Clyde & Co announces association with Indian law firm ALMT Legal
International law firm Clyde & Co has announced the formation of an association with Indian law firm ALMT Legal, which has offices in London, Mumbai and Bangalore.comments powered by Disqus
The two firms will work within the existing legal framework to jointly develop Indian business. The firms will share information, harmonise training and set in place a secondment programme.
Local regulations in India do not currently permit a merger with an international firm but the two firms will look to merge once it becomes legally permissible.
ALMT's practice areas include Banking, Finance, Tax, Corporate, Capital Markets, Employment & Labour, Foreign Direct Investment, Commercial, Immigration, Insurance, Intellectual Property, Dispute Resolution, Mergers & Acquisitions, Outsourcing, Trusts & Estates and Property. The London office of ALMT 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.
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. Critical to this is that we have confidence in the people and share a similar vision and outlook. This association will facilitate some ALMT lawyers joining Clyde & Co. There is a very strong alignment of values and approach together with agreement over development plans. Our clients are already seeing the benefits of this relationship".
ALMT commented: "Clyde & Co has a strong emerging market presence, in particular the Middle East and SE Asia. The firm has a similar ethos and we have known and worked with several partners over a number of years. With this association, we have the ability to contribute and develop each others practices whilst giving Indian clients access to international quality advice in a seamless and efficient manner."