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Aspiring Lawyers - Interviews & Vacation Schemes
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Law firm expansion into India
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<blockquote data-quote="optimistic_undergrad" data-source="post: 210161" data-attributes="member: 40388"><p>Being a law student in India, I am a bit aware of this situation. The Bar Council of India is trying to find ways to open up the door for foreign law firms to operate in India, however, many elite lawyers and law firms oppose this idea. There is currently a huge barrier to entering the Indian legal industry. I hope it might change in the near future, but changes are something that takes a while to happen in India. The only international law firm that I know operates in India is Dentons. However, Dentons does not have an independent practice in the country; rather, it has a tie-up with a local law firm and therefore, Dentons operate under the name of Denton Link Legal in India.</p><p></p><p>Don't get me wrong. There is a huge market in India. A market that is highly profitable for law firms and is driven by a huge domestic demand. It is the conservative elements of the Indian legal industry who are not willing to share a piece of their pie. To further strengthen the will of the elite Indian lawyers and law firms, there is the bureaucratic problem that is quite integral to the administrative structure of India. Bottom line is that India is a potential market, and IF it opens its door, you will see a full-on competitive race between the biggest law firms in the world for capturing the market.</p></blockquote><p></p>
[QUOTE="optimistic_undergrad, post: 210161, member: 40388"] Being a law student in India, I am a bit aware of this situation. The Bar Council of India is trying to find ways to open up the door for foreign law firms to operate in India, however, many elite lawyers and law firms oppose this idea. There is currently a huge barrier to entering the Indian legal industry. I hope it might change in the near future, but changes are something that takes a while to happen in India. The only international law firm that I know operates in India is Dentons. However, Dentons does not have an independent practice in the country; rather, it has a tie-up with a local law firm and therefore, Dentons operate under the name of Denton Link Legal in India. Don't get me wrong. There is a huge market in India. A market that is highly profitable for law firms and is driven by a huge domestic demand. It is the conservative elements of the Indian legal industry who are not willing to share a piece of their pie. To further strengthen the will of the elite Indian lawyers and law firms, there is the bureaucratic problem that is quite integral to the administrative structure of India. Bottom line is that India is a potential market, and IF it opens its door, you will see a full-on competitive race between the biggest law firms in the world for capturing the market. [/QUOTE]
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