2016 Asia PacificLegal Guide

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Thiru & Thiru is a full service mid-size law firm with nine partners and 50 plus associates. We got in touch with Thiruvengadam B.C, Senior Partner at Thiru & Thiru, to find out more about their firm and got his insight into the Indian legal landscape.

We are one of South India’s largest law firms, with a principal office in Bangalore and branch offices in Chennai, Hyderabad and New Delhi. Moreover, we have exclusive affiliate relationships with law firms and lawyers in areas such as Mumbai, Pune, Ahmedabad, Surat, Chandigarh, Allahabad, Kolkatta, Bhubaneswar, Coimbatore and Kochi. In terms of the services we provide, our main areas of practice are in banking, project finance, corporate restructuring and bankruptcy, to name a few.

Our firm has grown alongside Bangalore, and the city was not a big city 35 years ago. It has now become the educational capital of India, with the biggest number of engineering, medical and law schools in the country. During the pre-liberalisation era, the availability of technocrats and its salubrious climate saw the establishment of major public sector undertakings. For example, the Indian Space Research Organisation has its headquarters in Bangalore and our firm has been very closely associated with it since the early eighties. This created a strong technology law practice and helped the firm to be a major player in the intellectual property and technology law areas.

During the mid-eighties, the firm helped in setting up India’s first Venture Capital Fund - TDICI. It was also associated with several venture capital funds and banking and non-banking finance companies. In this environment, hand holding start-ups during the nineties was a niche area in the information technology industry. Furthermore, as the city grew and expanded, the firm advised on several major real estate transactions. Post-liberalisation, the firm has been advising several PE and VC funds, and the firm is very well known in its litigation practice, especially in the fields of corporate litigation and banking.

Flashing forward to today, the legal industry in India is flooded. Thousands of lawyers pass out of law schools each year and many of them start their own firms or individual practices, sadly without much experience and at low cost. This is where the more established professionals stand out, and the lesser experienced learn some pretty harsh lessons. At Thiru & Thiru, we have a unique blend of rich experience and energetic youth.

Looking beyond India, the overall industrial growth in Asia-Pacific is stunted and this has made an impact on the legal industry too. While litigation is on the rise, transactions have fallen sharply. Moreover, non-litigation practice in our opinion may not be as encouraging as it was in the past. When looking at particular sectors, infrastructure is a very promising area which India is pressing to grow in, and non-conventional energy has gained momentum. Generally speaking, any industry that grows in direct proportion with the population is a sure winner here. Healthcare, agriculture, essential consumer durables, food, two wheelers and education are areas that will see a good growth.

In terms of our culture, honesty and sincerity to the client are our mantras. It is our duty to keep the client well informed; disclose the positives as well as the negative issues while counselling and ensure that clients are not forced to take a decision, instead guide the client to logical analysis of the issues involved. The advice should be sound and well-reasoned, and we give utmost importance to confidentiality and ethical values.

At our firm, every client is important to us and every work done by an associate is always reviewed in detail by a partner. Partners are easily accessible, and clients’ calls and queries are promptly answered within 14 working hours. We have a policy not to say “no” to our clients, and try our best to find an answer or at least provide alternatives.

When it comes to hiring new staff, we hire lawyers who are knowledgeable, willing to learn, and having an appropriate team spirit attitude. We have been lucky with the staff we have taken on, and we provide a great opportunity to learn from the combined experience of our partners which is about 266 years who imbibe the values to our young associates.

Moreover, the firm is a knowledge centre, and we strongly encourage learning. In this environment, the seniors mentor the juniors, and we believe that any up to date knowledge helps the client ultimately. Additionally, the firm takes pride in having promoted India’s first finishing school for lawyers “The Marquis Diamond Finishing School”. This helps the members of the firm to keep themselves abreast with the changes in the industrial, technological, socio- economic arenas. With all of these attributes in mind, we are confident that our company will continue to grow in the future. Furthermore, Indian industries are gradually becoming multinational, and our clients have been constantly requesting us to open offices abroad. Very soon we will be opening our office in Dubai, and will bring many more exciting opportunities to our company.

Company: Thiru &Thiru
Name: Mr. THIRUVENGADAM B C
Email: [email protected]
Web Address: www.thiruandthiru.com
Address: #31, Nandidurg Raod, Thiru &
Thiru Chambers,
Jayamahal, Bangalore 560046, India.
Telephone: 91 2343 03024 /05 /06

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