Insolvency law in itself is not lucrative. RPs no longer pay much fees to law firms. Applicants mostly draft plans in-house or are no longer willing to spend a bomb over resolution plan fees. Firms also end up offering dirt cheap quotes.
Insolvency & Bankruptcy has huge scope, considering the exponentially multiplying corporatization In India. As good as it seems, the job of an insolvency professional demands meticulous work. One wrong turn, and you have your suspension order from IBBI. Thus, needs to be cautious as well. Nevertheless, there are now Process Advisories, which can be engaged, at a nominal rate, who will take care of running the desk job of the process. IP, thus becomes, more of managerial job. One needs to be well-versed with Finance and Management knowledge to become a successful IP.
Insolvency & Bankruptcy has huge scope, considering the exponentially multiplying corporatization In India. As good as it seems, the job of an insolvency professional demands meticulous work. One wrong turn, and you have your suspension order from IBBI. Thus, needs to be cautious as well. Nevertheless, there are now Process Advisories, which can be engaged, at a nominal rate, who will take care of running the desk job of the process. IP, thus becomes, more of managerial job. One needs to be well-versed with Finance and Management knowledge to become a successful IP.