Shroff vs Shroff
AZB & Partners former Delhi partner Ritika Rathi will join the soon-to-be-started Delhi firm of Amarchand Mumbai managing partner Cyril Shroff.
If all you care about are the top spots, not much has changed in the rankings of the 40 leading corporate Indian law firms that London-based RSG Consulting has produced since 2008.
Amarchand Mangaldas Mumbai-region managing partner Cyril Shroff is due to acquire MNK Law Offices in Delhi, except for partner Probal Bhaduri who is reliably understood by Legally India to be joining a large accounting firm.
The end of mediation between brothers and co-managing partners of Amarchand Mangaldas, Cyril and Shardul Shroff, has been postponed to 1 May, after mediations today failed to resolve remaining outstanding issues.
Gokul Rajan, currently consultant at Citibank in Mumbai, and Nikhil Naredi, Singapore-based associate at Jones Day, are both set to be joining the new firm that will be started by Amarchand Mumbai managing partner Cyril Shroff, as partners to beef up the capital markets practice.
The mediation between Amarchand Mangaldas co-managing partners Shardul Shroff and Cyril Shroff over the break-up of the firm may conclude as early as tomorrow, Monday, with both brothers keen to set up their new firms on Tuesday 21 April 2015 - Akshaya Tritiya - which is one of the Hindu calendar’s most auspicious days, according to sources close to the dispute.
Shardul Shroff has hired a third associate partner from Khaitan & Co, with Abhishek Sinha who was promoted to salaried partner last month having resigned.
Kochhar & Co partner Harry Chawla is set to join the new firm expected to be launched by Amarchand Mangaldas Mumbai managing partner Cyril Shroff in Delhi.
Rishi Anand, who started his own firm Gnarus Partners in 2012 after leaving Amarchand Mangaldas Delhi as a senior associate, will join the new Delhi office of Amarchand Mangaldas co-managing partner Cyril Shroff, who is set to compete with his brother Shardul Shroff in India’s capital, according to an authoritative source.
Khaitan & Co associate partner Deepto Roy will join the firm to be started by Amarchand Mangaldas Delhi partner Shardul Shroff in Mumbai.
Khaitan & Co associate partners Iqbal Khan in Mumbai and Harsh Kumar in Delhi have been poached by Amarchand Mangaldas co-managing partners Shardul and Cyril Shroff respectively, who are setting up offices in each others’ territories.
The break up of Amarchand Mangaldas, whose Delhi and Mumbai-based managing partners and brothers Shardul and Cyril Shroff respectively are currently mediating about the future of the firm, has been postponed by at least a month, with the Bombay high court having been told that the mediation would not complete before April-end.
The Amarchand Mangaldas Delhi-region partnership, led by Shardul Shroff who is in the final stages of a separation with the half of the firm led by his brother Cyril from Mumbai since November 2014, on Tuesday for the first time announced internally that the firm was likely to split, subject to the outcome of the still ongoing mediation between the brothers that is set to conclude at the end of this month.
Amarchand Delhi’s Shardul Shroff is set to take two additional office spaces in Mumbai after mediation will end, including the soon-to-be-ex Nariman Point office of AZB & Partners.