BMR has responded to the move by issuing a statement saying that it aims to concentrate on its tax practice and wishing those departing ‘good luck’ and ‘success’. The official statement from BMR Legal said: 'Our M&A Law Partners have decided to pursue their career interests outside of BMR Legal and are moving to a larger platform for the growth of their practice and team. We wish Amit and his team good luck and success in their future endeavors. We are proud of what we have created by way of a proposition in this space, which in a short while has gained the confidence of clients and accolades by way of independent survey rankings.'
It continued: ‘As a law firm, we shall be solely focusing on tax dispute resolution practice and the firm is committed to strengthen capabilities in this area. As a tax practice, we enjoy a Tier 1 status in all surveys and shall continue to offer integrated tax services and build a stronger franchise. A case in point is the recent hire of five lawyers in Mumbai focusing on tax litigation.”
The team moving includes Partner Amit Khansaheb in Gurgaon; two partners in Bangalore, Roshan Thomas and Siddharth Nair; and one in Mumbai – Kaushik Mukherjee. Mr Khansaheb had joined BMR in January 2013 from Desai & Diwanji to set up BMR’s Corporate M&A practice. The new hires are expected to move to Shardul Amarchand Mangaldas across Delhi, Mumbai and Bangalore.