December 5, 2023 at 1:30pm IST | 4pm HKT | 8am GMT | 7pm AEDT

India surprised all with the liberalization of its legal market earlier this year forcing domestic and foreign law firms alike to scurry and deal with a paradigm shift. Today, growth in India has slowed compared to its market boom over the past few years, domestic firms are reassessing their structures, strategies, and market positioning. What does sustainable success look like going forward? Are foreign firms going to continue to be market collaborators or will they soon claw for more market share?

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The Indian market is booming and much of the legal work is being dominated by a small handful of local firms. But as new entrants challenge the established order, traditional Indian law firms are under pressure to adapt.

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When India announced that foreign law firms will now be able to set up shop in the country, even firms that had long eyed the market were caught off guard, writes Jessica Seah in the Asia Legal Briefing. But now they are trying to figure out their next steps. Who will move in? And what will their India operations look like?

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