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Ex-AZB’s Vineetha MG completes first deal in her new Mumbai start-up V Chambers

Vineetha MG:
Vineetha MG:
Vineetha MG, who left AZB & Partners late last year to start up her own Mumbai firm, which now numbers seven lawyers, has completed her first financing deal.

The former AZB partner of six years, whose resignation was first reported by Legally India in October 2012, had started her firm called V Chambers of Law in November 2012 but said that she wanted to initially “keep a low profile”.

“It’s been good so far - it’s been actually very good,” she told Legally India today. “I used to always worry how people look at a start-up but it’s been really good.”

She added that the firm had just completed its first deal – a wind power project financing – though she was unable to disclose the name of the client as it had not yet fully closed.

The firm’s 1,100-square-foot office was based near South Mumbai’s Chhatrapati Shivaji Terminus (CST) station (also known as Victoria Terminus).

While the 1998 NLSIU Bangalore graduate said that she would not move to any other cities to set up new offices, she noted that national expansion would be on the cards in future. “[National] law school guys are there almost in all states – that’s something I’ll always look at,” she mused.

She also confirmed rumours that she had been in talks to join former AZB colleague Vishnu Jerome’s new firm, whose three-partner start-up Alliance Legal broke up in September 2011. However, she added that she had ultimately decided to go on her own.

Legal website Bar & Bench first reported the name of MG’s new firm today.

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