A notable Indian law firm merger came into operation on 1 April 2012. The merger was facilitated by my Edge International colleague Bithika Anand between one of the oldest law firms in India, “Udwadia & Udeshi” and one of the most dynamic young law firms “Argus Partners”. This merger is interesting given that the merging firms had very different cultures, work force compositions and operated out of the same city.
The merger will allow the new entity to spread its wings – it will have India well covered with 5 offices in the key locations of Mumbai, Delhi, Kolkata, Bangalore and Chennai.
The merged firm will operate under the name Udwadia, Udeshi & Argus Partners, have 12 partners and is well geared/leveraged and resourced with about 60 lawyers. The new firm will be managed by Krishnava Dutt, youthful Founding Partner of Argus.
Through the combined depth and breadth of knowledge and experience of the partners, the new firm will be in a position to provide legal advice on a wide range of issues.
This is another example of a merger of law firms taking place after months of careful consideration of relevant strategic issues and is the outflow of a strategy for the future growth of the merged firm. Bithika Anand believes “this development will pave the way for many similar deals in future“. It is also significant that the senior partners in the merged entity have handed over the management and leadership reins to a younger partner, Krishnava Dutt.
Argus Partners was established in 2009 by Krishnava Dutt, former Amarchand Mangaldas Kolkata Partner and Ramya Harihanran, former Amarchand Principal Associate. Argus Partners launched an office in Kolkata, and started their Mumbai office in 2010.
Ramya Harihanran and Darius Udwadia are the founding partners of Udwadia & Udeshi. Both Dilip Udeshi and Darius Udwadia were Partners at Crawford Bailey before they set up Udwadia & Udeshi in 1997.
Other links to announcement news on this item: