Bangalore: International law firm Clyde & Co today announced the formation of an association with ALMT Legal ("ALMT"), which boasts offices in London, Mumbai and Bangalore. The two firms are also looking to merge once it becomes legally permissible under local regulations in India.
Peter Hasson, Clyde & Co CEO said of the association: "We aim to be the first choice firm for business in emerging markets; an Indian capability is key to that. There are already significant business flows between India, the Middle East, the UK, China, Singapore and increasingly Latin America. Clyde & Co has a strong presence in all of these markets. It is, however, not yet possible to operate as a foreign law firm in India. We have found a business partner in India with a similar vision to our own, with whom we can cooperate to continue to offer a first class service to clients."
The companies will work within the existing legal framework to jointly develop Indian business and provide a seamless, fully integrated service operating to common standards. They will share information, harmonise training and set in place an extensive secondment programme to the extent permitted by Indian regulations.
ALMT is a full service Indian law firm providing Indian expertise with an international capability from its three offices and through affiliate offices in other cities. It's London office is fully staffed with Indian qualified lawyers providing advice on matters relating solely to Indian law thereby strengthening Clyde & Co's capability and capacity to provide Indian legal advice on all matters relating to Indian law and jurisdiction.
ALMT partners, including the two UK based partners, will be available to work alongside Clyde partners on joint projects in a range of sectors including Infrastructure/Energy, Transport, Insurance, International Trade, Finance and Foreign Direct Investment.
Joining up with ALMT bridges Clyde & Co's capabilities from the Middle East to the Far East, enabling both firms to capitalise on the significant opportunities presented by the Indian market and assist in establishing a joint platform for the further development of Indian business both within and outside India. [08/06/09]
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