India continues to see the emergence of boutique law firms and independent practitioners, with lawyers from Khaitan & Co, Economic Laws Practice, Dhir & Dhir and Naik Naik exiting to launch their own ventures.
Supreme Court advocate-on-record Anurag Soan and former ELP attorney Shrey Bhardwaj have teamed up to establish tax-focused law firm First Principles Advocates in New Delhi, where they will focus on direct, indirect and international tax advisory and disputes. The firm’s founding partners have experience working in the alcoholic beverages, construction, IT services, telecommunications and energy sectors.
Soan and Bhardwaj were colleagues at Delhi-based Reina Legal, after which Soan joined DMD Advocates’ tax practice, and Bhardwaj moved to J. Sagar Associates in Mumbai. Bhardwaj then spent a year at ELP.
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