For many industries, the pandemic was like a death sentence. Everything closed and changed, and many companies could not adapt to the new normal. Many businesses failed to survive while the most agile companies benefited from the changes and thrived. Many experts expected investments and M&A to slow down post-pandemic and given that a recession …
Why do I need to attend a bootcamp on contract drafting? I already learned it in law school I can read textbooks on contract drafting I can look up contract drafting templates online and use them Are you thinking these thoughts? Having gone through my earlier emails on this topic, are you still wondering why …
Do you know how big the international legal services industry is? According to a report by Research and Markets, the market is expected to grow from USD 713.12 billion in 2021 to USD 998.73 billion in 2026, at a rate of 6.97 percent. The US alone contributes 56 percent of this volume, with a total …
You must have studied contract law in law school. What did they teach you? The Indian Contract Act 1872? Associated statutory laws and case law related to principles of contract? Under the Indian Contract Act, you must have learned about the general principles of a contract, its enforceability in a court of law and the …
Are you following the Go First airline case currently receiving plenty of airtime in the media? On May 2, 2023, the Wadia group airline filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT) and suspended all its flights. As I write this, Go First’s legal counsel has informed a …
I’ve been talking about insolvency and bankruptcy as lucrative practice areas, but how much can an insolvency professional (IP) in India make, exactly? The minimum fee payable to an IP starts from INR 1 lakh per month as per the Insolvency and Bankruptcy Board of India’s (IBBI) (Insolvency Professionals) Regulations, 2016. Note that this is …
Today, I want to tell you the story of how contract drafting helped me and Ramanuj Mukherjee (CEO, LawSikho) build our startup from scratch. When I quit my law firm job to focus on the iPleaders blog, our income for the next few months was uncertain. However, Ramanuj and I had to meet our costs. …
As a lawyer, CA, cost accountant, CS, banker or experienced management professional looking for the next big market opportunity, have you considered the area of insolvency resolution? More specifically, have you considered an unbeatable, recession-proof career as an insolvency professional (IP)? India currently has nearly 2 million practicing lawyers, more than 350,000 CA, more than …
It is maybe once in a generation that an entirely new profession is created. Insolvency professionals make up just such an exclusive profession. There are not enough of them in India, they are making a killing and the health of the banking and finance system is in their hands. Given the massive shortage of IPs, …
Stagnation Professional growth slowing down over the years Competition from new entrants Inability to prepare for newer and more promising opportunities Inability to build a personal brand Difficulty in finding new clients who are willing to pay well How many of these boxes do you tick? One? Two? Three? All? Slow career growth is a …
