L&L Partners
IPL (Indian Premier League) broadcasters Sony Entertainment Television yesterday filed a Rs 147 crore recovery suit in the Bombay High Court through Luthra & Luthra against the BCCI (Board of Control for Cricket in India) and its media rights licensee World Sports Group (WSG).
Less than one month ago a financial daily caused a stir in the cozy Delhi capital markets world after reporting that the selection of law firms in the disinvestment of Coal India Limited and Engineers India Limited (EIL) had been discriminatory, alleging political nepotism. But as so often there is more than meets the eye.
Amarchand Mangaldas was the busiest IPO law firm in Legally India's 2009-10 financial year (FY) league table by far but the newer practices Luthra & Luthra, S&R Associates, AZB & Partners and Khaitan & Co have managed to keep pace in bank advisory work bagging nearly as many instructions.
NLU Jodhpur has beaten the recession blues with its entire 2010 graduating batch of 2010 finding jobs or placements with Trilegal, Luthra & Luthra and Amarchand Mangaldas picking up 17 students in total and legal process outsourcing (LPO) companies including Clifford Chance's captive LPO hiring eight, according to faculty.
Crawford Bayley, Luthra & Luthra and Baker & McKenzie and Stephenson Harwood have advised on the $3.7bn takeover of Piramal Healthcare by US pharma major Abbott Laboratories.
Amarchand Mangaldas picked up almost one third of 33 initial public offering (IPO) mandates in the first quarter of 2010, while Crawford Bayley, J Sagar Associates (JSA), Luthra & Luthra and Khaitan & Co together bagged another 40 per cent of instructions.
Luthra & Luthra has elevated Pranjal Bora, Vikrant Kumar and Moushami Joshi to its partnership and made up two managing associates and 19 senior associates in a slew of internal promotions last weekend.
Luthra & Luthra has leased another 9,000 square feet in its existing Delhi office to build an indoor cricket practice pitch for fee-earners, following the firm's victory at the law firm T-20 tournament last Sunday.
Luthra & Luthra has won this year's Society of Indian Law Firms (SILF) – Khushal T-20 cricket tournament against Amarchand Mangaldas in an exciting finish to a close match that was held yesterday night in Delhi after the semi-finals of Saturday.
Luthra & Luthra has leased another half-floor of 7,000 square feet in its Delhi office.
Luthra & Luthra has advised Abbott Laboratories in its 20 per cent open offer of the Indian subsidiary of Solvay Pharmaceuticals as part of the €5.2bn global acquisition of the Belgium-based pharma company.
Luthra & Luthra Delhi partner Aniket Sengupta has relocated to its Mumbai office, as part of the firm's plans to further strengthen its presence in the financial capital.
Luthra & Luthra has closed the Rs 2400 crores ($521m) GVK Power (Goindwalsahib) project finance fundraising acting for IDBI Bank and a consortium of 12 others as lender's counsel.
Luthra & Luthra's projects team was led by Mumbai partner Vijaya Rao (pictured), assisted by managing associate Bikash Jhawar, and associates Pulkit Sharma and Sneha Jha.
Crawford Bayley has picked up the latest Government disinvestment mandate for India's single largest iron ore producer and exporter National Mineral Development Corporation (NMDC), following Amarchand Mangaldas, Fox Mandal Little and Luthra & Luthra bagging the three other disinvestments of the past four months.