September 7, 2018:
Shardul Amarchand Mangaldas (SAM) Delhi discords Principal Associate Omar Ahmads' joining of Cyril Amarchand Mangaldas (CAM) as a Salaried Partner with a team of three Associates.Ahmad who is a 2010 graduate of Symbiosis International University had started his career with what-was-then Amarchand Mangaldas.
He specialises in Commercial Litigation, Telecom Disputes and International Arbitration, as per the info on his Linked-in account.
We have reached out to both SAM and CAM for comment.
Compared to SAM’s formidable and long-standing Delhi litigation practice disputes has been a tough nut for CAM to crack in Delhi, especially with Senior Partner and Litigator Percy Billimoria have announced his departure from the firm in May.
In the latest partnership promotions, Shardul Amarchand promoted one in its Delhi disputes practice to salaried partner - Surjendu Sankar Das - and two Delhi Disputes Lawyers (Anirudh Das and Manu Nair) to equity partner.
CAM-SAM war: Gloves now fully off
These hires go by a thunderous meaning period of poachings between the competing firms, after an initial period of non-competition for talent until April 2016, following the Amarchand Mangaldas break-up into SAM and CAM.
Probably in a bid to gain an edge in the increasing competition for talent, SAM has instituted a new HR policy, under which any SAM leavers in the next seven months would have to repay the firm three months’ of their (increased) pay as per the reports this week.
SAM’s Senior Corporate Partner Akila Agrawal has recently joined CAM in Delhi, with one of her team’s Principal Associates Mukul Sharma also joining as partner.
In October 2017, CAM capital markets partner Nikhil Naredi joined Shardul Amarchand after a long 6 months of gardening leave, having given notice shortly before SAM Mumbai corporate partner Gaurav Singhi resigned from SAM to CAM in May 2017. The series follow the raid of CAM’s Chennai head Dorothy Thomas in October 2016.
Picture Source :
Source: Legally India
