Striving for excellence since 2014, Lex Favios is a full-service Law Firm dedicated to offering legal consults and services to its vast clientele under the dynamic leadership of Mr. Sumes Dewan, Founding & Managing Partner. The inspiration behind setting up a law firm was Mr. Sumes’s aim to do justice to his passion of providing all-inclusive services and inculcate the strategies he believes in.
Mr. Dewan started his legal career with Singhania & Co. in the year 1996 and then continued the journey as a Partner with renowned law firms such as K.R.Chawla & Co., Fox Mandal Little, and Desai & Diwanji. Presently, he holds over twenty years of experience and specialisation in Foreign Investment in India, Corporate Laws, Banking & Finance, JVs, Cross Border Taxation Issues, Banking and Finance, Real Estate, and SEBI Takeover Regulations.
He is one of the few lawyers in India to be admitted as an Honorary Fellow of the Association of Fellows and Legal Scholars. Apart from several other honourable memberships, he has also been nominated by the Asia Law Leading Lawyers survey consistently from 2007-2014 as one of the most highly acclaimed legal experts in Asia-Pacific in Capital Markets & Corporate Finance.
Throughout his career, Mr Dewan has been recognized countless times for his remarkable work over the years, which includes being selected in Acquisition International’s Leading Adviser 2019 and 2020 where he was righteously awarded the accolade Leading Banking and Securities Lawyer of the Year, India. He has also been nominated as a leading lawyer by numerous global publications and has been consistently awarded numerous awards including “Lawyer of the year” awards by various organizations.
Lex Favios & Service Portfolio
Lex Favios is a full-service Law Firm in India, the Firm has offices in Delhi and Mumbai. It provides multi-professional services in Foreign Investments in India, Cross Border & Non-Resident Taxation Issues, Private Equity, Banking & Finance, Hospitality, Litigation & Dispute resolution, and has built its forte in M&A, PE, Capital Markets and Project Finance.
The Firm represents clients across sectors including Manufacturing, Telecommunications, Education, Banking, Housing Finance Companies, Hospitality, Information Technology, Consumer Products, Media & Entertainment, Real Estate, Retail & Franchising, Taxation.
Throughout the years, the team at Lex Favios has worked alongside a diverse range of clients, including Godrej Consumer Products Limited in the FMCG Sector, whilst in the Hospitality industry represents businesses such as Carlson Group of Hotels, Intercontinental Hotels, Accor Group of Hotels and Marriot Hotels. In the Banking & Finance domain, the Firm represents State Bank of India, Reliance Home and Aditya Birla Finance. Lastly, on the Infrastructure side, Lex Favios represents key clients such as Trina Solar, China, Steel Authority of India, and National Hydel Projects.
Hiccups on the Way
international tie-ups and affiliations. where Lex Favios provides services in different jurisdictions with seamless cross-border transactions. Growing rapidly, the Firm already has offices in Delhi and Mumbai and plans to now establish an additional office in Bangalore within next year and is also looking to spread out to other cities. The Firm is determined to expand into new practice areas of Intellectual Property & Indirect Taxation.
The Support System behind the Successful Journey
The key challenges of the Firm has been to provide retaining the legal talent in The Firm determined toseize the skyrocketing outbound investment opportunities, the Firm is dealing with several Some of the key reasons behind Mr Dwan’s success have been determined, focusing on the passion to provide quality legal advice. He was mentored by some of the leading lawyers such as Harish Malhotra, Senior Counsel, Ravi Singhania, and Diljeet Titus, who played a key role in the formative years in his career, wherein Sumes was exposed to diverse areas of legal practice.
Besides, he established a Professional and Personal Network and created a diverse network of professional colleagues and mentors who advised and advised and guided him, and then the most important factor was to maintain integrity at all times. Further, being persistent, persevering, and determined has played a key role in formulating Mr. Sumes’s legal career.
Daily Routine & Hobbies
Mr. Dewan is an early riser, and his day begins at 6 a.m., with regular visits to the gym or home exercise, which sets the tone for the entire day and helps him retain the necessary focus and stay energised during the day.
The entire day is spent dealing with clients, continued legal advice, managing the Law Firm, and dealing with both issues of Law, and also focussing on expanding the Law Firm. The day ends at 10.30 p.m., after spending some quality time with the family and reading.
Mr. Sumes loves reading books, books have become an integral part of his life. Apart from reading books, playing chess is another hobby, which he indulges when he gets time.
Favourite Books : “The 5 a.m. Club” by Robin Sharma and “License to Live” by Priya Kumar.
With Mr. Sumes Dewan leading the way, the Frm looks to have a bright and promising future ahead of them. Aside from establishing a strong client base, delivering exceptional services, and exceeding expectations, the company is keen to expand its global footprint, looking at ways of setting up additional offices in other cities throughout India. Currently, the Firm is in the midst of hiring legal experts in different areas of practice, to offer services to both new and existing clients in diverse areas of practice. Also, the Lex Favios team hopes to offer new areas of practice to its clients in the years to come.
Milestones Along The Journey
Sumes Dewan is one of few lawyers in India to be admitted as an Honorary Fellow of the Association of Fellows and Legal Scholars, Centre for International Studies; and Member of Congress of Fellows of the Centre for International Legal Studies. He has also been nominated on the Direct Taxes and Intellectual Property Committee of Assocham (Chambers of Commerce in India. He has been nominated by the Asia Law Leading Lawyers survey 2007, 2008, 2009 2010, 2011, 2012, 2013, and 2014 as one of the most highly-acclaimed legal experts in the Asia-Pacific region in the practice area – Capital Markets & Corporate Finance.
Advice to Aspiring Female Entrepreneurs
Have a clear vision. It is easy to get distracted with so many things and that struggle is always part of any new beginning.