equity partnership

Orbit Law Services has promoted four of its partners into equity, following the retirement of co-founding partner PV Rao and a corresponding widening and redistribution of equity.

A fundamental rift has opened up at L&L Partners over how its long-held promoter equity should be opened up and distributed to other partners in the firm.

Amit Jajoo (Mumbai; commercial litigation),Avik Biswas (Bengaluru; employment law, anti-bribery and anti-corruption),Lomesh Kiran Nidumuri (Bengaluru; civl and commercial disputes),Manan Lahoty (Mumbai; capital markets),Manish Gupta (Delhi, M&A, private equity),Mayank Mishra (Delhi; disputes),Nishant Singh (Mumbai; M&A, private equity, banking & finance, corporate) andSaurav Kumar (Delhi, M&A, private equity, corporate).

The Indian Government has set ambitious targets for renewable energy, yet must protect the existing portfolio and assure regulatory certainty.

In a major move by consultancies in the global legal markets, Big 4 consultant EY has gobbled up legal process outsourcer (LPO) Pangea3 from Thomson Reuters, which had bought the then-India-headquartered LPO in 2010 for up to $40m from its founders.

According to several sources, S&R Associates partner Rajat Sethi and UK firm Slaughter and May partner Susannah Macknay have been advising Vodafone on its long-awaited Rs 80,000 crore ($12.2bn) merger with Idea, which was formally announced today.

The Supreme Court today dismissed a PIL urging it to ask the government to seek the private key from WhatsApp and similar applications to access their contents in times of need.

The Supreme Court next Wednesday will hear a petition seeking a ban on WhatsApp on the ground that the messaging platform's end-to-end encryption gives terrorists a means of communication that is impossible to intercept.

When the Department of Electronics and Information Technology (DeitY) published the Draft National Encryption Policy last week, it probably did not expect to have it withdrawn in just a few days' time. After facing a seething attack from all quarters, the IT Minister, Ravi Shankar Prasad, announced that the draft policy was not the government’s final view, and a revised policy would soon be published.

As managing partner Berjis Desai’s exit nears and after the departure of senior Mumbai rainmaker Akshay Chudasama, concerns mount over the firm holding on to its democratic structure and how it can remain competitive for the next 25 years.

And if you’ve read the article in Mint already, click through for additional interesting transcripts from the interview.

Getting the ratio of partners to non-partner fee-earners right has its rewards, but it is, at best, an inexact science.

Ashok Dhingra Associates, a tax and regulatory boutique set up last year by ex-J Sagar Associates (JSA) tax chair Ashok Dhingra and partner Smita Singh, has converted into a full equity partnership.

Cyril Amarchand Mangaldas, as the new partnership under Mumbai-based brother Cyril Shroff is set to be known when started from 1 April, has finalised a list of seven new equity partners, and 12 new salaried partners to be promoted in its existing offices.

Wadia Ghandy has created a joint managing partner post, which managing partner Ashish Ahuja will share with executive committee partner Dhawal Mehta.

Lakshmikumaran & Sridharan (LKS) has made up seven non-founding partners into equity, for the first time ever, in its 30th year of existence.

Answer: It depends (but nine is magic number)

J Sagar Associates (JSA) partner Lalit Kumar has set out the important new sections of the Companies Act that were yesterday announced by the MCA and would be notified and come into force on 1 April.