The legal sector in India has the mindset that liberalization is an opportunity not a threat. A survey by Allen & Overy found, reports THE ASIAN LAWYER, that 96% of those polled favor opening the market to foreign firms. The reasons include providing themselves with more access to global business and more career mobility for their own lawyers.
Right now, GDP growth has slowed a bit in India. But no one is underestimating its entrepreneurial spirit to identify and develop commercial potential. The Indian innkeeper in the British film comedy "The Best Exotic Marigold Hotel" envisions starting a service through which other nations will outsource their aging to his country, where he will find them housing. Also in the film, the British healthcare system outsources procedures such as hip replacements to India. That's how one of the characters winds up at the Marigold Hotel and has a classic internal paradigm shifts that opens her to a new career path.
Who knows, the next major film dealing with India could be about a bunch of lawyers from Skadden who join in a merger with an Indian law firm and wind up simplifying parts of law, making it less expensive and therefore more accessible. Think about it as the LegalZoom approach for B2B.