Country witnessing unprecedented growth in legal landscape, says CJI
The Hindu
Legal profession no longer a career of ‘last resort’, he says.
Chief Justice of India (CJI) N.V. Ramana on Wednesday said legal profession was no longer a career of “last resort” and India was witnessing unprecedented growth in the legal landscape, especially in commercial law. “Despite the pandemic in 2020, India recorded over 350 mergers and acquisitions deals worth $ 37.5 billion; the cross-border deal activity recorded over 140 transactions with deal values worth $ 21 billion. Moreover, 2020 saw record private equity deal-making activity in India with investments worth $ 40 billion, 28% higher than the previous record witnessed in 2019, with around 950 deals,” he noted. As a first-generation lawyer himself, the CJI stated, he was at the receiving end of skepticism about his career choice.
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