December 08, 2018:
Juris Corp partner Hitesh Jain & his team, as well as recently-exited J Sagar Associates (JSA) partner Ravichandra Hegde, are setting up a new law firm, with offices in Mumbai, Pune & Delhi.
Parinam Law Associates is to have around 48 associates after it starts on 1 Dec, with 7 partners, said Jain.
Parinam would initially also include Jain’s team’s Subhash Jadhav, who does civil and criminal litigation, general dispute, matrimonial dispute, property and real estate, as well as partner Pooja Tidke, who specializes in disputes.
JSA litigation & dispute resolution senior associate Paras Parekh will also be joining as a partner.
In Pune, Parinam has also absorbed SKJ Legal, which is 12 fee-earners strong, including two partners: corporate commercial lawyers Pankaj B Jain (ILS Pune graduate) and Sabyasachi Ghosh (a Delhi University graduate).
As heads of department, Anuja Kedia will head real estate and Mallika Noorani will head corporate commercial and entertainment.
“We wanted to create a fulcrum of key people, and look at on-boarding partners also,” explained Jain, noting that the firm would be a “solid platform” consolidating core strengths in dispute resolution, securities with Hegde, as well as real estate, corporate & entertainment.
“That’s how we will approach it, consolidate the core areas, and also look at the other areas organically and build a full service firm. That’s the vision.”
Hegde, whom we had reported on 24 Oct to be leaving JSA’s equity partnership for independent practice, commented, “Looking forward for a great association and synergy.”
Jain said that Parinam would also have a “research arm”, focusing on new legislation and policy making, as well as a “pro bono arm” that would work on litigations pro bono.
Jain had decided to leave ALMT Legal after 12 years with the firm in January 2018, joining JurisCorp in April 2018, having also considered several other options at the time.
He had joined ALMT in 2006 from Udwadia & Udeshi, where JurisCorp partner H Jayesh had also worked before setting up on his own, around the same time as Jain.
Jayesh commented, “Hitesh had aproached me at the end of March to join, and it didn’t work out. We wish him well.”
JurisCorp has a total of 7 partners and 46 fee-earners. Jain’s team is understood to have operated separately from the main partnership.