L&L Partners has announced the promotion of five of its lawyers in its corporate partnership, a hint of business as usual against the continuing backdrop of the bitter dispute between the two sole equity partners over the future of the firm.
Senior partner Mohit Saraf had made the announcement in an email to the firm yesterday evening (12 October), noting that managing partner Rajiv Luthra had been responsible for the delay (besides several other points, such as claiming the resignation of the latter).
Update 02:00: Luthra had denied in a later email that he had been responsible for the delay, stating:
Apropos the promotions, I had confirmed Partners’ recommendations and sought confirmation from the Corporate Partners on Thursday, October 8, 2020, and had informed them that I intend to make the promotion announcements today. Additionally, on Saturday, October 10, 2020, I had informed the Corporate Partners group about the induction of two equity partners - Mr. Aniket Sengupta and Mr. Harish Kumar...
...attached is the list of all the promotees...many congratulations to all of you - this promotion is entirely well deserved for each one of you, endorsed by each one of your partners, as well. Please also join me in congratulating Aniket Sengupta and Harish and welcoming them on board.
I continue to remain committed to taking our Firm to greater heights.
The following five lawyers been promoted to non-equity partner at the firm:
- partner designate Vivek Pareek,
- managing associate Avinash Subramanian,
- managing associate Avisha Gupta,
- managing associate Sumithra Suresh, and
- managing associate Satadru Goswami.
Luthra's two new (possible) equity partners
The promotions are somewhat unusual, in that Rajiv Luthra had announced on 10 October that he had promoted two of the firm’s partners - Delhi-based Harish Kumar and Aniket Sengupta - to equity partnership.
Luthra’s email did not include details on what exactly such an equity partnership would look like, and we have not been able to confirm whether equity has actually been disbursed to Kumar and Sengupta.
As such, it is currently unclear on whether the equity promotions have taken effect, since fellow equity partner Saraf has contested whether Luthra could do so without his consent.
Luthra had stated that new equity partner applicants should have a minimum of 16 years “standing at the bar”, though he had added “anyone who does not meet the criteria but feels they have compelling credentials, to also receive equity at this stage may also write to me stating clearly the reasons asap”.
Kumar, a corporate and M&A lawyer, seems to have been able to make the case without the 16-year requirement: he had worked as a company secretary for around 10 years until around 2011, before obtaining his law degree from Delhi University, joining what-was-then Amarchand Mangaldas. This was followed by DMD Advocates and moving to Link Legal India Law Services as a partner, before joining to L&L in 2018 as a partner designate, where he made (salaried) partner in April 2019.
Sengupta, however, would have cleared the post-qualification experience (PQE) hurdle outright: he is a 2000 NLSIU Bangalore graduate who had worked at Luthra since 2003, making (salaried) partner there in 2008. He specialises in banking and finance.
Update 03:18: Associate promotions
Further promotions at L&L in the associate ranks:
Managing Associate to Partner Designate
1 Vivek Kumar Agarwal
2 Samridha Neupane
Senior Associate to Managing Associate
1 Varun Kumar
2 Kartikeya Dubey
3 Sahil Arora
4 Rishabh Shah
5 Vipin Sharma
6 Satyadarshi Kunal
7 Jitender Singh Shekhawat
Associate to Senior Associate
1 Debarpan Ghosh
2 Aditya Gupta
3 Anuradha Godrey
4 Rushab Dhandokia
5 Arnav Sahni
6 Navomi Koshy
7 Shreya Kundu
8 Gayatri Loomba
9 Aatmin Shah
10 Swetha Shankaran
IPR
Associate to Senior Associate
1 Akriti Shashni
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Samridha - 2011
Sumithra - 2012
Rishabh - 2014
Debarpan, Navomi and Aatmin - 2016
Genuine question: how much of a firm culture is there at NALSAR? For example: at NUJS its all about getting the firm job, so in comparison how are things at NALSAR coz it doesn't seem like they are as gung-ho about firms
As the great Alpa Chino would say : "Viet Cong." There's no "S." It's already plural. You wouldn't say "Chineses" :)
In fact, in her free time, she used to write novels with the pen name "JK Rowling".
While as an independent person I can confirm that most of the things the NUJS guy has mentioned about successful NUJS alumni in other fields is authentic
Can we PLEASE not make this into a one college v others debate all over again and just appreciate the hard work of all these talented people
Requesting both NUJS and other people here
laterals are all inferior. no jobs for them. they will be 'loyal'"! LAWL
What are the promoters doing?! They are killing the firm that they have built over all these years. I am amazed at the whale sized egos of the persons involved. For the sake of hundreds of lawyers (if not to avoid further damage to your and the Firm's reputation), please sit across the table and sort this out. The vultures are already circling.
We are happy.
Mocambo.. khush hua.
We’ve been given jan 4th as our joining date but our office location has still not been confirmed
Anybody know anything about this?
Is that good enough to bank on? It’s stressful seeing as the news of the firm seems to get worse and worse
Nirma- 2015
1. Please publish placement info for all colleges so that we can objectively compare.
2. Please highlight some non-traditional career paths of law graduates (LI is too law firm-centric).
3. Please highlight graduate successes of colleges other than your beloved NLSIU.
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