Why Law Firms Are (And Should Be) Flocking To Bengaluru
Nicknamed the “Silicon Valley of India”, Bengaluru is popular as the startup hub of India. The city’s growth has also been phenomenal, with India’s Business Reform Action Plan, 2017 – a joint initiative between the World Bank and the Department of Industrial Policy and Promotion (DIPP) – naming Karnataka the 6th best Indian state in terms of ease of doing business. This is primarily because Karnataka has established a single window system for project approvals and has digitized the registration process with most ministries. These startups require legal guidance at every step of the process, from incorporation to deciding on the shareholding, and raising capital, to ensuring compliance with the laws. Quite naturally, this also means that startups and law firms need to work in close liaison in order to ensure that these startups are always on the right side of law. It is this liaison that is encouraging law firms to open their offices in Bengaluru, the startup hotspot of the