Lawsikho Blog

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…

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…

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,…

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…

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…

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…

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?…

How many young lawyers do you know who have handled or are handling big cases?  The reality is that almost no client trusts a fresh graduate or new lawyer with a big case. You require years of experience to build credibility. How? By working under senior advocates and in law…

Today, I will tell you why I am a big advocate of freelancing and economic independence. I am from a very humble background. In 1991, at the peak of the recession, my parents were living in a 150 sq ft one-room government flat with two toddlers. I was three, my…

Many of you have written in to ask what are the skills that Indian CA, CMA and CS professionals need to develop in order to get work from US clients remotely. Actually the work is not so different. What you have to do in India and the US  can be…