Solomon & Co, a company that opened its doorways in 1909, has doubled its partnership to 8 with the advertising of partner partners Anagha Subramaniam, Germaine Pereira, Kinjal Champaneria, and Saurabh Gupta. “A two to three-accomplice company permits growth as much as a pure length. We intend to grow beyond 100 specialists within the next years,” Solomon & Co managing companion Aaron Solomon advised Asia Business Law Journal. The company presently has extra than 50 non-associated lawyers and three places of work in Mumbai and Pune. “While Indian corporations are nonetheless smaller than foreign ones, we must start to model ourselves, our shape and practices, on the traces of our foreign friends even as keeping the strengths of an Indian legal practice.” After evaluating numerous global and home partnership fashions, Solomon & Co worked with Legal League Consulting to increase a tailored partnership structure and governance version. The four new companions underwent a rigorous leadership and talent improvement program created with Professor Ravindra Dey’s help at the Xavier School of Management. “The governance version contemplates empowering every accomplice to develop their practice organization, with joint selection-making on topics affecting the company’s overall approach.
The senior companions will continue to direct the strategic selection-making and could provide vital hand-preserving to the new companions to develop their exercise and take on their new roles,” said Solomon. Subramaniam will spearhead the banking and finance practice, with special recognition on corporate and business legal guidelines. Pereira will head the firm’s intellectual property practice, Champaneria might be charged with increasing the company’s company and M&A practice, and Gupta will handle the actual property exercise. The new companions have worked in the company for over ten years and are non-equity partners. The company otherwise has four fairness partners and two partner companions.