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L&L laterals CAM PA Abir Dey as ‘timely’ Mumbai partner into ‘very busy’ banking space [UPDATE-2]

The 2006 Symbi grad is second Luthra lateral hire this month

Abit Dey moves from CAM to Luthras
Abit Dey moves from CAM to Luthras

Cyril Amarchand Mangaldas (CAM) principal associate Abir Dey is joining L&L Partners in Mumbai in its banking and finance practice.

Dey had been at CAM since 2011 and had been in its projects and project finance practice in Mumbai.

He specialises in banking, projects, project financing, structured financing and debt restructuring across sectors.

Dey’s joining L&L follows IndusLaw partner Navin Syiem this month.

L&L Mumbai corporate partner Aditya Periwal had moved to AZB in December.

We have reached out to L&L, Dey and CAM for comment.

Update 13:47

: L&L senior partner Mohit Saraf said: “We are extremely delighted to welcome Abir to the firm. His addition will further strengthen the firm’s banking, finance & restructuring practice, which has always been a core practice of the firm. He brings with him deep knowledge and relationships in the banking space.”

Saraf added that the elevated NPA levels had put “severe pressure” on the banking industry over the past few years. “Now a number of such cases are getting resolved and banks are increasing their focus on fresh advances to corporates and projects,” he noted. “Also I am seeing a marked difference in the approach of banks towards fresh exposure - quality of due diligence, perfection of security documents, risk assumption by the banks...”

Saraf predicted that the banking and finance practice would be “very busy” in the coming months, with Dey’s addition being “timely”.

Update 16 January 2020: Dey added: “I am delighted to join L&L Partners and look forward to a very long and enriching innings in the project finance, banking and finance, projects and infrastructure and IBC space.

“What I like about the firm is flat and non hierarchical structure with gives meritocracy a good chance to prosper.”

Update 13:22

: CAM managing partner Cyril Shroff said: “We wish him well.”

Abir Dey Work history From: Feb 2019 : Guest Faculty Member , Jawaharlal Nehru Institute of Banking and Finance (JNIBF) ( Hyderabad Area ) Feb 2011 - Jan 2020 : Principal Associate , Cyril Amarchand Mangaldas ( Mumbai ) Jul 2019 - : Editorial Panel of Company Ninja , Jus Dicere Feb 2007 - Feb 2011 : Advocate , Link Legal India Law Services ( Mumbai ) May 2006 - Feb 2007 : Legal Executive , Wockhardt Ltd. ( Mumbai ) Education 2001 - 2006 : Symbiosis Law School, Pune , B.S.L, LL.B. ,
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