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Tuesday, 01 June 2021 15:41 Law firms
The Delhi high court bench of justices RS Endlaw and Sanjeev Narula hearing the long-running dispute between Rajiv Luthra and Mohit Saraf, the two co-founders of
L&L Partners, has ordered the Luthra to pay Saraf in compensation while Saraf could exit and set up his own firm, Bar & Bench has just reported.
We have reached out to both parties for comment.
L&L makes up for PQE freeze with 7% Covid bonus increment
L&L Partners has paid an unexpected additional bonus of 7% of annual 2020-21 financial year fixed remuneration of non-fresher and non-litigation associates.
While the amount is described as an increment to base remuneration, a spokesperson confirmed that this was only retrospective and would be paid in a one-off lump sum but would not apply to future remuneration, such as in the current 2021-22 financial year.
The firm spokesperson also confirmed that the increment-cum-bonus would only apply to “Eligible Associates, senior associates and managing associates”.
That specifically excludes freshers who have just joined the firm in the last 12 months and “is applicable from the date of completion of one year in firm”.
Bhalla joins Zomato
L&L Partner
Zomato as its general counsel (GC).
Zomato is understood to have a legal team of around seven at the moment.
The company and Bhalla declined to comment, but a Zomato spokesperson confirmed her joining.
The leading food delivery company has been widely reported to be eyeing an initial public offering (IPO) this year to raise up to $1bn, so Bhalla’s role is set to no doubt be a busy one.
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Monday, 08 March 2021 14:18 Law firms
L&L Partners litigation partnership has hired two new partners while banking and finance has added one other.
The litigation partnership has added two partners.
Former Metropolitan magistrate (from 2013 to 2018),
Amrita Tonk had begun her career at L&L in 2010, followed by a secondment at Accenture and then the bench.
According to the firm, “she presided over 26,000 summary and summons triable matters during her tenure”.
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In Brief
Tuesday, 23 February 2021 19:20 Corporate M&A
Debt-heavy cosmetics business Coty has picked up a $750m investment from private equity major KKR as it looks to shore up its balance sheet amid losing customers to rival brands. KKR has also signed a memorandum of understanding with Coty that it will buy a stake in the company’s professional beauty and retail hair businesses, including Wella, Clairol, OPI and Ghd, at an enterprise value of $4.3bn.