Luthra & Luthra has promoted managing associates Anirban Bhattacharya and Lokesh Shah to its partnership in Delhi and Mumbai respectively, according to Bar & Bench.
Bhattacharya, specialising in white collar crime, company law, litigation and arbitration, had joined the firm in 2006 from Paras Kuhad Associates, having graduated from ILS Pune in 2004.
Shah works in direct tax and joined the firm in 2012 from BMR & Associates where he was a legal director. He had completed his chartered accountancy qualification in 2003 and a bachelor of commerce from MKS College Mumbai in 2002.
According to Bar & Bench four managing associates were also promoted to the newly-created “partner designate” rung, which the firm’s managing partner Rajiv Luthra described as a “partner in watch”; four managing associates became partner designates: Abdullah Hussain, Ashish Prasad, Koshy John and Vasudev Dibbur.
A total of 22 senior associates were promoted to managing associate level: Aditya Periwal, Ankush Mahajan, Aneek Bangabash, Divya Vig, Karan Mitroo, Mrigha Solanki, Pulkit Sharma, Ravi Dubey, Rohit Raghavan, Saurabh Tiwari, Shikhar Kacker, Siddharth Srivastava, Surya Bala, Tulika Sen, Yohan Balan, Shiv Sapra, Anant Garg, Chethana Deepak, Kanika Chaudhary Nayyar, Mumtaz Bhalla, K. Sumalatha Kanoj and Wasim Beg.
Bar & Bench reported that Abhiroop Lahiri, Ashish Pareek, Hina Doon, Reshma Vaidya, Neha Gulati, Anupam Kishore Sinha, Ashish Chandra, Cauveri Birbal and Kapil Madan were lifted to senior associate level.
At the beginning of this year, Luthra promoted two to its partnership.
A Luthra spokesperson did not respond to a request for comment since yesterday, as Rajiv Luthra and senior partner Mohit Saraf were not reachable for comment immediately.
Other Big Six promotions:
- AZB Delhi promotes 3, AZB Mumbai 1
- Trilegal promotes one to lockstep
- Khaitan & Co promotes two equity partners, 11 salaried partners
- JSA promotes 9 to salaried partner
- Amarchand Mangaldas is yet to announce its internal promotions.
Comments
Any news about AMSS promotions, both Delhi and Mumbai regions?
Great job at dangling the carrot... one more hoop to jump through!
If thats the case then why do this with 4 guys and whilst promoting 2 guys straight through?
Either you are partner material or you are not...
Indian law firms could learn from US firms where either you are an associate or a partner (or perhaps a Counsel if you are senior enough and not generating your own work) and no tamaasha in between.
The need to have these newly made interim designations is basically to correct the unjustifiable expectation of making partner in 7-8 years, as was the case a 5 years back. That was the need of the hour when firms required to grow partnerships. Now that the seniors in these big firms have grown to huge numbers, unless a distinction is made, everyone will have to be made partner. Which definitely cannot be sustainable.
Indian law firms could learn from US firms where either you are an associate or a partner (or perhaps a Counsel if you are senior enough and not generating your own work) and no tamaasha in between.[/quote]
Harvey was a Sr. Associate at Pearson Hardman and now he is a name partner!
Intern
Associate
Senior Associate
Managing Associate/Counsel/Of Counsel
Partner Designate/ Associate Partner
Executive Partner
Equity Partner
Managing Partner
There is still scope for some other designations based on variations of the words Intern, Associate, Senior, Managing, Designate and Partner (Executive and Equity included):
Intern Designate
Associate Designate
Senior Associate Designate
Managing Senior Associate
Senior Managing Associate
Managing Associate Designate
Counsel Designate
Associate Counsel
Managing Counsel
Associate Partner Designate
Executive Partner Designate
Equity Partner Designate
Managing Partner Designate (to my mind this one probably makes the most sense)
Go ahead and get creative. It gives everyone a reason to celebrate.
There are fundamental problems with the current set up here. There is an entire 'rung' of lawyers missing. The client gets a poor bargain as the billable work to be done by an A1 is done by an SA, to be done by an SA is done by an MA, and so on. At times, the client is charged more 'rationally' and while designations may seem flattering the nature of work done by an MA is only at par with that of an SA in another firm. All that while work and revenue target expectations make life utterly miserable for the MA/SA.
It only makes sense to have so many Partners/ MAs when there are more and more teams to nurture and sufficient work to feed them. Sadly, neither hold true for Luthra. Surely, those who've been promoted perhaps deserved the reward for sticking out in the trenches, but surely there are bigger issues not addressed before we can return Luthra to the pre 2013 era.. still a far cry from competing with the likes of AMSS, AZB.
Then 1-2 years at managing associate level (truly partner in watch) - from there you either become partner or counsel/of counsel.
An approximately 10 year track to partnership from NQ.
It now seems that Big man RKL has taken the reins back in his hand... high time that the free fall was arrested.
Hope the the damage caused by those who thought that they were bigger than the Firm and considered themselves to be the ultimate power center(s) in the Firm. is undone soon and the Firm regains its position at the top. Now if only some (ill mannered and insecure) partners were to leave,the Firm would be THE place to be at once again.