Holywood News

Multinational corporations strengthen hiring internal legal teams

Mumbai: The Indian subsidiary of multinational corporations is greatly strengthening their internal legal sectors in response to an evolving regulatory environment, enhanced domestic trading activity and a global push to diversify supply chains from traditional hubs.

“The growth of such tasks has increased by 20-25% over the past year, driven by regulatory shifts, ESG (Environmental, Social and Governance) focus and market expansion strategies,” said Karl Fernandes, senior partner and head of Vahura. “We are currently working on several proactive tasks in various fields such as pharmaceuticals, consumer goods, technology, manufacturing and financial services.”

The company is investing in experienced legal professionals with experienced market experience to help them lead to a growing business and policy landscape in the changing technology, tariff conflicts, geopolitical tensions and ongoing discussions in India’s trade deals with the EU, the UK and the US, as well as in the changing technology, tariff conflicts, geopolitical tensions and the ongoing discussions in India.
This month, the U.S.-based venture capital fund General Catalyst Partner appointed Rashmi Shivashankar as legal director for its Indian operations. Shivashankar was formerly the legal director of XV Partners Advisors India (formerly the Sequoia Capital India).

Around the same time, Bibhav Pradhan joined Beiersdorf AG, which owns personal care brand Nivea, as its general counsel in India. He used to be in Unilever. In February, Heena Singh, a corporate partner at law firm Talwar Thakore & Associates, joined Arcelormittal’s Indian division as head of the legal department.


Ritambara Vasudeva, regional director of executive search firm Michael Page, said India is becoming a key growth market for multinational corporations, leading to investment in the law. “The expectation of in-house lawyers will be an active consultant to local and regional management given the evolving regulatory and compliance scenarios as well as geopolitical scenarios,” said Vasudeva.Michael Page, who handles about a dozen of such authorizations. Hindustan Unilever served as executive director of legal and corporate affairs in February. He was previously the global general counsel for Dr. Reddy’s laboratory. Last November, Sharad Kumar joined consumer electronics technology company Philips as head of the Indian subcontinent after leaving Lexster Law as a founding partner. Pooja Bedi, who worked for Philips, joined food and beverage company Mondelz as chief consultant India in May last year.

Rayan Modi, director of BDO Execuce Search, said local subsidiaries of foreign companies like to hire leaders with a deep understanding of regulatory compliance, including corporate law, labor law, intellectual property law, rights and tax laws. “The growth in hiring senior legal positions is also evident not only in India’s multinational subsidiaries, but also in the international footprint of Indian companies,” said Jyoti Bowen Nath, managing partner at executive search firm Claricent Partners.

She said clear people are currently offering clients several roles to hire.

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