Indian law firm DSK Legal has recruited 63 lawyers from rival firm L&L Partners as the latter works to overhaul its business structure.
Of the 63 new entrants, 21 are associates. They include senior lawyers and former L&L partners Bobby Chandhoke and Sudhir Sharma, both with L&L since 1998 and commercial litigation specialists. Both joined DSK as main partners.
Apart from Chandhoke and Sharma, DSK’s other new partners are Abdullah Hussain, Akhil Anand, Altaf Fathima, Anant Garg, Ashish Chandra, Deepali Chandhoke, Durga Bose Gandham, Kanika Chaudhary Nayar, Kunal Mehra, Mohit Bakshi, Pradyuman Dubey, Prashant Mishra, Prashant Pakhiddey, Saleem Hasan Ansari, Saurabh Tiwari, Shiv Sapra, Subhash Bhutoria, Suyash Srivastava and Tarun Dua.
The 21 partners practice in a wide range of disciplines, including dispute resolution, competition, international trade, mergers and acquisitions and tax. It is unclear what proportion of L&L remains.
“This is a very big step for DSK, which now has 63 partners and more than 250 lawyers,” the firm said in a statement. As part of its absorption, DSK also opened a new office in Hyderabad. The company now has five country offices in Mumbai, Delhi, Pune, Bangalore and Hyderabad. He also has a lawyer representative based in Chennai.
According to local reports, L&L Partners, formerly known as Luthra & Luthra, dissolved its litigation unit earlier this month, merging at the same time with a local litigation boutique, Verus, run by founding partner Krishnayan Sen. .
The move is part of an overall restructuring, according to a press release issued by Rajiv Luthra, founding partner of L&L. The firm is working to reorganize its practice areas under a “one firm structure” that includes a structured equity model and an executive committee that will oversee firm management and strategic growth.
The practice and business structure of L&L has come under intense scrutiny in recent months. It was, in part, triggered by the expulsion of his former senior partner Mohit Saraf, who took to court to challenge his expulsion over disagreements over the distribution of shares. Indian courts ruled in Saraf’s favor, allowing him to start his own firm, poaching dozens of lawyers and L&L clients.
L&L’s website is currently under construction and all inquiries are directed to the email address of the firm’s founding partner, Rajiv Luthra, who did not immediately respond to questions from Law.com International.
For Indian companies, critical mass is essential to capture a larger market share. In previous interviews with leaders of leading national firms, including Trilegal, AZB Partners and Saraf & Partners, all confirmed their plans for rapid growth. The local market, however, is dominated by a small handful of elite companies, which has forced local players to deviate from traditional corporate structures, especially in terms of shareholding, to attract young talent.