Indus is trying to do what KCO did at the turn of the last decade, a robust inorganic strategy to bolster the platform, from a largely homegrown strategy. Let us see if it works out.

Congratulations to Manish. This was expected as LL is a sinking ship. God knows how many partners have left LL in past one year..

LL top team must be smiling - got rid of two high cost resources and replaced with few APs who will be work themselves until eternity for the carrot of "partnership".
This is called Chanakya Neeti.
So don't waste time posting comments. All is well.

Siddharth and Manish have contributed whatever they could to LL. From their perspective both of them were given a platform in LL to show their metal which their earlier firm (L&L) couldn't provide. It's time for them to move on and test their game at a bigger level as they have now proven their worth. However, both will find it tough as they would have to deal with internal competition as well in Khaitan & Indus.

From LL's perspective these movements will certainly slow their journey to becoming a top tier firm but wouldn't stop it. LL will continue to slide on this upward curve, albeit a little slowly. LL continues to have a fine mix of talent and experience in corporate. Mr. Anand is back, Anuj Trivedi is making the right buzz in the market and has been active on the deal side, Venkat again has a lot of experience and did some very interesting work last year (haven't heard of any his deals this year though), Jha is holding the fort for cap market and with Vinu Peter and PK, being made APs, LL should be able to manage. It is up to so called senior partners now to ensure constant work flow for new APs. Also, time for Mumbai folks to up their game as there is hardly any news about their Mumbai corporate team.

Sidhartha's exit will certainly be felt more as there is hardly anyone left in LL to manage the IBC work.

For Khaitan, this move makes a lot of sense as they had been looking for someone like Sidhartha for quite some time. Indus is a tricky bet - In cricketing terms Indus is like Rishab Pant (when he broke into the national side). Lot of flamboyant moves but needs to keep head down and deliver. A lot of comparison with Trilegal may bring in complacency. Good thing is that i have hardly seen any partner exits from Indus so should be a good place to work.

LL has no intent or idea for growth. Monthly meetings are just a waste of time & nothing good really comes out of it. It’s just some process the earlier CEO set out which the management doesn’t follow in the right spirit. Every idea is twisted to suit top management’s requirements rather than the firm requirements. The firm doesn’t value anyone’s contribution and more so when a person is moving out. As an old timer, I feel the best team was the one the firm had during the period 2005-06 to 2015-16 purely for their loyalty and hard work. They should get that team together & work on rebuilding the firm in the right spirit with a well defined Y-on-Y target.

Durgesh - DMI Finance
Rajdeep - HSA
Saloni - Apple
Anurag - SAM
Shashwat - SAM
Siddharth - K&Co
Manish - Indus
Harish - L&L
Sarojanand - Own Practice
Jay (CEO) - Indus
Raunak - Own Practice
Bhumesh - Somewhere
Nikhil - Somewhere
Nilesh - Somewhere

All exits within a period of less than 2 years. Im sure I have missed out many.

Not sure why there is an effort to malign either the firm or the partner leaving. It is a professional world and everybody look after their respective professional interests. I think Manish got benefits from the firm (from being an unknown commodity to some force) and the firm got benefits from Manish's hard work and growth (recognition in various corporate ranking). They should thank each other and move on to their respective journeys....which I think they must be doing that.