Legal Services Market in India 2012
Publisher Name » Netscribes (India) Pvt. Ltd.
Published Date » 2012-06-28
No. Of Pages » 69
Post the initiation of the Indian Governments efforts towards globalization of industries, the Indian economic landscape has been weathered with phenomenal changes. As the country opens its gates to foreign investments, domestic concerns also tread the lines of expansion. Majority of the demand for legal services stems from corporate sector as increasing number of organizations look at expanding or new entrepreneurs look at setting its foothold in the market. Beginning with setting up an establishment to manufacturing goods and selling them, the entire schema of a business is conditioned with legal procedures. And in order to cater to every legal procedure and regulation, legal services derive its demand. Though the sector is plagued by a gamut of regulations and restrictions in the professional domain, yet legal service sector in India is still marked with sanguine optimism and growth as reflected in its performance even during sub-prime crisis.
The report begins with an introduction to the hierarchical structure of the legal system followed in the country. The introduction section begins with a briefing on the concept of legal services and the types of legal services prevalent in the country. This is followed by a market overview section that provides a description of the Indian legal services market along with its market size and growth. It then narrows down to describe the types of legal services prevalent in the sector. A deliberation on the type of business model adopted in this sector constitutes the following topic of discussion. While the traditional partnership and limited liability partnership model continue to loom large in the sector, it is the innovative lockstep model that has been able to create ripples of legitimate compensation in the sector. The section gets concluded with a Porters Five Forces analysis of the sector.
Brief descriptions of the drivers that help the sector to prosper include demand from corporate entities, legal services related to products, legal services for accidents and lifestyle influences. Setting up an establishment in the Indian market makes it necessary for the companies to abide by all the legal regulations, not following of which makes the company accountable to the court of law. Starting with incorporation laws to that of franchising contracts to commercial trading services, a legal service provider gets sufficient fodder from this corner. Manufacturing activities resulting in the production of goods and services is another potential stimulant for this sector. As a product passes through the life-cycle of innovation to delivery, it gets encapsulated with a set of legal procedures. Packaging innovations to patents to the penultimate stage of pricing and distribution, a product is beset with paraphernalia of legal services, thus boosting its growth as manufacturing activity shoots up.
A significant driving factor in this sector is the scaling up of accidents and fatalities across the country. As India continues to succumb to traffic woes and mismanaged vehicles, statistics reflect accident figures shooting northward. Rising number of accidents gets translated into an increasing number of accident claims. As laws are formulated by putting rights of the people with high priority, claims for accidents are considered, thereby asking for legal help. Finally, in todays world people are vociferous about their needs and wants. While there are couple walking down the aisle, there is an almost raging set of people locking horns over separations. Legal services are required both for solemnizing a marriage as well as for divorce which becomes a latent driver for the sector towards growth as demand heightens. While these factors can be termed as growth drivers, there are certain aspects that act as hindrances to the sector namely shortage of lawyers and slow judicial system.
The next section speaks about the Government participation in the sector which caters to providing brief deliberations on the Bar Council of India, regulations in the sector and restrictions and taxes.
The major trends identified in the sector include entry of foreign law firms in India, legal service goes online, law graduates opting for corporate career, consistent rise in the salaries of lawyers and legal process outsourcing emerging as a viable opportunity.
The competition section offers a competitive landscape of the players by providing their financials and key financial ratios. It also provides basic information regarding the organizations. Key financial parameters constitute the financial performances of the players which are followed by business highlights.
The report concludes with a section on strategic recommendations which comprises an analysis of the growth strategies of the legal services market in India. An initiative towards tying up with marriage portals to get all the marriages registered under the court of law can add up to the market revenues for the services sector.
The report begins with an introduction to the hierarchical structure of the legal system followed in the country. The introduction section begins with a briefing on the concept of legal services and the types of legal services prevalent in the country. This is followed by a market overview section that provides a description of the Indian legal services market along with its market size and growth. It then narrows down to describe the types of legal services prevalent in the sector. A deliberation on the type of business model adopted in this sector constitutes the following topic of discussion. While the traditional partnership and limited liability partnership model continue to loom large in the sector, it is the innovative lockstep model that has been able to create ripples of legitimate compensation in the sector. The section gets concluded with a Porters Five Forces analysis of the sector.
Brief descriptions of the drivers that help the sector to prosper include demand from corporate entities, legal services related to products, legal services for accidents and lifestyle influences. Setting up an establishment in the Indian market makes it necessary for the companies to abide by all the legal regulations, not following of which makes the company accountable to the court of law. Starting with incorporation laws to that of franchising contracts to commercial trading services, a legal service provider gets sufficient fodder from this corner. Manufacturing activities resulting in the production of goods and services is another potential stimulant for this sector. As a product passes through the life-cycle of innovation to delivery, it gets encapsulated with a set of legal procedures. Packaging innovations to patents to the penultimate stage of pricing and distribution, a product is beset with paraphernalia of legal services, thus boosting its growth as manufacturing activity shoots up.
A significant driving factor in this sector is the scaling up of accidents and fatalities across the country. As India continues to succumb to traffic woes and mismanaged vehicles, statistics reflect accident figures shooting northward. Rising number of accidents gets translated into an increasing number of accident claims. As laws are formulated by putting rights of the people with high priority, claims for accidents are considered, thereby asking for legal help. Finally, in todays world people are vociferous about their needs and wants. While there are couple walking down the aisle, there is an almost raging set of people locking horns over separations. Legal services are required both for solemnizing a marriage as well as for divorce which becomes a latent driver for the sector towards growth as demand heightens. While these factors can be termed as growth drivers, there are certain aspects that act as hindrances to the sector namely shortage of lawyers and slow judicial system.
The next section speaks about the Government participation in the sector which caters to providing brief deliberations on the Bar Council of India, regulations in the sector and restrictions and taxes.
The major trends identified in the sector include entry of foreign law firms in India, legal service goes online, law graduates opting for corporate career, consistent rise in the salaries of lawyers and legal process outsourcing emerging as a viable opportunity.
The competition section offers a competitive landscape of the players by providing their financials and key financial ratios. It also provides basic information regarding the organizations. Key financial parameters constitute the financial performances of the players which are followed by business highlights.
The report concludes with a section on strategic recommendations which comprises an analysis of the growth strategies of the legal services market in India. An initiative towards tying up with marriage portals to get all the marriages registered under the court of law can add up to the market revenues for the services sector.
Page 1: Executive summary
Introduction
Page 2: Introduction Indian Legal System
Page 3: Legal Services Definition, Type
Market Overview
Page 4: Legal Services Market Overview, Market Size & Growth (2011-2015e)
Page 5-8: Types of Legal Services
Business Model
Page 9-11: Business Model
Page 12: Porters Five Forces Analysis
Drivers & Challenges
Page 13: Summary
Page 14-20: Drivers
Page 21-22: Challenges
Government Participation
Page 23-27: Government Regulations
Trends
Page 28: Summary
Page 29-34: Key trends
Competition
Page 35-66: Major Private Players
Strategic Recommendation
Page 67: Strategic Recommendations
Appendix
Page 68: Appendix
Page 69: Sources of Information
1. Company profiles
a. Company information
b. Products and services
c. Key people
d. Key Financial Performance Indicators
e. Key Ratios
f. Business Highlights
Appendix
2. Appendix
3. Sources of Information
1. Legal Services Market Market Size & Growth (2011-2015e)
Drivers & Challenges
2. Demand from corporate entities Gross Domestic Product India (2004-2010)
3. Legal services related to products Manufacturing Growth in India (1st half FY 2012- 2nd half FY 2012)
4. Legal services for accidents Road Accidents (2008-2010), Railway Accidents (2007-08 2010-11)
5. Lifestyle influences create legal services opportunities Divorce Rate in India (2005-2010), Wedding Industry Growth in India (2011-2015e)
Major Legal Services Player Profiles
6. Financial Snapshot
Introduction
Page 2: Introduction Indian Legal System
Page 3: Legal Services Definition, Type
Market Overview
Page 4: Legal Services Market Overview, Market Size & Growth (2011-2015e)
Page 5-8: Types of Legal Services
Business Model
Page 9-11: Business Model
Page 12: Porters Five Forces Analysis
Drivers & Challenges
Page 13: Summary
Page 14-20: Drivers
Page 21-22: Challenges
Government Participation
Page 23-27: Government Regulations
Trends
Page 28: Summary
Page 29-34: Key trends
Competition
Page 35-66: Major Private Players
Strategic Recommendation
Page 67: Strategic Recommendations
Appendix
Page 68: Appendix
Page 69: Sources of Information
List of Tables
Major Legal Services Player Profiles1. Company profiles
a. Company information
b. Products and services
c. Key people
d. Key Financial Performance Indicators
e. Key Ratios
f. Business Highlights
Appendix
2. Appendix
3. Sources of Information
List of Figures
Market Overview1. Legal Services Market Market Size & Growth (2011-2015e)
Drivers & Challenges
2. Demand from corporate entities Gross Domestic Product India (2004-2010)
3. Legal services related to products Manufacturing Growth in India (1st half FY 2012- 2nd half FY 2012)
4. Legal services for accidents Road Accidents (2008-2010), Railway Accidents (2007-08 2010-11)
5. Lifestyle influences create legal services opportunities Divorce Rate in India (2005-2010), Wedding Industry Growth in India (2011-2015e)
Major Legal Services Player Profiles
6. Financial Snapshot
Upcoming Reports:
|
Disinfectant Equipments Market - Global Industry Size, Market Share, Trends, Analysis, And Forecasts 2012 - 2018
By - Transparency Market Research
The developing economies provide a significantly large pool for under-served patients, thus representing big opportunities for the leading medical equipment manufacturers. China is the world’s most populated country and home to largest patient base. There are around 120 million people aged 65 and above in need of continuous medical care.
India is the second largest country in terms of population and serves as home to 1.2 billion people. As world population continues to grow, there is a growing demand for healthcare services and disinfectant equipments. Disinfectant...
|
|
Ion Exchange Resins Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2012 - 2018
By - Transparency Market Research
An ion exchange resin is a kind of insoluble type matrix that is very small in size. Ion exchange resins are developed from the organic polymer’s substrate. The surface of ion exchange resins comprises of pores which helps in releasing or capturing ions easily. There are different types of ion exchange resins that are developed according to different characteristics of different type of ions. Ion exchange resins are very useful in water purification, separation processes, and decontamination processes. As a result of such vital characteristics of ion exchange resins it has...
|
|
Oil Shale Market - Global Industry Analysis, Market Size, Market Share And Forecasts, 2012 - 2018
By - Transparency Market Research
Oil shale generally refers to any sedimentary rock that contains solid bituminous materials that are released as petroleum-like liquids after heating by chemical process of pyrolysis. Oil shale is formed by deposition of organic debris and silt on lake beds and sea bottoms. Over a long period of time, this material is transformed into sedimentary rock by heat and pressure. Oil shales are rich in oil content and can be burned without any additional processing.
With depletion in natural resources, the oil shale market is growing in demand due to large availability of...
|
Research Assistance
We will be happy to help you find what you need.
Please call us or write us:
Please call us or write us:
866-997-4948 (Us-Canada Toll Free)
Tel: +1-518-618-1030
Email: sales@researchmoz.com
Email: sales@researchmoz.com
Select License type:
Share this report
Latest Reports
- Bed Linen Markets in the World to 2017 - Market Size, Trends, and Forecasts
- Bed Linen Markets in Europe to 2017 - Market Size, Trends, and Forecasts
- Bed Linen Markets in Eastern Europe to 2017 - Market Size, Trends, and Forecasts
- Bed Linen Markets in Western Europe to 2017 - Market Size, Trends, and Forecasts
- Bed Linen Markets in Asia to 2017 - Market Size, Trends, and Forecasts
- Bed Linen Markets in Americas to 2017 - Market Size, Trends, and Forecasts
- Bed Linen Markets in Africa to 2017 - Market Size, Trends, and Forecasts
- Bed Linen Markets in the Top 10 Global Countries to 2017 - Market Size, Trends, and Forecasts
- Bed Linen Markets in the Top 5 European Countries to 2017 - Market Size, Trends, and Forecasts
- Bed Linen Markets in the Top 5 Asian countries to 2017 - Market Size, Trends, and Forecasts
Related News
|
One-third of Massachusetts Hospitals Facing Financial Downturn
Sep 14, 2012
The healthcare Industry in the United States works as a separate entity and many of the healthcare services are privately owned and operated. Healthcare has always been a topic of debate for the U.S. government because policy makers argue that the system is not delivering value for money services. In fact government is spending twice as much on life expectancy and infant mortality rate...
|
|
Now At-Home TB Diagnosis Looks Possible
Sep 14, 2012
According to a recent research published in Nature Chemistry, scientists have revealed that a certain sensitive fluorescent molecule is capable of efficiently and quickly tracing TB (tuberculosis) bacteria from the sputum samples.
The year 2010 registered approximately 4000 deaths per day because of TB. TB diagnosis takes a few weeks and the disease being contagious puts others at...
|
|
China Economy Gets USD 157 Billion Stimulus with Sanction for 60 Infrastructure Projects
Sep 14, 2012
Seen as a much required economical stimulus to revive the economy stuck in the worst slowdown in the past three years, China has approved 60 different infrastructure projects valued at more than USD 150 billion. Immediately after the official confirmation of the decision, stocks of major industries such as cement and steel have seen a rise on hopes generated by plans to build ports, highways,...
|
|
Battling against flu, vaccination necessary for health workers
Sep 14, 2012
To battle against flu this season, health officials have tightened their resolve to get more health care workers vaccinated. Flu is a disease that transfers from one to another. Keeping this in mind health officials want every worker in the health care department to get vaccinated. By doing this, it will lessen the chances of others getting affected by this disease.
Health officials...
|
|
Japan to Cut Import Duties on Indian Generic Drugs Imports
Sep 14, 2012
The 44th ASEAN Economic Ministers Meeting held last week in Cambodia has certainly brought good news for the Indian Pharmaceuticals industry. During the meeting on the sidelines of the 44th ASEAN Economic Ministers Meet, Indian Commerce and Industry Minister Anand Sharma brought up the issue with his Japanese counterpart Yukio Edano. Yukio Edano is the minister of economy, trade and Industry...
|
