law firm management
Cyril Shroff, who will launch his take on Amarchand Mangaldas today with new partnership Cyril Amarchand Mangaldas, has confirmed the lateral hires made so far and partner moves to Delhi, while revealing that he planned to spend around half his time in Delhi in the first 12 months of the office.
In the business of law, the limited resource is not raw materials, marketing budgets or factory output capacity; it is literally the available time of a firm’s lawyers.
Corporate and commercial law firms in India turned over just over $1 billion in revenue in the 2014-15 financial year, estimated London-based legal market consultancy RSG Consulting in its bi-annual report on the Indian legal industry based on a survey of more than 500 clients and 26 law firm managing partners.
Getting the ratio of partners to non-partner fee-earners right has its rewards, but it is, at best, an inexact science.
Khaitan & Co has cut down its working week to Monday to Friday, while increasing the daily working hours by one hour from 1 March.
It might lead to the break-up of India’s largest law firm, but Shroff vs Shroff doesn’t have to be complicated. We’ve distilled it for you and shared the court documents.
The dispute between Amarchand Mangaldas brothers would most likely result in a split of the firm into two separate entities, said an authoritative source with close knowledge of the Mumbai side of the dispute.
Amarchand Mangaldas Delhi managing partner Shardul Shroff has filed legal action in the Bombay high court against his brother and Mumbai-region managing partner Cyril Shroff.
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)
Amarchand Mangaldas' Mumbai has started a volume-focused transactional support practice, which the firm is continuing to trial hoping to offer clients better due diligence and commoditised advice.
Former KPMG partner Gautam Chemburkar joined Khaitan & Co as its first ever executive director strategy on 3 April.
Most lawyers will publicly decry that they have any emotional attachment to their firm’s league table position; in truth (or with time) almost every lawyer ends up caring about it anyway.
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.
DSK Legal has appointed former Palladium Group South Asia head and director Rajesh Iyer as Chief Executive Officer (CEO) at the firm.
A law firm pro has penned a response to the controversial Ramblings of a GC column from last week.
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.