Amarchand Mangaldas
Amarchand Mangaldas' Delhi office has promoted principal associates Prashant Gupta and Tejas Karia to its partnership, with Gupta being the firm's first full-time capital markets partner outside of Mumbai and Bangalore, while Mumbai has made up principal associate Vandana Pai Bharucha.
Amarchand Mangaldas was the busiest IPO law firm in Legally India's 2009-10 financial year (FY) league table by far but the newer practices Luthra & Luthra, S&R Associates, AZB & Partners and Khaitan & Co have managed to keep pace in bank advisory work bagging nearly as many instructions.
NLU Jodhpur has beaten the recession blues with its entire 2010 graduating batch of 2010 finding jobs or placements with Trilegal, Luthra & Luthra and Amarchand Mangaldas picking up 17 students in total and legal process outsourcing (LPO) companies including Clifford Chance's captive LPO hiring eight, according to faculty.
Amarchand Mangaldas and Trilegal conducted interviews on NLSIU Bangalore campus with 35 students yesterday (25 May), making 15 job offers and hoping to steal a march on competitors in the recruitment war for 2011 graduates.
Amarchand Mangaldas is advising ICICI Bank on its takeover of Bank of Rajasthan (BoR), whose promoter Pravin Kumar Tayal is represented by Paras Kuhad Associates, in a stock deal that envisages a share exchange ratio of 25 ICICI shares for 118 BoR shares.
Amarchand Mangaldas picked up almost one third of 33 initial public offering (IPO) mandates in the first quarter of 2010, while Crawford Bayley, J Sagar Associates (JSA), Luthra & Luthra and Khaitan & Co together bagged another 40 per cent of instructions.
AZB & Partners has shot to the top of the mergermarket M&A league table by acting on seven out of eight of the largest M&A deals in the first three months of 2010. Desai & Diwanji and Amarchand Mangaldas respectively came in at second and third place by number of deals done.
Amarchand Mangaldas has hired a lateral partner and banking and derivatives specialist from the UK and has promoted three of its partner designates to full partnership.
Turnovers at India's top 50 corporate law firms range from $500,000 (Rs 2.2 crore) to $40m (Rs 181 crore) with aggregate revenues of all firms amounting to $350m (Rs 1590 crore), estimated an analyst report on the Indian legal industry.
Amarchand Mangaldas has announced variable compensation to salaried staff on Friday with total rewards up to 80 to 95 per cent of maximum levels, as the firm is expecting a record turnover for the 2009-10 financial year.
A poem on how law students make a beeline for the Big Law and get CAUGHT.
DASAMAR CHANDMANGAL SWEETS:
Are law students an insect creed?
‘DasAmar ChandMangal Sweets’.
Proclaims the shop; a proud tweet!
However, it is unhygienic.
Hyped flies get hyperactive
Over its over-sugary syrup.
On sugar they are hell-bent,
Of sugar jars they care.
They fall on the mithais; snared.
Wings and legs wriggle; the body unable to wriggle out.
Soon the dead flies make the air putrescent.
The blood and the smell
Attracts mosquitoes. They drink blood,
More blood. They get drunk.
And fall on the mithais.
And die a sweet death.
Noses pucker. A pyre is set
To eulogise the animals dead.
Lo! The fire! It attracts moths.
Wah! The insect creed!
Keeps the tweet, a proud tweet.
PS- Well... law students prepare well for the 'insect' tag...interning, publishing and inging a lot. ('Inging' is a new word invented by me...I hope you'll know what it means).
And if you are a thorough-bred insect and want to know how to make your internship turn into a PPO (Pre Placement Offer), please go ahead and support my marketing gimmick by clicking on the link.
The book-running lead managers are Kotak Mahindra, Enam Securities, JP Morgan India and Morgan Stanley India.
Amarchand, Luthra & Luthra and Khaitan & Co were leading in Legally India's Q3 2009-10 IPO rankings.
Crawford Bayley has picked up the latest Government disinvestment mandate for India's single largest iron ore producer and exporter National Mineral Development Corporation (NMDC), following Amarchand Mangaldas, Fox Mandal Little and Luthra & Luthra bagging the three other disinvestments of the past four months.
Wadia Ghandy Mumbai and Amarchand Mangaldas Delhi have helped GTL Infrastructure in acquiring Aircel's telecom tower business in an all-cash deal valued at Rs 8,400 crore ($1.84bn).