Legal Expenses Market in India
The demand for legal services exists in times of adversity as well as growth, as is evident from the Covid-19 situation. Even before 2021, legal costs in India were rising with each passing year but dipped in FY 2021 which was still 12.42% higher than FY 2019. Market difficulties, regulatory responses, stimulus programmes, changes in employment, and other stressors provide potential sources of demand for legal services. India has acquired a reputation of an expensive legal system. For perspective, India’s GDP in 1991 was $266 Billion and is expected to cross $5 Trillion by 2025. Such growth in the economy runs parallel to growing legal complexity. India’s booming unicorn landscape has been a catalyst for a higher than ever investor & founder disputes. Debt and equity financing, private equity, mergers and acquisitions and venture capitalists are some areas that are witnessing increased commercial cases and arbitrations. This spectacular economic growth will fuel the Indian market f