Are India's law firms responsible for their own competitive disadvantage?
- hace 14 horas
- 1 Min. de lectura
Lexington´s Moray McLaren was a speaker at the launch of The Future of the Indian Law Firm: Structure, Market, and Reform, hosted by the Vidhi Centre for Legal Policy in New Delhi.
At the launch event, senior participants noted that the profession’s current structure may constrain growth at a moment when India has significant geopolitical and economic momentum. The opportunity for Indian firms is substantial. Many have built impressive capability, but long-term competitiveness may depend on evolving beyond founder-led models into durable institutions capable of attracting capital, investing in technology and competing globally.
Change is already underway, but the central question was whether it will be directed through formal reform or allowed to develop indirectly through the back door.
The debate comes amid strong interest in the Indian market from alternative providers and foreign law firms, and at a time when other jurisdictions are modernising ahead of accelerating AI-driven transformation.
In his remarks, Moray emphasised that delay and internal division may pose greater risks than reform itself, observing that in professional services markets it is rarely helpful when a sector’s principal constraint is internal rather than external.
