The Legal 500

Share this page




India is a vast country, enormously rich in natural resources and human resource capital. With a robust legal and financial system and a strong domestic consumption story (including a 300 million young, educated and affluent middle class population), India has emerged as one of the top most investment destinations and growth stories of the world.

Recognising India’s potential to grow even faster, the Government of India (GOI) has recently introduced a series of initiatives and measures to improve the environment for doing business in India such as the ‘Make in India’ campaign along with ‘Ease of Business Policy’. The main objective of these initiatives is to make India a global manufacturing hub. The GOI has also introduced an ‘eBiz Portal’, which is intended to improve the business environment in the country by enabling fast and efficient access to Government-to-Business (“G2B”) services through a single window online platform. As a result it is very convenient and time saving to set up and operate a business in India under the new regime.

Read more…

Legal Market Overview

At the time of research, it was a year since Narendra Modi was elected Prime Minister of India. His pro-business approach brought a renewed sense of optimism to the country and made a positive impact on the legal market. Key reforms have been introduced allowing increased foreign investment in sectors such as rail and defence, deregulation of fuel prices, and private competition in coal mining. India’s economy has stabilised, mainly due to the drop in oil prices, but further important reforms are yet to be implemented and these remain crucial for sustained economic growth.

Law firms report that banking and finance and capital markets work remain quiet as the necessary reforms to galvanise the financial sector have not yet been implemented, resulting in the continuation of lack of new loan availability. Corporate and M&A has had a mixed year as businesses remain cautious about new mandates. On the contentious front, activity in the dispute resolution arena has a healthy outlook with firms receiving a steady flow of new cases, particularly in the context of international arbitration. Projects work is also providing fertile ground for instructions, thanks to state investment in infrastructure.

The biggest news in India’s legal landscape in 2015 has been the dissolution of India’s largest law firm Amarchand & Suresh A Shroff & Co. As a result, two new firms have launched by the firm’s former managing partners and brothers, Shardul Shroff and Cyril Shroff. The former now runs Shardul Amarchand Mangaldas & Co, and the latter has opened Cyril Amarchand Mangaldas. Already, they make up a significant part of the competitive legal market together with other key players such as AZB & Partners, Luthra & Luthra, J Sagar Associates, Trilegal and Khaitan & Co.. Boutiques Tuli & Co (for insurance), Anand and Anand (for IP) and Karanjawala & Company (for dispute resolution) are also worthy of note. Following the demerger of Rajani, Singhania & Partners in late 2015, name partners Prem Rajani and Ravi Singhania now head up Rajani Associates and Singhania & Partners respectively.

Foreign firms continue to request permission to operate in the country, and the Bar Council of India has agreed (in principle) to stop opposing their entry ‘provided there is a reciprocal action by foreign governments’. With India’s significant amount of cross-border activity, international firms are following these developments with close attention.

Chadha & Chadha IP

Chadha & Chadha IP is an ISO 9001:2008 certified intellectual property firm with its head office in New Delhi and nine branch offices across India. The practice traces its history to 1967 and has evolved for over four decades to become one of India’s most prominent IP firms.

Interview with...

Law firm managing partners and practice heads explain how their firms are adapting to clients' changing needs

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in India

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • Lower VAT On Hotel Services In Montenegro

    An important piece of regulation has been introduced in Montenegro recently, through the reduction of VAT on catering services in four stars hotels (in the north of the country) and five-star hotels (on the seaside), which will be effective from 2018. According to media reports, Olivera Brajović, General Director of Tourism Development and Standards in the Ministry of Sustainable Development and Tourism, pointed out that these reduced tax rates on services of preparing and serving food and drinks are expected to raise the overall competitiveness in the hospitality sector, while at the same time contribute to the combat against grey economy.
  • Karanović & Nikolić Joins The NextLaw Global Referral Network

    Karanović & Nikolić is pleased to announce that it has joined the NextLaw Global Referral Network, created by global law firm Dentons. We are particularly excited by the fact that Nextlaw presents a new type of network, with a unique invitation-only approach in their selection, ensuring that all of its members have the highest quality standards and a proven track record of excellence.
  • Sweet Smell Of Success - Serbian Sugar Industry Consolidates Its Forces

    After more than a four months and a Phase II (in-depth) investigation, the Competition Commission gave conditional approval, to Sunoko's acquisition of the Star Šećer company and its subsidiary Te-To - the owner of the sugar factory in Senta. No divestments have been required from Sunoko.
  • New Bridge Over Danube To Be Built In Belgrade

    News reports are informing us that Belgrade will gain another bridge over the Danube river in the near future – this one at the Ada Huja island and over three kilometres long.
  • Nikola Tesla Airport To Acquire Sava Centar?

    Media outlets have recently been reporting on the possibility that Nikola Tesla Airport will acquire Sava Centar (SC), with the purpose of turning it into its company headquarters. This acquisition would be followed by an investment of over EUR 30 million in the next three years for the building's reconstruction and adaptation. Such a decision would result in Sava Centar changing its name to "Congress Centre Nikola Tesla Airport", with an expanded array of facilities, including a tower, a shopping mall, and a hotel. The funds for the investment in question will be hailing from the Airport's own assets.
  • Too Big To Hide – European Commission Sanctions Truck Cartel

    Global competition law circles have recently been shaken by the European Commission's record-setting fine of EUR 2.93 billion for collusion on the automotive market, imposed against Volvo, Daimler, Iveco and DAF trucks. The sanctions in question varied amongst the accused parties, with Daimler facing the largest penalty in the amount of more than EUR 1 billion on its own. Iveco's fine was set at EUR 494 million, DAF's at EUR 752 million, and Volvo's fine has been set at EUR 670 million.
  • Cartel Office ensures greater competition in rail sector

    The German railway company Deutsche Bahn must allow for more competition. The Bundeskartellamt, Germany’s Federal Cartel Office, found that the company had abused its dominant market position with respect to the sale of rail tickets.

    Eterna Law (representative office in Almaty) announces the beginning of co-operation as a legal adviser with the Public Association "Academy of Preventive Medicine of Kazakhstan."
  • LAG Sachsen-Anhalt on video surveillance at the workplace

    Video surveillance at the workplace does not inevitably give rise to claims for damages. That was the verdict of the Landesarbeitsgericht (LAG) Sachsen-Anhalt [Regional Labour Court of Saxony-Anhalt] (Az.: 6 Sa 301/14).
  • Final stretch for loan withdrawal

    Those who still want to withdraw from real estate loans concluded between 2002 and 2010 should take action now while the right of withdrawal is on its last legs. This get-out-of-jail-free card is set to lapse shortly.