Walker Clark
Worldview Archives
Eight Things for Indian Law Firms to Think About
As part of our ongoing experiment to test the potential value of artificial planning in law firm management, we asked the newest version of our chatbot, openai GPT-4, what Indian law firms should be considering in their planning for the incursion of foreign law firms into the Indian legal market.
The response outlined eight good starting points.
Preparing for the Trojan Horse
As reported recently in this blog, Indian lawyers anticipate a liberalization of restrictions on foreign lawyers and law firms in the near future; although the concept is not without opposition from some members of the profession. Walker Clark clients elsewhere also have had to respond to the effects that the entry of foreign lawyers and law firms have in markets that previously were largely insulated, either by local market conditions or by regulatory design, from foreign competition.
Our experiences advising national and local firms in these markets suggest five basic questions that lawyer and law firms should ask as they start planning to meet these new competitive challenges.
Five Asia-Pacific Legal Markets to Watch in the Next Five Years
This is the first of a series of six posts that will be published over the next three months and that will report our firm's analysis and forecasts for five Asia-Pacific legal markets that we believe will offer the greatest growth in the demand for legal services from international law firms and well-established national and local firms.
An Open Indian Legal Market: Opportunity or Threat to Indian Law Firms?
The Bar Council of India is about to approve rules to permit foreign lawyers to practice in India. National and local law firms in India are already concerned about how the entry of foreign lawyers and law firms could change the competitive dynamics of the Indian legal market.
