Former Amarchand associate launches Delhi firm
Amarchand Mangaldas senior associate Rishi Anand has launched a new law firm in Delhi under the banner Gnarus Partners. Thus far the firm consists of Anand, a litigation head and three associates, but there are plans to expand to ten lawyers within the next year by attracting second-tier work.
Anand will draw upon his specialist knowledge of corporate transactional law to focus the firm’s practice on corporate, M&A, private equity and litigation work.
“If you see, there is a lot of space in the market right now. There are clients that don’t want to pay [top tier] rates […] for drafting a resolution,” he said. “I have signed a few retainers initially [and] I am working with a few of the private equity firms… in addition I have a few very good companies that will be retaining me.”