business
Shardul Amarchand Mangaldas (SAM) corporate communications senior manager, Rahul Gossain, has joined Cyril Amarchand Mangaldas (CAM) as its Delhi-based national marketing communications head.
The answer may be that it’s complicated and that there’s no silver bullet: a wide swath of factors matter (and don’t matter) in selecting lawyers by in-house counsel, revealed a survey of 65 general counsel (GCs) and senior legal managers by event management company IDEX Legal and information provider Thomson Reuters.
Read on for the hottest M&As, fundraisings and financings of the fortnight.
Most lawyers will publicly decry that they have any emotional attachment to their firm’s league table position; in truth (or with time) almost every lawyer ends up caring about it anyway.
India Today Group’s Business Today magazine has chosen Madhurima Mukherjee, who left Luthra & Luthra last week, and Amarchand Mangaldas Delhi partner Pallavi Shroff, as two of India’s 25 “most powerful women in business”.
AZB & Partners Mumbai-based co-founder Zia Mody has won the award several times since 2004 and is now inducted into the magazine’s so-called hall of fame, and therefore ineligible for any future awards.
Yesterday’s ceremony is understood to have also been attended by Luthra & Luthra managing partner Rajiv Luthra, and Bharti Shroff, Amarchand partner and mother-in-law of Pallavi Shroff.
[via Business Today: Mukherjee ‘capital gains’ profile & picture (warning, contains geese); Pallavi Shroff ‘queen of the court’ profile]
The Kerala bar council has suspended a lawyer for “professional misconduct” after “indulging in business activities apart from being an advocate”.
Kochhar & Co's founding partner was recently the first practising lawyer to be awarded 'young entrepreneur of the year' at the Rajiv Gandhi Awards.
We have quizzed the lawyer and businessman on his passion for enterprise and what it takes to be an entrepreneurial lawyer - apart from following your dreams.
Confounding expectations Press Notes 2 and 4 will stay as they are, according to a press report this morning. Perhaps a few lawyers will not have been surprised, however.
"There is no plan to make any changes in Press Note 2 and 4 at all," an unnamed "senior finance ministry official" told the Indian daily Business Standard.
Upsetting for some - Indian lawyers have complained for months now about the grey areas in Press Notes 2, 3 and 4 that were feared (or hoped) to allow foreign direct investment (FDI) through a backdoor route.
"I am surprised that such statements are being given," said one Mumbai-based corporate partner, who added that Press Note 4 governing downstream investment and ownership and control issues needed some work done. "We were quite sure that there would be something which would clearly clarify things and not leave anything to interpretation."
On the other hand, for several months now Legally India had heard off-the-record murmurings from a small handful of lawyers that they did not think the Finance Ministry would revise the Press Notes.
Did they know something that journalists and other lawyers didn't?
Pressure from Bharti, MTN and their advisers could have also swung the mood, as both the companies and the Government hope to seal the biggest cross-border M&A deal in India's history, which will rely on the Press Notes in its complex structuring.
And Pantaloon Retail too – whose current legal advisers Legally India has unsuccessfully been trying to confirm for ages – embarked on the first steps to an ambitious restructuring to increase foreign investment stakes in reliance on Press Notes 2 and 3.
An seemingly gutsy move at the time but perhaps Pantaloon and its advisers too knew something others did not, despite the restructuring having now apparently been put on hold.
Our fourth newsletter has details on JSA's South India strategy as well as stories on lots of other legal entrepreneurs. Enter your email name and email address below to receive the next issue straight to your inbox:
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Much of India is suffering under the delayed monsoon so badly that many economists are talking of revising growth forecasts downwards...