Law firms picking regulatory brains for niche advice
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Synopsis
This is different from the trend of retired senior bureaucrats joining company boards as advisers as a goodwill gesture because of their long relationship and broad understanding of a particular sector.
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Increasingly complex and overlapping regulation and guidelines are leading law firms and head-hunters to set sights on hiring regulatory officials.
This is different from the trend of retired senior bureaucrats joining company boards as advisers as a goodwill gesture because of their long relationship and broad understanding of a particular sector.
Several large and small law firms have recently hired veterans from the Reserve Bank of India (RBI), the Securities and Exchange Board of India (Sebi), Insurance Regulatory and Development Authority of India (IRDAI), the tax and police departments to help clients deal with the complexities.