Legal Services Marketing US
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The legal services market in India is slated to grow at 1% annually. The sector can be divided into litigation, non-litigation, and advisory services. Key trends include the entry of foreign law firms, growth of online legal services, and legal process outsourcing emerging as a viable opportunity. Drivers of growth include demand from corporate entities, services related to products, and services for accidents. Challenges include a shortage of lawyers and a slow judicial system.
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Legal Services Marketing US
- 2. 2 SAMPLE Executive Summary Market Legal services market is slated to grow at a rate of x1% per annum The sector can be segregated into x2, x3 and x4 services Legal services can be before court or any other tribunal system of law Drivers & Challenges Competition Drivers –Demand from corporate entities –Legal services related to products –Legal services for accidents –Lifestyle influences create legal services opportunities Challenges –Shortage of lawyers –Slow judicial system Major Players Amarchand & Mangaldas AZB & Partners Fox Mandal Luthra & Luthra CPA Global Ashurst Entry of foreign law firms in India Legal service goes online Law graduates opting for corporate career Consistent rise in salaries of lawyers Legal process outsourcing emerging as a viable opportunity Trends LEGAL SERVICES MARKET IN INDIA 2012.PPT
- 5. 5 SAMPLE • X7 • X8 • X9 Legal advisory services capitalizes on the requirement to adhere to laws in the country X5 Services LEGAL SERVICES MARKET IN INDIA 2012.PPT X6 services pertain to legal services in different fields of law A B C • X10 • X11 • X12 • X13 • X14 • X15
- 7. 7 SAMPLE … road and rail accidents Road Accidents • The Act, 1885 entitle legal heirs of a deceased accident victim to claim compensation from the person who committed negligence • The Motor Vehicle Act entails a compulsory third party insurance and procedure of adjudication to ensure relief to victims of accident cases Railway Accidents • The passengers who meet with an accident as defined under Section 124 of The railways Act 1989 or even become victim of untoward incidents as defined under Section 123 (C) of The Railways Act 1989 are entitled to receive compensation for loss of life or injuries incurred due to their involvement in a railway accident Road Accidents – Growth Rail Accidents – Growth LEGAL SERVICES MARKET IN INDIA 2012.PPT Unit No 0 C% 20‐‐ O 20‐‐ N 20‐‐ M Unit No 0 S8 20‐‐ S7 20‐‐ S6 S5 20‐‐ S4 S3 20‐‐ S2 S1 Registered Deaths Injured
- 8. 8 SAMPLE As people look at registering marriages and separation legally, services in the said field gets a fillip Lifestyle influences create legal services opportunities Impact •Present day social customs have also been characterized by legal rules and regulations •While earlier, m1 were considered to be more a product of social rituals wherein court of law did not come into play •Today, m2 are legitimized at the court of law that registers the m3 as a legal sanctity •Lifestyle influences have shaped people’s thought process wherein people part ways through m4 either as a result of mutual consent or bitter alimony claims •In both the matters, legal services are of prime importance as it is through court of law that these issues can be resolved, thus providing a fillip to the legal services sector •Even m5 and m6 require authorization of responsibilities that is rendered by court seeking legal services’ help Divorce – Rate in India Wedding Industry – Growth in India LEGAL SERVICES MARKET IN INDIA 2012.PPT Unit No 0 g% 20‐‐ F 20‐‐ E INR bn 20‐‐ h% 0 Y 20‐‐ X 20‐‐ W 20‐‐ V 20‐‐ U
- 9. 9 SAMPLE … regulates the sector • The Bar Council of India (BCI) and all other state bar councils have decided to protest against the proposed Higher Education & Research Bill, 2011 • The new bill intends to put an end to the prerogative of the BCI to inspect educational institutions imparting law education across the country • BCI and other representatives have termed it as an infringement of Sections 6 & 7 of Advocates Act • In addition to the Higher Education & Research Bill, the BCI and state bars have also been opposing the Foreign Educational Institutions (Regulation of Entry and Operations) Bill 2010, the Educational Tribunals Bill 2012 and the National Law Schools Bill 2012 • The BCI is planning to introduce Unique Identification Number (UIN) system and UIN is slated to be awarded to the lawyers • The UIN system would be serving as an useful framework for implementing and tracking continuing legal education across the profession • It also mentioned that practicing lawyers would be given access to hardware and software resources and would also be trained to use technology in related matters • Further, a proposal of stipend for the advocates with less than 3 years’ practice along with an insurance scheme for lawyers will also be introduced Unique Identification Number Protest by BCI About o1 mn lawyers across the country are slated to boycott courts on Jul ‐‐ and ‐‐ to protest against the Higher Education & Research Bill 2011 Bar Council of India (2/2) LEGAL SERVICES MARKET IN INDIA 2012.PPT
- 12. 12 SAMPLE Key People Products and Services Company Information Offices and Centres – India Registered Address Tel No. Fax No. Website Year of Incorporation Name Designation Registered Address Place Category Products/Services Private: Domestic Company – Company 1 (1/3) LEGAL SERVICES MARKET IN INDIA 2012.PPT
- 13. 13 SAMPLE Financial Snapshot Key Ratios Financial Summary • Company incurred a net profit of INR ‐ mn in FY 2011, as compared to net profit of INR ‐ mn in FY 2010 • It reported total Income of INR ‐ mn in FY 2011, registering a decrease of a1% over FY 2010 • Earned an operating margin of a2% in FY 2011, an increase of a3 percentage points over FY 2010 • The company reported a debt to equity ratio of ‐ in FY 2011, a increase of a4% over FY 2010 Profit / Loss Total IncomeTotal Income INR mn 0 0 Profit INR mn 20‐‐ S 20‐‐ R 20‐‐ Q 20‐‐ P LEGAL SERVICES MARKET IN INDIA 2012.PPT Private: Domestic Company – Company 1 (2/3) Particulars y‐o‐y change (2011‐10) 2011 2010 2009 2008 Profitability Ratios Operating Margin 7.49 ‐6.73% ‐14.22% ‐20.71% ‐20.53% Net Margin 6.31 63.20% 56.89% 46.89% 43.61% Profit Before Tax Margin 9.60 92.51% 82.91% 75.64% 73.96% Return on Equity 6.66 38.16% 31.50% 35.04% 47.43% Return on Capital Employed 5.93 ‐5.15% ‐11.08% ‐22.90% 122.33% Return on Working Capital 1.58 38.49% 36.90% 45.99% 89.99% Return on Assets 3.65 33.46% 29.81% 30.22% 32.71% Return on Fixed Assets 105.01 266.85% 161.84% 89.44% 73.59% Cost Ratios Operating costs (% of Sales) N.A. N.A. N.A. N.A. N.A. Administration costs (% of Sales) N.A. N.A. N.A. N.A. N.A. Interest costs (% of Sales) N.A. N.A. N.A. N.A. N.A. Liquidity Ratios Current Ratio 10.16% 3.82 3.47 2.57 1.32 Cash Ratio 114.42% 0.09 0.04 0.13 0.20 Leverage Ratios Debt to Equity Ratio 148.82% 0.14 0.06 0.16 0.45 Debt to Capital Ratio 130.49% 0.12 0.05 0.14 0.31 Interest Coverage Ratio ‐78.66% ‐8.85 ‐4.95 ‐5.68 ‐3.73 Efficiency Ratios Fixed Asset Turnover N.A. N.A. N.A. N.A. N.A. Asset Turnover N.A. N.A. N.A. N.A. N.A. Current Asset Turnover N.A. N.A. N.A. N.A. N.A. Working Capital Turnover N.A. N.A. N.A. N.A. N.A. Capital Employed Turnover N.A. N.A. N.A. N.A. N.A.
- 14. 14 SAMPLE Key Recent Developments Description News Overview • Is India's oldest law firm with offices both in the country as well as overseas • Besides having foreign presence in l1, l2, l3, l4 • Additionally, it also has representative offices in places including n1, n2, n3, n4 • Boasts of a team of a total of ‐ lawyers with ‐ partners and ‐ para‐legal staff Services • Provides expertise on fields such as o1, o2, o3, o4, o5 Miscellaneous • o6 have separated with o7 repaying o8 the original stake purchased in the Bombay solicitors firm when they merged in 20‐‐ LEGAL SERVICES MARKET IN INDIA 2012.PPT Private: Domestic Company – Company 1 (3/3)
- 15. 15 Thank you for the attention The Legal Services Market – India 2012 report is a part of Netscribes’ Business Services’ Industry Series. For more detailed information or customized research requirements please contact: About Netscribes Netscribes is a knowledge‐consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment & business research, business & corporate intelligence, content‐management services, and knowledge‐software services. At its core lies a true value proposition that draws upon a vast knowledge base. Netscribes is a one‐stop shop designed to fulfil clients’ profitability and growth objectives. Disclaimer: This report is published for general information only. Although high standards have been used in the preparation of this report, Netscribes is not responsible for any loss or damage arising from use of this document. This document is the sole property of Netscribes. and prior permission is required for guidelines on reproduction. Phone: +91 33 4064 6214 E‐Mail: sales@netscribes.com Follow us on: LEGAL SERVICES MARKET IN INDIA 2012.PPT