Categories:India & Pakistan

Clifford Chance and India's AZB ditch 'best friends' tie-up

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  • India's legal industry excels primarily in legal process outsourcing. High-end intricate transactions are normally best handle by London magic circle law firms.

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  • Just because you are magic circle does not mean you handle transactions better - you just have more resources which is not always a good thing. CC is driven by profits pure and simple and if they can't make money out of a venture they dump it.

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  • Short sighted partnership, immature divorce! Loss of credibility for both.

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  • CC was not smart in entering into the deal in the first place with a large (by Indian standards!) firm. I have worked with AZB and certain other large Indian firms and can say that while some of the individuals are smart lawyers, they are not upto city lawyer standards, probably because of too much work, too little training anobd no incentive in the firm on quality. They are better paid than their counterparts in London but are working in a very different environment. Wonder what was CC thinking, merging with AZB later?

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  • Good for both CC. I think they sd try out what Freshfields & Linklaters hve done in India. They can certainly do it. For AZB so long as they remain single leader firm they cannot progress to second level.

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