Clyde & Co’s India-based alliance firm ALMT Legal is to open an office in Delhi in a effort to expand its international practice.
Clydes chief executive Peter Hasson said: “The relationship with [us] has given ALMT the confidence to make [this] investment.”
Clydes announced its alliance with ALMT last year (The Lawyer, 4 June 2009). Local bar rules prevent too close a relationship between the two firms, but they have pledged to exchange information and put in place joint training programmes.
Hasson said the firms also operate a secondee programme between Clydes’ Middle East offices and ALMT’s Mumbai base, which provides both parties with a string of referrals. The relationship, he added, “provides a way for ALMT clients to get into the international marketplace”.
He added: “The key to this relationship is not formal structure. We spent a lot of time looking for a firm that shared a view with us on how it wanted to develop.”
Clydes held a meeting with ALMT in the summer, at which the UK firm expressed an ambition to see ALMT build a litigation team and expand into marine law.
The Delhi hub will form a critical part of Clydes’ international network as a stop-gap between its Middle East and Far East bases.
ALMT has recruited a team of three, led by partner Vineet Aneja from Luthra & Luthra, for the new base.
Aneja aims to bring in 10-15 mostly corporate lawyers in the first year.