Career Biography

Nekzad R. Dhunjibhoy is the General Counsel at the Narotam Sekhsaria Family Office, a group of companies owned and controlled by the Narotam Sekhsaria family (NSFO) and, with the benefit of 18+ years of work experience, looks after all of NSFO’s legal affairs (which includes supporting NSFO’s business teams and investee companies on corporate matters, M&A/ VC/ private equity transactions, finance and ending transactions, real estate transactions, commodities transactions, regulatory and litigious matters; preparing and pdating various internal policies and rotocols; advising on internal restructurings; engaging and managing external legal counsel, etc.) As such, Dhunjibhoy is a part of NSFO’s senior leadership. Dhunjibhoy serves as an executive and non-executive director on the boards of various NSFO entities. Dhunjibhoy is also a member of Salaam Bombay Foundation and Ambuja Cement Foundation, non-profit organisations supported by NSFO. Dhunjibhoy has worked with NSFO for over five years.

How do you motivate and manage the other members of your legal team well?

Until recently, our legal team was a team of one. It has doubled in size only earlier this year and we are now a team of two. So there may not be a lot to say here, but if I were to simplify the philosophy in dealing with people I would just say “treat people the way you would want to be treated”. This philosophy has worked for me while dealing with my colleague in the legal team, members of other business teams, investee companies, external counsel, opposing counsel, counterparties etc. If I had to elaborate I would try to include the following principles in my interactions with colleagues:

Treat everyone with respect – even in high-pressure times of angst, stress and frustration; define goals and instructions clearly, set realistic timelines, take regular feedback and updates so that I am on top of things, understand and then explain the broader picture, deliver negative feedback as encouragement; model work-life balance and lead by example so that I am working late if my team is; and my team is not if I am not; Recognise and celebrate success and achievement, even something as simple as a team lunch to celebrate a closing or calling out a colleague for his excellent work on a group call; Be available and approachable, even when I don’t really have the bandwidth to chat; Encourage colleagues to take ownership of their work and develop a sense of independence, leave room for errors and allow the team to discover learnings from those errors. This is admittedly easier said than done; and Lastly, just ask them how they are doing. Each person is fighting their battles, and having a meaningful conversation with a colleague often brings people closer and makes them feel heard, relevant and respected. Do this genuinely though, not unmeaningfully.

Are the effects of AI on the legal world overplayed, or underplayed?

The effects of AI on the legal world are complex, and whether they are overplayed or underplayed depends on the perspective and specific context.

Some argue that AI’s current capabilities are overhyped because it cannot replace the nuanced judgment, empathy, and ethical decision-making that human lawyers and judges bring to the legal system. Law often involves grey areas, where precedent, morals, ethics and societal values must be balanced – these are areas where AI might struggle. AI may primarily be effective in repetitive or document-heavy tasks like contract review, legal research or sifting through voluminous data dumps. In complex litigation, strategy, or negotiations, and trial work, or even VC/ PE/ M&A transactions and negotiations its utility may be far less transformative, so it may be premature to think that AI will “replace” lawyers soon.

On the other hand, AI is already revolutionising legal workflows in terms of speed, accuracy, and cost-effectiveness. By automating time-consuming tasks, it allows lawyers to focus on higher-level work. For example, AI-driven tools for predictive contract generation can significantly increase efficiency and minimise errors to create a first draft. Automated legal advice, self-help tools, and AI-powered platforms for dispute resolution or advice on policies or procedures could increase access to legal advice for individuals who cannot afford traditional legal representation. Also, AI’s ability to analyse vast amounts of legal data could lead to faster informed decision-making – for example, in case of voluminous due diligences, review of title records, etc. Lastly, in theory, AI together with blockchain technology could play a role in standardising land/ property title record-keeping in future.

The effects of AI are still evolving, and the legal fraternity may be slower to adopt change. While technology will likely augment many aspects of legal practice, it may not be advanced enough as yet to fully replicate the human elements crucial to the practice of law. While the impact of AI could likely be significant in the long run, we are, in my view, still a few Terminator sequels away before Skynet takes over the courtroom.

Amusingly, some of this answer was written with the help of AI.