Tuesday, February 26, 2008

Poovayya & Co.

Poovayya & Co. is a full service law firm headquartered at Poovayya House on Haudin Road in Bangalore, with two more associate offices in New Delhi and Chennai. The managing partner Mr. Sajan Poovayya, a graduate from NLSIU with an LLM from the London School of Economics, founded the firm in 1999 after a brief stint in the UK. The firm has four main verticals of practice: Litigation & Arbitration, Infrastructure & Real Estate, Corporate & Technology and Media & IP with a partner heading each.

Growth has been tremendous and the past four years have seen turnovers increase by 60% to 100% each year. The firm already counts GE, Wipro, Apollo Hospitals, ITC, and Tatas among their clients.

Recruiting an average of four lawyers every year, it recently participated in the recruitment process at NLSIU and NALSAR. The criterion for selection is not remarkable knowledge of law but a strong inclination to learn. It is keen on attorneys who have the capacity to understand commercial transactions. Increments and bonuses are structured in the Firm. Attorneys receive a base retainer and at the end of year, they further get assured bonuses. In certain cases, depending upon the size of the transaction, attorneys also get transaction bonuses. The current strength of the firm is 34, including 19 attorneys.

The Firm has a three-tier structure: Associate, Senior Associate and Partner. A new recruit is hired as an Associate and depending upon his/her ability can move to the position of a Senior Associate in two years and the position of a Partner in three years thereafter. In the recent past, the firm has seen at least four such instances of quick personal growth.

source