BMR Legal
BMR Legal indirect tax partner Madhav Rao, who had joined the sister law firm of consultancy BMR Advisors one year ago from Lakshmikumaran and Sridharan, has left BMR to join Advaita Legal as a senior attorney, reported Bar & Bench.
Advaita was set up in December 2013 by BMR co-founding partner Sujit Ghosh with a former KPMG partner. The firm is believed to be a best friend law firm to KPMG
Venture Intelligence, which tracks private equity transactions “involving India-based companies” has published its ranking for the first quarter of 2015.
Induslaw represented Olacabs, which must fast be turning into one of its most high-profile and valuable clients, in a $200m takeover of TaxiForSure.
Economic Laws Practice advised Tano India Private Equity Fund II on its investment in MSH Sarees, which owns the Jashn brand and was advised by BMR Legal.
ELP partner Suhail Nathani, associate partner Vinayak Burman, senior associate Archana Khosla and associates Amoolya Narayan and Trishna Sharma acted for Tano. BMR partner Amit Khansaheb and Souvik Ganguly acted for MSH.
The investment was around Rs 60-80 crore ($10m-$13m), reported VC Circle.
Lakshmikumaran & Sridharan has hired former BMR Legal partner Raghavendra Rao as an executive director to head its direct tax practice.
BMR Legal has continued advising online ticketing website BookMyShow in its latest fundraising round of Rs 150 crore by existing venture capital investors SAIF Partners and Accel Partners, who have continued relying on Indus Law.
BMR Legal has opened an office in Bangalore with two partners from Themis Associates and their six-member team of lawyers.
Lakshmikumaran and Sridharan (LKS) partner and head of indirect tax litigation Madhav Rao joined BMR Legal in Delhi as partner on 1 April, handling indirect tax litigation.
Former AZB & Partners senior associate, Souvik Ganguly, who founded start-up law firm Acuity Law, as reported by Legally India in February 2012, has joined BMR Legal as a partner.
Former BMR Legal co-founding partner Sujit Ghosh has set up tax litigation firm Advaita Legal with ex-KPMG partner Sunil Moti Lala. Ghosh is based in Delhi, Lala is based in Mumbai and the firm has 30 lawyers across its offices in the two cities, reported legal website Bar & Bench.
According to Lala’s Linked-in profile, Advaita was started in September 2013.
Ghosh, who heads the start up’s indirect tax litigation practice, co-founded BMR Legal in 2004. He graduated from NLSIU Bangalore in 1995 and joined Arthur Andersen until 2002 and Ernst & Young until 2004. Lala heads corporate tax litigation at Advaita Legal and was at KPMG since 2010 and at PricewaterhouseCoopers since 2007.
The founding partners declined to comment when contacted by Bar & Bench, but apparently “it is understood that the firm works closely with KPMG”. BMR Legal is the legal services arm of BMR Consulting, while Big Four consultancy Ernst & Young has an alliance with law firm PDS Legal.
S&R Associates and Kirkland & Ellis advised the UK-based Kewill group and its backers Francisco Partners, in buying Hyderabad-based software solutions provider Four Soft for Rs 265 crore ($43.4m). Four Soft was advised by BMR Legal.
Luthra & Luthra advised India’s largest multiplex operator PVR in its Rs 1,000 crore contract with BMR-advised Big Tree.
BMR’s latest recruit, Amit Khansaheb, seals second deal at consultancy’s legal arm.
Vaish Associates and Crawford Bayley advised Delhi-based liquor firm Globus Spirits in raising Rs 70 crore ($13m) from Templeton Strategic Emerging Markets Fund IV LDC (TSEM) which was advised by BMR Legal's new hire from Desai & Diwanji.
Desai & Diwanji Delhi partner Amit Khansaheb, who had been with the firm for 18 years, has joined BMR Legal – the legal services arm of consultancy firm BMR Advisors – as a partner in order to ramp up the firm’s M&A and private equity legal practice.