Exclusive: Khaitan & Co Delhi-based associate partner Rahul Ray and senior associate Shahana Farah have left to join Lakshmi Kumaran & Sridharan (LKS) as partners along with their team of five lawyers with effect from 1 July 2011.
LKS partner Badri Narayanan (pictured l.) said: “We have a very fixed and longstanding goal to become a full service law firm and this is a part of our endeavour to become a top tier law firm and corporate practice.”
“We welcome this move, the team which is coming is in line with our aspirations and values and we look forward to expanding out practice to become a top tier firm.”
Ray joined the LKS litigation team from Khaitan with former senior associates Vikram Bajaj and Anil Dutt, and associate Kumar Mihir. Farah will look after corporate transactional work at LKS having moved with senior associates Vikrant Rohilla and Gaurav Shanker.
Farah told Legally India: “We look forward to working in the existing corporate practice which they have over here [LKS] and we will be expanding that and taking it to new heights with our experience.”
Ray and Farah are both law graduates of Delhi University with Ray having spent nine years and Farah seven years at Khaitan & Co. Ray was promoted as associate partner in Khaitan & Co’s litigation department in March this year.
Khaitan & Co Mumbai-based partner Rabindra Jhunjhunwala said the firm wished Ray and Farah and their team the best.
LKS has also inducted Divya Jain from Chopra & Associates as a senior associate besides the five Khaitan & Co lawyers from who have joined in the capacity of senior consultants and consultants.
LKS is one of India’s leading tax law firms with 200 professionals across six offices and around 28 partners, according to Narayanan. In September of last year LKS had hired two lawyers from Remfry & Sagar as partners in its intellectual property practice.
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The team that has left is Mr. Rahul Ray, Ms. Shahana Farah, Mr. Vikrant Rohilla, Mr. Anil Dutt, Mr. Vikram Bajaj, Mr. Kumar Mihir, Ms. Divya Jain, Mr. Gaurav Shanker Mathur as well as a Para Legal Mr. Madan Chaudhary.
Many more are waiting to leave the KCO Family if the reins remain in the hands of people like [...].
Indeed the KCO team that has left for LKS had its own merits, but the big question is can LKS align itself to fulfill the aspirations of the incoming team, especially in litigation.
Wake up and smell the coffee - being 100 years or whatever old means zilch if a place is still nothing short of a [...]
Pride cometh before the fall...
I have no idea of how KCO functions, but gathering from the posts above, people are tempted to leave a 100 year old firm for a poor pay master!! Its time firms took note of the lit teams in their firms.
While I wish luck to the team joining LKS, I believe that such moves are part and parcel of professional life. Even Khaitan has hired teams from other firms, and teams from Khaitan have moved out. Instead of scandalizing the entire move, let us understand that its aimed at achieving growth for LKS as well as people who have made the move.
This might be good for Khaiatan as well as some churning out was needed and it gives an opportunity for the Firm to reflect and introspect.
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