An interesting interview earlier this week with new Allen & Overy India Chairman…
Jonathan Brayne
The WSJ reports that he was in the country earlier this month to meet his counterparts at Trilegal, a domestic firm with which Allen and Overy has a client referral agreement.
In an interview, he spoke about the emerging trends and opportunities in corporate law practice in the backdrop of the economic downturn and about tie-ups between Indian and international law firms.
WSJ has published edited excerpts from the interview
How has the economic crisis affected the practice of corporate law and the business of law firms?
The economic meltdown has affected law firms… There is a significantly lower deal volume now. Most corporate lawyers rely on volumes of deals and the combination of all these factors means that there is much less activity going on than there used to be. That is a big impact on our business and that of any of the major Indian law firms as well. These are just inevitable consequences of the slowdown in activity that has impacted the real world.
Full interview
http://www.livemint.com/2009/01/30002134/India-holds-a-huge-opportunity.html
