Legally binding: Lawyers start courting cases on their own
Working in silos during the pandemic period helped many lawyers make independent decisions in key cases, which boosted the confidence of several of them to start their own. Since the operating cost of such boutique firms is low, these lawyers have the flexibility to take up small-ticket disputes for which litigants wouldn't approach full-service firms.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Leadership in AIVisitMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Venture Capital and Private Equity ProgramVisit«Hyper specialisation of dispute resolution practice areas is one of the reasons for many lawyers to start their boutique practice. This makes it easier for lawyers to attract this work from clients of their existing firms and get referrals from other firms if they are a boutique,» said Lee Ignatius, cofounder and partner at specialist search firm Vahura. «While such boutique firms generally do well in their core focus areas, scaling up and diversification is sometimes a challenge in a competitive market for clients and talent,» he added.
Specialised tribunals such as the National Green Tribunal, Debt Recovery Tribunal, Income Tax Appellate Tribunal, Telecom Disputes Settlement and Appellate Tribunal and the Appellate Tribunal for Electricity are some of the niche litigation areas for lawyers.
Actions taken by regulators like the Securities & Exchange Board of India, its appellate tribunal, and the Competition Commission of India have also led to the creation of several practice areas within litigation and dispute resolution practices. Another is the National Company Law Tribunal, which adjudicates cases
