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Phoenix Legal

1-3 FLOOR, 254 ,, OKHLA PHASE 3, NEW DELHI, 110020, INDIA
Work +91 11 4983 0000
Fax +91 11 4983 0099
Chennai, Mumbai, New Delhi

Saket Shukla

Work +91-11-49830000
Phoenix Legal


Saket Shukla’s practice specialises in M&A, JVs, private equity and complex corporate and commercial transactions across a range of sectors.

Saket Shukla is a co-founding partner of Phoenix Legal, one of India's fastest growing law firms. Saket specialises in complex advisory and transactional work across various sectors (nuclear, infrastructure, mining, insurance, broadcasting, etc.) and strategic advisory through different phases of doing business in India. Saket has regularly been representing clients on their India strategy from inception to exits, including high-value acrimonious exits, after successfully navigating through the complexities involved in the Indian regulatory framework. Saket's clients include major international investors, multilateral agencies, promoter groups and public sector undertakings.

Saket takes a keen interest in the social sector and is advisor to a project aimed at connecting the silk-weaving communities with designers/artists-in-residence to match their craft with current fashion. Saket also represents, an alternative model for news which is public-sourced, funded and powered.

Chambers & Partners reports that Saket "understand[s] what I am asking for and translate[s] that into simple advice that I can immediately use."


Where trained:
May 1997 to April 2000 - Associate in Kochhar & Co, New Delhi, India
April 2000 to March, 2004 - Senior Associate at Trilegal, New Delhi, India
April, 2004 to October, 2008 - Partner at Trilegal, New Delhi, India

Year qualified: 1997
Year made partner in present firm: October 2008 (Founding Partner)
 Awards and Citations:

  • Chambers & Partners 2018 quotes that he is "very pragmatic, solution-oriented and demonstrates the ability to meet clients' requirements." He is particularly adept at handling project-related transactions.
  • Legal 500 Asia Pacific 2018: Sakethas ‘a great ability to see the bigger picture and solve problems while keeping the legal constraints in mind’.
  • Who’s Who Legal says: Saket Shukla is a pre-eminent name in the Indian insurance and reinsurance field, with a wealth of knowledge on distribution advisory work and joint ventures.

Publications of note:

  • Panelist at the "IFLR India FDI Forum 2011" held in Singapore
  • The India chapter for Gas Regulations (Global Competition Review) 2004 Edition.
  • The India chapter for The Preston Gates Guide to Telecommunications in Asia, 2005.
  • "Mergers in general insurance sector: soon to be a reality" published in International Business Law Journal March, 2011.
  • "IPOs in the insurance sector: myriad factors at play" published in International Business Law Journal December 2010 – January 2011.
  • Presented a paper on M&A in the 2007 Asia law India Summit held in Delhi and on an Infraline organised conference on "India’s search for Energy Resources World-Wide; Some Successes and Some Failures: The Search Continues".


English and Hindi


Admitted Bar Council of Delhi


St. Michaels School, Patna

 B.A. (Hons.), Delhi University (1990-1993)
LLB, Faculty of Law, Delhi University (1994-1997)
Master in Business Law, National Law School of India University, Bangalore (2002)


Antitrust and competition

Within: Antitrust and competition

The competition and antitrust practice at Phoenix Legal has experience assisting clients in enforcement, investigations and merger control advice. Co-founders, Manjula Chawla, Saket Shukla  and Abhishek Saxena jointly lead the practice.

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Corporate and M&A

Within: Corporate and M&A

Phoenix Legal has notable expertise in handling investment, corporate, governance and regulatory matters for clients in the financial services, information technology, manufacturing, and infrastructure sectors. Recent work includes advising Quaker Chemical Corporation on the acquisition of the 45% stake in Quaker Chemical India, a joint venture company with Asianol Lubricants, following the latter company's exit from the joint venture. Saket Shukla and Abhishek Saxena are key names to note in the team.

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Within: Insurance

Phoenix Legal's insurance and reinsurance sector practice is primarily acknowledged for its strength in handling insurance disputes. Saket Shukla,  Trinath Tadakamalla and Mrinal Ojha jointly lead the team which counts Bajaj Allianz General Insurance, Bharti Axa General Insurance and New India Assurance among its clients.

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Labour and employment

Within: Labour and employment

The employment team at Phoenix Legal frequently advises companies on a range of matters arising from transactions, as well as providing ongoing advisory support from drafting employment documentation to handling termination of employees. Saket Shukla led a team advising Volaris Group on the pre-acquisition diligence of the Indian subsidiary of Sicap Schweiz. Monster Energy Company and Covance Inc are clients.

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Real estate and construction

Within: Real estate and construction

The real estate department at Phoenix Legal handles a range of contentious and non-contentious matters. The team advised Godrej Skyline Developers on its acquisition of 59 acres of land in Pune for the purpose of development of a residential project. Saket Shukla, Siddharth Hariani and Abhishek Saxena are key names to note.

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