Palit & Co now has 10 fee-earners, including 5 partners - having also been joined by Narender Pal Singh as a corporate practice associate partner and chartered accountant Pulkit Singhal as a director dealing with taxation.

Four of the five partners are equity partners.

“We are trying to focus to grow with dedication and maintaining value and quality in what we are doing” and with an “emphasis on quality, which any good firm would have”, said Palit, but added that “we don’t want to expand very quickly”.

The firm’s clientele was mostly domestic Indian clients but also the Indian subsidiaries of several Japanese subsidiaries.

When he had started the firm, it had been “a very humble beginning” with two or three clients whom he could “ask for work and who would support me”, Palit recounted, activating his contacts and referrals in the industry, until it “organically just expanded”.

The firm had for around two years also began focusing on sending out updates on emerging legal issues to clients, which had been useful, he said.

Palit & Co currently had a “small office in Vasant Kunj” in Delhi, said Palit, and while there had been a plan to move into a bigger office before the pandemic hit, since then they had “picked juniors from different parts o the country” who are all working remotely now.

This would continue, Palit said, since the “remote way of functioning is working well for us” besides meeting up in courts when required, and a lot of other big law firms had also been doing well with remote work.