After seven years under the shared banner of “IC Universal Legal,” the duo of IC Legal and Universal Legal has decided to part ways—amicably, mutually, and with a nod to the evolution each firm has undergone. The professional handshake marks the end of a joint chapter and the beginning of two distinct narratives in India’s legal landscape.
The parting statement reads more like a celebration than a breakup. Both firms lauded their collaborative journey, citing mutual respect and the solid foundation they’ve built together. No legal drama here—just a clean, strategic divergence.
Stepping into this new phase, IC Legal isn’t just going solo—it’s scaling up. The firm has launched a spin-off, IC RegFin Legal, a dedicated legal outfit focused exclusively on financial services regulation. With laser precision, the new entity is set to serve clients navigating the complex terrain of SEBI regulations, funds (AIFs, Mutual Funds, FPIs), IFSC GIFT City, exchange control, and more.
At the helm of this freshly minted outfit is Tejesh Chitlangi, former Joint Managing Partner of IC Universal Legal. Known for his deep expertise in the financial regulatory domain, Chitlangi now leads a formidable team of over 125 professionals across India, all under the IC RegFin Legal flag.
Meanwhile, IC Legal, under the continued leadership of Hemant Shah and its existing partners, will carry forward its legacy in core sectors—Litigation and Dispute Resolution (including IBC), Real Estate, Media & Entertainment Law, and Estate & Succession Planning.
So, while one firm branches into financial fine print, the other doubles down on its litigation roots. From joint forces to specialized strategies—this is more than a name change. It’s a strategic recalibration in India’s legal ecosystem.
