The Indian law firm Lexindia which launched in New York in February has hired the most senior member of PricewaterhouseCoopers (PwC) India and the legal head of a prominent business.
The corporate firm, which specialises in advising foreign investors in India and setting up joint ventures, also has offices in London and Paris.
Former PwC senior partner Amal Ganguli, who has a tax and accountancy but no legal background, will provide clients with a general knowledge of India's finance sector, an area he is familiar with after four decades at PwC. His expertise will prove useful in the context of India's plans to replace sales tax with VAT. He will be based in New Delhi.
Vinod Sablok, former legal head of Ballarpur Industries, part of the Thapar Group, which has a £400m annual turnover, is expected to join the partnership after a trial period as a principal.