Former Nishith Desai Associates (NDA) consultant and 2011 GLC Mumbai graduate Prateek Bagaria has started up law firm Singularity Legal.
“Since the beginning of law school, I wanted to make a career in international law. I was fortunate to meet Mr Nishith Desai, as for the six years I worked with him I only handled cross-border deals and disputes. However, the focus there was still on India, like most law firms in here,” explained Bagaria.
“The idea behind Singularity Legal is to break these shackles of India. Singularity Legal is an international law firm advising Asian clients in cross-border disputes and deals, across the globe. Since there was no such player existing in the market, I thought there was space to set-up a professionally managed international law firm in India.”
Bagaria had begun his career at NDA in 2011 after graduating from GLC. In September 2016, he became a consultant at NDA on a tax arbitration project in Vienna, also completing his LLM in international disputes settlement at Graduate Institute of International and Development Studies in Geneva.
He set up Singularity in August, after avid networking for a year (having spent only a month in Mumbai) in order to build a client base. The firm’s clients currently included Singapore companies Mercator International Pte Limited, Oorja Holdings Pte Limited, and Israel’s Xertive Media Limited and NovelSat.
NDA managing partner Nishith Desai commented: “He is trying some thing new and has all my blessings to succeed. NDA is a family and all our alumni are a part of our extended family.”
Singularity currently consists of Bagaria, as well as one counsel and one trainee in Mumbai, he said. “In the next five years, I see a Singularity office in Singapore, Istanbul, Tel Aviv, Delhi and Bangalore. In the next ten years, I see a Singularity office in most major cities in Asia,” Bagaria predicted. “Singularity Legal does not follow the traditional law firm model. It’s a cross between a law firm and a counsel chamber. Members are allowed to maintain their domestic practice and work under the brand for cross-border assignments only. We don’t want to hire associates, we want to accelerate start-ups. We are looking to provide a platform to legal talent with a start-up bent to come and join the brand.
“Many exceptional lawyers across the globe are tired of the law firm culture,” he added. “We are looking for such lawyers to join in as partners or counsels. They could be doing international tax, cross-border deals, international disputes, it doesn’t matter.
“Getting them under one umbrella, we feel, can disrupt the legal market.”
“Our vision is to achieve the point of singularity in international legal services by providing end-to-end international law advisory and consulting to our clients. Our mission is to be a Singapore headquartered go-to international law firm with pan-Asia presence,” he said.
The firm would primarily focus on international dispute resolution, “strategic counsel” work to advise on cross-border trade and investment, and “radical technologies and businesses”, which would “aspire to advise clients involved with radical tech and businesses such as artificial intelligence, quantum teleportation, augmented reality, virtual reality, drones, distributed ledgers, crypto-currency, space exploration industry, medical cannabis”.
According to Bagaria’s firm profile, the firm as currently handling the following matters:
Bagaria said that the name “Singularity” came from science, describing “a point at which the measure of the subject matter reaches infinity”.
“When one can no longer compute the subject matter its known as the singularity point. For example, in cosmology when the density of gravity reaches a point of infinity its referred to as singularity,” he said. “At singularity, time and space stop existing and when this is followed by a collapse we call it the big bang,” he explained. “The idea here is to achieve a point of singularity in providing international legal services. Because once we achieve that, we can create a whole new universe. Hence the name singularity.”
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I hope Mr. Bagaria understands the difference between "international law" and handling "cross-border deals". Also very pleased to hear that clients from Singapore, are happy to hire Indian lawyers to advise on Italian and Nigerian law. How clever have Indian lawyers become?
As usual bad and irrelevant reporting by Legally India. More like a press release by Mr. Bagaria's office.
Just a thought!!
That being said I love the 10 year plan!
Give him some time and then judge his ideas?
The thing about your model is that it lacks mass i.e any substance. There is no way you can achieve your goal of integrating independent litigators and meeting client expectations that a firm can meet at the same time. Counsel and Firms operate in completely different ways. Counsel stay away from direct client interaction and Firms spend most of their time in it.
Since your model lacks sufficient mass, it will unfortunately never be able to create a dent in the legal market. You are more likely to be destroyed by anti-particles floating in light.
P.S. Just generally, if you had no mass you'd be unable to be pulled in by the Black Hole to reach singularity. So epic name fail also.
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