Trilegal has continued expanding its finance footprint, with J Sagar Associates (JSA) corporate and finance retained partner Pallavi Banerjee having been hired to join as a counsel in Mumbai, we reliably understand.
Banerjee specialises in banking and finance debt, syndicated lending, domestic and external commercial borrowings, security creation and regulation. She also advises on private equity and corporate work.
We have reached out to JSA and Trilegal for comment.
Pallavi BanerjeeWork historyFrom: Apr 2021: Retained Partner, J. Sagar AssociatesFrom: Apr 2019: Principal Associate, J. Sagar AssociatesApr 2017 - Apr 2019: Senior Associate, J. Sagar Associates (Mumbai Area)Apr 2013 - Apr 2017: Associate, J. Sagar Associates (Mumbai Area)Education1994 - 2008: Modern High School, Kolkata, , 2008 - 2013: West Bengal National University of Juridical Sciences, Bachelor of Laws - LLB, Law
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'another move'? Please remind me of the other. Mallika from CAM recently joined as partner. She hadn't completed a year in partnership at cam. Dont know about the JSA lawyer here but could it not br on a case to case basis ? Or maybe she realised partnership is not her thing ? Who knows. Kian- maybe get a quote from her asking why a counsel position is more enticing than partnership? This to my mind is unprecedented (uneducated guess) that a partner is moving to another indian firm (not drastically different in stature/tier) with a designation demotion ?
Don’t think it’s a designation demotion. She was a salaried partner here. She’d be an equivalent of salaried partner there as well. Do enlighten what’s the difference between a Counsel at Trilegal and salaried partner at other firms ?
I guess this just goes on to show that Trilegal's counsel position is more attractive to a non-equity partner of JSA - can't generalise these things to be honest. In most cases, Trilegal counsels and junior partners, like most PA's/non-equity partners in other Tier-1 firms oversee and execute work brought in by senior partners (same as any other tier 1 firm!).
In this case there are multiple factors that could be in play:
(i) JSA is not considered tier-1 anymore in most critical practice areas (thought banking was an exception!); (ii) The concerned person may be making more as a counsel than as a non-equity partners at JSA (most banking deals are fixed fee matters and the 12% bill share may not be remunerative enough); (iii) Trilegal partnership follows a lock step model, which means only equity once you are a partner (biggest selling point as to why people move to Trilegal as partner).
Congratulations and well deserved. Yet another departure. The firm continues to plummet. JSA's managing partners will tell everyone that the departures are 'cyclical' and things will recover. Meanwhile the other firms become a runaway success. The last remaining good things we hear about JSA is from Mumbai, Bangalore and Delhi offices. But still so many meritorious people are leaving. Bad leadership has ruined the firm we worked so hard to build. Its a shame Gurugram office has nothing to show for itself. The big boss and her sycophants. Still surviving off Mr. Sagar's goodwill and clients. Appointing partners who dont even have a command on the language. It is sad to see the firm which was actually a leading institution, recognized internationally, decline like this. Bring Berjis back!
big hit to bhakta as pranav sharma is senior, from a "bigger platform"(sam can and linklaters london) and has a lot of best in market experience in debt capital market/bond offerings. yo!
This steady decline has been a long time coming. I can't agree more about the Gurgaon office. But there are still good partners, look at Amit Kapur in Delhi and Sajai in Bangalore, they had much better leadership qualities to lead the firm. Good sharp lawyers. Jyoti and Berjis should have chosen them. Outside world - JSA has this reputation of being a great firm with no politics, but pull back the curtains and it's a different story. Just look at the Partners of any other top 5 firm compared to a partner of the same experience level from JSA Gurgaon office. Trilegal has a good future... Hope they keep it together.
Yes true, look at the persons who have left from the Gurugram office, they are all doing well outside. Inside the firm they were persecuted. Khaitan and Co. has a lift people up culture. If they still cant do well, then the firm takes a call. JSA has a culture of - if you dont bend to the stick or play along with the politics of others, we will oust you. Doesn't matter if that is good or bad for the firm in the long run. Our views are as lawyers, and it feels bad when other people have taken bonuses from your hard work. But even the clients have told me negative feedback, how the firm was an entirely different place previously, and they are happy only with few practice areas.
So much chalk on JSA Gurugram office in the comments. JSA insiders know the failures of its partners is going to cost them so hard in the coming months. It is a matter of time that the best talent leaves.
Yes, they must be really bummed. It will be a relief that IBLJ will retain them as a reputed practice. Trilegal of course will sit above CAM and SAM now with this star acquisition. I think Pranav only moved after he heard about Pallavi.
Aashit and Anish were worried who will sign their invoices now, and who to ask for views on complex FEMA matters. I hope they will find someone because the void is huge.
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Dont know about the JSA lawyer here but could it not br on a case to case basis ? Or maybe she realised partnership is not her thing ? Who knows. Kian- maybe get a quote from her asking why a counsel position is more enticing than partnership? This to my mind is unprecedented (uneducated guess) that a partner is moving to another indian firm (not drastically different in stature/tier) with a designation demotion ?
In this case there are multiple factors that could be in play:
(i) JSA is not considered tier-1 anymore in most critical practice areas (thought banking was an exception!);
(ii) The concerned person may be making more as a counsel than as a non-equity partners at JSA (most banking deals are fixed fee matters and the 12% bill share may not be remunerative enough);
(iii) Trilegal partnership follows a lock step model, which means only equity once you are a partner (biggest selling point as to why people move to Trilegal as partner).
Jab mujhe offer mila thaa tab le lena chahiye thaa :-/
JSA has a culture of - if you dont bend to the stick or play along with the politics of others, we will oust you. Doesn't matter if that is good or bad for the firm in the long run. Our views are as lawyers, and it feels bad when other people have taken bonuses from your hard work. But even the clients have told me negative feedback, how the firm was an entirely different place previously, and they are happy only with few practice areas.
Aashit and Anish were worried who will sign their invoices now, and who to ask for views on complex FEMA matters. I hope they will find someone because the void is huge.
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