Khaitan & Co has expanded considerably in the past year, adding 14 new partners to its staff, five of which came to the firm as lateral hires. Khaitan has also boosted its international profile, placing lawyers in seven different Who’s Who Legal editions, compared with four last year. Sources hailed the “valuable service” the firm provides and the “very competent” grasp of legal issues by its lawyers.
Haigreve Khaitan is a “first rate” corporate lawyer who is known internationally for his corporate advisory and M&A work, as well as for his youth: in 2013 he was listed in our “40 under 45” survey of India’s leading young lawyers. He was part of the team that acted for Hutchison Telecommunications in its sale of its stake in Hutchison Essar to Vodafone, as well as contributing to the firm’s work for iGATE Corporation in its acquisition of Patni Computer Systems. Senior partner Ravindra Kulkarni is a “great name” according to peers, and emerges as the firm’s leading provider of project finance, public procurement and structured finance work, having led the firm in acting for Mahindra & Mahindra in the past year. Bijal Ajinkya joined the firm from Nishith Desai Associates in February last year and has made a major contribution to the corporate department, earning international acclaim for his tax work.
Arshad (Paku) Khan is the executive director and co-head of the competition team at Khaitan and has stablished a “world besting” reputation during more than 20 years of acting in merger control, cartel and abuse of dominance cases. Fellow department co-head Manas Kumar Chaudhuri is also a prominent name around the world and regularly advises Indian and international clients on competition law and related legal and regulatory issues.
In what has been a very active year, lawyers from Khaitan have acted for Toshiba in its acquisition of a major portion of Vijai Electricals’ electricity transmission and distribution business; Japanese tomato processing company Kagome in its joint venture with India’s Ruchi Soya and Japan’s Mitsui to create an Indiabased tomato products company; Canadian software company OpenText on its acquisition of Cordys Software India, the Indian subsidiary of Dutch multinational IT company Cordys Holdings; and Thomson Reuters in the acquisition of securities market software company Omnesys Technologies, among numerous other high profile matters.