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

T alwar Thakore & Associates (TTA) has frozen its fee-earner salaries at current levels without increments, while partners have said they would be reducing their drawings. According to a statement from the firm we had requested: “The partners have taken a number of prudent protective measures g...

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.