IT WAS an emotional journey for Rishabh when law firm Amarchand Mangaldas led by the the Shroff family went through a vertical split in 2015. “It helped me understand how these disputes occur. It shaped my views on such cases. The legal and tax matters in family disputes are stepping stones, but the emotional part needs to be addressed carefully,” he says.
Rishabh now heads the Private Client practice at Cyril Amarchand Mangaldas and specialises in working with India’s leading family businesses on matters ranging from succession and governance planning to trusts, wills and family separation. He has also been working with firms on setting up global family offices in Dubai and Singapore.
In August 2020, in the middle of Covid, Rishabh took over the International Business Development function at the law firm, which is emerging as one of the important revenue generators for Cyril Amarchand Mangaldas. “I have been focused on systematically growing the topline and bottomline, referrals, relationships and pedigree,” he says.
At the wider level, the firm, which has a pool of over 1,000 lawyers, recorded its best years in terms of revenue, profitability and growth in 2021 and 2022, and is on track for similar results in 2023 as well, says Rishabh. In 2022, it mediated on market-leading transactions, ranging from some of India’s largest fundraising rounds in the Unicorn space to complex cross-border M&As like Adani’s takeover of cement companies, ACC and Ambuja. — Nevin John