Shardul Shroff-led Shardul Amarchand Mangaldas & Co has elevated 11 lawyers as partners, becoming the country's third law firm to cross the 100-partner mark, it said in a statement.
Following this, the firm has a total of 520 lawyers, including 102 partners, across seven locations and 10 practice areas, the statement added. Only two other Indian law firms, Khaitan & Co and Cyril Shroff-led Cyril Amarchand Mangaldas, have more than 100 partners.
“I feel very proud that the firm has achieved its strategic goal of growing to more than 100 partners in our centenary year,” said Shardul Shroff, executive chairman of Shardul Amarchand Mangaldas.
The lawyers who have been promoted in this round are Aayush Kapoor, Abhinav Bhalaik, Varun Sehgal and Sunando Mukherjee in general corporate practice; Rishab Gupta and Aashish Gupta in dispute resolution; Shubhangi Garg and Soummo Biswas in banking and finance; Vishaka Prasad and Siddhartha Sen in projects and project finance; and Shahana Chatterji in policy advisory.
“Following these partner admissions, the firm’s Mumbai office now has more than 30 partners and 120 fee-earners across practices, which is a remarkable achievement in less than three years,” said Akshay Chudasama, managing partner of the company's Mumbai office.
In May, Cyril Amarchand Mangaldas had elevated 21 lawyers as partners, becoming the second law firm in the country to cross the 100-partner mark. Khaitan & Co, India's first firm to have over 100 partners, currently boasts of 130 partners and 560-odd lawyers.
“Shardul Amarchand Mangaldas has managed to attract good talent from across firms as well as from the in-house department of many companies, which has helped it jump-start its robust practice in Mumbai,” a Delhi-based legal consultant said. “The development also proves that despite the heavy focus on specialisation, full-service law firms are here to stay,” he added.