Companies face increasing business challenges globally, including more onerous regulations & enforcement by local authorities in the countries where they operate. Legal and tax professionals help clients to develop commercial solutions for domestic and multinational companies with controversy assistance. Professional lawyers are very experienced in advising companies at each stage of their business – from entity formation, to continuity planning for business, to financing needs etc. Counseling clients regarding the creation of corporate policies and benefits plans as their businesses grow and expand through merger and acquisition activity are performed by the lawyers. With offering a broad base of commercial business law services in multiple jurisdictions, global reach of lawyers provide businesses facing complex legal regulations and challenges with personalized, tailor-made services.
Cyril Amarchand Mangaldas was founded on the basis of delivering outstanding legal services. The firm is committed to consistently deliver quality. That means providing timely, innovative, integrated, relevant and solution-oriented legal advice, which is also cost-effective. The lawyers strive to understand clients’ needs and circumstances, to think independently and maintain honesty, fairness, integrity, and professionalism in everything they do. It is the largest full-service law firm in India, with over 600 lawyers, including 100+ partners, and offices in India’s key business centers – Mumbai, New Delhi, Bengaluru, Hyderabad, Ahmedabad, and Chennai.
Cyril Amarchand Mangaldas was founded on May 11, 2015, under the leadership of Cyril Suresh Shroff, a third-generation lawyer and the firm’s Managing Partner. Suresh Amarchand Shroff, the second generation of the founder family, led the Firm’s growth through the 1970s and 1980s, securing the firm’s unparalleled and preeminent role in India’s legal sector. This was followed by a further period of exponential growth, including the launch of several offices from 2002 onwards. During this time, in 1994, Cyril Suresh Shroff took over as the Managing Partner of the Mumbai and south region of AMSS, helping to build a firm of unparalleled experience and reputation in the Indian legal fraternity.
Mr. Shroff has over 37 years of experience in a range of areas, including corporate and securities law, disputes, banking, infrastructure, private client, financial regulatory and others. He has been recognized as a “legendary figure in the Indian legal community” and regarded as the “M&A King of India”. Mr. Shroff has been instrumental in advising the establishment of new family offices as well as providing ongoing strategic advice to families with established Family Offices. He is also a member of various advisory boards set up by the promoters of family businesses (formally and informally)
Mr. Shroff was member of the SEBI committee on Corporate Governance. He is a member of the first apex advisory committee of the IMC International ADR Centre; a member of the Advisory Board of the Centre for Study of the Legal Profession established by the Harvard Law School; a member of the Advisory Board of the National Institute of Securities Markets and on Board of IIM, Trichy.
Marking a Strong Presence through Advisory Initiatives
Market sources unanimously agree that the team has a strong presence in almost every segment market, with one declaring that “their credentials speak for themselves.” Cyril Amarchand Mangaldas has won the ‘M&A Deal of the Year (South Asia)’, ‘Energy Firm of the Year’, and ‘Private Client Firm of the Year’ awards at The Asia Legal Awards 2018 hosted by The Asian Lawyer.
The Firm has a team of ex-regulators from key regulatory bodies such as Mr. U.K. Sinha, former chairman of the Securities and Exchange Board of India (SEBI), Mr. Ashok Chawla, former chairperson of the Competition Commission of India, Mrs. Usha Narayanan, former Executive Director of SEBI, Mr. P. K. Bagga of the Foreign Investment Promotion Board and Mr. Anand Sinha former Deputy Governor of the Reserve Bank of India. The Firm is the only law firm in India to have expertise of this kind, and the ex-regulators very frequently assists on complex transactions and help understand the regulatory overlay and implications.
Cyril Amarchand Mangaldas has recently set up a Corporate Governance Center (CAM-CGC) as part of the firm. The initiatives of the CAM – CGC will be wide ranging and will include providing specialized, bespoke board advisory services, assisting companies in setting up internal governance procedures and controls, representation in shareholder/ activist engagements engaging with Indian and international stakeholders and training of board members and senior management.
Improving Legal Services through AI
In India, startups have now started providing AI-enabled case-law research tools driven by summarization algorithms coupled with machine-learning algorithms. For ranking and showing the most relevant cases, such tools help to inform lawyers on which cases are better suited to be cited in the Courts over others. Cyril Amarchand Mangaldas is now leveraging the power of AI for contract analysis and review. It also provides analytics on how the network of cases is inter-related. With the pace of innovation in Natural Language Processing increasing, AI has become a plausible and potential disruptive force in the legal services space.
It has adopted an Artificial Intelligence system called Kira last year to improve its services. The system uses Artificial Intelligence to identify, analyze, and extract clauses and other information from contracts and documents with utmost precision, thereby eliminating human error substantially. This use of Artificial Intelligence by Cyril Amarchand Mangaldas has made it the first firm in India to improve efficiency, accuracy and the delivery speed of certain legal services.
Awards and Accolades
Cyril Amarchand Mangaldas is praised for its market knowledge and deep understanding of business needs. It has been recently awarded with India: National Law firm of the Year 2018 by most prestigious Chambers and Partners at their Chambers and Asia Pacific Awards ceremony, and Most Innovative Law Firm of the Year – India and M&A Deal of the Year for Rosneft Essar Oil Deal at the IFLR Asia Awards 2018. India Business Law Journal named as “Best Overall Law Firms 2017 – 2018”
Looking Ahead Towards a Determined Future
Cyril Amarchand Mangaldas has deep roots, but it has the future to be looked upon as a trusted advisor for its clients across the globe. The Firm’s strive to understand clients’ needs and circumstances, to think independently and maintain honesty, fairness, integrity, and professionalism in everything they do. The Firm is looking ahead to bringing its partners and associates together with a new blue print for the future. Based on a strong client-focused value system, it has a collaborative work culture and a pragmatic and solution-oriented approach to problem solving.