Khaitan gives equity to 4

Khaitan & Co. has revamped its management by internally promoting four of its lawyers to equity partnership and three lawyers to associate partner level at both, New Delhi and Mumbai offices..Khaitan & Co. has revamped its management by internally promoting four of its lawyers to equity partnership and three lawyers to associate partner level at both, New Delhi and Mumbai offices..Delhi corporate Associate Partner Rajat Mukherjee, who joined the firm in 2010 from Skadden & Arps in New York has been made an equity partner. Mumbai corporate and M & A Senior Associates Aakash Choubey, Bhavik Narsana and Zakir Merchant will also be equity partners at the firm..Choubey started his career with Khaitan after having been recruited from NLIU, Bhopal in 2004. Merchant joined the firm in 2007 and Narsana in 2006, both as lateral senior associate hires..Delhi litigation Senior Associate Rahul Ray has been promoted to associate partner level. In Mumbai, corporate and infrastructure lawyer Nishant Singh and real estate specialist Abhishek Sharma have also been promoted to associate partner level. All the promotions are effective from April 1..Speaking to Bar & Bench, Partner Rabindra Jhunjunwala said, “We have introduced associate partner category which we didn’t have earlier because we are a pure equity set up but we do sort of realise that perhaps we need to have a new slot where incumbent will be groomed for partnership”..He further added, “We are committed to investing in the future of the firm and our people and on behalf of the firm I would like to congratulate each member of this exceptional group of lawyers who have earned this promotion”..Jhunjunwala informed us that the firm has also incorporated a new alternate career track which is a Counsel level, where a senior resource who has a sharp technical focus and who doesn’t want to take on the risks of partnership will be offered this designation. The firm has offered this career track to Mukund Puranik who is now a Counsel with the firm..Khaitan and Co. has 49 partners as of now, and this excludes the three associate partners.