Trilegal litigation nets first Mumbai partner with fresh ELP associate-partner Faraz Sagar [UPDATE-1]

Economic Laws Practice (ELP) associate partner Faraz Sagar has joined Trilegal as a partner in Mumbai today to bolster the firm’s litigation and dispute resolution in the city.

Trilegal Delhi partner Anand Prasad confirmed his joining.

Update: In a press release, senior Trilegal litigation partner Sitesh Mukherjee said: “Faraz brings extensive experience in advising and representing a number of domestic and international clients on corporate criminal liability and white collar crimes in various courts, tribunals and other fora and will strengthen our disputes resolution practice.”

The 27-partner law firm will now have three partners in dispute resolution, with Mukherjee and Shankh Sengupta in Delhi and Sagar in Mumbai. The firm would announce its internal partnership promotions in the “next few days”, according to the release.

Trilegal now has three Partners in its disputes resolution practice with Sitesh Mukherjee and Shankh Sengupta located in its Delhi office and now Faraz Alam Sagar located in Mumbai.

He became associate partner at ELP in May, after having joined the firm in 2012 from Wadia Ghandy & Co.

He began his career at PricewaterhouseCoopers (PwC) in 2006, moving to Freshfields Bruckhaus Deringer in London for one year in 2008.

Sagar is a graduate of Symbiosis Law School, holds a master of business laws from NLSIU Bangalore and an LLM in Finance from the Institute for Law and Finance of the Goethe University in Frankfurt, Germany.

Update: Trilegal’s press release stated:

Faraz regularly advises and represents clients before the Enforcement Directorate and other regulatory authorities under the Foreign Exchange Management Act and Prevention of Money Laundering Act. He also advises and conducts extensive internal forensic investigation and corporate espionage investigation for corporate clients. Notably, Faraz has advised and assisted one of the world’s largest telecom service providers in the 2G Scam criminal case. Prior to joining Trilegal, Faraz was part of the litigation and dispute resolution team and environmental law team of a leading Indian firm.

In the last six months, Trilegal has added three new Partners. Of these, Kunal Chandra and Gautam Singh were selected from within after the last round of Partner selection process held earlier this year, and Ravindra Bandhakavi, an expert in PE and corporate M&A, joined the firm from another leading Indian law firm.

We have reached out to ELP for comment.

Comments

Guest 1 Oct 2015, 10:16
+6 -2
Great catch for Trilegal - Excellent litigation lawyer - All the best!
Guest 1 Oct 2015, 10:16
+4 -2
Congratulations Faraz! A good lawyer, and although not very significant, a loss nonetheless for ELP!
Kabutar 1 Oct 2015, 10:43
+5 -0
Massive salary increases as well apparently.
Why? 1 Oct 2015, 11:15
+3 -0
Why would Trilegal make a lateral hire of a newbie partner who does not come with a big book of his own... defies logic. Lateral hires make sense if they are of established partners with couple of years and several clients under their belt.
kianganz 1 Oct 2015, 11:19
+6 -0
Just a guess - maybe because they want more litigation capacity in Mumbai?

If you have a lot of corporate clients, which is still where Trilegal specialises, then presumably some litigation will automatically come along with that, and you'll need partners to manage those.
Why? 1 Oct 2015, 13:33
+1 -1
Even so, the risk in hiring a newbie partner laterally in a full equity setup like trilegal is higher compared to hiring someone with experience and clients. Ravi Bandhu made sense, not this.
kianganz 1 Oct 2015, 14:07
+1 -0
Not necessarily - this could be on point: http://www.legallyindia.com/Law-firms/the-number-that-makes-law-firms-tick-and-khaitan-similar-to-jsa-azb-to-amarchand-but-different-from-trilegal-via-mint
Spock 2 Oct 2015, 00:57
+0 -0
Logical, but not necessarily correct. GC's of today's day and age are way more seasoned. They know where to go, for what!
ZZB 1 Oct 2015, 11:15
+6 -2
As everyone knows Trilegal Mumbai Litigation isn't very strong.

Tier II firm Associate Partner is now Partner in Tier I ?? firm !!
Guest 1 Oct 2015, 11:56
+16 -3
ELP is a top tier tax and commercial litigation/arbitration practice - It is also a GAR recognised firm! In light of these facts, it's a great move and good catch for Trilegal! All the best l!
ZZB 1 Oct 2015, 16:40
+0 -0
No doubt ELP is a very good firm & is good in the practice areas mentioned by you but its not yet a Tier I firm, it may get there some day!
2 Cents 1 Oct 2015, 17:48
+8 -0
[quote name="ZZB"]No doubt ELP is a very good firm & is good in the practice areas mentioned by you but its not yet a Tier I firm, it may get there some day![/quote]
I think the issue being brought up there is - one way to look at this would be, rather then Tier II to Tier I, Tier I practice in a Tier II firm to a growing practice in a Tier I firm.

Credit where it's due, the Tax and Lit teams at ELP are Tier I in those areas, and honestly what carries the firm. If this was a move from one ELPs other practices I think the persuasion to view it as described above is far lower, as besides these two areas and maybe Trade the firm is definitely not yet Tier I.
Real 2cents 1 Oct 2015, 19:54
+2 -1
Please choose a different name!
Lolcatz 2 Oct 2015, 08:17
+0 -0
What really differentiates a Tier I firm vs. a Tier II firm? Is it scale? Numbers? Quality?
kianganz 2 Oct 2015, 08:20
+1 -0
Tier 1 and Tier 2 are pretty arbitrary concepts, I think...
not-so-old friend 1 Oct 2015, 13:13
+3 -0
congrats Faraz! And best of luck.. you are going to need it :P
Guest 1 Oct 2015, 15:01
+5 -0
While it's important to have visibility of a 'book' to qualify into equity of a tier 1 firm, this logic, unfortunately, doesn't apply when a firm is building a new practice area - and specially when it is confident of generating work from existing clients in that practice vertical - It's a fantastic move by Trilegal to bring in high quality resource! While this highlights openness on the part of Trilegal Partnership in recognising solid talent, it also demonstrates that they are undeterred in taking punt for the right guys! Cheers to Trilegal - You guys are well positioned to take on the might of other Tier 1 platforms!
crazy noodle 1 Oct 2015, 15:56
+3 -4
Trilegal delhi has two solid disputes partners in Sankh and Sitesh. Faraz will add to their might. Way to go Trilegal.
ELP Insider 2 Oct 2015, 07:09
+11 -2
At ELP he said he is relocating to Singapore at the time of resigning.
Faraz 2 Oct 2015, 10:48
+0 -0
HAHAHAHA.....Faraz Faraz
GS 3 Oct 2015, 04:48
+1 -2
Best of luck, Faraz! Really approachable and friendly chap... he's come a long way from being the fun college senior (read Joey v Chandler) to this! :-)
Guest 3 Oct 2015, 10:54
+1 -1
Get your facts right. That was his wife moving to Singapore, not him.
Guest 3 Oct 2015, 17:22
+2 -4
Congrats to the chap, equity partner in 8 years of which only 6 were spent working in India, big stuff!!
Guest 3 Oct 2015, 19:51
+7 -0
Nice to see news where comments are largely positive to both firms involved, and the individual that's moving.
angrezi_kam 4 Oct 2015, 02:37
+0 -0
What does the phrase "comes with visibility of a book"/"big book of his own" exactly mean?