Elite Indian firm Amarchand & Mangaldas has expanded its office network with the launch of a base in Gurgaon.
The city, which is in the National Capital Region in the state of Haryana, is located 20 miles from the capital New Delhi and is where over half the companies listed on the Fortune 500 have their Indian headquarters.
According to managing partner Shardul Shroff the office, which is the firm’s eighth, will be staffed by four existing partners from its New Delhi office – Amit Kumar, Ranjan Negi, Ravindra Bandhakavi and Saurav Kumar – as well as a number of associates.
As the only equity partner of the group, corporate specialist Amit Kumar is the most senior member of the team. IP partner Negi heads the firm’s trademark and copyright practice while private equity partner Bandhakavi rejoined Amarchand in 2009 after a spell as general counsel at Sun Apollo. Corporate lawyer Saurav Kumar was promoted to partner at the firm in 2013.
According to Shroff the aim of the launch is to “develop and deepen relationships with existing clients, and bring legal services to the doorsteps of new clients”.
“The focus will be entirely on servicing the business, banking, and commercial community of Gurgaon, and penetrating into our untapped market in and around the rapidly demanding and upscale growth of the region,” he added.
Currently Amarchand has 705 lawyers, 86 of whom are partners, although Shroff said the firm “may surprise ourselves by crossing 800 lawyers this year”.
In addition to the new Gurgaon base the firm has existing offices in New Delhi, Mumbai, Kolkata, Bengaluru, Ahmedabad, Hyderabad and Chennai.
Amarchand has a strong bias towards corporate work, which accounts for around half of its total revenues. Although corporate work fell away in India in the 2013/14 financial year due to ongoing political turmoil, the firm said its revenues for the year rose by 15 per cent thanks to a new Companies Act and an uptick in disputes work (30 June 2014).