Tag: Lawfirmmanagement

  • Prateek Lakra, Founding Partner at Clergy & Wisemen, In a Discussion With SuperLawyer On Legal Management & Increasing Opportunities In Same

    Prateek Lakra, Founding Partner at Clergy & Wisemen, In a Discussion With SuperLawyer On Legal Management & Increasing Opportunities In Same

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

    What was your motivation behind choosing law as a career?

    Growing up in a family of doctors, I was surrounded by medical professionals and it was expected that I would follow in their footsteps by pursuing a career in medicine. However, as I progressed through my education, I began to have doubts about whether that was the right path for me. In my ninth grade, I developed the habit of reading the newspaper and became interested in the impact of law on our daily lives by reading articles and editorials. Additionally, I have always been drawn to challenges and the idea of making a name for myself in a unique field.

    By the end of my tenth grade, I had made the decision to pursue a career in law, despite the surprise of those around me. I chose commerce instead of biology and started my Law School preparations. Fortunately, my parents were incredibly supportive of my choice to study commerce after completing tenth grade and pursuing Law as a career.

    What were the challenges that you faced in the beginning of your career?

    The legal industry is known to be challenging and dynamic, especially for first-generation lawyers who are just starting out. When you embark on a career in law, you often have to start from scratch, building your own law firm, acquiring clients, and establishing your practice and reputation. After completing my LLM from the United Nations Interregional Crime and Justice Research Institute, I partnered with Avi Kalra to start our own law firm. While we faced many challenges in the beginning, a few stood out as particularly difficult.

    One of these challenges was that, at 24 years old, many potential clients saw me as too young to handle their cases or offer sound legal advice. I had to work hard to prove myself and earn their trust, often competing with more experienced lawyers in the industry. Another major challenge was financial. In the early days of our law firm, we had to cover our running costs and basic expenses while also trying to sustain our business. The second wave of the COVID-19 pandemic made this especially difficult, I was sleeping in the office, I could not afford a place to live and I had to choose between keeping the office or getting a place to live.

    Prateek, do you think that for a first-generation lawyer, the journey becomes a little difficult? Please explain the same wrt to your own experience.

    Absolutely, I feel that the journey becomes a little difficult for first-generation lawyers as there are lot of factors to it. Starting with your law school days, being a first generation lawyer you’re clueless as what specialization to pursue that would be best suited for you or with finding right Internships and it becomes a difficult process to apply for Internships with reference at all. Secondly, if you plan to start your own law firm/ law practice you’re all alone out there, you have start from ground zero, you have no cases, no references, no identity of your own.

    Thirdly, ‘the doubt’, since you’re the first in your family, ‘the doubt’ to work security, sustainability and expansion is always there and there’s no going back but I think being a first generation lawyer out there might be difficult process but it gives you a lifelong learning and a sense of achievement that cannot be compared to anything.

    Nowadays, people don’t have that zeal to pursue a career in litigation, what can be the reason for that apart from job security in corporate?

    When I conduct job or internship interviews, I often ask candidates if they are interested in joining the litigation or corporate team at the firm. More often than not, the answer is the corporate team. There are several factors that can influence a candidate’s decision to pursue corporate rather than litigation. One reason is that litigation can be like going to war, and one must be prepared for any situation.

    Additionally, the practical knowledge gained through litigation is significant, but it can also be a struggle. The lack of efficient judicial infrastructure, such as outdated buildings and complicated case filing processes, can be a deterrent. Additionally, the practice of law can vary significantly from one district to another, making it difficult to navigate, for example in Delhi courts the matters are called according to the list but if you go to the Gurgaon court the list is not followed and your matter is taken up as you approach the court. Furthermore, when litigating, the burden of representation falls entirely on the shoulders of the attorney, who must ultimately represent their client in court. It is no small feat. Additionally, it is important to consider that the salaries in litigation may be lower in comparison to the amount of work and energy required. It is a demanding field that requires a significant investment of time and effort.

    Prateek, What was it that kept you awake in your pursuit of success, eventually leading to you being the founder of Clergy & Wisemen?

    The concept for ‘Clergy & Wisemen’ was first formulated during my third year of law school, when Avi and I won our first National Trial Moot Court Competition. However, it wasn’t until after the first wave of the COVID-19 pandemic that we decided to officially establish the law firm. We recognized that starting a successful law firm required careful planning and preparation, and so we took a break after law school to further understand the Industry and gather the necessary skills and knowledge.

    During this time, I pursued a master’s degree at the United Nations and continued to meet new people and learn as much as possible about starting a law firm. The idea for ‘Clergy & Wisemen’ evolved and was refined through constant learning and experimentation. Even after starting the firm, we faced challenges, particularly during the second wave of COVID-19 when business was slow. However, we remained committed to our goals and continued to read, learn, and develop our legal processes in order to succeed.

    Starting a law firm at the age of 24 with no clients was a risky endeavour, and many people did not believe in our idea. However, we were determined and clear about our goals, and we consistently worked towards achieving them. Despite the challenges and doubts, we were committed to making our vision a reality. It is important to be consistent and persistent, and to always strive to overcome any obstacles that may come your way.

    Among all the specialisations, i.e., legal management, compliance, advisory and litigation, which area of law is the most interesting to you and why?

    I would say Legal Management. Legal management involves managing the legal affairs of a corporate or startup entity. This includes ensuring compliance with all laws and regulations related to contracts, taxation, licenses, and more. At ‘Clergy & Wisemen,’ we provide legal management services to a variety of companies, including protecting and regulating their intellectual property, managing the contract life cycle, and handling compliance requirements. Working in the field of legal management is constantly challenging and rewarding, as there is always something new to learn. It is important to stay up-to-date with laws, regulations, and notifications, which can be particularly challenging in areas with regularly updated laws or numerous notifications, such as with the Goods and Services Tax. Additionally, legal management often involves managing litigation, providing a well-rounded experience that encompasses both the corporate and litigation aspects of law.

    Prateek, how do you see the legal management sector increasing more opportunities for lawyers in coming times?

    The demand for legal management services has increased in recent years with the rise of startups, as these companies and corporations aim to avoid costly disputes and litigation. Legal management ensures compliance with all relevant laws and regulations, providing a cost-effective solution for these businesses. Companies with large operations may also choose to hire in-house legal managers to handle their legal affairs. If you enjoy working with various disciplines of law, legal management is a rewarding field to consider.

    How do you push through your worst times?

    Starting my own law firm has been filled with ups and downs, and there are still many challenges ahead. There have been times when I have questioned myself and doubted my abilities, and it can be easy to feel consumed by these negative emotions. To get through these difficult times, I try to maintain consistency in my work and personal pursuits and focus on activities that contribute to my own growth and the growth of the firm. It is important to prioritize one’s emotional well-being, no matter what the circumstances may be. Ultimately, the key to navigating challenges is to work smart, stay consistent, and keep moving towards your goals while also taking care of your physical and mental health.

    Talking about work-life balance, there has been ample amount of discussion on health   issues as a lawyer, what do you believe are the best practices to maintain the equilibrium? 

    Maintaining balance in life is crucial, and achieving a healthy work-life balance is essential for both personal well-being and business growth. While building ‘Clergy & Wisemen,’ I lost sight of this balance and found myself working excessively long hours, leading to negative impacts on my physical and mental health and personal relationships. Recognizing the importance of balance, I made changes to my lifestyle, including waking up early, exercising, and prioritizing time for friends and family.

    These efforts have had a significant impact on my overall well-being and productivity. I also try to be mindful of the number of hours we work at the firm, although there are occasionally times when additional hours are necessary. Regardless of the demands of work, I make it a priority to prioritize my physical and mental health by waking up early, staying active, and spending quality time with loved ones. This simple habit of waking up early has made a dramatic difference in my life and I highly recommend it to others. It helps to make the days feel longer and the mind feel clearer, leaving you full of energy.

    Few advice for our young law professionals?

    Know your goal;

    Work smart, not hard;

    Be consistent;

    Health is always first and

    Do what you love.

    – PRATEEK LAKRA

    Get in touch with Prateek Lakra-

  • Vijay Pal Dalmia, Partner at Vaish Associates Advocates In Conversation With SuperLawyer On Legal Implications Of Web 3.0 & Role Of Mentor In Legal Profession

    Vijay Pal Dalmia, Partner at Vaish Associates Advocates In Conversation With SuperLawyer On Legal Implications Of Web 3.0 & Role Of Mentor In Legal Profession

    Did you always want to become a Lawyer or was it something that you decided in the later part of your school life? What other career options would you have considered, if not law?

    From school time, I had the intention to become a lawyer, though I was also good at science and my teachers wanted me to opt for the medical field. Once I reached college, I also considered options relating to military and civil services, however, on the death of my father Late B.L. Dalmia in the year 1983, who was a distinguished senior lawyer, I finally opted for law as my profession.

    You have published numerous papers and Articles. How important do you think these are in shaping your understanding of law?

    Article writing and publications always give you an edge in understanding law. One has to do a lot of research and read judgments before writing an article which immensely adds to your knowledge and acumen. In my experience, article and paper writing has always been a boon which helped me immensely in my profession.

    What can be the real challenges while establishing a career in the field of law?

    Information and knowledge are widely available these days after the invent of the internet and particularly Google. However, for establishing a career in the field of law, you need to understand that “A lawyer must know something about everything and everything about something”.

    For building a career in the field of law, it is extremely important to understand the practical side of the law, psychology, body language and judges. One may be a corporate lawyer sitting in the office but it is highly important to understand the ways the judges analyse documents and ask questions. Understanding a judge’s psyche is of utmost importance to be a good lawyer. In my view, every budding lawyer must spend some time in court to be a good lawyer and understand the practical interpretational aspects.

    According to you, what major improvements we need to make in the crypto laws and regulations?

    Presently the most important thing is that the Government must come up with comprehensive legislation on cryptos. Crypto has acquired massive dimensions in society and has practically touched the lives of most people. Cryptos are no more in nascent stage. The entire concept and business have advanced. At present India is facing a situation of being “nowhere” in the domain of crypto laws. There is a stalemate and the Government is indecisive. There are no crypto laws or regulations except to some inadequate extent under tax laws .

    The role of mentor often gets underestimated, what is the importance of mentor as per your experiences thus far?

    Having a mentor is one of the most important aspects of the legal profession. Learning becomes easy and sharp. You come to know about the “tricks of the trade”. Getting guidance becomes easy.

    What can be the legal implications of Web 3.0 according to you?

    Web 3.0, sometimes known as Web 3, is the concept of the next generation of the web, in which most users will be connected via a decentralized network and have access to their data.  The world is on its way to an Internet where people will have complete control over their data and privacy which will be made possible by blockchain technology. Some of the implications relating to Web 3.0 are national security, sovereignty and integrity of the country, public disclosure, privacy, taxation, governance, IPR protection and enforcement. Web 3.0 is a complicated structure.

    Can an Advocate be soft-spoken yet established; what do you think about how the legal profession takes this quality?

    Being soft-spoken is a matter of duty and pride for an Advocate. It is not a matter of choice, rather its obligatory for an advocate to be soft-spoken and polite with clients and in court. Being loud, arrogant or harsh is not a good quality of any advocate. Politeness wins and you get to gain before the court and with the clients. A soft-spoken and polite advocate is always highly appreciated and welcomed by all in the profession.

    Would you like to give any career/life tips to the readers?

    One of my sincere pieces of advice is to write as much as possible on legal topics and circulate it on the web through different forums.

    Give lectures, run your own Youtube channel and educate the public which will bring recognition and clientele to budding legal professionals. In this profession, you can not advertise, and new advocates have to make their presence felt. In my view, there is no other alternative.

    Remember, advocacy is a grey hair profession, and it takes time to succeed. Give time to your profession and yourself. Keep on developing your skills.


    Get in touch with Vijay Pal Dalmia-