Indian companies pay more on legal

Amounts spent on legal costs rose 22.15 per cent in 2013/14, according to an analysis of the BSE, Bombay Stock Exchange.

Abhijit Joshi, founder of Veritas Legal, said a combination of money, culture and treatment of talent is key Sapsiwai

A costs analysis done on 312 companies on the BSE 500 Index shows a rise on their legal expenditure of 22.15 per cent outstripping a general rise in expenditure of 12.4 per cent. The increase is attributed to fast-changing regulation and an increase in white collar crime. Chandra Mehta, managing parter of Dhruve Liladhar & Co, said: ‘It’s a great time to be a lawyer in India. For companies, stakes have increased tremendously in the last few years due to increased scrutiny.’ Source: LiveMint

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