1. www.insightssuccess.in
Vol: 01 | Issue: 05
Advocate Sidhartha Sharma,
Founder and Managing Partner
Sharma and Sharma Advocates
and Legal Consultants

4. The legal industry in India has changed over a period
Tfrom a static structure to a dynamic system of
people empowerment. By changing the work
processes through the addition of value-based systems and
human elements, modern law firms have bridged the gap
between the Indian legal system and the common people.
Breathing in the life and energy in the legal industry
through the professional aspects of prompt communication,
clarity of thought, offering the right guidance, and
educating the clients on the case procedures and
prerequisites—the modern law firms have successfully
brought about remarkable differences in handling the cases
towards the swift movement of the proceedings towards the
desired outcomes.
Evolving from several challenges of the system,
procedures, and several conditions that kept things out of
scope and reach of the masses, the law firms have broken
the shell of traditional paradigms to extend their services to
Editor’s Note
HONORING THE
JUSTICE LEAGUE
OF THE INDIAN
LEGAL SECTOR

5. the people in offering the best legal solutions and services
in both the dimensions of seeking justice and defending the
innocent.
The COVID-19 pandemic had been a major disruptor in all
dimensions of human lives. The legal industry too was
transformed for the better and continued working, thanks to
the developments in modern technologies. Remote working
assisted by the online conference systems of bringing
people together through easy accessibility to seamless
communication.
Customized web applications have streamlined the entire
working structure of law firms by segregating the
assignments, setting priorities, case building, validating
documents, gathering shreds of evidence, and several other
essential aspects. Moreover, the initiatives taken by the
ministry of justice to establish several fast-track courts have
accelerated the momentum of case clearance and rendering
justice to underprivileged people.
Recognizing the role and importance of modern law firms,
Insights Success has initiated its latest edition, ‘The Most
Recognized Law Firms Of The Year 2023,’ which unfolds
several captivating dimensions of successful and change-
making legal consulting organizations.
Enriching your reading journey of the legal world, our in-
house editorial team has complemented the issue with a
couple of captivating and enlightening articles, honouring
progressive lawmakers!
Have an engaging and interesting read.
Let the Law prevail!
Abhishek Joshi
Deputy Editor
abhishek.joshi@insightssuccess.com

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9. Pooja M. Bansal
Editor-in-Chief
Insights Success
Media and Technology Pvt. Ltd.
Sharma and Sharma
Advocates and Legal
Consultants
for its impeccable legal solutions
and exemplary services that are enabling
reliability in the Indian legal Sector.
is recognized by
Insights Success as one of the
2023

10. ,
,
IN HIS 22 YEARS OF
PROFESSIONAL EXPERIENCE,
SIDHARTHA HAS
SUCCESSFULLY HANDLED
VARIOUS NOTABLE CASES
AND REGULARLY APPEARED
BEFORE VARIOUS COURTS,
INCLUDING THE HON’BLE
SUPREME COURT OF INDIA.

11. A Flourishing Professional Family
S.N. Sharma
Labour Law and
Service Law Consulant
Anand Sharma
Senior Partner
Sidhartha Sharma
Founder and
Managing Partner

12. aw is the primary distinction between a civilized
Land uncivilized society. Law helps resolve all kinds
of disputes amongst individuals, groups, urbane,
rural, socio-cultural-economic-political and professional
entities, private and public institutions, and industrial and
corporate organizations spread over the local and global
demographics. In fact, law aided our transformation from
mankind into humankind.
Evolved over generations, like many other human affairs,
the legal sphere became increasingly complex, branching
into specialized areas, including labour, service, industry,
company, and corporate law governing the businesses,
enterprises, trade, economy, finance, banking, etc. While
conducting their daily matters, all enterprising individu-
als/groups/entities find it almost impossible to avoid issues,
problems, and disputes arising out of the conflicting nature
of human activities.
Whenever these problems overlap in the legal areas, these
businesses either must face them or hire an adept, prag-
matic, trustworthy, and reliable legal counsel like Sharma
and Sharma Advocates and Legal Consultants–a boutique,
full-service law firm on a noble mission of bringing in a
positive socio-legal impact and furthering the civilizational
character.
The firm was established by Advocate Sidhartha Sharma,
Founder, and Managing Partner, in 2006. Presently, the
firm has offices in Kolkata, New Delhi, and Mumbai with
associate lawyers, chartered accountants, and company
secretaries in most major cities of India, with substantial
representations in employment (Labour law and Service
Law), transactional, Real estate, insolvency matters
particularly related to Insolvency & Bankruptcy Code,
2016, Company matters and numerous litigation and
arbitration matters. This network of alliances benefits the
clients of a single window service provider to deal with all
kinds of matters across the country under one umbrella. The
Head Office of the firm is in Kolkata, conveniently located
near the Calcutta High Court.
Inspirational Principles
The principled vocation of law inspires ardent talents due to
its challenging nature. Sharing his own, Sidhartha says that
being a second-generation lawyer working in the courts,
looking at voluminous documents and spending long hours
in the library was not new to him. He reminisces, “Since the
formative years of my education, I was always inclined
towards the legal profession and court craft. My father, Mr.
Satyanarayan Sharma, is a reputed labour law practitioner
in Kolkata and has authored numerous books on the subject.
My elder brother, Mr. Anand Sharma, also a Senior Partner
at Sharma & Sharma Advocates and Legal Consultants,
further inspired me to take up the noble profession, which
has the potential to impact society positively.”
Sidhartha started his practice in the year 2001 and was
Chamber Junior of one of the foremost practitioners of
Hon’ble High Court, Calcutta, who was awarded as the
BEST EMERGING LAWYER OF HON’BLE CALCUTTA
HIGH COURT, Late Hon’ble Mr. Justice Protik Prakash
Banerjee, Judge of Hon’ble Calcutta High Court. “In
2006, I laid the foundation for Sharma & Sharma Advocates
and Legal Consultants, which has acquired immense
recognition in the legal fraternity since then as well as
expanded from its head office in Kolkata to New Delhi,
Chandigarh, and Bhubaneswar,” he informs.
A Journey of Excellence
The firm was started in a small chamber near the High
Court at Calcutta in 2006, majorly dealing in labour and
industrial laws and related fields of master-servant
relationship, followed by appearing in different courts,
tribunals like Provident Fund Appellate Tribunal, and other
forums created to adjudicate master-servant disputes, and
also handling various matters pertaining to labour
laws/service law.
,
,
OUR NETWORK OF
ALLIANCES BENEFITS THE
CLIENTS OF A SINGLE
WINDOW SERVICE
PROVIDER TO DEAL WITH
ALL KINDS OF MATTERS
ACROSS THE COUNTRY
UNDER ONE UMBRELLA.

13. Advocate Sidhartha Sharma,
Founder and Managing Partner
Sharma and Sharma Advocates
and Legal Consultants

14. Priyanka Sharma Tibrewal
Managing Partner
Sharma and Sharma Advocates
and Legal Consultants

15. Sodhartha furthers, “As my existing Clientele started
reposing their faith and trust on my abilities and acumen, I
started practicing in corporate and commercial disputes,
property law, company law, restructuring and bankruptcy
matters, and other corporate advisories in addition to the
major practice in labour and industrial relations and
insurance laws.”
Soon thereafter, as Mrs. Priyanka Sharma Tibrewal joined
the firm, the firm’s practice expanded from the company,
commercial and corporate laws to criminal law, family law,
and constitutional matters.
In his 22 years of professional experience, Sidhartha has
successfully handled various notable cases and regularly
appear before the Hon’ble Supreme Court of India, Hon’ble
High Court at Calcutta, Hon’ble High Court at Delhi,
Hon’ble High Court at Bilaspur, Hon’ble High Court at
Guwahati, Hon’ble National Company Law Appellate
Tribunal, Hon’ble National Company Law Tribunal
(Principal Bench, Bengaluru, Guwahati, Mumbai,
Allahabad, Indore, Ahmedabad, Chennai, Hyderabad, and
Cuttack Bench). “Moreover, I have also handled cases at
various fora created under the SICA Act, 1985, like BIFR
and AAIFR at Delhi, the Employee State Insurance Court,
Employees Provident Fund Tribunal, and others,” he
shares.
In 2017, the firm established its offices in Chandigarh and
Bhubaneswar, with the addition of new partners in the firm,
thereby further expanding its practice areas in mining laws
and electricity laws, amongst others. In 2018, the firm set
up its New Delhi office, centrally located near the Hon’ble
Supreme Court of India, the Hon’ble High Court, and the
NCLT/ NCLAT.
Over the years, the firm has expanded its practice areas and
services from dispute resolution and arbitration to corporate
advisory, mergers and acquisitions, and regulatory work.
The firm’s specialized proficiency coupled with effective,
prompt and practical solutions are the factors which are
predominant in choosing the firm by the clients and
considering the long standing and continuous professional
services offered by the firm to corporates and industries,
Sharma & Sharma Advocates and Legal Consultants was
awarded as the ‘Top 10 Legal Consultants of 2020 by CEO
Insights Magazine’ in 2020.
Ensuring Legal Innovations
According to Sidhartha, keeping pace with the evolving
times and needs of the industry and corporates, the firm
specializes in various areas. It is proficient in providing
effective, prompt, and practical solutions, making the firm a
favoured choice by domestic and international clients. The
firm aims to provide clear, concise, and practical advice
with time-bound deliverables to support its clients and
achieve business objectives in the long run. The firm’s
innovative and pragmatic solutions extend beyond practices
and borders to suit all the client’s business needs.
The team of professionals understands issues across a broad
spectrum of business and legal practices to deliver commer-
cially pragmatic advice.
The firm specializes in various practice areas such as
corporate restructuring and insolvency, banking and
finance, capital markets and securities, corporate advisory,
cross-border transactions, real estate laws, mining, energy,
dispute resolution and arbitration, employment, environ-
ment, FDI, governance risk and compliance, intellectual
property rights, joint ventures, M&A and private equity.
Standing tall amidst the league of eminent legal consultants
in Sharma & Sharma Advocates and Legal Consultants has
grown to an incredible extent where clients acknowledge
them for their array of services being offered under one
umbrella within a time frame.
,
,
OVER THE YEARS, THE FIRM
HAS EXPANDED ITS PRACTICE
AREAS AND SERVICES FROM
DISPUTE RESOLUTION AND
ARBITRATION TO CORPORATE
ADVISORY, MERGERS AND
ACQUISITIONS, AND
REGULATORY WORK. WITH A
CLEAR-CUT VISION AND AN
INTENSE MISSION,
SIDHARTHA PUTS THAT THEY
HAVE ACHIEVED ALL THEIR
MILESTONES IN THEIR
JOURNEY.

16. ,
,
THE FIRM'S VISION IS TO
PROVIDE A PROMPT,
FEASIBLE, AND PRAGMATIC
SOLUTION TO THE CLIENT
FOR AN OVERALL
INCREASE IN
PRODUCTIVITY AND EASE
IN CARRYING OUT TRADE
AND COMMERCE.
Arjun Asthana
Partner

17. Sidhartha Sharma
Founder &
Managing partner
Pree Sharma
Senior Consultant

18. “The firm comprises of advocates, chartered accountants,
company secretaries, professionals with specialization in
management of business and engineers to understand both
the legal and commercial aspirations and expectations of
our Clients, which has set apart the law firm from its
contemporaries,” states Sidhartha.
Pragmatic Vision
With a clear-cut vision and an intense mission, Sidhartha
puts that they have achieved all their milestones in their
journey. The firm’s vision is to provide a prompt, feasible,
and pragmatic solution to the client for an overall increase
in productivity and ease in carrying out trade and com-
merce.
Stating the core values and philosophies, Sidhartha says,
“We believe in the importance of the partners’involvement
and accessibility to its client. We also ensure that the clients
are kept well informed about industrial development on a
regular basis.” The firm’s mission is to provide dedicated,
efficient, commercially sound, and result-oriented solutions
to its clients.
Regarding the challenges they faced and the most difficult
obstacles they surmounted, Sidhartha says that litigation is
a profession that thrives in challenges. Every day in the
court, you will encounter some challenges or the other.
Every brief given to a practicing advocate brings with it a
challenge. Every matter is as challenging as the next, and
you cannot distinguish any one case as the most challeng-
ing.
“However, one key challenge I particularly noticed in my
professional career was appreciating the commercial and
operational practicalities while running an organization. I
had observed that advocates often underplayed the commer-
cial and operational practicalities and failed to give
credence to the same,” he mentions.
He explains, “Sharma & Sharma Advocates and Legal
Consultants, we have a dedicated team of professionals
ranging from advocates to chartered accountants, company
secretaries and also professionals with specialization in
management of business and engineers to understand and
appreciate the operational and commercial aspirations and
expectations of our Clients.”

19. Tech-Know Evolution
Law evolves as it is subjected to amendments continuously.
Speaking about the same, Sidhartha believes that law is
never static; it is always changing, being interpreted or
redefined, as regulators and judges strive, with varying
degrees of success, to ensure that the law constantly reflects
changes in society itself. They, as lawyers, have always
adapted to the change due to the evolving law and shall
continue to do so.
Their firm deals with various aspects of law; however, they
have certain niche practices, which include the Insolvency
and Bankruptcy Code, 2016, Electricity laws, etc. Signifi-
cant amendments have taken place in their niche practices,
and they believe there are more to come. They at Sharma &
Sharma have specialized teams for such practices, espe-
cially when it comes to corporate laws. They have a team
that comprises Chartered Accountants and Company
Secretaries along with lawyers who are specialized in the
field of corporate law and therefore assist the firm in not
,
,
SHARMA & SHARMA
ADVOCATES & LEGAL
CONSULTANTS HAS GROWN
TO AN INCREDIBLE EXTENT
WHERE CLIENTS
ACKNOWLEDGE THEM FOR
THEIR ARRAY OF SERVICES
BEING OFFERED UNDER ONE
UMBRELLA WITHIN A TIME
FRAME.

20. only interpreting the laws but also making sure that all the
members of the firm, including the partners and the
associates, are always up-to-date and well-versed with any
amendment that takes place regarding corporate law. “In
addition, the firm is equipped with professionals with
specialization in management of business and engineers to
understand and appreciate the operational and commercial
aspirations and expectations of our Clients,” he states.
Being a major law firm, there are many special services
provided by Sharma & Sharma Advocates and Legal
Consultants to its clients. In the fast-developing revolution-
ary world of the internet, people and their services are
accessible just a click away. Sidhartha conveys, “We at
Sharma & Sharma are in line with the latest technological
development and have a strong and distinctive presence on
the internet, having a reserved domain name and website by
the style of www.sharmaandsharmalegal.com.” In
addition to the above, they have a strong and responsive
social media presence on LinkedIn, Google, and other
professional social media platforms.
“We at Sharma & Sharma have evolved a unique reporting
system, styled as the Record of Proceedings (ROP),
wherein the reporting of the hearing before a court/ tribunal
is explained in detail to our clients to make it easier for
them to understand and comprehend the main issues
involved in their disputes which in turn makes our services
and expertise accessible to our clients. It has been observed
over a while that the ROP has proven to be of great
assistance to our clients for being completely up to date
about their legal matters,” mentions Sidhartha.
They at Sharma & Sharma Advocates and Legal Consul-
tants also issue periodic newsletters to their connections and
clientele to keep them aware of the latest legal develop-
ments and judicial precedents on numerous law subjects.
“We recommend any person / or entity who wishes to
receive the newsletters may communicate to us at con-
tact@sharmaandsharmalegal.com, and we shall duly
circulate the newsletters,” he says.
A Flourishing Professional Family
Regarding Employee Welfare, opportunities, and facilities
provided to them, Sidhartha reveals that Sharma & Sharma,
(Advocates and Legal Consultants) invests in its people.
“We treat our associates and staff members as one family
and ensure they can maintain work-life balance. We have an
environment that supports both personal and professional
growth. We also believe in creating opportunities for young
minds and constantly strive to support and provide them
with a platform to enable themselves to flourish profession-
ally and otherwise.”
They at Sharma & Sharma strongly emphasize continuous
learning of the professionals. In this regard, Sharma &
Sharma publishes a monthly newsletter to keep its members
in line and up to date with the latest judicial pronounce-
ments and amendments in law. The firm also promotes and
encourages its associates to participate in numerous
seminars, workshops, conferences alike, etc., with the
object of exchange of ideas and knowledge development.
“We offer internship programs to final year law students,
select candidates based on their potential/merits, and
accordingly offer them pre-placement offers. Our employees
can attend in-house training programs to inculcate work-
life discipline as well as stay abreast,” he adds. They also
regularly attend conferences and workshops as speakers and
moderators.
Legal Social Contributions
As a law firm, a huge responsibility is placed upon the
institution. When probed about how it fulfils its social
responsibilities and contributes to society, Sidhartha says,
“Advocacy in itself is a very rewarding profession, but at
,
,
WE AT SHARMA & SHARMA
ARE IN LINE WITH THE
LATEST TECHNOLOGICAL
DEVELOPMENT AND HAVE A
STRONG AND DISTINCTIVE
PRESENCE ON THE INTERNET,
HAVING A RESERVED
DOMAIN NAME AND
WEBSITE BY THE STYLE OF
WWW.SHARMAANDSHARMALEGAL.COM.

21. Anand Sharma
Senior Partner

22. ,
,
THE FIRM’S
INNOVATIVE AND
PRAGMATIC
SOLUTIONS EXTEND
BEYOND PRACTICES
AND BORDERS TO
SUIT ALL THE
CLIENT’S BUSINESS
NEEDS. THE TEAM
OF PROFESSIONALS
UNDERSTANDS
ISSUES ACROSS A
BROAD SPECTRUM
OF BUSINESS AND
LEGAL PRACTICES
TO DELIVER
COMMERCIALLY
PRAGMATIC ADVICE.
Priyanka Sharma Tibrewal
Managing Partner

23. Sharma & Sharma, we always believe that the greatest
reward lies in the pleasure of giving back to the society. Not
only does the firm, particularly our Managing Partner, Ms.
Priyanka Sharma Tibrewal, invest in pro bono matters, but
it also makes an effort to contribute to society in many
ways. We believe that individuals and professionals should
be aware of their rights and duties and any other such
laws/statutes that may affect their day-to-day functioning
and assist them in conducting their businesses smoothly
without any hindrance. Keeping the same in mind, we
organize seminars for trade associates, stakeholders’
associations, individuals, etc., to enlighten them regarding
all the relevant laws that may affect such individuals or
professionals.”
They have also been successfully executing specialized
virtual legal aid clinics from 5.00 PM to 7:30 PM every
Saturday, where they deliver a free legal opinion to
individuals or entities who cannot afford quality legal
assistance. Other than that, they also publish newslet-
ters on several virtual platforms which contain
details of all the recent developments in law
and summaries of the latest landmark
judgments.
In his advice to the young genera-
tion trying to create change or
achieve something through the
law, Sidhartha says that every individual who is a practicing
lawyer may have a very different prospective when it comes
to achieving success in this profession. “But I believe that
every experienced successful lawyer will agree that
perseverance, diligence, and hard work has no alternative
in this profession,” he feels, adding that often, such young
lawyers will have to burn the midnight oil, and many times
they may feel dejected. However, it is only at this moment
that their passion and determination will lead them in the
right direction.
Speaking about their future strategies and plans, Sidhartha
shares that growing in the field of law is what every lawyer
wants.
They at Sharma & Sharma believe that the same can only
be achieved through team effort and productive output by
all members of the firm. To attain and maintain the same,
they shall adopt such software that keeps track of the
deliverables by the professionals, thereby keeping track of
productivity. By implementing such software, they shall
target to maximize productivity but shall also keep a check
on the health of the professionals. “It has come to our
knowledge that several unfortunate incidents had taken
place due to work pressure, and we at Sharma & Sharma
want to invest more in healthcare for our professionals,” he
concludes.

26. Embracing
the Significant
Advancements
inthe Indian
Law Sector
he most prominent aspect of the Indian Judiciary is
Tto offer justice to the people through impartial,
unbiased, and patient ways. The reason why it is
the best in the world is that it allows both parties to present
themselves equally and offers the right to defend
themselves. In the process of delivering justice, injustice
should not take place to anyone due to any
misunderstanding, half-hearted efforts, and or influence by
some people.
The law industry has developed steadily over the years, but
prominent developments have happened just recently in
these couple of decades. The court procedures which were
said to have been lengthy, time-consuming, and riddled
with uncertainty, are now a totally changed scenario. The
recent developments in the legal system have contributed to
the streamlining and simplifying of the process. The new
amendments in working during the COVID-19 pandemic
have brought about a big change in the working process of
the entire industry. Not relying on the procedures, the
lawyers have progressed ahead in a professional perspective
of adding more value to their services. Improved
communication, faster working procedures, systematic

27. Industry
Insights

28. updating of the case developments, close and integrated
working with the clients, courts, and government
departments have empowered the lawyers in becoming
efficient and highly result-oriented professionals.
Establishment of Fast Track Courts
The time taken by the courts towards clearing the cases has
been ascertained as the influencing factor therein. In order
to expedite the process, the judicial authorities have
developed separate courts that would be focusing on
handling and resolving the cases of serious matters
concerning heinous crimes and the underprivileged sections
of society. The setting up of Fast Track Courts (FTCs) and
their functioning lies within the domain of State
Governments in consultation with the respective High
Courts.
According to the official website of the Department of
Justice (DoJ), the 14th Finance Commission had
recommended the setting up of 1800 FTCs during 2015-20
dealing with cases of heinous crimes; civil cases related to
women, children, senior citizens, HIV/AIDS etc., and
property-related cases pending for more than five years. The
Commission also urged State Governments to utilize
enhanced fiscal space available through tax devolution
(32% to 42%) for this purpose. 848 FTCs are functional
across the country (December 2022). A total of more than
33 lakh pending cases have been disposed of by FTCs since
2014.
The Advent of the Outsourcing industry
The service industry grew rapidly that went on to develop
support for industry verticals like IT, Banking and finance,
Healthcare, Retail, Telecom, Real Estate, Insurance, Legal,
Travel and tourism, etc. The outsourcing industry in legal
specialization (Legal Process Outsourcing) LPO, was
developed in data collection, compilation, processing, and
coordinating with various clients and sources. The LPO
functions as a valuable supportive arm of Legal firms that
need to maximize the work potential that requires lots of
repetitive tasks and operations. The LPO industry has
enabled law firms with ready data with verified details
suitable for their further work practices. The specially
qualified and technically trained LPO professionals help to
add value to the working procedures through specific
objectives that are aimed to achieve the key objectives of
the legal processes.
Integration with technologies
The legal industry had been dependent on physical records
involving high volumes of paperwork, and the involvement
of separate teams for record creation, storage, maintenance,
and retrieval. Overall, the process was very complex and
time-taking. The process of digitization helped to archive
the case data in systematic digital libraries that were stored
and maintained with limited, hassle-free, economical, and
feasible systems. Law professionals, court officials, clients,
police and other government officials, and common people
are privileged to access the case documents anytime from
anywhere by accessing the cloud servers.
Technological developments have helped bring people
together by connecting people in remote locations
worldwide. The modern systems of conferences have
enabled people from different locations to be connected in
remote yet real-time, live meetings that speed up the case
process reducing the need to travel, and spend considerable
amounts of time, money, and effort in the process.
Modern software applications have streamlined the
operations of law firms, thereby adding more control and
creating a clear picture of the case requirements, task
assignment to different team members, and updating the
clients on developments and research related to case
building. The advanced applications of Artificial
Intelligence (AI) and Machine Learning (ML) have assisted
in undertaking the basic tasks that are repetitive, mundane,
time-taking, and basic in nature. The AI applications
compile the data, read the relative details, and prepare
inferences and conclusions. The ready data helps the
lawyers to proceed ahead with decisive actions thereby
maximizing the efficiency of their legal solutions. The law
industry works on logic and justification. This is fulfilled
through the massive potential of AI applications.
- Kedar Borgaonkar

32. www.insightssuccess.in