Clifford Chance has significantly bolstered its Indian group with the hire of a capital markets partner from top Indian firm Amarchand & Mangaldas & Suresh A. Shroff & Co.
Rahul Guptan, who was based in Amarchand’s Mumbai office, will join Clifford Chance’s Singapore office as a partner.
Clifford Chance global managing partner David Childs said: “This is a logical development of our growing India group, which has been advising clients on Indian matters for over 50 years and is preparing to offer services in India as soon as regulations allow.”
While the firm is not currently allowed to practice in India, its Indian group operates across 16 offices in 12 countries.
Clifford Chance head of capital markets David Dunnigan said: “We have a thriving practice and our clients’ demand for advice on Indian transactions grows daily.”
Guptan joined Amarchand’s Mumbai office in 1999 and was appointed partner there in April 2006.
International firms have been recruiting increasing numbers of Indian law school graduates and laterals from top Indian firms, contributing to a full-blown salary war for the country’s legal talent (as reported in The Lawyer 14 April).
Amarchand managing partner Cyril Shroff said that by poaching Indian lawyers international firms are building distrust at an institutional and industrial level.
He said that Amarchand would continue working with Clifford Chance in future and added: “For us it is business as usual as our second level is strong with capital markets partners Yash Asher and Arjun Lall filling in for Rahul.”