Thu, 23 May 2013
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Ashurst shuts Delhi branch in wake of Lawyers Collective judgment
At poster 2 (from poster 1).
I do not doubt that the Indian Partners are more motivated by greed, I did not intend to be moralistic or preachy.
But your point on a monopoly operating in the Indian market is absurd.
Is it in India that the top four firms take all the lucrative work?
It is the Indian Government who use the same small pool of law firms (effectively the same 4 firms)?
Has it been the regulators of the Indian legal market who have created barriers to entry, that have caused wage inflation to grow to a ridiculous over the last couple of years. The wage inflation has been so great that firms have had to get rid of far more people than they would have preferred to in a down-turn, because of the ridiculous level of salaries?
Will Indian law firms not help Rio Tinto and Microsoft save millions because the legal market in the UK is overpriced for the value it actually adds?
It is the Indian legal market that does not complete on price because it has an over-inflated (and perhaps narcissistic) view of itself?
Perhaps you should present a more consider view, as to which market operates as a monopoly, rather than informing us of your ill-conceived notions of the Indian legal market, of which you have little or no real information.
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