Category: Law Firms

This interview has been published by Anshi Mudgal and The SuperLawyer Team

You have worked with a Fortune 50 company and have over 17 years of experience across sectors like corporate and commercial law, white-collar crime, and investment fund-related issues. What has been your motivation behind pursuing these sought-after niche fields, and how do you make them simpler for people who are often uncomfortable discussing them? How did you build your name in this niche of the niche, and what continues to drive you?

Initially, when I started off as a lawyer, my concentration in fact was that whatever I do, I must do it in the best manner possible. As a young lawyer, that was my motivation. And while growing up, every day, it was almost as if going to a warfront, if I can put it that way, facing new challenges.

And as a corporate lawyer facing new queries, dealing with different and new expectations every day. But one thing that remained constant was that I used to set my own milestones and my only motivation was that I wanted to be the best at what I could be and first test myself.

I used to set those expectations for myself. As far as trying to be a general corporate lawyer or a decent enough general corporate lawyer, since the very beginning, I never thought of compartmentalizing myself or restricting myself to a particular field. I think that was also because of my upbringing at Dua Associates and I must take the name of my first mentor, Mr. Salil Gulati, who himself was a general corporate lawyer and I used to report to him. The way he nurtured and mentored me, and made me understand the concepts of law in terms of how they are supposed to be applied, was invaluable, because typically what we do in colleges is much different from what you actually end up applying, or rather how you end up applying.

Of course, academic education or being good at academics is very important, but at the same time, one should know how to apply it. So since day one, I feel that I had a great mentor and he was the one who inculcated this fact, or rather this idea in my mind, that we don’t need to be specifically focused on a particular practice area.

As a general corporate lawyer, we are capable enough of advising on all aspects of a company, of a business generally. Progressing from that, when I started Gravitas, beyond simply following the general corporate trajectory, we started two new spaces for ourselves, litigation and corporate strategy. Over a period of time, what had also happened and what I also started realizing was that when you advise companies, when you advise businesses, as a lawyer, you hold a position of great trust and confidence. And when anyone actually approaches you, they don’t approach you with a specific task, at least an Indian client doesn’t. They don’t approach you for a specific task.

It always tends to evolve into something more. So my concentration always was that I should hold that position of trust and confidence so that people would be able to talk to me about all of their issues, not just a specific project or a particular transaction, but whatever other troubles or problems they are facing.

So over a period of time I also tried to develop a conversationalist in myself. And today, when I speak to my interns or juniors, I try to make them understand the value of conversations and how, by having those conversations, you can develop trust, and how other people may also see what sort of knowledge you carry and the different aspects you can actually advise people on. Slowly, taking from there, when I deal with our foreign clients or institutions, it so happens that ultimately all of these clients also tend to look for something more than just legal advice from their lawyers. They would want that if there is a project, then there should be something more that a lawyer actually brings to the table, be it project knowledge, financial knowledge, and so on and so forth.

So I kept on, and I still am, looking at avenues to learn more and develop my knowledge—more holistic knowledge, touching upon not just legal aspects of a deal or a business, but also all other aspects which would otherwise impact a particular scenario.

Be it a transaction, a project, or generally just a legal query. That perspective also actually helps you in providing the right answer to a problem from the perspective of your client. Because sometimes what happens is we lawyers tend to go into too much detail of legal aspects and ultimately we just sort of go around in circles and probably don’t answer a query that requires a practical solution. So yes, that also enabled me to understand, answer, and respond to queries in a much more effective manner, I would say.

In India, lawyers often focus only on legal aspects, but clients frequently trust us with personal or even psychological concerns. How have you managed this balance while maintaining professionalism and ethics, especially with international clients who often rely heavily on their lawyers? Additionally, how do you guide your juniors in handling such situations, and what strategies have you found effective?

Sure. Thank you. So, see, like I said, it was also a drive. I mean, when I started realizing the true meaning of becoming a lawyer, that it is not just hidden in a particular opinion that we give or in a document.

Regardless of whether you are talking to institutions, there is always a human behind that institution also. I always try and spend time on that human aspect. I give people time. I try to understand where the people are coming from. Sometimes, I would say not just sometimes, most of the time, things are not how they appear to be. I always had the zeal to constantly look behind the curtains. Let me just put it that way. I always wanted to understand where this aspect was coming from, rather than just treating a query or a requirement that our clients would send to us, treating it just on the face of whatever was being sought.

I would always spend time on that query, and I would just think, you know, okay, fine, if someone is asking me a particular question, where is this coming from? Why is this question being asked? I would spend time on that aspect, and when I would try and answer that query—and of course, this happened much later in my life because initially, the concentration, or rather the focus, always used to be just to be a lawyer.

You know, one would just be overwhelmed with the fact that this is a job and ultimately I have to do well at it and all of that. But over a period of time and later in my career, and especially this transition actually happened when we started Gravitas Legal.

We wanted the firm to have a structure. We had thought about what we want, how we want our clients and other people to see us, people who approach us for any sort of assistance. How do we want them to see us? So, it was the drive, I would say it was the drive. And I constantly kept on looking for those behind-the-curtains or behind-the-scenes reasons of why and what was emanating. At the same time, I realized that position of trust and confidence that I was just talking about—everybody seeks that. I don’t think it matters whether it is an Indian client or a foreign client, an individual client, or a small, medium, or large business. They would always want their counsel, their lawyer, to gain that position of trust and confidence.

And that position of trust and confidence, no matter how sound we are as a firm ethically, or what sort of name we have, generally how people know us, that position of trust and confidence is always reserved for the individual you are interacting with. For our clients, that position of trust and confidence will always be with the individuals they are actually interacting with. So when I interact with my juniors, my ex-juniors also, whenever I have interacted with them on these aspects, on these lighter or rather subtler aspects of relationships, I have always tried to tell them that when your client is actually approaching you, there is always something more. Try and strike friendships.

Try and strike deeper relationships with them so that they can open up to you—deeper professional relationships, of course—where they are able to speak and open up to you to give you a more holistic picture of where the problem actually lies. It has happened so many times that people who have been representatives of my corporate clients have also ended up approaching me for their personal issues, and I have been more than happy to assist them, of course subject to there being no conflict. But at the same time, I think my ultimate win has always been that people are able to give me that position where they think they can actually rely on me and come and discuss those aspects with me.

The last thing I would like to add is that I have been a very open communicator with my clients. If I have not felt—and look, a general corporate practice is actually quite different from other corporate practices because we are exposed to many more dimensions of a corporate than other, I would say, focused practices—so with general corporate practice, what tends to happen is that when you get that sort of exposure, you also inevitably get into those wider aspects.

You get that exposure and you try to make the best out of it. And also when you are getting that exposure, I feel we should not hold ourselves back. We should be able to communicate very clearly what we as trusted counsels believe that a client is exposed to. Sometimes I have seen that people shy away from it—that if someone has asked me a question on the Companies Act, I will just answer that query. But I have never been that. Frankly, I can say one thing that I am very happy about myself as a professional, as a lawyer, is that I have never stopped myself from advising my client and being that voice in their ears saying this is right and this is wrong. And when something is wrong, I would never shy away from saying this is wrong.

So, yes, that is again something that I have worked on and tried to focus more on.

When handling internal investigations or whistleblower matters, how do you strike a balance between transparency, compliance, and protecting the reputation of the organization, while also managing sensitive internal information? Additionally, how do you maintain your own mental well-being during this process?

I will give you some sort of an insight on how investigations, rather whistleblower investigations and white collar crime actually proceed and what tends to go into the process. I mean, everybody knows exactly what it means, but what tends to happen in the process, right?

See, what happens is that when complaints such as this come through, we are supposed to act independently of the complainant as well as the organization and also probably the group of people who may be the potential accused.

What tends to happen is that when you enter that arena, no matter who may have appointed you, everybody is just looking at you with a lot of anxiety, let me put it that way: what exactly are they going to find and what are they going to do with that knowledge?

So you have to develop a very, very focused approach with very clear objectives in mind: what are you exactly here for? It’s very easy in such a situation, and let me tell you, when people actually start in such sensitive situations, when people start talking to you, there will be people ranging from the lower managerial positions right up to the top of the organization whom you have to interview and speak to. You may be required to go through thousands of documents to decipher and understand what exactly has happened, and whether ultimately what is being complained of has actually occurred or not.

So in such situations, when you sit down and start talking to these people, and again they could be 25, 50, or 100 people that you’re talking to over a very short span of time, once again people open up, and your best case scenario, I mean, if you want to decipher something, it is all about whether these people are going to actually trust you and open up to you.

Because that’s what you’re relying on. These are people who are actually working for an organization and they know that organization much better than you. It’s very easy to conduct an investigation which is absolutely objective, based on documents and policies, et cetera.

But at the same time, whenever there is a human angle, you need to understand what is happening behind the scenes. So whenever we are in such a situation where we have to conduct an internal investigation, apart from going through the policies and documents, et cetera, we also need to go into the depths of what people perceive is wrong when a complainant is making a complaint. You have to understand from their perspective what exactly they are saying has happened in a wrong fashion, or the policies that have not been adhered to.

There’s non-compliance, right?

And they will not be able to write down that as per this particular policy this is wrong and therefore I’m complaining. It’s never that simple; it’s always gray. The practice of law itself, at least in India, most of the time deals with the gray.

So as far as this process is concerned, one has to have a deeper understanding and should be able to create a very, very thorough process for themselves which can be followed in order to conduct an impartial investigation as an independent investigator, because most of the time these reports are actually submitted to either the board or the shareholders, and they should be able to communicate very, very clearly what the risk aspects are and what exactly has happened, what steps to take next as per the policy, and what steps are required to be taken as well. So, I would say a very clear and thorough process has to be devised. Most organizations have a very clear internal investigations or whistleblower policy, but of course they don’t prescribe a process, because processes are developed and created by the independent investigator, which comes through.

And of course, you should be able to communicate very thoroughly and very clearly who the individuals are that you want to interview and what documents you need to look at. There is always resistance. I would say there is always resistance, but at the same time you should be able to get past that and thereafter conduct a meaningful and result oriented investigation.

When investigating or working with a company, it’s difficult to build immediate trust, and the same applies to team members. You started Gravitas Legal about a decade ago, how did you find the right team members who share mutual trust and understanding with you? With the global presence you are now building, how has that been possible, and what strategies did you follow to develop and sustain that trust within your team?

See, legal practice has changed a lot in the past decade or so. When we established Gravitas Legal back in 2015, I think that was around the same time there was this spurt of new generation law firms. I think that was the time around 2014, 2015 when there were a lot of breakaway firms that started coming through.

The idea at that point in time, our main motivation rather, to start Gravitas Legal, was that we wanted to create something new and something better than what we had seen and what we had experienced. There were things that we wanted to do differently and probably advise differently, probably conduct the business differently, probably administratively we wanted to set up something new and different, probably partnership structure-wise, we wanted to create something new and different. So primary motivations were these. I am extremely thankful for all the people who have, in the past 10 years, worked with us, because each one of them has not only been instrumental in our growth but also has always ended up teaching us something new.

I think the number of people or the newer people that we have worked with, they have kept us grounded in our upbringing also as a firm. Because like I said, in the past 10 years, the practice of law, the practice of law firms, has changed drastically.

The market has changed drastically. There are opportunities like there have never been before. If you are a hardworking, focused person, there are opportunities galore for youngsters. At the same time, there is freedom. And I would also say that the perspective of clients has also changed.

Clients have become very result-oriented, and they also allow the freedom that is required by lawyers and law firms to operate. The advent of so many newer firms actually shows that there is enough institutional work.

There is enough corporate work in the market, and that actually shows the maturity that the Indian clientele is also achieving slowly. Of course, there are foreign clients also, but the Indian client has also matured in that they don’t want to go to the same old lawyers or the same old law firms. So the entire ecosystem has matured quite a bit. As far as my younger colleagues are concerned, younger colleagues or colleagues, my contemporaries are concerned, like I was saying, we are extremely thankful to them that they have spent the time they have spent with us and helped us grow immensely. There are a lot of our ex-colleagues who have now probably moved on and taken new roles in either different law firms or in-house. And actually, when I look back and remember where we all had started from and when I see that time has run so fast and people have grown so much and the growth has been mutual, frankly, that actually shows that perhaps we were doing something right and probably, somehow, slightly, we also contributed to their growth. I would say in that case, more than that position of trust and confidence, I think it was mutual confidence. Like I said, in the past 10 years, there are opportunities galore in the market, and still people trusted us, worked with us, and have been participating in our journey. I’m very thankful for that.

Growing together not only feels good but also helps a law firm grow exponentially. Over the past 10 years, you and your firm have mutually grown, and along the way, you’ve worked on cross-border transactions, joint ventures, corporate law, and M&A, areas very different from what a general counsel usually handles. In today’s environment, where businesses are moving toward sustainable models, how do you see Gravitas Legal progressing in the next 5–10 years, and what plans have you made? While working in such niche fields, how do you identify which strategies work, which don’t, and how do you explain complex issues in simple language for clients who, though corporate, are still human? How do you train your team to do the same, keep everyone grounded despite pressures like money or mental strain, and ensure work is done beautifully, as you have been doing?

Sure. Just concentrating on the first part of your question, considering the various areas of my practice or the firm’s practice, the firm actually practices general corporate, M&A, private equity, venture capital. We have a great and flourishing insolvency and restructuring practice, project finance, and we also do corporate litigation, indirect tax, criminal law. And they have developed, and let me just tell you this, we had started off with in the first instance.

We started off as a boutique project finance law firm at that point in time. And then thereafter, we picked up. I was only 6 or 7 years into the profession when we had started, and I was responsible for building the general corporate and ancillary practices, as I call them. So, general corporate and M&A and PE VC funds, insolvency, restructuring, corporate and litigation strategy, everything came later. We were first a boutique project finance law firm.

When starting off as a project finance law firm and when we saw that this is the only practice area that we are starting off with, our first concentration was on doing what we do best, which was project finance. Soon, when people also realized that now we are independent of any other tag and this is the ship that we are running, people would approach us, clients would approach us with different requirements.

As from a young lawyer’s perspective, yes, you have to learn, you have to study while practicing also, you have to study. I have, despite having started Gravitas, while today it seems that time has flown like anything, it has been a journey which has required a lot of hard work. When you look at building new practice areas constantly, there are also things that you are dealing with for the first time. And practice areas which you have probably earlier not touched upon. There has to be an approach that you have to develop.

It’s like how it goes for any lawyer who is just passing out from a law school and entering this business when they are a complete clean slate. When you start a practice area as a partner also, or rather as a leader at a law firm, the idea is that you should develop first a deeper understanding at your end of what you are dealing with or what you are approaching.

What is that practice area that you want to master? Or rather, you should be able to go out there and say that we can do a major value add to whoever we are supporting in a new practice area. And then building credibility. Yes, organizations and institutions just don’t line up outside your door to give you work.

You have to show them that you can actually perform, and there are a lot of smaller things that you would start with, things that make them gain confidence in you, and they should also be able to give you those opportunities.

So from a young lawyer’s perspective, I would say that yes, these are not the times when you can be completely oblivious to whatever is happening around you. And you can just, you know, like this, you can just go enter your office, do your work, get up and go and live your lives.

But one should be actually looking constantly at developing themselves as a professional. Keep on adding value into your own personality also. And that is what we try to do as a law firm as well. Probably, I would say the trajectories may be different, but the paths are the same ultimately.

So, as far as our clients are concerned, yes, you are right. People are trying to create sustainable business models, and there is a huge concentration now on whether people are able to see you as an ethical business with sound governance models, sustainability models. So institutions, organizations, even smaller startups are also very conscious about this nowadays. And that is the way to go. I think the awareness that is now there, generally in the market regarding certain issues, especially environmental issues, there is a huge push towards creating sustainable models.

When it comes to strategies, I’d like to ask about the base strategy you follow to take care of your own health, mental well-being, and also that of your team. Running a successful law firm obviously comes with pressure and challenges, so how do you overcome those? What kind of practices, trainings, or interactions do you use to ensure that everyone’s mental and physical health is taken care of, with the support and trust you’ve built within the team?

Since the very beginning of my Gravitas Legal journey, or rather since the very beginning of my career, I’ve been very clear that I don’t carry my work home. By that I don’t for a moment mean that I don’t end up working at home sometimes, but I try to not discuss work at home, because if my family tends to get entangled in my work and if I carry my workplace stress home, then the office hours just keep on elongating. So I’ve tried to do that since the very beginning. I try to keep my Saturdays and Sundays very sacrosanct. It’s an effort, it’s an ongoing effort, but I try to ensure that I’m able to find clear me time or my family time on a very regular basis. My rules with my team are very clear that I will only ask you to work if I am working myself. So if I’m not working beyond 6 or 7 in the evening, they can also head home, enjoy life, enjoy whatever time that we can get.

From an organization’s perspective, we try to set up a town hall every month or so, where we can just discuss things. It’s a great way to interact among different offices, and we try to discuss other things generally.

In our town halls, we get to know so much about individuals that we are working with, rather than just the professionals. We found that one of us is a national-level athlete, for example. One of us was a great singer and an instrument player.

So, in order to break the monotony of work, we try and make these efforts. Then we also try that, on a very regular basis, we do one or two youngster-type holidays, where we drive to the mountains and go to very difficult places where there is a lot of adventure and where everybody’s an equal. These are the kinds of things, at least stress busters, that we try to implement at the office. Generally also, we try to keep a very calm and casual environment in the office where people don’t feel over-pressurized. There is always pressure, there is always stress in the practice of law.

There is no doubt about it, but at the same time these are the efforts that we try to make, and it’s a constant effort again, because times keep changing. There are a few months when there is no breathing space at all and there is constant struggle, there is no clock.

Things like those happen, but then we try to manage our work well, and we try and find as much time as individuals also in our own lives.

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