Shardul Amarchand clarification: Clawback applicable only on Special Fee Enhancement

Pallavi Saluja September 7 2018

Shardul Amarchand Mangaldas has today issued a clarification to its lawyers on the clawback provision.

The firm had on September 5 announced its annual increments. Initially, this came with a clawback provision, by which lawyers on retainer who leave the firm in the next seven months would have to repay to the firm three months of their retainer fees.

The clarification issued today states that . . .

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