L&L Partners

Amarchand Mangaldas Delhi office is acting for exploration giant Cairn India, which is buying back up to 14.98% of its equity share capital for $930m (Rs 5,725 crore) from the open market through stock exchanges.

Deals round-up of more than a dozen recent instructions.

Luthra and Luthra Delhi general corporate partner Prof Anil Kumar Rai left the firm on Friday, after the headcount of the team he was heading at the firm gradually shrunk over the last few months.

Amarchand Mangaldas maintained status quo as project finance leader for the third year running and reported a greater overall deal revenue since last year, according to data provider dealogic’s year end table for 2013.

Former Luthra & Luthra capital markets head Madhurima Mukherjee has been assisting the Increasing Diversity by Increasing Access (IDIA) legal education NGO in formalising and scaling up operations, since she quit the law firm five months ago.

After it announced a strategy revamp six months ago, Luthra & Luthra transactional billings in the corporate transactional division have shot up by 36 per cent.

Luthra & Luthra has promoted two lawyers – Vaibhav Kakkar and Kanchan Sinha - to partnership in an “exceptional” promotion round.

As year-end approaches and law firms send out a flood of press releases for the annual deals league tables, Legally India has wrapped up the most interesting ones in one tidy package.

Luthra & Luthra advised Indian private equity and real estate firm Everstone Capital in its joint venture with international fast food giant Burger King.

Amarchand Mangaldas Mumbai office scoops Luthra lawyer who’s been associated with the firm for 13 years.

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]

Luthra & Luthra capital markets head and partner Madhurima Mukherjee has announced her resignation from the firm today.

AZB, Luthra, Links & Slaughters sell off Indian RBS assets to Ratnakar bank.

Luthra & Luthra has promoted two M&A and private equity lawyers – Damini Bhalla and Amit Shetye – to its partnership, as the firm has widened its executive committee and management outlined a strategic vision to ditch lower margin work and eschew big headcounts.

Three Luthra & Luthra Delhi partners have left or are leaving, just ahead of the firm’s delayed partnership promos.

Luthra & Luthra is set to announce its long-awaited partnership promotions on Saturday (3 August).

It is understood that a meeting of partners will be held today at 3pm on the topic, with some appraisals still going on through tomorrow.

The partnership promotion announcements are then set to be made at a function in the evening. Apart from Luthra, Amarchand Mangaldas was the last of the big six firms to announce its promotions on 3 July.

Amarchand Mangaldas solidified its lead in the Indian project finance league tables ahead of Luthra & Luthra, as AZB & Partners pushed its way into the top three.