Foresight

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The Christmas Edition | November - December 2021 Edition

Your bi-monthly snapshot

Counselect is India’s first dedicated legal secondment and flexi-work venture.

Stance

Counselect is flexible, rewarding and offers you a great learning experience.

My time there was one of the highlights of my career. It gave me a platform to shine and a stage to perform. I'm grateful to Counselect for trusting me with some of their biggest clients.



Abraham Matthew - Legal Counsel (Former Counselect Professional)

Future-first Snippets

There has been a significant increase in legal spending this past year with more work shifting in-house & continued growth in the sizes of legal teams.

 

Biotech, pharmaceuticals, & life sciences industry had the highest average legal department spend in 2021. Technology companies occupied this position in 2020. When looking at legal spend as a percentage of company revenue on average, the Financial Services industry had the highest spends, followed by Biotech and Pharma, Technology, and Entertainment/Media.

To know more of these insights, click here to read the 2021 CLOC State of the Industry Survey Report produced in collaboration with the Association of Corporate Counsel. The survey covers responses from 200 organizations (including 48 Fortune 500 companies), across 22+ industries & 21 countries.

I think this time has put up a huge premium on trust. We have really benefited from this in terms of high performance while working fully remotely. We've seen other teams that have low trust levels and a culture of constant oversight, really struggle in this period. Productivity in this remote working age is directly correlated to trust.

- Ritvik Lukose, Co-Founder & Director, Counselect and Co-Founder & CEO, Vahura

Ritvik Lukose was quoted at pg. 58, Randstad's Future of Work in India Report 2021. Click here to download the Report & gather more insights on what leading industry leaders have to say on readiness for a workplace of the future - inclusive, flexible, and virtual.

Business Impact

Our client, a leading multinational corporation, needed to expand their team to assist their Senior Counsel in India but didn’t possess the headcount approval. Counselect understood the need-gap, identified, and seconded two legal professionals to the client effective from January 2022.

 

Impact: Without increasing their headcount, the organization’s legal team in India was bolstered for the challenges of a global corporation. The Secondees would provide legal counsel for the client’s affiliates on projects & operations in India while also supporting legal operations overseas.

 

Showcase

LLM from George Washington University Law School, US and Undergrad from Bangalore | 7+PQE with Tier-1 law firms | Practice areas: Mergers & Acquisitions, Corporate Advisory

LLB | 8+PQE with domestic & global experience including at a Dubai-based law firm | Practice areas: Contract Management, Dispute Resolution General Corporate & Transactional Advisory, Labour & Compliance

Milestones

Counselect & Winmark Corporation, a NASDAQ-listed American franchisor of retail businesses, launched the Mumbai Chapter of the Chief Legal Officer (CLO) network, a C-Suite circle of General Counsel across the world. Avinash Sah, Vice President and Head - Secondment & Operations, Counselect said: "We are proud to partner with Winmark to launch the India chapter of the CLO Network - a unique space for peer sharing and learning across jurisdictions."

The Counselect Team attracts top talent & distinct perspectives from two new joiners. Prapti Mishra, an alumnus of Symbiosis Law School, Pune, brings with her a blended experience of working with a boutique law firm and independently handling corporate matters. Janki Shah is a lawyer with consulting experience in Financial Services and Risk & Quality Management with Big-4s including PwC and EY, and Relationship Management at ICICI Prudential.

Our Eclectic Adventures!

Vahura’s #OnceALawyer has kicked off its Season 2 featuring mavericks who shaped their own realities - the founders of Qshala & Dumela Sports. #OnceALawyer is a series of YouTube episodes capturing professionals who have once either studied or practiced law before choosing to make a mark in other fields.

 

Ritvik Lukose mentored a startup in the Citizen Innovation Lab (CIL) a collaborative initiative by CIIE.CO (at IIM-A) and Omidyar Network (ONI), to support entrepreneurs & innovators to build impactful & scalable entrepreneurial solutions in the areas of CivicTech, PropRightsTech, and LegalTech.

 

Aneesh Patnaik, Vice President, Vahura Talent Management, emceed the 6th Annual International Leadership Conference by TalentNomics India and Konrad-Adenauer-Stiftung (KAS) Japan. Held on 9th & 10th December, the speakers explored the theme: “How do we build a new universe that is more equitable - an Equiverse?”

 

The Economic Times, November 12, 2021, quoted Aneesh Patnaik, VP of litigation and practice acquisition advisory, Vahura on the news of Anand & Anand’s alliance with Naik & Naik in Mumbai to create 'Anand and Naik.' Aneesh opined, “Both are strong practices in their respective jurisdictions & client segments, due to which the alliance has great potential.”

 

With a host of submissions & client-based rankings in place, the Fourth Edition of Vahura Best Law Firms To Work Survey - 2021 will be out soon!

#OnceALawyer

EQUI

UNIVERSE

You may directly share your thoughts

and queries with our co-founder Ritvik on

ritvik@counselect.com