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Luthra corporate revolving door spins again: Trilegal lateral hire Vishwanath Pratap Singh resigns

Vishwanath Pratap Singh is latest of many to leave L&L corporate
Vishwanath Pratap Singh is latest of many to leave L&L corporate

L&L Partners Delhi-based private equity and corporate partner Vishwanath Pratap Singh is leaving the firm, we have confirmed from several sources.

The 2007 NLSIU Bangalore graduate specialises in private equity and also does corporate work.

It is understood that he will be taking some time off for now, though Singh did not respond to requests for comment.

Singh had joined the firm just over a year ago from Trilegal, where he was a counsel, where he was a welcome and much-needed reinforcement to Luthra’s corporate transactional practice.

He had begun his career at erstwhile Amarchand Mangaldas and had joined Trilegal as a principal associate in 2015, before joining Luthra.

We have reached out to managing partner Rajiv Luthra and senior partner Mohit Saraf for comment.

What’s ailing Luthra corporate?

While boasting strong capital markets, projects and disputes offerings, the firm has struggled to maintain a footprint in the vital corporate transactional space. It has failed to make dents, compared to its peers, in M&A and private equity league tables for years now, for example, and no partner was promoted in the corporate M&A practice in the last round of August 2018.

The Legal500 directory lists only Mohit Saraf and Rajiv Luthra as leading individuals (though the firm is ranked tier 1 for corporate M&A); Chambers and Partners ranks Luthra as “band 3” in corporate, citing Saraf (band 2), Rajiv Luthra (“eminent practitioners”) and partner Sundeep Dudeja (band 4) who is heading the firm’s corporate restructuring and regulatory practice (Chambers ranks its private equity group as band 4, listing only Saraf).

Although, just after Singh’s joining, the firm had hired SAM corporate partner Jay Parikh in Mumbai in in May 2018 and Akshay Nagpal from Interglobe as a partner and and Harish Kumar as a partner designate, Singh is the latest in many corporate partners to defect from L&L, particularly in Delhi:

Between 2014 and 2016:

Corporate partner Shinoj Koshy who had joined from Nishith Desai Associates in 2015 remains with the firm.

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