Mumbai, May 28 -- Induslaw, one of India's full-service law firms, has partnered with global legal giant CMS. The deal boosts Induslaw's international reach while giving CMS a foothold in a market that was previously restricted to foreign legal players.
The partnership, announced on Wednesday, comes on the heels of a notification by the Bar Council of India allowing foreign lawyers and law firms to practise in India, with certain restrictions, on a reciprocity basis.
However, Induslaw said its tie-up with CMS had been in the works for over two years. During this time, the firm undertook a detailed review of CMS's operations across various practice areas, work culture, and common clients, before concluding its due diligence, it said.
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