Indian law firm ALMT Legal has fractured, leading to the end of its best-friends arrangement with UK law firm Clyde & Co.
Five former partners have left ALMT’s offices in India and London to launch their own firm called Clasis Law. The partners are Shalini Agarwal and Sakate Khaitan in London, Vineet Aneja in Delhi, and Ishtiaq Ali and Renu Parekh, both of whom are based in Mumbai. A number of associates have also joined the breakaway firm and it is understood that Clyde & Co will transfer its allegiance from ALMT to Clasis.
“ALMT Legal went through a division in the partnership, with London, Delhi and part of the Mumbai office separating from the remaining partners of Mumbai and Bangalore,” Agarwal told India Business Law Journal. “We have thus established a new firm – Clasis Law – and will continue to offer Indian legal advice and retain our international relationship with Clyde & Co.”
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