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The twin hubs of Mumbai and New Delhi remain the economic engine rooms of India and are consequently the primary locations of the majority of significant law firms in the market. Outside of those two cities Bangalore is another key centre for legal practice and, given the city’s reputation as ‘the Silicon Valley of India’, is the site of a good deal of venture capital and TMT work.
Full-service firms such as AZB & Partners, Amarchand & Mangaldas & Suresh A. Shroff & Co., Luthra & Luthra and J Sagar Associates dominate the markets in New Delhi and Mumbai, but specialist firms such as Karanjawala & Company, Tuli & Co and Anand and Anand perform well for dispute resolution, insurance and intellectual property, respectively.
Foreign firms continue to be excluded from practising in India, and with the previously anticipated liberalisation of the market now seeming to be a distant prospect, the majority of formalised ‘best friends’ relationships with Indian firms have been severed. One notable exception to this is Talwar Thakore & Associates’ ongoing relationship with Linklaters LLP. However, while foreign law firms remain excluded from the market, many of them have established dedicated Indian teams.
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