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HSA partner, Nalsar ‘09 Aniket Prasoon starts-up own regulatory practice with 2 associates

Aniket Prasoon starts PLA Advocates to tap reg disputes workAniket Prasoon starts PLA Advocates to tap reg disputes work

HSA Advocates partner Aniket Prasoon will start up regulatory and infrastructure disputes and projects advisory firm PLA Advocates, with his team of two.

Prasoon is a 2009 Nalsar Hyderabad graduate, who had begun his career at Trilegal before moving to HSA in 2014 as a senior associate. He made associate partner in HSA in 2016, becoming partner in 2017.

Prasoon said: “Every lawyer at some point in time wants to go independent. I think it’s the right time for me to do that.”

Clients had also been supportive, he told us, with some having promised to continue briefing him.

He is joined at PLA by two of his associates from HSA - Abhishek Kumar and Srishti Rai - and Prasoon said that the plan was to hire “a few more” fee-earners in future, but to remain year “for a year at least [...] to see how the workflows come in, and depending on that, the growth strategy will be decided”.

HSA founding partner Hemant Sahai commented that he wished Prasoon all the best, who said in turn that HSA had “provided a great learning curve and working with Hemant [Sahai] was a pleasure”, giving him the confidence to start on his own and devote more of his time to arguing matters.”

PLA would be focusing primarily on contentious regulatory infrastructure matters - something Sahai himself also specialises in - as well as regulatory commercial disputes and arbitration, as well as projects advisory work.

“HSA always empowers its people to enable them to grow as professionals,” said Sahai. “One of the logical next steps in a professional’s growth is exploring one’s entrepreneurial ambitions.

“It is noteworthy that HSA encourages and enables growth of leaders as is evident from the fact that most of the partners that have moved on from HSA over the years have set up new law firms.”

Prasoon said: “Given that the energy regulatory bar is quite a small group, I am sure I will keep working alongside HSA on various matters.”

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1
Like +15 Object -0 Naysayer 10 Sep 18, 17:00  interesting  top rated
If you were in SAM - it would have been considered as rival firm and hence, clawback provisions would have applied :p
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2
Like +5 Object -1 Un-biased Firm Vakeel 10 Sep 18, 17:25
Congratulations Aniket. Great move.
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3
Like +4 Object -0 Client 10 Sep 18, 17:32
Many Congrats Aniket. Will be calling you shortly.
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4
Like +8 Object -1 Kolkatavakil 10 Sep 18, 18:04  interesting
A great lawyer makes a brilliant move. I am sure Aniket will take PLA to great heights and it will be one of the frontrunners in the regulatory area very soon. Many congratulations and my best wishes.
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5
Like +9 Object -0 Tc 10 Sep 18, 18:18  interesting
Gotta admire his balls

“It is noteworthy that HSA encourages and enables growth of leaders as is evident from the fact that most of the partners that have moved on from HSA over the years have set up new law firms.”
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6
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Like +3 Object -0 NALSAR 10 Sep 18, 20:40
Congratulations Prasoon bhai ,!!,
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7
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Like +3 Object -0 Nalsar Alumni 10 Sep 18, 22:21
Congrats Aniket bhai!
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8
Like +11 Object -1 Ex-HSA 11 Sep 18, 00:24  interesting
Fantastic lawyers, have seen them work and can vouch for their commitment towards work. Yet another major loss for HSA. If I am not wrong this was the team that was handling all the major regulatory litigation matters and were doing it quite brilliantly.
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9
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Like +5 Object -2 Scooter- 11 Sep 18, 12:31
Total Ajay Devgunnn
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10
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Like +3 Object -0 Rinkiya ke papa 11 Sep 18, 13:40
So many people leaving especially from this team highlights that there are some irreconcilable problems that the firm needs to resolve. Good luck to Aniket for the new role. He should do great.
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11
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Like +3 Object -1 Rinkiya ke papa 11 Sep 18, 13:40
Not being snarky or anything, just curious. Why is HSA haemorrhaging talent like crazy? Can an insider shed light on why this is happening?
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11.1
Like +8 Object -0 ffs 11 Sep 18, 16:44  interesting
Well this has got to be a new low, you're plagiarising comments now?
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12
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Like +0 Object -0 Another curious cat 11 Sep 18, 16:00
Similar to what Rinki's father said at #11 above, I am not being condescending, but have a genuine question of my own. What does "regulatory" practice mean in India? "Regulatory disputes", I imagine, means litigating against regulators like NHAI, etc.? I ask so because in the U.K. or the U.S., specialised regulatory practice only exists for banking, finance and insurance sectors. (Please correct me if I am wrong!)
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12.1
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Like +0 Object -0 Inhouse guy 12 Sep 18, 14:27
Generally in UK 'regulatory practice' typically means finance regulatory only. In the US it is much broader. In Washington DC it also includes
lobbying
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13
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Like +1 Object -1 Question for Kian 11 Sep 18, 23:26
Kian, was any Indian firm involved in the Aurobindo - Sandoz (~$900 mn) deal? If not, any idea which US firms advised? Thanks.
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13.1
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Like +0 Object -0 Not from Hyderabad 12 Sep 18, 16:37
"Jefferies International was the financial adviser to Aurobindo Pharma on this transaction. Morgan, Lewis & Bockius LLP was the legal adviser."
This is on VCCircle ... no details on the Indian counsel.
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14
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Like +0 Object -14 Irrelevant 12 Sep 18, 16:49
Kian, will Legally India report on every inconsequential move of a junior salaried partner who leaves to go independent?
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14.1
Like +11 Object -0 kianganz 12 Sep 18, 16:56 LI subscriber  interesting
Yes, generally we do, though I disagree with your categorisation. Irrespective of the true nature of many law firm partnership structures, by implying that salaried partners are inconsequential, then we probably shouldn't report on when someone is promoted to or hired as salaried partner either?

Also, one of the things that makes the Indian legal market different from many of the more established markets, is the wealth of start-ups in the legal space, and LI has reported on these right from its inception. After all, today's start-up may be tomorrow's up-and-coming firm (or an aqui-hire for one of the big firms)...
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14.2
Like +5 Object -0 Raja hansraj khan 13 Sep 18, 10:54  interesting
Mr.irrelevant your question is just like your name. Aniket prasoOn was not just any salaried partner. He was the team of hsa . Huge loss for hsa as he leaves thier regulatory work was done by aniket only.
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15
Like +5 Object -0 Guest 13 Sep 18, 10:48  interesting
Very nice to hear this but probably a huge loss for hsa . But then again you either win or you learn. Hope to see pla get bigger but not have big ego
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16
Like +5 Object -0 Raja hansraj khan 13 Sep 18, 10:51  interesting
Very nice evening. Hope pla does well in future and hope hsa also does good work. Your ego is not your amigo. Nice to see some passionate lawyers practicing law for the the passion and not for money.
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17
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Like +3 Object -0 Funsukwangdu sharama 13 Sep 18, 21:31
Good to hear this congrats aniketu bhaijaan. Place will be the next hsa
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18
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Like +3 Object -2 TC da owner 14 Sep 18, 12:45
Is it true that one more lawyer from regulatory team has also left HSA?
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