Family Trusts need a rethink: DPDP, PMLA rules collide with informal promoter structures
Abhijit Joshi, Founder and Managing Partner of Veritas Legal, spoke to ET Prime on the forces reshaping Indian business and the legal profession – from the regulatory pressure on family trust structures under the DPDP Act and PMLA amendments, to the commercial translation required in PE diligence across promoter businesses, to the deliberate choice Veritas has made to use AI as a quality enhancer rather than a cost-reduction instrument.
The interview also covers succession in first-generation law firms, the evolution of the managing partner role, and what Veritas looks for in the next generation of lawyers.
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