Tuesday, 02 January 2024 12:17 GMT

India Emerges As Global Hub For Legal And Compliance Centres


(MENAFN- KNN India) New Delhi, Oct 17 (KNN) India's growing prominence as a base for Global Capability Centres (GCCs) is now giving rise to a new trend - the expansion of Global Legal and Compliance Centres (GLCCs).

These centres are transforming from back-office units into strategic engines driving legal innovation, governance excellence, and multinational decision-making.

Currently, around 10% of India's 1,800 GCCs host legal and compliance functions - about 180 GLCCs employing nearly 6,000 lawyers across sectors like banking, pharmaceuticals, retail, technology, and energy.

“What were once seen as back-office support units are now strategic hubs,” said Ananya Sanyal, strategic partner at Counselect.

Fortune 500 companies such as JPMorgan, Société Générale, and Unilever have integrated Indian GLCCs into their global operations.

These centres handle contract drafting, compliance monitoring, and even business strategy.“India's deep talent pool, digital strength, scalability, and cost competitiveness make it ideal for global integration,” said Sanjit Batra, Group VP and Legal Head, Cummins India.

To sustain growth, GLCCs are investing in leadership development and business training to create future-ready legal professionals. Many have introduced 'intrapreneurship' and leadership accelerator programmes, while partnering with top law schools such as the National Law School of India University.

Leading GLCCs are also experimenting with flexible hiring - including short-term secondments and collaborations with legal service providers - to build agility and scalability.

As GLCCs expand, they are reshaping the legal ecosystem, prompting traditional law firms to adopt technology and enhance efficiency. However, experts stress collaboration over competition.“GLCCs and law firms have complementary roles rather than competing ones,” said Vivek Chandy, joint managing partner at JSA.

Together, GLCCs and law firms are establishing what experts call the“India Think Tank Advantage,” where global enterprises tap Indian legal expertise for scale, quality, and strategic insight.

(KNN Bureau)

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