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LexTalk World Talk Show with Kshitij Gupta, Associate at JSA



Kshitij Gupta has been working with JSA Advocates since 2022 as legal associate in corporate and projects team. Prior to this Kshitij was working in HSA Advocates. In past 2 years, Kshitij has advised on corporates matters, private equity, regulatory aspect across multiple industries and sectors including PPP Projects, FMCG and automotive. Kshitij is common law registered, first-generation lawyer and graduated with First-Class Honours degree with a focus on corporate laws. On graduation, he was awarded the 'Distinguished Alumni' award for academic and extra-curricular activities out of thousands of students.


Interview:


Host: Relating to your experience in this field, have you worked on any essential projects?


Kshitij: I am privileged and at the same time thankful to my all my seniors who have shown their trust and involved me in key projects. Recently, I was involved in the transaction where we advised and assisted Lupin Limited (Lupin) in acquisition of portfolio of three hundred forty-three (343) brands (including all rights and interests associated with products) from Anglo-French Drugs & Industries Ltd. Drugs & Industries Limited (“AFDIL”) and its associates. In relation to the same, we drafted a brand sale agreement and a escrow agreement. The deal value was INR 325 crore.


Further, we assisted Assystem (a French company) on acquisition of STUP Consultants Private Limited ( an engineering and project management consultancy with over 1000 employees and consultants) and its affiliate STUP Design Forum (a proprietorship firm). The deal value was USD 27 Million.


Also, we advised National Industrial Corridor Development & Implementation Trust and National Industrial Corridor Development Corporation in acquisition of 50% of stake in SPV incorporated for development of industrial township in Palakkad district in state of Kerala. We advised on all legal aspects of the transaction including in completion of the framework agreements, state support agreement and drafting charter documents to set the course for the development phase of the project. The deal value was INR 3000 crore.


Host: What do you think regarding the use of technology andhow much of impact is it going to create in terms of the industry and futurebusinesses?


Kshitij: In legal practice, client experience is the key point that a lawyer should keep in mind because the client is the center. Young lawyers know that the quality of client experience is very important to get success in the legal profession. This can only be achieved with the adoption and creation of new technologies.


We have recently introduced the software in relation to Customer Management Systems. It’s a new age technology through which regular updates are sent to the client in relation to a matter including the date of next hearing. Due to integration of this system, it is not only a cost-effective measure but also saves time. Further, in order to save time and be cost effective, I have been actively working on the concept of smart contracts. Under this concept, programs are stored on blockchain that run when predetermined conditions are met


Host: Time is money in any profession and in legal it's most of all. How do you ensure to make the best of your time as a lawyer?


Kshitij: As lawyers, many of us are in the business of selling our time. And that presents a problem for us, not just as professionals but as human beings. The essential act of selling our time affects each of us personally and, for those of us in law firm management, the well-being of the people we lead. It makes us vulnerable.


Client work could easily consume every waking hour of our week, pushing aside other things that we say are important to us—from building a cohesive and inclusive culture within our organizations to allowing for a healthy work-life balance.


I have seen my seniors working on a public holiday to achieve a given target which sometimes take a toil on your health and well being. Now been in this industry for more than 4 years, I believe that its possible to achieve a work life balance by advocating for yourself. Also, by following pragmatic approach, a work life balance can be maintained. At the same time, I feel that it is the duty of the respective senior mentors also to consider the well being of their juniors so that maximum output could be achieved. Championing boundaries between your professional and personal life can entail good mental health and positive job satisfaction.

 

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