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| Roles and Importance of Law Firms in India |
The
secular federal republic of India maintains a notable reputation in respect of
the legal services also, and currently, it enjoys the second-largest magnitude
of legal professionals in the world, with over 6 lakh lawyers and solicitors. According
to the 2012-13 economic survey (helmed by the Ministry of Finance, Govt. of
India), the market of legal services in India grew by an average annual rate of
8.2% between 2005 and 2012, and the size of this reached the level of US $1.3
billion in year 2017. In future years and decades, the scenarios of the legal
services in India are strongly expected to become better and booming, owing to
the facts and factors mentioned in the paragraphs below.
