Cyril Amarchand Mangaldas

Both sides of the now divided Amarchand Mangaldas family empire have considerably increased their recruitments for 2017 from top law schools, many top firms have filled up their quota from recruits from top law schools already.

NLSIU Bangalore’s 2017-graduating batch placed 33 out of 53 participating recruitment coordination committee (RCC) members, out of a total batch of 81, on 2 April.

Cyril Amarchand Mangaldas corporate partner Ashwath Rau has informed the partnership today that he would resign.

Cyril Amarchand Mangaldas (CAM) beat 2015’s top three firms, and flew past Shardul Amarchand Mangaldas as well, to lead Mergermarket’s M&A value rankings this quarter (Q1).

Cyril Amarchand Mangaldas principal associates Shyamali Singh and Harsh Maggon have joined AZB & Partners in Mumbai, with Singh becoming a partner and Maggon a counsel.

Cyril Amarchand Mangaldas has promoted eight of its lawyers to partner with effect from 1 April, according to a press release:

“He would have found it challenging,” says Pallavi Shroff, Delhi managing partner at Shardul Amarchand Mangaldas (SAM), about how Mumbai managing partner Akshay Chudasama, hired from the very different J. Sagar Associates (JSA), would have fit into the legacy firm had he joined before the break-up.

AZB & Partners has poached Luthra & Luthra M&A and corporate Delhi partner Aparna Mittal

Grant Thornton is seriously miffed at and has threatened to sue for breach of contract former Grant Thornton senior forensics team member Kunal Gupta, who was poached by Cyril Amarchand Mangaldas as reported in the previous week.

Legally India reliably understands that Kunal Gupta, Gurgaon-based partner of international accountancy and consulting firm Grant Thornton India, is set to join Cyril Amarchand Mangaldas to head up its forensics team as a partner.

Late Monday night, LafargeHolcim said the Competition Commission of India (CCI) has cleared the deck for one part of its India plans, which involves selling Lafarge’s cement business in the country. Mint reported that the deal to sell its entire cement portfolio could be valued at Rs 10,000 crore and that deal will now likely go through.

However, LafargeHolcim’s struggle with the regulatory red tape will not end there, as the company is still awaiting clearance from the Foreign Investment Promotion Board (FIPB) for its 2013 restructuring plan involving its units ACC Ltd and Ambuja Cement Ltd. The plan was submitted for FIPB approval in October 2013.

reported http://www.livemint.com/.

Initially, AZB & Partners with Vinod Thall-TTA drafted in on competition aspect acted for Lafarge, while Holcim was represented by Cyril Amarchand Mangaldas, Legally India had reported in August of last year following the CCI order for the to-be-merged $44bn entity to slim down, which it did by divesting Rs 5,000 crore of cement plans to Birla.

After the deal with Birla fell apart acrymoniously, it is understood that Cyril Amarchand took over as the lead counsel on the Lafarge Holcim merger.

Correction: The original version of this story erreneously stated that AZB and Vinod Dhall-TTA had also acted on the second leg of the deal.