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There are very few firms in India with dedicated International Arbitration (IA) practices. These teams are already fairly large, and therefore competition for a position is stiff. Add to the mix the significant number of returnees from foreign LLMs looking for IA jobs in India, and things get even more competitive.

The foreign job market in IA is cutthroat, with competition from highly qualified foreign students and lawyers for a very small number of roles. The two primary routes to a job in IA abroad are a training contract and an LLM. The latter route would in all likelihood only lead to internships (and not permanent roles) at IA practices. You can then try to convert these internships into an Associate role.

It is quite unusual to see foreign firms hire IA associates directly from Indian firms- I cannot think of any recent examples.

In my experience, being qualified in a second jurisdiction will not (by itself) make a significant difference to your prospects of being hired, although it will definitely benefit your practice. There are a number of courses (equity and trusts, commercial remedies) that we did not study in law school in india that you may need to be familiar with as an IA lawyer, especially if you work in a common law jurisdiction. Qualifying in a second jurisdiction (like England and Wales) will help with that.