64 sats \ 5 replies \ @siggy47 29 Jul \ on: 'No Entry' to giant global law firms in India econ
I have no specific knowledge of the Indian legal system. I was never a big firm legal cog in the machine anyway. But, I do know that big US law firms are always looking to expand to other countries, and they will put up with a lot of red tape and barriers to beat their competition as a first mover. I wouldn't be surprised to see more trying in the future. Lawyers love bureaucratic, regulated systems. They will also perceive the high barriers to entry as an advantage.
I imagine Indians will enter American law schools in huge numbers, if they haven't already, if there's a premium for their regional knowledge.
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Lawyers love bureaucratic, regulated systems!
India can surely be a big blue heaven for American law firms but I just don't understand why they aren't coming here? Either they don't see Indian market lucrative or they think they can't beat 'hut lawyers' of every Indian court? To say that bureaucracy is what holding them off is a lie because these are such big firms that they can surely find a way out for a market that allows them to do business
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Yes! That's right! But I'm talking about individual independent lawyers who sit under a shade inside the courts. They don't leave anything for big firms! A survey says that there are more than 1 million independent lawyers in India and this number is regularly increasing.