Indian law firm IndusLaw has added banking and finance attorney Nitika Jain as a partner in Mumbai, amid unconfirmed rumours that the firm is favoured by international law firm CMS for an exclusive India arrangement. 

Jain, who was previously a counsel at AZB & Partners, has over 12 years of experience specializing in banking, structured finance, securitisation, insolvency, private equity, and general corporate matters. She represents banks, financial institutions, foreign portfolio investors, and both foreign and domestic equity holders across debt and equity transactions, debenture and equity issuances (unlisted), debt-equity combinations, mezzanine finance, securitization and assignment transactions, as well as inter-creditor arrangements. 

She also advises on structuring and setting up various types of alternative investment funds (AIFs), including private equity and debt funds in India. She has represented these funds before regulatory authorities in India.

Jain is IndusLaw’s third partner hire in a year marked by a number of significant exits. The firm rebuilt its employment practice with the addition of Debjani Aich in Bengaluru and brought back corporate lawyer Siddharth Manchanda in Mumbai after a two-year stint as general counsel at edtech company Unacademy.

The firm is also close to a tie-up with international law firm CMS, according to a few people with knowledge of the move, but details on the alliance between the firm remain unclear. 

CMS was in talks with multiple firms as part of its plan to enter the Indian market and has chosen IndusLaw as the ideal partner to make the move, a source says. 

IndusLaw did not immediately respond to a request for comment on the tie-up.