Apr 18, 12:44  interesting  controversial
You’re bang on - she is an excellent lawyer and a brilliant leader . She is moving because she is bored of all the net practice and no real game!
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8
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Like +8 Object -8 KCO Team 14 Apr 18, 13:06  controversial
Avaantika, I'm so sad to hear that you might be leaving!

Definitely a big loss to KCO! A thorough professional with deep insights and guidance to share on every matter.
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9
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Like +11 Object -16 Mort 14 Apr 18, 13:11  controversial
This is the biggest loss that KCO has faced. The competition practice without anshuman and avaantika is non existant. All the best Avaantika...a truly exceptional lawyer!
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9.1
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Like +6 Object -3 Client 14 Apr 18, 13:22
[...]. Yes he happened to be at the right place at the right time. To say, ANS leaving was a blow to KCO would be a stretch. In fact KCO Competition Team did some great work after he left and as well as when he was around. Just goes to show his departure did not impact the execution ability at KCO.Yes, Avaantika leaving is a major major blow to KCO from BD and execution standpoint. They will take time and recover like any other firm does
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9.2
Like +8 Object -0 Trilegal? 14 Apr 18, 14:50  interesting
People who know nothing of competition law should seldom speak
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10
Like +27 Object -2 Corp3 14 Apr 18, 13:12  interesting  top rated
Only one person belives in pro diversity hiring in Kco mumbai, we all know whom
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10.1
Like +11 Object -1 TeamX 14 Apr 18, 15:19  interesting
'pro' I agree, but since when people started calling it 'diversity hiring'.
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10.2
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Like +0 Object -0 Guest 16 Apr 18, 13:44
Who*
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11
Like +10 Object -2 CAMiie 14 Apr 18, 13:15  interesting
CAM was seriously loosing in this space from some time now. Great move by Cyril. This was their weak spot and I am glad he is fixing it.

[...] and [...] were made Partners out of turn and CAM realized its mistake when the clients stopped giving it work. Including even Adani.

Its better to have a (read 1) good Partner [...]
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11.1
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Like +1 Object -4 well 14 Apr 18, 16:02
*losing

Its easy to criticise others. Why don't you learn how to spell first!
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12
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Like +3 Object -3 Triv 14 Apr 18, 13:17
Competition is like the in-thing right now! So good choice by CAM
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13
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Like +7 Object -8 Well done! 14 Apr 18, 15:15  controversial
Well done to all 3 partners. KCo is accumulating mediocres and losing quality fast.
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14
Like +63 Object -3 Movers 14 Apr 18, 15:41  interesting  top rated
Nisha Uberoi should move to KCo now. Her fourth move in two years!
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14.1
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Like +0 Object -8 aryabhatta 14 Apr 18, 15:59
Second move.Cam is still trying to plug her loss. Their competition team was decimated. This is Kakkar's second almost move to CAM too. Will it go through this time?
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14.1.1
Like +12 Object -3 Decimated? 14 Apr 18, 16:36  interesting
Barely anyone went along with NKU to AZB. She barely decimated anything.
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14.1.1.1
Like +21 Object -5 RishiB 14 Apr 18, 17:14  interesting  top rated  controversial
Just clients and the better part of the team. LOL.
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14.1.1.2
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Like +4 Object -4 What? 14 Apr 18, 19:37
She took away some key clients including Aditya Birla
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14.1.1.2...
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Like +4 Object -1 Haha 14 Apr 18, 21:22
Part of the team, sure, but better part?
Bharat wss the best part of her team, he didn't go anywhere
[Kian you can't censor this because you said previously that somewhat mean things about equity partners are fine because they are senior enough to be able to take it. I see you censored stuff about BB and ANS above, but they're not equity :-)]
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14.1.1.2...
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Like +0 Object -1 kianganz 15 Apr 18, 11:32 LI subscriber
The determinant is not actually whether someone is equity, but whether a partner is senior management, and whether the comment is about management.
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14.1.1.2...
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Like +0 Object -0 Haha 15 Apr 18, 22:06
So we can't criticize partners for their work?

So a comment saying "Nisha's a terrible lawyer" (she isn't, of course), would be censored?

That seems unfair.
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14.2
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Like +1 Object -0 Better 14 Apr 18, 20:11
Who is a better lawyer..nku or AK?
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14.2.2
Like +5 Object -1 Batter 16 Apr 18, 02:23
Sky Choubey for obvious reasons.
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15
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Like +12 Object -12 Fan 14 Apr 18, 15:45 LI subscriber  controversial
One of the best hires by CAM - Well played everyone involved! Avaantika will bring back CAM to its competition glory and Daksha Baxi (one of the senior most tax professionals in the law firm circuit) will lead CAM into a top class tax advisory firm. CAM's M&A prActice is surely bound to benefit substantially. Best Wishes!!
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15.1
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Like +0 Object -0 Whataboutery 17 Apr 18, 01:57
What about SR Patnaik ? Is he no longer national tax head at CAM ? [...]
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16
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Like +10 Object -9 Spade 14 Apr 18, 16:26  controversial
I think this is a great hire for CAM and a superb move for Kakkar. I have worked with Bharat and Anshuman and they are both great comp lawyers - Kakkar joining them will surely be a big boost for the practice.
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16.1
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Like +4 Object -2 Joke is on you 14 Apr 18, 16:44
Kis Dunia mein hai ?
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16.2
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Like +7 Object -10 Jokerr 14 Apr 18, 17:17  controversial
When Bharat and Anshuman are derided for being [...] promoted out of turn from SA to Partner at Cam Kian censors their names and when someone praises them their names are not edited? No sense to the edits. All partners are fair game. See stories on Ashwath. Avantika is decent but not in the league of Naval or Shweta.
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16.2.1
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Like +2 Object -2 Such a Jokerr 14 Apr 18, 18:39
Looks like you are new in this business to not know the superstars from just another mortal !
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16.2.2
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Like +6 Object -3 Such a Jokerr 2 14 Apr 18, 20:13
Self made lawyers VS khandan wale #diditmyway
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16.2.3
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Like +0 Object -0 Jokerr 15 Apr 18, 16:11
@Jokerr - hahahaha. DEAD.
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17
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Like +4 Object -2 Insider 14 Apr 18, 16:27
AVK - just come to cam already!
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18
Like +4 Object -0 RahulAnuMongia 14 Apr 18, 19:04
Whats happening? What will happen to delhi competition partners at CAM?
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18.1
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Like +1 Object -1 Dilli 16 Apr 18, 02:24
Delhi Partners will compete
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19
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Like +3 Object -0 PakauManus 14 Apr 18, 19:06
Everyone relies on the competition co heads in kco (NOT)
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20
Like +10 Object -1 Tarulika 14 Apr 18, 19:07  interesting
Avaantika is an amazing lawyer, and wish her best of luck. Only issue may be the new lady of the house. Pan masala anyone?
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21
Like +15 Object -3 TieMan 14 Apr 18, 19:33  interesting  top rated
Second floor lunch table to get new attendees.Need to find out the role of KM Head in all this.
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21.1
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Like +1 Object -0 Wale 16 Apr 18, 11:50
You mean L&D Head?
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22
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Like +3 Object -2 Guest 14 Apr 18, 19:45
AVK- will miss you!
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23
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Like +1 Object -5 Chamcha 14 Apr 18, 22:49
It's very satisfying to see the hunter being hunted. Finally Kco is having it's come uppannce moment
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23.1
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Like +1 Object -0 Guest 20 Apr 18, 10:36
“Come uppance”? Bhai, translate karo - Sky Bhopali won’t get the pun.
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24
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Like +2 Object -4 oh well 14 Apr 18, 23:02
IDT will miss the only company it had on this side of the 13th floor.
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25
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Like +8 Object -9 Redemption 15 Apr 18, 00:06  controversial
CAM is back and its redemption time!!

Avaantika is a great strategic move as this will help CAM reverse some losses it probably incurred because of the leadership vacuum in its competition practice

Competing tier 1 firms who were operating on the principle (competitior's weakness is their strength) - this will no longer hold true and the fight to earn mandates will only get tougher from here on!

Daksha Baxi will give CAM the much needed fire power to beef up its tax offering. She is also recognised as a leading private client professional which will further strengthen CAMs PCP offering.

Big loss for KCO!!
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26
Like +17 Object -0 Bored 15 Apr 18, 01:50  interesting  top rated
All the ga ga over nothing, neither [...] nor [...] nor [...] nor [...] and nor the ma beti damaad gang, all of them are just heavily advertised for nothing!!! They are getting to do high profile work because their firms are getting M&As and getting undeserving fame, but good and serious work is being done in some smaller firms like TTA, P&A Platinum, etc. having strong learning through their connection with some of the "real" antitrust foreign firms. Go see the quality of the antitrust lawyers in the US and Europe. Have you seen what s@#t all of these so called popular lawyers peddle to their clients and to the CCI, lofty promises and when it comes to good documents and submissions, just relying on senior counsel. And everyone start worshipping them as if they were born competition lawyers and have more experience then some others in the market. But i know their shops will continue to run, even mediocres can hunt in a pack, and they certainly out number good ones in all the practice areas in India, whether it is competition or corporate or litigation.And I say it with first hand experience of their work. All of them.
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26.1
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Like +5 Object -7 So Very Bored 15 Apr 18, 06:13  controversial
Profiling Bored: guy's in house. Wanted to do antitrust/competition law. He'd floated his CV but none of these popular lawyers evinced an interest. They make precedent - they were not born competition lawyers but they studied it and for better or for worse, are masters. They studied it when it was born. And they studied it well. But they must all greet you warmly today because you are that mediocre in-house guy with a multinational and they have to crown your mediocrity with excellence anyway. Catch up with some of the seniors in your field pal - they are the guys who are the wind in these popular lawyers' sails. AK is a strategist who a few good companies rely on completely. Sr Counsel toh in house lawyer he mangate Hain - you worship them. You should see some of these competition lawyers argue - that is poetry. Rare poetry.
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26.2
Like +9 Object -0 Competition lawyer 15 Apr 18, 16:21  interesting
@Bored: As much as I hate to agree with you, I have to admit that a lot of you said is true. Majority of competition lawyers in India do not understand even basic economic concepts. The issue of quality work is not something specific to competition law practice, it is a problem you see across teams and practice areas in India.
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26.3
Like +4 Object -0 Well 15 Apr 18, 16:23
You didn't mention the BIGGEST revenue contributor in India - BILL-PADDING!
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27
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Like +9 Object -12 KCO insider 15 Apr 18, 09:31  controversial
Well done Avaantika. Your talent, capabilities and ambition deserves a much better platform. Speak to any decent partner (and there are very few left) in KCO and they will tell you that KCO is filled with mediocre lawyers and the management is just a silent spectator to all the rubbish that has plagued the firm! Some senior partners in Delhi are also super pissed with the attitude of the mamagement!

PS: SAM, AZB - Be ready for some real fight now!! Bitching about avaantika or even Nisha won't do you guys any good!!
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27.1
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Like +1 Object -3 Super Bored 15 Apr 18, 10:47
I knew a Group Counsel who did not know the difference between PE and JV. Now he is Senior Partner and now also he does not seem to know difference between PE and JV.
Moral of the story: Whether you are in MNC or Family Owned Law Firm kind of shop, it means nothing till you are a born brilliant Criminal Lawyer. The actual intelligence is with Criminal Lawyers
( Now I know everyone will do a Google search on difference between PE and JV but you know only when you work)
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27.1.1
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Like +5 Object -3 Bored Silly 15 Apr 18, 11:05
Your drafting skills have me worried. There should be a law against such criminality.
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27.1.1.1
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Like +1 Object -0 Guilty conscious 15 Apr 18, 12:09
Is that u who the post was about? Because there are no errors in drafting. Or you may be a PSU babu who writes on documents with a pencil, " please see me" or " please discuss" or the one who has no material or substantive point to discuss and is just picking faults due to inferiority complex and an empty brain.
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27.1.1.2
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Like +0 Object -0 Clue Raja Beta 15 Apr 18, 12:16
Are you in Delhi
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28
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Like +4 Object -2 Competition 15 Apr 18, 12:52
All the best to Avantika and CAM. 10 on 10 when it comes to strategic fit test - will be EPS accretive from year 1 - free run for ( ) is over!! Serious competition now in the competition practice!!

All the best
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29
Like +12 Object -4 Guestcccc 15 Apr 18, 14:45  interesting
A lot of exits are generally in the offing in KCO - ask any legal recruiter and they'll tell you how many KCO people are in the market for jobs! Terrible bonuses this year, unecessary and undeserved promotions, favoritism and EAT what you kill culture...
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29.1
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Like +2 Object -1 Fardeen 15 Apr 18, 16:38
As opposed to??
It's the same everywhere. That's why we need firang law firms to come in and bring some semblance of sanity and professionalism. Bring all these wannabe meritocracies to their real status.
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29.2
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Like +4 Object -1 KhaoJoMaaro 15 Apr 18, 19:19
Eat what you kill structure is fine, but don’t keep screaming that we do not follow that structure and then suddenly in one year, have a change of heart. This proves that the management is clueless as to what it really wants. HK / RBJ take the driver’s seat!
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29.3
Like +33 Object -3 Guest 16 Apr 18, 01:54  interesting  top rated
At KCO, social butterflies (gender neutral!) get promoted (mostly out of turn). The criteria are playing cricket matches with partners, lunch dates with partners, partying scenes with partners, morning coffee sessions with partners...no empirical assessment of client delivery.
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29.3.1
Like +9 Object -1 Kill Bill 16 Apr 18, 11:53  interesting
Agree with this partly, Kco Delhi infested with favouritism which has resulted in many good people leaving in the past year or so....Management needs to wake up and smell the coffee...Hope the bombaiyya folks act fast before it’s too late....have heard similar stories about Bangalore (is it the AMSS disease?)
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29.3.1.1
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Like +0 Object -0 Hi 16 Apr 18, 17:25
Not really!
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29.3.2
Like +5 Object -0 BKC office in past 16 Apr 18, 12:36  interesting
Happens everywhere.Talking of another place I worked in. Blame my parents for always telling me to work hard and be a good girl. I didnt hang around late in office to socialize and gossip. It didnt pay off. All sanskars gone waste as far as office is considered. But sanskars pay off in long run thats what the elders have told me.
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29.3.3
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Like +2 Object -0 Guest 16 Apr 18, 12:45
KCO partners must be really jobless to indulge into this kind of politics or is it that nobody else in the market cares about them, except their lowly associates, who provide them the required ego massage!
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29.3.3.2
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Like +0 Object -0 Guest 16 Apr 18, 15:28
Who probably earn several times what you do and hence the jealousy!
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29.3.4
Like +8 Object -0 Guest Bullseye 16 Apr 18, 13:15  interesting
@29.3 Bhai U have summed up the story in 2-3 lines. This is the truth of promotions. I had heard of someone sending bouquet of flowers and cake to new boss on his birthday while he was in Singapore for a 2 day meeting.....yeah..she didnt want to wish him belated birthday....she got out of turn frequent promotions later on.

Offices are nothing more than social clubs and promotions are a farce.
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29.3.4.3
Like +6 Object -1 Guest 16 Apr 18, 16:14  interesting
Listen to this one: Associate (along with [spouse]) frequently hangs out with partner (with [spouse]), maybe to evade rumours of questionable character. Partner gets cupcakes and gifts for the associate. Associate gets frequent out of turn promotions and unprecedented bonus, when firm targets have not been met. Reason: very good performance in km management [...].
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29.3.4.3...
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Like +1 Object -0 DelhiBelly 17 Apr 18, 21:51
Is this Partner based out of Delhi?
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29.3.4.3...
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Like +1 Object -0 Delhi Belly yo yo yo 17 Apr 18, 23:37
@29.3.4.3 Delhi Belly

The GC to whom the cake was sent all the way to Singapore is a partner in Delhi now.
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29.3.5
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Like +2 Object -0 AS AS AS 16 Apr 18, 21:52
Reminds me of similar story . Secretary would get tablets for Director and his dog also. Promoted several time for caring attitude.
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30
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Like +1 Object -1 update? 15 Apr 18, 15:22
Kian, any update on whether the talks have fructified?
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30.1
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Like +1 Object -1 EP or AP 15 Apr 18, 22:02
Will kakkar be salaried or equity? Will she get uberoi's old cabin?
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31
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Like +1 Object -0 Future Joinee 15 Apr 18, 16:45
CAM salary for AO??


bata do koi garreb ki dua milegi
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31.1
Like +5 Object -1 A@ 15 Apr 18, 22:25
They will tell you 16.4 + bonus on day zero. But it is actually 15.4 (inclusive of bonus).
Monthly after tax it is 1,01,250. Bonus (which is generally full for A0s) - 1 lakh.

Pray for a good team.
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31.1.1
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Like +0 Object -0 AZeroHour 16 Apr 18, 20:24
Which are the good teams in Delhi? Anyone have any inputs? Which are the nice partners to work with? Please help.
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31.1.1.1
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Like +2 Object -0 Junior associate 17 Apr 18, 10:21
If you are A0, don’t join Corporate Team, poor retention scene. No A0 recruited in last 2 years stuck on. No exposure and no training.
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32
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Like +3 Object -1 Lol 15 Apr 18, 21:55
Keep dreaming - AVK will never move!
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33
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Like +4 Object -1 Guest 16 Apr 18, 02:04
Kian - were you told by KCO to sanitise the HR’s comment? Your story previously mentioned how the news was just a rumour. Egg on the HR’s face....
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34
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Like +1 Object -1 Guest 16 Apr 18, 13:10
What a coup by CAM!! Congratulations to both. One of the most sensible and strategic moves of the recent times. Both Tax and Competition...
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35
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Like +1 Object -1 Mixd up 16 Apr 18, 21:35
I used to think Klaw and Kco are same firm with names undergoing change something like that....shortforms are confusing
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36
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Like +1 Object -0 Mirage 17 Apr 18, 08:34
It's an illusion to think that you will be a good lawyer and therefore make money. It's mirage. There are many jobs where you make more money than being a lawyer. Example, A decade back know of an Assistant,12th pass, owning BMW, a farmhouse on outskirts of Mumbai and 12 pet dogs. So education is no guarantee for money or promotions.
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37
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Like +0 Object -0 Rumours 15 May 18, 12:07
The grapevine says that kco is getting someone on board since the Bombay team is practically wiped out. Kian,can you verify and tell us please?
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