MUMBAI: As the Indian executive debates and formulates laws to allow foreign lawyers to practice here, big foreign law firms are scoping the market for talent and acquisition targets. Global recruitment firms that have so far remained fringe players in the area are beefing up their legal practices as firms like DLA Piper, Baker & McKenzie, Allen & Overy, Linklaters, Jones Day and Gibson Dunn show interest in mapping Indian corporate legal professionals.
Foreign law firms at the moment are keen on identifying talent in niche areas synergistic to their existing clients with Indian presence or little law firms with low-cost structures and a small presence in major cities, said recruitment experts contracted by foreign firms almost on a quarterly basis for updated reports on Indian lawyers.