Internship Experience at IC Universal Legal, Chennai: Mergers and Acquisitions Research & Drafting Work, Due Diligence

Name of the Student, College, Year of Study

Poorthi Balakrishnan, National University of Advanced Legal Studies, Kochi, 4th year.

Name of the Organisation

IC Universal Legal, Chennai, Tamil Nadu.

Location

South Wing, 4th Floor, Kakani Towers, 34,15, Khader Nawaz Khan Rd, Nungambakkam, Chennai, Tamil Nadu 600006.

Duration of Internship

21st November 2019- 13th December 2019.

Method of Application

I applied by sending my CV to the HR Manager at nidhi.bhaiya[at]icul.in

Office Timings

Monday to Friday 9:00 am – 6:30 pm. The weekends are off.

First Day formalities, First Impression, Infrastructure

I was asked to meet the HR who made me sign a Non-Disclosure Agreement and then I was given a formal introduction to all the associates. Interns are provided with a laptop to carry out the tasks assigned to them in the course of the internship.
The office is a very warm place to work. The ambience of the office is very good and the set up encourages people to work.

Main Tasks

1. Legal Research on Mergers and Acquisitions, stamp duty payable on marketable securities.
2. Legal Research on compliances which have to be carried out by laboratories.
3. Verifying documents for Due Diligence for target companies.
4. Helped in Drafting a Legal Opinion.
5. Wrote Articles on recent Acts, Amendment Acts for their Instagram page.
6. Preparing forms to be filed.

Good Things

The firm is extremely good as they provide a lot to research to be carried out to the interns and they acknowledge the hard work of the interns. The associates are very friendly and they guide interns and help them out with their tasks. I was given an opportunity to learn some secretarial work which is very useful as I am pursuing CS at present.

In the 3 weeks of my internship, I was able to discover my interest in company law and that I would like to work in a corporate firm. The office follows a very professional working environment which encouraged me to work harder. I truly enjoyed this internship. If a person is interested in a full-fledged corporate internship then they should try interning in this firm.

Bad Things

I had no such experience. It is a very good firm to intern at.

Stipend

No stipend generally.

Accommodation, Commuting to the Office

The firm is located in Nungambakkam, which is one of the very well connected places in Chennai. There are PG’s nearby and ola and uber can be availed if a person is staying far away.

Lessons Learnt

This firm truly taught me to enjoy the work I do. It helped me understand my love for corporate law and now I am sure that I would like to specialise in corporate law.