IndiaLaw LLP

The news was recently abuzz with Hyderabad being recognised as one of the top 10 fastest growing cities in the world between 2019-2035. It was also cited as one of the strongest performers, according to a global economic research report. Hyderabad also recently replaced Mumbai to join the top three cities when it comes to attracting talent. Club this with the fact that the legal industry was in fact featured among the top five fastest-growing industries in the second half of 2018. No wonder that quite a few law firms are eyeing the city for establishing their offices. However, any such ambition will have to be clubbed with a new approach to the city. This is especially in view of the fact that several tier-1 law firms have in the past tried to exploit the city’s market but have failed, leading to shutting of their offices. In contrast, the city has also witnessed thriving practices, with firms opening not one but two offices in Hyderabad. What are the second category of firms doing ...

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 Beng...