IC Legal and Universal Legal go independent after 7 years; IC Legal also launches IC RegFin Legal

IC Legal and Universal Legal, having successfully operated under the shared brand “IC Universal Legal” for more than seven years, will now move forward as independent legal practices.

"This decision has been made mutually and amicably, with a shared recognition that both firms have grown and evolved in ways that make this a natural and positive step forward.

The two firms are proud of the work accomplished together and grateful for the strong foundation built during their collaboration with a shared history marked by mutual respect and professional synergy," IC Legal stated in its release.

As part of the new chapter, IC Legal has announced the formation of a specialized and independently operated legal entity - IC RegFin Legal, which has been created to enhance operational efficiency and provide a deeper sectoral focus by housing IC Legal’s financial services legal regulatory practice.

The FS Practice of IC Legal has created a strong leadership in the Indian market with a reputation of consistently holding the numero uno position in several practice areas like Funds (including AIFs, Mutual Funds, FPIs etc.), SEBI Regulatory practice covering all regulated intermediaries, Financial Services Litigation & Disputes, IFSC GIFT City regulatory regime, exchange control laws etc. and with an ever-increasing focus on creating similar market leadership in allied practice areas like venture capital, private equity, M&A, structured credit, corporate real estate, banking & finance etc.

Tejesh Chitlangi, the Joint Managing Partner of the erstwhile IC Universal Legal and an expert in the financial services legal-regulatory space will be spearheading IC RegFin Legal’s current 125+ pan India team as its Managing Partner.

IC Legal will continue to operate under its existing established brand/set-up and inter alia continue to focus on its core practice areas and further strengthen its market leadership in the fields of Litigation/Dispute Resolution including IBC practice, Core Real Estate, Media & Entertainment Laws, Estate & Succession Planning laws and related practice areas.

IC Legal will continue to function under the leadership of Hemant Shah and the other partners.

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