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Isn’t there merit in staying in the firm since the tie up was happening?
With the BCI’s new rules such partnerships are only going to become more common place. So then what would be the reason for senior attorneys to move on.
Press release:
> CMS has announced that INDUSLAW, one of India’s top full-service law firms, has become a CMS member firm. CMS INDUSLAW expects to complete on-boarding by the end of 2025.
> This represents a natural evolution for CMS and INDUSLAW, combining complementary strengths and working styles. It will enable CMS to deliver seamlessly coordinated, complex cross-border legal services. It marks a significant milestone in CMS’s global growth strategy, enhancing its capabilities in one of the world’s most dynamic and rapidly expanding legal markets.
> INDUSLAW lawyers will support multinational CMS clients looking to enter and operate in the Indian market, while the more than 6,800 CMS lawyers in over 45 countries around the world will support clients wanting to expand internationally from India.
> INDUSLAW has a presence across India’s principal commercial hubs, including Bengaluru, Delhi & NCR, Hyderabad, Mumbai and Chennai. With 60 partners and more than 400 lawyers, INDUSLAW advises many of India’s leading corporates including over 50% of the country’s unicorns established in the last decade.
> CMS is an international organisation of independent law firms, with each of the firms respecting the legal and regulatory requirements of its jurisdiction, combining deep local market understanding with a global mindset. In line with the CMS model, INDUSLAW remains an independent law firm under the CMS brand.
> India has become the world’s fourth-largest economy and is projected to become the third-largest by 2027. Its increasingly globalised economy creates a growing need for international legal advisers with deep local insight. CMS’s global reach combined with INDUSLAW’s domestic expertise will enable clients to benefit from integrated support across corporate transactions, regulatory matters, disputes, capital markets, technology, intellectual property and more.
> This announcement also comes at a pivotal moment, as recent regulatory developments are expected to significantly open up the Indian legal market to foreign firms. This puts CMS in an advantageous position to establish a robust, locally rooted yet internationally connected offering.
> Duncan Weston, Executive Partner at CMS, said: “This is a significant step in CMS’s expansion across Asia and globally. With India’s economy being increasingly integrated into the global economic system, the need for agile, forward-thinking legal advisers capable of bridging local and international jurisdictions has never been more critical. With INDUSLAW now a CMS member firm, we can offer clients a coordinated, full-service legal platform in India, one of the fastest growing and most strategically important markets in the world.”
> In a joint statement, Avimukt Dar, Gaurav Dani, Kartik Ganapathy and Suneeth Katarki, the Founding Partners of INDUSLAW added: “This is another milestone in the history of our firm. Joining CMS not only aligns with our strategic goals but enhances the value that we offer to our clients as well as our fee earners. This reflects our shared vision to offer effective and world class legal solutions with global perspectives. While we will continue on our journey as a leading full-service Indian law firm delivering exceptional client service and thought leadership, we now also enjoy the support of CMS to bring to the table the ability to offer a coordinated global offering for our clients. We look forward to driving growth, innovation and collaboration across borders.”