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Amarchand Mangaldas has promoted five partners into its lockstep equity pool and created 11 practice heads as part of a five-year plan to grow to 1,000-lawyers and 100 partners by 2017.
The firm has taken the steps after a year-long review conducted by the Boston Consulting Group (BCG), according to LegallyIndia.com.
Mumbai capital markets partner Yash Ashar, Delhi corporate partner Akila Agrawal, Delhi litigation partner Ritu Bhalla, Bangalore head and corporate partner Reeba Chacko and Delhi corporate partner Amit Kumar have joined Amarchand’s non-core equity pool on its modified lockstep.
The promotions were formally announced today by the firm and will take retrospective effect from 1 October.
In August 2008 Amarchand promoted five partners into its modified lockstep: Jatin Aneja, Leena Chacko, Ashwath Rau, Gunjan Shah and Himanshu Narayan. Narayan left to join Dua Associates in September 2010.
Amarchand now has 59 partners and roughly 500 lawyers after eight new partners joined the partnership earlier this month.
The BCG review identified that greater cooperation on clients and management between Delhi and Mumbai was necessary for Amarchand to achieve its aims.
One of the cornerstones is a restructuring of its practice area governance, giving 11 partners the roles of practice heads shared between the Delhi and Mumbai offices, which are headed Shardul Shroff and Cyril Shroff respectively.
The corporate practice will be headed in Mumbai by partners Ashwath Rau and Reeba Chacko and in Delhi by partners Harry Chawla, Gunjan Shah and Kalpataru Tripathy.
Practice heads in the competition law practice will be Mumbai partner Nisha Uberoi and Delhi partner Pallavi Shroff.
The head of banking role is split between Mumbai partner SH Bhojani and Delhi partner Shilpa Mankar Ahluwalia.
Infastructure is shared between Mumbai partner L Viswanathan and partner Jatin Aneja in Delhi.