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At its annual HR rollout, Cyril Amarchand Mangaldas announced the promotions of 23 lawyers to Principal Associate, 42 to Senior Associate and 12 to Senior Associate–Designate.
The Mumbai office saw the largest chunk of associate-level promotions, followed by Delhi and Bengaluru.
The Corporate Practice stream (M&A, PE, Competition, Employment, Real Estate, Private Client & Taxation) saw the highest number of promotions, at 41.
The Disputes Practice as well as the Financing Practice (Projects, Infrastructure, Banking & IBC) saw 16 promotions each. The Markets practice saw 4 promotions this year.
Speaking on these promotions, Cyril Shroff, Managing Partner said,
Partner-level promotions are expected to be announced very soon.
In April, Cyril Amarchand Mangaldas had announced some variations in the salaries of its lawyers due to the COVID-19 pandemic.
Significantly, Equity Partners of the firm have voluntarily decided not to draw any salaries for this financial year.