Sir, you’ve built an impressive and diverse practice, spanning corporate, commercial, and dispute resolution matters. What inspired you to establish your own firm, and what has been the most defining challenge in leading it?
The decision to establish my own firm was born out of a deep conviction that law should be practised with independence, integrity, and an unwavering focus on client trust. I always envisioned creating a practice that was not only about providing legal advice but also about becoming a trusted partner in my clients’ journeys, helping them navigate complexities with clarity and confidence. This dream was not easy to pursue—it meant stepping out of my comfort zone, taking risks, and proving myself in a market already dominated by established players and multi-generational professionals.
The most defining challenge was earning credibility in those initial years. With limited resources and no big name to lean on, every client I secured was through persistence, sleepless nights, and consistent delivery of results. It was a struggle marked by countless rejections, long hours, and sacrifices. Yet, these challenges shaped me into the professional I am today—resilient, determined, and deeply committed to excellence.
You dropped out of Chartered Accountancy after giving 4 good years to it before pursuing law. What motivated you to transition into law, and how has your strong commerce background shaped your perspective and strategy in handling complex commercial disputes?
Dropping out of Chartered Accountancy (CA) was a nightmare for my family. After giving 4 long years pursuing CA, one fine day I decided that my calling is into Dispute Resolution and the very fact of appearing in court, preparing arguments and representing the other side of the dispute motivated me to transition into law. Accountancy background gave me a strong foundation in numbers, corporate structures, and financial regulations, but I realised early on that the “why” behind every transaction lay in the law. I wanted to go beyond balance sheets and immerse myself in the world of contracts, disputes, and advocacy, where strategy and persuasion could alter outcomes. The transition was not easy, but it felt natural. I was drawn to the dynamic nature of legal practice, where every case presented a new challenge and an opportunity to make an impact.
My commerce background has been invaluable in my legal career, and pursuing one of the toughest accountancy courses prepared me for the hard work that is required in the legal profession. It allows me to see disputes not just as legal problems but as business realities. When handling complex commercial matters, I can dissect financial nuances while aligning them with legal strategy. This dual perspective gives me an edge in cross-border disputes, shareholder conflicts, and regulatory advisory, where understanding the commercial heartbeat is as crucial as the legal framework.
In the early phase of your career, which experiences were most formative in laying the foundation of your practice, and what advice would you offer to students who are in that phase?
The early phase of my career was defined by struggle, humility, and relentless hard work. I vividly recall handling matters that brought in little financial reward but demanded every ounce of preparation and commitment. Those small victories—whether drafting pleadings late into the night or representing clients who had no one else to stand for them—taught me the real meaning of responsibility and the power of trust people place in their lawyer.
To students, my advice is simple: there is no shortcut to success, and neither is there any alternative to hard work. Never cheat your client and always be honest. Believe in yourself, focus on building your skills and resilience in the early years, rather than chasing titles or monetary gains. The foundations you build now: discipline, diligence, and the ability to think critically, will carry you throughout your career.
This profession rewards patience and persistence far more than instant success.
As an empanelled attorney for multiple foreign consulates and high commissions, you handle roles that require immense precision and discretion. How do you balance these legal nuances, and what challenges have you encountered in representing such esteemed clients?
Being empanelled with a few of the foreign consulates, high commissions, and foreign missions in India itself is an honour and privilege, as very few practising advocates and firms get this opportunity and not all. Representing NRI clients in their legal disputes itself is challenging and a responsibility that goes beyond routine practice. Every communication, every piece of advice, has to be meticulously crafted, knowing that the stakes often extend beyond the client to international relations and reputation.
The greatest challenge has been balancing urgency with accuracy. Foreign clients and NRIs operate on strict timelines, and there is no room for error. I have often worked overnight to deliver outcomes that meet both the legal requirements and the client expectations. These experiences, though demanding, have shaped my ability to remain calm under pressure and deliver with unwavering focus.
Having made significant contributions to dispute resolution and commercial law, what emerging trends do you foresee in cross-border disputes and arbitration involving Indian companies over the next five years?
In the coming years, I foresee arbitration becoming the preferred mode of dispute resolution for Indian companies engaged in cross-border business. The global push for speed and enforceability, coupled with India’s growing recognition as an arbitration hub, will make this trend even stronger. I also anticipate a rise in disputes around technology, data, and e-commerce as businesses continue to expand into digital markets.
Another trend will be the increasing need for companies to become contract-conscious. Too often, businesses treat contracts as formalities rather than safeguards. In cross-border contexts, this can be catastrophic. The future belongs to companies that proactively manage risks, draft robust agreements, and embrace arbitration as a tool to secure their interests.
Your commitment to legal education through judging moot courts and client counselling competitions is commendable. Which skills do you believe law students should prioritise to stay future-ready and uphold the high standards expected in today’s profession?
The profession today demands much more than just knowledge of statutes. The most future-ready lawyers will be those who can think critically, research deeply, and communicate with clarity. In a world where technology is advancing rapidly, adaptability and tech-savviness will be key. Students must be prepared to embrace new fields such as fintech, AI, and compliance law, while still mastering the fundamentals of litigation and arbitration.
Above all, integrity is the cornerstone of this profession. Skills can evolve and be learned, but values remain constant. A lawyer who is trusted for their honesty, dedication and commitment will always stand apart, regardless of the changes the profession undergoes.
Looking back at your career, could you share one of the most challenging cases you’ve handled so far? What were the key complexities involved, and how did you navigate them?
One of the most challenging cases I have handled in my career involved a transnational child custody dispute, where I was appointed by a City Council in the UK to represent the interests of a 14-month-old child who was placed under foster care. The case was uniquely sensitive—not only did it involve intricate questions of international jurisdiction and child welfare, but it also carried an immense emotional weight. My role was to secure an interim order for the safe transit of the child to India, which required balancing legal precision with humanitarian urgency.
Convincing the District Court of First Instance to hear the matter on an urgent basis was no easy task. The odds were against us—procedural hurdles, the complexity of cross-border custody laws, and the natural caution courts exercise in such delicate matters. I vividly recall preparing the case under extraordinary time pressure, knowing that every moment’s delay had real-life consequences for a child’s future. The hearing was conducted on a working day between Diwali and the New Year, a period when courts are generally overburdened, which added another layer of difficulty.
What made this matter truly defining was the responsibility it placed on me—not just as a lawyer, but as a human being. I had to persuade the court that this was not just another legal dispute but an urgent humanitarian concern that required immediate judicial intervention. Ultimately, the case taught me that persistence, empathy, and the ability to rise above procedural roadblocks are what define a lawyer in moments of true challenge. It remains etched in my memory as a reminder of why I chose this profession—to make a tangible difference when it matters the most.
As a registered trademarks attorney, your expertise in intellectual property is widely recognised. How do you see IP laws evolving in India and globally, and what guidance would you give students aspiring to excel in this dynamic field, both in terms of skills and professional values?
Intellectual property is one of the most dynamic areas of law today, both in India and globally. With the rise of digital markets, I foresee stronger frameworks for online infringement, greater protection of trade secrets, and increasing international harmonisation of IP laws. India, too, is rapidly maturing in this space, and the opportunities for young professionals are immense.
For students aspiring to specialise in IP, my advice is to go beyond statutes and cultivate an understanding of industries like technology, pharmaceuticals, and media. IP law is about protecting innovation, and one cannot protect what one does not understand. At the same time, cultivate patience and precision—IP is often a long game where persistence and values matter as much as knowledge. Read landmark judgments on IP laws and get a hold of the principles decided by the courts in such judgments.
Reflecting on your journey from studying law at Gujarat University to becoming a trusted advisor for consulates and leading corporates, you’ve taken on highly varied and demanding roles. How do you balance these professional responsibilities while maintaining your personal life and well-being?
Balancing professional responsibilities with personal life has been one of my greatest struggles. In the early years, work consumed every waking hour, and personal time was a luxury I could not afford. But over time, I realised that sustainability in this profession requires more than just hard work—it requires balance, discipline, and self-care.
Today, I consciously prioritise three things: utmost discipline in managing my time, delegation to empower my team, and detachment to ensure I don’t carry every professional battle home. My family has been my strongest anchor, reminding me of the importance of perspective. At the end of the day, success has meaning only when it is achieved without losing oneself in the process.
Your doctoral research focuses on economic frauds with special reference to the Maharashtra Protection of Interest of Depositors Act, 1999 (MPID). How has your academic background in commerce, finance, and corporate law influenced your understanding of white-collar crimes? Could you also highlight some key gaps or challenges you’ve identified in the enforcement of the MPID Act during your research?
My academic background in commerce, finance, and corporate law has helped me develop the way I think about economic offences. Once you have grasped the mechanics of finance and corporate structures, it is easier to understand how the system is exploited.
During my research on the MPID Act, one challenge I have consistently noticed is that while the legislation is well-intentioned and aimed at protecting depositors, its enforcement often struggles because of delays in attachment and prosecution. Many times, by the time the authorities act and pursue the offender, the trail has already grown cold and recovery is nearly impossible. Another gap is the edges of enforcement and conflict of central legislation as PMLA, Companies Act, SEBI laws and the MPID Act being a state level enforcement, and derails any sense of priority in jurisdiction or proceedings.
The Act is strong, but sometimes its effectiveness can be compromised in practice through procedural delays, poor agency coordination, and attempts to strike a balance between depositors’ protection and the rights of bona fide third parties. This is where I see a need for more extensive reform and clarification.
You have handled several high-profile and complex criminal defence cases involving multi-crore corporate frauds and GST evasion. Could you share one particularly challenging case experience and how you strategized your way through it?
Certainly! One case that comes to my mind right now involved a large corporate fraud and GST evasion worth several crores – and it was particularly significant as it was one of the first arrests in Maharashtra specifically for fraudulent availment of input tax credit, but more than the amount, it was the structure of the operation that made it really demanding for me. It was a well-orchestrated network of multiple shell companies, benami directors, and several documents that had been carefully planned to appear legitimate. By the time I stepped in, the arrest had already been made.
From the remand hearing stage itself, I appeared for the accused and continued representing them through the entire process until we successfully secured bail.
We also highlighted violations of procedural safeguards under the CGST and MGST provisions. Beside this, we took help from an independent forensic accountant who examined the financial transactions. Our goal from the beginning was to show that these were not necessarily fraudulent movements of money, but could also be read as genuine business activity with commercial rationale.
You successfully defended clients in a multi-crore Bitcoin scam case, an area where financial fraud converges with evolving technologies. With the advent of the new Digital Personal Data Protection (DPDP) rules, how do you see defence strategies evolving in cases involving cryptocurrencies and digital financial crimes?
Yes, I have defended some clients in Bitcoin scam cases, including matters related to one of India’s biggest cryptocurrency frauds, the GainBitcoin scam case. This was a massive Rs 6,600 crore Ponzi scheme that was allegedly masterminded by Amit Bhardwaj and his brother Ajay Bhardwaj, and it really opened my eyes to how technology and financial laws are starting to collide. Because of the introduction of the new Digital Personal Data Protection Act, I think defence strategies are going to change in very different ways.
I appeared for my clients from the remand stage itself and continued through the entire process until we secured bail.
For one, we now have a solid legal basis to question how agencies are handling personal digital data, how it’s collected, stored, shared. In crypto cases, most of the evidence is digital, so if investigators skip steps or mishandle that data, we can raise serious doubts in court. Earlier, we didn’t have a clear law backing that argument, now we do.
Also, cryptocurrency in India still sits in a grey area. It’s taxed, monitored under money laundering laws, but still not officially recognised as currency. And this confusion gives us room to argue that our clients were operating within what was legally understood at the time, even if the law was unclear.
As part of your professional and social commitment, you’ve provided pro bono legal aid to under-trial prisoners and represented numerous indigent accused across Maharashtra’s trial courts. What systemic barriers have you observed in ensuring fair representation for under-trials, and how can the legal fraternity work towards making justice more accessible for marginalized communities?
Working in trial courts across Maharashtra and providing pro bono aid to under-trials has helped me understand how the system functions on the ground. One of the biggest issues, I would like to share, is the absolute lack of legal aid lawyers compared to the number of under-trial prisoners(UTP). Most legal aid lawyers, I know, are handling 200+ cases at once, that’s why it’s not surprising that many under-trials meet their lawyers for the first time in court. There’s no time for proper case prep, and that really affects the outcome in my perspective.
Let me share two specific cases that highlight these challenges. I appeared for an accused in a case punishable under Section 328 IPC and other relevant sections, who had been in jail for five years. While I successfully secured his bail, he didn’t have the financial condition to furnish the surety. The only viable option was to file a discharge application, which I presented before the Baramati District Court, and the court was pleased to discharge the accused from the case.
In another case, I represented a person charged under Section 302 IPC who was languishing in jail for six years. I conducted the entire trial, and he was ultimately acquitted by the Pune District Court. These cases show how prolonged incarceration affects the most vulnerable.
Even when bail is granted, release gets delayed, sometimes for weeks or months, just because of delayed paperwork and sometimes, miscommunication between courts and jails. I have seen people stay behind bars for months after getting bail, which is truly heart-breaking. Add to that the language barriers, missing documents, and financial struggles, and you have got people stuck in the system with no help.
If you ask me about my opinion, then I would suggest that we need more trained legal aid lawyers, regular jail visits, digital tools to track cases, and also we need to make communities aware about their basic legal rights. If we, as lawyers, law students, bar associations, and NGOs, come together and build a more connected, grassroots-level support system, it can make a big difference.
You have authored several papers and conducted numerous lectures and seminars. In your view, what role does academic writing and legal scholarship play in shaping legal practice? What advice would you offer to young legal professionals looking to contribute to this space?
For me, academic writing has played a meaningful role in connecting and relating legal theory with day-to-day practice. With the help of writing and research, I have been able to step back from the routine of litigation and examine the different patterns and challenges within the legal system. Well-reasoned legal scholarship usually finds its way into judgments, reforms, and legal education, and I have seen how it can directly influence how the law is interpreted and applied.
To all the young professionals, I would recommend starting with small, focused pieces, perhaps a case law or analysis of a recent development in your area of practice. Choose topics that reflect current legal challenges or procedural issues you observe in court. Try to show your practical experience with the help of your writing. Engage with ongoing academic conversations, attend seminars, and collaborate with others in the field. Writing regularly with purpose sharpens your thinking and builds your skills.
You’ve appeared as counsel across various jurisdictions, including trial courts and the Bombay High Court, and have assisted in representing prominent politicians, bureaucrats, and celebrities. In the initial phases, what were the endearing experiences that laid the foundation to your practice?
In the early years, what really changed me was the time I spent observing and working with senior advocates at the Bombay High Court. Watching them argue, handle the pressure, and understand tough situations have taught me more than any class or lecture ever could. I was fortunate to assist in matters that ranged from bail to high-stakes commercial disputes, and that variety gave me a good solid base to start my own practice.
I still remember my first proper argument in court, it was a small matter, but for me, it was a big moment. The judge asked a tough question, and while I fumbled a bit, I also learned how to hold my ground. Those moments, when you get knocked a little and then find your footing, are mostly the ones that stay with you.
Working with senior counsel also taught me how much court preparation matters. And when I started assisting in high-profile matters, I realised a new thing about managing the expectations of well-known clients, is a skill in itself.
Looking back, it was those early experiences, good and tough, that gave me both clarity and confidence. They still guide me on how I approach my cases today.
Looking back at your robust and diverse career, what inspired you to pursue law? What was your original vision, and how has that evolved over time? What are your aspirations going forward?
To be honest, law was not always the plan. Coming from a family business in finance and share broking, I was naturally exposed to the financial world from an early age. I even pursued an MBA in Finance, thinking I would follow that path. However, my interest in law kept growing stronger than anything else.
I didn’t grow up with the idea of becoming a lawyer; it came more from curiosity and also with a need to find something that combined structure with impact. Over time, I realised how powerful the law could be in changing lives and solving problems. That’s when it became more than a profession and started feeling like a purpose.
My early vision was probably moulded by the usual excitement of arguing in court, but as I started handling cases, my understanding of the law grew more. I began to see it less as a tool to win arguments and more as a way to balance justice.
Now, my focus is on deepening that expertise, working on policy-heavy cases, white-collar crimes, and contributing to the law around data and tech laws. I also work on the corporate advisory side. A major part of my corporate practice involves drafting and negotiating commercial agreements, including non-disclosure agreements. I regularly advise companies on confidentiality matters and information security protocols that align with both legal requirements and business objectives.
This dual exposure has helped me a lot in understanding how preparation and preventive corporate advisory go hand in hand.
In the future I would like to build a practice that will represent and also educate, mentor to create awareness about legal reform. The law is always evolving, and I want to keep evolving with it.
What advice would you give to law students and young professionals hoping to build a career in economic offenses and financial crime litigation? Is there a particular roadmap or mindset you’d recommend to help them stay ahead in this rapidly evolving space?
Economic offences are really wide, which makes it hard to grasp it all at once. If your goal is to start a practice focused on economic offences and financial crime litigation, I would suggest learning as much as you can about financial systems and how they actually work. This area is much more about understanding how money travels in the economy and how the regulators generally think. So, alongside your legal studies, make sure you have spent time on basic accounting, and the financial regulations.
In your early years, try to work alongside lawyers, or firms dealing with white-collar crime, with the ED or CBI issues, and with cases of corporate fraud. Try to watch closely how investigations are conducted, and how documentation is compiled, the process of taking statements, and how enforcement agencies operate. This will give you an initial understanding of the concept.
Given the high-stakes and often intense nature of litigation, how do you maintain your composure in stressful situations? What practices help you manage pressure while also taking care of your mental well-being? Litigation matters are intensive, long hours, and involve tight timelines, high stakes. It’s very easy to lose your balance if you don’t actively protect it. With time, I have learnt that managing pressure means building the capacity to carry stress without letting it overwhelm you.
I maintain a strict routine of one hour of meditation and one hour at the gym daily. This combination has become non-negotiable for me, regardless of how demanding my case load gets. I have also become very mindful of boundaries. I have stopped glorifying all-nighters. I delegate when I need to, I disconnect when I must.
Law can really push you. If you don’t pace yourself, you’ll burn out before you build anything that lasts.
What prompted you to do Law? and then, what prompted you to move to corporate law? And at the end in the whole journey. What made you establish Agama Law associates?
The question of why law has always intrigued me, dating back to a remarkably early age of around 12 or 13. At that point, my understanding of the legal field was limited, and there were no familial ties to the profession. Nevertheless, something about law captivated me deeply. As a voracious reader during my childhood, I found the prospect of a career where continuous learning was inherent and extended throughout one’s professional life to be highly appealing.
The realization that law touches every aspect of life dawned on me as I grew older. Unlike professions such as medicine, pharma, or engineering, which often specialize in a single domain, the legal profession offers a unique insight into multiple facets of life. Whether practicing medical law, which requires a profound understanding of medicine, or delving into criminal law, where a high understanding of criminal psychology is crucial, the multifaceted nature of law continues to be a source of excitement.
Moreover, my enthusiasm for law extends to the generalist role I currently embrace. In a landscape where specialization is often emphasized, my passion lies in exploring diverse areas of law. This inclination was evident from an early stage, a decision supported by my father. This generalist approach allows me to navigate through various legal territories and maintain a broad perspective, which I find both stimulating and fulfilling.
Reflecting on my journey, the inception of my legal career was marked by this passion and a commitment to continuous learning. It’s a journey that has been shaped by a love for reading, an excitement for the multifaceted nature of law, and a deliberate choice to remain a generalist in a world that often leans towards specialization.
My legal journey commenced under the mentor-ship of a senior counsel, renowned as the leading shipping lawyer in the country at that time. The realm of shipping law was exceptionally thrilling and lucrative, akin to a gold mine in the legal landscape. Although disputes were relatively scarce due to the industry’s prosperity, my exposure was comprehensive. From witnessing ship arrests to navigating shipbuilding contracts, the experience was enlightening. As junior members in a senior’s office, understanding the intricacies of queuing matters and gauging the dynamics of working alongside a seasoned professional fueled my desire to explore beyond the apparent tip of the iceberg.
Subsequently, my journey led me to a solicitor setup, where the practice encompassed both litigation and non-litigation matters. This phase afforded me a diverse range of experiences, delving into project finance and mergers and acquisitions (M&A). Engaging in IPO-related work and handling white-collar matters in the court provided a well-rounded exposure. Frequenting both Criminal Court and the High Court for writ petitions enriched my understanding of legal processes.
Transitioning to a role at AZB marked a grounding experience, characterized by the demanding quality of work and the competitiveness inherent in the firm’s culture. The challenges posed in managing time constraints and a myriad of responsibilities served as a valuable learning curve. This stint prompted a process of unlearning certain approaches, fostering personal and professional growth.
My inclination towards connecting with people on an individual level led to the establishment of Agama. Originating in a single room, this venture symbolizes my quest to reach out independently and make a tangible impact. The journey, from the initial mentorship in shipping law to navigating diverse legal landscapes, has been characterized by continuous learning, adaptation, and the pursuit of meaningful connections.
Your experience spans various sectors, from manufacturing to healthcare. Is there a specific industry that you find particularly intriguing or challenging, and why? And how do you break the boundaries and enter that challenge, because this is for the ones who are entering this amazing field of law as you mentioned.
For lawyers, such as myself, who adopt an industry-agnostic approach, the legal landscape presents a diverse and expansive canvas. Personally, I’ve been fortunate to accumulate a wealth of varied experiences across different sectors. Among the most dynamic and engaging areas of law today is the realm of general corporate law.
Within general corporate law, several sectors stand out as particularly exciting. One such burgeoning industry is logistics, encompassing a spectrum of aspects, from real estate to road and vehicle-related laws. The logistics industry has witnessed remarkable growth, with emerging players like micro-mobility companies and port operators contributing to its dynamism. Advising clients in this field involves addressing a wide range of issues, including labor matters, especially those with an IT-centric focus. Additionally, logistics offers opportunities to provide counsel on data protection and navigate complex cross-border challenges. The sector also presents instances of high-quality arbitration, especially concerning transport, customs, and international trade.
Another compelling and niche area that is currently witnessing the development of legal jurisprudence is the regulatory framework surrounding renewable energy. In this domain, there are relatively few lawyers in the country specializing in this evolving field. Personally, I have been privileged to work on projects related to renewable energy, particularly in assisting a client in setting up solar farms in India. This experience has spanned a broad spectrum, involving M&A, regulatory compliance, and labor issues, making it a truly comprehensive and rewarding endeavor over the past one and a half years.
In the context of fostering growth and cultivating relationships with clients, particularly within the framework of your own firm, could you share insights into how you went about establishing these connections? What strategies did you employ when encountering unfamiliar individuals whom you identified as potential valuable clients for your firm? Additionally, could you elaborate on the foundational values that guided your approach in engaging with clients and ultimately contributed to the development and current standing of your firm?
The foundation of any long term relationship lies in unwavering mutual trust and mutual value addition. For us, as lawyers, trust is given where we uncomplicate. If businesses can trust us to unwind the complexity in a stressful situation, as fast as possible, instead of taking them deeper down the web of intricacy – we have justified our existence. Navigating the intricacies of being a good lawyer revolves around a crucial ability: the aptitude to unravel complex problems and present them in simplistic terms, particularly from the client’s perspective. The foremost skill lies in understanding the client’s desires, pinpointing their current pain points, and crafting viable solutions.
Some of the most renowned lawyers often exhibit this proficiency, breaking down intricate legal matters into comprehensible points for their clients. The challenge arises from the fact that clients may express their problems differently due to a lack of legal understanding. Lawyers need to bridge this gap by deciphering the true legal issues beneath the client’s articulated concerns.
Ultimately, being an effective lawyer hinges on a clear comprehension of what the client wants, an astute understanding of their present challenges, and the ability to provide feasible solutions. The task extends beyond legal expertise, requiring effective communication and translation of legal intricacies into practical and accessible terms for the client.
Certainly, the process involves two distinct facets: understanding clients and acquiring clients. Acquiring clients, relatively, is the more manageable aspect. It often necessitates showcasing one’s abilities, effectively communicating in the client’s language, and establishing a level of comfort that encourages collaboration.
In the contemporary legal landscape, companies tend to engage with multiple legal professionals for diverse needs, disrupting the traditional model where a single firm handled all legal matters. As a result, lawyers need to adapt to this shift and recognize that not every point of contact transforms into a client. Identifying whether a client is attainable, either from the client’s perspective or the lawyer’s, is a nuanced evaluation.
Understanding clients, on the other hand, delves into the core of their challenges and aspirations. It involves deciphering the key issues they face and determining whether the proposed legal solutions align with their objectives. The crux lies in comprehending what the client aims to achieve and guiding them toward feasible solutions. This task stands out as the most intricate part of the process.
While legal documentation and transaction structuring are essential components, they primarily serve as logistical elements. However the foundational value is to get at the core of what a business needs but is not able to put into words. The value is also to minimize logistical efforts, and hence costs, as far as dispensable without compromising on risk-protection. The true essence lies in grasping whether our efforts effectively contribute to realizing the client’s goals. Therefore, the key to success in the legal profession lies in the nuanced understanding of both acquiring and understanding clients, ensuring that legal services align with and contribute to the client’s desired outcomes.
Could you elaborate on how you navigate the delicate balance between intricate legal nuances and the broader business context when serving in an advisory role? Specifically, when recommending clients to others, how do you manage this equilibrium, considering that clients hold the reins in decision-making, and advisory services revolve around facilitating their processes and needs?
As an advisor, I have an obligation to multiple coordination points – the individual seeking advice, the organization the individual is representing, and then the criticalities that both the representing individual as well as the organizational governance may not have full awareness or understanding of and may not have planned to address, yet. It’s crucial to align these aspects. For instance, a client might approach us for a lease agreement, but upon deeper discussion, we may discover they lack essential commercial terms. In such cases, our role evolves beyond legal drafting, extending to advising on business risks and strategic decisions.
While some clients seek legal interpretations, others welcome comprehensive business advice. The distinction lies in understanding their specific needs. Some engagements involve academic legal exercises, while others delve into strategic business decisions. Being part of this decision-making process is equally enjoyable for us.
As an advisor, the key is intuitive understanding—discerning whether clients merely seek legal input or require a deeper exploration of their business context. This process takes time and builds on familiarity, similar to understanding friends. Ultimately, aligning with clients’ objectives is paramount in offering effective advisory services.
Your focus on process-driven risk management systems for startups is noteworthy. What key principles do you believe are crucial for startups to establish a sustainable foundation in terms of legal compliance?
Sustainable business foundations would involve managing foresight and mapping the pie that a business is trying to negotiate for itself, well in advance. In the sharply agile market that we are witnessing in all sectors thanks to tech advancement and artificial intelligence, a business that desires to sustain itself for any amount of term that is markable, the bare minimum requirement is to cover for risks and obligations that will flow much in advance. Mature entrepreneurs have that foresight to an extent, but fledgling start ups don’t. This is where our experience – and the systems and in-built processes that has led to within our advice – comes in.
When startups seek advice, we often encounter two distinct types. Firstly, there are mature entrepreneurs who have prior experience in the field and are advancing their ventures. Dealing with them is relatively straightforward as they possess a solid understanding of the workings, time-frames, and compliance risks. They proactively ask the necessary questions, making the consultation process smoother.
On the other hand, there’s a different category of startups – those with innovative products or disruptive ideas seeking funding and eager to establish and run their systems. Handling these startups requires a unique approach. With mature entrepreneurs, conversations can delve into advanced levels, as they are already aware of the eventual need for compliance. In such cases, simplifying their journey is achievable by providing checklists and connecting them with essential professionals like company secretaries and chartered accountants. We have a well-established network of professionals with whom we collaborate, facilitating these connections.
For the latter type of startups, there is a need for a more persuasive approach. Convincing them of the importance of compliance is crucial. As legal advisors, our role primarily involves guiding them on compliance requirements rather than directly handling compliance matters. By effectively communicating the necessity of adherence to regulations, we aim to bridge this understanding gap and help them navigate the intricacies of legal compliance. Ensuring success in the startup landscape today is imperative, especially considering the vast reach of the Internet. I recently came across an intriguing insight in a doctor’s room that resonates with this—suggesting that if you trust Google for health advice, you might as well ask Google to cure you. In today’s digital age, startups often grapple with misconceptions, and my role involves investing time upfront to dispel any misinformation and guide them in understanding the landscape.
One key area I find crucial is steering startups towards sustainable investments. Beyond mere compliance, many startups, in their early stages, inadvertently sacrifice significant equity and rights. The true victory, in my perspective, lies in assisting startups to secure sustainable investments that will propel the company forward without compromising its core interests. This involves strategic steps to avoid pitfalls and foster the company’s long-term growth.
In my experience, every startup journey unveils distinct challenges and perspectives, which continually enriches my understanding of the dynamic startup ecosystem. It’s fascinating to approach each situation with an open mind, as the nuances and intricacies vary, offering fresh perspectives and learning’s with every new collaboration.
Mergers and Acquisitions form a significant part of your practice. Could you share a memorable experience or deal that posed unique challenges and how you navigated through them?
The turning point in my approach to M&A came when as part of one deal, I had said a big unequivocal “No” on behalf of our clients to one of the deal terms. The counter-party, a significant figure in a large group, was humble and kind enough to not come back aggressively to that position but encourage a dialogue. Which is when it really sunk in how much more are we as “facilitators” instead of hurdles, on deal making, as lawyers. And the art of negotiation is something we can’t ever have honed enough – there’s always some new interpersonal aspect to learn about. Despite his stature, he was kind and humble, encouraging a dialogue to resolve the issue. Such experiences reshape one’s perspective, emphasizing the importance of effective negotiation. Therefore,, when it comes to mergers, the crux, for me, lies in negotiations. This has been the most significant learning for me over the past decade. Working with an entire team provides a certain level of comfort due to the presence of seniors and super seniors. However, the true learning comes from actively negotiating a transaction and seeing it through, which I believe is a crucial skill for lawyers. My advice to young professionals is to actively seek opportunities where they can lead or negotiate transactions rather than being a part of a larger team.
In our practice, we have instilled this philosophy from the beginning. Regardless of their seniority, all associates are encouraged to actively participate in negotiations and discussions. This exposure ensures that they grasp the context of the deal and understand the dynamics involving clients and counter-parties.
One challenge in today’s M&A landscape is the post-deal closures, especially in mergers. While closing the deal itself is significant, the groundwork post-merger is equally crucial. Nowadays, many companies handle this in-house or enlist the help of consultants, making it essential for lawyers to understand the entire process.
Lastly, for young professionals aspiring to excel in M&A, I recommend dedicating effort to understanding the regulatory landscape. Regulatory filings, particularly under the Competition Act, offer a unique perspective. Arguing why a particular combination is not detrimental to competition provides valuable exposure that significantly enhances one’s understanding of M&A in the Indian legal context. If time permits, M&A is an excellent avenue for learning the diverse facets of law.
Your contributions to various publications and your recognition as a thought leader reflect your commitment to sharing insights. What motivates you to contribute, and how do you stay ahead in an ever-evolving legal and business landscape?
Lawyers often claim they don’t read enough due to the fast-paced nature of the legal landscape. However, staying ahead requires continuous reading, networking, and engaging with the legal community. Isolation isn’t conducive to legal work; interacting with peers, meeting business professionals, and fraternizing with others are essential for effective practice.
In terms of recognitions, accolades, and awards, one values recognition for their writing. Encouraging everyone in the company to write, regardless of seniority, expands minds and provides a broader perspective. Writing on various subjects not only benefits the company but also enhances the individual’s understanding of the overall legal landscape. It is most satisfying being approached for stories on POSH and labor-specific law over the past ten years by leading magazines. This recognition, despite not being a senior labor lawyer, is particularly meaningful.
It would do well to acknowledge the significance of industry magazines and editorial efforts, such as IBLJ, for recognizing lawyers. This recognition makes younger lawyers feel like a vital part of the legal community and boosts morale, especially when attempting to create something parallel to established setups. The credit goes to those in editorial roles who contribute to highlighting the achievements and perspectives of lawyers outside the traditional legal hierarchy.
Your recognition as a finalist for “Woman Lawyer of the Year 2023” and other prestigious awards is impressive. How do such recognitions impact your approach to your work, and what advice do you have for young lawyers aspiring to make a mark in the legal field?
Personally, every morning when I wake up, the motivating factor is knowing that clients rely on me. There’s nothing more inspiring than the realization that I can contribute to their businesses. Additionally, my team is waiting for me each day, and our discussions about ongoing issues drive me to be there for them as we work to advise clients. It’s a dynamic mix of client needs and team collaboration that fuels my motivation.
Speaking of recognition’s, it’s a relatively recent trend. When we left law school, there weren’t as many accolades for lawyers. While I value these recognition’s and they undoubtedly make one feel good (who wouldn’t want to be called a top lawyer in the country?), it’s crucial for young professionals to understand the importance of building their CVs continuously. Every task, from writing an article to advising a client, should be documented. Keeping a record of your learning experiences allows for recollection when needed, whether for award submissions or networking. This proactive approach helps people remember you, and at our firm, we ensure everyone records and reflects on their work regularly. It’s about considering what could have been done better, what went right, what went wrong, and identifying areas for improvement. In the fast-paced world, reflective practices might not always be feasible, but being mindful of this can significantly contribute to personal and professional growth, fostering a sense of pride and accomplishment.
In an era of increasing data concerns, you’ve been actively involved in data protection agreements. How do you assist clients, especially those in software creation, in navigating data protection compliance and mitigating associated risks?
In today’s globalized business landscape, privacy has become a crucial factor due to the vast amount of data available to businesses. The handling of data is emerging as a key cost-driving factor, influencing how companies operate. For instance, there is a shift towards keeping data within specific geographical boundaries, like storing Indian data in India and EU data in the EU, driven by government directives, especially in developed countries. While some governments mandate these practices, in India, it’s often seen more as a compliance requirement.
Our approach to reviewing data protection agreements or privacy documents varies based on the client. With Indian clients, we emphasize the need for compliance, advising against drafting anything they can’t adhere to or might require additional funds for compliance. Privacy is considered non-negotiable, and non-compliance, especially for European clients, can result in significant fines. We often assist clients dealing with European parties but processing data in India, guiding them through transfer impact assessments to ensure compliance.
The introduction of the Data Protection Act (DPA) is expected to enhance the infrastructure for protecting citizens’ privacy. However, we acknowledge that the existing Information Technology Act and rules, if implemented effectively, could serve a similar purpose. Enforcement, though, remains a challenge due to the complexity of procedures, such as involving the cyber cell or the legal system. With the DPA, many principles are being codified into law, reflecting legislative intent. While this might not drastically alter the groundwork for companies, it does offer more avenues for data subjects to seek enforcement.
Beyond your professional achievements, what personal interests or activities contribute to your growth and well-being outside the legal realm?
I believe, like many lawyers, I do face challenges when it comes to taking care of my health. I wish I could prioritize my well-being more and achieve a better balance. However, what takes up the majority of my time is my family, as we have a fairly large one. Balancing work and family is a constant challenge, but we make efforts to promote healthier eating habits within our family.
For me, mental well-being is crucial, considering the demands of the legal profession. Small things at home can become sources of stress, so learning to switch off when at work and using tools like reminders helps manage personal commitments. Technology, in this sense, plays a significant role in helping me stay organized, reminding me of tasks such as buying a gift for my son.
While it’s challenging, I’ve learned to establish boundaries between work and home life. Despite the difficulty in today’s fast-paced world, I make an effort not to work when I’m at home. Being part of a family of professionals, with my husband also being a lawyer, helps create routines that prioritize family time, especially on weekends.
Achieving this balance is different for everyone, and I acknowledge that it’s not an easy task. Personally, I wish I could find more time to read nonfiction, as I used to read several books a year, and now finding time for even one or two is a challenge. However, it remains something I’d love to prioritize in the future.
Could you please tell us how you ended up pursuing a career in law? Was it something you always aspired to do, or did you discover your interest in the field later on?
Initially I was very interested and curious about matters relating to science. I passed out of school with the aptitude of pursuing science and research. Long story short, after graduating with a BSc(Hons) Degree I happened to visit law firms with my father for a few of his professional matters. The intrigue of a law firm and the challenge of each assignment attracted me towards the legal profession and I decided to pursue a career in law.
Were there any specific events, experiences, or individuals that played a significant role in shaping your decision to pursue law as a career?
The decision to pursue law as a career was in particular largely influenced by my Late father, Bireswar Chatterjee and my father figure Late Dinabandhu Mandal, who was the Senior most partner at Fox & Mandal. While my father was always confident that the legal profession was to be my destiny, Late Dinabandhu Mandal came across in my life as a Godman and unparalleled goliath who I was in awe of since the very first day. A larger than life figure who was respected by all around. Once embraced by him into the legal profession I could only be on the path he showed.
Could you share with us your educational journey and the steps you took to become a lawyer? What were some of the challenges you faced during this process?
My educational journey started with Lamartiniere, Kolkata. I was always keen to be on the sports field and tried by hand and foot at Cricket, Football, Hockey and Athletics. This was the most important part of learning at Lamartiniere. I learnt to live life, enjoy, struggle, fight, compete, laugh, cry and make friends through extra curriculars in this institution. Studying was the next part. I completed my class 12 with an ISC degree and went on to complete my graduation with Bsc (Hons) from Scottish Church College. Lamartiniere however always stayed in my soul and continues till date. After graduating I met my Godman, Late Dinabandhu Mandal on a career defining day and decided to pursue legal studies from Hooghly Mohsin College which was offering a 3 year law course to graduates. So much was the passion then, I decided to join Fox & Mandal in my first year of law itself as a half day intern and used to slowly learn the practical application of law and study case files under the guidance of Seniors in the firm and the magnanimous shadow of Late Dinabandhu Mandal. Though Late Dinabandhu Mandal is no more, there will be no one quite like him in the firm and the legal fraternity for a very long time. The challenge was to make a mark in this legal arena which had very little room for first generation novices. I was also told by a few during those days as to why I was here in this legal profession at all and that I should move towards other pastures or perish. It was demotivating and depressing on occasions but I survived.
What were your early experiences like as a law professional? Could you highlight some key milestones or memorable moments that helped shape your career trajectory?
Just like any lawyer during the early 2000s trying to make a mark in Kolkata I started as a Junior assisting Mr. Shuva Mandal (currently the Managing Partner of Fox Mandal & Associates) in civil and commercial litigation cases. I always had an affinity towards company law related matters and got the opportunity of watching stalwarts such as P.C. Sen and B.K. Bachawat (to name a few) prepare and argue for matters. As time went on I found an interest in transaction documents and started honing my skills at drafting transactional documents. The most memorable assignments which I worked during those days were an infringement action against the makers of the T.V. Series “Karishma” and by first Admiralty Matter relating to the arrest of a vessel named “M.V. Stella Th”. An assignment involving setting up of the “Kolkata West International City” project also was extremely challenging and memorable. After an initial year or so with Mr. Shuva Mandal I worked with Mr. Kaushik Mandal and thereafter with Mr. Shourya Mandal (currently Co-Managing Partner of Fox Mandal & Associates). Mr. Shourya Mandal reposed utmost trust and faith in my abilities and provided the support and encouragement to achieve where I stand today. His contribution and guidance is a continuing process till date.
It would be incomplete if I did not mention the knowledge I acquired from two Senior Counsels of Calcutta High Court, Late Pratap Chatterjee and Mr. Ranjan Bachawat in course of the innumerable matters I had the good fortune to work with. They always took the effort to explain, reach and reprimand me. I thank them for the affection and time they contributed through their busy schedules in shaping my growth. Though Late Pratap Chatterjee is no more, all like me who happened to have the good fortune of working with him shall miss his presence for the rest of our lives.
What drives your passion for the field of law? What aspects of the profession do you find most fulfilling?
The passion for law is the biggest mystery for most lawyers which cannot be deciphered and /or reasoned. Maybe it is the uncertainty of things and outcome which attracts. It is a relentless drive forward to learn, practise and achieve greater milestones each day. Even the sky probably would not be the limit of this drive. The most fulfilling aspect of the profession is the scope to be innovative on the application of law and strategy. There is nothing sweeter and satisfying than the closure of a hard worked on transaction or a toughly fought and contested litigation ending in your client’s favour. The comradery and respect among colleagues, juniors and seniors is also overwhelming. Being a part of the vast legal community has always been like being part of a mammoth family which in a very unique way assures you that you belong here and that there is scope to learn and improve every day.
What are your primary practice areas within the field of law? Could you briefly explain what each area entails and why you chose to specialize in those particular areas?
The primary practice areas are Corporate Law and related dispute resolution including Arbitration. Civil Commercial Litigation and Insolvency. Company Law was a subject and continues to be a subject which I have always been attracted to. The flow of events from the shaping of a transaction / deal to the situation where occasionally parties to a transaction, in course of time, fall apart for various unprecedented reasons leading to a situation of dispute resolution or litigation require parties to avail legal services. I would simply say that I find myself most comfortable and can express myself best in these situations and hence specialization to me in these verticals came quite naturally.
Throughout your career, what are some of the most valuable lessons you’ve learned as a lawyer? Are there any specific cases or experiences that had a profound impact on your professional growth?
The legal profession is definitely a marathon which spares no one. It takes a “lambi race ka ghora” to make the most of what this profession offers and succeed here. The important lessons learnt are to respect colleagues and seniors, be patient, value time and the importance to develop a disciplined and methodical work approach. It is also essential to learn and improve from your experiences each day. Professional growth comes each day with experience and time spent on matters. However, there have been a few cases involving personalities and complex situations which have made a difference. In recent times the resolution of Rohit FerroTech Limited by Tata Steel under the Insolvency and Bankruptcy Code was an assignment which was satisfying. Another recent matter involving resolution of disputes between promoters of Switz Foods and other shareholders was nice experience.
What advice would you give to individuals who are considering a career in law? Are there any misconceptions about the profession that you would like to address?
A career in law is to be chosen out of passion and the will to be a part of the large legal fraternity. Accumulation of wealth by seeing the success of established individuals should never be the criteria, they can only be an inspiration to fuel one’s desires to succeed and become better lawyers. I believe that there are no shortcuts to long lasting success here in the legal profession and people must have the aptitude for taking the grind for the long haul. Every aspiring individual considering a career in law must have patience and the will to sacrifice their time spent on recreation, friends, relations and relatives and pursue their passion of making a place in this vast legal fraternity by devoting all his mind, heart, body and soul to this noble profession. Patience coupled with the ability to sacrifice along with the will to survive and put all that one can to the demands of the legal professional is extremely essential for making a career.
Lastly, what advice would you like to give to fresh graduates who are entering the legal profession? What key skills or qualities should they focus on developing, and what strategies can they employ to succeed in their early years as lawyers?
Fresh graduates need to choose where they want to be and what they want to achieve wisely. They should in today’s times dig / see deep within themselves and decide whether they have the aptitude for practising as a legal counsel at the various courts and tribunals comprising the framework of the judiciary or should they join a law firm for practising in a vertical of their choice such as Corporate law, Real Estate, Banking & Finance, Dispute Resolution etc. Some may even opt to make a career in a Corporate House as legal assistants and become a General Counsel with time.
As for strategies irrespective of where one is and which vertical one opts for, success comes for the ones who have the will to passionately and diligently meet the requirements and demands of their profession. The passion and will to succeed must burn under all circumstances and be backed up by disciplined and consistent hard work. The ability to work and adjust with a team, various people and going forward build a team is also extremely essential. It is also an appreciated quality and essential to be ethical in practices adopted with clients, colleagues, seniors, juniors and other people associated with the legal fraternity.
Sir, in order to start this conversation, could you please tell us about your decision to pursue law and CA?
I was always inclined toward general reading and contemplating on social and economic issues. I had an immense interest in reading books relating to law, commerce and business. I still recall debating with friends and families about the effective implementation of government policies and decisions and their impact on the businesses or lives of common people.
During those days, it was not common to secure both degrees together. So initially, I was slightly uncertain as to which course to pursue and then luckily I came to know about probably one of the most successful and knowledgeable lawyers, Mr. Harish Salve, who is a chartered accountant, but a practising lawyer. Inspired by his intellect and quick-witted representations, I decided to accomplish both academic qualifications. That’s how my professional journey as a practicing lawyer started.
Can you tell us about your experience handling commercial disputes before the High Court and NCLT?
Handling commercial disputes before various forums is a tremendously enriching experience. When a commercial dispute is brought before us by a client, it gives us perspective on how a brilliant and successful businessman can get affected due to bureaucratic rigmarole or lack of awareness of implications of certain applicable laws. In such a critical situation, if we are able to take out knots and smoothen the already tricky road of doing business, are swift in decision making and providing various alternatives to clients suitable to him then it leads to immense satisfaction and value creation for businessman. Since the legal profession is a service, if you think of rendering services as rendering of services with ethics and integrity , then you will be able to devote yourself fully with strong conviction which can bring great satisfaction to your life and professional success.
How have you contributed to the evolution of transfer pricing laws in India, and what role have you played in the BEPS initiative?
The world trade interse between the companies is growing a lot . Hence, various business transactions between the same entities of an umbrella company provide the opportunity to corporations to manage transactions in such a manner that profits are shifted to lower tax countries. Transfer pricing provisions are introduced in the Income Tax Act’1961 in the year 2001 to deal with possibility of such abuse. I have more than 50 reported judgments in transfer pricing arena in my name over the years. So I have seen evolution of these provisions in India. Initially, when these were introduced in India, they were intentionally drafted in such a manner that it would be easier to adapt in accordance with the prevailing business environment to achieve the objective behind such provisions. The government has been successful in doing so to a certain extent whereas, in its implementation process, the Government made certain mistakes but by and large, the concept or framework that each country shall get its fair share of taxes is gaining momentum and putting a curb on shifting profits to lower or nil tax countries. It is now accepted by all countries and across all the international trade bodies by way of OECD framework ensuring a more transparent tax environment.
What has been your most challenging case to date, and how did you handle it?
Well, in many cases we are required to sign nondisclosure agreements. Hence, I would not be able to answer this question in terms of client and case details. But what I can say is in the current legal environment won the biggest challenge that business houses are facing is dealing with regulators. The client is not looking forward to obtain any order from the court having Precedent value, but is more interested in resolving the issue so that he can execute his future business plan of action efficiently. Hence, as a lawyer, you can look at the issue from the perspective of solving a problem rather than trying to get into the nitty-gritty of law and taking the issue to the court. In that scenario, you would be a far more accomplished and dependable lawyer. In one of my most challenging cases, the solution we came out with was so simple which led to out of the court settlement by merely filing a letter with the regulator.
Can you share your experience in facilitating foreign direct investments in various sectors?
FDI transactions have different challenges for different sectors. For the manufacturing sector, the issues such as a laundry list of statutory compliances – both general as well as sector specific, deter an investor from taking a position in India. The ease of doing business initiative taken by GOI will go a long way in addressing such challenges. For the infrastructure sector, the main sticking point is an efficient dispute resolution mechanism so as to avoid projects getting stuck due to disputes. In the IT sector, a rejig in the corporate structures (including externalisation) so as to have tax optimisation is the biggest challenge. Rationalisation of capital gains tax – bringing it at par with the jurisdictions with whom India has tax treaties is the key to facilitate investment in IT sector especially investments chasing inorganic growth.
As someone with expertise in information technology and entertainment, how do you see the legal landscape evolving in these industries?
The rapid rise of technology and the internet has fundamentally changed the landscape of the entertainment sector. The legal sector faces a huge backlash when it comes to this since people are rapidly adapting to the new technologies being developed but it is not the case with law. Let alone there being law in place governing these developments such as Artificial Intelligence, blockchain technologies, presence of Metaverse, the legislature faces major criticism from its own citizens since they have not only repealed the existing data privacy laws, but also not put the new data protection bill into effect. The developments in information technology come with their own complex legal issues as well such as data breaches, breaches of privacy, cyber harassment etc. Artificial Intelligence which is being used at majority workplaces including law firms is not regulated by law. Thousands of cases have been filed at various levels of judicial courts involving matters relating to blockchain technologies, metaverse and artificial intelligence but matters keep getting adjourned or are not admitted in the initial stage citing lack of jurisdiction since there is no law basis which the judiciary can come to a decision. The government created a havoc amongst the public by implementing a 30% tax on NFT’s without having a law in place which authorises the imposing of such tax.
With regards to the entertainment sector, the legislature is prompt in taking action and giving immediate effect to certain guidelines and regulations that mandate and prohibit the advertisements and use of certain language, content etc. or to govern the digital creators, influencer and social media aspect of entertainment. However, there is still ambiguity with respect to entertainment in digital space as it subject to varied interpretation.
The entertainment industry in India has witnessed growth in many folds and now the entire world has started recognizing Indian entertainment industry as well. The legal landscape has been progressing due to the expansion of digital platforms and various streaming platforms and models, which have evolved the traditional business models into extremely competitive business.
The amendments in 2021 to the Cinematograph Act, which give the government power to regulate digital content and streaming services have raised issues in the entertainment industry. Also, copyright laws in India have also been developed to combat piracy and protect intellectual property rights.
How do you balance your roles as a legal professional and a chartered accountant, and how does this dual qualification benefit your clients?
I have been handling tax and commercial litigation since starting my legal professional journey where my CA qualification has helped in better understanding Taxes and business environment in which transactions are undertaken . Additionally, the pragmatic and worldview of financial analysis across various sectors and in-depth knowledge has been possible due to my CA qualification which benefits me to a great extent in corporate and tax litigation. However, sometimes I need to specifically focus on the legal aspects involved in the case rather than going into a detailed analysis of financials from a CA prospective.
Can you share your thoughts on the current state of the Indian economy and its impact on corporate and commercial law?
India remains one of the fastest growing economies in the world in recent times. Reserve Bank of India (RBI) recent report reassured that the current will be a year for the Indian economy to strengthen its position on the global stage. The same is validated by the world bank’s report that global slowdown has much lower impact on India as compare to other emerging economies.
India challenged global trends in 2022 and successfully witness record M&A activity. Despite economic hurdles and disturbances due to geopolitical factors, Covid impact and a global consumption slowdown, the World Bank revised its 2022-23 GDP forecast for India to 6.9 percent from 6.5 percent (in October 2022).
Further, the Indian government has been taking numerous steps to bring in foreign direct investments (FDIs) and brought commendable amendments to “Ease of Doing Business” in India to attract further foreign funding into India.
For all such major steps undertaken by Indian Government to promote business in India, we need a strong legal framework in India for its successful implementation and contribution towards India’s economic growth. This leads to a positive impact on the requirement of more expertise in corporate law and commercial law supporting the corporates in establishing and growing their business.
Coming towards the end of the conversation, what advice would you give to young professionals who aspire to have a career in corporate and commercial law?
A legal professional is expected to be well versed with various applicable laws and regulations. Gaining that knowledge and experience has no alternatives but a self-driven focus and discipline toward the thorough self-study of various applicable laws. A legal professional becomes apart from other professionals by virtue of their problem solving attitude and accepting new challenges every day.
I would like to advise young professionals to capitalize the advantage of their internship and their senior’s experience and then decide on the preferred areas of practice. There is a saying that we do our best work if we do a job that makes us happy. The legal profession is that profession which has such an extensive scope in the current scenario that gives tremendous options to make a career in corporate and commercial law and lead a very satisfying and successful life and also do good by service to others .
What motivated you to choose law as a career? How has been the journey so far for you?
Initially when I was a child, my cousin brother who was a barrister was an inspiration. When I was in 10th class, I was given the responsibility to be a volunteer to encourage the 10th class students to take up a career in law. From there on, I became passionate towards law. The journey was challenging and tipsy-turvy, as life took me through various careers; from being a supervisor to an executive in travel division, from being a manager in airlines to a failure in business at that time.
I must say the decision to study law and start practice at a late age whilst struggling to catch-up with my colleagues and give the much-needed results to the clients was a herculean task which I could accomplish with patience and motivation from my wife and friends.
What were the challenges that you faced in the beginning of your career?
Ans) With the local language being Telugu and myself coming from Kerala, to understand the client’s deep rooted issues was a real challenge, which I could manage with the help of my friends and well-wishers, especially my career guide and senior Mr.T.Narayanamurthy, a public prosecutor in the Metropolitan Sessions Court, Mr.V.Amarkumar, a seasoned advocate in the field of criminal and civil law and Hon’ble Retired Justice P.Ramakrishnaraju who was instrumental in pushing me to complete my study in law at a difficult phase of my life which was caused due to a series of deaths in our family.
Among all the specializations, i.e., civil, commercial, litigation, arbitration, business, banking, family, procedural and criminal, which area of law is the most interesting to you and why?
I was passionate towards all branches of law and my career goal was to give relief to the client who approaches me. It was due to passion that I used to enjoy the proceedings and challenges that come in my way, and await the results.
Any roadmaps that were followed by you, Mr. Thomas, and how do you consider the role of the same in this profession?
There was never a roadmap but for the whole-hearted faith in God, I used to trek the path which came in my way.
Somewhere Mr. Thomas, people have started feeling that corporate is a safe option instead of choosing a longer struggling period in litigation, do you think the same?
Absolutely not. Litigation has now taken a different turn with the advent of the Information Technology. No doubt, corporate maybe a safe haven, but the kind of satisfaction that you get in litigation and the flow of money or reward, comes from unexpected quarters, which has been my experience.
How do you push through your worst times? And what in litigation should one always learn to manage?
I’m yet to see the worst times as I was passionate towards law and since I respect my career and when one respects their career, all the worst times become learning experiences. In litigation, one should always be hardworking, patient and a good listener, which will help you manage all adversities.
Talking about work-life balance, there has been ample amount of discussion on health issues as a lawyer, what do you believe are the best practices to maintain the equilibrium?
Good food habits and a positive mindset, spending more time with nature and with your friends who are not related to law or your career, and to learn the art of laughing at any issue coming your way in your life or in your career and adversities, will make you hale, healthy and hearty.
What are the most important habits to be a successful lawyer?
Patience and Persuasiveness, Punctuality and Good-Mannerisms are the key habits to be a successful lawyer…!
Lastly, some tips for our readers?
To all the incoming, budding, corporate and litigating lawyers, enjoy the profession with respect and learn to enjoy the challenges. Learn to respect every human being who comes in our way in our day-to-day life, because when you give respect, we get respect. Don’t ask for respect, instead command respect…!
