The Indian Lockstep

Bar & Bench August 19 2009
Indian Lockstep

There seems little doubt that the buzzword among the Indian law firms this year is "lockstep" with many of the larger players putting in place some form of lockstep or the other. While there is not much visibility on the actual mechanics of most of these locksteps, given that there is, at present, no obligation in India to disclose, whatever form it ultimately takes, a lockstep is welcome in the backdrop of years of closed, succession based partnerships that have characterised the Indian legal landscape.

Among the numerous profit . . .

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