Despite the dissolution of its “best friends” association with Allen & Overy in 2012, Trilegal remains an internationally recognisable law firm in its own right and is hailed as “one of the best of the new generation of firms in India” according to one source. The firm takes its “new generation” status seriously, offering lawyers a clear route to its all-equity partnership with personally catered business development plans, as opposed to the more traditional family-run model of Indian law firms. The firm has expanded its associate pool in the past year, and earned numerous industry awards for both its employee and client satisfaction.
Ajay Raghavan is a partner in Trilegal’s Bangalore office where he leads the labour and employment team, a discipline in which he enjoys an international profile. His “superb” practice encompasses the drafting and modifying of both local and international employment policies, advising clients on issues such as structuring stock option schemes and benefits as well as structuring and negotiating employment contracts in different sectors. “I have worked with Ajay Raghavan and his team from on employment matters for several years and they are great,” says one source “they are very commercial, fast to respond, and they understand US multinationals.”
Karan Singh is a partner in the Mumbai office and heads the banking and finance practice. He has worked with several banks and institutions in offshore and domestic financings and has experience of structured finance products, regulatory matters and leveraged buyouts, as well as project finance in which he is recognised as a global leader. Appearing in Who’s Who Legal for both his IT and telecoms work, Bangalore’s Rahul Matthan is “highly regarded” for his work in TMT deals, having led the firm’s team in advising Regenersis PLC on the 100 per cent share acquisition of Digicomp Complete Solutions in September 2013. Akshay Jaitly is a “hugely respected” energy lawyer, with both oil and gas and environmental law expertise, and was part of the Trilegal team that acted for Indo Rama Renewables Jath in its agreement to develop and operate a 30MW wind energy project in Maharashtra.
In the past year, Trilegal has advised Bombay Stock Exchange-listed Virinchi Technologies in its all-cash acquisition of a majority stake in Asclepius Consulting, acted for Ruchi Soya in its joint venture with Kagome and Japan’s Mitsui to create an India-based tomato products company, and represented the promoters of Energy Leader in the sale of their shareholding and their exit from the management of EnerSys.
Alongside the success of its dealmakers, Trilegal’s disputes team has had an active year. The firm represented Telenor in a dispute with its joint venture partner before the Company Law Board in Delhi, the High Court and multiple arbitration proceedings; acted for Merrill Lynch in its dispute in relation to the FCCBs it held in Gemini Communications; represented Mumbai International Airport before the Airport Economic Regulatory Authority Appellate Tribunal; and advised Tata Power in its appeal to the Appellate Tribunal for Electricity against an order passed by the Maharashtra Electricity Regulatory Commission.
The competition team has also seen a host of high profile matters in the past year, acting for such clients as Standard Chartered, Heineken and Associated British Foods. Lawyers from the firm advised Shriram Capital Limited in Sanlam Limited’s indirect acquisition of a 49.05 per cent stake in its business and also acted for the client in relation to the merger control notification to the Competition Commission of India; assisted Exide Industries in its acquisition of the 50 per cent stake in ING Vysya that it didn’t already own; and filed an appeal before the Supreme Court of India against the order of the Competition Appellate Tribunal on behalf of Hindustan Petroleum.