[Exclusive]: "An inter-generational transition is an important part of this journey", Trilegal on its new governance structure

Trilegal elects Management Committee for the first time in twenty years.

Karan Singh

Published on:

25 Feb 2020, 2:31 am

2 min read

The Trilegal partnership recently approved a new governance structure, which will include a Management Committee and an expanded Board.

“We have, from the very beginning, been committed to the idea of building an institution. An inter-generational transition is an important part of this journey. We are pleased that we have taken an important step in that direction.“

Trilegal Founder and Senior Partner Karan Singh

Under this new governance structure, the Management Committee of the firm will be elected into office. The two newly elected Management Committee members are Sridhar Gorthi and Nishant Parikh.

Sridhar is a founder and Nishant is one of the earliest non-founder partners at Trilegal. Both are graduates of NLSIU, Bangalore. Nishant had joined the firm in 2005, and was made Partner in 2008.

Sridhar Gorthi and Nishant Parikh

At Trilegal, we have always been focused on institution building. One of the key attributes of a sustainable institution is a proper structure for transition of management. Given that we have an all equity partnership with every partner having an equal vote, an elected management was a logical next step. I look forward to working with Nishant to further build on the solid foundation created over the last 20 years.

Sridhar Gorthi

The new Board - which is yet to be constituted - will be both supervisory and advisory in nature. It will be constituted by April 1, 2020.

The term of the Management Committee will be three years, while the term of the Board will be four years. The Board will comprise the founders and other senior partners from the firm, and have a total strength of no more than seven members.

The first Board will be appointed by the founders. Thereafter, the first Board and MC shall, within 15 months, recommend the manner in which members of future Boards will be selected.

The firm will also follow "one-partner-one-post" as a rule to allow a greater number of partners to participate in the firm's governance. However, there can be exceptions. Practice Heads will not be on the Board to avoid conflicts of interest.

The criteria to be a Board member includes number of years of experience as partner, wide representation, diversity, and to lesser extent, longevity with the firm.

Indian Law Firms

Trilegal

Karan Singh

Nishant Parikh

Sridhar Gorthi

New Governance Structure