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Ex-Dhir, Vaish PAs Amit Prakash, Vasu Dev start fin + corp firm to capitalise on ‘opportunities’ in ‘tough time’

Amit Prakash (left), Vasu Dev start new firm
Amit Prakash (left), Vasu Dev start new firm

Former Dhir & Dhir principal associate Amit Prakash and Vaish Associates principal associate Vasu Dev have started up Imperial Law Offices together in mid-August of this year.

Prakash specialises in banking and finance, while Dev specialises in corporate.

Prakash said the firm was a “multi-disciplinary law firm” specialising in banking/finance, general corporate and insolvency”.

He said he was looking to add partners and consultants in other areas to become a full service law firm in the coming years.

“Further, we wish to create a model, suitable for the budding talent, wherein the work atmosphere is such that it compels the human resource internally to stay in for long and grow alongside the firm organically,” he added.

Currently, besides Prakash and Dev, their total fee-earner headcount was four, but the firm was looking to hit a headcount of 8 to 10 fee-earners in the next 12 months.

“Tough time is an opportunity to penetrate the market better and especially gain attention of mid sized and smaller corporates who are seeking quality legal solutions at competitive pricing. Further, lot of work is about to flow in the system due to financial stress especially in the domains like insolvency and restructuring,” said Prakash.

“There is no fresh funding, however, restructuring of existing debt has increased manifold thereby creating the vacuum for the lawyers well versed in debt restructuring,” he predicted. “On the general corporate side lot of compliance work has increased due to recent government circulars issued in wake of the situation. Also there is a big market for employment law advisory these days.”

While the firm had its head office in Noida’s sector 2, in terms of running a firm during such difficult economic times, he said: “Strategically we will keep the infrastructure and low overhead costs during pandemic to make a commercial breakthrough within next three months.”

Amit Prakash Work history From: Sep 2020: Managing Partner, Imperial Law Offices (New Delhi) Jul 2018 - Aug 2020: Principal Associate, Dhir & Dhir Associates Dec 2016 - Jun 2018: Senior Associate, Dhir & Dhir Associates (New Delhi Area) Jan 2016 - Dec 2016: Senior Associate, Krishnamurthy & Co. Jan 2013 - Dec 2015: Senior Associate, Jurisperitus Law Offices (New Delhi) Aug 2007 - Sep 2007: Trainee-Associate, Singhania & Co., LLP (London) Education 2003 - 2008: School of Law, Devi Ahilya University, Indore(M.P.), B.A.,LLB (Hons), Law Vasu Dev Work history From: Sep 2020: Co-Managing Partner, Imperial Law Offices Dec 2014 - Aug 2019: Principal Associate, Vaish Associates AdvocatesFull-time (New Delhi) Sep 2011 - Oct 2014: Associate, PRA Law OfficesFull-time (New Delhi) Jul 2011 - Aug 2011: Intern, HSA Advocates (New Delhi) Education 2007 : Delhi University, Bachelor of Commerce - BCom, Business/Commerce, General 2004 - 2007: The Institute of Company Secretaries of India, Company Secretary, Banking, Corporate, Finance, and Securities Law 2008 - 2011: Delhi University, Bachelor’s degree, Law
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