Alternative patterns rival hourly billing as legal fees escalate. Vandana Chatlani reports

The rupee’s tumultuous journey over the past few months may have upset deal-making in corporate India but, luckily for the country’s lawyers, currency woes have had little impact on the pricing of legal services. Indeed, some have profited from the depreciation. “As most of our clients are based out of India, the fall of the rupee has obviously increased our revenue,” says Diljeet Titus, the managing partner at Titus & Co in New Delhi.

The rupee crunch has “helped us maintain or even cut down our rates in dollar terms a little bit,” says Gautam Khurana, the managing partner at India Law Offices in New Delhi.

Wise clients purchased rupees overseas and remitted their legal dues in the currency, “thereby pocketing all the exchange rate profits,” says an amused Rajan Gupta, a partner at SRGR Law Offices.

Others have been less fortunate. Noida-based Fidus Law Chambers requires new Indian clients to pay a foreign associate’s estimated dues in advance for projects outside India and then remits those fees once it receives an invoice from overseas. “Even a few days’ holding time impacted us severely this year because of the daily currency fluctuations,” says managing partner Shwetasree Majumder.

You must be a registered user or subscriber to read this article

If you are already a registered user or subscriber, login here.

该部分内容仅提供予《商法》注册用户或者订阅会员。

如果你已经是我们的注册用户或者订阅会员,请在此登录:

You can also register or subscribe to unlock the content.

你也可以注册或者订阅去解锁内容。