India's law firms fret about poaching, plan fee hikes as foreigners gain a foothold

As of March 10, foreign law firms can now set up shop in India to offer M&A and corporate advisory services as well as to handle arbitration disputes for foreign clients. India had some $50 billion in cross-border deals last year while corporate arbitration cases and other legal disputes have continued to grow, making the South Asian market a lucrative one for global lawyers who until now have had to operate on a fly-in, fly-out basis.