Conscientia Law Associates: One Stop Solution for all Corporate Needs Date:   Thursday , December 11, 2014 Legal profession in India is the world\'s 2nd largest profession with approximately more than six lakh lawyers practicing in this arena. According to a survey, the industry in India is booming with a real turnover of 3.8 percent in 2014 and expected to increase to 4.9 percent in 2015.The growing demand of this sector has not only led to an upsurge in several acts associated with the booming growth of the companies but has also made legal solutions complicated for the promoters by creating a huge rift between the letters of law and its actual execution. Thus, to bridge this gap and to provide entire gambit of legal support services to the corporate clients under one roof, Conscientia Consultancy Private limited (CCPL) and Conscientia Law Associates (CLA) came into the limelight with its adroit maneuvers in legal services. CLA was set up by K V Omprakash and S. Raghavan to provide end-to-end legal services in both litigation and non litigation areas and extend customized legal advisory services to the clients for their manifold business requirements. CCPL was founded in the year 2006 and was run by qualified and committed professionals who have had exposure in the corporate legal, compliance, secretarial, financial, commercial and regulatory services in domestic and international businesses. One Stop Solution for all Legal Services Conscientia Law Associates offers the facility of a single window for plethora of legal services to the existing and growing faction of companies such as corporate legal advisory & support services, agreements & JVs, company law compliance, mergers & amalgamation, taxation & transfer pricing, RBI & FEMA compliance relating Foreign Direct investment (FDI), labor law compliance, IPR related matters, legal – litigation & non litigation, banking & financial services, employees related services and legal due diligence & corporate secretarial audit. The firm also provides statutory and regulatory services that include obtaining approvals, clearance, permissions & registrations for several government authorities; registering with STPI, EOU & SEZ; extensive liaison with government departments like RBI, STPI, FIPB, SIA, IT, DGFT. Further, to get the ball rolling, CLA & CCPL has become the only legal firm in India that offers accounting and payroll services along with legal services to its clients. Today, CLA has become a one-stop solution for all corporate needs right from incorporation, setting up, obtaining various approvals and running the operation. Understanding Client Requirements CLA\'s core legal team consists of lawyers, company secretaries, chartered accountants, accounting professionals, IPR professionals and more. The team consists of qualified professionals who assist the clients and act as legal back office with quick turnaround. They work in tandem with national and international companies especially Japanese and European companies. To provide corporate services to the Japanese entrepreneurs and companies who desire to establish and set business in India, the firm has a separate Japanese wing. The wing has a dedicated team including a Japanese national to address the Japanese needs and requirement. The firm emphasizes more on SMEs to help them build a strong inbuilt team. It also supports large enterprises by educating them on several projects, helping in filing specific returns with FEMA and providing advisory support. Thus, starting on the right foot and grabbing a strong foothold for over a decade, CLA has served more than 350 companies. The list includes large MNCs, SMEs and other corporate houses pertaining to various domains such as IT, ITES, Energy, Trading, Hospitality, BPO, Manufacturing, Education and other service sectors. In spite of the fact that Conscientia Law Associates has smooth sailing; it still faces their share of ups and downs. Some of the major challenges are getting capital infusion from foreign investors for startups and SMEs as it is governed by FEMA, lot of compliance are required to be done under RBI guidelines. The lack of awareness among the promoters/foreign investors and coordination with the Authorized Dealers (banks) has been one of the major concern Under FEMA compliance. \"Achievements and numbers could have been better but we are doing well to give tough competition in the space. Acquiring more clients and building cordial relationship with the clients is our prime focus. We believe in educating the clients and giving practical solution. This initiative has not only helped the firm to grow but also helped us to achieve the target,\" says K V Omprakash, Founder, Conscientia Law Associates. Geographic Expansion With offices in Bangalore, Chennai, Hyderabad and Madurai, CLA and CCPL is looking-forward to go extra mile and open offices in New Delhi, Mumbai and Pune, In the upcoming years it is also planning to leave its footprints in international market by opening offices in Singapore and Dubai.