Tag: LPO

  • Raghu Ram, Founder and CEO, Law Abode LPO, on his startup, and the challenges of starting your own venture

    Raghu Ram, Founder and CEO, Law Abode LPO, on his startup, and the challenges of starting your own venture

    Raghu Ram completed his graduation from Jagarlamudi Chandramouli College of Law, Guntur in 2005. He then went on to purse his MBA from University of Central Queensland (Australia).  He is the CEO and founder of Law Abode LPO. He has more than thirteen years of experience in business development and legal operations management. Prior to this he has worked at Acumen LPO and Pegasys LPO.

    In this interview he talks about:

    • Legal skills required to work in LPO;
    • About his startup Law Abode LPO;
    • Challenges of starting your own venture.

    HOW WOULD YOU LIKE TO INTRODUCE YOURSELF TO OUR READERS?

    I would like to introduce myself as Founder & CEO of Law Abode LPO, a boutique legal outsourcing firm catering legal and technical services to American and Canadian Attorneys. Over the past six years I have been running the firm. At the age of 29 I started Law Abode LPO. Prior to this I worked with two startups as a legal and business consultant. I am self-motivated guy who believes in hard work. I got my B.A. LL.B from Jagarlamudi Chandramouli College of Law, Guntur in the year 2005 and M.B.A from Central Queensland University, Australia in the year 2007. I take care of business development and legal operations of the firm.

     

    PLEASE TELL US ABOUT YOUR COLLEGE LIFE?

    My college days are unforgettable. Those days are the happiest days of my life. In college, I met two important persons of my life. I have learned a lot from my principal (Dr. Sudhakara Babu). He is my guide and mentor even today. He is my backbone and like my father. Another person is my wife (Jaya Lakshmi), now she is working as Judge in AP Judiciary. I was very proactive student in the college with good academics. Not only academics, I participated in cultural, sports and all other activities held in college. I was the college topper and secured awards for meritorious performance in university exam. I gave paper presentation at national level symposiums and was a regular participant in college debates and moot courts. I believe college life has a great impact on me in shaping my career.

     

    YOU PURSUED MBA FROM UNIVERSITY OF CENTRAL QUEENSLAND AFTER LLB. WHY THE DECISION TO PURSUE MBA AFTER LLB?

    The main reason to pursue MBA after LLB is to get different combination. In early 2000 I heard about LPO and outsourcing concepts. There were debates about foreign law firms entering to India. That time I thought in this changing global scenario Law and Management combination will definitely give me good career. A law and MBA degree helps professionals build expertise in either field, for example, marketing in management, or litigation in law. But in a rapidly globalising economy, a combination could take one’s career much further. And, given the demand for a combination of law and MBA qualifications, this dual combination helped me lot to start my own firm, because I have knowledge in legal services and I know how to market these services.

     

    WHAT IS THE WORK PROFILE OF A LEGAL CONSULTANT AT AN LPO?

    My first work profile was of  legal and business consultant; I was part of both business development and legal operations. Work profile for the legal consultant depends upon the LPO firm. Some of the LPOs offer only contract management services and some of them offer personal injury services. Now most of the big LPO firms primer service is contract management and document review. Normal job of legal consultant would be doing the legal research, preparing legal memos, contract drafting, contract review, its mostly attorney supporting work.

     

    COULD YOU EXPLAIN TO OUR YOUNG READERS WHAT IS AN LPO AND WHAT ARE THE TASKS UNDERTAKEN BY IT?

    Legal process outsourcing (LPO) is new concept. Its part of KPO (Knowledge process outsourcing). Most of them think it’s also something like BPO. But it’s absolutely wrong. In BPO person’s qualifications and subject knowledge is not much required. But in LPO it is different. If anyone wants to work in LPO, they should have law degree for most of the work. Basically in LPO firms, most of the work would be legal support services, legal research, legal drafting, contract drafting, contract review, personal injury claim matters, e-discovery, preparing bankruptcy chapters, intellectual property matters. These are the main tasks LPOs are taking right now.

     

    WE HAVE HEARD THE LPO WORK GETS REPETITIVE AND THERE IS LIMITED GROWTH IN THE SAME? IS IT TRUE OR WOULD YOU LIKE TO DISPEL THIS WIDESPREAD OPINION ABOUT THIS CAREER CHOICE?

    Yes, LPO work gets repetitive. Because you are working with attorneys, they have every day paper work. As long as they are in regular practice we will receive work. It’s the beauty of the industry; I have close to ten years of work association with some of my clients. It’s all about trust building with your quality work. Once you are accustomed to their way of work, it is really happy to work with. I am completely disagreeing with your opinion about career growth, there is huge scope of career growth, with in span of 10 years one can reach to good position in LPO sector. We will have lot of exposure about international market and foreign legal issues. In terms of salary wise also LPOs are giving good packages.

     

    HOW DID YOU DECIDE TO START YOUR OWN VENTURE? WHAT WERE THE CHALLENGES INVOLVED?

    I started my own firm when I was 29. After four years of real time experience and witnessing a few key moments of work culture led me to start my own firm. Since my wife is into judicial services, she use to have a transfer in every three years. This is also one of the reasons to start my own venture. Now I have comfort to work from any place and I can make the decisions on my own. There are challenges involved running LPO firm. The biggest challenge is convincing the client and getting work from them. It’s really a herculean task. We can convenience the attorney only with quality of work. If you research is less than perfect, its no use. Timely delivery of the projects and resource availability are major concern. Firms like us, we are working in tier two cities, and availability of resources is less as compare to metros. W get good resources in metro cities but it’s difficult to get in small places.

     

    WHAT ARE THE LEGAL SKILLS REQUIRED TO BE WORKING IN AN LPO?

    LPO is perceived as an alternative career option for lawyers. LPO provides an attractive alternative to legal professionals, offering them higher salaries, work-life balance and better working conditions. Working with foreign attorneys always a tough call. We need to adapt to their way of working and usage of technology. Lawyers who want to work in LPO need have good command over the english language and legal analytical skills. Lawyers are required to be well versed with the legal procedural differences including expertise in online legal databases.

     

    DOES LAW ABODE LPO OFFER INTERNSHIPS TO LAW STUDENTS? HOW CAN A LAW STUDENT APPLY FOR THE SAME?

    Yes, we offer internships to selected students. Students can send their information to email: info@lawabodelpo.com

     

    WHAT SKILLS AND QUALITIES WOULD YOU LOOK FOR IN ANY LAWYER BEFORE OFFERING HIM A JOB WITH YOUR LPO?

    I strongly believe that there is no substitute for hard work. Working in legal profession whether its regular legal practice, working in corporate legal department or working in LPO, lawyers need have lot of patience. They should be ready to work long hours. The skill-set we see in resources is mainly their communication, use of online tools, understanding about legal issues, research skills and their academics.

     

    WHAT WOULD BE YOUR WORD OF ADVICE TO YOUNG LAWYERS AND LAW STUDENTS?

    I personally believe, working in legal profession is always challenging. Every day is new task. Particularly for law students, they have lot of career opportunities like judicial services, corporate legal departments, traditional court practice and working LPO sector. It better to have clear goal in which they want to go. Basing on that they have to upgrade required skill set. It’s always better to participate in moot courts and debates to enhance their speaking skills. In changing global scenario they have to observe latest trends in legal market. Use of online tools and technology always has an advantage to do the things faster.

     

  • Paushali De Roy, Senior Consultant, Strategic Business Alliance, on LPO, her passion for writing, and working for a start-up

    Paushali De Roy, Senior Consultant, Strategic Business Alliance, on LPO, her passion for writing, and working for a start-up

    Paushali De Roy graduated from NALSAR University of Law, Hyderabad in 2011 and joined Ernst & Young (EY), Hyderabad as a campus hire. She has worked as a Consultant for their Indirect Tax practice. She later moved back to Kolkata and there she joined a legal process outsourcing start up – Strategic Business Alliance, as an associate. Paushali is currently located in Amsterdam, Netherlands where her organisation is intending to expand their business. Apart from law, she takes an active interest in creative and literary writing. She is a blogger and a published author.

    In this interview we speak to her about:

    • Her time in NALSAR
    • Her writing experience
    • Working at a startup

    Tell us about your time at NALSAR.

    I graduated from NALSAR in 2011 and I had my fair share of fun and frolic during the five years that I spent there. NALSAR was a melting pot of cultures, opinions and world views. I had the opportunity to interact with some of the best minds in the legal fraternity at NALSAR and that too at a very young age. Being a student of such a prestigious academic institution unquestionably gives you an advantage over your peers in the initial stage, but you also must justify the presence of such a brand name on your resume with your hard work.

    In my opinion, what matters in the long run is your dedication and expertise over your chosen area of work. I have worked with several brilliant people who are not from any national law university (NLU) and that has not been a hindrance towards their growth.

     

    What kind of internships did you undertake during your student years?

    I interned with NGOs, the State Human Rights Commission, advocates and individual practitioners, corporate legal departments and law firms during my student years. I enjoyed most of my internships and took them as an opportunity to learn even if it was about working on small odd jobs. They taught me how things worked out in the real world.

     

    Is it absolutely necessary to moot or undertake paper publications in order to be a successful advocate?

    I believe that every law student should have the freedom to chart out their own law school experience and things cannot be termed “necessary” or alike to be successful. One of the obligatory parts about the NLU culture was that one had to try out their luck in moot court activities but I did not enjoy the experience. I was more interested in legal research and related activities. I liked working on my semester projects and converted a few of them in research papers. They were published in reputed law journals like the Labour Law Journal and official University publications.

     

    Give us some insight into your blog and your work which you regularly publish there.

    I was always interested in creative writing and participated in various writing competitions and workshops during my school and college days. I started my blog when the concept of ‘blogging’ was at a very nascent stage in India. My blog is called – “The Big Bong Theory” and I write about everything – daily mundane chores, literary fiction or travel stories, in there. I write primarily in English but also in my mother tongue – Bengali.

    The blog’s Facebook page is also quite popular among my readers. Though I do not get to write often nowadays due to a very busy schedule, it is my window to the world ‘beyond law’. Apart from that, my blog has also given me the platform to be featured along with other famous bloggers and authors in various newspaper and media reports.

    My literary articles and stories have been published in several magazines and newspapers. In 2015, I also became a contributing author for an anthology of stories selected through a nationwide writing competition.

     

    Tell us about your experience with Ernst & Young.

    My stint with Ernst & Young (EY) will always remain special as it was my first job. I was selected through the campus recruitment process during my final year at college. I joined the EY, Hyderabad office as a Consultant for their Indirect Tax practice. My work primarily revolved around appearing for Indirect Tax hearings and drafting advices and memorandums for clients. I worked closely with a team of Chartered Accountants and it also involved a lot of number crunching. It was also a client facing job and I learnt my first essentials of client communication at EY.

     

    What motivated you to make the transition from a reputed establishment such as EY to a start up in Kolkata?

    As much as I loved the work environment at EY, I was gradually getting wary of being labelled only as an Indirect Tax practitioner. I wished to explore new things and the start up boom had just begun in India. I was taking a risk and it involved a lot of brainstorming since I was relocating back to Kolkata, which by popular perception, was not the perfect place for start ups. It also involved work in the Legal Process Outsourcing (LPO) or legal services sector, which was still then not considered to be the exact white collar job that a NLU graduate ventured into. But due to some personal reasons, coupled with an urge to do something in my own city and the promise of rapid growth in a very young work environment, I took the plunge.

    I must say my belief paid off and from a merely eight to ten members team when I joined in Strategic Business Alliance (SBA) India has not only grown in the number of head count or clients, we have also recently moved into a large and plush new office in Kolkata.

     

    Tell us more about the nature of work at an LLP, especially Strategic Business Alliance.

    SBA is a fully functioning Knowledge Process Outsourcing (KPO) firm and apart from our vibrant LPO division there are other divisions like Accounting and Legal Transcription. All the teams work in close proximity with each other and often there is a requirement of coordination between the teams as there is an overlap of scope of work.

    In the legal division, there are different sub teams working on different projects some of which require specific tool based knowledge or due diligence skill.

    I lead the legal drafting and research team and we often work on projects which require an application of mind along with balancing tight deadlines. On any given day, you may be drafting entire memos or reviewing multiple contracts and leases to prepare advices for clients while with using various research tools.

     

    What is the position you currently occupy at Strategic Business Alliance?

    I am presently working as a Senior Consultant with SBA and I am stationed in Amsterdam, Netherlands. In addition to my regular work responsibilities, I am presently getting involved in a lot of business development work as we are trying to set up a new office in Europe.

    My regular work day is a mix of daily calls and meetings with my core team members discussing work scenario. There are trainings and client calls also to be attended while keeping in mind the time zone differences. I am involved in a lot of client communication along with day to day hands on work which often needs to be completed on a strict deadline.

     

    What is the common misconception that keeps law students from taking up placements with LPOs?

    I believe there is no ‘perfect’ or tailor made fit for anybody in any profession or industry. Each one of us need to find what is the ‘better’ option for oneself by exploring all avenues. For me, the option of working at a start up worked out, but there was also risk of it not working out too.

    In regard to the misconception about working in LPOs, I have encountered junior team members coming in and thinking that we work only on tool based projects or ones where application of mind is nil. It is not necessarily so. From my experience, I can say that SBA has a very vibrant multi domain work culture where as a lawyer, your intelligence, coordination and time management is put to test, every day.

     

    Do you offer internships at Strategic Business Alliance, and how does one go about securing internships at LPOs?

    Yes, we offer internships at SBA. We have a simple application process whereby you can apply to the HR by emailing at – hradm@sbain.com.

    We have recently started offering permanent positions to interns who are in final year or just out of college, if we are happy with their performance during the internship period.

     

    What are the qualities sought after by LPOs in their prospective employees?

    I cannot speak about LPOs in general, but at SBA we look forward to recruit prospective employees who come in with an open, alert mind, are eager to learn and work in a team and have integrity.

     

    What other message would you like to put across to our readers?

    If you are a law student, do not run after that ‘perfect job’, as there is none. Explore opportunities, weigh in your personal choices and see for yourself what suits you the best. When you are working too, take breaks, travel often and do not ignore your family or personal commitments for professional ones. In my opinion, finding the right balance between the personal and professional, is supremely important.

  • Pranit Saxena, Founder, lawyerouno.com, on being a Manager at Tata Consultancy Services

    Pranit Saxena, Founder, lawyerouno.com, on being a Manager at Tata Consultancy Services

    Pranit Saxena graduated from Symbiosis Law School in 2011. He currently works with TCS as a Manager in the BFSI-LPS sphere. He is part of the core team setting up GRC expert augmentation for an EU based clearing bank. The task involves the staffed GRC experts assisting the chief compliance officer with BFSI specific compliance across EU, APAC and Americas.

    Pranit is also the founder of lawyerouno.com. Lawyerouno is a social venture that helps clients contact and make appointments with any lawyer for free. It searches the most appropriate lawyer per the client’s needs.

     In this interview he talks to us about:

    • His experience at Symbiosis Law School.
    • Importance of higher studies for a lawyer.
    • com- where clients contact and make appointments with any lawyer for free.
    • His views on international financial situation owing to upcoming regulations and situations.

    Please introduce yourself to our readers, where did you grow up and complete your initial education? How did you decide to take up law?

    Hi, I am Pranit. I am currently working with TCS setting up their international compliance practice. My initial education was across six cities including Bathinda, Nagpur, Pithoragarh, Noida, Pune etc. in Army Public schools and Kendriya Vidhayalas owing to my dad being in the forces. After a lot shunting, I finally passed my 12th from Noida. I decided to take up law based on my discussions with my teachers in school and my penchant for getting in trouble with the system (school system i.e. repeatedly getting in trouble with the school administration) and I guess it had worked out fine till now.

    You have graduated with BBA LLB Degree from Symbiosis Law School in 2011. Tell us about your law school experience. Share some highlights from your college days that shaped you as a lawyer.

    So Symbiosis back in 2006 was unlike any other law school that you would see right now. We had a limited campus, amazing faculty and even a better ecosystem of students from various fields (symbiosis law school was in the arts and commerce campus). This heterogeneity of students gave us a very early exposure to variety of disciplines and opportunities. It was rightly called the Oxford of the East, as the student community in Pune was very strong. They were perineal college festivals, competitions that used to go on and provided me ample opportunities to explore. Symbiosis Pune had no hostel in the campus and we used to live independently in the city, which was a huge learning in itself. The teachers came from a varied background and were very supportive and encouraging. Apart from the obvious knowledge, what Symbiosis uniquely provides every student, is the independent attitude and a corporate ready culture, which most of us would learn post our law school.

    Did you do any internship? What was the work allotted to you like?

    I completed 24 weeks of internship across law firms like Barucha, fox mandal, companies like Larson & Tubro and Supreme Court attorneys like P.P. Rao. The spectrum covered was intentionally larger to experience a variety of fields within the legal industry. The work allocated was usually around the research projects in law firms, case file summarization in Supreme Court and high courts and occasional arbitration work for L&T. The work also included being a part of the client/vendor meetings with the seniors and keeping a note of issues.

    How did you manage internship with studies? How did the practical exposure compliment the theoretical knowledge imparted to you in college?

    Back then in Symbiosis, internships were only allowed during breaks, which made sure there was never and conflict and balancing the internships with the mandatory attendance requirement was never a challenge.

    The court internships really helped in enhancing the nuances of the procedural laws which helped appreciate the theoretical knowledge.

    There is a huge gap between what we study and what we implement as lawyers in practice. With that being said, all the knowledge and experience in college forms a very robust base for what we lawyers are expected to do at work.

    Do you consider pursuing higher studies after graduation? How important is it for a lawyer to go for higher studies? Were you inclined at any time, towards the civil services?

    Not really till now. Although I feel certifications in specialized fields can add a lot of value to the entire candidature for future opportunities. Higher studies in my view, is helpful if you are looking for a career shift like teaching, MBA, etc. Higher studies can also buy you time in case you are inclined towards exams like civil services, judiciary etc.

    A civil services exam is a different ball game and students must start preparation while in law school as the time period of five years is a huge opportunity in itself. No doubt it is a brilliant career choice.

    Tell us something about lawyerouno.com.

    Lawyerouno is my love-child that I started three years back, just to give something back to the community. It is a platform which connects people looking for lawyers to lawyers for free. We have lawyers from over 60 cities on the portal. We started the venture with a social outlook and we are still trying to be true to it. The basic thought, behind the idea was to provide young lawyers who want to set up their practice, an opportunity to connect with clients. We are also planning a few products on the portal to provide competitive pricing advantage to the clients.

    How difficult was it for you to connect and convince different lawyers to register on lawyerouno.com?

    As the registration for lawyers on the portal was free and the intention was to provide them with an opportunity to connect with the clients, I actually did not face any resistance from them, although the technology for some senior lawyers was a challenge, which we circumvented by assisting them with a unique live chat support feature.

    What is the international financial situation owing to upcoming regulations and situations?

    My current role in TCS involves setting up of compliance support practice for financial sector clients. The financial world ever since the 2008 crisis is in a state of flux. The regulatory authorities are driving regulatory dynamism as an instrument of change. The more they want to be in control the tougher it is getting for the companies. The Brexit will spur a marked shift for financial companies trading or headquartered in the UK. The companies are vying for the regulatory advantage and gearing up their compliance departments for various new regulations like Mifid II, EMIR, Basel 3 etc. More the regulations better it is for us! All in all it is looking good for the lawyers in the compliance sphere.

    Would you say that the work environment at an LPO is completely different from a law firm?

    Although my current profile is consulting, my initial experience with Thomson Reuters in the LPO sphere convinced me that whatever notion we as law students have about LPOs is completely unfounded. In fact if you are looking for a career in corporate as opposed to litigation, LPO is a very good option as it provides you with the right learning opportunities, international exposure and a good work life balance. Several of my colleagues are now well-placed in the field of contracts and forensics with various fortune 500 companies and start-ups. Right after my stint with TR in the Compliance department, I was involved with a start-up Mind Merchants for setting up their global compliance practice, which started with 3 people and is now already 45+, hence my experience within LPO spurred my growth as a legal professional. The stark difference between the work cultures that I see between these industries is the autonomy and independence that any year 1-3 associate gets at an early stage in their career.

    What were your objectives and plans in the preliminary years of the law school?

    As any other student in the initial years the motive was to have fun and explore the college life to the Tee. It is the only in the penultimate and the final year, that I decided to chalk out a plan for myself. The plan was to identify what I enjoyed more, hence most of my firm internships were in those years which made me sure that I did not see it as my life choice.

    Lastly, what message would you leave for our budding lawyers?

    I urge students to explore themselves as much as possible instead of following treaded path blindly and choose what is best for them as a life choice rather than a career choice. Try not to be bound by what you hear, but channelize your choices around what you experience. Five years of law school is an opportunity, so use it well. All the best!

  • Appanna Poonacha, Senior Manager – Legal, Ocwen Financial Corporation, on work experience at Manthan LPO and ISGN Bangalore

    Appanna Poonacha, Senior Manager – Legal, Ocwen Financial Corporation, on work experience at Manthan LPO and ISGN Bangalore

    Appanna Poonacha graduated in law from University Law College in 2006. Right after the completion of his graduation he joined Manthan Legal. After working at Manthan for almost six years, in 2012 he started working in ISGN, Bangalore. At present he is working as the Senior Manager – Legal of Ocwen Financial Corporation.

    In this interview we talk about –

    • His journey through years of law school.
    • His work experience at Manthal Legal and ISGN, Bangalore.
    • His role of work at Ocwen Financial Corp.
    • Pursing Masters in Business Laws (MBL) program from NLSIU, Bangalore.
    • Certificate courses on banking and financial services

     

    Please introduce yourself to our readers. Where did you grow up and complete your initial education? How did you decide to take up law?

    I am Appanna Poonacha. I am a Bangalore based corporate lawyer. I currently work with Ocwen Financial Corp. as a Senior Manager – Legal. In this role I am heading the company’s legal contracts functionality and oversee all commercial transactions at Ocwen’s India offices. I was born into a family of lawyers at Coorg, a place which is popular for its coffee, spices and picturesque landscape. I grew up watching my dad practicing law. I completed my schooling at Coorg and then pursued my Pre-University at St. Joseph’s Arts & Science College, Bangalore. I graduated in Law from University Law College in 2006.

     

    How was your law school experience? What activities were you involved in law school?

    Law school curriculum offers exposure to various subjects in law. This is the first step towards understanding each subject in depth. Moot courts and internships churn you towards the practical side of law practice. I actively participated in these activities which provided exposure to various challenges you come across as a lawyer. You also build skills related to leadership, teamwork and conflict management.

     

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    Upon graduating, you started working at Manthan Legal. What exactly does the company do, and what did your work profile involve?

    Soon after graduation, I got an opportunity to work with Manthan Legal, an LPO which then specialized in providing litigation services to law firms in the United States. Joining an LPO back then was like exploring a ‘road less travelled’. There weren’t many players in this field. Manthan gave a platform for me to work with attorneys in a global set up. This was my first stint in a corporate firm. Here I successfully managed revenue portfolios close to 1Million USD, leading a large team of attorneys catering to these law firm clientele. I was responsible for delivery operations, accounts’ management, client relationship management, business development and growth strategy of the BU.

     

    In 2012, you started working at ISGN, Bangalore. What did your work at ISGN consist of?

    After 6 years of working at Manthan, I got an opportunity to work with ISGN as an in house counsel. ISGN is a provider of mortgage technology and services for lenders, brokers and servicers in the US Mortgage industry. I was primarily responsible to oversee litigation & contracts for company’s regional office at Bangalore.

     

    Currently, you are Senior Manager at Ocwen Financial Corporation. What do your responsibilities include? What does an average day of work at Ocwen look like, for you?

    Ocwen is one of the largest providers of residential and commercial mortgage loan servicing, special servicing and asset management services in the United States. I am currently heading the Contracts team at Ocwen’s offshore facility in India. On a normal working day, my work involves liaising with internal teams, negotiations with clients and assisting the business with legal support in contracts.

     

    What do you look for in potential candidates while recruiting them? Please describe the management and HR policies that Ocwen follows?

    For me a potential candidate shall possess high values of work ethic, a drive to achieve and willingness to learn. Knowledge and skills are personal assets which qualifies an individual to grab opportunities. Ocwen is a workplace that believes in Customer Centric Quality, Inclusive Meritocracy, People, Integrity and Teamwork.

     

    Do you agree that law firm atmosphere is more competitive and challenging? Has your work been an exception to this notion?

    I would not buy that thought. Every profession has its own challenges. In today’s global environment, it is unfair to make comparisons.

     

    What are the essential requirements that a law student must fulfil in order to pursue a career in financial services? Do you think additional degrees like CA or CS help in this regard?

    Every day is a learning opportunity. There is no one success formula to be successful professional in any industry. Knowledge that you gain as a student, as a young professional will contribute towards personal/professional growth and success in your career. Additional knowledge and skills are always an added advantage.

     

    Has the Masters in Business Laws (MBL) program from NLSIU, Bangalore helped enhance your skills and abilities in a professional capacity?

    Absolutely! Knowledge in any form has no boundaries or limitation. I was privileged to get enrolled for MBL from NLSIU. It provided me access to some of the best legal academicians and resources of law in this country. The program itself was targeted to corporate professionals.

     

    How did completing a few certificate courses in banking and financial services help?

    Financial Industry at the United States is highly regulated. These certificate courses helped me to understand the various laws related to compliance in the day to day functioning of these corporations.

     

    Lastly, what is your plan for the future? What advice would you give law students wishing to pursue a career in financial services?

    My goal is to be a General Counsel of a large multi-national corporation. My sincere advice to law students is to utilize the various opportunities provided to them during their law school tenure, dedicate your time to gain knowledge and skillsets. Always aim for the sky!

  • Anjali Sheoran on work at LPOs, Ernst & Young and LL.M in Commercial Laws from York University

    Anjali Sheoran on work at LPOs, Ernst & Young and LL.M in Commercial Laws from York University

    Anjali Sheoran graduated from Army Institute of Law in 2010.She then went on to work with an LPO and later worked with LexCounsel and Ernst & Young. She is currently pursuing her Masters in Corporate and Commercial Law from University of York. We asked her to share her experiences and strategies she used over the years.

    In this interview, Anjali talks about:

    • Work experience at UnitedLex, LexCounsel and Ernst & Young
    • Choosing Masters in Corporate and Commercial Law at University of York
    • Writing an SOP and getting recommendation letters

     

    Though it’s one of the most asked questions but yet, why law?

    I believe the best decisions of one’s life are the ones that are spontaneous. Going to law school was one such decision for me. I did not pre-plan my future in law at all even though my maternal grandfather was an advocate. However, once in law school, I adapted quickly to the field and it stuck with me ever since. What I love most about law is its ability to create a ripple effect; of course a lot of laws in the society are influenced by the needs of the society but it still fascinates me how one regulation or law has repercussions across different sectors, be it social or economic or even political.

    So, in answer to your question why law, the answer is simple; law is anything but boring. Its dynamic nature keeps you on your toes all the time and there is something new to learn every day.

     

    How would you describe your time at Army Institute of Law, Mohali?

    Army Institute of Law is still a fairly new law school and I believe it has much potential that is yet to be exploited. Having said that, my time at AIL was one of the best experiences of my life. Academics wise, it was mostly DIY (which is the case with most law schools) but nevertheless, combined studies and rigorous note-taking got us all through to the other side. Also, staying at one place for five years in a hostel was a fascinating journey for me; it is true what they say about college friends. They are indeed friends for life.

    The internships I did during college ranged from litigation to corporate laws and from advocates and law firms to companies in the end. These internships were extremely instrumental in shaping my legal career when I look back now. My first internship was with a Supreme Court advocate and although I worked with him only for about 3 weeks, I understood that litigation was not for me. Although I did not give up that easily and did two more internships in litigation before I decided it was not something I see myself doing in the future. Corporate and commercial laws always attracted me since the beginning. However, the most important thing I learnt from my internships was that it was not easy to make a mark for yourself in law firms. This is because the partners take a long time in trusting a resource and more often than not their commitment to the job is measured by the hours they spend in the office instead of their work. Also, in my experience, young lawyers or interns are not given the respect or the space to work. This is the reason, I chose to intern with Bharti Realty in my last year of college. Companies have a process of doing everything and it keeps everyone in check. In addition, seniors are much more willing to delegate their work to their junior colleagues. I say colleagues because that is how interns and young lawyers are treated in companies.

     

    anjali-sheoran-2

    After graduation, you started working at UnitedLex Corporation where you worked for one year. What had contributed towards this appointment? How was the experience working there?

    UnitedLex is an LPO (Legal Process Outsourcing) and unfortunately in India LPOs are taboo for young lawyers; or at least that was the reaction my friends gave me when I told them. However, LPOs provide a great exposure to international laws and dealing with overseas clients. It also enhances your cultural quotient on the whole and exposes to international working and quality standards. While my internships during law school helped me decide I wanted to work for companies, working with ULx made me realize my natural potential and interest in commercial law. This is where I realised and decided I want to specialise in commercial law.

    ULx specialises in contract management and litigation support and has its headquarters in UK. I was part of the contract management vertical and worked with the global counsel team of British Telecom. I’m not exactly sure what contributed to my appointment with the organisation, as I was a fresher and had no experience, so to say, in commercial law. However, once I joined the team, I worked hard and with the support, training and encouragement provided by my manager, Karma Bhutia (who is now working with GM), I was able to exceed expectations and carry out my own assignments with minimal supervision and received many great reviews from my clients.

    My experience with ULx gave me a professional foundation, in terms of both technical and transferrable skills that I used and built on in all other endeavours ever since. Working with overseas clients was a great experience as well because their style of working and the space and trust they provide to their employees and service providers is absolutely amazing. Also, working with international and UK commercial laws gave me a unique edge over my counterparts as it enabled me to comment and compare laws from different jurisdictions to advise my clients. I brought the exposure to international and EU law in my next job with LexCounsel as well and was appreciated many times for my valuable inputs on commercial law matters.

     

    After having worked at UnitedLex for one year, you joined LexCounsel, Law Offices as an Associate. How did you secure your appointment? How would you describe your experience working there?

    After having worked with ULx for more than a year, I thought it would be a different experience to work for a mainstream law firm as one of the main issues with securing a job with the law firms (without a reference) was that I did not have any experience. I applied to many law firms and secured my position at LexCounsel Law Offices in 2011. Because I already had work experience the interview was very straightforward because I had already gone through the process before and was also much more mature, in terms of my conduct during the interview.

    My experience at LexCounsel, to say the least, was a reality check. Although I excelled at contract management (which was recognised as my niche area), I had no experience in other commercial laws, like customs and excise laws, SEC regulations, FDI policies, etc. that affected commercial decision to such a great extent. Hence, LexCounsel was the organisation where I learnt a great deal about the research and interpretation of law that goes into making the final decisions that businesses make. In addition, I also dealt with many smaller businesses (as I first client in ULx was a well-established organisation) and the legal and commercial issues that they deal with in the current scenario of Indian laws.

     

    How did the shift to E&Y’s Global Counsel Office as a Senior Associate take place? Did you get an offer or did you apply for EY? Tell us about the nature of work you were entrusted with therein.

    My shift to Ernst & Young or EY (as the current brand name of the organisation stands) came about as a personal choice that I made between working with a law firm and a company. Law firms are a great place to work but over the eight months I spent with the firm, I realised there was no work life balance. Companies are much more structured and have a process or procedure for everything which makes the employees’ lives much easier and as a result provide better work life balance; which is extremely important for me.

    I was invited for an interview by EY as one of my previous managers was able to circulate my resume to the organisation. The role with EY was quite similar to my role with ULx but the difference was that, although it was outsourcing, but instead of a third party, the outsourcing was done in-house. EY global shared centre is a part of the EY organisation but our team was outsourced to other EY entities which represented the organisation in the global setup. Our team was considerably new and was handling contract management for different departments’ vendors. These vendors ranged from website and online tool development companies to event managers to companies seeking EY’s sponsorship of their events. In addition, we were also responsible for all the contracts that had to be finalised for EY’s re-branding project that was launched last year. This project was important and a great professional experience as the organisation’s entire identity (including its virtual identity) were set to be overhauled right from its logo to tagline and its mission statement.

    I had a great experience working with the UK GCO team and was appreciated by many clients for being a proactive and dedicated resource. I also received many appreciation certificates for providing consistently high quality services to my clients. I was, not only given the space to work but was also entrusted with many important projects, like overhauling of the standard form contracts of the organisation and developing a new process that we had added to our portfolio. I was also responsible was training the team in the new process; in fact, our first delivery of the project was completed in record time and the clients were extremely so pleased with our performance that they even proposed giving us more work.

     

    Recently, you’ve joined University of York for Masters. Why did you prefer Masters over your job? How did you choose University of York over others? How did you go about choosing a university?

    After I left EY, I did look for other jobs. However, I felt that my resume was slightly limited because, though I had international exposure, I did not have much experience in working as an in-house counsel for an organisation; this limited my options in terms of the kind of jobs that were being offered. Therefore, after going through a series of interviews for similar profiles, I decided to take a break from work and come to the UK for further studies. I chose UK because I have always worked with UK organisations and have a fair experience with UK and EU laws; that exposure has in fact added value to my course as well. Also, because I had worked, I knew exactly the subject I wanted to do my masters in, which was commercial law.

    To be very honest, when I started researching the options I had for masters in corporate and commercial law, my first choice was the University of Edinburgh. However, my consultants, The Chopras, helped me a lot through this process and gave me several options so that I make the best choice available to me. I think, when choosing a masters course, on must keep in mind what he/she wants out of that course. For me, it was to enhance my current professional skills set but I was sceptical about going back to school and being a law student again. Therefore, when I looked at the modules offered by various universities, University of York made the most sense. Not only is York Law School among the most highly regarded law schools in the UK, its unique Problem Based Learning (PBL) programme sets it apart from the rest of the law schools in UK. Yes, other law schools as well have some or the other form of PBL in their courses, but what is unique about YLS is that students are treated as colleagues, instead of students and we are given our space and time to get used to the process. We all had different experiences with PBLover the last term but one thing common to all of us is the environment that PBL provides to learn from each other. Even the seminars and plenary sessions by the lecturers are open to all kinds of discussions and critical analysis of the issues at hand, which is something, at least I did not experience when I was in law school and a lot of my classmates share my views on this.

    I think the most common mistake students make when selecting a University is to look at the location of the University instead of the modules available. I made the same mistake too when I initially looked at the options available to me; and this is why it important to talk to a consultant, like The Chopras, when one is thinking about overseas education. The consultants will guide you through the options that are available and the ranking of different Universities; but most importantly being experts in education consultancy so they make your life so much easier in terms of completing your applications (including advising you on the quality of your SOPs and recommendation letters) and taking you step by step in the visa process.

     

    How did you go about writing your SOP? Could you please share your SOP with our readers? Please give few tips to make one’s SOP standout. What about recommendation letters?

    My consultants provided me with most of the tips for the SOP and recommendation letters and in fact even reviewed them before they were finalised to ensure their quality. There is no set format of writing an SOP and it’s really something that reflects your personality. I believe what Universities are looking for in SOPs is how well a person can articulate themselves on paper and how or why the person will be a welcome addition to the University’s portfolio. The point is not to list all your achievements but articulate your achievements in such a manner that the positive attributes of your personality shine through. So it’s not enough for you to write that you were a hostel prefect in college or school but rather write about what qualities put you in that position of responsibility and what you learnt from the experience. Also, personal statements must include the extracurricular activities you participated in as overseas Universities are inclined towards people with a well-rounded and grounded personality.

    As for academic SOPs, what needs to be highlighted are your academic achievements, again in a manner that your professional personality shines through. For example, you may say you were a topper of your batch in your undergrad but they might prefer if you write about the qualities you possess that aided you in topping your batch (like your ability to critically analyse legal issues or your class participation, etc.). Similarly, you might want to talk about any certificates or awards you may have received while working but highlight your professional attributes that lead to you receiving the appreciation.

    Recommendation letters are usually upto the lecturers or previous employers and students have very less or no say in what they will write about them but many a times, they might not have time (especially lecturers) an they might ask the students to prepare a rough format for them which they modify on their own.

     

    Which non-academic activities make the biggest difference to an applicant’s chances? With a record number of students applying for Masters in Law, how can a candidate distinguish himself/herself in a crowd of applications?

    Non-academic activities or extracurricular activities form the most important part of a student’s personal statement when applying to an overseas University. However, the nature of extracurricular activities does not make much difference; what is important is your role therein. For example, you may just have been a coordinator in an event and another time you may have led an event organisation or be part of a larger team with a small role to play. The different roles you may have played in these activities, big or small, may show your adaptability to different situations. I talked about my training experience while I was working and my experience as a trainer, actually helped me in securing a teaching assistant position with my department. Therefore, it’s not the activity but your role in the activity that is most significant for Universities because your role and how you handled and completed reveals your qualities and that is what they are interested in.

    Further, as for distinguishing yourself in a crowd, the only thing I can suggest is “be yourself”. If one tries to follow the crowd in how to write the SOPs or recommendation letters, you would probably be selected just out of luck instead of merit. If the student wants to be selected on merit, the student must fully participate in the application process and complete all stages (like the IELTS exam, running around for the visa application, etc.) themselves instead of depending on their parents and siblings. It is only when you experience this phase that you will be able to pour out your heart and soul when writing the SOPs because you will appreciate how important that statement is for you.

    Also, some Universities have a requirement of providing an academic writing piece with the applications so it is worthwhile to research on the referencing style used by the law school and also possibly research some tips on academic writing. If you already have work experience though, this might be quite easy but it is still extremely impressive if provide them with a written piece living upto their standards of academic writing, especially in terms of paraphrasing, referencing and variety of sources.

     

    What is your topic of research for LL.M? Why did you choose that subject for research?

    I’m pursuing LLM in Corporate and Commercial Law and although we have not finalised our topics for our research dissertation, since I specialise in contract management, my research topic would most probably around the limitation of liability under contracts or the role of negotiations and standard form commercial contracts between a global organisation and a smaller vendor. The reason why I would like to look at these research topics (which will obviously have to be further developed than these rough ideas) is so that I can draw on my professional experience and tie that up with academic evidence.

     

    What advice would you give to people that are trying to decide which area of law to specialise in?

    Whenever my younger colleagues ask me this question, I always advise them to work for some time and then revisit that question. Like me there are many freshers who have no idea what field of law they are interested in when they look for work and that awareness can only come after working for at least 3-4 years. You might find your niche in the first job itself or you might have to change your job more than once to see what you want to specialise in and what kind of organisation you would want work with. So, my advice would be to take a step back, work and gain some professional experience and then think the area you might want to specialise in. One strong piece of wisdom I would like to pass down is not to follow the herd; I know of people who have done a masters in IPR just because it is a popular course and right now they are dealing with civil and criminal cases that have no connection with IPR. Hence, instead of rushing into your decision, take some time to work and then decide.

    Skills-based learning and specifically writing is as an important skill that young lawyers need. What are some of the other concrete skills that students should look to develop, both as they go into their law school and during  law school, as they prepare for their legal career?

     

    One of the most critical skills that every law student and lawyer must possess is critical analysis. Academic/legal writing is a crucial part of your legal career but if you are unable to critically analyse issues and provide quick and innovative solutions, you cannot excel at what you are doing. The other very important skill is that of reading; I know it sounds like a basic requirement but it is an acquired skill. Be it at work or during law school and masters level, law is about reading and researching and if you take more than an hour to find an answer (you usually get only about 15 mins if you are working), you have already lost the opportunity. You must know exactly where to start your research and develop the skill of skimming through bulky documents (like cases and articles) at an efficient speed. This is the one skill (if you are able to develop it) that will be especially very beneficial at masters level.

     

    Is there anything else you think a law student should know before applying for Masters or that you wished you’d know before joining University of York?

    First step is to get in touch with an education consultancy. Thereafter, research as much as you can about the University you are joining and the city where it is located and ask your consultants about every possible scenario before you come here. If you are coming to UK, be sure to open your bank account as soon as possible and get pocket money for at least the first term because finding part time job may be challenging. Also, arrange for a local number before you reach (Matrix is a good service) but change the number into some local service ASAP and you must get a railcard if you want to travel around UK (it gives you 30% discount all year round and if you play it right, you might be able to secure it at a discounted price in the freshers week).

    York Law School is one of the best and the most innovative law schools I have come across and I’m glad I made this choice even though some people did suggest London is a better place for masters.

     

    How is your experience so far? Tell us about the faculty and facilities. Anything memorable that is stuck in your mind?

    As I said earlier, York Law School is an unconventional schools I have come across and what has really stuck with me here is that not only do they say but they also treat students like young colleagues. This culture is absolutely amazing because it sheds the junior and senior and student and lecturer barriers and just encourages creativity and critical awareness about each other. The law school teaches and learns from its students simultaneously and its process of reflective writing once a module or term is over and feedback on each module after its completion provides room for constant improvement. In fact, that is the culture all around this University, every department conducts feedback surveys to constantly improve the experience of the students here.

    The faculty here is young and vibrant and very approachable; there are no constraints in walking up to the lecturers and have a chat with them about any issues you may be facing. Every student has a dedicated personal advisor who helps them throughout the course, be it academically or personally. There is a centre for English language which provides tips and workshops on how to improve your communication (especially when in an inter-cultural group) and improving your academic writing skills, including technical errors with regard to referencing and plagiarism.

    The facilities at the University are endless. It has a separate area for postgraduate students in the law school as well as the library, which is great for group study sessions. Also, the library has a wide range of books available and there are dedicated subject guides for each field where you can access over a million journals, legal websites, international law websites, local jurisdictions, and so on and so forth.

     

    What are your long term objectives?

    Although I don’t plan that ahead but since I’m a hardworking and driven individual, I see myself as an expert in commercial lawyer and an exceptional manager. I will of course eventually, if the time is right, move into starting my own company where I will not only provide exceptional client service but also be responsible for shaping young legal minds and providing them with international professional environment that I wish I had when I started working.

     

    Lastly, what would be your parting message for our readers?

    I would like to wish everyone, freshers and working professionals, all the very best for their careers and just hope they can be themselves. I hope they try something different and do something innovative in their careers and shape bring the Indian legal community up to international standards. No doubt, many Indian law firms are already setting international standards in India, but I believe it is on us, the younger and present generation, to take those standards to a whole new level such that our law schools, degrees and experience is taken into account at an international platform as well.

  • Subhojyoti Acharya, Team Manager at Credit Suisse Trust on work with Clutch Group, LPOs and HSBC

    Subhojyoti Acharya, Team Manager at Credit Suisse Trust on work with Clutch Group, LPOs and HSBC

    subhojyoti-acharya-2Subhojyoti Acharya graduated from Faculty of Law, University of Calcutta in 2008. He is a Certified LPO Professional (CLPOP) from Lawave. He is also a Certified Anti-Money Laundering Expert (CAME) and Forensic Accounting (CFAP) from Indian Forensic. Additionally Subhojyoti is member of ACFE (Association of Certified Fraud Examiner, TX, USA) and member of ACAMS (Association of Certified Anti Money Laundering Specialist, FL, USA). He is also member of Indian Council of Arbitration (ICA) and Bar Council of India (BCI).

    He started his career with Clutch Group LLC in Due Diligence services, Legal Research and Compliance, Legal Off-shoring, Document & Contract Review, Contract Management, Legal and Compliance Research & Writing, Litigation Support, ediscovery, Document Redaction, KYC research, Due Diligence and Legal & Regulatory Compliance Services, Competitor Analysis, Anti-Fraud Investigations and AML compliance.

    Later, he joined HSBC ‘s Global Banking & Markets acting as Senior Associate in Due Diligence & Regulatory Compliance Service (KYC) on behalf of HSBC Bank globally.

    Now he is associated with Credit Suisse’s Private Banking Wealth Management Division catering Credit Suisse Trust as Team Manager. He is responsible for Legal Research, Market intelligence, regulatory, legal and tax environments, AML and Anti-Fraud Analysis.

    He is familiarized with Legal and Regulatory Compliance (KYC / Due Diligence) norms, Legal & Regulatory Research and Analysis. Anti-Fraud and Anti Money Laundering monitoring, Customer Due Diligence (CDD), Sanctions Reporting, PEP Screening etc.

     

    Tell us a bit about your childhood. How did you decide to study law? Did you have lawyers in your family?

    I belong to a closely-knit Bengali family in Kolkata, I have always fancied the idea of becoming a wildlife photojournalist contrast to any sort of corporate captive, not to mention my keen interest in the outdoors and nature’s wonders. However, my ideas changed with time and maturity. I was enlightened further by an article ‘Career in Legal Industry’ sometime when the national law schools were making their way into the legal education system – I was hugely motivated by the fact that studying law not only meant a career in litigation in the courts, it’s far beyond, it’s open and high-minded.

    I will also like to include here my grandfather who was a renowned advocate in the Calcutta High Court which, I assume, to have further contributed to my thin line of inherited passion for the subject eventually leading to a career choice.

     

    Do you think having family members or mentors with a legal background help in this profession?

    Strictly speaking having a strong legal background, although is not a condition precedent to excel in this industry, nevertheless it is always a cushion of comforts for the individual planning to embark on an independent practice to have a legacy to fall back on, in terms of knowledge, exposure and ready-reckoners during the initial rough days. Standing at this juncture of time, I strongly feel that the time has come when law is not just a profession; it is a challenging career option requiring demonstration of high entrepreneurial abilities and resourcefulness.

     

    You have graduated with B.A. LLB.(Hons.) degree from Calcutta University in 2008. Tell us about your law school experience. Share some highlights from your college days that shaped you as a lawyer.

    Like any other govt. funded institute, Department of Law, University of Calcutta had its own pros and cons. But I had been extremely fortunate to rub shoulders with rather a few well-versed lecturers and some highly ambitious and well-informed fellow mates who were keen to explore the diverse career opportunities after graduation from a global stand point.

    As a student, I voluntarily pursued a number of internship opportunities in various environments, like, law firms, NGOs, corporates, IP attorneys and finally in the Supreme Court of India. This not only provided me with the required level of perceptibility and confidence but also helped me to align myself to a specific career objective that I was not too certain of, until then.

     

    What do you feel about the perception that students of certain ‘elite’ NLU’s have a much easier time in kick-starting their career as compared to law students from other colleges? Is this true at all?

    Even in the era known for the thriving presence of various National Law Schools, I consider myself privileged to be part of Department of Law, University of Calcutta. There were definitely challenges with regard to infrastructure, quality of academics, overall growth and development as compared to National Law Schools or any privately managed institutes; conversely these have always helped me in becoming a thoroughly self-motivated, highly innovative and painstakingly diligent – I could discover myself having stupendous entrepreneurial abilities at a grass root level.

     

    After graduating from University of Calcutta, you joined Clutch Group as a Legal Associate. How did the appointment take place? What comprised your work at Clutch Group?

    After graduation I had almost made my mind to be a part of the dynamic corporate world and to achieve this I was looking for a global brand, something that would provide an exposure and some networking opportunities with legal attorneys outside India.

    In 2008, LPO was still a developing concept in India but I thought to take a plunge and taste the untasted. One of the project leaders of Clutch had come across my profile in LinkedIn and put up a call with me for an evaluation discussion which resulted into her being persuaded by my enthusiasm, interest and hunger to learn.

    In Clutch, I started with document reviewing, much later, I shifted to contract management, legal research and quality analysis of perennial projects as a part of pre-litigation motions in US court of Law.

    It was my first company and I was overwhelmed with the opportunities to work closely with US licensed attorneys (as I initially thought, or rather dreamt) and I was learning to understand their code of professional ethics and culture.

     

    Thereafter you worked as a Senior Associate in the Due Diligence & Regulatory Compliance Service at HSBC Bank. What was the nature of your work over there?

    HSBC was a giant leap – indeed a turning point of my career, which in due course mended ways for me to venture into the world of regulatory compliance and Anti Money Laundering framework – something I find hugely interesting.

    The business, at that point of time, required a legal expert who could leverage upon his analytical and logical reasoning skills requiring a lot of decision making in the end. The role demanded attention to details, strong networking abilities, unparalleled risk assessment skills, a thorough understanding of various international and well as local policies, rules, legislature and global economy.

    My role revolved primarily around Client Due Diligence, KYC Screening, AML Checks and Risk Analysis for the investment banking clientele of the bank. The clients included a diverse list of body corporates, FI, NBFC, ministries, funds, SPV, trust, partnerships, charitable units and etc. across various jurisdictions.

     

    In the meantime, you have pursued two Diploma courses. One is from NALSAR, Hyderabad with a Post Graduate Diploma in Media Laws and another is from Symbiosis, Pune with a Post Graduate Diploma in Business Administration. What is the reason behind pursuing these courses? Was it a professional requirement to enhance more in your career?

    In short, as a professional from a dynamic industry, one always needs to constantly update and upgrade his skills, level of specialization and expertise in order to fit into any competitive environment and from a business perspective, to maintain a consistent edge over the others. A modern day business demands a multitasker along with specialised and diversified knowledge.

     

    You did couple of certificate courses throughout your career. Do you think these certifications have sharpened your skills more as an LPO professional? You are also a Certified Anti-Money Laundering Expert. Please tell us something about this certification in to our readers.

    Any certifications have two fold objectives. Firstly, it upgrades your basic knowledge to a specialised skill and secondly it presents one’s specific potentials under an acceptable standard to the rest of the world.

    LPO certification was achieved during my last leg of graduation which I believed to have provided some kind of superiority at the time of my on-boarding procedure in the very first organisation.

    I am a Certified Anti Money Laundering Expert (CAME) from India Forensic and also I hold individual membership at Association of Certified Anti Money Laundering Specialist (ACAMS) from the U.S. This is closely related to what I do now and it has helped me developing my improved understanding on the subject.

     

    subhojyoti-acharya-3Currently, you are pursuing a Certificate course in Wealth Management. Please tell us about this certification to our readers.

    I have completed my Certification in Wealth Management from the Association of International Wealth Management of India (AIWM).

    This certification may help the professionals (who are part of NBFC or Banking Industry) to understand the financial market and the nature of various products that are on offer, regulated and used from a general standpoint in order to be familiar with the wealth planning industry and requirement of HMWI/UHNWI.

     

    You thereafter left HSBC to start working at Credit Suisse in their Legal & Regulatory Compliance Research, Private Banking & Wealth Management as Legal Head. What prompted this switchover?

    As mentioned earlier I was catering to the Investment Banking sector in HSBC and was curious to understand the Private Banking landscape of a global financial service sector. As all know Credit Suisse is world’s most admired private bank hence I considered myself blessed to get an opportunity to exploit the area, to know the spirit and functioning of a Swiss Bank and the legal and regulatory environment in which the business operates.

    This was again a calculated risk to relocate from Bangalore to Mumbai, which eventually paid off in style.

     

    What does your current work profile at Credit Suisse consists of? How is a typical workday like?

    Currently, I lead a team of lawyers from Mumbai office of Credit Suisse Trust, which is wholly owned subsidiary of Credit Suisse Group head quartered in Zurich, Switzerland. Credit Suisse Trust a is part of Private Banking and Wealth Management Division of the bank which provides tailor made inheritance and tax planning services to its HNWI/UHNWI clientele.

    The team collaborates with trust lawyers and legal & compliance officers of the bank and supports them with complex tax research, AML alerts, trust legislation updates, data protection and privacy laws monitoring, FATCA (Foreign Account Tax Compliance Act) legislation implementation and in the area of AEOI (Automated Exchange of Information).

     

    You are a certified LPO professional. Would you say that the work environment at an LPO is completely different from a Law Firm?

    LPO is a complete different set up as compared to a regular law firm and therefore drawing a comparison chart between these two industries will be unfair and unjustified. A young law graduate before choosing from either of these two dimensions needs to decide how he or she wants to shape up a career in law. A frequent switch between these industries may make one’s career foundation frail, therefore not advisable.

     

    Any plans for an LL.M abroad? What are your long term goals?

    Right now I don’t have one as my current area of expertise and specialities may not demand the requirement of a LL.M degree, but I have kept the option open for future and would love to do that from a foreign university, but of course on a distance learning mode.

     

    Lastly, what would be your message for our readers?

    Well, from whatever I learnt and experienced from my six plus years of professional career is if someone can identify what he loves doing and if he can transform that dream to reality as a source to earn his living hood then sky will be the limit for him and happiness would know no bounds.

  • Ashish Arun on being the founder of Offshore Research Partners, leading Expert Witness Profiler and entrepreneurship

    Ashish Arun on being the founder of Offshore Research Partners, leading Expert Witness Profiler and entrepreneurship

    Ashish Arun graduated from NUJS, Kolkata in 2010. As a student he started working on his entrepreneurial skills while starting up with Offshore Research Partners. He didn’t have to sit for placements as ORP had already taken off. Currently he is a Partner, Principal and Director at Expert Witness Profiling.

    In this interview we ask him about:

    • Starting up and managing multiple ventures
    • Journey of being an entrepreneur
    • Importance of a co-founder

     

    How would you like to introduce yourself to our readers? Please share your academic and professional background.

    I graduated from NUJS in 2010 and currently run Offshore Research Partners, a legal research and outsourcing firm based in Calcutta. I am also a partner in Expert Witness Profiler, LLC, which is a legal research product oriented company, based in the United States. Originally from Patna, I am based out of Kolkata at the moment.

     

    Tell us a bit about your childhood, your hometown and your pre-graduate life as well.

    The first few years of my life were spent in a small town of Bihar. When I was 5, my father moved to Patna, primarily to get me a better education. Many who know me from NUJS wouldn’t believe this, but I was actually pretty good at studies as a kid.

     

    The career of a lawyer in India is still just a backup option for most students. What motivated you to choose law as a career? Did your family and friends not suggest you to go for Engineering or Medical Studies?

    As a kid, I never wanted to be a lawyer. My father is a practicing lawyer at the Patna High Court and I had seen the struggles that a lawyer has to go through during the first few years and law as a career became a strict no. After getting a decent score in boards, the natural choice was either medical or engineering and I picked medical because I didn’t want to study math.

    As fate would have it, I couldn’t clear the medical entrance exams and ended up wasting a few years after my 12th. I still wasn’t thinking of law till my cousin (a successful practicing lawyer at the Supreme Court) convinced me that I should consider studying law. If not for him and the easy competition back in 2005, I wouldn’t have studied law.

     

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

    College life was the best thing that ever happened to me. I made some of my best friends, right in the first few weeks of college and the next five years were beyond imagination! I was involved in student activities right from the first year and tried my hand at almost everything; even singing – something my friends still make fun of. I used to actively participate in organizing Outlawed, the NUJS cultural fest and would also volunteer for almost every other event that took place. Student representation was something that I really enjoyed and eventually served as the President of the SJA (the NUJS student body) in my fourth year. That was a great experience as it taught me many organizational and leadership skills which still help me in running my businesses.

     

    What kind of internships did you do while you were a student? Are there remarkable experiences during your internships that shaped your career choices later?

    Like most law students, I was clueless about what I wanted to do after law school. So I tried all kinds of internships. Some of the memorable ones were from the first year when we actually spent days sitting on Jantar Mantar with the team of Justice for Bhopal, helping them with research and whatever little legal help we could offer as first year law students. Another great stint was at the offices of Siddharth Luthra, who personally taught us the basics of legal research. That internship made me understand how the right approach to research can save a lot of time and help you develop a clear understanding of the existing legal position on any issue; something that helps me today as well in serving our clients.

     

    How did you fare in your academics at NUJS? How was the academic pressure? Do you believe that excellent CGPA is the key to all success?

    If you make CGPA the benchmark, I didn’t do very well at NUJS. A good CGPA shows you are hardworking and dedicated to what is needed even if you don’t really like it. A not-so-good CGPA, on the other hand, doesn’t establish that you are good for nothing. I don’t think most of us felt any academic pressure. I may be wrong but the semesters used to be pretty easy going and everyone studied just a few days before the exams. Obviously, there were exceptions but not many.

     

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    You started a business while you were at NUJS related to the LPO industry. Tell us the background story a bit.

    Quite a few of us used to do research for Daubert Tracker, an American legal database, to earn some extra pocket money. I had managed a few third party research projects for them in my third year and realized that there was potential in academic and commercial legal research outsourcing. In March 2009, I was helping them conceptualize a new research product and that is when I realized that I wanted to work in the area of legal research and publication. It was a good opportunity as they were willing to outsource all their research operations to me if I could set up a team of lawyers in India. One thing led to another and by the time we started the Calcutta office in December 2009; we already had 3 clients sending us work on a regular basis.

     

    A big stumbling block for student entrepreneurs is arranging capital for the business. How did you handle this? How did you find your initial team for the business?

    Capital requirements are different for product and services related companies. Since mine was the latter, we needed very little capital to get started – just enough to rent a space with 2-3 computers, a working internet connection and some basic furniture.

    The initial team came from friends and their references. That is something I would change if I had to do it again, as friends seldom make great co-workers.

     

    Did you look for a co-founder? Is this important to start a business?

    Since I started ORP after working as a researcher for Daubert Tracker for a few years, Myles Levin (Daubert Tracker’s owner) was an automatic choice for a co-founder. He funded the start-up expenses and I had been working with him for several years to feel comfortable about it.

    Having said that, I am not a huge believer in the “must-find-a-co-founder” theory. Many people start businesses with friends without truly understanding what the other person is really bringing to the table. No matter who your co-founder is, it is really important to decide the expectations and responsibilities of each person before you decide to sail together.

     

    What did you do after your graduation? Were you looking for placements at all?

    One big reason to go ahead with ORP with six months of law school left was placement options. I wanted to give six months to ORP which would have given me a fair idea if it was going to work or not. If not, sitting for placements was always an option. Thankfully, it worked fine and I didn’t have to go look for a job.

     

    Can you tell us something about the Expert Witness Profiler and Offshore Research Partners as your businesses and how did you conceive the idea for these business ventures?

    Expert Witness Profiler (EWP) was a company that was our (ORP’s) client. When one of the founders of EWP decided to leave to focus on his original business, I was presented with an opportunity to co-own the company. We were already handling their operations, from research to delivery and even post-delivery customer support – so it seemed like a good option to pick a stake and co-own the company and I went for it. It was one of the best decisions I made as the business has been growing and it is always more rewarding to be a co-owner than a vendor.

     

    You won the Star Youth Achiever Award for the Year 2010-11. Tell us something about this. How does it feel to reach these heights at such an early stage in career? And how has your journey as an entrepreneur been so far?

    Yes, the recognition and the awards came knocking very soon – but they are a mere reaffirmation of the fact that you are moving in the right direction and doing the right things. If anything, it motivated me to work harder and make sure that the growth momentum is maintained and the companies keep outperforming themselves on a regular basis.

    My journey as an entrepreneur has been like most others, I believe – I have seen good times as well as bad. Business slowdowns and a sudden upsurge in the order books have both happened and we have learned as a team, every day, how to tackle problems better and keep moving forward.

     

    How difficult would you say the first few years were of your own business? Tell us about the highs and lows.

    ORP has been profitable since the very first month – so, thankfully, we never had any financial issues. Most of the problems that we have had are what I would call a “good-quality-problem”. For example, we found ourselves overwhelmed with work and several of us would spend more than 24 hours in the office on certain days. This may sound normal to someone working in a law firm but it doesn’t really happen in the outsourcing. We have seen slowdowns and plateaued growth for a few months here and there – something that very few businesses can avoid, but other than that, it has been a pretty smooth ride till now.

     

    Did you at any point of time doubt your career choice of being an entrepreneur? If yes, how did you cope up with that?

    Never. I know it is easier to say this now with 20-20 hindsight, but I am thankful that I never really doubted it as a career choice.

     

    How do you think knowing law benefits an entrepreneur? What are the prime hurdles that a non-lawyer entrepreneur is likely to come across?

    Everyone needs to know the law – it has its own benefits and entrepreneurs are no different. However, there is a huge difference in knowing the law and being a lawyer. Because of being a lawyer, I could draft my own Agreements and I understood the legal as well as the commercial aspects of it. Or, I could incorporate a company without using another lawyer to draft my AoAs and MoAs. But then, an entrepreneur can always seek legal advice for these issues. I do not believe that a non-lawyer entrepreneur would face any specific difficulties or hurdles just because he is not a lawyer.

     

    You are a businessman more than a lawyer now. Do you feel that doing a business related course like MBA would have been better than studying law?

    Most of the projects and businesses that I have undertaken till now and plan to take up in the future are related to law. And I would not have been able to do any of this if I didn’t study law. An MBA may have helped but not as much as studying law did.

     

    Would you like to pursue higher study some day? Why or why not?

    Absolutely – but just to be able to go back to campus as a student! There is nothing better than that.

     

    Do you take interns? If yes, what qualifies one for an internship at Offshore Research Partners and how should one apply for the same?

    We do take interns and the only real qualification is that you need to be a law student. We have an internship application form on our Careers page (www.orp-india.com/careers) and one can apply using that.

    Interns are selected based on the cover letter, the accuracy and attention to detail in their CVs and a little weight is given to the year in which the student is – the higher, the better.

     

    Many law students consider working at an LPO to be an inferior choice. Why is this? What are your thoughts on the same?

    The industry is still new and the general perception is that you do not get to do any cutting edge work – the work can be mundane and repetitive. However, nothing can be farther than the truth. Yes, a lot of work that LPOs do is repetitive but if you are bright, you can move up the chain quickly and participate in the decision making process – develop new solutions, work with clients directly and do things in a few years that would take you decades in a law firm. Expert Witness Profiler prepares background reports for attorneys not only because it is cheaper to use us (ORP does all the research), but also because many attorneys do not have the same resources or the research skills that our lawyers have developed through the years.

     

    Lastly, what would be your message to law students and young lawyers who want to pursue entrepreneurship?

    Just because one thinks that an idea is great and has a lot of potential should not be the only factor in deciding whether you want to go ahead with something. Most startups fail because there is no demand for the products or services they create. Therefore, it is really important to assess the market and make sure that you are either fulfilling a need that already exists or you would be able to educate your target market and create a need for your product or service.