CASE STUDY
Driving years of success with Practical Law Canada
A partner at the Calgary-based McLeod Law, Rishi Chakraborty is a valuable member of the firmBԪַs business law group, focusing on mergers, acquisitions, and securities transactions. While he has been steadily advancing his career, Thomson Reuters Practical Law Canada has been a big part of that journey, serving as his go-to BԪַ resource. BԪַI have Practical Law bookmarked as a tab when I open my browser,BԪַ says Chakraborty. BԪַAnd itBԪַs always running in the background.BԪַ
Widespread use within McLeod Law
But Chakraborty isnBԪַt the only proponent of Practical Law. ItBԪַs widely used throughout the firm BԪַ so much so that Chakraborty says itBԪַs part of their training and orientation model.
Practical Law is often the de facto starting point at McLeod Law when it comes to answering client queries or finding strategic solutions to unique client challenges. ChakrabortyBԪַs initial response to any associate who asks a question is, BԪַHave you looked at Practical Law?BԪַ
Common uses for Practical Law
While Practical Law offers a wide range of features and capabilities, common uses at McLeod include Legal Updates and Practice Notes. BԪַWe like how the information is kept up to date,BԪַ says Chakraborty. BԪַItBԪַs current, and it cuts down on a lot of research for lawyers across the firm in terms of navigating the current state of the law, practice points, and other items that are continuously evolving.BԪַ Throughout his career, Chakraborty has used various aspects of the tool. Now, as a partner working primarily in an advisory capacity, he finds himself turning to features like BԪַdeal summariesBԪַ in WhatBԪַs Market, which are especially useful in discovering whatBԪַs current in the transaction space. BԪַI find that extremely valuable and productive in my conversations and negotiations with opposing parties and counsel,BԪַ he adds.
Going above and beyond
Just as Practical Law has helped advance ChakrabortyBԪַs career, heBԪַs now using it to go above and beyond for clients. While he has distinct specialty areas, heBԪַs been able to use Practical Law to advise clients in other areas. When questions have come up about cybersecurity or data breaches, BԪַPractical Law gives me the confidence to delve into those areas that I do not frequently practice,BԪַ he says. BԪַAnd because of Practical Law, IBԪַve been able to include that practice area as part of my larger practice.BԪַ Using Practical Law to expand his area of expertise not only benefits ChakrabortyBԪַs career but also enables him to support existing and new clients more effectively and generate additional business for the firm.
A valuable mentor
In the BԪַ profession, thereBԪַs always learning, thereBԪַs always help and advice from those higher up, and thereBԪַs always Practical Law. Chakraborty will attest that he and his firm would be at a disadvantage if they didnBԪַt have this valuable tool at their disposal. He admits that he is where he is today because of Practical Law, BԪַTo a large extent, I would credit my career development to Practical Law.BԪַ
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