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London has hundreds of top tier global law firms and ten thousands of corporate lawyers.

India is a big country. Even though our corporate legal market is booming.

But the whole country has lesser numbers of corporate lawyers than a city like London
read up more on why london is a financial hub, big bang margaret thacher etc. you'll get the answer.
India has some of the worst economic laws especially on the penal consequences so people are fine with paying minimal penalty or manage it or delay it. Even today in cases fought on merit, the costs awarded in a court are merely in thousands and very rarely go into lakhs.
💯 India will be a global financial hub the day India abandons socialism.
You mean we should stop doling out free food to 80cr people and also stop giving free houses and toilets?
UK's per capita income is $50k whereas India's is $2.6k. Can you, by any stretch of imagination, justify a similar demand for legal services?