“Essentially, during the first lockdown, new business and briefs stopped coming in at law firms and most busied themselves clearing existing pending work. While this work was sufficient for some firms, many faced hardships.”
The firm saw demand for advisory work in areas such as technology, pharmaceuticals, life sciences, employment law, financial restructuring, to name a few, after the first lockdown.
“Like many other firms, I imagine we have ended the year pretty well and have had a pretty good financial year in the second year of Covid,” says Akil.
Majmudar & Partners also credits a number of Initial Public Offerings as well as work involving securities law and restructuring exercises for keeping the firm busy during the second year of the pandemic.