Anand Prasad exit interview: Trilegal co-founder about ‘happiness quotient’ politics, becoming counsel, handover

Anand Prasad: Going indie
Anand Prasad: Going indie

We caught up with Trilegal co-founder Anand Prasad, who will leave the firm to become an arguing counsel and potentially a politician, Legally India reported earlier this morning.

Prasad will become a counsel and enter politics (but not the Aam Aadmi Party (AAP) with which he parted ways in itsearly days on disagreements about its approach.

We asked him a few questions by email about his plans.

What’s your exact plan?

Plan is to move into counsel practice by 1 April, 2017. Being in counsel practice would give me flexibility to seriously pursue my political/social inclinations.

How will you make it work as a counsel?

The thought is to be a corporate/commercial practitioner, and hopefully to be instructed by firms/lawyers that need assistance in that space.

Am also hoping to contribute to social issues by representing clients in that space, but this would not include PILs, which I believe have increasingly become an abuse of process.

In this phase am also looking to spend some of my time providing pro bono assistance to serious start-ups and other lawyers/firms with the wider commercial/managerial skill set I might have.

What will you do in the politics space?

My sense is that there is space for a political thought that leans in favour of a free market economy (with adequate regulators in place to minimize abuse), where the state uses the surpluses generated through the economy to benefit the general population and the underprivileged.

My sense is also for the state to enable material growth in the context of bringing a wider happiness quotient - i.e. a pursuit of economic growth factoring in the need to bring comfort, happiness and harmony in the population.

So why are you leaving?

It is difficult to be politically and socially active within the structure of a commercial law firm.

Client expectation of a top notch firm leans in favour of political neutrality.

Hence, if I had to become politically active, it would have been very tough to do so within the confines of a commercial firm. Hence, the thought of transitioning to counsel practice.

How will it be dealt with logistically internally?

The hope is for the transition to be smooth from a client and firm perspective.

Over the last year, I have already brought other partners into projects am supervising.

Another year of the same would hopefully get most clients comfortable.

In any event, even as external counsel, I will always be available to assist Trilegal and its clients.

Comments

Ex-Trilegal 26 Feb 2016, 08:30
+14 -1
Kudos for taking the plunge and actually pursuing something outside of the law firm he helped create. Must have been quite a challenge to give up control.
BJP 26 Feb 2016, 09:28
+6 -1
I think he will joining the BJP.
Bakar 26 Feb 2016, 16:06
+7 -9
Does joining BJP include a baptism by wearing khaki knickers?
Please Stop 27 Feb 2016, 06:11
+16 -3
Some leftist seems be be quite upset :). Don't expect a commercial lawyer (and founder of a law firm with sharp business acumen) to join AAP, Congress or CPI.
Intern 27 Feb 2016, 10:22
+7 -6
Better than Italian National Congress led by Rahul who has never gone to school and a part time politician
Misinformed 27 Feb 2016, 14:32
+0 -3
stop making the bjp vs congress debate a modi vs rahul gandhi
Scott 1 Mar 2016, 07:44
+6 -1
Stop making Rahul Gandhi your leader. If you are so defensive about Rahul Gandhi, let him leave the party. My fear is Congress may actually do well if that happens.
Samjam 26 Feb 2016, 10:18
+3 -4
I hear that Som is going to do the same soon. Sorry for JSA
You are a HERO! 27 Feb 2016, 07:33
+2 -0
Everyday people do everyday things but I can't be one of them - Alesso
vanvas 27 Feb 2016, 18:22
+0 -0
Ok tata..
Jk 28 Feb 2016, 01:11
+15 -1
Well, the law firm management consultancies should be a worried lot. If Anand can be approached as a mentor or advisor, as someone whose been-there-done-that; then the consultant firms will have stiff competition. Also I am wondering whether his counsel role will involve a smaller law firm hiring his services in a M&A deal. I know counsel role ordinarily means litigation work. But, could it also be a whole new model where a smaller firm, when facing a big law firm partner opposite them (say, someone like Zia or Cyril or Akshay or even Shuva); has the option of hiring Anand's services to lead the deal. If yes, this could be an entirely new model not explored hitherto in the Indian legal context. From both client and smaller law firm perspectives - it could be a win-win situation.
Guest 28 Feb 2016, 09:30
+12 -3
There are few law firms in India which have been able to institutionalise themselves, Trilegal being one of them. It is wonderful to see founding partners like Jyoti and Anand leaving to pursue other interests and leaving the firm to younger partners. All the best to Anand with whatever he intends to do in the future and we hope that more such institutions are created. Just one note for Trilegal - why is their equity partnership so skewed on male vs. female partner ratio?
Dazed and Confused 1 Mar 2016, 06:49
+1 -2
Nice guy, adequate lawyer and a very good businessman. If you're not going to emigrate, you might as well try to make a real change at a point where you've made enough money to be reasonably insulated. Best of luck to him. We certainly need such people.
bruce lee 1 Mar 2016, 10:15
+4 -2
would be nice if he had acknowledged the country of Bhutan for the term "happiness quotient". def the happiness quotient of trilegal has gone up now.
Alias 2 Mar 2016, 08:48
+4 -0
So much politics in Trilegal that he decided to level up?