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Khaitan & Co has hired Sudipta Bhattacharjee as an equity partner with his team of three lawyers in its indirect tax practice, to be based in Delhi.
Nishith Desai Associates (NDA) has revised its base pay for freshers to Rs 17.4 lakh, including a guaranteed annual bonus of Rs 1.2 lakh, from the previous total level of around Rs 15 lakh, which had last been revised around four years ago.
IndusLaw competition partners Rahul Goel and Anu Monga are in the process of leaving the firm, we understand from authoritative sources.
The turnover at L&L Partners’ corporate partnership (excluding the separate litigation and other partnerships) had increased by 12% between the 2018-19 and the 2019-20 financial years, revealed court filings by senior partner Mohit Saraf in the Delhi high court dispute with managing partner Rajiv Luthra.
Trilegal’s partnership has completed the vote to induct Shardul Amarchand Mangaldas (SAM) Mumbai-based litigation partner, Nitesh Jain, as an equity partner.
Two corporate partners at L&L Partners have given their notice to resign ahead of today’s court hearing following at least two days of mediation.
The law firm Singh & Associates, which has been on a lateral hiring spree this year, has been raided by the government’s Income Tax Department (ITD) yesterday as part of a raid on its founding partner Manoj K Singh.
Shardul Amarchand Mangaldas has hired Bhoumick Vaidya, partner at Mumbai solicitors firm Kanga & Co, in as a partner with his team of five.
L&L Partners managing partner Rajiv Luthra has written an email to clients notifying them that senior partner Mohit Saraf was “no longer authorised” to act on behalf of the firm. The email follows the removal of Saraf’s name from L&L’s website and the posting of armed guards outside the doors of the firm’s corporate office in Delhi.
Senior partner Mohit Saraf, who holds a 33.4% equity stake in L&L Partners, has internally announced that managing partner Rajiv Luthra has effectively “retired” and “withdrawn” from L&L Partners and that Saraf would “reconstitute” the firm without him. This latest shot in the war of words follows managing partner Rajiv Luthra’s previously telegraphed announcement that he had L&L Partners senior partner Mohit Saraf has accused managing partner Rajiv Luthra of “misconduct and subterfuge”, “malafide actions” and breaching “fiduciary duties”, in his response to a public 24 hour deadline sent by Luthra in an email on Sunday evening.
Cyril Amarchand Mangaldas has internally announced that the firm “hoped” that staff would “start coming back to work gradually, in a staggered manner” from 19 October.
The managing partner and 66.6% majority equity holder at L&L Partners, Rajiv Luthra, has made an offer to the firm that he would be willing to dilute his equity unilaterally and without the agreement or dilution of 33.4% co-partner Mohit Saraf under a 1999 deed, if the latter does not respond by 6pm today.
Nishith Desai Associates (NDA) investment funds head, Richie Sancheti, who had been with the firm for 13 years, is due to join Algo Legal, we reliably understand.
The Calcutta high court has today issued an interim stay in the writ petition challenging the state government's 30% domicile reservation at NUJS Kolkata.
Just before 3pm yesterday (Thursday, 24 September), all staff and fee-earners at L&L Partners received an email from managing partner Rajiv Luthra, announcing a virtual townhall for 5pm that day.
A fundamental rift has opened up at L&L Partners over how its long-held promoter equity should be opened up and distributed to other partners in the firm.