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Law Firms Ink Big Deals in Hot India Market
The soaring Indian economy is generating tons of work for U.S. law firms, from IPOs to overseas acquisitions. Prevented by law from setting up shop or practicing in India, many coordinate work from Singapore or London. The work is lucrative despite the downward pressures on rates from some Indian clients. And Abrar Hussain, a senior counsel at Akin Gump Strauss Hauer & Feld, notes that while the growth in China is largely government-fueled, India's is driven by external financing such as private equity.