How much should you be paying for legal advice in India?
Five years ago, Ashok Sharma, now president of the Indian Corporate Counsel Association, welcomed India Business Law Journal’s initiative to publish Indian law firms’ billing rates. The first survey, Sharma said, would “go a long way towards establishing transparency and dispelling many myths surrounding hourly billing rates”.
Over the past five years, we have received unwavering support from in-house counsel at companies such as Videocon Industries, Jones Lang LaSalle, Yum! Brands, Dabur, Intercontinental Hotels, Siemens, Federal Express, Turner General Entertainment, CRISIL, Wockhardt, Bombardier Transportation, Times of India, Nestlé India, DHL International and Bharti Enterprises, as well as encouragement from prominent lawyers and business executives for our research.
Such solid backing has spurred us on. This year, again, corporate counsel offered vociferous support for India Business Law Journal’s sixth annual survey to promote billing transparency and accountability. Shruti Dvivedi Sodhi, director of legal at Colt Technologies, says a list of legal fees “will be very welcome and will give a fair idea of the rates across firms and engagement models”.