Platinum Partners is set to separate along geographical lines, with the Mumbai and Delhi office each rebranding from 1 November 2020 under new banners.
The Delhi and Bengaluru offices are headed up by partner Karam Daulet-Singh and have around 5 partners, who make up around 30 fee-earners. Of those, one partner and 5 fee-earners are based in a Bengaluru office.
This partnership will be called Touchstone Partners, and it will start a new Mumbai office by hiring Nishith Desai Associates (NDA) leader Ruchir Sinha as a partner.
The Mumbai office, which is headed up by partner Ankit Majmudar, has up to 30 fee-earners, including around 6 partners.
This Mumbai partnership under Majmudar will rebrand to Quillon Partners.
Update 22:25: NDA managing partner Nishith Desai said: “We had wonderful time together. Even now we are strongly bonded and are a having laughing time. We express our gratitude to him for training and mentoring a battery of law leaders to succeed him in the true NDA culture and tradition. Indeed, I wish him the best and confer my blessings.”
Both new managing partners confirmed their separation with similar comments about the future.
Daulet-Singh commented:
The New Delhi office and the Bangalore office of Platinum Partners are parting ways with Mumbai. It is happening effective 1 November and the Platinum Partners brand will indeed be retired on 1 November.
We, and I speak for New Delhi and Bangalore, will be rebranding ourselves and we are calling ourselves Touchstone Partners.
Ruchir Sinha will be joining us and will head our Mumbai office.
Majmudar commented:
After many years together, the Mumbai offices of Platinum Partners and the Delhi / Bangalore office of Platinum Partners will be parting ways.
We have all collectively decided to retire the Platinum Partners brand from 1 November.
The Mumbai office will be rebranding as Quillon Partners and will be launching its Bangalore office and will remain present in Delhi.
The death of the Platinum Partners brand name will presumably avoid any protracted separation discussions and negotiations (such as those that are going on at L&L Partners right now), which will let both new firms hit the ground running.
Another advantage: each geographical location (Mumbai, and the Delhi-Bengaluru region) were in any case administered and run as separate partnerships.
Update 30 October, 10:02: In response to a comment below, Daulet-Singh commented: “The Reema Ray Scholarship has always been and will continue to remain our initiative.”
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I head diamond partnership. Diamonds are forever. Not de beers but three cheers.
Hic hic hurray.
The law firm business is surely driven by personal pride and negativity, with no sense of inclusion or inclusiveness.
For men may come and men may go but I go on forever....guess this pandemic year is a year of reckoning!
Why can't people part on good terms for real? Especially if yours is a firm where they have no real chance of getting some real skin in the game.
Will expenses of this type of things be borne by one of them or shared by the New firms or canceled?
And who names a firm Quillon!!
And how will they remain present in Delhi?
PP - Perplexing Peepool
One BKC, 808 B, Tower C,
Bandra Kurla Complex,
Mumbai – 400051
Office address for Touchstone Mumbai. I think the firm is doing really well in the pandemic to be able to expand in these tough economic circumstances and tie up such premium real estate.
Traffic is jaan leva! Associates of the firm should get work from home for 3 days a week and should be given mental trauma allowance for each day of work from office! Indus Law waalon tum bhi maang karo.
Who are the last home grown partners? Hopefully this changes.
Admin and IT used to be pretty UnTouchstone!
#Quillon #Touchstone #Stratage #Clovelegal #Spiceroute #Ikigai #Burgeon #thirty_thousand_firms_starting_with_Lex #Another_thirty_with_Juris
All the best Ruchir! Do the great things you're destined to!
Best of luck to Touchstone for the new innings and wishing the associate soldiers all the best!
Or...
#brandbuildstrust
Main hoon Radia
Only time will tell.
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