Akshay Jaitly on the Making of a Modern Indian Law Firm
Ideas of India · Mercatus Center at George Mason University
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Show Notes
Today my guest is Akshay Jaitly, the author of the recent book, Trilegal: The Making of a Modern Indian Law Firm. He is one of the founders of Trilegal and specializes in advising on energy and infrastructure projects. His research interests include power sector reform, the energy transition and public-private contracting.
We talked about how Trilegal grew in the context of India's market liberalization and sectoral reforms, different partnership structures, delegated legislation, regulatory capture, the alchemy between the founding partners, and much more.
Recorded January 6th, 2026.
Read a full transcript enhanced with helpful links.
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Timestamps
(00:00:00) - 1991 Fellowship (00:01:11) - Intro (00:02:20) - In the Shadow of Liberalization (00:07:28) - Specialization (00:20:55) - Delegated Legislation (00:28:35) - Managing Risk (00:33:30) - Dispute Resolution (00:38:44) - Trilegal's Partnership Structure (00:51:57) - Scaling (00:59:42) - Design or Alchemy? (01:05:08) - Regulatory Capture (01:11:27) - Foreign Law Firms (01:19:08) - Outro