As the descendants of its founder gradually cede control, India's largest law firm prepares for a more competitive future.
Paku Khan is joining from Amarchand & Mangaldas & Suresh A. Shroff where he was a director in the competition practice. Khan, who practiced in Ireland for several years, advises Indian companies on overseas antitrust issues.
Indian law firm Amarchand & Mangaldas & Suresh A. Shroff Co. has launched an office in Ahmedabad, India's sixth-largest city. The new office forms part of the firm's plan to double in size by 2017.
Indian law firm Khaitan & Co. has hired corporate partner Ganesh Prasad in Bangalore and dispute resolution partner Raj Panchmatia in Mumbai. Prasad and Panchmatia join from Amarchand & Mangaldas & Suresh A. Shroff & Co. and Udwadia & Udeshi, respectively.
Mumbai law firm AZB & Partners is acting on Tech Mahindra Ltd.'s $1 billion buyout of the former Satyam Computer Services Ltd., which it bought in 2009 following an accounting scandal.
Paul, Weiss, Rifkind, Wharton & Garrison and Amarchand & Mangaldas & Suresh A Shroff & Co. are advising Citigroup, Inc. on the $1.9 billion sale of its stake in India's Housing Development Finance Corp. Ltd., reports The Am Law Daily.
A court in India has ruled that foreign lawyers are entitled to participate in international arbitration proceedings in that country and advise clients on foreign law on a "fly in fly out" basis.
Davis Polk & Wardwell and AZB & Partners have advised Reliance Industries Ltd., India's largest private company, on a $1 billion debt issue on the Singapore Exchange. Shearman & Sterling and J. Sagar Associates acted for the underwriters.
Ciccu Mukhopadhaya, the head of litigation at leading Indian firm Amarchand & Mangaldas & Suresh A. Shroff & Co., is leaving to take up a role as Senior Advocate at the Orissa High Court.
For international firms, China has generally been a tale of two cities: Beijing and Shanghai. But a number of firms are starting to eye second-tier markets like Chongqing, Dalian, Guangzhou, Shenzhen and Qingdao.