AZB & Partners has hired L&L Partners Mumbai-based partner Avinash Subramanian as a partner in its restructuring, IBC and structured finance practice in Mumbai.
He is a 2012 NLSIU Bangalore graduate who had joined L&L out of college and became a partner at L&L in 2020.
He’s the latest of many homegrown L&L partners to defect from the firm during the spat between the co-founders, which despite the Delhi high court judgment ordering an agreed split has not ended but is now to start in earnest.
Co-founder Mohit Saraf has announced he would start his own firm, while the firm’s original namesake, Rajiv Luthra, would continue with the L&L brand.
Competition for the talent that is left is bound to be fierce.
The tally of exits during the dispute:
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