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1. Intense product and market specific knowledge
2. Economics
3. Facts intensive - might also require forensics assistance to review 9999 emails
4. Always evolving
5. Logic over judicial precedent - this requires high level critical thinking
6. Two fields: enforcement and merger control - both have different jurisprudence
7. Merger filing requires knowledge of company law, FDI rules, etc
8. Enforcement requires knowledge of civil law procedure and crpc procedure
9. Sectoral laws: depending on your case, you’ll also have to study laws governing sectors i.e., SEBI laws, TRAI laws, RBI laws, etc
10. Number crunching and data intensive - requires review of industry to decide which metric should be used amongst production capacity, production, consumption, volume or value, etc.
Competition law as I always say is niche and vast.
Apart from that, Tax is dynamic and has a bigger learning curve.
M&A as well as PE/VC is great fun at senior levels (PA and above)...or maybe it just feels better after doing your share of DDs.
2. Would love to hear the opinions of practitioners, too.