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Squeezed by intensifying competition, and facing an increasingly savvy clientele, law firms in India need to raise their game as soon as possible, particularly as the spectre of legal market liberalisation nears. Raj Gunashekar speaks to a cross-section of Indian firms – Luthra & Luthra, which is among the country’s largest; midsized outfit Phoenix Legal; and recent entrant Vertices Partners – to find out how they see the market evolving in the immediate future.
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