Dear Editor,
Given our competitive world and the reality of foreign law firms sooner or later entering India, the article Heir to the throne? published in your December 2012/January 2013 issue is both timely and relevant.
The adage “survival of the fittest” will hold good for those law firms which are more amenable to adopting global standards, which in my opinion should be based on the following principles: corporatization; seniority among the workforce of professionals based on merits; and a well-structured team where responsibility and authority go hand-in-hand with specialized, timely delivery of services.
As a general counsel with around 28 years of industry experience, my personal take on the article is that there has to be an overall shake-up in the way that family and promoter-run law firms deal with their clients. Their work ethic should be attractive to clients both from a legal and financial standpoint and should be tailored to meet clients’ objectives.
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