IP boutique Khurana & Khurana has acquired Closer2Patents in order to better serve its clients in Mumbai. Closer2Patents, another IP boutique, was established by Abhishek Pandurangi in 2010. He joins Khurana & Khurana as a partner in Mumbai along with four associates.
The firm now has six partners and over 50 professionals. Over 35 are in Delhi, with the remainder divided among Mumbai, Bangalore and Pune.
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Khurana & Khurana’s Mumbai-based clients include Piramal Healthcare, Larsen & Toubro, Glenmark Pharmaceuticals, Cipla, Unichem, Midas Healthcare and Crompton Greaves. “We didn’t have a physical office presence in Mumbai,” Tarun Khurana, the firm’s managing partner, told India Business Law Journal. “Abhishek being a close associate for Mumbai operations expressed an interest to be acquired and had a good patent and trademark portfolio.”
Speaking to India Business Law Journal, Pandurangi said he joined Khurana & Khurana to better serve Closer2Patents’ growing client base. “To be very honest, the firm was outgrowing me,” he said. “It was growing at a faster rate than I could manage with my existing team, especially in the area of litigation.” Investing in or merging with a bigger law firm seemed to be the most practical way forward. “What was appealing was my personal interaction and flexibility with Tarun and the prospects in terms of litigation and other avenues that I would personally be involved with at Khurana & Khurana.”
Khurana said the firm would strengthen its focus on the media and entertainment sector this year. Last year the firm handled copyright and trademark matters and provided general counselling on commercial law issues for media houses in Mumbai and Delhi. “We plan to focus strongly on that practice, more at the counselling level in 2015 and on contentious matters from 2016 onwards.”
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