Shardul Amarchand Mangaldas & Co has hired a second Delhi partner from rival Khaitan & Co in about two months after welcoming back capital markets specialist Devi Prasad Patel as a partner.

Patel advises issuers and underwriters on equity capital market transactions, including IPO, rights issues and qualified institutions placements, with a focus on drafting and reviewing legal documents and agreements, legal due diligence and collaboration with senior management of issuers.

Patel’s first stint at SAM was between 2014 and 2017, after which he joined Khaitan in 2018, becoming a partner in 2023. He also worked at Hammurabi & Solomon.

His arrival comes on the heels of SAM hiring M&A partner Shruti Singh, also in Delhi, from Khaitan last November.

SAM now has 166 partners nationally. Other hires in 2023 have included real estate partner Rohit Bajaj in Delhi, technology partner Hemant Krishna in Bengaluru, M&A partner Sarika Raichur and disputes partner Shruti Khanijow in Chennai, corporate partners Manish Gupta, Pratyush Khurana and Ashish Ahluwalia in Gurugram, and corporate partners Danish Kazi and Manan Mehta as partners in Mumbai.