Super Lawyer

Tag: security Law

  • “A successful start to a legal career requires a combination of intellectual rigor, reading, practical experience, internships and personal growth.” – Ranit Basu, Partner at Bridgehead Law Partners.

    “A successful start to a legal career requires a combination of intellectual rigor, reading, practical experience, internships and personal growth.” – Ranit Basu, Partner at Bridgehead Law Partners.

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

    With nearly a decade of experience, could you share what shaped your decision to pursue a legal career? Was law always your intended path, or did your interest develop over time?

    Growing up in different parts of the country, I witnessed diverse cultures and educational experiences. During all these changes, the only thing that remained constant was my love for reading, debating and playing sports. After doing extensive research into various avenues which are better suited to my interests, I realised that law is my calling. Although I am a first-generation lawyer, rigorous participation in moot court, extempore debate and client counselling competitions gave me the motivation and confidence to pursue litigation. My interest in litigation shaped my vision to join a chamber, start my independent practice and ultimately establish a law firm.  

    You began your legal career at the chambers of Senior Advocate B. M. Chatterji in Mumbai. What were some of the key lessons you learned during this time and how did it help form the foundation of your legal practice?

    It is difficult to sum in limited words about the profuse lessons I have learnt from Chatterji sir. Under his tutelage, I learnt the importance of meticulously reviewing documents, to give attention to details, learning to juggle multiple tasks and manage time to handle the demands of legal practice especially when managing a large caseload, the real-world impact of legal decisions, the importance of clear, empathetic communication before the Court, how to approach and conclude complex legal research. He set the foundation of my legal practice and despite going independent, I continue to learn from him and for that I will forever be grateful to him, as once a senior, always a senior.

    After gaining significant experience, you founded Bridgehead Law Partners. What inspired you to take the leap and establish your own firm, and what challenges did you face while building your practice from the ground up?

    Bombay is the financial hub of India with a plethora of commercial and financial transactions and disputes. My focus area has always been commercial dispute litigation and my Partner Karan Narvekar’s focus area has always been corporate advisory. We teamed up and established Bridgehead Law Partners with the passion and vision to build something from scratch, make a bigger impact, provide a one stop solution to all legal disputes and to take on complex legal matters. Despite multiple challenges, seeing the firm grow from an idea to something that truly makes a difference in the lives of clients and litigants has made this struggle worthwhile. One of the biggest challenges I faced in building my practice was the initial uncertainty, financial risk and pressure to make decisions that would affect not just me, but those who joined me in this journey because team building is one of the key ingredients for ensuring longevity of any institution. 

    Could you give us an insight into your practice areas? Do you take up a lot of matters before the National Company Law Tribunal and National Company Law Appellate Tribunal?

    My practice revolves around various kinds of commercial disputes arising under contracts, domestic and international arbitration, direct and indirect taxation laws, succession matters, admiralty law, insolvency and bankruptcy law specially relating to creditors, resolution professionals, successful resolution applicants and personal insolvency across the country. I also represent clients before the Securities Appellate Tribunal in matters pertaining to securities law disputes. Securities Appellate Tribunal is a special forum with only one bench in Mumbai that hears appeals against decisions made by the Securities and Exchange Board of India, Insurance Regulatory and Development Authority or the Pension Fund Regulatory and Development Authority. 

    Practice in National Company Law Tribunal and National Company Law Appellate Tribunal is not just about insolvency matters. It also deals with multiple disputes arising under the company law and one of the most common disputes is act of oppression and mismanagement of shareholders in a family-owned business. Indian insolvency law is still evolving and NCLT is already overburdened with the pressure of time bound disposal of insolvency matters, however, constitution of bench with members from legal background as well as practical and technical areas have led to closure of corporate insolvency resolution process of various companies, restored faith of investors and framed the landscape of insolvency laws in this country.

    Given your experience in both Indian and international arbitration, how do you manage the complexities of cross-border legal matters? What specific challenges arise when working with foreign clients or navigating international legal systems? 

    Managing the complexities of cross-border legal matters, especially in arbitration, requires a deep understanding of both the substantive legal issues and the procedural nuances that differ from one jurisdiction to another. Each jurisdiction has its own laws, regulations, and procedures for arbitration. In the case of cross-border arbitration, I ensure that I have a clear understanding of the relevant legal framework in both: the country where the arbitration is seated and the countries involved in the dispute. One must also be well versed with the Arbitration and Conciliation Act, 1996, UNCITRAL Model Law on International Commercial Arbitration, rules of arbitration institution, etc. Managing cross-border arbitration involves a strategic combination of understanding different legal systems, building strong working relationships with local experts, maintaining cultural sensitivity and being adaptable in the face of evolving challenges. 

    What advice would you offer to young law students or aspiring advocates who wish to pursue a career similar to yours? Are there any particular skills, habits, or mindsets they should focus on developing early in their legal careers?

    Early on in my law college, I realised the importance of being updated about legal developments. For me, reading legal articles, judgments and journals was an unavoidable part of my law college journey. It is a habit I continue to follow till date. A successful start to a legal career requires a combination of intellectual rigor, reading, practical experience, internships and personal growth. One advice that I would like to pass on is that law students must participate in moot court competitions to get an insight into the dynamics of presenting a case before a judge, understanding courtroom etiquette building confidence in dealing with the court environment.

    Balancing professional growth with personal life can be challenging. How do you manage to maintain this balance? Are there any specific hobbies or activities you enjoy to unwind and relax after a busy day?

    Just as I schedule meetings and work-related tasks, I also schedule personal time for activities that help me unwind after a long day. Whether it’s spending time with family and friends, exercising, playing sports, reading books or travelling, treating this time as non-negotiable ensures that I don’t overcommit to work and lose out on life outside of the office. I try to be intentional about how I use my time. Regularly stepping back to reflect on my goals, both professional and personal, helps me stay aligned with what I want from life. 

    Get in touch with Ranit Basu –

  • AI, Mentorship and the Future of Law: Insights on Embracing Change in the Legal Profession – Bill McCormick, Legal Expert and Mentor, Greater Chicago Area, United States.

    AI, Mentorship and the Future of Law: Insights on Embracing Change in the Legal Profession – Bill McCormick, Legal Expert and Mentor, Greater Chicago Area, United States.

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

    In your profile, you described AI as a “young associate” in the legal field. Could you elaborate on how AI is redefining traditional legal roles and the kinds of responsibilities we might pass on to AI? How can lawyers adapt to this shift?

    I came to law from a manufacturing and engineering background, which gave me a unique perspective. The legal industry differed dramatically from manufacturing and engineering—specifically the accountability and lack of measurement. Much of law is learned through apprenticeship, which is vastly different from the formal training in engineering. In fact, I felt law school left me far less prepared for my career compared to the preparation engineering school provided for engineers.

    When I entered the legal field, I realized law practices could be more efficient. I compared it to medicine, where patients now play an active role—researching symptoms, diagnosing themselves (sometimes overly so), and bringing their questions to healthcare professionals. Medicine became somewhat democratized, allowing patients to take ownership of their health, for better or worse. This shift hasn’t happened in law on the same scale.

    Most of my career has been in corporate law, and I observed real changes in other corporate departments, like accounting and finance, which moved away from manual tasks toward insightful, risk-based processes supported by software. By contrast, legal departments stayed static for many years. While there were incremental innovations, such as moving from typewriters to word processors or shepherdizing cases online, none of these fundamentally transformed the legal industry. 

    One significant development came with Alternative Legal Service Providers (ALSPs), which began specializing in areas like eDiscovery in litigation. They didn’t threaten traditional lawyers because these tasks were in untraditional fields. Similarly, in-house legal operations began to introduce the idea of running law as a business, but even that didn’t fundamentally change legal practice, which remained heavily relationship-driven.

    We also saw the rise of skilled paralegals, legal process-outsourcers, and other support, but the core practice of law didn’t evolve significantly. In the U.S., access to justice remains a major issue. A large portion of the population can’t afford legal assistance unless they are at a very high-income level. While many dedicate themselves to justice-based work, the problem persists.

    Where I see generative AI playing a significant role is in finally shifting some of the ways legal services operate. Generative AI has the potential to fundamentally change the role of outside counsel by improving productivity, reducing rote work, and allowing legal professionals to practice at the top of their expertise. It could bring greater satisfaction to legal roles by enabling lawyers to focus on higher-level thinking, problem-solving, and client strategy. I’d like to believe this will make the field more engaging—and even more fun.

    Many lawyers fear AI might take over the legal profession. You’ve been teaching AI engineers to understand “how humans do law.” What surprising or challenging aspects of this collaboration have you encountered? How has your legal and engineering background shaped your perspective?

    I wouldn’t go so far as to call myself a “professional” engineer, but my engineering mindset informs everything I do. Regarding AI, I understand the fear—that it might replace lawyers. But I see it differently. As AI reduces costs and improves productivity, legal services become more accessible. More people will be able to afford legal help, and demand will rise. In turn, lawyers will manage more clients while performing at a higher level.

    AI isn’t going to take over the legal profession. It’s going to be a tool—a partner and an enabler. This means lawyers can focus on preventing problems, conducting root-cause analyses, and understanding systemic issues instead of repeating the same tasks or racing against time. That’s why I encourage younger associates not to fear AI but to embrace it, adapt to the inevitable pace of change, and maintain a mindset of continuous learning.

    What have been the most important skills or mindsets you developed while working on more than 35 M&A deals across 13 countries? How did you navigate the cultural and demographic differences in those deals?

    Every culture, country, and even corporation has its own personality. Two key lessons stand out from my experience: humility and collaboration. I don’t assume I know everything. For example, even if I’ve done M&A work globally, the local counsel advising me always knows far more about the nuances of their jurisdiction. They bring priceless insights that I wouldn’t have on my own. Similarly, I’ve learned to be transparent about my preferences, expectations, and objectives while fostering trust.

    In any negotiation, it’s critical to show truth, trust, and vulnerability to create an environment where others feel safe to reciprocate. That allows for the best possible collaboration and outcomes.

    You’ve negotiated with Fortune 100 companies and Big Four banks. What challenges and rewards have you faced in those negotiations, and how have those experiences influenced your role as a mentor?

    The hardest part of negotiations is working with someone unprepared, especially when you’re doing most of the work for both sides of the deal. It doesn’t make for great results. On the other hand, negotiating with the Big Four banks was challenging but rewarding. They were experts—specialists who deeply understood nuanced regulations like credit reporting laws. Collaboration required me to respect their expertise and remain concise and factual while educating them on where our roles aligned. 

    In negotiations, preparation and confidence are essential. But you must also align closely with your team and communicate openly to achieve success.

    You heavily emphasize mentorship and learning. What’s the most impactful piece of advice you’ve received that you pass on to mentees?

    Be true to yourself. Focus on developing your strengths rather than obsessing over weaknesses. I believe we’re all given unique gifts. While it’s important to address our shortcomings, trying to “fix” them at the expense of our strengths does more harm than good. The key is to leverage your natural abilities while minimizing distractions from your weaknesses.

    You seem to live a life of continuous learning. How do you practice implementing new knowledge in both your personal and professional life?

    The key is repetition. Whether it’s a new skill, concept, or even something as simple as someone’s name, using it consistently helps retain it. Skills, particularly technical ones, are perishable if not employed regularly. Teaching, in particular, has been a way for me to cement what I learn. When I share knowledge with others, I not only reinforce what I know but also open myself to learning from their insights.

    Your profile mentions a love of backpacking. How has that hobby helped you manage stress or shaped your approach to life and law?

    Backpacking forces me to unplug. It takes me back to the essentials of life: reaching the destination, managing supplies, and supporting those hiking alongside me. The simplicity is both grounding and rejuvenating. It reminds me to keep stress in perspective and appreciate the privilege of the work I do.

    You’ve had a diverse career across industries like fintech, MedTech, and law. How has this versatility shaped your perspective?

    My career has been a journey of curiosity and learning from diverse environments. Moving between fields allowed me to bring insights from one industry into another. For example, working across corporate governance allowed me to see how brilliant leaders approach complex issues. These experiences have helped me ask better questions, foster collaboration, and apply versatile approaches to newer challenges.

    Ultimately, people matter more than tasks. Empathy, kindness, and respect guide my interactions, whether I’m working with a Fortune 500 CEO or a junior colleague. Maintaining humility and staying true to these principles is essential.

    As technology and societal shifts disrupt the legal profession, how are you preparing for the next decade? How do you mentor others to adopt a similar mindset?

    The legal profession is undergoing the most significant inflection of my lifetime, and I’m excited to be part of the generation ushering in this change. To prepare, I focus on continuous learning—keeping up with technology, gaining simulation-based experience, and staying abreast of fast-paced changes.

    Personally, I see the democratization of justice as a key issue for the next decade. I hope to leverage my skills and technology to support pro bono efforts and improve access to justice. While the system is imperfect and broadcasts its flaws, history shows us that societies cannot exist without the rule of law. Ensuring we uphold and adapt that system responsibly is a challenge I’m ready to embrace.

    Get in touch with Bill McCormick –

  • “Success in corporate governance demands a combination of technical expertise, ethical integrity, and strategic thinking.” – Sathish Kolar Ramamoorthy, General Counsel & Company Secretary at Manipal Health Enterprises Pvt. Ltd.

    “Success in corporate governance demands a combination of technical expertise, ethical integrity, and strategic thinking.” – Sathish Kolar Ramamoorthy, General Counsel & Company Secretary at Manipal Health Enterprises Pvt. Ltd.

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

    With over 25 years of experience across various domains, looking back, what made you initially pursue a career in law and Company Secretaryship subsequently? Could you share some advice for young students who are pursuing multiple qualifications?

    My journey into law was inspired by a passion for understanding the complexities of legal systems and their pivotal role in shaping societies. Early on, I recognized the importance of a strong legal foundation in effectively navigating intricate legal and regulatory frameworks. Adding Company Secretaryship to my qualifications was a strategic decision to complement my legal acumen with a deep understanding of corporate governance and compliance. Together, these qualifications provided a holistic skill set to thrive in the corporate legal landscape with confidence.

    For young students pursuing multiple qualifications, my advice is to concentrate on creating synergy between their chosen fields. Prioritizing effective time management, maintaining focus, and aligning their learning path with long-term career aspirations are essential. These efforts not only offer a competitive edge but also help cultivate versatile and comprehensive skill sets.

    What was unique about the teaching pedagogy of Queen Mary University of London that piqued your interest instead of going with other universities offering similar courses?

    Queen Mary University of London stood out due to its rigorous academic environment combined with the institution’s global perspective. Its focus on corporate and commercial law aligned perfectly with my career aspirations. Additionally, the access to renowned faculty and diverse peer interactions enriched my learning experience. India also follows the common law tradition, and hence learning was seamless. The curriculum encouraged critical thinking, problem-solving, and an interdisciplinary approach, all of which have been instrumental in my professional journey.

    In your inspiring journey, you have worked as the Legal and Corporate Advisory head of various big companies. What, in your experience, is the future of technology in the field of contract management, compliance, and Data Protection with regards to the changes brought by the DPDP Act?

    Technology is reshaping the legal landscape in diverse areas including contract management, compliance, and data protection. Tools like CLM software, compliance management platforms leveraging AI and machine learning could streamline processes, improve accuracy, and mitigate risks. The Digital Personal Data Protection Act emphasizes the need for robust data governance frameworks, and the software tools can significantly enhance capabilities in data privacy, incident response, and compliance monitoring.

    Moving forward, the integration of AI, machine learning, blockchain for smart contracts, and enhanced data security protocols will redefine standards in these fields. Legal professionals must embrace these advancements to remain agile and add strategic value.

    Heading a law firm specializing in corporate, commercial, securities, finance, and real estate laws and providing strategic counsel to various national and multinational corporations must be a demanding task. What are some of the strategies that you employ to achieve desirable results for your clients?

    Delivering optimal results requires a blend of strategic thinking, meticulous preparation, and proactive client engagement. Key strategies include:

    • Understanding the unique objectives and challenges of each client to craft relevant strategies.
    • Engaging multidisciplinary teams to provide holistic advice that addresses both legal and business needs.
    • Focusing on providing solutions rather than being held up at problems.
    • Staying updated on legal developments and industry trends to anticipate potential challenges and opportunities.

    Your expertise extends across diverse sectors, and you have headed various legal and corporate advisory teams over the years. How do you ensure a collaborative and supportive environment within your team?

    Fostering a collaborative and supportive environment within a team begins with building trust and ensuring open communication. Setting a clear vision coupled with empowerment of the team plays a crucial role by encouraging team members to take ownership of their responsibilities while providing the necessary guidance and mentorship. A supportive environment thrives on mutual respect and a shared commitment to excellence, ensuring that every member contributes to the overall success.

    You must have a fast-paced work schedule as the General Counsel & Company Secretary to Manipal Health Enterprises Pvt. Ltd. How do you manage a work-life balance with a demanding career?

    Work-life balance in a demanding career involves setting clear boundaries and prioritizing responsibilities. Time management plays a crucial role, with specific time slots allocated for both professional and personal commitments. Delegation is equally important, as trusting the team to manage responsibilities while maintaining oversight ensures efficiency. Achieving a sustainable balance is an ongoing process that requires adaptability and a conscious effort to stay grounded.

    Given your diverse experience, what advice would you give to the young law students who aspire to be successful in the field of corporate governance?

    Success in corporate governance demands a combination of technical expertise, ethical integrity, and strategic thinking. My advice to young law students:

    • Focus on mastering core legal and regulatory principles.
    • Keep abreast of emerging trends, such as ESG and digital transformation.
    • Cultivate leadership, communication, and negotiation abilities.
    • Learn from experienced professionals who can guide your career trajectory.

    What has been the most challenging engagement that you have come across in your career in the healthcare sector, and how did you accomplish it?

    The most challenging engagement in the healthcare sector was overseeing the acquisition of Columbia Asia Hospitals, particularly during the challenging period of the COVID-19 pandemic. This required conducting thorough due diligence to identify potential risks, navigating negotiation of complex contracts, addressing regulatory compliance across jurisdictions, and ensuring a seamless post-acquisition integration. Effective collaboration with cross-functional teams was crucial to overcoming the obstacles underscoring the importance of adaptability and strategic foresight in executing high-stakes transactions.

    In your entrepreneurial venture, you led a boutique law firm specializing in corporate, commercial, securities, finance, and real estate laws. What were the key experiences that made you switch to starting your own practice and then again to working with Manipal Health Enterprises Pvt. Ltd.?

    Starting my own practice was driven by a desire for professional independence and the opportunity to build a client-centric firm. It allowed me to explore diverse industries, deepen my expertise, and develop strong client relationships. Transitioning to Manipal Health Enterprises was motivated by the scale and impact of the role. It presented an opportunity to work on transformative projects, such as large-scale acquisitions. This journey underscores the importance of aligning career decisions with both professional aspirations and personal values.

    Get in touch with Sathish Kolar Ramamoorthy-

  • “Exposure to a diverse set of clients and sectors provides much needed agility and flexibility that is required in today’s world of technological and socio-economic disruptions.” –  Siddharth Ratho, Vice President and Head of Litigation at  Nuvama Group.

    “Exposure to a diverse set of clients and sectors provides much needed agility and flexibility that is required in today’s world of technological and socio-economic disruptions.” –  Siddharth Ratho, Vice President and Head of Litigation at  Nuvama Group.

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

    Can you share the pivotal moment or motivation that inspired you to pursue a career in law, and how that decision has shaped your professional journey?  

    Growing up, I wanted to be many things. At different points, I was certain I wanted to play cricket for India, be a pilot, architect, astronaut, historian etc. I liked science, math, and humanities. I also loved sports and music. My parents allowed me to dream and never really tried to influence me towards a particular profession. I perceived the world as my oyster in an ocean of possibilities. 

    After finishing my high schooling in India, I went on to pursue my undergraduate studies in the USA from 2007 to 2011, with a full scholarship, double majoring in Economics and International Relations and minoring in mathematics. 

    Shortly after arriving in college in the US, the global financial crisis hit, with ripple effects felt all over the world, lasting over half a decade. Businesses went insolvent overnight, and tons of people lost jobs. Multiple lawsuits were filed, massive legal battles initiated, and a lot of discourse on what went wrong and who was to blame. While studying international political economies, foreign affairs, corporate finance, and many other fascinating subjects offered by my liberal arts college, I slowly but surely also started developing an interest in law. 

    After finishing my stint in the USA, I came back to India and pursued the three-year law degree at Government Law College, Mumbai. GLC allowed me to intern in a lot of great law firms while also pursuing my LLB degree. 

    The rest, as they say, is history! 

    You are a dual-qualified lawyer, both as an Advocate in India and a Solicitor in England and Wales. Do you think this dual qualification has given you a unique advantage in your career? If yes, how has it shaped your professional approach, and what kind of legal professionals do you think should pursue this path?  

    Having studied abroad early in my life, I always knew that I would never want to be limited by borders. 

    The first five years of my law career were spent at Nishith Desai Associates, where I was involved in several complex, cross border disputes spanning multiple jurisdictions. Even during my later stints at CAM and Trilegal, I was part of several foreign seated arbitrations in Singapore, London, Paris, New York all with their own challenges and nuances. 

    Getting a dual qualification in this increasingly intertwined world and given how my career had begun seemed like the way to go. So, I started looking up options. 

    At the time, the route to qualification as a Solicitor in England and Wales was known as QLTS. Nowadays, it is known as the SQE route. Pertinently, this route did not require you to compulsorily do an LLM in the UK and spend tons of money. It only required you to ace the two stages of the QLTS exams. The fact that English law is the most used law in multi-jurisdictional transactional documents was another factor in me choosing English law. It also certainly helped that English jurisprudence has developed for almost a millennium, ever since the Magna Carta, and is the genesis of the common law system as we know it today. So, choosing English law was a no brainer.  

    Studying for the qualification and dealing with the exam format (first stage in India and second in London) was an absolute pleasure. While my experience in some of India’s best law firms has taught me a lot, the rigour of the English law qualification exams truly took my skills and understanding of the first principles to a whole new level. As a newly minted “international lawyer”, I started seeing legal problems with even more clarity. Dissecting complex contracts became simpler. Deconstructing multi-jurisdictional legal quagmires, easier.  

    I don’t know whether the “dual qualified” brand by itself has given me any specific advantage in my career yet. However, it has certainly advanced my knowledge and better equipped me as a “global lawyer.’ 

    I see that a lot of young lawyers today want to pursue this dual qualification immediately after graduation. I would strongly advise that initially, young lawyers should focus on learning the basics before trying too much “fancy stuff”. Priority should be to get 8-9 years of work experience. Learn as much as possible. See where your career is going, and then do it, if you think it would help you in your line of work.

    Doing it with the expectation of some immediate gains may only disappoint you. 

    Do it as a quest for knowledge, and to challenge yourself, if you must. 

    Looking back at your experience in international arbitrations under various institutional rules (SIAC, ICC, LCIA), what have been your key learnings, and how do these frameworks differ in practice?  

    All these international arbitration institutions essentially follow the common principles of ensuring efficient, effective and swift arbitrations, managed in an extremely professional manner. Each rule comes with its own nuances and options offered. Diving into these nuances is an entire subject on its own. All of them offer some of the most advanced features and cutting-edge global practices in arbitration. 

    My experience in such arbitrations has given me firsthand experience and knowledge in arbitration’s global best practices.  

    I must mention that I have also done several Indian institutional arbitrations. The facilities and features that they have to offer these days are up there with the best in the world, are far more cost effective, and deliver equally efficient results. 

    What motivated your transition from starting off at law firms initially to becoming the Head of Litigation at Nuvama Group? 

    I have spent over a decade in some of India’s best law firms –have had some great mentors over the years, and the experience of some incredible matters along the way. I did not really have a pre-set plan to shift to a corporate in-house role. However, I had noticed of late that more and more companies were seeking to strengthen their legal teams and onboard talent. So, I was never averse to the idea if the right opportunity came along the way. 

    When this opportunity arose, I could not resist – a challenging role with a great profile, in an exciting and fast-growing industry. Also, I am truly dialled into the India economic growth story. The wealth management and financial sector in my opinion is going to be a front-runner in India’s quest to become an economic superpower this century. Also, I read up about Nuvama and was bought into its mission, vision and culture of excellence. It seemed like an ideal next step in my career where I could also use my multidisciplinary educational qualifications, my keen interest and knowledge in economics and finance, to add value in an exciting company making strides in a cutting-edge sector. 

    How did your experiences in law firms shape your approach to leading a corporate legal team?  

    My experience at India’s premier law firms helped me form a sound legal knowledge base, learn high level legal skills and put them into practice. It also instilled in me essential attributes, such as discipline, work ethic, attention to detail and the ability to perform under pressure. 

    Leading a function in a company requires clever use of “EQ’ along with “IQ”, understanding and coordinating between various functions and finding practical and strategic solutions to the every-day problems faced by companies in highly regulated sectors through a collaborative approach. Having a sound legal knowledge base and sharp skills is very important. You are required to make tough decisions every day to mitigate potential liabilities and protect the company. You may not always have time to do the necessary research and then come back with an answer. Businesses cannot wait too long for answers and solutions, especially in a fast-paced and fast-growing sector.

    You are put under the spotlight almost every day and you need to perform with alacrity. You need to provide solutions immediately.  If you do not have strong legal principles and skills to back you up, then you will not be able to do the  firefighting that the company requires you to do. 

    It’s been about five months since you transitioned to the corporate world with Nuvama Group. How has your experience been in adapting to the corporate culture compared to your previous experiences in law firms? Do you feel more aligned with the corporate side, or do you still lean towards the law firm environment, and why?  

    These five months have added a whole new perspective in my approach as a legal professional. I can now see how businesses perceive law firms. Having seen both sides, I am able to identify the gaps in terms of what law firms have to offer, and what businesses truly desire.  

    In terms of pure work environment, one refreshing difference for me is the variety of people with different educational backgrounds and qualifications that you are surrounded by. In law firms, you are surrounded by mostly lawyers. In my current role, I am interacting with MBAs, CFAs, CAs etc every day.  

    It’s too soon to say which side I am more aligned to. There is a lot to learn from both sides. What I can certainly say is that these five months have been the most unique in my work experience so far as this is the first time I am working somewhere which is not a law firm. What I have learned in these five months, I haven’t in my decade long experience in law firms. So, I am already a better lawyer now than I was five months ago along with the added wisdom that new and unique experiences and challenges provide.  

    I believe every lawyer should experience both sides at some point. 

    With your unique experience across both Indian and international legal landscapes, how do you perceive the evolving role of technology in dispute resolution, particularly in areas like international arbitration and commercial litigation?  

    One of the main concerns for businesses, while dealing with legal issues, is the costs involved. Technology is already doing a lot in terms of reducing legal costs. Hearings can happen over VC reducing travel costs. The use of technology in online dispute resolution is also quite promising. 

    Technology will further reduce “billable hours” by using AI to accomplish various more monotonous legal functions. Gone are the days when a law firm could charge a business endless hours for “research” and basic drafting and documentation work. 

    As technology improves, arbitrations and commercial litigations will continue to become more and more efficient and cost-effective.  

    In the future, technology and AI , through objective cost-benefit analysis, will help businesses assess whether it is worth fighting a case or merely settling a case through mediations. 

    The possibilities are endless. 

    You’ve worked on cases spanning sectors from fintech to renewable energy. How has this diverse exposure shaped your approach to problem-solving, especially in legal situations requiring cross-sectoral knowledge and multi-jurisdictional strategies?  

    This is another major advantage of starting off your legal career in law firms. You get to work with a diverse set of clients from various sectors. Legal solutions cannot always be black and white. A solution should be practical and enforceable. To be enforceable, they must account for practical realities. To understand these practical realities, it is important to understand the nature and characteristics of the business and the sector that you are dealing with. 

    Exposure to a diverse set of clients and sectors provides much needed agility and flexibility that is required in today’s world of technological and socio-economic disruptions.  

    You have represented clients in high-stakes disputes across various forums, including the Supreme Court and High Courts. What advice would you give young lawyers aspiring to excel in the legal field?

    Getting the basic habits right very early on in your career is most essential. Be disciplined, have a good work ethic and be an eager learner. Keep yourself up to date with the latest laws, regulations and judgments. 

    Particularly, young lawyers should note that legal drafting is one of the most difficult skills to acquire. And this skill comes only through practice. So, take up as much drafting work as you can early on. If you are good at drafting, you will eventually get noticed. 

    As a lawyer, the art of using language is your main weapon. As they say, the pen is mightier than the sword. This is your bazooka! So, hone it as much as you can. 

    Importantly, young lawyers should be aware that there will be a lot of ups and downs early on in their careers. So, keep your chins up, always find time to unwind and have a good time. Meet friends often and shut off work once or twice a week. 

    What hobbies or passions do you pursue outside of your legal career, and how do they help you unwind and maintain a healthy work-life balance?

    I am a cricket fanatic. However, it is difficult to gather a group of friends all the time to play. So, squash is something I have been playing frequently. I also try and ensure that I put in at least 4-5 rigorous work out sessions in a week. Being physically fit goes a long way in reducing the mental stress at work. It also helps in keeping negativity at bay and getting the positive juices flowing.

    Apart from this, I like listening to music and watching shows and movies on OTT platforms. 

    Having a good work life balance is the most important. No point working hard and for that extra bonus, if at the end of the day, you do not feel mentally and physically at ease. 

    Work smart, play hard and try and get sufficient down time. 

    Get in touch with Siddharth Ratho-

  • “Having the right to file pleadings before the Hon’ble Supreme Court of India, an AOR is an integral connecting tissue between the aggrieved party, the arguing counsel and the highest court of the land”- Vikash Kumar Jha, Partner at Cyril Amarchand Mangaldas and Advocate-on-Record at the Supreme Court of India

    “Having the right to file pleadings before the Hon’ble Supreme Court of India, an AOR is an integral connecting tissue between the aggrieved party, the arguing counsel and the highest court of the land”- Vikash Kumar Jha, Partner at Cyril Amarchand Mangaldas and Advocate-on-Record at the Supreme Court of India

    This Interview has been published by Pragya Chandni and The SuperLawyer Team

    Can you share with us what inspired you to pursue a career in law, particularly in the field of dispute resolution and arbitration?

    Funnily enough, I would have to say that my entry into the law school and eventually into the legal profession was not all planned and happened by accident. I was initially a Zoology (Hons.) student at North Campus, Delhi University, where through the internet, peers, and friends, I found out about the various national law schools in India. I was instantly intrigued; decided to leave zoology behind; and apply to law schools. It was at NLIU Bhopal, that I realised the emancipatory potential of law; my inclination and ability towards analytical thinking and its capability of a positive impact on society and human civilization at large. Further, during the 5 years I spent at Bhopal as well as the various internships I completed during that period, I realised and accordingly decided that dispute resolution would be the practice area for me. 

    I started my journey as a lawyer in 2011, upon graduating from NLIU, Bhopal and joining the disputes practice of Amarchand & Mangaldas & Suresh A. Shroff & Co. (AMSS), at its Mumbai Office. I thereafter shifted my base to Delhi in 2016, and presently, I am a Partner at Cyril Amarchand Mangaldas, at its Delhi, NCR Office.

    Now, 13 years later, I am a qualified Advocate-on-Record and endeavouring to build and develop a practice in advising and representing both Indian and foreign clients in a diverse spectrum of areas under the disputes and arbitration umbrella.

    You have a specialization in various areas such as complex, civil and commercial disputes; contractual disputes; securities laws; white-collar crimes; and environmental matters. What drew you or motivated you to pursue such diverse practice areas within dispute resolution?

    The preference for a super specialised practice versus a more general one, of course, differs from practitioner to practitioner. However, for me, personally, having a more holistic and well-rounded practice and knowledge in the age of specialisation, is definitely an important arrow in my quiver. I would credit my early curiosity to learn and explore more than one area of a law, as well as the various opportunities which my firm has provided me – as equipping me to effectively advise and represent clients in a diverse variety of matters.

    As a gold-medalist graduate from NLIU, Bhopal, what pivotal moments during your education shaped your interest in dispute resolution and arbitration? 

    Numerous peers, professors and mentors and my experiences have shaped the interest I have and which I continue to learn on a daily basis in dispute resolution and arbitration. I would have to give due credit to my colleagues at my firm, college seniors, who were already placed in various law firms and who regularly advised me on various aspects of practice; my professors, who were instrumental in developing my keen interest in disputes; the various internships and clinical courses I completed which helped create a sound foundation of procedural and substantive law and of course, the people around, who constantly reinforced my desire and determination to use my legal knowledge to help people, create a more aware surrounding, and whatever I can contribute towards building a just world, the best I can. 

    Could you discuss some of the key matters you’ve worked on, such as advising and representing premier associations, international publications, and major infrastructure projects? How have these experiences influenced your approach to dispute resolution?

    During my time at Cyril Amarchand Mangaldas, I have been fortunate enough to work on a variety of high profile and very interesting matters. Whilst it may not be advisable to get into specifics, I have advised big conglomerates, reputed developers and builders, cricket bodies, tech companies etc. I have recently advised and represented a premier association of private sugar mills, on inter alia challenging the implementation of a state policy by way of writ proceedings instituted before the High Court of Allahabad. I have also advised and represented a highly reputed international magazine and multi-platform publication, in a civil defamation suit in Delhi; a major tea estate before the Madras High Court as well as the Supreme Court of India; a leading steel plant in various critical matters before the National Green Tribunal, Principal Bench; as well as the court appointed Administrator of a club/association before the Supreme Court, High Court, NCLAT and NCLT – amongst many other varied cases.

    These matters, like all my others, greatly influence my approach to dispute resolution. They reinforce what I believe is a prerequisite to any matter being effectively handled – first, very frankly evaluating the needs and requirements of my client in a solution-oriented approach, and then dynamically exploring the strengths and weaknesses of their case, i.e., whether they would benefit from alternate dispute resolution methods, if at all, etc. I have found that this enables me to best, realistically advise my clients and have their expectations managed from the get-go. In my view, it is very important to have a long-term vision and to have a solution based and practical approach.

    As an Advocate-on-Record, Supreme Court of India, what unique challenges and opportunities do you encounter while representing clients in the highest court of the country?

    I believe an AOR has to be cognisant of the immense responsibility that accompanies its title. Having the right to file pleadings before the Hon’ble Supreme Court of India, an AOR is an integral connecting tissue between the aggrieved party, the arguing counsel and the highest court of the land. Almost on a fortnightly basis, one hears of directives and observations passed by the SC that an AOR cannot merely be a signing authority and file meritless or frivolous petitions. Thus, being an AOR is a balancing act between the needs of the client and the responsibility towards the court, which must be exercised responsibly. It is in fact a privilege. 

    In your opinion, what are some of the critical skills and qualities necessary for a successful career in dispute resolution and arbitration, especially when handling complex cases involving multiple jurisdictions and legal nuances?

    Good question. In my opinion, the first critical quality that is necessary for a successful career as a dispute resolution practitioner is hard-work, hard-work, and hard-work! It is also imperative that no matter how many years of practice have gone by, as a lawyer, one must stay abreast of developments in the legal arena and open to new and challenging ideas. This will greatly facilitate one’s capability to strategize and effectively advise the client. It is also important that one is aware of the changing needs and aspirations of the people of India, the corporate world and the nation as a whole – it will only help in molding one into a lawyer for today and for tomorrow. It is of course also important to have basic ideas about other jurisdictions and build good and reliable contacts with lawyers and experts in varied jurisdictions. The ability to learn fast and on the go is also very critical.  

    Always remember that dedicated hard-work, perseverance, and good relationships will never steer you astray! 

    Lastly, what advice would you offer to recent law graduates aspiring to excel in the field of dispute resolution and arbitration, based on your years of experience and expertise?

    Borrowing, from what I have said above, broadly I would like to synthesise my advice to law students/recent graduates as follows:

    • Sustained hard work and regular reading are your most powerful allies, whether you are a fresh entrant into the practice or a seasoned veteran. It is important to carve out the time to stay updated, accordingly.
    • Stay in touch with your alumni; your mentors; and your peers and seniors at your internships – those who are already practising and take ‘on ground’ practical advice from them. 
    • Further, do not dismiss procedural aspects or courses to the peripheries of your studies. Knowing the ins and outs of CPC is just as important as Constitutional Law or Contracts Law, if not more. Having sound procedural knowledge is vital and will provide for an excellent base/first principles knowledge, when practicing. 

    Get in touch with Vikash Kumar Jha-

  • “Resolving disputes in derivative transactions presents unique challenges, often rooted in complex financial structures and regulatory nuances”- Smrithi Nair, Partner at Juris Corp

    “Resolving disputes in derivative transactions presents unique challenges, often rooted in complex financial structures and regulatory nuances”- Smrithi Nair, Partner at Juris Corp

    This Interview has been published by Pragya Chandni and and The SuperLawyer Team

    Can you share with us your journey and how you ended up practicing law, particularly in the areas of Capital Markets, Derivatives, Financial Services & Regulatory, and Payment and Settlement Systems?

    Certainly. Given my interest in commerce, business law and financing I pursued a bachelor’s degree in Commerce. My further interest in the field of law led me to pursue a degree of Bachelor of Commerce (BCom) in 2010. I started my professional career as an Article Clerk at Kanga & Co, gaining valuable experience from August 2011 to August 2013 under the guidance of Mr. Dhaval Vussonji and Ms. Prachi Dave. During this time, I honed my legal skills and developed a keen interest in the intricacies of financial law.

    You have a specialization in debt issuances and marked-linked debentures. How did you develop an interest in this area of law, and what are some of the notable projects or transactions you’ve worked on?

    My specialization in debt issuances and market-linked debentures evolved over the course of my career. As an Associate at VND & Associates (now Dhaval Vussonji & Associates) and later at Juris Corp, I actively engaged in advising clients on debt issuances, which sparked my interest in this niche area. 

    As someone who regularly advises the International Swaps and Derivatives Association (ISDA) and various clients in the financial industry, could you tell us about the unique challenges and opportunities that arise in the derivatives market?

    Advising ISDA and diverse clients in the financial industry has exposed me to the dynamic landscape of the derivatives market. The challenges often stem from the evolving regulatory framework and the need for precise documentation. ISDA being an industry body requires me as a lawyer to think one-step ahead to foresee the practical challenges that may crop up due to the ever changing legal & regulatory landscape of India and accordingly liaising with them, market participants and the respective regulators to ensure a smooth Indian derivatives market.

    ISDA has also been integral in getting my name on the international stage as a derivatives lawyer. I recently went to Singapore to deliver a masterclass on Derivatives and it was a learning experience. 

    Your involvement with the Fixed Income Money Market and Derivatives Association of India (FIMMDA) and the National Stock Exchange of India Limited (NSE) showcases a broad range of experiences. How has working with these organizations contributed to your expertise in the financial services sector?

    Working closely with FIMMDA and NSE has been instrumental in broadening my understanding of the financial services sector. These experiences have provided unique insights into listing compliances, platform establishment, and various facets of the financial markets. Collaborating with these organizations has been a cornerstone in developing a holistic approach to financial law.

    The Payment and Settlement Systems Practice is an integral part of your work. Could you shed some light on the role of legal professionals in this area and how it impacts the functioning of financial markets?

    In the Payment and Settlement Systems Practice, legal professionals play a crucial role in ensuring the smooth functioning of financial markets. Our responsibilities include navigating regulatory requirements, advising on compliance, and addressing legal challenges to maintain the integrity of payment and settlement systems. By doing so, we contribute to the stability and efficiency of the broader financial ecosystem.

    You’ve authored several articles and publications related to derivatives and sustainability-linked financial instruments. Can you discuss the importance of sustainability-linked derivatives in today’s financial landscape and their potential impact on green finance?

    Authoring articles on sustainability-linked derivatives reflects my commitment to exploring innovative and responsible financial practices. In today’s landscape, sustainability-linked derivatives play a pivotal role in promoting environmentally conscious investments. These instruments not only align with global sustainability goals but also present opportunities for businesses to contribute to green finance, fostering a more sustainable and responsible financial sector.

    Juris Corp is considered a premier law firm in the derivatives space, and you head the derivatives practice there. What sets Juris Corp apart, and how do you ensure the highest level of service for your clients?

    Juris Corp stands out in the derivatives space due to its unwavering commitment to excellence and deep industry knowledge. Our team’s collective expertise, coupled with a client-centric approach, allows us to provide tailored solutions. We prioritize staying abreast of industry developments, ensuring that our clients receive the highest level of service backed by cutting-edge legal insights.

    Dispute resolution is another aspect of your work, particularly concerning potential disputes arising from derivative transactions. What are some of the common challenges you face in resolving such disputes, and how do you approach these complex situations?

    Resolving disputes in derivative transactions presents unique challenges, often rooted in complex financial structures and regulatory nuances. We approach these situations with a meticulous strategy, combining legal acumen with a deep understanding of the financial markets. Our goal is to achieve amicable resolutions while safeguarding our clients’ interests and maintaining the integrity of the financial agreements involved.

    Throughout your career, you have conducted presentations and seminars on regulatory changes in the Indian derivatives market. Could you share some key insights from these sessions and how these changes affect derivative products?

    Conducting presentations on regulatory changes in the Indian derivatives market has been an enriching experience. Key insights revolve around the need for adaptability in response to evolving regulations. Understanding these changes is vital for crafting effective legal strategies, ensuring compliance, and mitigating risks. Derivative products must align with the regulatory landscape to maintain their relevance and integrity in the market.

    As a successful partner and expert in your field, what advice would you give to fresh law graduates or aspiring lawyers looking to pursue a career in the areas of Capital Markets, Derivatives, Financial Services & Regulatory, and Payment and Settlement Systems? What key skills and experiences do you think they should focus on developing?

    For fresh law graduates aspiring to excel in Capital Markets, Derivatives, Financial Services & Regulatory, and Payment and Settlement Systems, I recommend focusing on a few key aspects. Firstly, build a strong foundation in financial law through continuous learning and staying updated on industry developments. Develop excellent analytical and problem-solving skills, as these areas often involve intricate legal and financial complexities, this will come with reading case laws. Networking and building relationships within the industry are also crucial, as they open doors to valuable opportunities and insights. Finally, cultivate effective communication skills, as conveying complex legal concepts to clients and colleagues is integral to success in these specialized fields.

    Get in touch with Smrithi nair-

  • “Staying abreast of international regulatory changes and having a global network aids in effectively navigating challenges and providing comprehensive solutions”- Apurva Kanvinde, Partner at Juris Corp

    “Staying abreast of international regulatory changes and having a global network aids in effectively navigating challenges and providing comprehensive solutions”- Apurva Kanvinde, Partner at Juris Corp

    This Interview has been published by Pragya Chandni and and The SuperLawyer Team

    Can you tell us about your journey and how you ended up pursuing a career in law, specifically focusing on securities law and debt capital markets?

    Certainly! My journey in the legal field began at Government Law College, Mumbai, where I cultivated a passion for corporate law and legal intricacies. Early on, I worked as a Senior Executive-Legal at SBICAP Trustee Company Ltd, gaining valuable experience. This laid the foundation for my transition to Juris Corp, where I’ve spent over eleven  years honing my skills. My interest in securities law and debt capital markets grew organically as I navigated through various roles, ultimately leading me to head the Securities and Capital Markets Team at Juris Corp.

    Debt capital markets can be quite complex and dynamic. What initially drew you to this particular area of law, and what aspects of it do you find most fascinating?

    The complexity and dynamism of debt capital markets always intrigued me. I was drawn to the challenge of understanding intricate financial structures and regulations. What fascinates me most is the strategic interplay between legal frameworks and financial transactions. It’s a realm where law and finance converge, and I find the synergy between the two truly captivating.

    You’ve played a pivotal role in advising and strategizing on various complex debt capital markets transactions. Could you share an example of a particularly challenging transaction and the key insights you gained from that experience?

    One notable transaction that comes to mind is the issue of global medium term notes by Reliance Industries Limited which was guaranteed by Export Import Bank of India. It was the first transaction guaranteed by Exim Bank. The transaction involved navigating intricate regulatory hurdles and devising innovative structures to meet client objectives and coordinating with various onshore and offshore parties. The challenge was in ensuring compliance while optimizing the financial outcome. This experience reinforced the importance of adaptability and creative problem-solving in the ever-evolving landscape of debt capital markets.

    Your expertise includes representing various foreign portfolio investors, financial institutions, and alternative investment funds. How do you navigate the unique challenges that arise when dealing with international clients and regulatory frameworks?

    Dealing with international clients demands a nuanced understanding of diverse regulatory landscapes. Communication is key. I ensure transparent and open lines of communication, fostering a collaborative approach. Staying abreast of international regulatory changes and having a global network aids in effectively navigating challenges and providing comprehensive solutions.

    You’ve been recognized in various publications and directories as a leading lawyer in debt capital markets. What strategies have you employed to consistently deliver high-quality service to your clients and earn such accolades?
    Consistency in delivering high-quality service involves staying attuned to clients’ needs and industry trends. I prioritize ongoing education to stay ahead of the curve. Building strong client relationships based on trust and transparency has been pivotal. Recognition stems from a client-centric approach and a commitment to delivering value in every transaction.

    The financial and legal landscape is ever-evolving. How do you stay updated with the latest developments and trends in the debt capital markets to ensure your clients receive the best advice possible?

    Staying informed is non-negotiable in our field. I dedicate time to continuous learning through seminars, industry publications, and networking events. Collaborating with colleagues and experts helps exchange insights. Being proactive in monitoring regulatory updates ensures that my advice is not only sound but also aligned with the latest market dynamics.

    In your articles and publications, you’ve covered a wide range of topics related to securities and capital markets. How do you approach breaking down complex legal concepts into easily understandable insights for your readers?

    Simplifying complex concepts is an art. I aim to bridge the gap between legal jargon and accessibility. Analogies, real-world examples, and a step-by-step breakdown are my go-to methods. The goal is to empower readers with a clear understanding, fostering a broader appreciation for the intricacies of securities and capital markets.

    India’s legal and financial environment can present unique challenges. Could you share a specific instance where you had to devise a creative solution to navigate regulatory complexities and achieve your client’s objectives?

    Certainly, there was a case where regulatory hurdles threatened the feasibility of a transaction. is a complex trade involving asset reconstruction companies issuing non principal protection where the returns are linked to security receipts. I proposed a novel structure that adhered to the spirit of the law, we successfully navigated the complexities, achieving the client’s objectives. This reinforced the importance of innovation in problem-solving within the Indian legal landscape.

    You’ve been highly appreciated by your clients for your dedication and determination. How do you maintain a balance between your professional commitments and personal life?

    Maintaining balance is crucial. I prioritize tasks, set realistic expectations, and delegate effectively. Quality, not quantity, is key. Regular breaks and personal time are non-negotiable. It’s about discipline, efficiency and effectiveness in both professional and personal spheres, ensuring that dedication is balanced with a healthy lifestyle.

    As a successful lawyer with substantial experience, what advice would you give to fresh graduates who are considering a career in law, particularly in the field of debt capital markets?

    For fresh graduates entering the legal arena, my advice is to cultivate a deep curiosity for the subject matter. Embrace challenges as learning opportunities, and don’t shy away from interdisciplinary knowledge, especially in finance. Building a strong network, staying adaptable, and continually educating yourself will set a solid foundation. Remember, success in debt capital markets requires a blend of legal acumen and financial understanding.

    Get in touch with Apurva Kanvinde-

  • “Young lawyers should avoid being a generalist and look for specialization. Law is a profession and should be treated as a career which spans 30-40 years.” – Anil Choudhary, Partner at Finsec Law Advisors.

    “Young lawyers should avoid being a generalist and look for specialization. Law is a profession and should be treated as a career which spans 30-40 years.” – Anil Choudhary, Partner at Finsec Law Advisors.

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

    Your journey includes an LL.M. from Harvard Law School and a B.A. LL.B. (Hons.) from NALSAR. How did your time at these prestigious institutions shape your approach to law, and do you have any memorable experiences you’d like to share from your time at Harvard?

    It was a privilege to be part of the two leading law institutions both in India and the world. As a law student, I was exposed to the best professors and brightest of legal minds which helped me develop my curiosity in law. I understood very early that law as a subject is ever evolving and there are no right answers in law. It is all about thinking in pairs where you need to think both sides of an argument and not rush to conclusions. 

    HLS for me was an exposure to the international world as we had students from more than 50 countries in the LLM batch. I made friends from various countries and understood their culture and thought processes. HLS not only made me a better lawyer but more than that it gave me tools to understand the world and its people better. 

    As a member of the New York Bar, you bring an international perspective to your practice. How has being admitted to practice law in New York influenced your career, and what unique insights do you gain from practicing in both India and the U.S.?

    I can confidently say that NY Bar was the toughest examination I gave in my life and for which I worked the hardest. As a lawyer trained in India, it is more difficult to crack the NY Bar since you would need to unlearn Indian laws and focus on both federal and NY state laws which at times would have conflicting positions. 

    Although I don’t actively practice US laws, having been exposed to securities law jurisprudence of the US- it helps tremendously in my practice in India. Most of Indian securities laws have been made on the similar lines as US laws and while Indian laws are still at a developing stage- US laws have an established history and jurisprudence. I often refer to US laws to draw parallels while assisting securities market players in both advisory and disputes practice.

    Congratulations on co-authoring the book ‘Securities Regulation – Primary Market Offerings in India.’ What inspired you to delve into this subject, and how has the book been received in the legal community?

    In my first few years of practice, I was a capital markets lawyer and had worked on several IPOs. I quickly realized that most of the laws surrounding this practice have been influenced by US laws and the knowledge of US securities laws is essential to excel in the field of securities laws. This motivated me to do my LLM at Harvard and once I returned I was itching to put down on paper a comprehensive legal book on doing IPOs in India. There was no existing literature and for me it was an opportunity to understand the Indian laws contextualizing it to the prevailing US laws. The book was more of a learning experience for me to better understand the policy rationales and choices India has made to regulate the Indian securities market as compared to other developed jurisdictions.

    I have heard that few law schools and MBA colleges use the book as part of curriculum and most law firms also have a copy of the book. I believe it was well received but it would now need an update and reprint for which I am trying to motivate myself.

    Finsec Law Advisors has likely seen various achievements during your tenure as a Partner. Can you highlight a moment or accomplishment that you are particularly proud of, either for yourself or for the firm?

    FLA is one of the very few firms in the country that is a specialist firm in the field of securities laws and financial regulatory space. We have been consistently ranked as the Top Tier in all Indian and global rankings of laws firms specializing in Indian securities laws.

    The Firm over a decade has been the forerunner in thought leadership and policy development of securities laws. We are active in advisory, disputes and policy work in the financial sector laws. Over the years, we have not only advised top marquee clients like top blue chip listed companies, largest mutual funds, stock exchanges, FPIs, AIFs etc. but have been actively assisting the growth of the fintech industry with clients like Zerodha, Smallcase, Navi etc. We are proud to develop a niche practice area focussed on expert and quality services to our clients and forerunner in thought leadership and policy development.

    You’ve been actively involved in academia, giving guest lectures and teaching a credit course on Securities Regulation at NALSAR University of Law. How does your involvement in academia complement your legal practice, and what insights do you gain from interacting with students?

    We as a firm work on a very focussed area of practice and therefore for us it is not only important that talents joining the firm not only have proven academic excellence but also have a keen interest in securities laws. For us law school courses and other academic endeavours help us develop students’ curiosity in the subject and also assist us to go back to basics to explain laws in first principles. Our practice requires specialized skill sets and continuous learning, teaching stints and guest lectures also lead you to re-read the laws and overall help me in my professional growth.

    With over 17 years of experience, you’ve seen the legal landscape evolve. What changes in the legal industry do you find most intriguing or challenging today?

    I think there are two major shifts in the legal industry space- one is technology and the other is specialized skill sets. With the development of technology, starting a legal practice is just one degree and a computer away. Technology has ensured the barriers between clients and experts have been diminished and all services can be provided without requiring any physical meeting or sharing of documents. Now, with AI etc the legal industry would evolve further where the first level of research or first draft of an opinion or suit can be drafted by AI. The human skills would be to review and verify the technology output.

    Since technology would replace general research and drafting skills, top money would be paid by clients only for specialist lawyers. This shows the shift in trends in the legal industry wherein specialist law firms having the technical expertise and experience in narrow practice focus would only survive in the next decade or two. 

    Your expertise extends to regulatory proceedings, including cases of insider trading and securities fraud. Can you share an interesting aspect of this work that people might not be aware of?

    As a securities lawyer, we need to not only understand the regulatory framework but also understand workings of the securities market like trading, settlement, F&O and roles of intermediaries involved such as brokers, clearing members, stock exchanges, custodians etc. It is essential that we understand the securities market eco-system as we regularly need to analyse trading patterns, fund flows etc towards advising our clients. For effective advice, both legal and factual matrix need to be analysed carefully towards providing optimum solutions for the client.

    Also, we assist our clients in development of new products especially in fintech space and policy development wherein we assist in creating a regulatory framework for new services, platforms in the financial industry. We often work on complex technical issues in the space of payment systems, exchange control and other SEBI and RBI regulations that require us to be up to speed with the latest developments both in the field of law and technology.

    Another interesting part of my practice is that I not only get to advise clients on various financial regulations but also I regularly appear before SEBI and SAT to argue matters. Working on policy, compliance and regulatory proceedings/dispute at the same time gives us an edge on the regulator’s mind. We understand why the laws are framed, how the laws should be implemented and lastly, how it is enforced which help us to defend/advise our clients better.
    Thinking about the future generation of lawyers, what advice or insight would you offer to those aspiring to follow in your footsteps and make an impact in the legal field?

    I think young lawyers should follow their heart and choose a field that interests them the most. Only if you enjoy your work can you excel. Young lawyers should avoid being a generalist and look for specialization. Being an expert in one field of law would help them be less reliant on jobs in big law firms and help them set up their independent practice or law firm in the future. Law is a profession and should be treated as a career which spans 30-40 years and one should not look out for short term goals and treat it as a job without any long term goals. Lastly, I would advise young lawyers to be more patient and showcase more perseverance in their chosen field- in law nothing is more rewarding than experience and dedication which leads to self confidence of the lawyer which translates confidence of clients to the lawyer.

    Get in touch with Anil Choudhary-