Magic circle firm Allen & Overy and its Indian best friend, Trilegal, parted ways late last month, ending a five-year referral arrangement.
The agreement was established to take advantage of the anticipated liberalization of the Indian legal market. The lack of progress towards allowing foreign firms to enter India led to termination of the arrangement.
Trilegal and Allen & Overy hope the move will help them build a wide network of relationships, increasing their opportunities to advise on a broader scope of India-related deals.
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