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According to one source, CMS has had several tie-up discussions with other Indian firms over the past 12 months.
CMS already has an India desk headed out of London by corporate partner Babita Ambikar, whojoined the firm in 2020 from the now-defunct Singapore office of DWF, where she was partner and head of the firm's India practice.
On entry, CMS will become the second international firm to establish a presence in India.
In 2022, Dentons announced a cooperation agreement with Indian law firm, Link Legal, becoming the first international law firm to have such an agreement with a domestic Indian practice.
Months later, the Bar Council of India (BCI) separately announced that it will take steps to liberalize its legal market. While rules to do so are still largely unclear, lawyers say, BCI further announced in June plans to implement amended regulations governing the entry of U.K. lawyers and law firms to the Indian legal market.
A CMS spokesperson said in a statement: "CMS has a long history of working with Indian businesses through our CMS India Group and has strong ties to the Indian legal community. India is a key growth market for us, and we remain open to exploring opportunities in the region. However, we have no updates to share at this time."
Founding partner IndusLaw, Avimukt Dar, said: "IndusLaw has built strong connections with many foreign and international firms over a period spanning a couple of decades. Following the developments over the last two years, and the news that foreign law firms will enter India, we think that the Indian law firm space is set for some interesting developments.
"IndusLaw is watching the space and working on its strategy to address this sector defining event. At this point in time IndusLaw will not comment on any rumours or speculation and will continue to focus on excelling at the work it does for its many clients both in India and abroad."
Source: https://www.law.com/international-edition/2024/10/28/cms-in-tie-up-talks-with-indian-law-firm/