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Regulation

NCLT benches are making smaller cities lucrative for corporate law firms

In the past few years, NCLT benches in non-metros have heard some big-ticket litigations. More tribunal benches have been set up in cities such as Jaipur, Amravati, Indore, and Kochi over the last year. This has opened opportunities for law firms, with many capitalising by either setting offices in tier II and III cities or eyeing to start one.
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Maulik
24 Jan 2020 5 Mins Read 0 comment
Concept by Kankana Choudhury Getty Images
Concept by Kankana Choudhury
Saswat Acharya, a 33-year-old lawyer from Cuttack, has witnessed a sea change in the way the law is being practised in the historic city located on the bank of river Mahanadi. For decades, the city has evolved around industries and businesses related to mining and metals, and similarly local lawyers have developed their practices in areas of taxation,
large and full-services law firms have set up their operation there in the past five years,” says a managing partner of Mumbai-based full-service law firm. “However, places like Cuttack, Kochi, and Guwahati will need more than just NCLT, a serious business history, for big law firms to bet on them,” he adds. ( Graphics by Sadhana Saxena)
Saswat Acharya, a 33-year-old lawyer from Cuttack, has witnessed a sea change in the way the law is being practised in the historic city located on the bank of river Mahanadi. For decades, the city has evolved around industries and businesses related to mining and metals, and similarly local lawyers have developed their practices in areas of taxation, large and full-services law firms have set up their operation there in the past five years,” says a managing partner of Mumbai-based full-service law firm. “However, places like Cuttack, Kochi, and Guwahati will need more than just NCLT, a serious business history, for big law firms to bet on them,” he adds. ( Graphics by Sadhana Saxena)

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