Awareness and importance about India’s legal industry continue to hold surprising sway among lawyers and clients, both inside and outside the country. Expertise is flourishing in new practice areas such as competition law, environmental law, international trade law, outbound foreign direct investment, including restructuring and insolvency. A growing count of firms is also exploring alternative pricing models, heralding a not-too-distant day when alternate pricing arrangements may be preferred as against the hourly billing model. Many large and mid-sized law firms are aiming to form a pan-India presence, adding more practices and expanding their reach by acquiring smaller firms………………..
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