Super Lawyer

Tag: Investment Law

  • “As the legal counsel, we are frequently required to operate in grey zones. It is where legal advice moves beyond compliance to become strategic.” – Gurcaran S. Arora, Co-Managing Partner, Gurcaran Divya Law Offices.

    “As the legal counsel, we are frequently required to operate in grey zones. It is where legal advice moves beyond compliance to become strategic.” – Gurcaran S. Arora, Co-Managing Partner, Gurcaran Divya Law Offices.

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

    From working with one of the biggest firms in the country to co-founding Gurcaran Divya Law Offices, what inspired your transition from a leading full-service firm to launching your own corporate law practice?

    To begin with, technically, I didn’t co-found the firm. What was originally founded in 1977 was J S Arora & Co, a local tax practice set up by my father in a small town in India. He remains the founding partner, and we continue to carry forward the history, values, and professional integrity that defined his practice. That legacy forms the foundation on which Gurcaran Divya Law Offices stands today.

    When I took over the managing seat in 2022, we rebranded the firm and focused on taking it to the next level, both in terms of geographical reach and the range of practice areas. We transitioned it from a local tax-centric setup into a boutique Corporate, M&A and Capital Markets law firm advising clients across industries and borders. In 2023, I was joined by my current co-managing partner, Divya Badlani, and together we now lead the firm.

    The real turning point for me came during a deal I worked on at a leading full-service firm. We were advising the investors, and on the other side was a passionate founder, building something of real value, but his lawyer lacked the expertise to fully understand or push back on the legal risks being placed on him. The deal closed, everyone moved on, and yet I couldn’t. There was something deeply unsettling about watching someone unknowingly give away more than they should have, simply because they didn’t have the right counsel in their corner.

    That experience stayed with me. It made me realise that India doesn’t just need more corporate lawyers, it needs more accessible, business-focused, high-quality legal advisors who can meet founders and businesses where they are, not just those operating in tier 1 firms for large institutional clients. That’s the gap I set out to fill.

    Having worked on numerous high-value cross-border M&A transactions, what have been some of the most challenging aspects of executing such deals within the Indian legal landscape?

    Let’s be honest, navigating the Indian regulatory landscape can be incredibly challenging. It is highly complex, with layers of central, state, and local laws that are often unorganised, outdated, or not readily accessible online. Approvals can take significant time, and there are usually multiple authorities and stakeholders involved, each with their own processes and expectations.

    What makes things even harder is the lack of clarity in several regulatory provisions. Many times, the law is ambiguous, and no formal clarification is issued by the regulators. In such situations, lawyers and dealmakers are left to take a considered view based on legal interpretation, precedent, and practical experience, often under tight timelines.

    Another challenge is the unpredictability of how different regulators or authorities might react to the same issue. A structure that works in one transaction may be flagged in another, even in the same sector. This requires not just legal acumen but also strategic foresight, strong communication with stakeholders, and a solutions-oriented approach.

    Yet, despite all of this, the satisfaction of successfully closing a complex cross border deal in India is unmatched. The legal landscape may be tough, but with the right planning, advice, and execution, it is navigable.

    Having worked extensively in regulatory compliance, especially for clients in dynamic sectors like fintech and renewable energy, what major sector-specific challenges do you frequently encounter?

    Both fintech and renewable energy are evolving faster than the regulatory frameworks meant to govern them. In fintech, the challenge lies in navigating a fragmented regulatory environment involving multiple authorities like the RBI, SEBI, and MeitY. The laws often lag behind innovation, forcing us to interpret legacy frameworks in new contexts.

    In renewable energy, the friction typically stems from federal complexity. Central policies may be progressive, but state-level execution, land laws, and tariff regimes are inconsistent and often unpredictable.

    Across both sectors, regulatory ambiguity is a constant. 

    As the legal counsel, we are frequently required to operate in grey zones and provide commercially grounded solutions where the law offers limited guidance. It is where legal advice moves beyond compliance to become strategic. 

    Given your expertise in capital markets and corporate governance, how do you foresee regulatory trends evolving for listed companies in India over the next few years?

    We are likely to see a steady shift toward greater transparency, accountability, and shareholder empowerment. SEBI has been consistently tightening corporate governance norms, be it around related party transactions, independent directors, or disclosure standards. That trajectory will only intensify as Indian markets continue to integrate with global benchmarks. The recent Jane Street case is a clear example of SEBI’s growing willingness to act decisively against market abuse, even involving global institutional players.

    Environmental, Social, and Governance (ESG) compliance is also set to become more structured and enforcement-driven, moving beyond voluntary reporting. At the same time, we can expect sharper scrutiny of promoter behaviour, board independence, and market conduct, especially in the wake of recent high-profile cases.

    Overall, the direction is clear: listed companies will need to move from a minimum compliance mindset to a culture of proactive governance. Those that lead on this front will be better positioned to attract long term capital and market credibility.

    As someone who has closely advised on FDI and SEBI regulations, what are some common misconceptions or pitfalls that foreign investors face when entering the Indian market?

    One common misconception is that India’s liberalised FDI policy means a deal can be closed quickly. While entry routes may be automatic in many sectors, the reality is that regulatory, procedural, and sectoral nuances often require detailed structuring and proactive compliance.

    Another pitfall is underestimating the role of state-specific laws and local business practices, which can significantly impact timelines, particularly in sectors like infrastructure, retail, and real estate.

    Foreign investors also occasionally assume that SEBI’s disclosure and takeover regulations mirror those of mature markets, but in practice, there are several India-specific requirements, especially around pricing guidelines, minimum public shareholding, and indirect acquisitions, that require careful navigation.

    Ultimately, success in India requires more than just legal compliance. It demands a strategic understanding of regulatory sensitivities, stakeholder expectations, and long-term alignment with Indian business realities.
    How has your legal education at Symbiosis Law School (Noida) shaped your professional journey, and what advice would you offer to law students aspiring to build a career in corporate practice?

    Oh, absolutely yes. My time at Symbiosis Law School (Noida) played a foundational role in shaping my career. One of the best aspects of the institution was its strong emphasis on internships. We were not only encouraged but marked on the quality of internships we pursued. In the final two years, that push became even more intense. The structure of long weekend classes gave us the flexibility to intern during the weekdays, which made a huge difference. I genuinely owe the start of my career to the opportunities I got to intern during law school.

    On the academic front, during our time, subjects like capital markets and transactional law were not deeply embedded in the core curriculum, although optional courses and guest lectures were available. From what I hear now, the curriculum has evolved meaningfully to include more practice-oriented subjects like M&A, securities law, and corporate structuring, which is a great development.

    My advice to law students aspiring to build a career in corporate practice is to structure their internships thoughtfully. Start your internships with boutique or mid-sized firms to build a solid foundation, then move to Tier 2 and Tier 1 firms as your skills mature. About two good internships at each level are enough to learn the ropes. Do not chase Tier 1 firms too early in your law school journey. Reserve them for your final years, when you’re ready to demonstrate what you’ve learned and convert the opportunity into a job. Always focus on quality; what matters is not just where you interned, but what you actually learned and delivered.

    What advice would you give to law students who are just starting out in their careers? What practices should they aim to inculcate early on, and what resources would you recommend to support their growth?
    The single most valuable investment a law student can make early on is in meaningful internships. Not just collecting them, but actually doing quality work, asking the right questions, and learning on the ground. What you take away from those experiences will shape your confidence, skills, and career direction far more than any textbook ever could.

    That said, conceptual clarity is equally important. A solid grasp of core legal principles and staying updated on legal and commercial developments gives depth to your practical work.

    One area that often gets overlooked is networking and personal branding. Your batchmates, seniors, and law school peers will become your professional ecosystem and, very often, your strongest sources of referrals and opportunities. Build those relationships with sincerity, they will serve you far beyond your law school years.

    Given the demands of a high-intensity legal career, how do you maintain a healthy work-life balance? Are there any personal interests or activities that help you unwind and recharge?

    My trick for balancing work and life? I married the firm’s future co-managing partner. 😀 

    Jokes aside, the legal profession is undeniably demanding, and striking a balance takes intention. For me, discipline is key. A structured schedule, clear boundaries, and conscious downtime help keep things in check, especially when there’s no ‘boss’ above you, but accountability still runs deep.

    One habit I’ve tried to inculcate is not setting unrealistic timelines for clients. It helps manage expectations and protects mental bandwidth. Having a partner who understands both the personal and professional pressures makes all the difference, and I’ve been very fortunate to have Divya by my side, keeping both life and law running smoothly.

    Get in touch with Gurcaran S. Arora –

  • “Over the past decade, legislative and judicial developments have demonstrated a clear intent to make India a more arbitration-friendly jurisdiction.” – Soma Hegdekatte, Legal Consultant at Department of Economics Affairs, Ministry of Finance, India.

    “Over the past decade, legislative and judicial developments have demonstrated a clear intent to make India a more arbitration-friendly jurisdiction.” – Soma Hegdekatte, Legal Consultant at Department of Economics Affairs, Ministry of Finance, India.

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

    What motivated you to pursue the LL.M. in Comparative and International Dispute Resolution at Queen Mary University? 

    While I was very satisfied with my Cornell experience, my LLM at Cornell was a general program. After working for a few years in the field of international dispute resolution, I felt like I wanted to do a specialized LLM in the field. I had by then worked on construction and energy related arbitrations, and felt the need to have more specialized knowledge. At QMUL, I took courses like ‘International Arbitration and Energy’ and ‘International Construction Contracts and Dispute Resolution’, which were specialized courses designed to equip one to work on high-stake arbitrations. 

    Interestingly, I had also, at that point, never taken a full- fledged course on investor-state arbitration. I describe it as interesting, because by then I had already worked on four investor-state cases, written articles and my Cornell thesis on the subject. While working on two high profile investor- state arbitrations, I realised that at times I didn’t know some basics because most of my knowledge was self-taught. Hence, I felt the need to go back to school. 

    How did your experiences at QMUL and at Cornell Law School together shape your understanding of international arbitration and dispute resolution?

    My LLM experiences not only taught me the law of two major jurisdictions but also taught me their distinct approaches to dispute resolution, legal drafting and style of argumentation. Together, these experiences gave me a comparative lens and also trained me to adapt my drafting, argumentation, and advocacy to different styles- an essential skill when working in cross-border disputes involving counsel and parties from diverse jurisdictions. 

    As a dual-qualified legal professional in India and England & Wales, how has this cross-jurisdictional qualification helped you?

    I believe being dual-qualified in India and England & Wales has helped me be taken more seriously as an international lawyer. Passing the two SQE exams is no easy feat and really trains you on effective written and oral advocacy. This is something law firms across the world acknowledge. In my personal experience, my profile was assessed more seriously by international law firms after I became dual-qualified. Further, with a qualification from England & Wales, you become eligible to work on cases across common law jurisdictions, significantly broadening the scope of your work. 

    What were some pivotal experiences that helped lay the foundation for your arbitration career?

    A pivotal experience that helped lay the foundation for my arbitration career was in my second year- I had participated in a moot called Frankfurt Investment Arbitration Moot Court Competition. I remember making my submissions during the quarter final rounds and thinking- I could do this for the rest of my life! From that moment onwards, I tried everything in my capacity to be in the field, which led me to different countries and a wide range of work. I believe each experience of mine, be it an internship or a summer course, added something to my journey and led me down a certain path. For example, it is because I had participated in the Frankfurt Investment Arbitration Moot that I was given investor-state work in my internships. It is because I did investor-state work in those internships that I was hired by law firms to work on investor-state cases. And it is because I worked on investor-state cases that I got hired to work on bilateral investment treaty negotiations. Each step helped lay the foundation for the next step. 

    You’ve handled arbitration matters under UNCITRAL and ICSID rules across sectors like energy, banking, and construction. How do you approach disputes involving sovereign states, and what are the key considerations in such cases specially in the energy sector?

    I have mostly worked on disputes where I represented a State. When developing arguments or defences for a State, it is important to keep in mind that, unlike private entities, decisions by a State are policy-oriented. It is important that you not only understand the policy perspective to the dispute but to effectively convey it in your pleadings. 

    As for disputes in the energy sector, it is important to remember that energy sector disputes are usually complex and involve a lot of technical jargon. However, that is precisely what makes it interesting to work on these cases. In my opinion, a key consideration while working on such cases is to make an active attempt to understand, to the extent possible, the technical aspects involved. I believe that greatly helps with legal part of the case as well. 

    Having studied and worked in various legal systems including India, the U.K., U.S., France, Germany, South Korea, and Hong Kong what differences do you observe and which system do you find most effective in dispute resolution and ADR?

    Studying and working in so many different jurisdictions has been an invaluable experience. I now have a better understanding of cultural and social nuances, which helps me be a better lawyer. There are several differences I have observed, particularly, I have found the approaches of common law jurisdictions and civil law jurisdictions distinct. While I wouldn’t say that one system is inherently superior to the other, I have observed notable efficiency in dispute management in jurisdictions such as South Korea, Hong Kong, and Germany. These are models from which our own system could draw valuable lessons.

    You’ve worked across major arbitration hubs such as Hong Kong, Frankfurt, and Seoul. How did you identify and secure these opportunities, and what advice would you offer to students and young lawyers aspiring to pursue an international legal career?

    There is no easy path to pursue an international legal career. It involves a lot of luck and a lot of trying. My advice to young lawyers and students is to be brave and slightly shameless and take risks in their initial years. It’s the best time to take risks. All the places I worked, I applied to these places mostly through unsolicited emails. I didn’t have the courage to approach people in networking events for internships, but I would recommend it. Don’t be afraid of facing a rejection or worried that you will appear desperate. As far as you don’t harass someone with persistent emails, it is totally fine to write to someone unsolicited. They may reply or they may not, but it is your job to try. Also, do not hold back from applying for a vacancy because you don’t meet all the criteria. Recruitment processes have a huge element of luck. I have seen people with many years of work experience struggle to land something and I have also seen people with no work experience get a job offer. You just never know. Hence, don’t ever reject yourself by not even trying. 

    With the evolving landscape of international arbitration, how do you see its future shaping up in India? What steps do you take to stay abreast of legal developments and global trends in this field?

    The arbitration law in India is ever evolving, with each amendment to the law inculcating the real-time issues arbitration lawyers face. Over the past decade, legislative and judicial developments have demonstrated a clear intent to make India a more arbitration-friendly jurisdiction. We are also seeing more Indian lawyers returning to India after gaining experience with international law firms, and bringing with them global best practices in arbitration. This, coupled with the growing business links between India and foreign counter-parts, makes me very positive about the future of international arbitration in India. 

    I regularly follow newsletters and forums that track recent developments, emerging trends, and case law to keep myself abreast with legal developments. I also find following people working in the field on LinkedIn to be quite useful. Academicians and practitioners in the field regularly post either legal developments or their own writings on their LinkedIn feed. This is an easy way to keep yourself updated. 

    Given the demands of a high-intensity legal career, how do you maintain a healthy work-life balance? Are there any personal interests or activities that help you unwind and recharge?

    I am very grateful for the fact that throughout my career I have gotten to do interesting and cutting-edge work. However, the drawback of a high intensity legal career and doing cutting-edge work is that maintaining a healthy work-life balance becomes incredibly hard. One way I try to maintain my work-life balance is trying as much as possible to take vacations and not working on the weekends. During a working day, I recharge by making sure I get adequate sleep every night. No matter how busy my schedule is, I try my level best to get enough sleep. I truly believe it is really important that all of us put in active effort into eating and sleeping well, no matter our workload. It’s an everyday battle where you win some days and lose some days, but it’s important to actively create that boundary. 

    Get in touch with Soma Hegdekatte –

  • “In terms of latest trends – I think AI and its impact in different sectors and the legal nuances surrounding that would definitely be something over the next five and ten years.” – Shruti Iyer, Advocate-on-Record at Supreme Court of India and Partner at SA Law.

    “In terms of latest trends – I think AI and its impact in different sectors and the legal nuances surrounding that would definitely be something over the next five and ten years.” – Shruti Iyer, Advocate-on-Record at Supreme Court of India and Partner at SA Law.

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

    With your broad expertise in areas such as Insolvency Law, Competition Law, Administrative Law, and more, could you share the story of how you first embarked on your legal journey? What inspired you to choose law as a profession? Was it a deliberate decision, or did your passion for law evolve gradually over time?

    I did not think I would be a lawyer. So I’m a lawyer by chance but I’m glad that I pursued law because now that I think back I am sure it is my calling. I don’t think I could have been so happy doing anything else. As destiny would have it I got admission into ILS Law College, Pune and I can safely say that I spent the better part of my life there. I was fortunate to study under some excellent faculty like Dr. Jaya Sagade, Prof. Nilima Bhadbade and Prof. Smita Sabne to name a few. Their teachings and guidance have been invaluable to me. 

    You participated in the dual LLM program in Global Business Law at New York University School of Law and National University of Singapore. Could you kindly share your experiences during that time and also ponder upon how the program equipped you to navigate the complexities of international corporate and financial services law? What challenges did you encounter during the application process, and what impact did the Dean’s Award from New York University have on you?

    I think I was extremely fortunate to be part of the NYU-NUS Dual Masters’ Program. It was truly one of a kind and we used to joke that we were part of a “limited edition”. Unfortunately, the Dual program has stopped. But it was a brilliant experience.  It was very intensive and taxing to do two programs in one year because when one university was on break we would have the classes and exams for the other. But the faculty was top notch. We got to experience the best of both worlds and had a natural kind of insight into comparative law without even having that as an elective. There is often this debate about whether it is worth pursuing an LLM abroad if you want to come back and work in India and especially in Litigation and I would like to say that if you have the resources you should definitely pursue one. Personally I feel it broadened my horizons in ways I could not have imagined. The bonus is I made some lifelong friends. The Application process was very smooth. It was completely online and I don’t recollect any hassle.  The Dean’s Award definitely helped me financially to be able to afford the program

    In terms of learning, I was extremely fortunate to be able to do my dissertation on International Investment Law under Prof M. Sornarajah. At NUS I interacted and studied under some excellent faculty like Prof. Umakanth Varottil and Prof. Arun Thiruvengadam. For the NYU Program we had some legends like Prof. Jose Alvarez for International Investment Law and Prof Stephen Choi for M&A and Securities. There are so many things that I learned during the program which I am able to use in my practise today especially when it comes to subjects like Competition Law and International Arbitration Law , apart from principles of corporate and financial laws. 

    In the early stages of your career, you worked with a major corporation. How did you approach the legal intricacies surrounding the Copyright Act and Cable TV regulations during that period? What key takeaways from that experience helped shape the foundation of your career and propelled your professional trajectory?

     I was lucky to work with some major corporations so early on in my career. It was a great learning curve for me. I dealt with several issues under the Copyright Act and Cable TV Regulations which were very relevant at the time. More than that, it helps me now immensely while dealing with in – house clients. I understand their issues and try to resolve them to the best of my ability. 

    After gaining valuable experience working in-house, what prompted your decision to transition to litigation, working alongside Senior Advocates? How did you find the shift between the two environments, and what major differences stood out to you? 

    I had a great learning experience working in – house but I always felt I was missing out on attending court. So I decided to finish my masters and switch to litigation. At that time the thought was if I don’t like it I can always go back. But I took to litigation like a fish takes to water. I loved coming to court and still do. It is what drives me. I feel like we make a difference to our client’s lives in whatever small way possible and that gives me a sense of purpose and immense satisfaction. The shift was not difficult, both have its pros and cons. But the working culture is very different. While working in – house my deadline was often completing a draft or sending an email. In litigation we are racing against time to secure bail or stop a demolition. So we cannot compare. Both are invaluable learning experiences.

    I am immensely grateful to my seniors Mr. T. Srinivasa Murthy and Mr. Senthil Jagadeesan, who have been my Gurus and Mentors in this profession. I have literally learnt everything I know from them and I continue to work and learn from them. 

    After working with various legal entities, you went on to establish your own practice. What motivated you to take that leap, and what were some of the initial challenges you faced in setting up your own firm and how did you navigate them?

    I cleared the Advocate on Record Exam and became an AOR of the Supreme Court and felt that I could start something on my own so my Partner Anandh K and I set up SA Law. It is based on our philosophy of doing good work and helping our clients. When we work in some other organisation we are always bound by their rules. Setting up my own practise gives me the freedom to do what I want both professionally and personally. It also helps me do other activities like teaching or interacting with law students and doing pro bono work without any pressure. In terms of the challenges we faced- we are both first generation lawyers from outside Delhi. We don’t have any Godfathers here. We have struggled and grown brief by brief and survived by word of mouth of our clients who have trusted us. 

    As a Founding Partner at SA Law and an AOR, you oversee a variety of practice areas, including land acquisition, civil rights, POSH (Prevention of Sexual Harassment), arbitration, and competition law. Could you share a fascinating case you’ve handled in the field of competition law and how you approached the complexities of such a case, especially for our younger readers looking to understand this area of law?

     I think one of the biggest cases I have handled is the cement cartel case. The case is now pending before the Supreme Court. But I was fortunate to work on the case from the CCI stage to the appeals before erstwhile COMPAT and then NCLAT and now Supreme Court. Working on a case through all the stages is a great learning experience. I think one of the fascinating aspects of competition law is how much we rely on foreign judgments and concepts – both the US Anti-Trust Law and EU and also compare it with our own jurisprudence. I think my LLM came in very handy in dealing with this. 

    Your passion for teaching is evident in your contributions to judging moot courts, delivering guest lectures, and conducting seminars and workshops for law students. What advice would you give to aspiring lawyers who are just beginning their legal careers?

    I don’t think I can give much advice- there are far more learned people for that. I would say enjoy your time at law school. Most of them would be doing the 5 year law course. When I look back at my time in Law College – I just remember that I had fun. I participated in all the activities in college both curricular and extra-curricular. It helped me make so many friends. And maybe I would say use that time to read and write a lot. 5 years is a long time. It is ok if you don’t have 10 internships in 5 years or don’t do many moot courts or write research papers. Of course, doing all this helps. But utilise the time doing something. I spent a good amount of time doing Purshottam and Firodiya Karandak in Pune which had a big Marathi Theatre Scene. It helped me learn one more language which is a life skill and comes in handy even today. 

     Perhaps I would add one thing – it is very easy to be enamoured by the profession when we are in college – especially when we hear Senior Advocates or Judges come to our college and talk and advise youngsters to pursue litigation. There is nothing wrong with that. Perhaps even I would give the same advice. But the initial years are tough. It is sometimes very easy to feel dejected, especially if you fall in the trap of comparison. Social media doesn’t help. Litigation is a marathon with very slow returns and requires a lot of consistent effort. And sometimes, even after a lot of hard work you may not get material returns or recognition. And that is ok. As long as you are able to feel satisfied that you are doing some good work, you should be ok with that. There are many loopholes in the system, all the more for women, but there are many good people as well- whether in terms of seniors, peers or mentors – there is no dearth of good people who will help you both personally and professionally and I think the camaraderie of the Bar is one of the best parts of this profession. Last but definitely not the least – there is no substitute for hard work. You may keep hearing about networking and legacy and luck and it is very easy to get lost in this hubris but there are no shortcuts to success. 

    As someone dedicated to staying at the cutting edge of legal developments and inspiring your colleagues to do the same, what do you consider to be the key emerging trends in your areas of expertise, such as Intellectual Property and Competition Law, particularly with the rise of Artificial Intelligence and technological advancements? How do you stay informed about these evolving fields, and what direction do you see them taking over the next five to ten years? Additionally, could you suggest any resources for our readers to stay up to date on the latest legal trends?

    In terms of the latest trends – I think AI and its impact in different sectors and the legal nuances surrounding that would definitely be something over the next five and ten years. The other emerging trend is the DPDP Act and its enforcement and the complications that arise out of them. In terms of staying updated, I think there are way more resources now than we had, especially online resources. I would say the good old way of reading law reports is also invaluable. 

    How do you manage to balance your professional growth with your personal interests? What hobbies or activities do you enjoy that help you unwind and relax after a demanding day at work?

    I think we always try to balance and if someone says that they have figured it all out then perhaps they are lying. But I try. I recently gave birth to my second child.  So I am currently in the depths of everything postpartum, but I would say whatever time I have I like to spend with my children. 

    Get in touch with Shruti Iyer –

  • “Success in complex transactions hinges on experience, a robust knowledge base, and a skilled, cohesive team.” – Abhishek Bansal, Founding Partner at Acumen Juris, Law Office.

    “Success in complex transactions hinges on experience, a robust knowledge base, and a skilled, cohesive team.” – Abhishek Bansal, Founding Partner at Acumen Juris, Law Office.

    This interview has been published by Namrata Singh and The SuperLawyer Team

    We’re delighted to have you here. Could you walk us through your journey from your college days at the Faculty of Law, University of Delhi, to where you are today as a respected founder partner at Acumen Juris?

    I’ve always been a regular student, not particularly the outstanding, studious type one might expect. Unlike those who decide early on what they wish to pursue, I hadn’t planned that far ahead. However, I found myself fascinated by the profession of law.

    During my college days, I stayed connected with people and even contested in college elections, which helped me build valuable relationships and skills. The path wasn’t always clear, but I realised my passion for taking on new challenges while working in the industry. This realisation led me to establish my independent practice and eventually run a full-service law firm. Embracing challenges with a positive attitude has been key to my journey.

    Starting a legal practice and establishing oneself in the industry requires determination and perseverance. Can you share some challenges you faced during the initial stages of founding Acumen Juris, and how you overcame them to build a successful law office?

    Indeed, establishing oneself in the legal industry requires immense determination and perseverance. With years of experience, these qualities became ingrained in me.

    When I decided to start Acumen Juris, I envisioned creating something different. After years of working long hours six days a week, I sought a balanced life that included time for family and adventure. With this in mind, my partners and I founded the firm with a simple strategy: to operate as a firm from the outset, rather than as individual practitioners, to gain recognition and trust from corporate clients. Our extensive experience and commitment to delivering high-quality, timely services have been key to our success.

    I worked across multiple time zones, advising clients globally, supporting their business setups in various jurisdictions, and handling complex transactions.

    Your expertise extends beyond M&A to areas like commercial contract, drafting, venture capital funding, and legal due diligence. What inspired you to venture into these diverse areas, and how do they complement your overall legal practice?

    My expertise extends beyond M&A to encompass critical areas such as commercial contract drafting, venture capital funding, and legal due diligence. These skills were cultivated during my tenure at a mid-size firm, where I approached challenges with a proactive mindset and a commitment to achieving excellent client outcomes.

    In addition to traditional legal responsibilities, I have successfully undertaken corporate valuations required under FEMA 1999 for major corporations. This involved dedicated efforts, often beyond regular work hours, supported by a collaborative and supportive, firm environment.

    My deep knowledge of FEMA laws, a focus since the start of my career, enhances my capacity to provide strategic guidance in transaction advisory, resolving complex structures and related legal matters.

    These varied experiences have significantly enriched my legal practice, enabling me to offer comprehensive solutions and strategic insights that effectively address the diverse needs of my clients.

    You’ve recently handled a notable transaction that garnered attention within the legal community. Could you share some highlights or key takeaways from this case, and how it showcased your expertise in navigating complex legal issues to achieve a favorable outcome for your client?

    One recent standout in my career was overseeing a significant 900 crore share swap transaction where we represented the seller side. This transaction was particularly challenging because of its complexity, involving multiple intricate legal components and several limitations. I played a pivotal role within the core team, contributing to discussions, providing strategic advice, finalizing agreements, and devising efficient tax structures across sell-side entities.

    Throughout the transaction, our approach began with a thorough legal assessment to gauge feasibility, followed by comprehensive risk assessments, and tax planning to design efficient structures.

    Success in such endeavors hinges on years of experience navigating diverse transactions, a robust knowledge base, adept interpretation skills, a proactive attitude, and, crucially, a skilled and cohesive team. I am privileged to work alongside a talented and efficient team that played a pivotal role in achieving a favorable outcome.

    This experience underscores my capability to manage complex legal challenges and deliver results that meet the strategic objectives of our clients.

    You’ve co-authored multiple editions of a bestselling book on the Companies Act, 2013. Can you tell us about the journey of writing and updating this book, and how it has contributed to your understanding of corporate law?

    Contributing to a bestselling book on the Companies Act 2013 has been a pivotal milestone in my career, marking a journey of personal and professional growth. The experience of co-authoring and witnessing its success has been immensely gratifying.

    Throughout the process of writing and updating the book, I drew extensively from my practical experience advising clients on corporate law matters. This real-world application provided invaluable insights into the statutory provisions, case law developments, and practical implications of the Companies Act 2013.

    Overall, this experience has deepened my understanding of corporate law and strengthened my ability to provide informed counsel to clients. It underscores the importance of continuous learning and practical application in evolving legal landscapes.

    In addition, key person in developing the only website for FEMA Laws while working in the previous firm. 

    With your extensive experience in providing transaction advisory services, what do you consider as the most critical factors for ensuring mutually beneficial terms in agreements related to funding processes or joint ventures?

    In the realm of transaction advisory services, securing mutually beneficial terms in agreements related to funding processes or joint ventures requires a multifaceted approach. This approach involves conducting thorough assessments of all parties involved, encompassing their financial health, market positions, potential synergies, and strategic intents.

    It’s crucial to establish clear and precise objectives upfront to ensure alignment of expectations and goals among stakeholders. Addressing potential obstacles with innovative solutions and structuring agreements that mitigate risks while maximizing benefits are paramount factors. Moreover, building trust and fostering transparency among stakeholders throughout the negotiation process is essential for cultivating a collaborative and mutually advantageous partnership.

    Navigating negotiations with skilful diplomacy, knowing when to concede and when to stand firm, while maintaining open and constructive communication, ensures that agreements are not only favourable, but also set a solid foundation for long-term success and value creation for all parties involved.

    You’ve been actively involved in speaking at various forums and contributing articles on corporate laws. How do you balance your commitment to legal practice with these extracurricular activities, and what motivates you to share your knowledge with others in the legal community?

    Balancing my commitment to legal practice with speaking at forums and contributing articles on corporate laws can be challenging, as it often requires allocating time from either my personal or professional life. However, these activities are integral to establishing and expanding the presence in the legal industry.

    The primary motivation behind engaging in these extracurricular activities is twofold. Firstly, they serve as crucial avenues for showcasing and publicizing my knowledge within the legal community, thereby enhancing my professional reputation and attracting potential clients. Secondly, participating in speaking engagements and writing articles allows me to stay updated on evolving legal developments, enriching my expertise and broadening my perspective.

    While there may not always be a perfect balance, I find immense value in contributing to the legal discourse through these platforms, both for personal growth and for the benefit of my legal practice.

    You’ve provided legal services across a wide range of sectors, including retail, logistics, hospitality, and more. Is there a particular sector or type of client that you find most rewarding to work with, and if so, what makes it stand out for you?

    Having served diverse sectors, including retail, logistics, hospitality, and others, each offers distinct challenges and rewards, making it difficult to single out one as the most fulfilling. However, if I were to identify a particularly rewarding sector based on personal interest and professional satisfaction, it would be the technology industry.

    Technology is integral to operations across various sectors, from hospitality to healthcare and education. Working with clients focusing on technology is particularly gratifying due to the sector’s rapid pace of innovation and the continuous evolution of associated legal frameworks. Staying abreast of emerging technologies, regulatory shifts, and industry trends keeps me intellectually engaged and drives ongoing professional growth.

    Furthermore, technology firms often operate on a global scale, facilitating complex cross-border transactions and international collaborations. This global dimension adds depth to legal engagements, involving interaction with diverse cultures, legal systems, and business practices.

    In my practice, I have had the privilege of supporting technology-driven enterprises across more than 25 jurisdictions, assisting with business structuring, ensuring regulatory compliance, and navigating intricate cross-border transactions through our extensive global network of associates.

    Working with technology clients not only challenges me to deliver strategic legal solutions but also broadens my perspective as a legal professional, reinforcing my commitment to excellence and innovation in every client engagement.

    Balancing professional responsibilities with personal interests is crucial for overall well-being. What are some of your hobbies or interests outside of the legal realm, and how do you find time to pursue them amidst a demanding legal career?

    Maintaining a balance between professional responsibilities and personal interests is crucial for overall well-being, albeit challenging in the demanding legal profession. Outside of my legal work, I have a keen interest in leisure travel, immersing myself in diverse cultures around the world, engaging in adventure sports, hiking, swimming, golf and indulging in cricket—a passion shared by many in India.

    I make it a priority to play cricket every weekend and ensure I travel at least twice a year, either with my family or solo. One memorable experience was a biking expedition from Delhi to the highest motorable road in Ladakh and back, where I joined a group of strangers connected through mutual acquaintances—a journey that enriched my perspective on camaraderie and adventure.

    Achieving this balance is only possible with the support of a dedicated and responsible team. Their commitment allows me the flexibility to pursue my interests while maintaining the high standards required in our legal practice.

    In your experience, what are some emerging trends or challenges in corporate law that you believe young lawyers should be prepared for as they enter the legal profession today?

    In today’s legal landscape, young lawyers face a dynamic environment characterized by evolving trends and challenges in corporate law. Initially, they must master the art of understanding and interpreting the law, which forms the foundation of their practice. Law is inherently practical and continuously evolves to meet industry demands, interpreting a crucial skill.

    Emerging trends that young lawyers should prepare for include the increasingly complex global legal frameworks due to globalization. Understanding the differences across jurisdictions and navigating international transactions are essential skills. Moreover, the rise of technologies like artificial intelligence, blockchain, and big data analytics is transforming corporate practices. Young lawyers must grasp these technologies’ implications for legal strategy and compliance.

    Another significant trend is the growing emphasis on sustainability and Environmental, Social, and Governance (ESG) laws globally. Companies are facing greater scrutiny and regulation regarding their environmental and social impacts, requiring legal advisors to integrate these considerations into corporate strategies.

    In summary, young lawyers entering the legal profession today must be ready to navigate a rapidly changing landscape. They should embrace continuous learning, adaptability, and a proactive approach to stay ahead in corporate law.

    Internships play a crucial role in shaping the careers of aspiring lawyers. What advice would you give to current law students seeking internships to ensure they make the most out of these opportunities and build themselves into proficient legal professionals?

    Internships are essential milestones for aspiring lawyers, offering critical opportunities to gain practical experience, hone essential skills, and establish professional networks early in their careers. Based on my experience and insights, I advise current law students seeking internships to maximize their impact and readiness for a corporate legal career:

    1. Actively pursue internships with law firms and corporate legal departments aligned with your career aspirations and areas of interest within corporate law.
    2. Approach your internship with a proactive mindset to absorb knowledge and insights from experienced corporate lawyers. Take the initiative to understand corporate transactions, regulatory compliance, and strategic legal advice.
    3. Cultivate meaningful relationships with mentors, senior lawyers, and peers during your internship. Networking within the corporate legal environment can provide valuable guidance and potential career opportunities.
    4. Uphold the highest standards of professionalism, ethics, and confidentiality in all interactions and assignments. Demonstrate reliability, punctuality, and a strong work ethic to earn trust and respect within the organization.
    5. Strive for excellence in every task assigned. Deliver accurate, thorough work products and demonstrate your capability to handle corporate legal matters with attention to detail and precision.
    6. Regularly assess your performance, seek constructive feedback from supervisors, and proactively incorporate learnings to enhance your skills and knowledge base.

    Internships serve as pivotal experiences for aspiring corporate lawyers to develop foundational skills, gain practical exposure to corporate legal practice, and pave the way for a successful career in corporate law.

    Get in touch with Abhishek Bansal-

  • “Passion is key, and success comes from enjoying what you do. Invest time in learning about the industry, attend training sessions, and network with peers. As you climb the ladder, mentor and guide juniors with patience.” – Shagoofa Rashid Khan, Group General Counsel & Head Corporate Affairs at National Investment and Infrastructure Fund (NIIF)

    “Passion is key, and success comes from enjoying what you do. Invest time in learning about the industry, attend training sessions, and network with peers. As you climb the ladder, mentor and guide juniors with patience.” – Shagoofa Rashid Khan, Group General Counsel & Head Corporate Affairs at National Investment and Infrastructure Fund (NIIF)

    This interview has been published by Namrata Singh and The SuperLawyer Team

    Looking back at the journey from your CA articleship to becoming the Group General  Counsel at NIIF, how did you initially decide to pursue a career in law, and what pivotal  moments shaped your decision to specialize in corporate law and investment funds?  

    My career path has been a case of pure serendipity. I chose the CA course as my group of  friends collectively decided this was the path forward for us. After qualifying as a  chartered accountant, I thought of giving civil services a shot. Hence, I picked “law” as a  second subject. I joined Government Law College (GLC), as it was convenient to attend  morning college and get to work at my chartered accountancy firm by 11 am. I had  encountered Nishith Desai Associates (NDA) in my work-related research, and hence  when they came to GLC for campus recruitment, it was a no-brainer to sit for their  interview. From what the interviewer told me later, I came across as a no-nonsense nerd,  and when they made an offer, I accepted. That’s how my journey in the professional field  of law started.  

    In those days, NDA was a leading firm in India in the fields of international tax and  investment funds. I joined the tax team and being a CA-and-lawyer, I got pulled into the  funds team. I thoroughly enjoyed my time at NDA and lapped up every challenge /  opportunity thrown at me, be it international tax advisory, international tax policy, fund  formation, fund documentation, corporate transactions work, pro-bono advisory etc.  

    Looking back, I can only conclude that whenever I was at the fork of a decision in my  career path, I took that leap of faith and successfully ploughed my way with self-belief  and hard work as my tools. And as for the challenging days, I had the blessings and  patience of my family and guidance from friends and well-wishers to pull me through.  

    As the Group General Counsel at the National Investment and Infrastructure Fund  Limited (NIIF), what are some unique challenges and exciting opportunities you  encounter in your current role? 

    When I joined NIIF, I already had over two decades of experience behind me. The niggling  feeling was, what next. I had been an external lawyer as well as in-house, so what more  could I look forward to. In NIIF I found the next chapter in my professional life.  

    During my interview for the post, my boss-to-be asked: what is it that makes NIIF an  appealing opportunity to you? My answer was, NIIF as a sovereign anchored fund is a  unique experiment in the history of India and it would be an honor to be a part of this  history.  

    As Group General Counsel and Head Corporate Affairs (GGC-CA) at NIIF, the unique task I  had to dive right into was ‘stakeholder management’. NIIF is 49% owned by the Government of India and balance 51% by sovereign, quasi sovereign, and other institutional investors (domestic and offshore). The Board is a representative of these diverse stakeholders as  well as independent directors. Hence, as GGC-CA being trusted advisor to the  stakeholders is key. A routine day is a combination of being the voice of reason, providing  clear legal advice, addressing compliance challenges, providing guidance on governance  matters, being sounding board for new ideas, and supporting business teams in executing  strategic decisions. As fiduciary for investors’ monies, it is imperative to approach every  legal/compliance conundrum with thorough technical analysis, test alternate outcomes,  closely monitor execution and reporting.  

    NIIF offers exciting opportunities for professional growth and intellectual curiosity as we  continue to scale our various investment platforms (across various infrastructure sub sectors), expand our private markets footprint, roll out new fund products (including our  maiden India-Japan Fund) and much more.  

    From your extensive experience in structuring funds to managing acquisitions and  joint ventures, you’ve covered a wide spectrum of legal aspects. Is there a specific area  within your expertise that you find particularly fascinating or enjoy working on the  most?  

    My first love has, and continues to be, taxation. As a student, I aced the subject and had  penned “be a core member of the team to re-write the Indian income-tax act” on my  vision board! Well, I haven’t achieved that goal but I have enjoyed my tryst with various  taxation matters. Researching on and writing tax opinions has been tremendously  rewarding, tax structuring of funds, managed accounts, fund investments, strategic  ventures and other collaborations helped me to deftly leverage my passion and expertise.  Through my focus on ‘policy advocacy’, I have also made representations (and drafted  proposed amendments) on tax, legal and regulatory issues.  

    Another fascinating aspect of my professional life (which am sure, other deal junkies like  me will also confess) is negotiating complex contracts. On the execution day of any  transaction, it is absolutely satisfying to check your score card and find that the deal  breakers were addressed suitably and the terms of the resultant contract have emerged  as clear and unambiguous, thus being capable of performance as well as enforcement.  

    In one of my early transactions, when I ended up being chosen as the common counsel  for the buyer and seller of a large real estate transaction, I asked the seller-client (who  had approached me first) that aren’t you worried a common lawyer may find a middle  path rather than fight for your side? His reply has stayed with me since: there is never a  good contract with a bad counterparty and never a bad contract with a good counterparty.  A clever lawyer is one that doesn’t miss the woods for the trees. Stay focused on why that  transaction is important for your company and thereby make the right legal calls for the  longevity and success of the business.  

    As a seasoned counsel, my approach is not to treat the negotiation room as a war zone.  Rather take it as an opportunity for parties on both sides to negotiate in good faith and  with the objective of finding the best workable solution for any deadlock in the commercial imperatives. Having worked on several transactions in my career, I have  realised that a deal can take a life of its own and it is very easy to get caught in the vortex  to make the deal happen. However, knowing when to keep going and when to back off  from a transaction is a critical skill to cultivate. “Sometimes your best investments are the  ones you don’t make”1.  

    As a jury member for awards recognizing Alternate Investment Professionals in India, what qualities or achievements do you look for in professionals that make them stand  out in the field of investments and legal advisory? 

    When Aditya Gadge of Equalifi reached out to me to be a member on their jury for “40  under 40, Alternative Investment Professionals in India”, it felt like coming of age and as if  we the jury members were handing over the baton to the next generation stars. The  nominees definitely lived up to this expectation. The nominees had dedicated years to  their respective fields with passion and had strived to make a mark for themselves.  

    The qualities that I appreciate are: consistency in performance, staying focussed when  faced with a challenge, ability to spot opportunities and own the space, and bias towards  quality in execution. For professionals in the legal and compliance function the qualities  that will make them stand out are: solid foundation (educational / practical training),  ability to navigate the grays, a strong backbone to withstand pressures/not take short  term calls, foresight to spot legal/regulatory changes on the horizon and impact on the  company/business and having an affable personality.  

    Being a member of SEBI’s Working Group on AIF Regulations and other regulatory  committees, how do you see the evolving landscape of investment regulations in India,  and what role do you think legal professionals play in shaping these changes?  

    There is no doubt that we are functioning in a complex and dynamic legal and regulatory  environment. Change is the only constant. Laws are being redrawn, regulations are being  upscaled and regulators are being conferred with enhanced powers. It is no surprise that  in such a scenario, the experienced senior and her freshly minted lawyer are reading the  new law at the same time!  

    Legal professionals play a pivotal role in such times. Legal acumen and clarity in drafting  are the two key skill sets that a legal professional brings to the expert group / committee.  With her experience, the legal professional can also help the ministry / regulator sift  through the clutter and narrow down the mischief that needs to be addressed through  the new law or regulation. The new law / regulation needs to address the ostensibly  contradicting objectives of keeping the industry in check (from malpractices) and support  growth of the industry. Thus, being effective through the policy drafting process becomes  very important.

    Unfortunately, clear drafting is becoming a dying art. Have encountered many lawyers  accessing the myriad library options and walking the easy ‘copy-paste’ path. There was a  time when our seniors would dictate complicated clauses off the top of their heads. The  technological advancements and legaltech solutions have unfortunately stymied the  creativity and thinking on your feet skills of young lawyers.  

    You transitioned from working at a law firm, Nishith Desai Associates, to joining Kotak  Investment Advisors Limited. What factors or considerations influenced your decision  to make this switch, and what notable differences did you experience in working with a  firm versus working directly with a company like Kotak? 

    My primary reason for the transition was to learn the industry from the inside. As an  external counsel, you are sometimes like an ‘armchair advisor’. You provide the advice,  give the pros and cons of each option and you move on. What makes your client chose  one option versus the other, how the risk chips stacked up for each scenario and finally  did the option yield the desired result or not – are all unknown to you as you have already  shut that file and moved on to the next deliverable on your to-do list.  

    Joining Kotak gave me that opportunity to learn the business side of asset management  industry. Building and growing the business by standing shoulder-to -shoulder with the  leadership made me the business lawyer that I am today. I am privileged to have worked  across multiple business / economy cycles impacting this industry. There are lawyers I  have heard say, “in my experience….” but most of these have not had any practical  experience and are merely shooting off theoretical knowledge as experience. If one is  serious about dedicating their professional life to a particular specialisation it is  imperative that one sees that industry from the inside-out.  

    “When you come out of the storm, you won’t be the same person who walked in. That’s  what this storm’s all about.”2 – so is the case with going in-house. You come into your  own – you are a sharper lawyer and decision-maker, you can provide 3600 analysis of the  issue at hand (legal, tax, regulatory, compliance, governance, risk and probability of  success if challenged), and you eventually build your own name/brand within your  company and the industry. For all those who have asked me the question, should they try  an in-house role, my answer has always been – just do it, you won’t regret the decision.  

    Having navigated through prominent roles at Cyril Amarchand Mangaldas and IDFC  Alternatives, what unique insights or perspectives have these experiences offered you,  shaping your journey and imparting valuable lessons to enhance your growth as a legal  professional? 

    I joined Cyril Amarchand Mangaldas (CAM) after 10 years of being in-house. Hence, I will  admit I had my apprehensions. However, I buckled up for the ride, decided not to look back until I had achieved a short-term goal that I had set for myself and thereafter it was  as easy as getting the hang of building your Lego masterpiece! Through my stints at each  of my law firms and employers, the learnings I have gathered are:  

     Hire wisely: Take your time to find the right mix of professionals to be on your team.  A team is as strong as its weakest link. When you hire right, the members will up the  game for each other, will learn from each other, will work collaboratively and create  a lasting professional camaraderie. The corollary also implies that you need to let go  of the one that don’t make the cut, bring the morale down or don’t work as one team.  

     Be generous with your time: not just with your clients but also your team. The clients  and team are your twin responsibility as the team head. You need to make time and  effort to understand them well in order to succeed.  

     Learn-Unlearn-Relearn: keep an open mind. There are learnings to pick up from every  interaction. When tackling a challenging matter, empty your cup and restart to find  the right solution for the client. When juniors are going through personal challenges,  be kind and patient. If the junior is a sound and committed lawyer you don’t want this  talent to get lost, be supportive and collaborate with her in navigating the path.  

     Don’t indulge in a race to the bottom: Don’t compete on price. When you know your  expertise and experience lead to a superior output then command that premium.  Work with the people who will pay the value for your worth.  

     Clarity and forthrightness: Provide clear view based on fine reading of the law and  supported by appropriate underlying research. The number of “should” opinions are  increasing, so what is the client getting from such opinions. Another one of my favorite  quotes is: contradictions don’t exist, check your premises.3 Do your best in navigating  the greys and narrowing down to the right answer / solution. Stay your ground and  don’t compromise.  

     Don’t get complacent: “On a stone that doesn’t roll, moss grows certainly”. Keep  investing in yourself and your intellectual growth.  

    With over 25 years of experience, you’ve witnessed the evolution of the legal  landscape. Could you share some challenges you faced during your early career, and  how do you perceive the changes in the education system and internship opportunities  for aspiring legal professionals today?  

    I neither came from a family of lawyers/judges nor did I spend enough time at law college  as I had to hurry back to work post lectures. I remember bungling my first (and only) moot  court appearance! I learnt the ropes along the way. From education system wise, some of  the law schools are doing an excellent job at building the foundation of sound legal  knowledge in students. However, the ‘business’ of education comes in the way at times  and churning out graduates in large numbers takes over. Law firms too hire 100-200  students from law schools and throw them at the deep end of the pool. The legal  fraternity then loses talent as either the young minds burnout or leave the profession due  to lack of mentors, sponsors or support in carving their own niche. 

    Currently, there is an  evident short supply of talent in the middle (5 to 10 years PQE) segment. Most corporates are hesitant as in the short internship stints one is neither able to extract value nor make  effective use of an additional resource. However, it is imperative for corporates to take  on the ownership of providing more internship opportunities and these opportunities  could be created not just in legal and compliance functions but also in the business teams  as it would be a wonderful opportunity for the young minds to be exposed to a ring side  view of corporate India. To the students, my advice is to do as many diverse internships  as possible. Don’t box yourself too soon, in one field or another. Try out multiple  fields/businesses/practices, you may or may not choose that field eventually but the  learnings you will gather would be transportable and will stand you in good stead.  

    You’ve been recognized in various lists, including BW Legal World’s Top 100 General  Counsel Power list. What does such recognition mean to you, and how do you think it  contributes to the representation of women in leadership roles in the legal domain?  

    Being named on the BW Legal World Top 100 General Counsel Power List 2022 was a very  humbling and rewarding experience. When one’s work is validated by a jury of eminent  seniors from your field and you stand amidst peers that you hold in high esteem, it works  like a booster shot and makes you power on with renewed energy. The women comprised  ~ 35 out of the Top 100. Surely, there is scope for many more women professionals to  make their mark in leadership roles. May our tribe increase!  

    Improving the representation of women in leadership roles in the legal domain requires  concerted efforts to not lose talented women. To begin with, recognising that most  women professionals still carry a disproportionate burden for domestic deliverables despite  both spouses having similar demanding jobs. She goes through phases where going the family way, rearing the kids and providing elder care will raise demands on her time. So long as the woman professional is committed to career, it would be helpful to provide flexible options / customised solutions with respect to role, office timings or pace of  career growth. Another solution would be to provide a path for women to return to  fulfilling roles post their career breaks.  

    Apart from your professional achievements, we’re curious to know if you have any  hobbies or interests outside of the legal world. How do you unwind and recharge  outside of work? 

    While my professional work satiates the left side of my brain, my hobbies leverage the  right side of my brain. Hence, if I wasn’t a lawyer, I would have been an artist. I enjoy  dabbling in acrylic and oil painting (on canvas) and generally indulge in creative projects  around my house. I enjoy music and in fact when tacking a badly drafted document, I  switch on my playlist and hack through the document at the beat of my favorite songs!  Being a Mumbaikar has also been a boon, as I love going for longs walks along the sea face  after a tiring work-day as the cool sea breeze and hum of the city immediately recharge  my batteries.

    The legal profession is constantly evolving. What advice would you give to young legal  professionals who are just starting their careers, especially in navigating the  complexities of corporate law and investment funds?  

    A lawyer’s life is not easy. It is a demanding career and my first piece of advice is don’t  venture in this field unless you are passionate about law. Choosing to be a lawyer because  it is a safe financial bet will lead you to disengage very soon and you will end up dragging  yourself to work unhappy and bored. You will achieve your true potential only when you  enjoy what you do. If you are a good lawyer, you can distinguish yourself from your herd  of fellow lawyers by being curious, reading the text of law / regulation thoroughly,  challenging the premises, researching underlying legal principles and absorbing from the  conversations when participating in clients meetings / leadership meetings.  

    There is no textbook / handbook on the funds industry. So, the more time you invest in  learning about the industry the better lawyer you will be. Invest time reading about the  industry players (there are many corporate biographies / founders biographies),  understand the business of investing, research the legal structural options in India and  across the globe, study the commercial clauses of fund documents closely, understand  the trends / preferences of capital allocators (investors), get an exposure to work in other  jurisdictions, and research on laws/regulations (and their evolution) in relation to the  funds industry in other countries. When in doubt, ask for help. Reach out to your partner  and request time to discuss and understand better your work, your work output and ways  in which you can improve and grow. Further, attend training sessions conducted by  industry bodies (e.g. IVCA, CII, FICCI etc.) and above all network and interact with lawyer peers as well as peers from within the industry. Lastly, when you become successful and  reach the top, remember to send the elevator back down for the others i.e. be a patient  mentor and guide to your juniors. 

    1Donald Trump, in the article available at https://www.niveza.in/stock-news/learn-investing/sometimes-your-best-investments-are-the-ones-you-dont-make-donald-trump#:~:text=Sometimes%20your%20best%20investments%20are,don%27t%20make%20%2DDonald%20Trump

    2Haruki Murakami.

    3Atlas Shrugged, Ayn Rand.

    Get in touch with Shagoofa Rashid Khan–

  • “In the legal profession, I see myself more than a lawyer—I’m a provider of comprehensive solutions. From environmental concerns to individual rights, the legal realm is inclusive.” – Praveen Pathak, Managing Partner of Praveen Pathak & Associates.

    “In the legal profession, I see myself more than a lawyer—I’m a provider of comprehensive solutions. From environmental concerns to individual rights, the legal realm is inclusive.” – Praveen Pathak, Managing Partner of Praveen Pathak & Associates.

    This interview has been published by Namrata Singh and The SuperLawyer Team

    Sir, what inspired you to make your career in law? while you did that, you became a managing partner at Praveen Pathak, and Associates so would love to hear about your journey.

    Allow me to provide you with some context initially. I didn’t start my professional journey as a lawyer; I was a financial consultant at ICICI Prudential and other financial institutions. My perspective shifted during the aftermath of the 2008 Lehman Brothers collapse, witnessing individuals earning substantial annual incomes suddenly losing their jobs. The realization that our profession lacked job security prompted me to reevaluate my career.

    As someone accustomed to starting my day early and returning home late, the prospect of idleness after losing my job was challenging. Despite facing this situation, I didn’t share my predicament with my family. It was during this time that I stumbled upon information about the legal profession, which intrigued me. Although I had heard during my studies that law was a demanding field, my background in understanding people’s needs and navigating complex situations made it seem less formidable.

    Being solution-oriented has always been my approach, and I bring this mindset to the legal profession. I see myself as a provider of comprehensive solutions, not just for individuals but for entire families and the corporate world. Many people, especially newcomers, lack a clear understanding of what they are getting into when pursuing a legal career. I take it upon myself to guide them and emphasize that the legal profession is inclusive, extending to everything from environmental concerns to the rights of individuals, unborn children, and even those who have passed away.

    In discussing our current conversation, conducted over the internet, I highlight the universality of legal solutions. Where there are rights, there are remedies, applicable to every individual seeking solutions. Despite the observed gap in training within the Bar Council of India, I believe organizations like LawSikho play a crucial role in bridging that divide with their wealth of knowledge. I express this sentiment genuinely, independent of the fact that I’m being interviewed by someone associated with LawSikho.

    How was it when you were with ICICI Prudential? And then all of a sudden, you had to switch jobs you rather had to switch professions. What kind of impact does it have on you? I would say mentally, and professionally. And how is it that your family cooped up with it?

    To be completely candid, the impact of certain events has a profound influence on one’s life. The pivotal question is: How do you choose to navigate that impact? Is it a stumbling block that knocks you down, or do you transform it into a stepping stone for reaching new heights? Personally, I have always viewed every impact as a stepping stone, an opportunity for growth and learning. Life itself is a series of impacts—from the moment of birth when we know very little, to the present moment where I find myself being interviewed, answering questions about my experiences.

    Life, much like a movie, unfolds, and through its narrative, it imparts valuable lessons. The key lies in our readiness to comprehend and appreciate the teachings that life imparts. The collapse of Lehman Brothers, for instance, presented me with a golden opportunity. It wasn’t just a setback; it was a chance to glean essential insights and evolve. Life constantly provides opportunities for learning, and recognizing them can lead to remarkable personal and professional development.

    Could you provide insights into your legal responsibilities in your role as Vice President at P&P Advisory? How do you manage the dual responsibilities of being a Managing Partner and a Vice President simultaneously? You are essentially an authority figure in these roles. Moreover, how do you ensure effective outreach to a broad audience, serving as a guide and mentor to the maximum number of individuals? Can you shed light on your approach to fulfilling these mentoring responsibilities?

    I attribute the perceived success that people recognize in my journey to the dedicated networking efforts spanning over 15-20 years. Many individuals, who started their endeavors at various points in time, found a connection with me at some intermediate level, and our relationships flourished. I offered my services, and one key takeaway for anyone reading or hearing this is the importance of nurturing relationships at every stage of your life and career.

    Regardless of your current status or level, if you foster meaningful connections and contribute value to those relationships, the network you build over time will become increasingly robust. I emphasize the significance of evaluating and offering solutions within your relationships. When you place your solutions or products on this network platform, the people connected to you will embrace them with open arms.

    Throughout my career, I cultivated connections with individuals in advertising agencies, corporate companies, financial institutions, home loans, and banks. The welcoming reception I received was a result of the commitment and assurance I consistently provided. When I made promises and commitments, they were backed by the legacy of 20-25 years of experience. Venturing into the legal field without a specific legal background or a legal “Godfather” was made possible through my strong connections with corporates and individuals. This network enabled a rapid and successful transition for me.

    Transitioning from a finance background to law was facilitated by your network, but the aspect of your humble behavior—how has that contributed? These insights must reach new learners so they can understand the significance of humility, positivity, and perseverance in building a successful network and career. Your views on this would be invaluable, and if you could share a motivational message—whether it’s two lines or ten—I believe it would greatly resonate with those seeking inspiration.

    For all the learners out there, here’s a piece of advice: Take a moment to look around, find ten people on your left and another ten on your right. Say hello, introduce yourself as a lawyer, and commit to standing by them through thick and thin. Building a network is not just about connecting; it’s about being there when they need you. Regardless of your background—whether in law, finance, or any field—the key is to be a good human being.

    In every interaction, be considerate rather than demanding. Adopt a solution-oriented approach; be a problem solver. When someone approaches you with a legal issue, don’t jump straight into litigation—consider alternative solutions like amicable settlements. By becoming someone who provides solutions, you not only gain respect but also establish yourself as a reliable and valuable resource.

    Understanding people’s problems is crucial. Everyone faces challenges, and your role as a solution provider extends beyond legal matters. A practical example is akin to a pharmacist directing a customer to another store for a specific medication. By doing this, you not only solve the problem but also position yourself as a one-stop solution for various needs, be it financial or otherwise.

    If you aspire to specialize, focus on areas that interest you. Form a team with like-minded individuals who share your passion, especially if you are pursuing a practice rather than traditional employment. For those seeking self-employment, your value is paramount—you are your own shop. Be considerate, offer valuable solutions, and remember that sometimes people simply need affirmation, even when they already know the solution. A sincere and valuable presence is often all that’s needed.

    What insights would you offer to newcomers, especially in terms of patience? Could you share your personal experience, the struggles you encountered, and the valuable lessons you gleaned?

    One crucial aspect to note is the shift in perspective from using the term “struggle” to “challenges.” In a world where effective communication is a skill set we possess, with a vast market and numerous products available, the issue is not about selling itself. The real challenge lies in approaching the right objectives. Rather than struggling to make a sale, the focus should be on meaningful connections. Starting with a goal of meeting 50 people is a simple yet effective way to initiate this process.

    A significant challenge many face is reluctance to discuss legal matters due to shyness or a lack of confidence. Building this confidence is a critical step. It involves addressing challenges systematically, step by step, just like counting from 1 to 5. For newcomers, starting with straightforward legal matters like negotiable instruments or straightforward divorces is a practical approach. These areas do not require rocket science to understand, and I extend an invitation for anyone eager to learn to visit my office for a week of free lessons.

    Offering free services in areas like recovery matters or consumer cases serves a dual purpose. Firstly, it allows individuals to learn through practical application, and secondly, it creates a lasting impression. By providing a solution free of cost, you become imprinted in their minds as a reliable resource.

    Importantly, the challenges are not external but internal. It’s about being open to adopting new approaches and being willing to learn. The real battle is not against external forces but within oneself, and the key is to stand up, confront those internal challenges, and keep moving forward.

    If we step into your shoes as an individual practitioner collaborating with startups and corporates, what new challenges emerge, and what insights have you gained from these experiences? Do you believe that encountering these challenges contributes to personal and professional growth, irrespective of whether one is a first-generation or second-generation lawyer? Moreover, how do you perceive these challenges shaping you as an individual beyond your role as a lawyer?

    Let’s approach it as challenge number one, not a struggle. Challenge number two: proactively engage in tasks. Reach out and express your willingness to assist, saying, “I’d like to do this for you. Can I help?” In an environment where everyone seeks help and wants someone to handle their responsibilities, spending time working diligently for others becomes crucial. However, a significant hurdle arises—there seems to be a shortage of students who are willing to adapt, choose to work, and invest time.

    I apologize for being candid, but the reality is that only about 10% of individuals exhibit a serious commitment. The remaining 80% may talk about struggles but often fail to take meaningful action. It’s essential for individuals to reflect on their choices and question whether they are truly dedicated to the work.

    Personally, I believe that 20% of people are inherently eager and capable of comprehending and implementing the tasks discussed here. For the remaining 80%, a common pattern emerges—expressing a desire for progress without corresponding action. This might sound straightforward, but it’s crucial for people to evaluate whether they are genuinely aligned with the work they’re pursuing.

    I never instruct my juniors or interns to handle my files, as they are not clerks. Instead, I encourage them to spend time understanding the workings of a clerk, as it forms the foundation of their background. Clerks are invaluable resources and are willing to share their insights and solutions. Regarding the assignments provided by LawSikho, completing them is a significant step—accomplishing them means covering 70% of the necessary groundwork.

    Commendably, LawSikho is doing remarkable work, and its impact should extend to a broader audience. I believe that 70% of individuals who may not have completed half of the assignments would significantly benefit from the institution’s initiatives. The world is replete with opportunities for those willing to explore, but success requires genuine willingness and dedication.

    Reflecting on your global presence, can you elaborate on the notable differences you’ve observed between the local world, particularly around 2005-2006 before the Lehman Brothers crisis, and the transformed global landscape that emerged afterward? What broader societal impacts have you witnessed, particularly in the context of India opening up to the world?

    Understanding the world today is far more accessible and straightforward than it was in 2019, let alone in the early 2000s. The transition from the graduating class of 2000 to the present generation is marked by the significant introduction of artificial intelligence, shaping an era where answers to virtually every question are readily available. The abundance of opportunities may appear daunting to some, but it’s essential to recognize that every perceived threat carries an inherent potential for benefit.

    Embracing new technologies and staying informed is crucial. Even a tenth-grade student from a reputable public school can guide you through these innovations. In the context of COVID times, I recall having a busy schedule while many were not yet comfortable with Zoom meetings. Surprisingly, more than 50% of lawyers were sitting at home, and I had a substantial workload during that period.

    Staying informed about your surroundings and current market trends is now easier than ever. Regularly reading newspapers allows you to engage in meaningful conversations about ongoing events. Keeping yourself updated through specific magazines or newspapers tailored to your field is equally important. Additionally, being part of a peer group or a community of lawyers provides valuable insights and support. Networking within a group of legal professionals creates an environment where lawyers can share experiences and knowledge, contributing to collective growth.

    Highlighting the significance of research, how crucial do you consider it for individuals, whether they are lawyers or chartered accountants? You mentioned that during the COVID period, you experienced an increase in workload beyond expectations. Could you elaborate on how research played a pivotal role during that time and how it contributes to your knowledge, especially in areas such as artificial intelligence? What has been your approach to learning and staying informed in these domains?

    I firmly believe that there’s no substitute for hard work, and by hard work, I mean rigorous research. Often, we overlook the importance of taking the time to thoroughly read the complete orders passed by the Supreme Court. Understanding why a single judgment spans multiple pages and carries various connotations is essential. It demands patience, dedicating long durations to continuous reading, sometimes up to 30 or 45 minutes for a single judgment. Complaining about the length becomes invalid when you realize that this comprehensive approach is critical to the legal profession.

    In the legal realm, research should be an integral part of your daily routine. Just as a chef deals with spices and ingredients, a lawyer should engage with extensive reading. This practice provides a wealth of material to discuss and forms the foundation for constructing well-informed opinions. The readings you engage in essentially lay the groundwork, making reading and researching indispensable elements in the legal profession with no substitutes whatsoever.

    You’ve consistently emphasized positive changes extending beyond the legal fraternity and the legal realm. Could you share insights into the initiatives and activities you’re involved in? Additionally, how do you envision your contribution to creating a better world for Homo sapiens, as you often express? What specific proposals or strategies do you have in mind to achieve this vision?

    Survival hinges on three essential elements: air, earth, and water. Understanding the crucial link between our well-being and the environment, I emphasize the importance of giving back. Unfortunately, in the pursuit of development, the environment often faces exploitation with limited legal intervention. Those studying law or engaging in environmental materials must recognize this responsibility.

    To address these concerns, I’ve initiated the JAL THAL VAYU Foundation. While its success may be uncertain, the aim is to inspire action. JAL represents the need to cleanse rivers and oceans, emphasizing water harvesting. Simultaneously, we encourage tree planting and other earth-centric activities under THAL. It’s a simple call to action – if you’re a lawyer, plant five trees. Engage in climate movements. This is not just charity; it’s a shared responsibility for everyone, you, me, and the entire community. The interconnectedness of air pollution, water, and soil underscores the significance of every action we take. By planting a tree, we contribute to supporting all three vital elements.

    Get in touch with Praveen Pathak-

  • “In the pursuit of legal excellence, a commitment to continuous learning, a higher purpose, and a passion for sharing knowledge become the cornerstones of a fulfilling journey.” – Satwinder Singh, Founder and Managing Partner, Aekom Legal

    “In the pursuit of legal excellence, a commitment to continuous learning, a higher purpose, and a passion for sharing knowledge become the cornerstones of a fulfilling journey.” – Satwinder Singh, Founder and Managing Partner, Aekom Legal

    This interview has been published by Namrata Singh and The SuperLawyer Team

    Mr. Singh, your journey from Jalandhar to the establishment of Aekom Legal is truly inspiring. Can you walk us through the key moments that shaped your path in law, from your commerce graduation to founding your own firm last year?

    Thank you for acknowledging my journey. Initially, the prospect of practicing law was not a consideration during my undergraduate years. However, a strong desire for attaining a professional qualification drove me forward. To support my parents, I decided to pursue law through evening classes while working during the day. Simultaneously, I successfully completed my Company Secretary (CS) course while serving at the State Bank of India, stationed near the border towns of Punjab. After completion of my CS qualification, I left the bank and joined as a company secretary and then headed the office of a merchant banking firm in Chandigarh. My journey took a turn when I found myself amidst the challenging financial landscape following the collapse of the capital market. It was then that I recognized the enduring potential in practicing in the field of corporate and commercial laws.  

    With this foundational expertise, I found my stride as a corporate lawyer, starting as an associate in one of Delhi’s notable law firms. Over time, I climbed the ranks to become a Partner. After accumulating over 24 years of valuable experience, I made a pivotal decision – to establish our own law firm, ‘Aekom Legal.’

    The journey from Jalandhar to founding Aekom Legal has been fueled by a deep-rooted sense of purpose and is a story of continuous learning, professional growth, and an unwavering commitment to excellence in the field of law. 

    The name “Aekom” is derived from the first word of Gurbani, “Ek Onkar” or “God is One.” Can you share a bit about the significance of this name and how it reflects the ethos of your law firm?

    The name ‘Aekom’ holds a profound spiritual significance for our law firm, drawing inspiration from the sacred Gurbani phrase ‘Ek Onkar’ or in Hindi “एक ॐ” which translates to ‘God is One and all pervasive’. This name choice reflects not only my personal spiritual inclination but also a deep belief in the principles of unity and divine presence. 

    Choosing the name ”Aekom” was a deliberate decision, driven by a desire to transcend self-interest. It symbolizes our commitment to infuse our legal practice with higher purpose and a dedication to ethical and principled legal services. In essence, ‘Aekom’ encapsulates the core values of unity, integrity and a profound sense of responsibility and righteousness. 

    Moreover, the ethos of our firm is rooted in the belief that the pursuit of knowledge is integral to success. We hold a steadfast conviction that for every problem, a solution exists somewhere.

    This guiding philosophy shapes our practice, fostering a culture of continuous learning and problem-solving to better serve our clients and the community at large. 

    You’ve authored and co-authored books and articles. What drives you to contribute to legal literature, and can you share a memorable experience related to your writing?

    Engaging in legal literature has been a deeply gratifying journey, propelled by my unwavering commitment to disseminating knowledge. My extensive experience as a regular faculty at ICSI, where I taught corporate law matters, including corporate restructuring and stamp duty to aspiring company secretaries, laid the foundation for this endeavor.  Additionally, I’ve had the privilege of being a speaker at various forums, such as different chambers of commerce, where I shared insights on Corporate Law, delving into topics like joint ventures, mergers, and acquisitions. 

    The inspiration to actively contribute to legal literature stems from these interactions, providing not only a platform to share expertise but also fostering a meaningful engagement with evolving legal concepts. My driving force has always been the ceaseless pursuit of knowledge – an ethos underscored by a personal motto influenced by the belief that seeking the blessings of Goddess Saraswati, the goddess of knowledge, will naturally attract the blessings of Goddess Laxmi, symbolizing wealth and prosperity. 

    This reciprocal process of learning and sharing underscores the significance of contributing to legal literature as not just a professional duty but a continuous and rewarding endeavor for personal and professional growth.

    Over your extensive career, your expertise has expanded from corporate law to insolvency matters. What motivated you to diversify, and how has this expansion enriched your professional journey?

    The introduction of the Insolvency and Bankruptcy Code in 2016 in India served as a pivotal moment, motivating a deliberate shift towards the intricate domain of insolvency matters. With a strong foundation in company law and having successfully navigated over 300 matters in the area of corporate restructuring, right from conceptualizing to execution, and working on  various Company law realms, including joint ventures, acquisitions etc. I recognized the transformative potential of this new legal framework. 

    Driven by my deep passion for company laws, I proactively sought certification as a Resolution Professional, becoming one of the earliest individuals to achieve this distinction. This strategic move was fueled by a desire to remain at the forefront of the evolving legal landscape.

    This strategic move has proven invaluable in real-world cases, allowing me to apply my enriched understanding of company laws to the dynamic challenges presented in insolvency proceedings. Early involvement in diverse matters has conferred a unique advantage, positioning me as a pioneer in this evolving field.

    In essence, the introduction of the Insolvency and Bankruptcy Code acted as a catalyst, seamlessly merging with my background in company law and inspiring a purposeful pursuit of insolvency matters. This strategic alignment has not only enriched my professional journey but has also empowered me to offer comprehensive and effective legal solutions to clients navigating the complexities of corporate challenges and financial distress. Some of the notable achievements in the stressed assets acquisitions is navigating the acquisition of Ruchi Soya for Patanjali Group, Orchard Pharma acquisition for Dhanuka Group and many other acquisitions in M&A space. It also helped us to build a strong Dispute Resolution team. 

    You’ve been appointed as a member of the Appellate Authority under various acts. How does this role contribute to your broader vision for the legal profession, and what challenges or successes have you encountered in this capacity? As the Chairman of the NCLT/NCLAT Task Force, what initiatives do you envision to enhance the efficiency of these tribunals, and how do you plan to address current challenges in corporate litigation?

    The Government by notification appointed me as a member of the Appellate Authority for a period of three years. It’s an authority constituted under CA, CS and ICWA Acts. I feel privileged to take up this honorary role where you get the opportunity to dispense justice and also play the role as reformist. As the Chairman of the NCLT/NCLAT Task Force constituted by ICSI, my vision revolves around recommending the ways and means to streamline and enhance  the efficiency of these tribunals. The Task Force has submitted a comprehensive report to the President -ICSI. Once it is approved by the Council of ICSI, it will be submitted by the ICSI to President NCLT and other relevant authorities. This report focuses on vital initiatives to reform the system and address current challenges in corporate litigation. The emphasis is on reforming the process to make it more accessible and responsive to the dynamic needs of corporate litigation. The proposed initiatives seek to create a framework that not only expedites proceedings but also encourages a more collaborative and efficient resolution of disputes within the ambit of the NCLT and NCLAT. A key aspect highlighted in the report is the incorporation of mediation in the NCLT framework. By introducing mediation, we aim to unclog the current system and provide a more efficient alternative for resolving disputes. This initiative aligns with the broader goal of enhancing the overall efficiency of NCLT and NCLAT, ensuring a more expeditious and effective resolution of corporate litigation. I would also like to take the opportunity to thank ICSI for believing in me.

    Being recognized as a Notable Practitioner in M&A and Private Equity by IFLR1000 is a significant achievement. How did you celebrate this recognition, and what does it mean to you personally and professionally? 

    Being acknowledged as a Notable Practitioner in M&A and Private Equity by IFLR1000 is a momentous achievement that holds both personal and professional significance. Personally, I celebrated this recognition by taking a moment to reflect on the journey that led to this recognition. Gratitude fills my heart for the collaborative efforts and unwavering dedication that played a pivotal role in reaching this milestone. From a professional standpoint, this recognition is a testament to the commitment and expertise invested in the field of M&A and Private Equity.  The acknowledgment from IFLR1000 underscores the importance of consistently delivering high-quality legal services and upholding a standard of excellence in practice. 

    This achievement not only bolsters personal confidence but also elevates professional credibility, creating new avenues for opportunities and collaborations within the legal realm. 

    When you’re not immersed in legal matters, what are your favorite activities or hobbies that help you unwind? What inspires you outside the legal realm, and how does it influence your approach to your work?

    In my early part of life, playing Tabla at Gurdwara was an activity of my life and over time, it has become a cherished hobby that evolved into a source of joy and relaxation. My love for playing Tabla is not just a leisure activity but a source of inspiration that brings balance to my life. It infuses a sense of achievement and a well-rounded perspective into my professional endeavors, enhancing my effectiveness in the legal world. Engaging in heartfelt conversations with friends is another way I find solace. Meaningful exchanges with friends provide me insight and a refreshing break that helps me to continue to work in a positive manner. 

    You’ve been actively involved in various roles, including the past Chairman of NIRC of ICSI. How do you see your legacy in the legal profession, and what advice would you give to aspiring lawyers and company secretaries? 

    Active engagement in diverse roles, including my tenure as the past Chairman of NIRC of ICSI, has been a defining force in shaping my professional journey. These leadership roles have not only honed my skills in public speaking but have also cultivated essential leadership traits that prove invaluable in navigating the intricate landscape of the legal profession. In essence, my legacy in the legal profession reflects the importance of a balanced approach—blending academic excellence with hands-on exposure and continually striving for both personal and professional growth. Opportunities like these should be embraced, as they not only provide a platform to showcase your strengths but also contribute significantly to your overall development.

    To aspiring lawyers and company secretaries, my advice is simple yet profound: work hard, have a thirst for more knowledge, and adhere to the motto that drives your passion. The legal profession demands a relentless pursuit of excellence, and a strong foundation of knowledge coupled with dedicated effort is a key to success. Embrace every opportunity for learning and active participation, as they will serve as stepping stones toward a fulfilling and successful career in the dynamic and ever-evolving field of law. 

    Get in touch with Satwinder Singh-

  • It becomes easier when I allow some aspects of work-life slip into my non-work life and vice-versa, i.e. integrate the two, rather than making rigid efforts to keep them segregated- Leader, Investment Funds Practice at Nishith Desai Associates

    It becomes easier when I allow some aspects of work-life slip into my non-work life and vice-versa, i.e. integrate the two, rather than making rigid efforts to keep them segregated- Leader, Investment Funds Practice at Nishith Desai Associates

    This interview has been published by  Priyanka Karwa and The SuperLawyer Team

    Can you tell us about your journey into the field of law? How did you end up pursuing a career in law, and what inspired you to choose this path?

    I was allegedly a rulebreaker as a child. Therefore, I was repeatedly taught the importance of rules and order. I was keen to learn who makes these rules, and why should I abide by them. This took me to the field of law. I also had the opportunity to often visit my parents’ friend who was a district court judge. She commanded a lot of respect, and that inspired me. More than anything else, I was looking for a field of work where I could do well enough to create my own space in a city of my choice. Law fit the bill.

    You’ve had a remarkable 9-year journey at Nishith Desai Associates as a Legal Associate and now as the Leader of the Investment Funds Practice. Could you share some highlights and turning points in your career during this time?

    I joined as a disputes intern at NDA in 2013. Incidentally, my desk was in the middle of the Investment Funds team. I got most of the work from this team and I developed a liking for the practice. It was different, it touched upon different legal subjects, and I was keen to learn more about the industry. Finance had always eluded me. This practice area reintroduced me to finance from a legal perspective. The turning point in my career was having to take up a position of leadership quite early due to the dearth of lawyers specialising in this practice area. Under appropriate guidance and encouragement, I have been able to deal with the overwhelming expectations from a leader.

    As a seasoned professional in the legal industry, what challenges did you face during your journey, and how did you overcome them?

    I prefer a conversation over a squabble. If the other side preferred a squabble, then I often felt withdrawn from the discussion. However, over the years, I have learned that a squabble can be turned into a conversation. It just takes a lot of skill and grace to do so.

    In your current role as the Leader of the Investment Funds Practice, what are the key responsibilities and areas of focus?

    There are three main focus areas that I try to focus on:

    (i) client acquisition and servicing;

    (ii) mentoring and bringing up the next league of leaders; and

    (iii) continuing self-education and using that to assist policy makers and regulators.

    The legal industry is constantly evolving. How do you stay up-to-date with the latest developments and trends in the field of law?

    I have subscribed to many newsletters prevalent in the industry, I regularly attend webinars and conferences on topics of interest, we conduct focused research across different platforms to improve specialised knowledge, we write a monthly newsletter ourselves which is well resourced, the entire team brainstorms on every update in law in our practice area and reading the newspaper always helps.

    Could you share a memorable or impactful case or project you’ve worked on during your career that left a lasting impression on you?

    I worked and led many efforts on the formation, raising and each of the closings of the National Investment and Infrastructure Fund, which is the largest infrastructure fund sponsored by the Government of India (49%). We had the opportunity to negotiate with the most leading sovereign wealth funds across jurisdictions, learn about local laws and restrictions applicable to such investors, their expectations from Indian funds which are sponsored by the Government. We honed our skills to manage multiple investors and conflicting expectations at the same time. We developed endurance to work through late nights and weekends in a manner that no amount of workflow could scare us afterwards. Each document drafted by us underwent many rounds of review by the best law firms across the globe, giving us insights and opportunity to exchange notes across borders. This particular project definitely left a lasting impression on me.

    What motivates you to continue pursuing a career in law, and what aspects of your work do you find most fulfilling?

    I am good at this, and I enjoy getting better at this. I think I am mostly self-motivated. We assist either fund managers, or fund investors in mobilising capital which is then invested across different businesses, giving rise to employment, innovation, development and economic progress. We play a small but significant role in getting the deal through and that is quite fulfilling.  

    As a leader in your practice area, how do you maintain a work-life balance and ensure the well-being of your team?

    The meaning of ‘work-life balance’ is not universal. It is dynamic and it evolves over time. For me, it becomes easier when I allow some aspects of work-life slip into my non-work life and vice-versa, i.e. integrate the two, rather than making rigid efforts to keep them segregated. I try to remain emotionally connected with my team-members so that they trust me and feel comfortable in confiding in me when things get too overwhelming. I am apologetic if (in rare circumstances) I take up their weekend time. I mostly encourage my team-members to decide timelines rather than dictating timelines unless clients are getting adversely impacted. I try to ensure that my team-members are not bothered with calls and work when they take vacations.

    Finally, what advice would you like to give to fresh law graduates who are about to enter the legal profession? What key qualities and skills do you believe are essential for success in this field?

    Try not to restrict your wardrobe to black and white. There will be days when you will get to wear colours. Every lawyer is different despite what people may tell you or the jokes you may hear. There are no defined rules to be a ‘good lawyer’ or a ‘bad lawyer’. Try not to put yourselves in boxes, try to explore and innovate, and try to remain keen. You will possibly find it easier to work as a lawyer if you are able to (i) translate your thoughts (and your clients’ thoughts) into appropriate and impactful words, (ii) break sentences or statements down into smaller phrases and make sense out of each phrase independently,  (iii) get to a point or bring the other side to a point in an unsuspecting manner; (iv) be tolerant and inclusive, be prepared rather than being shocked at your arguments or points of view being defeated.  

    Get in touch with Nandini Pathak-

  • Abheek Saha, Amrit Lal Saha & Associates, on building a career in Investment Law

    Abheek Saha, Amrit Lal Saha & Associates, on building a career in Investment Law

    Abheek Saha graduated from M.S. Ramaiah College of Law, Bangalore (2007-2012). With a passion towards investment, he started investing at the age of 16 in the Indian stock market. Later, after the RBI rules were liberalized, started investing in the currency market. With a special interest in Investment laws, during the college days,he concentrated on the various changes – developments of Indian and foreign investment laws, arbitration, investment arbitration, Consumers Protection, Competition laws, etc.

     In this interview, he talks to us about

    • His experience at M.S. Ramaiah College of Law.
    • How did he develop a special interest in Investment Law.
    • His experience as a fresh graduate.
    • Important factors students should keep in mind while building their potential career graphs.

    How would you introduce yourself? Can you please share a little bit of what motivated you to pursue law as a career?

    Law was never a second choice for me. It was always first. The decision to pursue law may be because of both my personal interest and having already seen my father practice for many years.

    Like all 11th – 12th standard school students deciding on a career in law, I too searched for all the various places a law graduate can work after passing out of law college, and the search results the law firm, companies, or in the field of litigation broadly. The prospects looked good and that validated further my interest in law.

    Kindly acquaint us with your college life. What activities you were involved in apart from regular academic curriculum?

    I was in M.S. Ramaiah College of Law, Bangalore, and mostly stayed in hostel all through the 5 years and really lived the hostel life. Among all, the Ramaiah hostel was little exception with limited restriction on movement in the night and thus could explore Bangalore during those hours.

    Sports were quite limited and I only used to go for early morning basketball with hostelites near the Ramaiah Degree college and sometimes for the table tennis after classes in the old college building. Our college building shifted to a new one when we were in final year.

    Moot court was never part of our curriculum except during practical- the final two years. But I took special interest in them and in my second year participated in the Manfred Lachs Space Law Moot court competition – the ISRO funding round (NLSIU, Bangalore) and was really happy to see my Speaker score there. This was indeed my first moot court outside college. I also participated in Justice B R Sawhney Moot Court competition at NALSAR Hyderabad. I believe participating in these competition have broadened by research skills and also how to read, interpret and understand law during early days of law college. Apart from these two I have also participated in various intra and inter college competitions. We were Runners-up in ‘Mooting for Success’ organized by Law Department, Garden City College in 2010. My friend Satabish Ajjarapu who is presently a lawyer in Vizag was my Co-Speaker.

    How did you develop a special interest in Investment Laws? Did you have other areas of law that interested you? How did you ultimately choose your field of work?

    Investment related field was always my interest not only during law college days but from my school days. I used to do trading in stock market, later in currency market. So during law college there was a natural affinity towards investment laws. I have also completed a Diploma in Securities & Investment Laws from IIL, Bangalore.

    Presently through our law firm Amrit Lal Saha& Associates, we are advising lot of start-up companies, venture with really beautiful ideas through their conceptual stage to their growth stage. And Bengaluru being one of the best Start-up hub in the world, we get lot of such venture as our client. Sometimes we also cut down on our professional fees to help venture on their legal requirements and to see them in existence and thus enabling these companies and venture grow. As these companies are not all pursuing the same idea, dream and thus their requirements are quite different and these provides us the challenges and the drive to keep going.

    How can I learn to invest in the Indian stock market?

    I may not be the best person to answer this question. I don’t do it any more though. But on a general note I believe everyone can learn doing it.

    Is it a general assumption that the fresher graduates have to struggle a lot during the initial years, what was your experience?

    Struggle is an inevitable part of this profession and during initial years the struggle is definitely more. I believe the decision to pursue law as a career should not be driven by news, knowledge about how much a person is earning after passing out of law school and law colleges but by real passion in this field. I have seen Times of India publishing news about how good the placement was in NLSIU, Bangalore and then students taking decision to study law. At no cost this should be driving the decision to study law as it is not just another profession. Because long hours and focused determination and a desire to move on in the face of adversity, criticism shall bring success in this field.A famous saying of Justice Joseph Story which my father keeps reiterating “Law is a jealous mistress, and requires a long and constant courtship. It is not to be won by trifling favours, but by a lavish homage”. I believe the saying still holds goods but yes now we have lot more resources and a better faster way to search save them which helps the lawyer a lot in the profession.

    I started my career with working at Bhasin & Co., New Delhi. I was very excited then as I had my first interaction in that office with Mr Lalit Bhasin himself who had directed his Partner to conduct interview for me. It was rare to get through the firm without any reference and thus having got an offer to work there without any such references I was more happy. Eventually I have quit the firm due to personal obligations and have started on my own, firstly as a Co-Founder and Legal Counsel of a company and then as a part of Amrit Lal Saha& Associates. Now we have a good client base and things look good from here. But we had our share of struggle and our effort still continues to make things better.

    Tell us about your approach towards the long term and the short term goals you had set during the academic period and how were you able to manage it?

    Our priorities change with changing circumstances and thus I would say not all short term goals were met but slowly working towards accomplishing the long term goals. And it is those long term goals which ultimately decides our working and engaging strategies.

    Considering the nature and importance of this profession what according to you should be the focus of the law students at the law schools? What are the important factors which students should keep in mind while building their potential career graphs?

    I would say students should not be very specific during early college days about corporate or litigation or any other field but should intern and gain understanding of each such field and thus explore. 5 years college time which is a long time and the last 2 years can be spent focusing on the specific sector where they would start working.

    You have several publications to your credit! How do you choose when to write about what? Do you think research and publishing is very important for a law student?

    I have always written only in my areas of interest and choosing a topic I believe becomes easy when a person is keeping track of the changing laws and how it is evolving.

    I won’t say it is very important to write but definitely when a law student writes it helps somewhere and he can also keep track of how the law is evolving.

    Where do you see yourself ten years from now?

    Everyone sets goal and even I have done for myself. In brief I would like to see the firm grow and we are able to address larger issues and clientele.

    What is your parting advice to our readers?

    For law students I will advise not to have a frozen goal for yourself but a dynamic one because we are social engineers and the law changes as the society changes and so should we.