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New Delhi: Entertainment Network (India) Pvt. Ltd's Legal Head
and Company Secretary, Anil Fernandes has been designated as one
of Asia's best in-house legal advisors by Asian Legal Business (ALB)
magazine, the only independent magazine dedicated to the latest
legal news, events and developments in the Asia-Pacific region.
The recent accolade to Anil's credit includes his contribution
towards making the company's IPO a success in a span of about 5
months from decision making to listing, which included among others
a reduction of capital.
Following the trend in developed legal markets around the world,
Asia's in-house profession is growing in number, stature and influence,
as companies recognise the value of integrating strategic legal
advice as part of the day-to-day running of their businesses - with
the added advantage of cutting back on external legal costs.
However, this is not coming without a fight. In-house lawyers are
being forced to justify the value they can provide, and bring about
large changes in organisational culture to bring them closer to
the role of forward-looking, strategic legal risk managers, rather
than just advisors or dealing with company decisions after the fact.
These in-house trail-blazers are also faced with the difficulties
of operating in a fast-developing, emerging legal market, marked
by constantly evolving regulation and legislation, coupled with
the associated legal grey areas - and even black holes.
However, as ALB discovered in its survey, Asian in-house lawyers
are measuring up with their global counterparts, becoming heavily
involved with senior management decisions and even going so far
as to influence government policy.
In-house practitioners - in a blow for private practice lawyers
- also claim to be gaining more job satisfaction from being more
closely involved with their business objectives than during past
private roles when they were kept at arm's length.
About ENIL: Entertainment Network (India) Limited (ENIL) is India's
first pure play radio broadcasting company to be listed. ENIL launched
its first radio station in the city of Indore on October 2001. At
present Radio Mirchi is operational in 10 cities i.e. Mumbai, Delhi,
Kolkata, Chennai, Hyderabad, Bangalore, Jaipur, Indore, Ahmedabad
and Pune.
Radio Mirchi is considered to be the leader in the private FM radio
industry and will shortly be operational in twenty-two additional
cities.
Asian Legal Business (ALB) is the only independent magazine dedicated
to the latest legal news, events and developments in the Asia-Pacific
region. With coverage on all the important and emerging areas of
practice and business, ALB provides the most updated legal and business
news from in and around the region.
Each issue contains in-depth features examining changes in legislation,
important areas of practice, overseas jurisdictions along with revealing
profiles of major industry leaders.
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