Amarchand & Mangaldas & Suresh A Shroff & Co

Last updated
Amarchand & Mangaldas & Suresh A Shroff & Co
Amarchand & Mangaldas & Suresh A Shroff & Co.png
Headquarters New Delhi and Mumbai
No. of offices8
No. of lawyers655 [1]
Key people Shardul S. Shroff, Cyril Shroff, Pallavi Shroff, Vandana Shroff
Date founded1917
FounderAmarchand Shroff and Mangaldas Mehta
Company type Partnership
DissolvedMay 2015, Split into two different law firms- Cyril Amarchand Mangaldas and Shardul Amarchand Mangaldas & Co

Amarchand & Mangaldas & Suresh A Shroff & Co or AMSS in short, was the largest law firm in India with headquarters in Delhi and Mumbai. It had offices in 8 cities, namely New Delhi, Mumbai, Bengaluru, Ahmedabad, Hyderabad, Kolkata, Chennai and Pune. [2] [3] In 2013, the firm had nearly 600 lawyers including 85 partners. [4] The firm split into two different law firms in May 2015 - Cyril Amarchand Mangaldas and Shardul Amarchand Mangaldas. [5]

Contents

Founding

AMSS was started in 1917 by Amarchand Shroff, the grandfather of Shardul S. Shroff and Cyril Shroff, who are the present Managing Partners. They took charge in 1994 after the death of their father, Suresh. Although Shardul was 39 and Cyril 35, they were easily accepted as the firm's future. They had been part of the practice for around a decade and it was a small operation of 25-30 lawyers. [6]

The firm serves some of the largest corporations and financial institutions domestically and internationally, including clients such as Vedanta Resources, Reliance Industries, GMR Group and Morgan Stanley. [7] It has received national and international acclaim for successful representation of its clients before legal institutions and government agencies, winning advocacy in litigation, and guiding business transactions. In addition, members of the firm regularly participate in several legal reforms committees and policy initiatives of the Government of India. The firm’s clientele includes several leading Indian and international business houses, transnational corporations and financial institutions. [8]

Partnership Structure

Most of the firm’s equity was held by the Shroff family—Cyril, Shardul and their respective wives, Vandana and Pallavi, who are also practising senior partners in the firm, and family matriarch Bharati Shroff. The rest of the profits are shared with 18 non-family equity partners in a modified lockstep model. Partners on the seven-stage ladder accrue points over time, subject to satisfying the requirements to pass two “gateways” at three years and five years. [9] We trained our lawyers on financial statements and basics of accounting, we cross staffed across teams (such as real estate, M&A, private equity etc.). These steps helped us to be first off the blocks,” Cyril Shroff on the business development and associate management fronts. [10]

Change of Reign

In 1980 elder son of Suresh Shroff, Shardul Shroff took over the charge of the Delhi office. Suresh Shroff died in 1994. Cyril Shroff, younger son of Suresh Shroff, took over the Mumbai office in 1995. [11] Following the death of the matriarch Bharati Shroff, the Shroff brothers had a public fallout due to ownership disputes. Their mother had willed her entire partnership interest to Shardul Shroff, contrary to the family framework agreement. Following directions of the Bombay High Court and several rounds of mediation, the firm was split between the two brothers. The firm run by Cyril Shroff came into existence on 11 May 2015 and was named as Cyril Amarchand Mangaldas. [12] The firm run by Shardul Shroff also came into existence on 11 May 2015 and was named as Shardul Amarchand Mangaldas & Co. [13]

Awards

Related Research Articles

N. R. Narayana Murthy Indian businessman

Nagavara Ramarao Narayana Murthy is an Indian billionaire businessman. He is the founder of Infosys, and has been the chairman, chief executive officer (CEO), president, and chief mentor of the company before retiring and taking the title chairman emeritus.

Zia Mody

Zia Mody is an Indian corporate lawyer and businesswoman. Zia is the daughter of Soli Sorabjee, a former Attorney General of India.

Uday Kotak Indian Billionaire & Banker

Uday Suresh Kotak is an Indian billionaire banker and the executive vice chairman and managing director of Kotak Mahindra Bank.

Government Law College, Mumbai Law college in Maharastha

The Government Law College, Mumbai,, founded in 1855, is the oldest law school in Asia. The college, affiliated to the University of Mumbai, is run by the Government of Maharashtra.

Nimesh Kampani Indian investment banker (born 1946)

Nimesh Kampani is an Indian investment banker. He is the chairman of the JM Financial group of companies. His personal wealth was valued at US$ 9.54 billion in 2009 making him the 101th richest in India, at that time. The Kampani family's combined direct and indirect equity ownership of JM Financial Ltd is between 60% and 65%. Livemint called him along with Hemendra Kothari and Uday Kotak the "Three K's" of India's leaders in investment banking.

P. N. Bhagwati 17th Chief Justice of India

Prafullachandra Natwarlal Bhagwati was the 17th Chief Justice of India, serving from 12 July 1985 until his retirement on 20 December 1986. He introduced the concepts of public interest litigation and absolute liability in India, and for this reason is held, along with Justice V. R. Krishna Iyer, to be a pioneer of judicial activism in the country.

Indian Depository Receipt (IDR) is a financial instrument denominated in Indian Rupees in the form of a depository receipt. The IDR is a specific Indian version of the similar global depository receipts.

The Economic Times Awards for Corporate Excellence are the awards conferred by The Economic Times in the field of business, corporate and government policies, economies in India. It is an annual awards, conferred in various categories. Since 2017, Deloitte Touche Tohmatsu India LLP (Deloitte) has been the title sponsor of the awards. The 2018 leg of the awards will be held on 22 November in Mumbai.

Shardul S. Shroff Indian corporate lawyer

Shardul Suresh Shroff is an Indian corporate lawyer. He is the executive chairman of the law firm Shardul Amarchand Mangaldas & Co. Prior to the split in the Amarchand & Mangaldas & Suresh A Shroff & Co", which was India's largest law firm, Shardul used to be the managing partner of the north India region of the firm headquartered in New Delhi.

Janmejaya Sinha

Janmejaya Kumar Sinha is the present chairman of Boston Consulting Group (BCG) India, a BCG fellow and a member of the Henderson Institute Innovation Sounding Board.

Society of Indian Law Firms

Society of Indian Law Firms or SILF is a collective of India's top corporate law firms and the only representative body for law firms of India.

Hemant Batra

Hemant Batra is an Indian business, public policy, corporate and commercial law columnist, TV Anchor, public speaker, commentator, mentor, lawyer and arguing counsel. He was the co-founder and counsel at Kaden Boriss Global, an alliance of independent and autonomous law firms and legal enterprises, founded in 2003 by Hemant Batra and Preeti Batra. Hemant holds a position as the Secretary General of SAARCLAW. SAARCLAW is a regional Apex body of SAARC. He has also authored several books on law and policy. He was engaged by the Lok Sabha as a Guest Anchor and Guide for a fresh series of Sansad TV called `75 Years: Laws That Shaped India' The other Guest Anchors engaged by the Parliament for Sansad TV being Bibek Debroy, Dr Karan Singh, Amitabh Kant, Shashi Tharoor, Maroof Raza and Sanjeev Sanyal. The global TV channel Sansad TV was launched by the Prime Minister of India Narendra Modi, Vice President of India Venkaiah Naidu and Speaker of Lok Sabha Om Birla on 15th September 2021.

VCCircle, founded in 2005, is an Indian information services group with presence in online business news, data, events and training for private equity and venture capital fund managers, entrepreneurs, investment bankers, corporate executives and lawyers. It currently employs about 100 people and is owned by the New Delhi-headquartered Mosaic Media Ventures Private Limited with offices in Okhla in Delhi-National Capital Region, Mumbai and Bengaluru. The company was acquired in 2015 by News Corp, and later by HT Media Limited in 2020. Leslie D' Monte joined as the Executive Editor of VCCircle and TechCircle in August, 2021.

Platinum Partners was an Indian corporate law firm founded on 1 May 2008. It had offices in Mumbai, New Delhi and Bangalore It had around 45 lawyers who are based across the three offices before the break up. The firm was later separated along geographical lines, with the Mumbai and Delhi office each rebranding from 1 November 2020 under new banners.

Khaitan & Co

Khaitan & Co is one of India's oldest and full service law firms comprising over 750 fee earners and consultants including 170 partners and directors. Founded in 1911 by Debi Prasad Khaitan, a member of the Constituent Assembly of India and one of the 7 members of the Drafting Committee which framed the Constitution of India. Khaitan & Co has offices in 4 cities: Kolkata, New Delhi, Bengaluru (1994) and Mumbai (2001).

Cyril Suresh Shroff is an Indian corporate lawyer. He is the Managing Partner of Cyril Amarchand Mangaldas and used to be the Managing Partner of Amarchand & Mangaldas & Suresh A Shroff & Co, India's largest law firm.

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas is a full service Indian law firm, with its headquarters in Mumbai, India. The firm came into existence on May 11, 2015 from its predecessor Amarchand & Mangaldas & Suresh A Shroff & Co. As of April 1, 2020 the firm had 750 lawyers and 132 partners.

Salil Parekh Indian businessman, current chief executive officer and managing director of Infosys

Salil Parekh is the current chief executive officer and managing director of Infosys. Parekh took over from interim CEO U B Pravin Rao on 2 January 2018.

Karan Gautam Adani is the Chief Executive Officer (CEO) of Adani Ports & SEZ Limited and the director of Adani Airport Holdings Limited. In 2008, he was included in the list called "Tycoons of Tomorrow" by Forbes India.

References

  1. ↑ Dey, Sudipto (6 May 2015). "Lawyers see pay hikes ahead of Amarchand Mangaldas split". Business Standard. Retrieved 7 May 2015.
  2. ↑ "Amarchand opens Ahmedabad" . Retrieved 23 August 2013.
  3. ↑ "Amarchand drives expansion plans with new office in Ahmedabad". Bar and Bench. Archived from the original on 2013-04-07. Retrieved 15 February 2013.
  4. ↑ "Amarchand launches Chennai office with 8 lawyers; Looking to expand to nearly 40 lawyers within 4 years". Bar and Bench. Archived from the original on 2013-04-07. Retrieved 15 February 2013.
  5. ↑ "The end of an era". Legally India. 6 May 2015. Retrieved 7 May 2015.
  6. ↑ "The five fundamental differences between India's top two corporate law firms Amarchand & Mangaldas and AZB Partners". The Times Of India. 15 March 2012. Retrieved 15 February 2013.
  7. ↑ "Amarchand & Mangaldas & Suresh A Shroff & Co : Asialaw firm highlights". Archived from the original on 7 April 2013. Retrieved 15 February 2013.
  8. ↑ "Amarchand & Mangaldas & Suresh A Shroff & Co". Legal Era. Archived from the original on 2013-02-24. Retrieved 15 February 2013.
  9. ↑ Ganz, Kian (17 February 2012). "India's biggest law firm prepares for next stage of evolution". Live Mint. Retrieved 15 February 2013.
  10. ↑ "Cyril Shroff Managing Partner Mumbai & National Capital Market head Amarchand". barandbench. Archived from the original on 2014-05-27. Retrieved 2014-05-20.
  11. ↑ "India's Biggest In Law, Amarchand Mangaldas" . Retrieved 15 February 2013.
  12. ↑ Ganz, Kian (May 11, 2015). "www.livemint.com/Companies/ZDcSquacgFaUIrOnk8iZDN/New-realities-for-Cyril-Shroff.html". LiveMint. LiveMint. Retrieved 1 June 2015.
  13. ↑ "Law firm Shardul Amarchand Mangaldas starts operations". Business Standard. Press Trust of India. 11 May 2015. Retrieved 11 May 2015.
  14. ↑ "Amarchand Mangaldas receives Indian Law Firm of the Year 2012 in the Who's Who Legal Awards 2012". Legal Era. Archived from the original on 2013-04-12. Retrieved 15 February 2013.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.