The US legal services market is the largest in the world, with cumulative revenues of about USD 2 trillion from 2012-18. And it is expected to grow to over USD 344 billion per year in 2023. By contrast, India’s legal services market was valued at approximately USD 1.3 billion in 2021.
This market was not open to compliance professionals in India before the pandemic. But now the doors have been flung wide open thanks to remote work. This is an unprecedented development of unimaginable consequences.
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