“Competition for Indian law firms will increase but on the other hand I expect charge-out rates for Indian law firms to significantly improve from the present levels.”
“Despite the challenges, the entry of foreign law firms is necessary, as the Indian economy grows, particularly with investments from outside of India.”
“I expect legal markets to grow by about three to four times in the next 10 to 12 years. We need foreign law firms as they have the bench strength and capability to handle this growth.”
“As Indian corporations grow stronger, there are also increasingly aspirations for them to venture overseas, all that too requires foreign law firm support.”