Multinational Law Firms in India

«DJ Chak embodies the perfect combination of English expertise in international finance and local market knowledge to ensure effective and efficient collaboration with local businesses and clients/counterparties. DJ is not only technically excellent, he is also responsive, efficient and friendly, bringing a presence that is always calm and measured to the most difficult negotiations. Virtually all of those in the top 15, and many among the largest and most significant player categories, have devoted resources, talent and energy to the Indian market for over 20 years, building long-term relationships with Indian companies, financial institutions and law firms. Indian companies have entered and conquered new markets, and their growing experience and maturity have led to multi-billion dollar deals. In a previous issue of The Practice (see Strategy in Law), Robert Couture wrote about market segmentation, arguing that whatever the strategy, it is important for companies to have one and that it be clearly defined (see «Post-recession strategies»). In the wake of the global financial crisis, strategic growth – or contraction – problems have manifested themselves around the world, with countless companies choosing to close global offices rather than open them. «Since the financial crash, a lot more work has been done to ask, `What is the business case for opening this office?` As a result, law firms have been slower to open new offices,» Steele notes. In fact, in recent years, a number of firms have closed offices in countries such as China (more on this under The Chinese Legal Profession). In this context, foreign companies are naturally closely following developments in the debate on legal market liberalization in India. If the market were to open up, additional possibilities for legal work would open up for external companies. So we asked our interlocutors how a foreign law firm handles this possibility. *For certain governmental, corporate, commercial and other matters, Duane Morris may work with law firms based in India.

BYRNE PCB Dispute Resolution Boutique specializes in banking and financial services litigation, civil fraud and asset recovery, corporate and financial crime, regulatory and compliance, commercial litigation and arbitration. Priyanka Kapoor, who has dual qualifications in India as well as England and Wales, leads the practice in the Middle East and Asia. Kapoor regularly advises multinational corporations, corporations and entrepreneurs on transactions and litigation related to operations in India, Asia and the Middle East. The company has close relationships with Indian banks and has worked for them on various regulatory matters involving regulators and law enforcement agencies in several jurisdictions. Kapoor provides strategic advice on matters relating to allegations of corruption and investigations under the UK Bribery Act and the Overseas Bribery Practices Act, in order to combat money laundering and cybercrime. The Reed Smith LLP team, which «really understands how businesses in India like to be advised,» is led by Gautam Bhattacharyya, who is «very popular with Indian clients, businesses and banks,» and Bobby Majumder in Dallas, who is also highly rated. The company`s global reach, combined with its established relationships with Indian companies, makes it an attractive choice for issues ranging from financing and restructuring to disputes. It has international banks and investors in India in a variety of industries on its client list and acquisitions and corporate work are also part of its offering. At the junior level, Victoria Spillkin is also known in London for her expertise in dispute resolution. When asked how U.S. and U.K.

companies might approach market liberalization differently, neither Nelivigi nor Steele saw this as an important factor in differentiating how companies would plan or behave. «It`s a legitimate question, but it`s hard to put it in those terms,» says Nelivigi. «There are general differences between the US and the UK, of course – for example, the UK has a relatively smaller market compared to the US market, and so there is a general tendency for UK companies to be more international than US companies – but the distinction is not as clear.» These large differences may lead to observable trends, but there are more relevant factors among foreign firms that could give a taste of how liberalization would develop. As Steele explains, «It depends on the type of business.» White & Case Pte. LLC. is highly rated not only for its knowledge of the Indian market, but also for its customer service; «The use of research tools and legal innovation make it a leading law firm.» It also demonstrates a commitment to diversity; It meets Diversity Lab`s Mansfield Rule certification criteria for its efforts to hire women, black lawyers, and LGBTQ+ lawyers.

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noviembre 2022


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