Importance of Lawyers and Law Firms in todays World
Whenever we think about a lawyer, the first thing that comes to our mind is a courtroom with a handcuffed criminal and a person in black coat arguing for him, or, that of an old man following a lawyer with the documents of his ancestral properties. Because in old days the lawyer’s profession was associated with criminal cases and some civil suites mainly related to ancestral properties. But, as a new business culture developed by the arrival of multinational companies and the new style of business introduced by many Indian corporate houses, the importance of lawyers has increased in the society. top law firms have started concentrating more on legal matters related to the corporate affairs. A new generation of corporate law firms has started to get established. They are not just dealing with the cases, but also help the corporate in drafting various agreements, getting registrations etc too. Almost all corporate houses have various such commercial law firms in their list and they are maintaining a contract with these firms. This contract will enable them to get their service at any point of time and in turn it will benefit the lawyers to have a regular job. Some companies have appointed lawyers exclusively for taking care of their legal needs. Such lawyers are in the payroll of the company as permanent employees and enjoying a good remuneration.
Along with the changes happened in all sectors, the law firms in india too undergone a lot of changes. The green paper files tagged with red tags, clerks who sit in front of the typewriting machine etc have become extinct. The new generation Lawyers are taking the help of the modern technologies to make their job easier. More and more lawyers turned to specializations such as company law, commercial procedures, and international trade processes etc. These are the area where there is a great demand for lawyers. Their duty is not to argue in any courts, but to supervise the legal matters of the company in various areas. The stage has come where the help of a lawyer is necessary for doing business in India. As the demand for lawyers increased top law firms started wooing brilliant young lawyers into their fold. It has changed the old concept of junior lawyers who used to follow the senior with the bundles of files and will not do anything independently.
This is another change happened in the law firms of India. Nowadays the corporate law firms are changed their style to match with the international style as more and more multinational companies have started appointing these types of commercial law firms as their lawyers. Law services are highly in demand not only corporate sectors but in our general life also. Law firms offers all legal services, dispute resolution, litigation, merger acquisition, ipr legal practice, public private partnership and all law legal services. This trend will continue for a long time as any big corporate house need the help of lawyers for doing business in India in the prevailing situation.