Ash­wath Rau, Part­ner at Law Firm CAM, to Join AZB & Part­ners

The Economic Times - - Companies - Our Bu­reau

Mum­bai: Ash­wath Rau, part­ner at law firm Cyril Amarc­hand Man­gal­das (CAM), has put in his papers to join ri­val AZB & Part­ners, led by Zia Mody. Rau will join AZB’s M&A and cor­po­rate prac­tice arm by the end of the year af­ter he com­pletes a six-month gar­den­ing leave at CAM, peo­ple in the know said.

CAM in­tends to en­force the six­month gar­den­ing leave along with re­stric­tions on so­lic­it­ing staff and clients, the peo­ple cited said. At CAM, Rau, one of the firm's top lawyers, was ad­vis­ing in the ar­eas of M&A and pri­vate equity and a few pri­vate sec­tor banks Emails seek­ing com­ments from CAM and AZB & Part­ners did not elicit any re­sponse un­til press time Thurs­day. Rau did not re­spond to phone calls and text mes­sages. Rau's switch to AZB was first re­ported by the web­site Legally In­dia. Rau is an alum­nus of Na­tional Law School of In­dia, Univer­sity of Ban­ga­lore from the 1999 batch. His team at CAM in­cluded Ganesh Rao, Shishir V, Anu Ti­wari, Dhruv Sing­hal and Jaya Sing­ha­nia. Re­cently, Ti­wari and Sing­hal were pro­moted to the po­si­tion of part­ners. Mum­bai’s le­gal mar­ket has seen large-scale em­ployee move­ments af­ter the split of Amarc­hand Man­gal­das & Suresh A Shroff & Co into two firms headed by brothers Shardul and Cyril Shroff in April last year.

In the past 12 months, many se­nior lawyers have changed jobs. No­tably, Ak­shay Chu­dasama of Jay Sa­gar As­so­ci­ates (JSA), another law firm, and Shuva Man­dal of AZB & Part­ners joined Shardul Amarc­hand Man­gal­das, Shardul’s firm. Ab­hi­jit Joshi, for­mer chief ex­ec­u­tive and se­nior part­ner of AZB, left the firm to start his own ven­ture, Ver­i­tas Le­gal. Last month, Somasekhar Sun­dare­san, part­ner and head of cap­i­tal mar­ket prac­tice at JSA re­signed to start an in­de­pen­dent coun­sel prac­tice. A for­mal one year no-poach­ing agree­ment be­tween the firms headed by Cyril and Shardul came to an end on March 31 this year. Rau’s shift­ing also marks an end to an in­for­mal no-poach­ing agree­ment be­tween AZB and CAM.

VARANI SAHU

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