The 10 Rising Law Firm Startups To Watch In 2019

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“Cumulation of jobs small and big done well, aggregates into goodwill and that’s what we are busy working towards” presently devoid of competition from foreign law firms. Growth on one side and lack of institutionalization on the other, sometimes creates an unhealthy tension for the evolution of the legal profession and developing a centre of excellence within the country. This also sometimes results in a lack of consolidation and over fragmentation in the market, which is not necessarily good for the legal industry at large. Upholding Culture, Achieving Distinction Veritas Legal has established a Pro Bono Program to ensure access to justice, promote the rule of law, provide legal services to those unable to afford a lawyer, and to assist clients to achieve their Corporate Social Responsibility objectives. The Pro bono service has been an integral part of the firm’s culture and is the backbone of the value system, which is clearly demonstrated from the firm’s and its lawyers’ involvement in several cases, one of which includes, being appointed as an Amicus Curie by the Bombay High Court in a Public Interest Litigation to assist the Division Bench of the High Court in regard to the issue regarding the right of inmates to practice their own religion during the tenure of their sentences in prisons all over India. The firm has recently announced a 40% average increase of fixed remuneration across all associate levels for the Financial Year 2019-20(Source: IBLJ). This is a substantial increase and puts a 4-year old Firm significantly in line with the Tier-I law Firms in India as far as remuneration is concerned. The firm expects to attract even better talent with the above announcement and has also embarked on structured internship programs with various law schools. “Culture continues to be the cornerstone of our philosophy, but the remuneration in line with the top tier of the industry is essential for any platform, which intends to deliver high quality services to clients. It has taken us a little time given that we are only 4 years old, but this move has been on our mind for a while,” Abhijit expresses. Exhibiting Prominence Ÿ RSG India Top 40 Law Firm 2017 Clients praised Veritas Legal for a number of reasons, namely, lawyers’ ’exceptional knowledge of all legal issues’ and ability to provide a ’personalised service’. Some clients commented on attitudes and culture at the firm, highlighting trust in its lawyers, their integrity and willingness to help. Clients also noted the efficiency with which the firm delivered legal services and praised its ‘phenomenal work’' Ÿ Asialaw Profiles 2019 “The firm consists of a young team of professionals who are extremely dedicated to their clients and have in depth knowledge of the law as well as the facts. The firm is able to understand the client’s requirements, give practical advice and adapt to the situation at hand. Extremely nimble and always on hand, thereby instilling a great level of confidence in the client.” – Corporate and M&A, Dispute resolution, Regulatory Ÿ Benchmark Litigation Asia-Pacific 2018 “Veritas Legal provides strategic advice and has business acumen. Further, it is able to deliver within stringent timelines with high quality advice and drafting. It also has strong negotiation skills. The firm is very responsive, has strong bench strength and well-seasoned professionals. Access to partner time and attention on matters strengthens clients’ confidence in working with the firm.” – Commercial and transactions Ÿ Chambers and Partners 2019 Commentators highlight the team as “an emerging firm in the M&A space.”
Photo Courtesy - Mr. Kunal Bhende (Partner & Creative Director at Nomsans Creative) Bequeathing Success, Beholding the Future In his advice to the budding entrepreneurs and startups, Abhijit says, “the first lesson for any entrepreneur, in my view, would be for them to know their own business. Often there is haste or allure to many success stories without much concentration on the substance. The second aspect is that every entrepreneur should look into is scalability of their business. Great ideas are worth little if they cannot be implemented and even if implemented, are not scaled to its potential. Therefore, sustained implementation plays a huge role in the success of any organization.” Commenting upon the future prospects of Veritas Legal, Abhijit says, “We see India poised to grow and along with it, the legal industry will also grow exponentially.” The firm plans to grow deeper into specialization and has added senior resources in Bankruptcy and Real Estate practice. “We will grow, but in a calibrated fashion, deeper as opposed to wider whilst continuing to remain true to our values. The rest will follow,” he concludes. “Pro Bono service has been an integral part of the Firm’s culture and is the backbone of the value system”
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