Managing Partner: Mr V Lakshmikumaran
Number of partners and joint partners: 106 Total no. of fee-earners: 397
Languages: English, Hindi and a variety of Indian regional languages
Founded by V. Lakshmikumaran and V. Sridharan in 1985, Lakshmikumaran & Sridharan is a full-service law firm. The firm has a strong litigation and advisory background and has close to 400 professionals providing a variety of legal services to clients. In the area of litigation, the firm has handled more than 40,000 cases at all levels from the Supreme Court to tribunals. The firm’s corporate practice has advised clients on several transactions and business restructurings. The firm is well-known for its high ethical standards, quality work and transparency in all its business dealings. L&S’s corporate clientele comprises of large business houses, multi-national corporations, banks and financial institutions including several Fortune 500 companies.
Tax (Indirect & Direct)
International Arbitration & Commercial
Mergers & Acquisition & Corporate
Customs & International Trade
Intellectual Property Rights
Insolvency & Bankruptcy
Banking & Finance
Main Areas of Practice:
With experience and years of knowledge in direct, indirect and international tax, the team handles tax disputes and represents clients at various levels from the quasi-judicial authority up to the Supreme Court of India. The vast legacy in litigation allows the team to advise clients in planning and complying with tax laws in India. With the new tax regime of GST being implemented in the country, L&S has a dedicated vertical to guide clients for a smooth transition into the new system. The team advises on transitional provisions and helps in re-designing supply chain, training, hand-holding and compliance review for assessing GST readiness.
International Arbitration & Commercial Litigation:
The team comprises professionals with deep industry and business knowledge. L&S specialises in international as well as domestic arbitrations, under institutional rules and ad hoc arbitrations. The team has represented arbitration cases in all forums, in every possible format.
Through years of research and deliberation, the firm developed its competition law to ensure the smooth functioning of client businesses. The competition law team has expertise in drafting and reviewing agreements, obtaining M&A approvals and framing competition compliance strategies for enterprises. It has vast experience in representing clients before judicial and statutory authorities. The team works with a wide cross section of sectors including transportation, e-commerce, pharmaceuticals, automobiles, building materials, government procurement, broadcasting, sports, financial services, entertainment and telecom.
Intellectual Property Rights:
The practice has expertise in all the IP laws including patents, designs, trademarks, copyrights and plant variety protection (PVP). This vertical provides end-to-end IP life cycle support with its attorneys and technologists specialising in preparation & prosecution, licensing, management, valuation and litigation of IP portfolios. The firm is ranked as a top tier IP firm by several leading publications and is recognised for handling several high-profile litigation and projects.
Mergers & Acquisition & Corporate:
The firm’s corporate team has profound transactional understanding as well as significant industry expertise. The team advises various leading Indian and multinational corporations across diverse sectors on matters pertaining to joint ventures, mergers, demergers, acquisitions, private equity, legal due diligence, spin-offs, foreign direct investments and entry strategies, restructurings including global restructurings of various multinational companies, regulatory approvals, setting up of industrial plants in India, sale of businesses, distributorship and commercial advisory agreements in India, real estate, employment, compliances, ESOP schemes, drafting, vetting and negotiating of commercial contracts and other corporate transactional work.
Customs & International Trade:
India is a major trading partner for countries across the globe. Hence, from time to time there arises, wide range of business and bureaucratic dilemmas. The firm’s team of professionals in the customs and international trade practice cater to WTO and International Trade disputes arising out of or involving India. The firm’s attorneys have handled more than 400 anti-dumping and anti-subsidy investigations initiated by India, EU, USA, Korea, Indonesia, South Africa and Turkey. The team also handles wide variety of matters pertaining to HS Classification, Customs Valuation, FTA, safeguards investigations, market access and national treatment.
Additional Practice Areas:
Environment, Food Safety, Real Estate, Insolvency & Bankruptcy, Aviation, Banking & Finance, Projects.
The firm has a focused International desk which comprises of dual-qualified lawyers (India and US/Europe mostly) with expertise across practice areas such as cross border M&As and investments, anti-trust / competition law, international trade law and international commercial arbitration. These attorneys have significant experience in advising clients across multiple jurisdictions such as US, UK, Italy, Germany, Japan, Singapore, Korea, China, Australia, Middle East, Africa etc.