Companies building legal teams to brace for post-Covid challenges – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/companies-building-legal-teams-to-brace-for-post-covid-challenges/articleshow/79951940.cmsSynopsis

There are over 150 active senior-level openings for legal positions with enterprises across industries, according to data from company job boards and job sites put together by executive search firm Xpheno.

Demand for legal professionals is on the rise in the post pandemic world as companies across sectors navigate the new ways of working. While many startups are looking to build an in-house legal team, larger companies as well as conglomerates are strengthening and expanding their legal departments to drive the next level of growth.

There are over 150 active senior-level openings for legal positions with enterprises across industries, according to data from company job boards and job sites put together by executive search firm Xpheno.

A combination of reasons such as need to negotiate through force majeure clauses, increasing venture deals, managing a remote and distributed format of working, increased data protection obligations, moratorium-related exigencies, understanding the definitions and implications of a new wage code and dealing with several labour-related issues has brought the focus on a stronger and finer legal presence among startups as well as established players, said experts.

Companies that currently have active senior-level legal openings include Synega, Revolut, Citi, Aditya Birla Group, Morgan Stanley, Ciena, RingCentral, Equinix APAC, Palo Alto Networks, Spark Capital, Udaan and Practo, according to data from Xpheno.

“There is an increased need for stronger in-house legal presence,” said Kamal Karanth, co-founder, Xpheno. “This is happening as the venture deals are increasing, moratorium-related exigencies create demand for legal work, the IPO market has lined up, leading to need for more legal hands, increase in contract obligation especially of service delivery, data protection obligation, and where ever there has been contract re-negotiation underway, the demand for legal hands increased.”

Some of the top movements of the last six months include Rajneesh Jaswal, who joined Unacademy as general counsel; Sanjit Nagarkatti, who joined Ola Electric Mobility as VP legal; Urvashi Sahai, who joined One97 Communications Ltd (OCL), Paytm as GC and SVP legal; Gautam Vohra, who joined ByteDance as head legal- South Asia; Manish Sansi, who joined Vodafone Idea as chief legal officer; Madhav Rao Uppuluri, who joined Tata Motors as GC; Tejal Patil, who joined Oyo as senior legal advisor-India and South Asia, and Navita Chaubal, who joined Target as GC, according to data from legal and governance executive search firm Vahura. Among others, Vinayak Mishra joined Lightspeed India as director legal and Tushar Tarun joined Razorpay as director legal.

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