Indian law firm DSK Legal has snapped up 63 lawyers from rival firm L&L Partners as the latter firm works to overhaul its business structure.
Of the 63 new joiners, 21 are partners. They include senior lawyers and former L&L equity partners Bobby Chandhoke and Sudhir Sharma, both of whom have been with L&L since 1998 and are commercial disputes specialists. Both have joined DSK as senior partners.
Aside from Chandhoke and Sharma, DSK’s other new partners are Abdullah Hussain, Akhil Anand, Altaf Fathima, Anant Garg, Ashish Chandra, Deepali Chandhoke, Durga Bose Gandham, Kanika Chaudhary Nayar, Kunal Mehra, Mohit Bakshi, Pradyuman Dubey, Prashant Mishra, Prashant Pakhiddey, Saleem Hasan Ansari, Saurabh Tiwari, Shiv Sapra, Subhash Bhutoria, Suyash Srivastava and Tarun Dua.
The 21 partners practice across a wide range of disciplines including dispute resolution, competition, international trade, mergers and acquisitions and tax. It is unclear what proportion of L&L remains.
“This is a very big step for DSK, now having 63 partners and over 250 lawyers,” the firm said via a statement. As part of its absorption, DSK has also launched a new office in Hyderabad. The firm now counts five national offices in Mumbai, Delhi, Pune, Bangalore and Hyderabad. It also has one lawyer representative based in Chennai.
According to local reports, L&L Partners, formerly known as Luthra & Luthra, dissolved its litigation unit earlier this month, at the same time merging with a local disputes boutique, Verus, led by founding partner Krishnayan Sen.
The move is part of an overall restructure, according to a press statement issued by L&L founding partner Rajiv Luthra. The firm is working to reorganize its practice areas under a “one firm structure” which includes a structured equity model and an executive committee that will have oversight of firm management and strategic growth.
L&L’s practice and business structure has come under scrutiny in recent months. It was, in part, triggered by the expulsion of its former senior partner Mohit Saraf who took to the courts to challenge his expulsion over disagreements of equity distribution. The Indian courts found in Saraf’s favor, which empowered him to launch his own practice, poaching scores of L&L lawyers and clients.
L&L’s website is currently under construction and all queries are directed to the email address of the firm’s founding partner Rajiv Luthra, who did not immediately respond to queries from Law.com International.
For Indian firms, critical mass is key to seizing a bigger market share. In earlier interviews with heads of leading domestic firms including Trilegal, AZB Partners and Saraf & Partners, all have confirmed plans to growth rapidly. The local market though is dominated by a small handful of elite firms, which has forced local players to deviate from traditional firm structures, particularly in relation equity distribution, to appeal to young talents.