Indian firm Cyril Amarchand Mangaldas has hired two corporate partners in New Delhi from rival Shardul Amarchand Mangaldas & Co.
Equity partner Akila Agrawal will head Cyril Amarchand’s mergers and acquisitions practice. Last year, she served as Indian counsel to Dutch chipmaker NXP Semiconductors NV on a $2.75 billion multijurisdictional sale of a semiconductor parts unit to a Chinese consortium and advised Indian real estate developer DLF Ltd. on a $1.9 billion sale of a stake in its DLF Cyber City Developers Ltd. unit to the Singapore sovereign wealth fund GIC Pte. Ltd.
Agrawal joined legacy Amarchand & Mangaldas & Suresh A. Shroff & Co. in Delhi in 2002 and made partner in 2008. She joined Delhi-headquartered Shardul Amarchand when former co-managing partners Shardul and Cyril Shroff split the legacy firm in 2015.
Mumbai-based Cyril Amarchand, which is the bigger of the two offshoot firms, also hired corporate partner Mukul Sharma in Delhi from Shardul Amarchand, where he was principal associate with Agrawal.
Traffic between the two Amarchands in Delhi has not been all in one direction. In June, Shardul Amarchand recruited corporate partner Nivedita Tiwari from Cyril Amarchand.
Some hires between the two firms were contentious. In 2016, Cyril Amarchand sued former Chennai office head Dorothy Thomas over allegations relating to confidentiality and non-compete clauses following the resignations of Thomas and 11 other employees to join Shardul Amarchand. The parties settled, and Thomas joined Shardul Amarchand’s Chennai office with seven other fee-earners.
According to last year’s Asia 50 survey, Cyril Amarchand had 619 lawyers in 2016, while Shardul Amarchand had 430.