L&L Partners
Luthra & Luthra partner Santanu Mukherjee, who is head of international trade and policy advisory at the firm and had joined less than a year ago, has announced he’d leave Luthra to apparently go independent.
Luthra & Luthra has hired Bharat Chugh as a counsel in Delhi, according to its press release as reported Bar & Bench.
Asian Legal Business (ALB) magazine last month released a listing of Asia’s biggest law firms, including a round-up of the 25 largest Indian firms by total headcounts.
Former Luthra & Luthra partner Rajesh Chavda, who as we had reported on 2 November had left the firm, has now joined IDFC Alternatives as director legal and compliance.
Luthra & Luthra has moved its Bangalore office from the Ulsoor Road area to the third floor of Onyx Center on Museum Road, reported Bar & Bench, with space for 40 lawyers.
"Direct-to-home television operator Dish TV will merge with Videocon d2h, creating India’s largest media company by sales. Dish TV is the market leader in the DTH space while Videocon is the third largest by subscribers. Their combined sales in FY16 were Rs 5,920 crore, more than Zee Entertainment, which had sales of Rs 5,850 crore. Both Zee and Dish are part of Subhash Chandra’s Essel Group.
The seven largest law firms in India have grown their headcounts by an average of around 20% in the last one-and-a-half years. Of those, the fastest-growing such as Shardul Amarchand Mangaldas and Khaitan & Co, had expanded fee-earner headcounts by 45% and 35% respectively, while others such as AZB & partners’ partnership ballooned by 75%.
Luthra & Luthra Mumbai senior banking and finance partner Vijaya Rao is now an of counsel working part time with the firm.
Luthra & Luthra Delhi projects partner Rajesh Chavda has left the firm.
Khaitan & Co topped the list of 13 domestic law firms’ M&A mandates by value of deals done with $18.7bn worth of transactions, followed by AZB & Partners which topped the list of deals by value, with 43 transactions worth $15.4bn.
Squire Patton Boggs and Luthra & Luthra advised Manpasand Beverages on its approximately $80m qualified institutions placement.
"German drugs and crop chemicals company Bayer AG has won over US seeds firm Monsanto Co. with an improved takeover offer of around $66 billion, ending months of wrangling after increasing its bid for a third time. The $128 a share deal, up from Bayer’s previous offer of $127.50 a share, is the biggest of the year so far and the largest cash bid on record. The deal will create a company commanding more than a quarter of the combined world market for seeds and pesticides in the fast-consolidating farm supplies industry,” reported Mint.
"Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday announced the sale of its sports network TEN Sports to Sony Pictures Network (SPN) in an all cash deal for $385 million,” reported Mint.
The Supreme Court today lifted a ban on registering diesel cars, SUVs and other vehicles with an engine capacity of 2,000 cc and more in the National Capital Region after depositing one per cent of the ex-showroom price as environment compensation charge (ECC) with the Central Pollution Control Board (CPCB).
"P C Jeweller will raise up to Rs 257 crore through issue of preferential shares to US-based investment firm Fidelity for business expansion,” reported the Economic Times.
“Pradyuman Dubey, who had left Luthra & Luthra in 2011, has rejoined the firm as a Partner in the firm’s Litigation practice group confirmed Senior Partner Mohit Saraf,” reported Bar & Bench.
Luthra & Luthra has come out as possibly the first Indian law firm to publicly announce the names of its new partners, partner designates, managing associates and senior associates (57 names, all in all).
Luthra & Luthra has hired Samvad Partners corporate partner Apurva Jayant in Mumbai, Bar & Bench has reported.
Luthra & Luthra has promoted 6 to its partnership, and eight to partner designate level.
This week we have some exclusive news on HSA going full-steam ahead, an unreported S&R star hire (and why I think it could be one of the best-placed firms if the foreigners ever come), and a little bit of gossip on what Luthra has been up to the last few years.