IC Legal and Universal Legal Split After 7 Years; IC Legal Launches IC RegFin Legal
IC Legal and Universal Legal, which operated under the shared brand 'IC Universal Legal' for more than seven years, are now moving forward as independent entities. IC Legal also announces the formation of IC RegFin Legal, a specialized legal entity focusing on financial services regulatory practice.
Ic LegalUniversal LegalIc Regfin LegalFinancial ServicesLegal PracticeReal EstateJul 04, 2025
This decision has been made mutually and amicably, with a shared recognition that both firms have grown and evolved in ways that make this a natural and positive step forward. The two firms are proud of the work accomplished together and grateful for the strong foundation built during their collaboration with a shared history marked by mutual respect and professional synergy, IC Legal stated in its release.
As part of the new chapter, IC Legal has announced the formation of a specialized and independently operated legal entity - IC RegFin Legal, which has been created to enhance operational efficiency and provide a deeper sectoral focus by housing IC Legal’s financial services legal regulatory practice.
Tejesh Chitlangi, the Joint Managing Partner of the erstwhile IC Universal Legal and an expert in the financial services legal-regulatory space, will be spearheading IC RegFin Legal’s current 125+ pan India team as its Managing Partner.
The FS Practice of IC Legal has created a strong leadership in the Indian market with a reputation of consistently holding the numero uno position in several practice areas like Funds (including AIFs, Mutual Funds, FPIs etc.), SEBI Regulatory practice covering all regulated intermediaries, Financial Services Litigation & Disputes, IFSC GIFT City regulatory regime, exchange control laws, etc., and with an ever-increasing focus on creating similar market leadership in allied practice areas like venture capital, private equity, M&A, structured credit, corporate real estate, banking & finance, etc.
IC Legal will continue to operate under its existing established brand/set-up and inter alia continue to focus on its core practice areas and further strengthen its market leadership in the fields of Litigation/Dispute Resolution including IBC practice, Core Real Estate, Media & Entertainment Laws, Estate & Succession Planning laws, and related practice areas. IC Legal will continue to function under the leadership of Hemant Shah and the other partners.
Frequently Asked Questions
What was the shared brand under which IC Legal and Universal Legal operated?
IC Legal and Universal Legal operated under the shared brand 'IC Universal Legal' for more than seven years.
Why did IC Legal and Universal Legal decide to go independent?
The decision to go independent was made mutually and amicably, recognizing that both firms have grown and evolved in ways that make this a natural and positive step forward.
What is IC RegFin Legal?
IC RegFin Legal is a specialized and independently operated legal entity created to enhance operational efficiency and provide a deeper sectoral focus on financial services regulatory practice.
Who is leading IC RegFin Legal?
Tejesh Chitlangi, the Joint Managing Partner of the erstwhile IC Universal Legal and an expert in the financial services legal-regulatory space, will be the Managing Partner of IC RegFin Legal.
What are the core practice areas of IC Legal post-independence?
IC Legal will continue to focus on Litigation/Dispute Resolution including IBC practice, Core Real Estate, Media & Entertainment Laws, Estate & Succession Planning laws, and related practice areas.
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