New Delhi, Oct. 17 -- India's growing prominence as a base for Global Capability Centres (GCCs) is now giving rise to a new trend - the expansion of Global Legal and Compliance Centres (GLCCs).
These centres are transforming from back-office units into strategic engines driving legal innovation, governance excellence, and multinational decision-making.
Currently, around 10% of India's 1,800 GCCs host legal and compliance functions - about 180 GLCCs employing nearly 6,000 lawyers across sectors like banking, pharmaceuticals, retail, technology, and energy.
"What were once seen as back-office support units are now strategic hubs," said Ananya Sanyal, strategic partner at Counselect.
Fortune 500 companies such as JPMorgan, Societe Genera...
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