The market for private equity is the quickest of all! After a rather strange period of market adjustments, things have finally got lively in Bangalore, albeit slightly. Deal flow is coming back in full force. The activity is clearly having an impact on Cyril Amarchand Mangaldas. They require additional hands-on help to deal with the volume of transactions that go through the door
The firm is officially opening up spots in its General Corporate and Private Equity team at the Bengaluru office. They’re searching for attorneys with a very narrow range of experience. Employers are looking for people who are A1 to SA1. They want to have that from sharp young associates who have just figured out how a closing works all the way to the seasoned senior associates who can be trusted to handle entire workstreams on their own
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Hiring the right lawyer in Bangalore is always tough. The city is the epicenter of the nation’s VC and private equity world. There are always new rounds of funding for tech companies. The founders are selling their shares. Large-scale capital is being invested internationally to acquire and refinance old firms. CAM is in the middle of all this turmoil. Some of their most complex and demanding mandates are in the region. This kind of work demands a team that can take a beating; one that can provide clean drafts at 3:00 a.m.
Understanding the Differences between Associate and Senior Associate.
Before submitting your information, you need to grasp the significance of these particular bands, as these are in a best law office. An A1 is normally a junior/mid-level associate. They are not new to law school. An A1 should be familiar with a virtual data room. When applying for this band, you need to be 100% at ease doing large due diligence efforts. It is you who will be able to point out to the target company the serious issues in their employment policies or the fact that they may have an unknown tax liability that could ultimately kill a transaction months before it ever moves forward. The ancillary documents are drafted by you. You control the endless list of condition precedents. It’s backbreaking work. However, it’s quite similar to learning the hard way of a business deal
The SA1 role is a whole other animal altogether. This is the first grade of associate. As a new recruit, you step in like the proverbial person with no experience, with no training wheels. A firm such as CAM demands that an SA1 assume responsibility for a lot of the deal from the get-go. You’re no longer just summarizing for someone else to read, you’re summarizing for yourself. Drafting the actual Share Purchase Agreements and the complex Shareholders Agreements. You’re on tight negotiation calls with opposing counsel and working out how to defend your customer’s indemnity limits without blowing the negotiation.
An SA1 also must oversee the younger associates. The raw data that you get from the A1s has to be translated into actionable legal guidance for a challenging private equity client. You are the link between the daily work of the associates and the strategic management of the partners. The firm must have individuals who don’t need all the time and attention. They are looking for lawyers who can identify a commercial problem before it turns into a huge legal mess.
Working in the Reality of the GenCorp PE Desk
So here’s the truth about Tuesday night on a Tier 1 law firm.So let’s be completely honest about what it really looks like being at a Tier 1 law firm on Tuesday night. Not very Hollywood. The cash is substantial and the brand name will open nearly any door in the legal field later on. However, the short-term expense is your own time.
If you work on the General Corporate and Private Equity desk in Bangalore, then you are bound to work on the timeline of the deal. If a client needs to sign a term sheet by Monday morning, you’re working the whole of the weekend. There are pressure cooker situations where several conflicting parties are trying to get a non-compete clause right — and they’re doing so for four hours at a time. You’re going to have to stay completely focused while the rest of the room seems to be losing their cool.
There’s a steep learning curve. You will enter into deep waters of complicated corporate structuring. You will get to understand how foreign direct investment rules actually work in reality in various segments such as fintech, healthtech, ecommerce etc. A significant number of applications will be coming from Tier 2 firms who are looking to get that Tier 1 experience. It’s just that there is a different amount of work here. The risk is greater. This is a $50 million buy out vs a small seed round mistake. It is the lawyers who get worked up over the minutiaies are the ones who are going to make it in this environment, as well as who understands what a private equity fund is investing millions of dollars in the first place. Tough skin is a must. You need stamina. When you are half awake after being awake for only four hours you have to write clear English.
To send your application:
There are no formalities involved in the application process. This first step is done without having to use a complicated portal web. The Company has established a direct line for candidates interested in the position of PE in Bangalore.
Your current resume must be sent straight to the recruitment team. The e-mail address used is cam.bengaluru@cyrilshroff.com.
