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Digital shift, compliance swell legal fees
Mint Mumbai
|March 03, 2025
Rising compliance burden, digital transformation and growing deal activity are expected to drive India Inc.'s legal expenses past the ₹60,000-crore mark in the ongoing financial year.
"We project Indian companies' aggregate legal expenses for FY25 to jump 15-18% from FY24," said Ritvik Lukose, co-founder and chief executive officer (CEO) of Vahura, a compliance and governance-focused search and advisory firm.
"This growth reflects evolving needs in a complex legal environment."
In FY24, Indian companies' aggregate legal expenses stood at ₹52,568 crore, jumping 17% on-year over ₹44,920 crore in FY23, according to the firm. This was driven by increased global deal activity, higher dispute resolution costs, and growing compliance expenses.
The top 50 companies accounted for ₹21,389 crore of this expenditure in FY25, reflecting a 17.4% growth. Law firms expect double-digit increases to continue for the next few years.
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