Articles tagged with: premium content
DSK fee-earners, partners take home 10-30% less cash as part of cashflow management
Exclusive: DSK Legal has embarked on a series of cash flow management exercises in light of the ongoing Covid-19 crisis, including temporary reduction in remuneration of fee-earners.
TTA freezes salaries, partners reduce drawings
SAM gets new COO to ‘navigate together’ in ‘critical times’: KPMG consultancy COO Jaideep Ghosh
KMPG partner and former KPMG Management Consultancy chief operating officer (COO) Jaideep Ghosh has taken over at Shardul Amarchand Mangaldas (SAM) in the COO position from Delhi.
CAM defers 78 freshers’ start dates by two months to October, could save Rs 1.5 cr, help with induction [UPDATE-1: Plus Khaitan]
Scoop: Rumours suggest other firms are also considering similar steps
More or less business as usual at Trilegal: Pays out (tweaked) bonuses on time, promos 16 to counsel
Scoop: Some will have still picked up 100%, but overall the take home bonus pay may have reduced slightly
Ex-Christ Law principal John Thaliath takes over top job at General Electric South Asia from 8-year GC Tejal Patil
Bangalore-based GE Global Research general counsel (GC) John Thaliath will be taking over as general counsel (GC) of the General Electric (GE) parent company for South Asia.
Shardul Amarchand Mangaldas locks fixed salary component but reduces potential bonuses for non-fresher fee-earners [UPDATE-2]
Scoop: SAM goes for third-way approach after Khaitan’s straight equity cuts, CAM’s transfer from fixed to variable**
Cyril Amarchand defers up to 30% of pay for senior fee-earners, staff • Equity partners volunteer for zero pay
The hope is that with this somewhat painful move now, future pain can be avoided (though of course no one knows how bad it’s going to get)**
Credit Suisse retains, promotes Sapna Bhawnani who was due to join KKR
Credit Suisse director and head of legal Sapna Bhawnani has been promoted to head of legal for South Asia.
SAM, AZB bag Facebook’s mega-record-setting $5.7bn Jio investment with HogLov, DP + 3 [UPDATE-1]
SAM bagged the mandate for Facebook and AZB for Reliance on India’s largest ever foreign-direct investment in a tech company, which values Reliance’s Jio Platform subsidiary at Rs 4.62 lakh crore (or nearly $66bn), with Mark Zuckerberg’s US technology giant buying itself a 9.9% stake in Jio Platforms Limited.
CLAT postponed for second time, now by a month on 21 June
‘No way out’: the second extension of CLAT dates was indeed inevitable
IndusLaw promotes Harman Walia, Mayukh Datta to partner amongst 25 total corp-focused promotions
Scoop: Corporate transactional saw the lion’s share of associate promos, alongside the Delhi and Bangalore offices
Indus’ Anupam Prasad starts AP Law with focus on agile team, plus good value
IndusLaw partner Anupam Prasad has set up an independent firm called AP Law Chambers around six weeks ago.
Post $3.8bn lockdown-M&A closing, in-housers Wadhwa, Jain, Baliga fan out between GSK, HUL, Bayer
After the $3.8bn blockbuster acquisition of 2018 in which Hindustan Unilever Limited (HUL) acquired GSK India’s nutrition business, the involved legal teams have seen a major restructuring.
AZB boosts Mumbai banking with WG’s Gautam Ganjawala & team
AZB & Partners has hired Wadia Ghandy partner Gautam Ganjawala as a partner in its Mumbai finance practice with a team of two senior associates.
Juris Corp founders give equity ownership to 5, hope to become minority • Firm strong enough to ‘absorb’ a crash
Exclusive: Firm in strong financial position to weather possible future storms: H Jayesh
JSA partner Arjun Perikal joins SAM Bangalore
J Sagar Associates (JSA) Bangalore salaried partner Arjun Perikal has joined Shardul Amarchand Mangaldas in the city earlier this month.
Nalsar not to detain students over exams, as Symbi, NMIMS cancel theirs • NUJS refuses student requests
As many law schools have transitioned to online learning, more problems have continued to emerge
‘Poised for exponential practice growth’: Trilegal’s new MPs talk troubles, transitions, telecommutes, recruitment, diversity
Exclusive: The future is bright at Trilegal, despite virus, according to its new MPs*
New MPs take over at Trilegal with major management reshuffle • Lit head Sitesh Mukherjee to exit for counsel
Following the February reports that the previous managing and co-founding partners Karan Singh and Rahul Matthan were stepping down, Trilegal’s new semi-elected managing partners Sridhar Gorthi and Nishant Parikh have taken over today.