TempusLaw Associates & P. Raviprasad, Advocate and Co-founder: innovating thelegal system with knowledge and wisdom
P. Raviprasad, Advocate & Partner: Inspired by the Quote: The heightsachieved by great individuals were not by sudden flight, but while theircompanions slept, they had toiled in the night.
Indian legal market crossed $1 billion last yearwith the combined support of foreign investment and local demand for legalservices. Howbeit, growth remains stifled due to challenges, remaining in the market.The market is due for considerable progress over the next few years, primarilyon the back of shifting government policy. That is why India's corporate lawfirm sector is still relatively young and includes a mix of soleproprietorships and firms of multiple lawyers.
Though, there are some names in the limelight,which are turning to major players in the consulting industry for support withinternal restructuring. Tempus Law Associates is a reputed multi-service lawfirm amid them. It was initiated by experienced Indian and New York LicensedLawyers, having several decades of expertise in Indian and International legalmatters to provide tailor-made legal solutions to companies and individualsacross India and US.
The firm is based in Hyderabad, and its toppriority is to deliver the clients with high-quality legal services and createthe bespoke approach to address the client's legal issues. The lawyers are ledby the founder promoters who leave no stone unturned to bring the finest legalsolutions in a comprehensive yet commercially viable approach. They worktirelessly to achieve clients' goals and pursue their objectives vigorouslywith sound advice on legal matters. The firm has a wide client base includingbusiness corporations, multinationals, financial institutions, angel funds,venture capital, private equity funds, government bodies, educationalinstitutions and high net worth Individuals across the globe.
It is said that a boat cannot flow in the rightdirection unless it has an expert and proficient sailor. Tempus Law is runningright stream under the dynamic leadership of P. Raviprasad and the otherco-founder Sundari R Pisupati, the founder partner of the firm.
P.Raviprasad, started his career working as aJunior Advocate with S. Parvatha Rao in 1988. Hard work, Perseverance, and Honesty in dealings make Raviprasadunmatchable. He believes that each client comes with different needs andconcerns and he tackles each to ensure that the client's concerns are addressedeffectively. Raviprasad graduated from Osmania University with a Bachelor ofLaws degree in 1988. After practicingfor 11 years mostly in the High Court of Andhra Pradesh, he went to New York,USA and did Masters of Law from The Law School of Yeshiva University.Raviprasad was an advisor to several corporations and institutions and alsoheld positions as Counsel to state Judiciary, T.T.D., and Standing Counsel toOfficial Liquidator for two terms and Member of Bankruptcy Law ReformsCommittee in 2014. He was alsoappointed by the Hon'ble High Court as Counsel to the Committee in the AgriGoldPublic Interest and was also engaged by the Interim Resolution Professionals inDeccan Chronicle Holdings Limited and Viceroy Hotels matters.
Raviprasad is indeed a talented person. In an interview with the Startup City, heshares about Tempus Law and his vision of creating a mark in the Indian legalindustry.
Whatare the practices offered by the firm?
We are a full-service law firm, providing anextensive range of transactional, regulatory, advisory and dispute resolutionservices. Some of our major services include:
Whatled you to start the Tempus Law Associates?
After the recession during 2006 -2008, I wantedto establish a small firm to cater to the client needs at reasonable fee structureas compared to other firms, and so, I laid the foundation of Tempus Law with myco-founder.
Whatunique approach do you bring with your firm?
Being a small firm, we have a hands-on overviewand try to address client requirements and deliver the best solutions toclients. We are also distinguished because of the depth and scope of our legaladvisory services and unique overseas experience. Additionally, ourinternational exposure allows our team to handle deals and cases of any sizeand complexity and bring the expected outcome.
Inan eventful journey like yours, what have been the biggest opportunity and thetoughest challenge?
In my journey, the best opportunity was gettingwork from corporates and the major challenge was to ensure expedited turnaroundand addressing clients' requirements in short timelines.
Doyou manage to strike a work-life balance or are there still grey areas you'dlike to better address?
I have a reasonable work-life balance. I want tohave a strong team that can grow the firm and provides the opportunity toyoungsters.
Briefus over the notable matters handled by the firm.
Our firm has handed good acquisition/investmenttransactions, represented eminent authorities and also appointed by the HighCourt in public interest litigation to assist the court.
Throwsome light on the milestones and awards received by the firm.
Our firm was recognized as "RISING STAR FIRM" in2018, and our partner was recognized as one of the top 10 powerful womenlawyers in the country by a reputedlegal journal and entity.
Definelaw in one line.
It should be a mechanism to enforce public andsocial order.
Whois your inspiration?
My Senior andmentor Shri. S. Parvatha Rao with whom I started my career in 1988. He became a High Court Judge in 1990 andlater held several positions. He was avery detail-oriented person and a great nationalist who actively participatedin several organisations and established a school for the benefit of theunderprivileged in society.
Whatare your thoughts about the Indian legal system and its problems? What is yourtake on legal education in India?
Indian legal system is a uniquely structuredsystem with set parameters. When it comes to legal education, it is shaping upwell but is becoming increasingly expensive like Engineering and Medicine.
Whathave been the keys to your success?
Hard work, client referral, consistency andbelieving in myself.
ExpansionBinge and Future Ahead
We are making a strategy to develop goodstructure and increase the number of team members.
Whatwould be your word of advice to law students and aspiring lawyers, who wish toenter the startup world?
Aspire to learn and work hard. Do not look atmaking money from day one once you graduate. Do not look for short cuts or easyways to learn the Legal profession is a long brawl, not a sprint. Long hours ofreview, looking up law, case law, andhard work will help you in the long run.