Talent Retention: A Big Conundrum
With the rise of the new East, emerging economies of Asia are undergoing a tremendous transformation. With the continued inflow of foreign direct investment and major policy changes, businesses are flocking to capture the opportunities presented by increased customer base. This is intensifying the competition for talent and leadership – a trend that is cutting […]
Acquisitions as an Exit Strategy in Indian Law Firms
For most businesses in India as elsewhere, acquisitions are seen as a tool to further growth and diversification. For law firms as well, acquisitions are often seen as a method by which the acquiring firm is able to venture into new practice areas while achieving cost synergies brought on by the increased scale of operation. […]
The Evolving Role of General Counsel in India
“The good lawyer is not the man who has an eye to every side and angle of contingency, and qualifies all his qualifications, but who throws himself on your part so heartily, that he can get you out of a scrape.” Ralph Waldo Emerson What are the essential qualities of a good lawyer? Someone who […]
Fragmentation v Consolidation in Indian Law Firms
Competition is the driving force that rules fragmentation and consolidation of law firms in India. Fragmentation and consolidation should ideally perform a three-fold function that mitigates risks in the legal services realm and gives sustainable protection to clients, public interests and law firms themselves. While a fragmented market and a consolidated market may present different […]
Should Lawyers Retire?
When the managing partner of a law firm was asked about what he feels regarding the retirement age of partners, he responded that “Lawyers never retire, they just drop dead!” This candid statement sums up the thought which most lawyers go through with the onset of their gray hair. While the issue of retirement is […]
Foreign Law Firms and the Indian Legal Market
The topic of liberalization of the Indian legal profession has once again gained steam to become a hot point of conversation, both in India and globally. The new Indian government has pro-liberalization lawyers at the helm of the ministries of Law and Finance. India has the third largest GDP as per the Purchasing Power Parity Index, […]
Innovative Associations
India’s prominence on the global stage continues to grow. Its economy is ranked third in the world on the basis of purchasing power parity and is growing at the fourth-fastest rate, while eight Indian companies occupy slots on the Fortune 500 list and most Fortune 500 companies have a presence here.
Current & future trends in the Indian legal services marketplace
A flourishing legal industry is growing in lockstep with one of the world’s most dynamic and fastest-growing economies, creating extraordinary opportunities for lawyers and law firms. Here’s everything you need to know about the remarkable growth and incredible future of the Indian legal market.