Link Legal India Law Services (LLILS)

Two Link Legal India Law Services partners have resigned from the firm: Raunak in Gurgaon, and Nikhil Rodrigues in Mumbai.

Link Legal India Law Services international arbitration partner Saloni Gupta, who had joined two years ago from Kochhar & Co, will be joining US computing hardware giant Apple in its India operations in a strategic policy role, with a remit to build its legal team.

In a rare move from academia to the law firm world, Link Legal India Law Services has engaged former Delhi University’s Campus Law Centre faculty Solil Paul as chair - academics at the firm.

Former Link Legal India Law Services (LLILS) associate partner Rajdeep Choudhary has joined HSA Advocates as partner to strengthen its dispute resolution and management, projects and energy and infrastructure practices.

Link Legal India Law Services has promoted salaried partner and NLIU Bhopal 2006 alumnus Siddharth Srivastava into equity, increasing its equity partnership to nine partners.

In the latest bi-annual rankings compiled by consultancy RSG India, AZB & Partners has topped the table ahead of Shardul Amarchand Mangaldas (SAM) and Cyril Amarchand Mangaldas (CAM), which had topped the table in 2015 when still united in one firm as Amarchand Mangaldas before their break-up (see full table below).

Link Legal India Law Services has promoted associate partner Shashwat Kumar to partner.

Subhash Chandra-owned, Essel Finance Management, the financial services arm of the Essel Group has acquired the controlling stake of insurance policy aggregator Bimadirect, operated by Coretree Insurance Brokers (India) for an estimated amount of Rs. 25-30 crores (approximately $3.8 - $4.6 million), as reported by The Economic Times & VC Circle. The deal will see Essel Finance paying 75% of the deal amount upfront, and the rest over a period of two years.

Link Legal India Law Services has hired the co-founders of RM Partners, Nikhil Rodrigues and Jyoti Maheshwari, as partners in its Mumbai office.

Engineering giant, Larsen and Toubro Ltd (L&T) has entered into a definitive agreement with UK-based subsidiary of Colfax Group, ESAB Holdings, to sell 100% stake of its wholly owned unlisted subsidiary EWAC Alloys, for a total consideration of Rs. 522 crores ($80.6m) as reported by Livemint & Moneycontol. The transaction is a part of L&T group’s strategy to divest from their non-core business and is expected to be completed within 60 days from the date of execution of the share purchase agreement.

Link Legal India Law Services (LLILS) promoted re-hired associate partner Milind Jha to partner in its corporate and projects practice.

One of Link Legal India Law Services’ most senior partners, Anand Srivastava, has been sponsored by the firm to take a sabbatical for a year from partnership duties to pursue an LLM in the US, in a bid to specialise in disputes.

Link Legal India Law Services corporate partner Harish Kumar - who had joined in July 2016 - has left the firm and is in the process of setting up new law firm HSK Legal, according to his Linked-in profile.

Link Legal India Law Services has hired the former senior partner and chairman of UK-headquartered firm Pinsent Masons, Martin Harman, as its “chair - international business”, according to a press release from the firm.

Engineering major, Larsen & Toubro (L&T) has entered into a definitive agreement for the divestment of its entire stake in its unlisted and wholly owned subsidiary L&T Cutting Tools, to IMC International Metalworking Companies BV, owned by the Warren Buffett-led Berkshire Hathaway Inc. for Rs. 174 cr ($27.18 million USD) as reported by Business Standard, Livemint and others

"Online pharmacy and healthcare services start-up 1mg Technologies Pvt. Ltd has raised $15 million in a funding round led by global healthcare-focused fund HBM Healthcare Investments AG, to launch predictive healthcare and corporate wellness products. The series C round also saw participation from existing investors Maverick Capital Ventures, Sequoia India, Omidyar Network and Kae Capital," reported Mint.

"OneAssist Consumer Solutions – which provides protection for credit cards, smartphones and payment cards in case of loss or theft – has raised Rs 118 crore ($18 million) in its series-C round of financing, as per documents filed with the Registrar of Companies. The round was led by existing investors Sequoia Capital India along with participation from Lightspeed Venture Partners and New York-based insurance provider Assurant. The round also marks the entry of new investor, UK-based Moonstone Investments," reported the Economic Times.