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 country.
When it comes to startups, most law firms believe in catching them young and
watching them grow. Determined to work in close tandem with them, a few firms
in fact now have special divisions to deal with the specific growth and legal
requirements of startups, helping them at every stage of the process. It is the
faith that these startups would someday transform into the giant businesses,
and would take their respective law firms along on the ride!
For more details visit the following link Law Firm Bengaluru.
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