After months of mediation and discussions, the Shroff brothers have reached a final settlement over the country’s largest law firm, Amarchand Mangaldas Suresh A Shroff. As per our sources, the firm will most likely be dissolved on Monday (April 20)..The dissolution of the firm will mark the end of the family battle between Cyril Shroff and Shardul Shroff following the death of their mother, Bharati Shroff, in August last year..Monday’s dissolution will be followed by the emergence of two, new partnerships – Shardul Amarchand Mangaldas and Cyril Amarchand Mangaldas on Akshay Trithiya (Tuesday), which is considered an auspicious day..Ever since the mediation was announced, the two Shroffs have been building their own, separate teams. This has often been at the cost of firms such as Khaitan, Luthra & Luthra and Kochhar & Co, with both brothers eyeing the inorganic route to growth..Khaitan & Co in particular, has seen the departure of six Partners. Not that this has had any affect on the firm’s aggressive hiring. Just a day ago, the firm announced the hire of 12 students from NUJS alone..But it is not manpower that the two brothers have been focusing on. Cyril Shroff has already acquired prime real estate in Saket in Delhi while Shardul Shroff has acquired few floors in Express Towers to set up their new operations.
After months of mediation and discussions, the Shroff brothers have reached a final settlement over the country’s largest law firm, Amarchand Mangaldas Suresh A Shroff. As per our sources, the firm will most likely be dissolved on Monday (April 20)..The dissolution of the firm will mark the end of the family battle between Cyril Shroff and Shardul Shroff following the death of their mother, Bharati Shroff, in August last year..Monday’s dissolution will be followed by the emergence of two, new partnerships – Shardul Amarchand Mangaldas and Cyril Amarchand Mangaldas on Akshay Trithiya (Tuesday), which is considered an auspicious day..Ever since the mediation was announced, the two Shroffs have been building their own, separate teams. This has often been at the cost of firms such as Khaitan, Luthra & Luthra and Kochhar & Co, with both brothers eyeing the inorganic route to growth..Khaitan & Co in particular, has seen the departure of six Partners. Not that this has had any affect on the firm’s aggressive hiring. Just a day ago, the firm announced the hire of 12 students from NUJS alone..But it is not manpower that the two brothers have been focusing on. Cyril Shroff has already acquired prime real estate in Saket in Delhi while Shardul Shroff has acquired few floors in Express Towers to set up their new operations.