Cyril Shroff Fellowships instituted at Oxford University
OXFORD, England & MUMBAI, India–(BUSINESS WIRE)–To commemorate 40 years of legal practice of India’s leading corporate lawyer, Cyril Shroff, Managing Partner, Cyril Amarcand Mangaldas; and the Oxford India Center for Sustainable Development (OICSD) based at Somerville College, University of Oxford, will institute the “Cyril Shroff Scholarships”. The fully-funded fellowships aim to encourage research on pressing global issues involving law and politics, with a particular focus on climate change and sustainability and seek to support ‘brain gain’ in India by developing a pool of talent highly qualified and their research. This initiative is the first of a broader engagement plan over time.
From 2023, new Cyril Shroff Scholars from OICSD, University of Oxford will spearhead the shared values of [Shroff Family] and Somerville College. The scholarship – three in the first place, with ongoing discussions for the future – will be selected for its far-sighted ambition to create change in India through law and public policy, with the aim of tackling the climate crisis .
Describing the vision behind Cyril Shroff ScholarshipMr. Cyril Shroff, Managing Partner, Cyril Amarcand Mangaldassaid, “On my 40e professional anniversary – I started my ‘giving journey.’ I believe that life is divided into 3 parts – learning, earning and giving. Learning is lifelong and, in recognition of this, my giving journey begins with the scholarship instituted at Somerville College, University of Oxford. I firmly believe that Oxford’s legal and public policy scholars will be instrumental in addressing the intractable challenges facing India, especially the existential challenges of climate change. I also hope it will be ‘brain gain‘ for India. Somerville College at the University of Oxford is an ideal partner on our giving journey – given their history of inclusion, their connection to India and the emancipation of Indian scholarship since the very first Indian woman to study and practice law. This ties in perfectly with our own philosophy of creating the best lawyers for a just world.”
Mr. Cyril Shroff has just completed 40 years in the profession. His career spanned some of the country’s most distinguished corporate, financial and commercial cases, which played a central role in building a global reputation for himself and for Cyril Amarcand Mangaldas, the largest law firm in Indian lawyers which he manages as managing partner. He has also played a significant role in the overhaul and professionalization of the legal profession and law firms in India and the adoption of legal technology. At CAM, Mr. Shroff has pioneered and incubated several leading industry practices, most recently ESG, in recognition of the climate crisis and its intersection with economic development and business. Over the years, his passion for a just world, combined with a strong sense of fairness and empathy, has helped CAM firmly establish itself as a trusted advisor to its clients.
Ms Jan Royall, Principal of Somerville College, University of Oxford, traveled to India and shared her views there, “I am proud to see these scholarships become a reality. They will not only be life-changing for the students who receive them, but will help honor and repay the historic contribution made by the Indian scholarship to our leading universities and businesses, creating brain gain for India, rather than brain drain. brains. Having spent time with Cyril Shroff in Mumbai, I can see his strong commitment to a more sustainable world and his deep intellectual curiosity about these critical issues. We are grateful to him for his philanthropic commitment to this enterprise.”
Ms Royall had a distinguished career in politics, including as Chief Whip in the House of Lords and then as Leader of the House from 2008 to 2010. She also served as Shadow Leader of the House of Lords from 2010 to 2015. Prior to her parliamentary career, she was a senior adviser to the European Commission before heading its office in Wales. In 2004 she was appointed to the Lords as Baroness Royall de Blaisdon and in 2005 became Government Spokesperson for Health, International Development, Foreign and Commonwealth Affairs. Ms. Royall works with governments, political parties and NGOs in many countries on democracy building, leadership, civil society development and women’s empowerment.
Mr. Cyril Shroff has over 40 years of experience in a wide range of practice areas, including corporate and securities law, litigation, banking, bankruptcy and infrastructure. A thought leader and visionary, Mr. Shroff has always been classified as “Star Practitionerin India by Chambers Global. Widely regarded as the “M&A King of Indiahe advised on many first-of-its-kind transactions in India. He was also very active on the public policy front and helped shape fundamental reforms, drafting essential laws and regulations. He is Chairman of the ESG Advisory Board of SES, the Corporate Law Committee of FICCI, the CII National Committee on Regulatory Matters for the Financial Sector and has served on several committees of the Securities and Exchange Board of India including the Uday Committee. Kotak on corporate governance. and SEBI Committee on Insider Trading. Mr. Shroff is also a member of the advisory board of the Center for Study of the Legal Profession established by Harvard Law School. He also sits on the board of the University of Krea.
CAM is India’s largest full-service law firm with a global reputation of being a trusted advisor. The firm has 1,000 lawyers and 160 partners across seven offices in India and Singapore. The firm recently received the ‘Innovation in Advancing Markets’ award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the ‘National Law Firm of the Year: India’ award at the 2022 IFLR Asia Pacific Awards Ceremony.
Somerville College, a constituent college of the University of Oxford in England, was founded in 1879 as Somerville Hall, one of its first two women’s colleges. Among his alumni are Margaret Thatcher, Indira Gandhi, Nobel laureate Dorothy Hodgkin. Somerville College plays a major role in relations between Oxford and India. Cornelia Sorabji, born during the Bombay presidency in British India, became the first Indian woman to study at a British university when she came to Somerville in 1889 to study law, while Indira Gandhi, the first female Prime Minister of India, read modern history at college in 1937. In 2012, the college and the University of Oxford announced the Oxford India Center for Sustainable Development (OICSD). It combines research, scholarship and engagement to study the complex challenges and opportunities posed by sustainable development in India. About fifty students have already been supported by the program and are now contributing to the sustainable development of India.