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 3 places of work in Mumbai and Pune. “While Indian corporations are nonetheless smaller than foreign ones, it is critical that we 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.” Solomon & Co worked with Legal League Consulting to increase a tailored partnership structure and governance version after evaluating numerous global and home partnership fashions. The 4 new companions underwent a rigorous leadership and talent improvement program that changed into created with the help of Professor Ravindra Dey at the Xavier School of Management. “The governance version contemplates empowering every accomplice to develop his or her practice organization, with joint selection-making on topics affecting the overall approach of the company.
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 intellectual property practice on the firm, Champaneria might be charged with increasing the company’s company and M&A practice, and Gupta will head the actual property exercise. The new companions have worked on the company for more than 10 years and are non-equity partners. The company otherwise has four fairness partners and two partner companions.