The Legal 500

India

Editorial

Overview

While 2013 saw India’s economic growth hit a ten-year low, the 2014 election results have led to a renewed sense of optimism in the market, with Narendra Modi’s landslide victory in May 2014 expected to lead to key political and economic reform.

Banking and finance and capital markets work remains quiet, leaving law firms to leverage the government’s heavy investment in infrastructure to maintain a healthy flow of public-sector projects work. Dispute resolution activity is on the rise, as law firms benefited from an increasing flow of India-related arbitrations before the Singapore International Arbitration Centre.

Most leading firms have a nationwide presence. Full-service firms Amarchand & Mangaldas & Suresh A. Shroff & Co., Luthra & Luthra and J Sagar Associates are all dominant market players. Notable boutiques include Tuli & Co for insurance, Anand and Anand for IP, and Karanjawala & Company for dispute resolution. In other news, Singhania & Partners merged with Rajani Associates to form Rajani, Singhania & Partners, a full-service national firm.

With the country’s cross-border transactional activity picking up, foreign firms are strengthening their India desks, although foreign firms continue to be excluded from practising in India, and as such typically maintain desks in India or Singapore, two key hubs for India-facing work.

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