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Overview
The Indian legal market remains anchored around Mumbai and New Delhi but continues to mature and in the nature of mandates handled by its law firms. With some of the largest corporates - such as Tata and Reliance - now based in India, and an increased appetite among multinationals to invest in India, competition for legal work is intense.
While full-service heavyweights such as AZB & Partners, Amarchand & Mangaldas & Suresh A. Shroff & Co, Luthra & Luthra and J Sagar Associates dominate the markets in New Delhi and Mumbai, other niche firms such as Karanjawala and Company, Tuli & Co and Anand and Anand perform well for dispute resolution, insurance and intellectual property respectively.
New firms continue to emerge as groups or individual lawyers leave larger firms; in 2011, perhaps the most notable of these was Mumbai-based Clasis Law, which was formed following a breakaway from ALMT Legal.
While foreign firms are not permitted to establish offices on the ground, many have a focus on India, with an increasing number having dedicated India teams, and routinely have informal referral relationships with domestic firms. While Allen & Overy LLP retains a strong referral relationship with Trilegal, a number of other so called “best friends” relationships between firms have been loosened as cross-referral work has dried up and the anticipated liberalisation of the market seems a more distant prospect. Clifford Chance’s termination of its “best friends” relationship with AZB & Partners is arguably the most high-profile casualty, although the firms remain on good terms.
Search News and Articles
Press releases
Legal Developments in India
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Options – Not a Part of History Yet
At the time when India is completing two decades of the economic liberalization there are several laurels which the policymakers can boast of. The path-breaking shift from the license-raj to a regime focusing on regulation introduced by the Government of India in the landmark year 1991 have been continued through further economic reforms and the same has also found support from the regulators and the market players. -
Liberalization Back on Track with the Relaxation of Share Transfer Norms
Soon after the rollback of the much criticized aspect of the Consolidated Foreign Direct Investment policy dated October 1, 2011 which treated foreign investments in Indian securities as external commercial borrowings in case such investments conferred options on the foreign investors, the policy makers have brought more good news for the investor community. -
Capital Markets/ Securities
Certain important and recent legal developments in this area are set out below. -
Cross Border Investments & Transactions
Certain important and recent legal developments in this area are set out below. -
Competition Law
Ankur Exports (P) Ltd. v. Monopolies Restrictive Trade Practies Commission (Delhi) -
Technology, Media & Broadcasting, Telecommunications
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Real Estate/ Property
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Projects, Energy & Natural Resources
Certain important legal developments in this area are set out below. -
Intellectual Property Rights
Certain important case laws in this area are set out below. -
Litigation and Dispute Resolution
Certain important and recent case laws in this area are set out below.
Press Releases worldwide
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Sixth AP Fund divests Xelerated to Marvell
The Sixth Swedish National Pension Fund (Sixth AP Fund) and the other shareholders have sold their holding in Xelerated to Marvell. -
Joost Fanoy strengthens the antitrust & public procurement practice at BarentsKrans
The Hague, February 2012 – As of February 1, 2012 Joost Fanoy has joined BarentsKrans' Antitrust & Public Procurement Practice Group as a senior associate. -
Delphi Östergötland gets new managing partner
From 1 January this year, Delphi gets a new managing partner for Linköping and Norrköping. Oscar Brandin has been with Delphi since 1999 and succeeds Christopher Bona who is stepping down after six years as managing partner.- Delphi -
High Court to rule on Bindmans “locked-in syndrome” case – an issue of interest worldwide!
The case of a severely-disabled 57-year-old man who wants a judge to allow a doctor to “lawfully” end his life reached the High Court on Monday. -
Bindmans immigration lawyer Liz Barratt backs film about Aboriginal Elder
Bindmans client Francis Firebrace is one of Australia’s most original indigenous storytellers and an Aboriginal Elder. -
Carey Olsen delivers an insolvency master class to trust practitioners
More than 90 trust and insolvency practitioners received a master class in various insolvency scenarios relating to Guernsey trusts at a breakfast seminar run by Carey Olsen on Wednesday 18 January at St Pierre Park Hotel. -
The French Competition Authority authorized the merger between the two cooperative...
agri-food groups Agrial and Elle & Vire on October 10, 2011 -
Hengeler Mueller advises bank syndicate on refinancing of Schaeffler Group
Schaeffler AG, a renowned supplier of the automotive industry and the world's leading supplier of mounting rolling bearings and linear products, has concluded a new loan agreement of € 8 billion with a bank syndicate comprising BNP Paribas, Commerzbank, Deutsche Bank, HSBC, JP Morgan, LBBW, Royal Bank of Scotland and UniCredit. -
NYC Marathon raises 18,000pounds for charity
Having completed the New York Marathon Chris Pitaluga and Yvonne Chu-Feetham raised £18,000 for charity - he has donated to RICC £10,000, to Pathway Through Pain £5,000 and to Cancer Relief £3,000. He presented the cheques to the representatives from the various charities (all in the picture).- Hassans -
Penningtons boosts healthcare practice with key partner hire
London and South East law firm Penningtons Solicitors LLP is pleased to announce that it has recruited John Hargreaves to head its healthcare team. John joins Penningtons as a partner from Stephenson Harwood, where he had led the health and care group for the past five years. He will be based at Penningtons' City office.