L&L Partners

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.

L&L Partners corporate transactional advisory partnership has paid out bonuses to fee-earners just a little behind schedule last week, though it notified its 44 fresh campus recruits that they would not be able to join the firm before 2021 as opposed to around this month (though a few of these have since joined - see update below).

L&L Partners’ litigation partnership, which is one of four separate partnerships that the firm operates under one brand name, has effectively cut fee-earner salaries by at least 15% and 35% via deferrals of retainers, which would operate retrospectively from 1 April, according to two sources with knowledge of the measures.

Singh & Associates has hired L&L Partners litigation managing associate Apoorve Vashistha as a partner designate in its Gurgaon office’s dispute resolution practice.

Alina Arora, who had resigned from L&L Partners in late November 2019, has now joined Shardul Amarchand Mangaldas, Bar & Bench has first reported.

Cyril Amarchand Mangaldas has paid out bonuses to fee-earners yesterday, this year around a week earlier than usual, due to the national COVID-19 lockdown.

Cyril Amarchand Mangaldas (CAM) principal associate Abir Dey is joining L&L Partners in Mumbai in its banking and finance practice.

IndusLaw partner Navin Syiem, who has left the firm in December of last year, is set to join L&L Partners we have reliably learnt.